Home 2019 December 2

Daily Archives: December 2, 2019 | 9:53 pm

car automobile assembly line

US FTA could upend market for imported CBU autos, DTI says

A FREE Trade Agreement (FTA) with the United States could disrupt the market for automotive imports by making US automobiles more attractive to ship in than competing products from Asia, the Department of Trade and Industry (DTI) said.
power lines

NGCP audit ‘only way’ to address China fears

THE DEPARTMENT of Energy (DoE) said the only way to achieve ”closure” on the issue of China’s alleged capability to remotely shut down the power transmission system is a audit of the National Grid Corp. of the Philippines (NGCP).

New Clark City deal properly awarded, reviewed — BCDA

THE Bases Conversion and Development Authority (BCDA) rejected claims that the deal to build the New Clark City sports complex in Tarlac won by Malaysia’s MTD Capital Bhd. was improperly awarded, amid reports that the contract was not bid out.

Gold prices seen supported by trade tensions, Brexit

GOLD PRICES are expected to remain at about $1,450 per ounce (oz) in the next three to six months into 2020, supported by the precious metal’s safe-haven value in the face of the US-China trade war, Brexit, and unrest in various parts of the world, including major gold market Hong Kong, Fitch Solutions Macro Research said in its Commodity Price Forecast.

Davao considers options for transport project P2.8-B counterpart funding

THE DAVAO City government is considering how to raise the P2.8 billion in counterpart funds for the P18.66-billion Davao Public Transport Modernization Project, which was among the six projects approved by the National Economic and Development Authority (NEDA) Board on Nov. 29.

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Common tax issues of PEZA-registered entities

On weekends, I travel from my workplace to my province for a quick break from my busy working life. Every time I travel to my home town, I always notice the expanding industry of Philippine Economic Zone Authority (PEZA) enterprises, with special economic zones and technoparks being established in almost every city of my province, wherever I go. In fact, our province is known for its numerous economic zones. This makes me realize the rise in demand for PEZA-registered entities.

PHL improves on showing from last SEAG

WHILE it remains to be seen if the Philippines will end up on top of the medal standings in the 30th Southeast Asian Games, one thing is certain, it is going to surpass its showing in the last edition of the biennial regional sporting meet.

PHL hoops teams make golden conquest in SEAG 3×3

THE Philippine hoops squads that competed in 3x3 basketball in the 30th Southeast Asian Games topped their respective divisions in the finals on Monday, adding to the steadily mounting gold medal of the country.

Doncic, Mavs end Lakers’ winning streak

LOS ANGELES -- Luka Doncic had 27 points, 10 assists and nine rebounds, and the visiting Dallas Mavericks snapped the Los Angeles Lakers’ 10-game winning streak with a 114-100 victory on Sunday.

NFL: Dolphins rally to continue Eagles’ woes

MIAMI -- Quarterback Ryan Fitzpatrick threw for 365 yards and three touchdowns and the Miami Dolphins scored 23 unanswered points to defeat the visiting Philadelphia Eagles 37-31 on Sunday.

Skateboarding in SEA Games a chance to grow the scene — Didal

APART from making history as one of the first to win medals in skateboarding in the Southeast Asian Games, Filipino skateboarder Margielyn Didal looks as well at the inclusion of the sport in the biennial regional sporting meet as a good chance to further cultivate the skateboard scene in the region, particularly here in the Philippines.

Tata Steel Rapid and Blitz

The Tata Steel Rapid and Chess Tournament (Kolkata, India) was the penultimate event of the 2019 Grand Chess Tour. The reigning world chess champion Magnus Carlsen dominated this event from start to finish, scoring 2.5/3 a day in the first three days (the Rapid portion) and then 6.5/9 followed by 5.5/9 in the final two days (Blitz portion). His 27 out of 36 pts is also the best performance ever in these Rapid/Blitz events.

Ravens sink 49ers

The conditions at M&T Bank Stadium were far from ideal. From the vantage point of quarterback Lamar Jackson, the “horrible” weather “messed with me a lot ... A lot of passes [were] getting away from me.” He wasn’t kidding; by the end of the Ravens’ grueling meeting with the Niners, he managed to complete only 14 of 23 tries for 105 yards, paltry by his standards. He even lost the admittedly wet ball in his first series after the half, a mistake deep in enemy territory that could have proven costly given the three points that separated the protagonists at the time.

PSE index climbs on positive China PMI report

THE LOCAL BOURSE welcomed the Yuletide season with glee as Philippine shares increased on positive sentiment on China’s purchasing managers index (PMI) and Sino-US trade negotiations.

Peso sinks back to P51:$1 level

THE PESO depreciated on Monday, returning to the P51-per-dollar mark, due to strong demand for the dollar and amid expectations of better US manufacturing data.

Dozens of flights canceled on Typhoon Kammuri

DOZENS of flights to and from Manila were canceled on Monday due to Typhoon Kammuri, known locally as Typhoon Tisoy, while 4,603 passengers, 1,025 rolling cargoes, 73 vessels and 41 motor bancas were stranded in various ports.

Quezon City bans single-use plastics

QUEZON CITY will ban single-use plastics and disposable materials in hotels and restaurants, the local government said in a statement.

QC trial court to rule on massacre case this month

A QUEZON CITY trial court is expected to rule by Dec. 19 on a decade-long case involving the massacre of more than 50 people, including 32 journalists in Maguindanao province in southern Philippines.

Iloilo City aims for fully digitized business permit transactions by 2020

THE ILOILO City hall is aiming to automate transactions by 2020, including the payment for business permits and other fees.

Dikes along Pantal River, dredging among recommendations of Dagupan flood commission

THE CONSTRUCTION of dikes on both sides of the Pantal River and rehabilitation of rivers, creeks and estuaries are among the items in the long list of recommendations made by the Dagupan City Flood Mitigation Commission (FMC).

Sports dreams

Students in Maguindanao, one of the poorest provinces in the country, receive sports equipment from the Bangsamoro Sports Commission (BSC) on Nov. 27 as part of the celebration of National Children’s Month.

Davao City to impose street parking fee by January; bicycle racks to be set...

THE DAVAO City government will start collecting street parking fees in January, initially covering seven major roads within the downtown area.

Annual closed fishing season in Zamboanga starts

THE ANNUAL three-month ban on sardine fishing in waters around the Zamboanga Peninsula started Dec. 1, with the Bureau of Fisheries and Aquatic Resources (BFAR) regional office leading a formal send-off ceremony on Monday for the teams that will patrol the waters.

Nationwide round-up

THE HOUSE of Representatives subcommittee on labor standards took up Bill 1904 on Monday, working out issues relating to overtime pay under the proposed compressed work week scheme.

Nation at a Glance — (12/03/19)

News stories from across the nation. Visit www.bworldonline.com (section: The Nation) to read more national and regional news from the Philippines.

The problem of violence against women and children

Every year from Nov. 25 to Dec. 12, the Philippines observes an 18-Day Campaign to End Violence Against Women (VAW). This annual 18-day campaign was inspired by the global 16 Days of Activism Against Gender-Based Violence, an international campaign coordinated by the Center for Women’s Global Leadership. First launched in 1991, the core 16 Days of Activism against VAW takes place every year beginning on Nov. 25 and ending on Dec. 10 which is an International Human Rights Day, hence, affirming that violence against women is a human rights violation.

A separate AFP Reserve Command

The doctrines of joint operations and combined arms require synergies across all service branches, operating units, and the “total force” consisting of the regular forces and the reserves. That desired synergy requires many dynamic factors -- mindsets that drives attitudes and behavior, on and off the battlefield; leadership; training; equipage -- working in sync to make it happen. That’s what separates professionals from substandard forces.

COP 25 and fossil fuels

The UN Framework Convention on Climate Change (UN FCCC) 25th Conference of Parties (COP 25) is held in Madrid starting this week, Dec, 2-13. In a press release dated Nov, 29, “COP25 to Be the Launchpad for Significantly more Climate Ambition,” it reiterated the target of annual climate money: “We will continue to urge developed nations to fulfill their pledge of mobilizing $100 billion annually by 2020. We also must see overall global finance flows... away from carbon-heavy investment and towards more sustainable and resilient growth. Drops in the bucket are not enough: we need a sea change.”

The secrets to BDO’s success

What am I doing here?

Here’s why your old PCs are slowing down your business

In the latest study commissioned by Microsoft and Intel among SMEs across the Asia Pacific region, more than a third of SMBs (36%) still...

The Villar Group taps MultiSys to embrace digital transformation

Engaged to multiple large-scale businesses, the Villar Group partners with Multisys Technologies Corporation, a leading software solutions company, to deliver game-changing solutions that will...

Primepay partners with Bayad Center and MultiSys for bills payment

Primepay, Inc. (Primepay), a wholly-owned subsidiary of Prime Asset Ventures, Inc. (PAVI), announces collaboration with Multisys Technologies Corporation (MultiSys) and CIS Bayad Center, Inc....

BCB Blockchain creates P15-M fund for local startups through incubator, academe partners

The Singapore-based tech firm commits to supporting local startups through partnerships, funds, and projects with the government and academe.

Poll cites price lift from fading base effect

NOVEMBER inflation -- which the government will report on Dec. 5 -- likely picked up on the back of fading base effects from last year’s successive multi-year highs, according to economists asked last week.
infrastructure MRT7

Senate resolution calls for probe on flagship projects, China funding

A RESOLUTION filed in the Senate calls for an inquiry on the implementation of infrastructure projects under the “Build, Build, Build” program and its reliance on official development assistance (ODA), particularly from China.
PH coins

House, Senate start reconciling budget versions

LEADERS of the Senate finance and House of Representatives appropriations committees start meeting today to harmonize their versions of the proposed P4.1-trillion national budget for 2020 in a bid to ensure enactment before the year ends -- and prevent a repeat of the delayed approval that has taken a toll on 2019’s overall economic growth.

Analysts’ November inflation rate estimates

NOVEMBER inflation -- which the government will report on Dec. 5 -- likely picked up on the back of fading base effects from last...

Organic rice production named a Mindanao priority program

DAVAO CITY -- Organic rice production and exports have been designated a priority program for the southern island next year, the Mindanao Development Authority (MinDA) said.

What it takes to become big in Japan

JAPAN is a place of many contradictions. It is simultaneously old and young; frighteningly modern and comfortingly aware and compassionate of its past. Its people hold on to who they are, and yet openly takes influences from the West. Several fashion designers call it home, and the easiest names to recall from that region are Rei Kawakubo and Issey Miyake. When it comes to large-scale production meanwhile, Muji and Uniqlo are successful global exports. The Japanese seem to have it all in their own set of islands, and the thought of making it there makes penetrating the Japanese market a worthy, but also daunting prospect. BusinessWorld talked to two stakeholders in the competitive Japanese fashion market to help Filipino designers understand what makes Japanese customers tick, and the steps they’ll have to take in order to make it in Japan.

PLDT eyes bigger capital expenditure for 2020

PLDT, Inc. said it will increase its capital expenditure (capex) for 2020 as it continues expanding its network infrastructure, particularly the fifth-generation (5G) network that will be launched “early next year.”

Treasury bills seen fetching lower rates

RATES OF Treasury bills (T-bills) on offer today will likely decline following the central bank chief’s hints on a possible policy rate cut.

Common facility planned for backyard hog raisers

DAVAO CITY -- The Mindanao Development Authority (MinDA) is planning to introduce a system of common facilities for hog raisers to minimize the possibility of African Swine Fever (ASF) breaking out in the southern island.

Nine West celebrates Davao’s women ‘Groundbreakers’

DAVAO CITY -- Nine West recently launched its Fall 2019 collection here, putting the spotlight on some of Davao’s prominent women in line with the global brand’s “Groundbreakers” campaign.
peso dollar bills

Peso may strengthen vs dollar on remittances, inflation data

THE PESO could strengthen this week on the back of support from continued remittance inflows this month.

Compostela Valley coconut farmers plot upgrade to value-added products

DAVAO CITY -- About 5,000 coconut farmers in Compostela Valley gathered last week during the province’s 1st Coconut Summit to discuss how to upgrade to value-added products.