Home 2020 January 1

Daily Archives: January 1, 2020 | 9:20 pm

cigarettes sin tax

Tobacco excise tax reduced consumption, think tank finds

HIGHER excise taxes on tobacco products helped reduce consumption, but the impact of increased prices on alcohol and petroleum products was minimal, state think tank said.

NEDA issues national transport policy implementing rules

THE National Economic Development Authority (NEDA) released on Monday the Implementing Rules and Regulations (IRR) of the National Transport Policy.

Senate panel declares POGO investigation a priority when session resumes

THE Senate Committee on Labor, Employment, and Human Resources Development has set as a priority an investigation on the Philippine Offshore Gaming Operators (POGOs) industry when legislative session resumes, its Chairman said.
Bataan Nuclear Power Plant (BNPP)

Gov’t departments vetting proposed nuclear policy

THE Energy department said other government agencies are now vetting the atomic energy policy it proposed to Malacañang, the outgoing head of the Nuclear Energy Program Implementing Organization (NEPIO) said.
DENR logo

DENR wants LGUs to impose penalties in addition to RA 9003

THE Department of Environment and Natural Resources (DENR) said it is encouraging local government units (LGU) to pass ordinances penalizing improper trash disposal over and above the penalties laid out in Republic Act (RA) No. 9003.
chick chicken poultry

Poultry imports rise amid ASF; oversupply seen

IMPORTS of day-old chicks (DOC) -- the key raw material for the poultry industry -- rose 8% year-on-year in the nine months to September, the Department of Agriculture (DA) said.

CITEM sets $336-M export order target from events lineup

THE Center for International Trade Expositions and Missions (CITEM) set a $336 million target for export orders across its events for 2020.
Court of Tax Appeals-CTA

CTA grants Philsaga bid to cancel P339-million tax deficiency

THE Court of Tax Appeals (CTA) has ruled in favor of a mining firm and cancelled its claimed tax deficiency of P339 million for the fiscal year ending June 2013.

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Holding companies not subject to LBT on passive income

The start of a new year (and in this case, the closing of a decade) is usually filled with hope and optimism. People generally scribble their resolutions, looking forward to another year of achieving more goals and milestones. For finance and accounting practitioners, the new year also marks the beginning of busier times ahead (especially those in companies that follow the calendar year as their accounting period), starting with the closing of accounting books and typically ending with the filing of the annual income tax return.

Peso seen weakening this year

AFTER REBOUNDING against the greenback in 2019, the peso might weaken this year on the back of a possibly wider trade deficit and as investors wait on the sidelines for the clarity of some business-related rules in the country.

Shares to climb on budget’s signing, trade deal

LOCAL SHARES are seen to move upwards on the first trading day and week of 2020 as investors expect the signing of the national budget for this year and positive developments in the US-China trade war.
business people silhouette

Critical thinking for business leadership

Business leaders need to exercise more critical thinking to avoid and solve the problems businesses have caused in the last two decades. While business has created massive economic growth all over the world and lifted billions out of poverty, chronic management malpractices have also harmed consumers and worsened income inequality, environmental damage, and psychological and health issues for so many workers.

What we learned from 2019’s worst PR disasters

AS A PUBLIC relations professor, I know a few of my fellow professionals can be counted on to do things that keep my students’ jaws dropping in class each week -- and, like 2018, this year was no exception. Here are the five decisions that beat out stiff competition to rank as the worst corporate PR moves of 2019.
Bangsamoro supporters

Parliamentarism in BARMM: Important considerations

Article IV, Section 3 of Republic Act No. 11054 -- otherwise known as the Organic Law for the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) -- states that “the Bangsamoro Autonomous Region shall have a parliamentary form of government.” This is repeated in Article VIII, Section 1 on the Wali: “Consistent with a parliamentary form of government, there shall be a Wali who shall serve as the ceremonial head of the Bangsamoro Government.”

Education as the premise of progress

The Philippine Constitution clearly states that “the State shall protect and promote the right of all citizens to quality education at all levels of education and shall take appropriate steps to make such education accessible to all.”

Top 10 economic news stories of 2019

Here is my modest list of the major economic events this year, from international, to regional, to national news.

A decade of climate science confirmed what we already knew

OVER THE LAST DECADE, scientists learned a great deal about the climate, much of it concerning the connection between global warming and extreme events -- heat waves, hurricanes, floods, droughts, and wildfires.
Department of Foreign Affairs (DFA)

Gov’t watching reported abduction of Filipino seafarers in Cameroon

THE Philippines is monitoring the reported kidnapping of eight mariners of an oil tanker from a port in Cameroon, two of which were Filipinos, the Foreign Affairs department said in a statement on Wednesday.

NBI probing terror links in bombings

GOVERNMENT agents are looking at a possible terrorist link in the bombings in two Mindanao provinces on Dec. 22, Justice Secretary Menardo I. Guevarra said on Wednesday.

New Year’s day clean-up

Waste management personnel in the cities of Valenzuela and Manila get to work early on Jan. 1 to clean up streets and other public spaces after the New Year revelry.

Eventful 2019 for Philippine football

THE YEAR 2019 saw Philippine football churn out a mixed bag of results across various levels but nonetheless had it eventful and left much to take cue from moving forward. Thus, said one local observer of the sport.

In typhoon’s aftermath, Capiz underscores need for Panay River Basin project

THE ENTIRE province of Capiz was flooded, with water rising to as high as five meters in some areas, after typhoon Ursula (international name: Phanfone) dumped rain across the Visayas and parts of Luzon islands last Christmas.

Harden hits 35 to lead Rockets over Nuggets

JAMES HARDEN and Russell Westbrook combined for 63 points, and the host Houston Rockets avenged an earlier loss to the Denver Nuggets with a 130-104 win Tuesday.

Doncic latest addition to Jordan Brand endorsers

HAVING A solid start to his second year in the National Basketball Association, Dallas Mavericks sensation Luka Doncic recently added Jordan Brand ambassador to his growing list of accomplishments in his young NBA career.

Nationwide round-up

THE DEPARTMENT of Labor and Employment (DoLE) has issued a warning against a fraudulent e-mail claiming to be associated with the agency and asking for cash donations.

Filipino Pacatiw triumphs, makes history in Brave CF

JEREMY PACATIW saved the night for Filipino fighters in Saudi Arabia as he came out victorious against former title contender Felipe Efrain at “Brave CF 33” on Dec. 27, which took place at the Prince Abdullah Al Faisal Stadium, in Jeddah. In the biggest victory of his young career, “The Juggernaut” marked an extremely important landmark, as he is now the first-ever BRAVE CF fighter with 10 fights for the promotion.

Street parking fees in Davao City take effect

PARKING FEES took effect Jan. 1 along seven roads in the central part of Davao City. The initial streets covered under the new public pay parking zones are: San Pedro, Ilustre, Pelayo, Iñigo, Villa Abrille, Monteverde, and Duterte.

Candidates lineup

The FIDE Grand Prix concluded last Dec. 23 with the victory of GM Ian Nepomniachtchi in the Jerusalem leg and after that the participant list in the March 2020 Yekaterinburg Candidates Tournament was finalized.

Mindanao business leaders cheer martial law-free 2020, but calamity fright seen as headwind

DAVAO CITY — With the lifting of martial law effective Jan. 1 after blanketing Mindanao for over two years, business leaders are optimistic of a more robust growth, but at the same time stressed the need for strengthening disaster resilience following the series of earthquakes that struck parts of the southern mainland in the fourth quarter of 2019.

Nation at a Glance — (01/02/20)

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

More than mere spoilers

The Raptors simply met expectations in winning yesterday, but it was a welcome development all the same. Not that preying on the lowly Cavaliers in and of itself constituted progress; for all their trials, they couldn’t but have walked out of Scotiabank Arena with victory in their grasp. Still, the fact that they managed to preserve their unblemished run against opponents deemed below their talent level four-tenths into a supposedly lost season speaks volumes of their resiliency. Their roster may be absent Finals Most Valuable Player Kawhi Leonard, but it remains proud of -- and, more importantly, revels in showing -- its championship pedigree.