Home 2019 December 10

Daily Archives: December 10, 2019 | 9:58 pm

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Philippine growth seen as ‘exception’ in region

PHILIPPINE economic growth will be an “exception” in a region feeling the effects of the US-China trade war, Nomura Global Markets Research said in a report, adding that its forecasts for Philippine economic growth are “above consensus” at 6% in 2019 and 6.7% in 2020.

Luzon power demand projected to peak at 12,286 MW in 2020

THE Energy department expects power demand in Luzon in 2020 to peak at 12,286 megawatts (MW), which will be reached around the dry-season months, at a growth rate that is in line with performance seen in recent years.

Regus touts local economy impact of flexible offices outside NCR

SERVICED office company Regus Philippines said local economies outside Metro Manila benefit greatly from having business centers or co-working centers in terms of economic value generated and additional employment.

Plastic shopping bag tax measure hurdles panel to raise P4.8 billion

THE House Committee on Ways and Means approved a bill calling for a P20 per kilogram tax on single-use plastic shopping bags Tuesday, a measure intended to raise P4.8 billion to fund the enforcement of the Solid Waste Management Act of 2000.

Industry brings up fisheries dep’t campaign promise

THE fisheries industry continued its lobbying for the establishment of a Department of Fisheries, saying a dedicated Cabinet-level office will better promote the sector’s development.
electric meter ERC

ERC raises legal concerns about Energy department’s net-metering draft

THE Energy Regulatory Commission (ERC) raised legal questions on the Energy department’s draft circular on net-metering, including inconsistencies with existing laws, while pointing out that the regulator is the entity with the mandate to issue rules and regulations.

Team Philippines puts finishing touches to solid SEAG campaign

HELD a very comfortable lead in the medal standings heading into the penultimate day of the 30th Southeast Asian Games on Tuesday, the Philippines put the finishing touches to its solid campaign by adding more hardware to its total haul.

Boxers deliver the medals for SEA Games host Philippines

LONG a steady source of medals for the Philippines in international competitions, boxing delivered once again for the country with a solid medal haul of seven gold, three silver and two bronze medals in the 30th edition of the Southeast Asian Games here.

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The 30th Southeast Asian Games is about to end its two-week run here and it has surely been an eventful one, filled with standout moments to take away from.

Pitcher bidding

Stephen Strasburg was a lock to return to the Nationals from the moment he entered free agency. That he opted out of his contract right before they celebrated their World Series victory served only to underscore the certainty of his continued tenure with the same franchise that drafted him first overall in the 2009 draft. He was a rock for them in the regular season, coming up with a career-high 18 wins through a National League-pacing 209 innings. He was even better in the playoffs, posting Major League Baseball’s first-ever 5-0 slate en route to claiming the Most Valuable Player award.

Peso climbs ahead of US data

THE PESO appreciated on Tuesday ahead of US inflation data and amid positive signals regarding the US-China trade war.
PSE bells

Stocks extend losses ahead of FOMC, BSP reviews

LOCAL SHARES continued to drop on Tuesday as investors chose to stay on the sidelines ahead of the policy meetings of the US Federal Open Market Committee (FOMC) and the Bangko Sentral ng Pilipinas.

Live coverage of massacre ruling allowed by tribunal

THE Supreme Court has allowed live media coverage of the promulgation of a decade-old case involving the massacre of more than 50 people in Maguindanao province set for Dec. 19.

Chinese drug suspect arrested at Manila airport

IMMIGRATION authorities said they have arrested a big-time Chinese drug lord on his way out of the country.

Duterte won’t seek martial rule extension

PRESIDENT RODRIGO R. Duterte won’t seek an extension of martial in Mindanao, citing decreasing crime in the region, his spokesman said on Tuesday.

Senate body to endorse extradition treaty with Russia

THE SENATE foreign relations committee is likely to endorse a proposed Philippine extradition treaty with Russia.

Salary increase for gov’t employees endorsed

TWO SENATE panels have approved a measure giving government employees their fifth round of salary increases.

Body wants motorcycle pilot program extended

A TRANSPORTATION department body has recommended a six-month extension of a pilot program for motorcycles as public transport.
hunger poverty

Agencies unite against poverty

GOVERNMENT agencies have signed a pact to create programs that will combat involuntary hunger among Filipino children.

Learning how to think

One of my first jobs right after college was teaching in a Franciscan missionary school in Baybay, Leyte. All of my schooling was done in private schools run by foreign missionaries; and since English was also a prime lingua franca within my family, it seems to me that I not only spoke in English, I thought in English.

Pat pat, slap slap

The 30th Southeast Games hosted by the Philippines will end on Dec. 11 with a spectacular show, if we are to base our expectations on the opening ceremony. But more than that, as the host country we will have set a new record in terms of the medal harvest -- well ahead of runner-up Indonesia, and the other participating countries, Vietnam, Thailand, Singapore, Malaysia, Myanmar, Cambodia, Brunei, Laos, and Timor Leste (listed according to the number of medals won).

Management’s guide to probationary employment

The never-ending tug of war between management prerogative and labor rights has long been recognized in our jurisdiction. While it may be true that the constitutional bias has always been in favor of the working class, it cannot be denied that management also has its own rights which are limited by labor laws, as well as principles of equity and substantial justice.

You reap what you sow

“Reaping what you sow,” a quote attributed to the Christian apostle Paul, is about action and consequences. It strikes at the core of the message of Secretary Roy Cimatu of the Department of Environment and Natural Resources (DENR) when he addressed top government officials and leaders of industry who came together in a forum organized by The Stratbase Group to share in the global crusade to sustain the environment and help save the future of mankind.

Paul Volcker was a remarkable public servant

WITH THE passing of Paul Volcker, a true public servant has departed. Mentor and role model to so many, Paul exhibited wisdom and longevity in equal measure. His contributions to central banking, and economic policy-making more generally, were truly extraordinary.

Four-year doping ban on athletes should scare all Russians

NOT EVEN a four-year ban on competing under the national flag and hosting major athletic competitions can force Russia -- that is, its political leadership and sports functionaries -- to admit they’ve done anything wrong. That’s a warning not just to athletes, but to all Russians: They’re hostages to their leaders’ bungling, pig-headedness, and siege mentality.

UPS launches new service enhancements to bolster Asian businesses

Additional enhancements promise faster, guaranteed delivery times and wider coverage, providing shippers with increased flexibility in the Asia Pacific region

Trade deficit narrows in October

The country's trade-in-goods recorded a lower deficit in October as imports continued to decline while exports were flat, the Philippine Statistics Authority reported this...

IBM pilots its P-TECH program, prepping Filipino students for the future of work

Under the P-TECH program, all students graduate with a high school diploma plus an associate degree in computer technology, preparing them for the future of “new collar jobs”.

PHL human dev’t improves but lags

THE PHILIPPINES remained at the bottom half of an index that tracks human development across economies despite an improvement in overall score, according to a United Nations report released on Monday.

How does Philippines’ human development compare with that of its peers?

THE PHILIPPINES remained at the bottom half of an index that tracks human development across economies despite an improvement in overall score, according to...

Meralco bills rising for 3rd month in a row in December

ELECTRICITY RATES for consumers in Metro Manila and surrounding areas will increase in December by P0.3044 per kilowatt-hour (/kWh) largely due to an overall increase in the power generation charge as a result of the higher cost at the spot market, Manila Electric Co. (Meralco) said on Monday.

Lawmakers seek more time to harmonize versions of proposed national budget

THE BICAMERAL CONFERENCE COMMITTEE reconciling versions of the P4.1-trillion national budget proposed for 2020 deferred anew the approval of the spending plan from Tuesday, leaders of both chambers said separately on Monday.

Online gaming fuels record-high office space demand

PHILIPPINE offshore gaming operators (POGOs) have fueled Philippine office space demand to a record-high 1.7 million square meters (sq.m.) in 2019, according to a report released by real estate service firm Leechiu Property Consultants (LPC) on Monday.

RLC, DoubleDragon team up for new project in Bridgetowne

ROBINSONS Land Corp. (RLC) and DoubleDragon Properties Corp. (DDPC) are partnering to develop a prime commercial lot adjacent to the former’s Bridgetowne township in Quezon City.

PHirst launches Calamba project

PHIRST Park Homes, Inc. (PPHI) continues to expand its portfolio in the Calabarzon area with the launch of its new residential project in Calamba, Laguna.

KKR, GIC complete investment in Metro Pacific hospital unit

METRO PACIFIC Investments Corp. (MPIC) has completed the deal for the P35.3-billion investment by United States-based Kohlberg Kravis Roberts & Co. (KKR) and Singapore fund GIC Private Ltd. in its hospital unit.

Film takes a look behind the scenes of filmmaking

A FILM about the unsung heroes of the film industry is what the Metro Manila Film Festival entry Write About Love is about, according to a production executive. The film explores the often personal journey a writer takes to create a screenplay.

Singapore still top real estate investment market

SINGAPORE is the top market for real estate investment prospects for 2020, according to a report by PricewaterhouseCoopers (PwC) and Urban Land Institute (ULI).
Insurance Commission

Microinsurance industry premiums rise

THE MICROINSURANCE industry grew in the first nine months of the year on the back of higher premium production and expanded client base, the Insurance Commission (IC) data showed.

As US Fed reiterates rate pause, forecasts seen blown off course

WASHINGTON — Friday’s booming US jobs report should give the Federal Reserve all it needs to stick to its plan not to cut interest rates further in the near future, so when US central bankers meet this week, most of the focus will be on their outlook for next year and beyond.

CLI boosts landbank in key cities

CEBU LANDMASTERS, Inc. (CLI) is boosting its landbank in key cities in Visayas and Mindanao, as it prepares to ramp up expansion in the next few years.

40 years of Filipino Experimental Cinema

AS WE celebrate the centennial of Philippine films, the UP Film Institute (UPFI) marks its 40th year of existence. Without the artistic and intellectual freedom, the institutional safe space which the UPFI provided, would we even have the likes of: Nick Deocampo, Tikoy Aguiluz, Butch Perez, Raymond Red, Lav Diaz, Khavn dela Cruz, Rox Lee, Tad Ermitano, Auraeus Solito (a.k.a. Kanakan Balintagos), the Agbayani, Alcazeren, and Hernando brothers, as well as the Dalena sisters Sari and Kiri, and a whole new generation of cinema creatives? As Deocampo, who is also a film historian, noted, the rise of Philippine experimental cinema coincided with the maverick Lino Brocka and Ishmael Bernal’s successfully challenging the commercial cinema juggernaut. He sees elements of the earliest Philippine Cinema which followed in the wake of the Propaganda Movement and the subversive playwrights whose sarsuela contained hidden messages, as a continuation of our unfinished revolution.

Amid rise of tech-enabled homes, Philips Hue introduces ‘smart’ lighting system

SIGNIFY, formerly Philips Lighting, is introducing a new smart lighting system to the Philippines.

GSIS set to start release of pensioners’ cash gifts

THE GOVERNMENT Service Insurance System (GSIS) will start releasing Christmas cash gifts next week, Dec. 15, to active old-age and disability pensioners.

PAL to launch Davao-Manado, Zamboanga-Kota Kinabalu flights

DAVAO CITY — Philippine Airlines (PAL) subsidiary Air Philippines Corp., also known as PAL Express, has agreed to serve the Davao-Manado and Zamboanga-Kota Kinabalu routes starting March 31 next year, Secretary Emmanuel F. Piñol, chair of the Mindanao Development Authority (MinDA), said over the weekend.