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Daily Archives: January 7, 2020 | 10:22 pm

Barangay Ginebra takes Game One, seizes early series lead

THE Barangay Ginebra San Miguel Kings got the early lead in their best-of-seven Philippine Basketball Association Governors’ Cup finals series after taking Game One over the Meralco Bolts, 91-87, on Tuesday at the Smart Araneta Coliseum.

DoF rejects claim of ‘onerous’ Kaliwa Dam loan

THE Department of Finance (DoF) said that the government maintains “strict standards” when dealing with foreign lenders, rejecting claims by a legislator that the loan agreements for the Kaliwa Dam and Chico River Pump Irrigation Projects have “onerous” provisions.

Diokno rejects ‘alarmist’ Mideast fears; cites $90 oil as red line

THE central bank governor remains bullish about the economy in 2020, noting that inflation remains “subdued,” and that growth assumptions will not be significantly dented until oil prices hit $90 per barrel.
Benjamin E. Diokno

BSP looking at rate cut to discourage hot money

THE central bank will consider another rate cut in the first quarter of 2020 in order to discourage hot money, according to Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno.
BSP

GIR hits record levels at end-2019 as trade deficit narrows

GROSS international reserves (GIR) hit record levels at the end of 2019, the Bangko Sentral ng Pilipinas (BSP) said, with analysts citing risk-on sentiment that drew foreign money out of safe havens, amid a narrower trade deficit.

Kuwait ban on new-hire domestics enforced

THE Bureau of Immigration (BI) started implementing the ban on deployment of newly-hired domestic workers to Kuwait, it said in a statement.

JICA, DoH launch relapse-prevention program for drug users

THE Japan International Cooperation Agency (JICA) and the Department of Health (DoH) have launched a project to train health professionals in preventing relapses among sufferers of drug dependence to help strengthen treatment and rehabilitation practices.
crane

Lack of clarity on corporate tax reform seen dampening foreign direct investments — HSBC

FOREIGN direct investments (FDI) in the Philippines will be dampened in 2020 by investors awaiting the final form of the corporate income tax law, an HSBC analyst said.

Japan trade deal failed to benefit PHL machinery

THE Japan Philippines Economic Partnership Agreement (JPEPA) negatively impacted machinery and mechanical exports even as it benefited Philippine exports overall, according to a study from the Philippine Institute of Development Studies.

China must cancel new coal plants to achieve climate goals

SHANGHAI -- China must end the construction of all new coal-fired power plants in order to meet long-term climate goals in the most economically feasible manner, according to a study co-authored by a government-backed research institute.

PHL, France discuss expanding agricultural cooperation

THE Philippines and France have met to discuss programs to improve agricultural cooperation and trade, the Department of Agriculture (DA) said.

Indonesia considers forcing gas producers to sell output to domestic distributors

JAKARTA -- Indonesia’s gas producers could be forced to sell a proportion of their output locally to ensure manufacturers can secure cheap supplies after they complained about high prices, according to a plan proposed by the country’s Industry Ministry.
sugar

SRA to allow sugar imports to replace US sugar

THE Sugar Regulatory Administration (SRA) said it approved an Export Replenishment Program that will allow exporters to import the same volume as they shipped out to the US in order to close the domestic sugar supply gap.

Stocks recover on Duterte’s offer to water firms

STOCKS recovered on Tuesday amid favorable developments in the local scene, and investors shrugging off the December 2019 inflation data, which was the fastest since June 2019.

Peso strengthens on inflation, GIR data

THE PESO strengthened on faster-than-expected inflation in December and following an all-time high dollar reserve level as of end-2019.

Defense and Foreign Policy Outlook:The Administration’s reluctant partner in appeasing China

The Armed Forces of the Philippines (AFP) is the administration’s reluctant partner in its appeasement policy on China. The Philippine military has been very wary of closer Philippine-China economic relations in particular, and on the so-called “pivot to China” in general. The wariness stems from the fact that it has a long and close relationship with United States Armed Forces.

American TNTs in the Philippines?

The term “TNT” refers to Pinoys in the US who are hiding (tago nang tago) from immigration officials because of their illegal status. This year, TNT may also mean US citizens hiding from Philippine immigration officials because they are in the country illegally.

Memo to your file

THERE WAS a time, not more than two decades ago, when memos were addressed to other people and typed by secretaries in the form of paper correspondences, with multiple copies too if individuals other than the addressee needed to be in the loop. “Memo” is short for “memorandum” from the Latin, to bring to remembrance.

Bushfires reap what Australia’s carbon exports have sown

AUSTRALIA isn’t what the world thought it was.

Putin now needs a Plan B on Iran

IRANIAN GENERAL Qassem Soleimani, killed last week by a US drone in Baghdad, has been credited with persuading Russian President Vladimir Putin to intervene militarily in Syria in 2015, a claim the Kremlin denies. Regardless of the truth of that particular story, though, the inevitable escalation following Soleimani’s death has the potential to change Putin’s calculus in the region.

Olympic dream continues for Philippine Volcanoes

THEIR quest to book a spot in the Olympic Games in Tokyo, Japan, this year may be over but the Philippine Volcanoes are not losing hope that they would make their way eventually to the quadrennial sporting spectacle some day.

Forced evacuation of Filipinos in Iraq sought

THE country’s special envoy to the Middle East has recommended the forced evacuation of Filipino workers in Iraq amid escalating tensions between the United States and Iran.

DeRozan, Mills power Spurs’ rout of Bucks

SAN ANTONIO -- DeMar DeRozan scored 25 points, and Patty Mills added 21 off the bench as the San Antonio Spurs waltzed past the visiting Milwaukee Bucks 126-104 on Monday in the Alamo City, snapping a two-game losing streak.

Marcos seeks vote review; Robredo wants case junked

THE son of the late dictator Ferdinand E. Marcos has asked the Supreme Court to re-examine its vote recount for the 2016 vice presidential race after the results increased his rival’s lead.

Derrick Pumaren returns as Green Archers coach

A FAMILIAR face returns at the coaching helm of the De La Salle University men’s basketball team as champion coach Derrick Pumaren has been named head coach.


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Dallas Cowboys appoint McCarthy as head coach

DALLAS -- Mike McCarthy is the new head coach of the Dallas Cowboys.

Patriots’ Kraft praying Brady won’t play elsewhere

NEW ENGLAND -- A rare first-round loss in the playoffs has the New England Patriots entering the offseason surrounded by unprecedented levels of drama and uncertainty.

What a decade it was (part 1)

As the Year 2019 dropped the curtain last week, so did the decade of the 2010s, a stretch that proved to be a solid one for Philippine sports with a number of feats and achievements notched as well as landmark events which enhanced the local sporting scene for the now and the future.

Rebooting Thunder

When resident All-Star Paul George scuttled offseason bliss in asking for a trade to the Clippers, Thunder general manager Sam Presti wasted no time pivoting towards a rebuild. Make no mistake; the request (more like a demand, really) was a shock to the senses, and not just because it came a mere year after the National Basketball Association’s second-leading scorer dramatically re-upped with the franchise. Nonetheless, he knew what he had to do, and proceeded to milk the prospective recipient for all that his departing asset was worth. The record haul of two starter-level players and a bevy of draft picks set him up for a future filled with hard work, but fueled by optimism.
Liberal Party

Liberal Party says killings won’t solve PHL’s drug menace

THE Liberal Party on Tuesday called on the government of President Rodrigo R. Duterte to heed the advice of the country’s opposition leader about the drug war, saying the reckless killings of drug suspects will not solve the menace.

7 of 10 Filipinos think cops recycle illegal narcotics

MORE than seven of 10 Filipinos think some rogue cops recycle illegal drugs seized in legitimate police operations, according to the latest Social Weather Stations (SWS) poll.

SC, lower courts in Manila closed Thursday

THE SUPREME Court has suspended work on Jan. 9 in consideration of the expected traffic congestion in Manila as Catholic devotees hold the annual procession of the Black Nazarene.

Iloilo City prepares to bid out infra projects for this year

CONSTRUCTION OF several buildings and the rehabilitation of public markets and plazas are among the top priorities of the Iloilo City government this year and bidding for the projects are already being prepared, according to Mayor Jerry P. Treñas.

Zamboanga mayor asks water district to reconsider rate hike proposal

ZAMBOANGA CITY Mayor Maria Isabelle Climaco-Salazar wants the water supply distributor to defer its proposed rate hike and first reassess its operations.

Davao Region council thumbs down peace talks resumption as local governments pursue community-based programs

THE DAVAO Regional Peace and Order Council has voiced its opposition to the planned resumption of peace talks between the government and the National Democratic Front (NDF), the political arm of the communist rebellion.

Nationwide round-up

JOEL JOSEPH S. Marciano, Jr. will be leading the Philippine’s space program following his appointment as the first director general of the newly-established Philippine Space Agency (PhilSA).

Nation at a Glance — (01/08/20)

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

Factory output continues to decline in November

Factory output declined for the twelfth straight month in November, the Philippine Statistics Authority (PSA) reported earlier this morning. Preliminary results from the PSA's Monthly...

December inflation fastest in six months

The overall year-on-year pace in the prices of widely used goods picked up for the second straight month in December by its fastest pace...

Ampatuan massacre principal suspect arrested in Maguindanao

ONE OF the principal suspects in the 2009 Maguindanao massacre, also among the 80 who have evaded arrest for a over a decade, was arrested on Monday in Maguindanao, the police reported.

Nationwide round-up

POLICE officer-in-charge Lt. Gen. Archie Francisco F. Gamboa has ordered overweight cops to shape up or lose opportunities for career advancement trainings and promotion.

Nation at a Glance — (01/07/20)

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

Inflation accelerates in November for low-income households (2019)

INFLATION, as experienced by low-income families, accelerated in November after five straight months of slowing down, the Philippine Statistics Authority (PSA) reported on Monday....

Inflation impact on poor picks up in Nov.

INFLATION, as experienced by low-income families, accelerated in November after five straight months of slowing down, the Philippine Statistics Authority (PSA) reported on Monday.

Duterte signs record P4.1-T spending plan

PRESIDENT Rodrigo R. Duterte has signed the P4.1-trillion 2020 budget, his government’s largest spending plan to date, with expenditure focused on social services and infrastructure.