Home 2020 January 16

Daily Archives: January 16, 2020 | 10:02 pm

Climate change seen reducing outdoor work, dampening growth

EXTREME heat caused by climate change puts the Philippines at risk of losing many hours of outdoor work in industries like construction or farming, dampening economic growth, the McKinsey Global Institute said.

DoF to seek lower DST, warns TIEZA could lose travel tax

FINANCE Secretary Carlos G. Dominguez III said Thursday he will seek to lower the documentary stamp tax (DST) to restore the Department of Finance’s original program when it proposed legislation that later became the Tax Reform for Acceleration and Inclusion Act (TRAIN).
cargo crates container port

Cayetano commits to pass measure to lower shipping fees

THE House of Representatives has committed to pass a measure to regulate shipping rates to ultimately lower costs for consumers, Speaker Alan Peter S. Cayetano said.

Gov’t urged to find better destinations for OFWs

SENATOR Sherwin T. Gatchalian said Thursday that the government needs to find other possible destinations which are safer for household workers following the death of another domestic helper in Kuwait.

Gov’t forms anti-hunger task force led by Nograles

THE government has formed a task force to eradicate hunger in order to help achieve one of the Sustainable Development Goals (SDG) under the United Nations 2030 Agenda.

Poultry prices expected to remain stable following Taal ashfall

POULTRY PRICES are expected to remain stable amid calamity conditions just south of Metro Manila, with a full eruption of Taal Volcano in Batangas still not ruled out.

Palay farmgate price rises 0.1% in mid-December

THE average farmgate price of palay, or unmilled rice, rose 0.1% week-on-week in the second week of December to P15.64 per kilogram (kg), the Philippine Statistics Authority (PSA) said.

Fitch Solutions says drug price controls a threat to pharma multinationals

FITCH SOLUTIONS Macro Research said the government’s plan to impose price controls on a list of widely-used drugs will be positive for the market over the long term but will likely threaten the operations of multinational drugmakers, whose business models are based on expensive medicines under patent protection.
Carlos G. Dominguez III

IRA ruling could see more functions shifted to LGUs

THE government could respond to a Supreme Court ruling increasing local governments’ share of national government revenue by shifting more of its functions to the local level, Finance Secretary Carlos G. Dominguez III said.
faucet running water

PHL agreed to water terms in 1997 when fiscal position was weak — Dominguez

THE Philippines “gave up its sovereignty” in negotiating the water privatization contracts in 1997 at a time when the government could not improve its water distribution system using its own resources, Finance Secretary Carlos G. Dominguez III said.

Shares extend decline following US-China deal

PHILIPPINE STOCKS continued to decline on Thursday as investors chose to flock to Wall Street amid lingering concerns following the signing of the phase one trade deal between United States and China.

Peso declines further vs dollar despite signing of US-China deal

THE PESO weakened on Thursday even after the signing of the phase one deal between the United States and China, suggesting that markets may not be fully convinced of the positive impact of the landmark agreement on tariffs between the two countries.

DTI offers loans to shops near Taal Volcano

THE Department of Trade and Industry (DTI) is offering P50 million in loans to businesses that will either rebuild structures damaged by Taal Volcano’s eruptions or relocate there.

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QC ordered to pay relatives of dump site victims

A QUEZON CITY court ordered the local government to pay P6.27 million in damages to 57 relatives of the victims of a dump site tragedy that killed about 300 people two decades ago.

Retired police chief to be indicted for graft

THE Department of Justice (DoJ) has endorsed the indictment of President Rodrigo R. Duterte’s former police chief for corruption.

P35M evacuation center in Manaoag ready for use

A NEW evacuation center in Manaoag, Pangasinan has been completed at a cost of P34.74-million, the Department of Public Works and Highways (DPWH) said on Thursday.

Retired Air Force chief to head PNOC-EC

FORMER PHILIPPINE Air Force (PAF) chief Lozzano D. Briguez, who retired from the post on Thursday, will be appointed to head the exploration arm of the Philippine National Oil Company (PNOC).

CLI eyes provincial property near Cebu IT Park

CEBU Landmasters, Inc. (CLI) has expressed interest to develop a 6,000-square meter prime property across the Cebu IT Park owned by the Cebu provincial government.

Last Abu Sayyaf captive rescued

THE LAST captive of the kidnap-for-ransom Abu Sayyaf Group was rescued Wednesday in Sulu, the military reported.

Iloilo City mayor warns businesses without permit face closure starting Jan. 21

BUSINESS ESTABLISHMENTS in Iloilo City without a valid permit by January 21 will face automatic closure, the mayor warned.

Nationwide round-up

President awaits report on alleged overpriced speed guns PRESIDENTIAL SPOKESPERSON Salavador S. Panelo said President Rodrigo R. Duterte will “act accordingly” after the Department of...

Nation at a Glance — (01/17/20)

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

Taal Volcano is a test of the Philippines’ disaster plan

SMOKE AND ASH erupted Sunday from the Taal volcano in the Philippines, with the plume rising almost nine miles into the atmosphere and threatening hundreds of thousands of people. The Philippine government mobilized quickly. By Wednesday, more than 38,000 people were staying in evacuation centers, and many thousands more had dispersed to family throughout the country. Meanwhile, the government began to distribute supplies, including 100,000 protective face masks, in and around the eruption zone. There’s little time to waste: Volcanologists are warning that a hazardous eruption could come at any time.

No reason in this madness

As irresponsible and as criminal as United States President Donald Trump’s decision to have Iran’s General Qasem Soleimani assassinated may appear to be, there were at least two reasons of a sort in its madness.

A president of lesser violence

Vociferous doubts continue regarding the legality of the US’ drone strike that killed Iranian General Qasem Soleimani. The crucial factor remains the unknown facts, over which hinges the applicable law and its implications.

Island interlude

The island offers a brief interlude from the oppressive urban congestion and frenzy. One finds instant relief. The city’s opaque toxic haze blurs and dissipates in the distance. The white cumulus clouds and the cerulean blue sky are a serene sight for world-weary eyes.

Tao po!

SANDWICHED between the mountains Banahaw and San Cristobal in the province of Quezon, Dhamma Phala, a meditation center, is surrounded by scores of coconut and mango trees and banana plants. The sky there is so blue and clear it seems as if it is possible to reach out and touch it.

Libya explains why Turkey has no friends

IT IS HARD to credit now, but there was a time, only a decade ago, when Turkey described its foreign policy doctrine as one of “zero problems with our neighbors.” But since then, Ankara has burned its boats with Israel over the Gaza Freedom Flotilla; angered Egypt by bitterly criticizing Gen. Abdel-Fattah el-Sisi’s military coup and supporting the Muslim Brotherhood; broken with Syria by assisting anti-Assad rebels (and more recently, invading the country’s northeast, there to forcibly repatriate refugees); and antagonized Saudi Arabia and the United Arab Emirates by siding with Qatar against their embargo.

Gin Kings go for closeout of PBA Governors’ Cup finals

HOLDING a commanding 3-1 lead in their best-of-seven Philippine Basketball Association (PBA) Governors’ Cup finals series, the Barangay Ginebra San Miguel Kings are out to close out the Meralco Bolts in Game Five today at the Mall of Asia Arena in Pasay City.

Executive Kennedy says Boston Red Sox won 2018 title fairly

BOSTON -- Whether the Boston Red Sox’s 2018 World Series title was won legitimately is up for debate after Alex Cora was involved in sign-stealing scandals in back-to-back seasons with the 2017 champion Houston Astros and Red Sox.

Red Sox part ways with GM Cora for role in Houston’s sign cheating

BOSTON -- The Boston Red Sox said on Tuesday they were parting ways with General Manager (GM) Alex Cora in the wake of a sign-stealing scandal involving the Houston Astros, where Cora had been the bench coach, during their World Series-winning 2017 season.

Standhardinger credits BPC award to ‘working’ Batang Pier system

BIG MAN Christian Standhardinger won his first major individual award in the Philippine Basketball Association (PBA) on Wednesday after being named the Best Player of the Conference (BPC) in the ongoing Governors’ Cup.

After a rough 2019, Eduard Folayang angles to start new year better in ONE...

FILIPINO fighter Eduard “Landslide” Folayang begins 2020 with ONE Championship later this month as he is featured in the main card for “ONE: Fire & Fury” on Jan. 31 against Pakistani Ahmed “The Wolverine” Mujtaba.

Wozniacki to head into retirement, loved but legacy unsure

MELBOURNE -- Caroline Wozniacki will, fittingly, take her final bow over the next fortnight at Melbourne Park, the scene of her only Grand Slam victory in a career that earned her praise for her tenacity and approachable character but also saw her acquire detractors.

UTP recognizes top tennis athletes

THE country’s premier tennis organization has given recognition to 2019’s tennis superstars who have brought home glory to the Philippines in a recent awarding ceremony held on Jan. 7 in Makati.

Father-daughter to compete in 3rd Chooks-to-Go National Rapid Chess Championships

FORMER Polytechnic University of the Philippines (PUP) Chess Team standout Roberto M. Racasa and his daughter (country’s youngest Woman Fide Master) Antonella Berthe M. Racasa will showcase their talents in the upcoming 3rd Chooks-to-Go National Rapid Chess Championships slated on Jan. 25 at the Exhibition Hall 5/F, Ayala Malls Manila Bay in Parañaque City.

MLB scandal

“Don’t cheat to cheat” is essentially how Major League Baseball wants all and sundry to view its prohibition on the use of any and all forms of technology to decode signs. Having already thrown the book at the Astros for providing batters with otherwise-privileged information through extra-legal means, the Commissioner’s Office is slated to do the same to the Red Sox once its probe ends. To be sure, its intent is clear; it wants to free the sport of suspicions on its integrity and commitment to fair play. Using circumstantial advantages -- such as when a runner is in second base and able to see the opposing catcher’s gestures -- is one thing. Tapping other parties with access to electronic equipment in order to get ahead is quite another.

Schneider Electric calls for student pitches around sustainable energy innovations

Participants will get the chance to compete for a trip to the Schneider Electric Innovation Summit in Las Vegas. Deadline for submissions is on Feb. 16, 2020

Francis Kong, Jason Magbanua headline pop-up campus New Bold University

Three hundred participants will be joining this year’s six-day course, where they will be hearing from over 20 speakers on topics spanning entrepreneurship, freelancing, e-commerce and social enterprises.

Remittance growth slows in Nov.

MONEY sent home by overseas Filipino workers (OFWs) recorded its slowest pace of growth in nearly five months in November due to lingering global uncertainties.

How do the Philippines’ laws and regulations compare with those of other economies in...

LEGAL gender equality in the Philippines slightly improved after it enacted a law that increased the duration of paid maternity leave, according to a...

Legal gender equality improves in Philippines

LEGAL gender equality in the Philippines slightly improved after it enacted a law that increased the duration of paid maternity leave, according to a World Bank (WB) study.

Taal eruption may push prices of pork, chicken higher as supply tightens

FOOD PRICES, particularly of chicken and pork, may spike if the unrest at Taal Volcano in Batangas continues, as the Calabarzon Region is considered as a major source of livestock in the country, according to an economist.

Pepsi-Cola prompts antitrust body of Lotte acquisition offer

PEPSI-COLA Products Philippines, Inc. (PCPPI) has notified the Philippine Competition Commission (PCC) regarding the plan of majority shareholder Lotte Chilsung Beverage Co. Ltd. to increase its stake in the company.

PSE fines electronics holding firm for disclosure violations

CIRTEK Holdings Philippines Corp. has been fined by the Philippine Stock Exchange, Inc. (PSE) for violations of its disclosure rules and doing transactions during black-out period.