Home 2020 February 12

Daily Archives: February 12, 2020 | 10:56 pm

Bureau of Customs (BoC)

Three biggest ports miss BoC collection targets

NINE out of 17 collection districts in ports nationwide hit their revenue targets in 2019, though the three largest ports missed their goals, the Bureau of Customs (BoC) said.

PIFITA bill expected to sail through Senate

THE measure simplifying the tax structure for financial instruments is expected to make smooth progress in the Senate, the head of the chamber’s Ways and Means Committee said Wednesday.

Older workers can complement Gen Z skills — LinkedIn

A MULTI-GENERATIONAL work force presents opportunities for older workers to compensate for the shortcomings of millennials and Generation Z, and vice versa, LinkedIn said, citing the results of its Opportunity Index 2020 study.
Samal Davao RORO PPA

China assessing loan request for the Samal-Davao bridge amid right-of-way dispute with landowners

DAVAO CITY -- China is assessing a loan request by the Philippine government for the construction of the Samal-Davao bridge and a decision could be reached within the early part of the year, according to Chinese Consul General Li Lin.
Bureau of Local Government Finance (BLGF)

LGU revenue up 12% in 9 months to Sept., but below target

REVENUE generated by local government units (LGUs) rose 12% in the nine months to September, the Bureau of Local Government Finance (BLGF) reported.

UK to continue with GSP+ type arrangement with PHL after Brexit

THE Philippines will retain its preferential trade access after the UK’s exit from the European Union, British Ambassador to the Philippines Daniel Pruce said.

PHL Feb. rice imports expected to decline to 2.5 million MT

PHILIPPINE RICE imports are expected to decline this month amid a slowdown in overseas purchases, the US Department of Agriculture (USDA) said.

wp booster error:
td_api_base::mark_used_on_page : a component with the ID: td_180x135 is not set.

Recalibrating the Framework for LGU Joint Ventures

According to a 2017 report on Infrastructure Financing Strategies for Sustainable Development in the Philippines written for the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), one of the fast-emerging mechanisms utilized to implement infrastructure projects at the level of local government units (LGUs) is through joint ventures (JVs). Majority of LGU-level JV projects that have progressed to actual implementation have been initiated by the private sector in partnership with local government entities in the water sector, government offices, and given recent developments, in reclamation as well.

King Ina, the docu

WHAT HAS not been said yet about the Lauren Greenfield documentary? Is there anything more to say? The Bloated One who allowed herself to be caught by Greenfield displaying the core of her psychosis -- lust for return to power -- took up valuable real estate in public discussion. In light of the coronavirus crisis and a still restive Taal Volcano, paying any more attention to Imelda Marcos and family is a matter of resource allocation.

A new privileged class

Any idea or initiative, no matter how good or useful, can be prone to abuse. And this is on the part of either the people proposing or implementing the initiative, or the people that are intended to benefit from it. Worse, the negative consequences of such an initiative at times outweigh its benefits, or have unintended economic or social costs.

To love is to ‘co-create’

“Well, she looked at me/ And I, I could see/ That before too long/ I’d fall in love with her” -- I “Saw Her Standing There” by The Beatles


“How to make the fitting adjustment between individual independence and social control is a subject on which nearly everything remains to be done... To an ordinary man, however, his own preference... is not only a perfectly satisfactory reason, but the only one he generally has for any of his notions of morality, taste, or propriety...” -- John Stuart Mill, On Liberty (1859), Ch. 1 Introduction

Into deeper waters

HER PALMS were sweaty and her throat was dry. She clenched her notes and the clicker with shaky hands. As she reached the microphone, she was afraid that the audience would hear her heart -- it was thudding wildly in her chest.

Coronavirus stokes mask production and mass confusion

FOR FACTORIES to reopen, people to get back to work and the coronavirus to stop spreading, China needs tens of millions of face masks each day. And yet the country’s sprawling bureaucracy is sending out mixed messages about its ability to provide them. The repercussions have been felt even in Hong Kong, where throngs of panicked shoppers cleared the shelves of masks and, more perplexingly, toilet paper last week.

Yes, coronavirus is more troubling than the flu

IS THE WORLD losing its collective mind about the coronavirus (now called COVID-19 by the World Health Organization)? So far 1,115 people have died from the infection -- all but 45 of them at the epicenter of the outbreak in Wuhan province, and only two of them outside China.

Ceres takes joy in dominant win in AFC Cup ’20 opener

FOLLOWING a master class in its AFC Cup 2020 opener where it dominated its opponent, 4-0, Ceres-Negros FC said it takes joy in the solid start it had in the tournament and expressed hope that the team gets to stay the course moving forward.

PHL women’s team swept anew at Badminton Asia tournament

THE Philippine women’s badminton team continued to find the going tough on the second day of the 2020 Badminton Asia Team Championships, swept anew, 5-0, this time by Indonesia in tournament action on Wednesday at the Rizal Memorial Coliseum.

UAAP moves to postpone opening of volleyball tourney, other events

THE opening of the volleyball tournament of Season 82 of the University Athletic Association of the Philippines (UAAP) will not push through as scheduled as the league board moved for its postponement and other events over concerns on the coronavirus disease 2019 (COVID-19) outbreak.

MPBL breaks for All-Star event at MOA Arena

REGULAR Maharlika Pilipinas Basketball League (MPBL) action takes a break as the growing league holds its All-Star festivities today at the Mall of Asia Arena.

97 teams join PAL Seniors Interclub golf tourney

NINETY-SEVEN teams have signed up for the 34th Philippine Airlines (PAL) Seniors Interclub golf team championships set on Feb. 26-29 in Bacolod City.

Gibraltar Masters

Have you ever heard of David Paravyan? He was born March 8, 1998 in Russia and earned his grandmaster title in 2017. Before Gibraltar he had not won anything big. The biggest accomplishment so far is his 10th place finish with 7/11 (won four, drew six, lost one) in the FIDE Grand Swiss Tournament last year. That was a really strong tournament because it gave the winner an automatic slot to the March 2020 Candidates Tournament, and his performance rating there is 2774.

Knicks woes

Losing out on Kevin Durant and Kyrie Irving in free agency was the first real sign the Knicks didn’t have as much pull off the court as they continued to think. There was no question of their lack of competitiveness on it; they headed into the offseason having missed the playoffs for the sixth straight year. Yet, their poor record and all the attendant problems it indicated notwithstanding, they felt they had the juice as first among equals in the National Basketball Association. Until, that is, the windfall that head honcho James Dolan so brazenly alluded to well before their 2018-19 campaign ended failed to materialize. And, amid their backpedaling, they finally admitted they didn’t have any clout, after all.

Peso rallies versus dollar

THE PESO rallied versus the greenback on Wednesday on the back of positive market sentiment due to the credit rating outlook upgrade for the country and as investors took in positive remarks from the US Federal Reserve.

Shares decline anew ahead of MSCI rebalancing

PHILIPPINE STOCKS closed lower on Wednesday as investors await the announcement of Morgan Stanley Capital International’s (MSCI) rebalancing.

Duterte to boost China, Japan ties post-VFA

THE Philippine military will boost defense ties with allies in the region including China, Japan and Australia after President Rodrigo R. Duterte ended a military agreement with the US on the deployment of troops for war games, its new chief said on Wednesday.

Senator calls for crackdown versus online gaming firms

AN OPPOSITION senator yesterday sought an immediate crackdown against offshore gaming operators in the Philippines after police rescued a Taiwanese who was forced to work for a Chinese operator.

A third of Pinoys support protests in HK, SWS says

FIVE of 10 Filipinos knew of the street protests in Hong Kong that started last year, with a third of them supporting the riots, according to a Social Weather Stations (SWS) poll.

Cebu’s Oakridge Business Park developer ventures into warehousing

OAKRIDGE REALTY Development Corp. (ORDC), developer of the Oakridge Business Park in Mandaue City, has launched a warehousing brand to meet the growing demand for storage facilities in Cebu.

Phivolcs proposes community-based landslide warning system for Cotabato

THE PHILIPPINE Institute of Volcanology and Seismology (Phivolcs) is eyeing to install an early warning system (EWS) in landslide-prone areas in Cotabato, one of the provinces at the foot of Mt. Apo and the most affected by the series of strong earthquakes that struck Mindanao last year.

Davao Oriental’s P22B anti-insurgency program gets regional approval

A P22-billion program intended to address the communist insurgency in Davao Oriental has been approved at the regional level, and the big-ticket projects will be endorsed for national funding, the provincial government announced earlier this week.
Bureau of Immigration (BI) logo

3 Koreans, 8 Japanese wanted for fraud arrested

THREE KOREANS and eight Japanese who are all wanted for fraud in their countries have been arrested in different parts of Luzon, the Bureau of Immigration (BI) reported on Wednesday.

Tacloban to Samar cities

TEN new public utility buses that will serve the Tacloban City-Calbayog City route and 15 public utility coasters for Tacloban-Catbalogan City were launched Feb....

Making cancer care more accessible and comprehensive

As the battle against cancer continues around the world, leveling up cancer services is a primary solution seen to address the increasing burden of...

Philippine trade year-on-year performance (December 2019)

EXPORTS of Philippine goods grew at its fastest pace in more than two years in December, narrowing the country’s trade deficit to a six-month...

Trade gap narrows in December

EXPORTS of Philippine goods grew at its fastest pace in more than two years in December, narrowing the country’s trade deficit to a six-month low amid a continued decline in imports, the Philippine Statistics Authority (PSA) reported on Tuesday.

Fitch upgrades PHL outlook to ‘positive’

FITCH RATINGS on Tuesday upgraded its outlook for the Philippine economy to “positive” from “stable,” bolstering hopes for a rating upgrade.

European Commission says administration’s drug war, death penalty are ‘serious concerns’

THE European Commission has raised “serious concerns” about President Rodrigo R. Duterte’s war on drugs, attacks on human rights defenders and his plan to restore capital punishment.

IMF says Q1 GDP likely at 6.3%

THE International Monetary Fund (IMF) expects the Philippine economy to grow by 6.3% in the first three months of 2020, despite the coronavirus outbreak’s impact on tourism.

High court asks ABS-CBN to comment on SolGen’s move to cancel its franchise

THE Supreme Court (SC) asked ABS-CBN Corp. and its unit ABS-CBN Convergence, Inc. to comment on the petition of the state’s top lawyer to cancel the Lopez-led network’s franchise, as lawmakers stepped in to assert their authority over franchises.

CIP majority stake sold to Unioil-led firm, other investors

LISTED Chemical Industries of the Philippines, Inc. (CIP) has sold a majority of its stake to a group that includes a company owned by the Unioil Group, Inc.

Senate panel wants online gaming halt over tax issues

A SENATE panel on Tuesday recommended the suspension of the Philippine Offshore Gaming Operators (POGOs) after learning foregone revenues in 2019 hit an estimated P50 billion.

Araneta City set to open New Gateway Mall in fourth quarter

ARANETA CITY (ACI, Inc.) is setting the opening of its New Gateway Mall in Quezon City by the fourth quarter after it topped off the eight-story building yesterday.

Maynilad invests P41 billion in west zone to expand wastewater services

MAYNILAD Water Services, Inc. has spent more than P41 billion to improve and expand its wastewater services since the government privatized the operation of Metro Manila’s water services in 1997, the west zone concessionaire said on Tuesday.

Russian dancer to replace Alice Reyes as BP artistic director

AS the term of Ballet Philippines’s founder, National Artist Alice Reyes as Artistic Director is ending in March, the Board of Trustees of Ballet Philippines has appointed her replacement — Mikhail “Misha” Martynyuk.

KFC seeks local entrepreneurs as pioneer franchisees

KFC has invited entrepreneurs to be part of the popular fried chicken restaurant as its pioneer franchisees, marking its partnership with local investors for the first time after operating in the Philippines for decades.