Home 2020 February 10

Daily Archives: February 10, 2020 | 10:53 pm

Karl Kendrick T. Chua

FIRB to present investors with ‘more transparent’ incentives

THE proposal to give Fiscal Incentives Review Board (FIRB) the power to grant and review tax incentives will harmonize the incentives regime and make it more “clear and transparent” for investors, the Department of Finance (DoF) said.

BSP seen cutting rates by 25 bps after March

J.P. MORGAN said it expects the Monetary Board to further reduce benchmark interest rates by 25 basis points (bps) next quarter to stimulate the economy in response to the novel coronavirus (2019-nCov) outbreak.

PPA-run ticketing system for ship passengers to discourage overbooking

THE Philippine Ports Authority (PPA) will pilot-test within the first half of the year a centralized online ticketing system which hopes to deter overbooking by shipping lines, improving safety in the industry.

PHL fourth-largest remittance destination in 2019

THE PHILIPPINES was the fourth-largest destination for remittances by overseas workers in 2019, according to the World Bank’s Global Knowledge Partnership on Migration and Development (KNOMAD) program.

Rice inventory up 4.9% as NFA stocks surge

RICE held in inventory totaled 2.675 million metric tons (MT) at the start of the year, up 4.9%, driven by increased holdings by the National Food Authority (NFA), the Philippine Statistics Authority (PSA) said Monday.

Crackdown on pricey face masks moves online

E-COMMERCE company Shopee Philippines said it is working with the Department of Trade and Industry (DTI) to remove overpriced N95 and N88 masks from its platform.

FTAs raise stakes for exportable farm goods

FORMER trade negotiator for agriculture Segfredo R. Serrano is calling for a shift to high-value crop exports and data-based negotiations as the Philippines enters into more trade agreements.

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BIR gives Valentine’s gift amidst nCov

Are you anxious every time you leave your home, because of the outbreak of the 2019 Novel Coronavirus (2019-nCov)? If you are, it is normal. Most people now refrain from going to the malls, parks, and churches, and prefer to stay at home to prevent from catching the virus. Even my mother has observed that fewer people walk down Session Road in Baguio.

Diamond standard

Singapore’s Prime Minister Lee Hsien Loong addressed his nation last week. It’s best practice and worthy of global emulation. Here’s the transcript.

Gender gap in the Philippines: Unraveling women’s power?

For over 14 years, the Global Gender Gap Index has charted the relative gaps between women and men in the areas of the economy, education, health, and politics. It has served as a measure for policy and programmatic decisions to improve the status of women. Specifically, the Global Gender Gap Index has the following sub-indexes and ratios:

Commentaries on the One Person Corporation under the Revised Corporation Code

Section 130 of the Revised Corporation Code (RCC) sets out three rules governing the liability of the Single Stockholders, thus.

PSA, PCC and competition

The Philippines continues to be among the laggards in East Asia in attracting more foreign direct investments (FDI). Data from the UN Conference on Trade and Development (UNCTAD) World Investment Report (WIR) show that our FDI inward stock, an indicator of cumulative foreign investments, was still below $90 billion in 2018 and only about 55% of that in Vietnam and Malaysia, 37% of that in Thailand. The only neighbors that we can “beat” as having lower FDI stocks are Myanmar, Cambodia, Laos, and Brunei.

Reporting from the field

JUST TO show that news is not just about reading a script, disasters, weather disturbances, and unusual political developments provide the opportunity to project immediacy. Coverage of news as it happens is supplied by field reporters sent to where the action is. The live report is accompanied by video footage of related happenings that put context to the reporter’s story.

AFC Cup campaign begins for PFL champion Ceres

THREE-TIME Philippines Football League (PFL) champion Ceres-Negros FC returns to international competition as it opens its AFC Cup 2020 campaign here at home today against visiting Preah Khan Reach Svay Rieng FC of Cambodia.

Badminton Asia Manila tourney pushes through as scheduled

DESPITE concerns over the ongoing outbreak of the novel Coronavirus (nCoV) acute respiratory disease, the 2020 Badminton Asia Manila Team Championships set for this week will take place as scheduled albeit with some changes to the roster of teams competing.

PBA adjusts calendar over nCoV threat

THE Philippine Basketball Association moved the start of its season-opening Philippine Cup a week later than originally scheduled over the threat of the novel Coronavirus (nCoV) acute respiratory disease outbreak.

Pebble Beach close call fuels Phil Mickelson’s fire for 2020

PEBBLE BEACH -- Phil Mickelson fell short in his quest for a record sixth Pebble Beach Pro-Am victory on Sunday but said his results over the last few weeks had given him momentum for the rest of the year.

Bogdanovic 3-pointer at buzzer lifts Jazz over Rockets

HOUSTON -- Bojan Bogdanovic hit a 3-pointer at the buzzer to lift the Utah Jazz to a 114-113 victory over the host Houston Rockets on Sunday.

Santé Fitness Lab, Vermosa launch new community-based running group in Cavite

THE ever-growing running community in the country expanded some more with the establishment of a new running club in the province of Cavite.

UE and Ateneo kick off fencing of UAAP Season 82

UNIVERSITY of the East and Ateneo stake their men’s and women’s crowns as the UAAP Season 82 fencing tournament opens Tuesday at the Paco Arena.

Epilogue to Tata Steel Masters

No doubt the big winner in the Tata Steel Masters was Fabiano Caruana, but another GM who put in a good performance was the 20-year old Jorden Van Foreest, who was the lowest player by rating but started the tournament with 2 wins in the first 3 rounds, kept nipping at the heels of the tournament leaders for most of the tournament and finished with +1, tied for 4th place ahead of the other Dutchman Anish Giri.

Derailed by elements

Phil Mickelson began yesterday’s round with confidence, and not just because of his history of outstanding showings at the AT&T Pebble Beach Pro Am. True, self-assurance has never been a weakness; when he claimed the tournament last year, for instance, he figured it to be the trigger for an outstanding campaign. Instead, it proved to be mostly downhill from there, with his world ranking tumbling down 55 spots to 72nd by the time he went about his title defense. All the same, he remained upbeat, in no small measure because of his third-place showing at the Saudi International.
Peso Dollar

Peso weakens anew on fears of growth slowdown due to virus

THE PESO depreciated slightly on Monday following the appreciation of the Chinese yuan and as markets continue to factor in a possible global growth slowdown due to the novel coronavirus outbreak.

Local stocks end lower as investors pocket gains

LOCAL SHARES ended lower on Monday as local investors turned sellers following last week’s surge in bargain hunters.

Sedition case vs VP dropped; Trillanes indicted

THE JUSTICE department has indicted former Senator Antonio F. Trillanes IV and ten others for conspiracy to commit sedition, but another sedition-related complaint involving him along with Vice President Maria Leonor G. Robredo and 29 others has been dismissed.

Taiwan included in flight ban — DoH

TAIWAN is included in the Philippine’s flight ban list, Health Undersecretary Rolando Enrique C. Domingo said on Monday.

Duterte determined to terminate VFA

PRESIDENT RODRIGO R. Duterte said he is determined to end the Visiting Forces Agreement (VFA) with the United States despite American President Donald Trump himself wanting to keep the accord.

Senate panel OKs request to reconsider VFA termination plan

THE SENATE foreign relations committee has approved the resolution asking President Rodrigo R. Duterte to reconsider the abrogation of the Philippines Visiting Forces Agreement (VFA) with the United States.

DoT, Boracay hotel sector to plan room discounts for domestic market as Chinese tourists...

THE DEPARTMENT of Tourism-Western Visayas (DoT-6) office will meet with the region’s industry stakeholders, starting in Boracay, to map out marketing strategies and possible room rate discounts to spur domestic travel.

Mt. Apo trails from Digos, Sta. Cruz closed during Holy Week; adventure events set...

THE Mt. Apo trails from Digos City and Sta. Cruz in Davao del Sur will be closed from April 6 to 12 for campsite and trail assessment to be conducted by a multi-agency monitoring team.

DoH issues advisory against big public gatherings; Davao City cancels March fiesta events

THE DEPARTMENT of Health (DoH) released a memo on Monday discouraging events that will gather large crowds amid the 2019 novel coronavirus (nCoV) threat.

Nationwide round-up

RESEARCH GROUP IBON Foundation, Inc. (IBON) filed an administrative complaint before the Office of the Ombudsman on Monday against a former high-ranking military officer and two government officials for red-tagging the institution.

Nation at a Glance — (02/11/20)

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

Promil four nurtures batch 8 of young talents through its “I-Shine” Talent Camp

When children are encouraged and given avenues to thrive, they are able to excel in their passions both in the arts and sciences. Most...

DLTAP, FPH, government partners announce upcoming Philippine Fintech Festival 2020

“Now, the Philippines is primed to move on to the next level and transition into a world-class digital economy through the Philippine Fintech Festival -- an international gathering of experts and leaders in innovation.”

Dealogikal wins local round of National Champions Pitch competition

The market-centric online trading platform earned themselves a plane ticket to Dubai, free accommodations, and an exhibition booth at the final AIM 2020 Pitch Competition.

SCG to revamp core businesses, eyes shift to solutions service enterprise

SCG is set to revamp three core businesses and equip human resource development to effectively shift from being a manufacturer to a solution and...

Digitizing and empowering MSMEs in fashion supply with Zilingo

Zilingo launches suite of services for MSMEs selling on their platforms—ranging from branding and marketing to extending credit for more consistent sellers.

Make a sweet promise with the limited edition Cadbury dairy milk promise pack

With today’s fast-paced lifestyle, it’s getting more and more difficult for people to genuinely connect with their loved ones.We all may be connected through...

Evolution through involvement and community

PANA and PANAF 2020 banner the theme ‘Brands that Build the Nation’ By Bjorn Biel M. Beltran, Special Features Writer Moving into the third decade of the...

BSP may cut rate again — analysts

THE Philippine central bank would probably cut benchmark interest rates again this year to shield the economy from a coronavirus outbreak and a slew of natural calamities, analysts said.

DoF eyes P20 billion in additional taxes from fuel marking program

THE government expects P20 billion in additional revenue this year as a program to mark all gasoline, diesel and kerosene products deters smuggling, the Department of Finance (DoF)said last week.

TSA cites improved security at Manila international airport

INSPECTORS from the Transportation Security Administration (TSA) of the US Department of Homeland Security were satisfied with improved security measures now being enforced at the country’s main gateway, the Ninoy Aquino International Airport (NAIA), Philippine airport authorities said on Sunday.

SEC urges companies to issue more green bonds

THE corporate regulator wants more companies to issue green and sustainable bonds, where the proceeds will be exclusively applied to eligible environmental and social projects.

New ‘Velocity’ editor

STARTING THIS MONTH, Kap Maceda Aguila will take charge of BusinessWorld’s motoring section “Velocity” from Manny de los Reyes.