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Daily Archives: December 4, 2019 | 12:03 am

After $1 billion theft, German museum turns out not to have insurance

AFTER burglars made off with priceless jewels from a German museum on Nov. 23, pressure is growing on police to find the culprits. One big reason: The diamond-encrusted dagger, pearl necklace, and dozens of other glittering artifacts -- estimated to be worth more than $1 billion by the local press -- were uninsured.
Salvador S. Panelo

Palace could issue EO to break Congress deadlock on land use bill

AN executive order (EO) could precede the passage of the proposed National Land Use Act, which has been declared a government priority by President Rodrigo R. Duterte, his spokesman said Tuesday.

RBA holds rates as it weighs past cuts

SYDNEY -- Australia’s central bank left interest rates at record lows on Tuesday as it waits for the three cuts already delivered to gain traction in a sluggish economy, though markets are wagering more easing will ultimately be needed.

More gold medals for PHL as ‘Tisoy’ forces SEAG to adjust

AMID THE STRONG typhoon that battered parts of Luzon island, gold medals continued to flow for the Philippines on Day Three of the competition in the 30th Southeast Games on Tuesday.

Nokia in discussions to provide 5G technology to 2-3 firms in Philippines

NOKIA on Tuesday said it is currently in talks with “two to three” firms in the country to provide fifth-generation (5G) technology solutions for their operations.

DTI expects new CITIRA Senate draft by year’s end

THE tax reform bill lowering corporate income tax and rationalizing fiscal incentives will be filed with the Senate by the end of December, Trade Secretary Ramon M. Lopez told reporters Tuesday, incorporating input from its investor constituencies that could provide for longer transition periods away from older incentive schemes.

PHL U-22 team looks to stay alive in SEAG bid

THE Philippine Under-22 men’s football team plays its final game in group play in the 30th Southeast Asian Games today, taking on winless Timor Leste in a match to be played at the Biñan Football Stadium in Laguna where it hopes to get a favorable result to keep its bid alive.


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Bill eyes credit quota for fishery sector

A CONGRESSMAN has filed a bill seeking to promote financial inclusion for rural communities and agricultural households through the participation of banking institutions, organization of farmer cooperatives and the creation of a special fund to finance these associations.

AC Energy inks deal to acquire solar farm operator

AC Energy Philippines, Inc. has signed a share purchase agreement with Macquarie Infrastructure Holdings (Philippines) Pte. Ltd., Langoer Investments Holding B.V., and the Government Service Insurance System for the acquisition of their ownership interest in Negros Island Solar Power Inc. (Islasol).

Gilas Pilipinas plunges into SEA Games action

THE Philippine men’s basketball team get its 30th Southeast Asian Games campaign rolling today, taking on Singapore on opening day of the 5-on-5 hoops competition at the Mall of Asia Arena in Pasay City.

The Wolf of Wall Street gets woke and all I got was a sticker

JORDAN BELFORT puts his hand on my shoulder. His eyes are wild. He’s wearing cocaine like cologne.

DPWH sees NEDA board approval for TPLEx extension by first quarter

THE Department of Public Works and Highways (DPWH) said the National Economic Development Authority (NEDA) Board will “most likely” approve by first quarter of 2020 the unsolicited proposal of San Miguel Corp. (SMC) to extend the Tarlac-Pangasinan-La Union Expressway (TPLEx).

Hidilyn Diaz now a SEA Games gold medalist

AN Olympic silver medallist and an Asian Games gold medalist, now Filipino weightlifter Hidilyn Diaz is a Southeast Asian Games gold winner.

Nomura’s incoming CEO to speed up reform with retail business in focus

TOKYO/HONG KONG -- Nomura Holdings, Inc.’s incoming Chief Executive Officer (CEO) Kentaro Okuda said on Tuesday he wanted to speed up the pace of reform at the country’s largest brokerage, which has long struggled to make its mark globally and must deal with a shrinking retail business at home.

ABS-CBN tops nationwide ratings; GMA Network leads in Urban Luzon

ABS-CBN Corp. said it continued to lead in national television ratings in November, while GMA Network, Inc. said it beat its rival in Urban Luzon and Mega Manila, citing different ratings providers.

Arts & Culture (12/04/19)

The PPO’s Christmas concert CELEBRATE the Yuletide season with a concert by the Philippine Philharmonic Orchestra (PPO) on Dec. 20, 8 p.m., at the Main...

PRURide PH set for another exciting edition in March in Clark

THE country’s biggest cycling festival -- PRURide PH -- is set for another exciting staging next year in Clark, Pampanga.

How PSEi member stocks performed — December 3, 2019

Here’s a quick glance at how PSEi stocks fared on Tuesday, December 3, 2019.  

Seahawks hold off Vikings, grab share of NFC West lead

LOS ANGELES -- Chris Carson and Rashaad Penny combined for 176 rushing yards and totaled three touchdowns as the Seattle Seahawks held on to defeat the visiting Minnesota Vikings 37-30 on Monday night in a key NFC matchup.
Department of Energy (DoE)

DoE touts new investor-friendly policies for renewables, off-grid areas

THE Department of Energy (DoE) said it expects new policies now in place to encourage investment in renewable-powered facilities serving remote areas.

Milwaukee Bucks extend winning streak to 12

LOS ANGELES -- Giannis Antetokounmpo totaled 29 points and 15 rebounds in 22 minutes Monday night as the host Milwaukee Bucks easily extended their winning streak to 12 games with a wire-to-wire, 132-88 rout of the New York Knicks.