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Daily Archives: December 5, 2019 | 10:13 pm

GDP growth could top 6.5% in fourth quarter — UA&P/FMIC

ECONOMISTS expect gross domestic product (GDP) to grow by at least 6.5% in the fourth quarter, driven by increased public spending as well as robust consumption, according to the Market Call issued by the University of Asia and the Pacific (UA&P) and the First Metro Investment Corp. (FMIC).

Factory output registers 11th straight decline in Oct.

MANUFACTURING output declined once more in October, extending its streak to eleven months, the government said Thursday.

Investor regard for workforce still high despite PISA survey

FOREIGN business chambers said they remain confident about attracting investment to the Philippines despite its poor performance in a global education survey.
Carlos G. Dominguez III

Gov’t targets speedy project negotiations despite more PPPs in flagship list

THE government hopes to wrap up project negotiations in good time even when more contracts are offered up as public-private partnerships (PPPs), while also hoping to minimize the contingent liabilities paid by the state, Finance Secretary Carlos G. Dominguez III said.
Department of Budget and Management (DBM) logo

DBM confident budget validity extension bill won’t be vetoed

THE Department of Budget and Management (DBM) said it supports the proposal to extend the availability of the 2019 budget to December 2020 and believes the bill stretching out the validity of the funds complies with a presidential order, reducing the chances of a veto.

Rich-poor income gap narrows in 2018

THE INCOME GAP between the richest and poorest Filipino families narrowed in 2018 but remained substantial even amid significant increases in family income and savings, the Philippine Statistics Authority (PSA) said.

Cycling, skateboarding add to PHL gold haul on Day 5

CYCLING, skateboarding, judo and fencing added gold to the total medal haul of the Philippines in the 30th Southeast Asian Games on Day Five of competition on Thursday.

Gilas goes for win number two in SEAG

HAD a scintillating start to its 30th Southeast Asian Games campaign on Wednesday, the Philippine men’s national basketball team goes for a second straight win when it takes on Vietnam in a Group A match today.

Philippine Under-22 football team sees positives despite early SEA Games exit

ITS CAMPAIGN in the 30th Southeast Asian Games might have ended abruptly but the Philippine men’s Under-22 team sees a lot of positives from its bid which it hopes to carry on and take cue from moving forward.

PBA rookie draft on Sunday at Robinson’s Manila

THE ANNUAL Philippine Basketball Association rookie draft happens this weekend with 71 aspirants looking to make the leap to the pro ranks.

Jerwin ‘Pretty Boy’ Ancajas rolls to Mexico to defend IBF crown

INTERNATIONAL Boxing Federation world super flyweight champion Jerwin “Pretty Boy” Ancajas pushes through with a previously shelved title defense fight this weekend in Mexico but against a different opponent.

Reed, Woodland share lead in Bahamas; Woods stumbles late

BAHAMAS -- Patrick Reed and Gary Woodland set the first-round pace at the windswept Hero World Challenge in the Bahamas on Wednesday while tournament host Tiger Woods was four shots back after faltering over the final two holes.

Davis, James carry LA Lakers past Utah Jazz, 121-96

LOS ANGELES -- Anthony Davis scored 26 points, and LeBron James added 20 points as the visiting Los Angeles Lakers got off to a fast start and held off the Utah Jazz 121-96 on Wednesday.


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Overworked Tiger

Tiger Woods had an up-and-down round yesterday, but he looked none the worse for wear as he met members of the media in the aftermath. Considering all his responsibilities apart from participating at the Hero World Challenge, perhaps he understood that an even-par 72 wasn’t bad at all. It certainly could have been better; he carded a bogey and a double bogey in his last two holes after nicely getting back on track following a poor front nine. But it could have also been worse, what with his mind occupied by other off-course pursuits.
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PSE index drops further as Nov. inflation picks up

THE MAIN INDEX recorded its third straight day of decline on Thursday amid the pickup in November inflation and positive developments in the US-China trade negotiations.

Peso rebounds on inflation, US-China trade talks

THE PESO regained its strength versus the dollar on Thursday as markets picked up a sense of optimism that trade talks between the US and China are still in progress despite the situation in some of China’s territories and following data showing manageable inflation in November.

Investigating the grid

It is a simple case to make. We are totally dependent on energy for our essential needs. Our stores and factories require electricity. Our airports, sea ports, and all sorts of transport terminals require power to operate. By any definition, legal or otherwise, any facility that provides such a service is a public utility, a vital installation of national interest for national security.

Cauldron of errors

The transport, accommodations, athletic facilities, press accreditation and food issues, among others that hounded the Philippines’ hosting of the 30th Southeast Asian Games prior to its opening date, were real enough. But the response of government officials, Netizens, much of the public, and even the press itself to that “cauldron of errors” being reported by the Philippine media also underlined the need for developing authentic media literacy programs not only for the enlightenment of the citizenry but also, and perhaps even more urgently, for the education of the so-called leaders of this country.

Ribbons in the sky

The world undergoes upheavals and periods of turmoil. There have been many crises -- floods, earthquakes, epidemics, and wars.

Latin America’s generals know their place

THE FIRST time I caught a glimpse of Latin American democracy in peril, it hadn’t even arrived. This was Brazil, in 1983, when the military government was stewarding what General Ernesto Geisel, president from 1974 to 1979, called a “slow, gradual and secure political opening.” Jobless protesters and union militants were in no mood to wait and, blessed by politicized Catholic bishops, capped three days of rage by rushing the governor’s palace in Sao Paulo. Police beat them back and the governor -- the first elected by popular vote since the 1960s -- threatened to call in federal troops. “The street violence is testing the opening to democracy,” President Joao Baptista Figueiredo, a retired general, warned. After two decades of military rule no one needed a translation.

Gov’t studying legal options on contracts with water utilities

THE government is studying its legal options over what it claims are onerous provisions in the contracts of two water utilities, Justice Secretary Menardo I. Guevarra said on Thursday.
fish galunggong Navotas Fishport

Fish prices shoot up amid closed season; DA approves importations

PRICES of fish have gone up during the closed fishing season, the Department of Agriculture (DA) said on Thursday.

Output losses from typhoon reach almost P2B

PRODUCTION losses from Typhoon Kammuri, which battered several provinces south of the Manila early this week, have reached P1.93 billion, the Agriculture department said on Thursday.
Philippine Statistics Authority (PSA) logo

PSA taps agencies for national ID

THE Philippine Statistics Authority is on track to roll out the registration for the national identification system that is targeted to start by July.

High Court sets Shari’a bar exams

THE Supreme Court has scheduled the 16th Special Shari’a bar exams for Jan. 19 and 26 next year.

Lawmakers to raise P10M for SEAG gold medalists

CONGRESSMEN will raise P10 million from their salaries next month to reward Filipino gold medalists at the 30th Southeast Asian (SEA) Games, according to a House of Representatives resolution filed yesterday.

Sandiganbayan told to hear graft case vs Lapid

THE Supreme Court has ordered the country”s anti-graft court to hear a corruption case against Senator Manuel “Lito” M. Lapid for approving the purchase of fertilizer without public bidding when he was still Pampanga governor in 2004.

OCTOBER finds fewer Filipinos jobless, looking for more work

THE LATEST government labor data showed the ranks of jobless Filipinos and those employed but wanting more work decreasing in October, the Philippine Statistics...

Inflation picks up in November

Inflation inched up to 1.3% in November following five straight months of easing, the Philippine Statistics Authority (PSA) reported earlier this morning. November's headline inflation...

Factory output falls for 11th straight month in October

Manufacturing output once again declined in October, extending its streak to eleven straight months, the government reported this morning. Factory output, as measured by the...

Pushing the local export industry forward

This first week of December, the Department of Trade and Industry (DTI) through the Export Marketing Bureau (EMB), together with the Philippine Exporters Confederation...

At least a dozen people killed as Typhoon Kammuri leaves

AT least 12 people died after Typhoon Kammuri battered several provinces south of the Philippine capital this week, police said yesterday as the storm left the country.

BoI investments top P1 trillion as of Oct.

THE BOARD of Investments (BoI) has breached its P1-trillion 2019 investment target as of October, ranking Trade department (DTI) officials announced on Wednesday.
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PHL lags in global education survey

FILIPINO STUDENTS fared poorly in a survey that ranks 79 participating economies according to their performance in reading, science and math.

PISA 2018 results

FILIPINO STUDENTS fared poorly in a survey that ranks 79 participating economies according to their performance in reading, science and math. Read the full...
PSE BGC

MPIC, Manila Water, ABS-CBN reel from Duterte’s rant

PRESIDENT Rodrigo R. Duterte’s threat against Metro Manila’s water concessionaires sent shares of their owners stumbling at the stock market on Wednesday, along with those of the biggest local entertainment network that was also at the receiving end of the Philippine leader’s ire a day earlier.

PSE proposes more conditions for firm’s voluntary delisting

THE Philippine Stock Exchange, Inc. (PSE) on Wednesday released proposed amendments to its voluntary delisting rules, as it seeks to protect minority shareholders.

DoE asks Meralco how it will address rising demand

THE Department of Energy (DoE) has asked Manila Electric Co. (Meralco) on how the country’s largest electricity distribution company plans to cope the rise in power demand within its franchise area, the secretary said.

Green buildings represent $24.7-trillion investment opportunity — IFC report

GREEN BUILDINGS offer a $24.7-trillion investment opportunity in emerging markets, including the Philippines, according to a report by the International Finance Corp. (IFC).

Perfection in a salmon sashimi

FROM SUSHI delivered by train, we now have sushi crafted by hand.
Angkas logo

Angkas working on more payment options for users

MOTORCYCLE ride-hailing platform Angkas (DBDOYC, Inc.) said it is currently in talks with local banks to provide more payment options to its users.

Raising the alarm: the dangers of e-cigarettes

CRÈME BRÛLÉE, custard, honey, Yakult, banana, mango, M&M, Gummy Bears, cappuccino, mint, root beer float, Coke, Sprite. Name it, they have it. From a survey of online sites alone, to date, there are over 15,500 flavorings to choose from among e-cigarettes the world over.
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TDF yields up on bets of rising inflation

YIELDS ON term deposits went up amid fewer bids, with the market factoring in an uptick in inflation after two months of slowdown.

SMFB’s planned P15-B bonds gets top rating

SAN MIGUEL Food and Beverage, Inc.’s (SMFB) planned fixed-rate bonds worth up to P15 billion received the top credit rating from Philippine Rating Services Corp. (PhilRatings).

Flavors to please an empress

WHEN YOU think of the empresses who ruled China, one name immediately comes to mind: Dowager Empress Cixi. A former concubine plucked from obscurity when she bore the Emperor a son, the woman shaped the last years of Imperial China. Cold and imperious, she eliminated all competition to the throne, even going as far as usurping the throne from her own son — the sanitized story is that she served as regent when her son was taken ill and eventually dying.