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Daily Archives: February 14, 2020 | 11:19 pm

LAB.PH partners with LGUSuite to co-develop smart city solutions in the Philippines

Community OS addresses friction of data access, gathering and analysis to give local communities, government units, and financial institutions access to the tools needed to monitor sustainable portfolios. In short, the platform makes communities bankable.

Philippines lifts travel ban on Taiwan

PRESIDENT Rodrigo R. Duterte has lifted a novel coronavirus-related travel ban on Taiwan, days after the Chinese territory threatened to retaliate.

House constitutional panel considering expanded local gov’t IRAs

THE House committee on constitutional amendments is considering including among its recommended changes to the charter a provision to expand internal revenue allotments (IRAs) for provinces, cities, towns, and barangays throughout the country, its chairman said.

Kuwait deployment ban for household workers lifted

LABOR Secretary Silvestre Bello III announced Friday the lifting of the deployment ban on household service workers to Kuwait.

New Harbor Link exit in Malabon operational by Feb. 21

THE Department of Public Works and Highways (DPWH) said the Malabon Exit of the 2.6-kilometer C3-R10 Section of the NLEX Harbor Link Segment 10, will be open to motorists beginning Feb. 21

Palay farmgate price firms in late Jan.

THE AVERAGE farmgate price of palay, or unmilled rice, rose 0.3% to P15.94 per kilogram (kg) in the last week of January, a price level that remains 19.2% lower year-on-year, the Philippine Statistics Authority said.

Food industry seeking to expand Mideast footprint via Gulf fair

THE Philippines is seeking to expand the reach of its products in the Middle East, the Trade department said on Friday.

BIR adds PayMaya to online payment platforms

THE Bureau of Internal Revenue (BIR) said Friday it expects to grow the volume of taxes paid online after launching a seventh electronic channel through e-wallet service PayMaya.
BSP

BSP advises institutions to stop withholding tax on some payments to central bank

FINANCIAL institutions have been advised to stop withholding taxes on their payments to the Bangko Sentral ng Pilipinas (BSP) following the implementation of a BSP tax exemption under the New Central Bank Act.

Peso firms week-on-week after Fitch raises outlook

THE peso weakened to P50.56 to the dollar on Friday, though it rode positive sentiment to strengthen week-on-week after a sovereign credit outlook upgrade by Fitch Ratings to “positive” from “stable.”

BSP eyes another rate cut in Q2 amid outbreak

THE Philippine central bank may cut the key rate by another 25 basis points (bps) as early as the second quarter to shield the economy from the effects of a deadly coronavirus outbreak, according to its chief.
Carlos G. Dominguez

Senate to meet with Executive on legislative agenda

PALACE and Finance officials will separately meet with Senate leaders next week to discuss President Rodrigo R. Duterte’s legislative agenda, Finance Secretary Carlos G. Dominguez III said on Friday.

Court orders arrest of ex-Senator Trillanes

A QUEZON City court has ordered the arrest of a former senator critical of President Rodrigo R. Duterte after he was indicted for inciting to sedition last month.

Taal alert level lowered further

STATE volcanologists lowered Taal Volcano’s alert status to level 2 on Friday, citing “diminished plume activity.”

Former chief justice named GSIS chairman

PRESIDENT Rodrigo R. Duterte appointed retired Chief Justice Lucas P. Bersamin as chairman of the Government Service Insurance System (GSIS).
Sangley Airport

MacroAsia and Chinese partner bag Sangley airport project

THE provincial government of Cavite has awarded the P208.5-billion contract to develop Sangley airport to the listed holding firm of businessman Lucio C. Tan and its Chinese partner.

Ayala Land income up 13% in 2019

AYALA LAND, Inc. (ALI) reported a 13% increase in net income last year to P33.2 billion after a single-digit growth in revenues that was driven by sales of office, commercial and industrial lots, the listed property company said on Friday.


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Vivant ventures into sewerage project in Palawan

A UNIT of Vivant Corp. has acquired a 45% stake in a company that is jointly developing with a local government a combined sewerage and septage facility for Puerto Princesa City in Palawan province.
sta. Lucia

Sta. Lucia board approves joint ventures, land purchases

STA. LUCIA LAND, Inc. said on Friday that its board of directors had approved three joint venture projects to develop areas in Luzon and the acquisition of 10 parcels of land, including two in Mindanao.

Cayetano says House to be “objective” on ABS-CBN franchise

LAWMAKERS are open to any mode of scrutiny to make their judgment on the legislative franchise of media company ABS-CBN Corp. “more objective,” said House Speaker Alan Peter S. Cayetano on Friday.

STI Holdings income up 10%

STI Education Systems Holdings, Inc. reported a third-quarter net income of P152.6 million, up 10% compared with what it earned in the same period a year earlier. 

Local shares down 1.6% as virus spooks investors

THE main index edged lower on Friday as investors continue to worry over the coronavirus disease 2019 (COVID-19) outbreak.

Insurtech firm Saphron launches new “heartbreak insurance” product

MONA, or “Move On NA” only costs P300 and assures one that, in case life gets in the way of love, the insured has a staycation waiting for them at any one of Saphron’s partner hotels.
Bureau of Immigration (BI)

Nationwide round-up

A SWEDISH national whose name is included in an international list of suspected terrorists was denied entry into the country, the Bureau of Immigration reported on Thursday.

Nation at a Glance — (02/14/20)

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

CITIRA unlikely to be passed in March

THE MEASURE lowering the corporate income tax and streamlining fiscal incentives is not likely to hurdle the Senate before the March 13 adjournment, according to the Senate president, even as the Executive branch pressed the chamber for prompt action on the key tax reform.

Non-Chinese travelers also staying away from PHL amid virus outbreak

JENNY, a 31-year-old Filipina who works as a cook in South Korea, canceled a plan to visit relatives in Cotabato City this summer amid a coronavirus disease 2019 (COVID-19) outbreak that has killed more than a thousand people and sickened tens of thousands more in China.

Coronavirus may delay PHL economic recovery

THE spread of the coronavirus disease 2019 (COVID-19) could delay the recovery of the country’s economic growth this year as it could impact drivers like remittances, consumption and tourism, according to ANZ Research.

Pasig City to get Anti-Red Tape Unit

THE ANTI-RED TAPE AUTHORITY (ARTA) signed its first agreement with a local government unit (LGU), partnering with Pasig City for the creation of a specialized unit to address bureaucratic red tape.

Shock Parasite Oscar triumph showcases Korea’s soft power

SOUTH KOREA’S status as a cultural juggernaut just got a serious shot of international credibility.

Two of world’s richest heirs join forces in Hollywood deal

HOLLYWOOD’S latest power couple hail from opposite sides of the world.

The Russians are coming, the Russians are coming

A PALL OF uncertainty, fear, and evaporated dancers’ tears still hangs over the rehearsal halls of Ballet Philippines (BP) days after it was suddenly announced that National Artist for Dance Alice Reyes would be replaced as artistic director (AD) of the company she founded in 1969, by Mikhail “Misha” Martynyuk, a star dancer of The Kremlin Ballet theater — a young company compared to the giants of Russian ballet (Bolshoi, Mariinsky) as it was founded only in 1990 — and Honored Artist of the Russian Federation.
airport dawn

Liquidity seen to allow airports withstand virus

THE strong liquidity position of airports in the Asia-Pacific region will enable them to withstand the impact of the coronavirus disease 2019 (COVID-19) outbreak that has forced several airlines to suspend their flights to and from China and its administrative regions, Moody’s Investors Service said.

AbaCore to build P1-B cement plant and silo

ABACORE Capital Holdings, Inc. is building a P1-billion cement plant and silo through a joint venture agreement with Honghui Pioneer S-Cement International, Inc.

Petition against BP’s new artistic director finds support

NEWS that a Russian will become the new artistic director of Ballet Philippines (BP), replacing National Artist Alice Reyes after her term ends in March, has sparked a social media uproar in cultural circles, inspiring a Change.org petition and a demand that the appointment be rescinded.

BP’s Itim Asu performances canceled

BALLET PHILIPPINES has announced that it has canceled performances of Itim Asu and Other Dances as “a precautionary measure undertaken in the interest of public well being against the risk of spreading or contracting the 2019-nCoV ARD or COVID-19.”

Pacific Online sells unit, sets focus on gaming

PACIFIC Online Systems Corp. has divested its shares in wholly owned subsidiary Lucky Circle Corp. (LCC) to focus on its online gaming business.

Crass war

BONG JOON-HO’s Parasite hums along nicely, a Rube Goldberg thriller whose parts are polished to a shine, slide over and into each other with lubricated precision.

Razon firm starts commercial run of power plant in Iraq

A COMPANY led by businessman Enrique K. Razon Jr. has started operating a gas-fired power plant in Iraq initially with a capacity of 29.3 megawatt (MW) but scalable by nearly five times.

Smells like (Seven)teen spirit

A VIRUS scare could have easily have deterred regular concertgoers from going to an arena where they would have breathed the same air as at least 10,000 others.
ABS-CBN

Senate to look into claims vs ABS-CBN as franchise renewal hangs

THE Senate Public Services Committee will look into the allegations against the ABS-CBN Corp. that were cited as the roadblock in granting the 25-year extension of its franchise.

Two-thirds of seafarer training institutes at risk for shutdown

THE Maritime Industry Authority (MARINA) told the Marino Party List, which represents seafarers, that 61 out of 91 maritime schools are recommended for closure due to non-compliance with the standards set by the Standards of Training, Certification and Watchkeeping for Seafarers (STCW) Convention.

QC property listings rise amid demand — Lamudi

LISTINGS for Quezon City properties have been increasing in response to high demand, online market seller Lamudi said in a report that also tagged the city as continuing to be the top-searched area in Metro Manila.

Eddie Garcia, Tony Mabesa honored at FDCP Ambassadors’ Night

THE Film Development Council of the Philippines (FDCP) held its 4th Film Ambassadors’ Night (FAN) on Feb. 9 to celebrate audiovisual workers who have brought honor to the country by winning in film festivals abroad.

11th time’s the charm: Boyce Avenue returns for Philippine Valentine’s concert tour

THE AMERICAN pop and rock band Boyce Avenue, known for its cover songs, is back in the Philippines for a series of shows with stops in Pangasinan, Cebu, Davao, and finally, Manila this Valentine’s weekend.