Home 2020 January 8

Daily Archives: January 8, 2020 | 10:03 pm

Direct flights to regional airports driving tourist arrival targets

THE Department of Tourism (DoT) said its target of 9.2 million international visitors this year is driven by more airport development projects which allow tourists to bypass Manila’s congested airport.

DoJ’s Guevarra urges water firms to accept ‘fair’ new contracts

JUSTICE SECRETARY Menardo I. Guevarra urged Metro Manila water concessionaires not to “play hardball” after President Rodrigo R. Duterte offered the service providers new agreements under threat of nationalization and possible plunder and fraud charges.
Sangley Airport

Sangley to be launched as general aviation hub in February

THE GOVERNMENT will inaugurate Sangley Airport in Cavite on Feb. 15, positioning it as the main hub for general aviation to decongest Metro Manila’s main gateway.

Veto-less budget message imposes conditions

THE NEWLY SIGNED 2020 national budget amounting to P4.1 trillion passed without any veto from President Rodrigo R. Duterte, though he imposed conditions on some spending items.
Department of Budget and Management (DBM)

DBM sees cash-based budgeting improving spending performance

THE Department of Budget and Management (DBM) said it expects improved spending performance from the government on 2020 budget items, due to the cash-based budgeting system currently in force.

Philippine nickel output seen growing at about 8% a year

NICKEL production is expected to increase by over 8% a year in the next few years despite policy uncertainty that could limit project development, Fitch Solutions Macro Research said in a report.

Palay farmgate price resumes upward trend in early December

THE AVERAGE farmgate price of palay, or unmilled rice, resumed its upward path in the first week of December, rising 0.4% to P15.62 per kilogram (kg), the Philippine Statistics Authority (PSA) said.
Pantabangan farm road

Davao business chamber volunteers services for farm logistics upgrades

DAVAO CITY’s business chamber has offered to work with the Department of Agriculture (DA) and the Department of Trade and Industry (DTI) to plan for improved farm logistics.
DoF main office

Inflation target range implies 0.3% cap on price growth month-on-month — Finance dep’t

PRICE gains in general goods need to be capped at 0.3% month-on-month this year for inflation to land within the official 2-4% target range in 2020, according to an economic bulletin issued by the Department of Finance (DoF).

Stronger fourth quarter GDP expected on strong jobs data — UA&P, FMIC

FOURTH QUARTER gross domestic product (GDP) likely ended on a “stronger” note with positive employment and lower poverty data boosting investment during the period, the University of Asia and the Pacific (UA&P) and the First Metro Investment Corp. (FMIC) said.

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A new year for us and for CITIRA

With the close of the decade, we have seen how Philippine taxation has been transformed by numerous developments unfolding in the landscape. Several changes that are in the works may make progress in the coming months. One of them is the second package of the tax reform, which proposes to rationalize tax incentives.

Main index drops as US-Iran tensions escalate

THE MAIN INDEX returned to red territory on Wednesday after investors shied away from the market due to increasing tensions between the United States and Iran.

Peso edges sideways

THE PESO moved sideways on Wednesday as it was supported by the influx of remittances amid risk-off sentiment arising from escalating geopolitical tensions in the Middle East.
Roy A. Cimatu DENR

Manila troops to help evacuate Filipinos in Iraq

By Charmaine A. Tadalan, Vincent Mariel P. Galang and Vann Marlo M. Villegas, Reporters THE Philippines will send troops to help evacuate Filipinos from Iraq, where...
Department of Budget and Management (DBM) facade

Budget dep’t says P1.9B ready for Filipinos’ transfer

THE Budget department on Wednesday said funds are in place for the evacuation of Filipinos in the Middle East amid ongoing tensions between the US and Iran.

Prosecutors to probe recruiter of dead Filipina in Kuwait

GOVERNMENT prosecutors will look at the possible liability of the recruiter of an Overseas Filipino Worker (OFW) who died in Kuwait, Justice Secretary Menardo I. Guevarra said on Wednesday.

Duterte appoints new high court justice

PRESIDENT Rodrigo R. Duterte has appointed a Court of Appeals Justice to the Supreme Court.

Duterte vows to jail officials for ‘onerous’ water deals

PRESIDENT Rodrigo R. Duterte on Wednesday vowed to prosecute officials responsible for onerous provisions in the government’s contracts with water utilities.

BuCor chief, 2 others acquitted of homicide

A PARAÑAQUE City court has acquitted Bureau of Corrections (BuCor) Director General Gerald Q. Bantag and two other jail officers of homicide charges over the 2016 explosion at the city jail, where 10 inmates were killed.

Iloilo City eyes regulation for online businesses, food trucks

THE ILOILO City Business Permit and Licensing Office (BPLO) sees the need to come up with local regulation for online businesses and food trucks as the number of such enterprises is on the rise.

Anti-ASF task force burns boxes of pork products from Luzon

HOTDOG and sausage products containing pork, which were shipped in from Luzon, were burned on Wednesday by Cagayan de Oro City’s Anti-African Swine Fever (ASF) Task Force in collaboration with the National Veterinary Quarantine Services’ (NVQS) Misamis Oriental office.

DCOTT pushes for 2 new bus terminals

THE DAVAO City Overland Transport Terminal (DCOTT) management is pushing for the immediate construction of two new bus terminals, one each in the northern and southern areas, as the existing lone facility could no longer handle the increasing number of provincial buses.

Nationwide round-up

VICE PRESIDENT Maria Leonor G. Robredo defended her report tagging the Duterte administration’s drug war as a “massive failure,” citing that her office was “very careful” in its preparation and that all data were taken from government agencies.

Eulogy Virtues

“A good name is better than fine perfume, and the day of death better than the day of birth.” -- Ecclesiastes 7:1

Are we Good As Gone?

If some of our people have little regard for their own safety, can we still expect them to have any regard for the safety of the rest of us? Self-preservation is a natural instinct. And yet, with the way some of us conduct ourselves, this does not seem evident. And with this being the case, then maybe little to nothing can be expected from us with respect to the preservation of others.

Inflation, transportation, and production

Regional and global inflation has been generally rising over the last two months of 2019. The Philippines reached its lowest inflation since around 2016 of only 0.8% last October, then a quick uptick to 2.5% by December (see Table 1).

The Internet has become a cluttered, proprietary mess

THE INTERNET was built on open standards and interoperability, but networks tend to balkanize.

Why 2020 is harder to predict than 2019 was

MY MAIN PREDICTION for 2020, if it can be called a prediction, is trend exhaustion: For the first time in a long while, several important trends have come to an end.

Nation at a Glance — (01/09/20)

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

Black hopes bench steps up in bounce back bid

OUTLASTED in Game One of their best-of-seven Philippine Basketball Association Governors’ Cup final series on Tuesday, the Meralco Bolts look to bounce back against the Barangay Ginebra San Miguel Kings in Game Two, hopefully with help from their bench.

Chooks-to-Go’s sports thrust set to expand with planned 3×3 basketball league for women

ALREADY a steady supporter of Philippine sports the past few years, Chooks-to-Go is set to expand its sporting thrust with a planned 3-on-3 basketball league for women beginning in February.

Ceres-Negros gearing up for tough challenge in AFC Champions League

TOP local club football team Ceres-Negros FC begins its 2020 campaign next week, starting with the preliminary stage of the AFC Champions League (ACL).

Thunder stay hot with OT win vs struggling Brooklyn Nets

NEW YORK -- Chris Paul scored 28 points and hit two clutch shots in overtime as the surging Oklahoma City Thunder outlasted the slumping Brooklyn Nets 111-103 Tuesday night in New York in the second night of a back-to-back for both teams.

Kenneth Chua claims rare five-straight Prima Bowler of the Year award

KENNETH Chua claimed an unprecedented five-straight Prima Pasta Bowler of the Year award recently during the 2019 Team Prima Annual Awards at the V Corporate Centre in Makati City.

Magnus is Blitz Champion

Five years ago Carlsen won both the Rapid and Blitz Chess Championships in the same year -- this was in 2014 Dubai. Since he was also Classical World Champion at that time he became a “Triple Crown” winner. Garry Kasparov compared the feat to “winning tennis slams on clay, grass and hard court.” Well, he has done it again! Two days after winning the Rapid he tied with Hikaru Nakamura for the Blitz title and won the playoff. He is now the reigning World Champion in classical, Rapid and Blitz.

On trading block

Kevin Love had an outstanding game yesterday. It was by far his most productive in recent memory, and the Cavaliers needed every single one of his 30 points on 15 shots (along with nine rebounds and four assists) to keep pace with the undermanned Pistons, who nonetheless managed to snatch victory from apparent defeat with resilient play. Needless to say, his elevated numbers vis-a-vis his season averages stemmed from an avowed desire to let his playing do the talking following a spate of events in which he displayed unprofessional behavior. “I wasn’t acting like a 31-year-old. I was acting like a 13-year-old,” he admitted. “That was not me.”

Duterte offers new water contracts

PRESIDENT Rodrigo R. Duterte is offering new contracts to Metro Manila’s two water concessionaires, but warned the government will take over water distribution services and pursue charges against Manila Water Co., Inc. and Maynilad Water Services, Inc. should they reject the new terms and conditions.

Headline inflation rates in the Philippines (December 2019)

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

December inflation fastest in six months

THE OVERALL year-on-year increase in prices of widely used goods picked up for the second straight month in December by its fastest pace in six months, the government reported on Tuesday.

Factory output extends slump to 12th straight month in November

FACTORY output declined for the 12th straight month in November, the Philippine Statistics Authority (PSA) reported yesterday.
Baguio landscape skyline

Baguio prepares to reopen city’s airport

THE Baguio City government is looking to reopen the Loakan Airport for commercial flights by the second quarter of the year, its top official said on Tuesday.

Rates on 3-year bonds rise on inflation report

THE GOVERNMENT partially awarded the reissued three-year Treasury bonds (T-bonds) it offered on Tuesday as rates climbed due to faster-than-expected inflation data.

Gokongwei’s JG Summit buys more shares in PLDT

JG SUMMIT Holdings, Inc. has acquired a bigger stake in PLDT, Inc. to give it at least a 10th of the shares in the telecommunications services provider, the Gokongwei-led firm told the stock exchange on Tuesday.

Singapore digital banking race heats up with 21 license bidders

SINGAPORE — Singapore has drawn huge interest from technology firms looking to shake up the city-state’s banking landscape, attracting 21 applications for five digital bank licenses on offer.

Grab Philippines seeks approval to revive motorcycle taxi service

RIDE-HAILING firm Grab Philippines is seeking to revive its motorcycle service, Grab Bike, to help provide “affordable and agile transport solutions” to commuters.