09 | December | 2019 | BusinessWorld

Damage to agriculture from Tisoy reckoned at P3.67 billion

DAMAGE TO agriculture from Typhoon Tisoy (international name: Kammuri, was estimated at P3.67 billion, the Department of Agriculture (DA) said.

Gov’t draft of new water contracts expected to be ready by year’s end

JUSTICE Secretary Menardo I. Guevarra said the government is forming a team to draft revised water concession contracts, which will exclude terms the President considers onerous, adding that the new concession agreement will be ready before the year ends.

Coconut farmers need more market options amid low copra prices — expert

THE restructuring of the coconut industry should focus on extracting value-added from all parts of the tree, while farmers should be allowed to tap whatever market opportunities present themselves, including selling trees for lumber, an expert said.

Duterte says gov’t lawyers who greenlit water contracts could be liable for corrupt deals

PRESIDENT Rodrigo R. Duterte said that he wants to speak to the two water companies serving Metro Manila and the government lawyers who agreed to the allegedly disadvantageous concession agreements.

House panel says BoC valuation method could violate WTO rules

THE House Committee on Ways and Means recommended suspending the implementation of the Bureau of Customs’ (BoC) National Value Verification System (NVVS) to determine whether it violates World Trade Organization (WTO) rules on customs valuation.

SEC, PSE cite issues with SME Exchange bill on listed firms’ regulation

THE Securities and Exchange Commission (SEC) and Philippine Stock Exchange (PSE) said they support bill that will establish a Small and Medium Enterprises (SMEs) Stock Exchange, but noted that there are possible overlaps with existing regulations.

NLEX Corp. proposes Harbor Link extension to DPWH

NLEX Corp. submitted a proposal Monday to the Department of Public Works and Highways (DPWH) to extend the North Luzon Expressway (NLEx) Harbor Link Segment 10 to Anda Circle, which is between Intramuros and Manila South Harbor.

Toyota investment plan still a go despite possible safeguard measures

TOYOTA MOTORS Philippines Corp. (TMP) said it is “worried” about the possible imposition of safeguard measures on imported cars, noting the possible impact on sales volumes, but added it still plans to proceed with a major investment pending more clarity on the government’s intentions.

Vape regulation still on the table despite import ban

CONGRESS is still studying how to regulate the vaping industry by law despite a “de facto” ban on the products due to import restrictions, a key legislator said.

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What’s next for taxpayers?

If we ask taxpayers what they think about what’s next for them, we could certainly get varying responses. One would answer, “Tax deadlines, of course!” Another would say, “Tax assessments and maybe, tax reform?” One might even say, “I would rather not think about it right now; don’t spoil my December!”

Medals keep coming for Team PHL

WHILE the overall championship and its best finish in the Southeast Asian Games to date are already in the bag, host country the Philippines continued to pile on its total medal haul on the ninth day of competition on Monday.

Davis drops 50 in Lakers’ win over T-Wolves

LOS ANGELES -- Anthony Davis scored a season-high 50 points, sparking the Los Angeles Lakers to a 142-125 victory over the visiting Minnesota Timberwolves on Sunday night.

Coke Philippines going beyond refreshing athletes and sports fans

COCA-COLA Philippines stays true to their mission of refreshing people, inspiring moments of optimism and happiness, and making a difference as they proudly support the 30^th South East Asian (SEA) Games. Not only are they refreshing the best Filipino and other SEA region athletes, officials, volunteers, and spectators with millions of bottles of different Coca-Cola products -- from Wilkins Pure to Thunder Supersoda, to Viva! Mineral Water to Coca-Cola -- they are also encouraging and engaging people to advocate for a cleaner and a litter-free sports competition.

Malditas look to build on spirited SEAG showing

WHILE admitting that it felt painful to miss out on a podium finish, still the Philippine football women’s national team is not looking at its 30^th Southeast Asian Games campaign anything less.

PHL men’s volleyball team goes for SEAG gold

SUCCESSFULLY dethroned the defending Southeast Asian Games champion in the semifinals, the Philippine men’s volleyball team tries to complete its scintillating run in this year’s edition of the biennial regional sporting meet by winning the gold medal in the finals today at the PhilSports Arena in Pasig City.

MVL on a mission

The “Frenchman with Two Names” Maxime Vachier-Lagrave (MVL) is on a mission -- he wants to be the next world champion. He thinks he can beat Magnus Carlsen.

Doncic-led Mavs

The Mavericks didn’t have any zip from the get-go yesterday. Playing on the second night of a back-to-back set against the rested Kings, they started slow and found themselves down by 20 at the break. They didn’t even get a taste of the lead at any point in the first half; the best they could do was forge two ties early on. And when they began the fourth quarter, they were still 14 points behind. Still, they plodded on, tightening the screws on defense and slowly clawing back on the strength of inspired play from veteran J.J Barea, plus the usual dose of late-game production from Most Valuable Player candidate Luka Doncic.

Peso ends flat vs dollar ahead of BSP policy meeting

THE PESO moved sideways on Monday following the latest round of cuts to banks’ reserve requirement ratios (RRR) and as markets await the Bangko Sentral ng Pilipinas’ (BSP) monetary policy decision.

PSEi declines anew on positive US jobs report

PHILIPPINE SHARES failed to sustain their recovery on Monday as investors poured money into the US market on the back of better jobs market data.

Hail PAGASA! Hail NDRRMC!

Typhoon Tisoy (international name: Kamurri) left 17 people dead, isolated several provinces, and destroyed infrastructure and agriculture worth billions of pesos. Torrential rain submerged hundreds of villages in the Bicol region as well as in Isabela and Cagayan, floodwater rising to as high as the roof of most houses in those provinces.

The political economy of human rights

“Can rights and values be universal if they seem, even after lengthy explanations of the communitarian case, to be rationed by a subset of rules about sovereign boundaries? Perhaps we should agree to think of rights and values as limited resources...” -- Jeremy Harding, “Europe at Bay,” London Review of Books 34(3), 2012

Commentaries on the One Person Corporation under the Revised Corporation Code

Section 116 of the Revised Corporation Code (RCC) defines a “One Person Corporation” as a corporation with a Single Stockholder, who must either be a: (i) natural person; (ii) trust; or (iii) estate, and which shall be governed by a special set of provisions under its Chapter III, Title XIII. However, as will be demonstrated in the discussions below, it would be easier to view the Single Stockholder in a One Person Corporation (OPC) setting as simply a natural person.

Employment and e-cig ment

The good news in the country’s labor force survey reported by the Philippine Statistics Authority (PSA) is that unemployment rate has significantly declined, from 6% in October 2014 to only 4.5% in October 2019. The underemployment rate has also declined to only 13%.

The committee rules

JOB DESCRIPTIONS are supposed to define one’s role, accountability, and sometimes the resources to be made available. (You are not entitled to any information or funds.) Anyway, no matter how a subject performs the duties specified in the job description, he still needs to serve in some committee.

Charter body wants to ban turncoats, dynasties

A TASK force on constitutional reforms wants to strengthen political parties, ban turncoats and political dynasties as part of changes to the 1987 Philippine Constitution.

High Court asked to bar 5 motorcycle taxis from operating

A COMMUTERS’ group has asked a Quezon City court to stop five motorcycle taxi companies from operating, accusing them of being fly-by-night operators that expose their customers to undue risks.

Tribunal starts help desk for complaints

THE Supreme Court has started a help desk that will receive complaints from the public against judicial personnel, among other things.

Judge in decade-old massacre case praised for job well done

THE judge who heard a decade-old case involving the massacre of more than 50 people in Maguindanao province in the nation’s south has done a good job by giving all parties the chance to argue their case, Chief Justice Diosdado M. Peralta said on Monday.

Pasig River ferry back in operation, free rides until Jan. 31

THE PASIG River Ferry Services is back in operation, providing an alternative mode of transport between the cities of Pasig and Manila.

Visayan Electric vows to cover unserved areas by 2020

VISAYAN ELECTRIC Company, Inc. targets to bring electricity to all unserved communities in its franchise area by the end of 2020. Visayan Electric President Jaime Jose Y. Aboitiz, at the recent media appreciation party in Cebu City hosted by Aboitiz Group, said this commitment is aligned with the Department of Energy’s goal of total electrification by 2022.

Davao de Oro gets ‘yes’ vote

“WE ARE Davao de Oro” reads the new profile picture on the official social media page of what used to be Compostela Valley province.

Adopt-a-home program for Cotabato earthquake victims get initial batch of sponsors

VARIOUS SPONSORS have committed to fund an initial 40 temporary shelters under the adopt-a-home program for families displaced by the October earthquakes in Cotabato. These will be built in the town of Tulunan, the epicenter of the strong tremors that shook Mindanao. Vice Governor Emmylou T. Mendoza, who initiated the program that has been made part of the Comprehensive Provincial Rebuilding Plan (CPRP), said the donors are the Integrated Bar of the Philippines-Davao Chapter for 20 units, a group from Siargao for 10, and Provincial Board Member Shirlyn Macasarte-Villanueva for another 10.

New and old

An air conditioned modern jeepney, one of the first units that started operating this month, serves the ITGSI-Jaro-City Proper route in Iloilo City alongside old ones.

Nation at a Glance — (12/10/19)

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

Four things to keep in mind when managing your seed money

So you hit your seed round goals. What next? Two startup founders share their insights on how to best manage investor money to make your business soar.

PCPPI sends water to earthquake victims in Mindanao

A disaster recovery effort that aims to create resilient and sustainable communities, Pepsi Cola Products Philippines Inc. (PCPPI) continues to assist earthquake-stricken areas in...

35 Innovative Products, Services and Organizations Honoured International Innovation Awards 2019 in Singapore

Enterprise Asia announced the winners of the International Innovation Awards 2019 in Singapore. Thirty five products, services and organizations are named as award winners...

Facts, figures, and opportunities in the Southeast Asian digital economy

The digital economy is a goldmine for both businesses and consumers in Southeast Asia. What sectors are propelling its massive growth, and how can startups capitalize on their respective opportunities? Google, Temasek, and Bain & Company share e-Conomy SEA 2019 report.

Daily Archives: December 9, 2019 | 11:14 pm