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Daily Archives: March 2, 2020 | 10:20 pm

Anti-red tape trials set for telecoms, pharma, food

AN initiative to harmonize red tape elimination efforts will undergo initial trials on industries like telecommunications, pharmaceuticals and food, the Anti-Red Tape Authority (ARTA) said in a statement.

Cayetano: Leave budget out of speakership power struggle

SPEAKER Alan Peter S. Cayetano raised the prospect of the 2021 budget possibly being held hostage by an alleged power struggle in the House, threatening a repeat of the delayed 2019 budget which dampened spending and economic growth last year.

Second quarter start for construction of road linking CavitEx, Sangley Airport

THE Department of Public Works and Highways (DPWH) said it will start constructing the “coastal” spur road to Cavite province’s Sangley Airport by the second quarter of the year.
House of Representatives bldg

Bill granting special powers for flagship projects hurdles committee

THE HOUSE special committee on flagship programs and projects approved Monday a bill granting special powers to President Rodrigo R. Duterte to speed up the implementation of his “Build, Build, Build” infrastructure program.


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PHL at or near top of gender balance metrics in GDBA study

A STUDY of workplace gender diversity in Asia puts the Philippines at or near first place on measures like, the narrowness of the gender pay gap, female representation in senior leadership, and overall gender balance.

National gov’t outstanding debt rises to P7.76 trillion at end-January

THE national government’s (NG) outstanding debt increased to P7.763 trillion at the end of January, with borrowing rising from both domestic and foreign sources, the Bureau of the Treasury (BTr) said Monday.

Tourist spending growth exceeds 20% in 2019 to $9.31B amid record arrivals

THE Department of Tourism (DoT) said growth in visitor receipts, a measure of spending by international tourists, topped 20% in 2019 to $9.31 billion, after visitor numbers grew to record levels.
LinkedIn

Employers urged to support working mothers’ start-up aspirations — LinkedIn

WORKING mothers expressed high levels of interest in starting a business, and employers should be ready to support them in achieving these goals, LinkedIn reported, citing the results of a study.

DTI confident of prevailing in WTO dispute vs. Thailand

TRADE Undersecretary Ceferino S. Rodolfo is confident the World Trade Organization (WTO) will allow the Philippines to make its case for retaliation in a 12-year trade dispute with Thailand.

CITIRA: Are we there yet?

It has been more than a year since the first version of the Corporate Income Tax and Incentives Rationalization Act (CITIRA) bill was discussed in Congress. Some said the passage of the CITIRA bill will discourage investment and cause the pullout of foreign investors, displacing workers; others said the bill will eliminate unfair incentives, attract more foreign investment, and make SMEs more competitive in the region.

UAAP volleyball on

AFTER being delayed for two weeks, the start of the volleyball tournament of Season 82 of the University Athletic Association of the Philippines is finally pushing through today.

Oconer continues to pad Ronda Pilipinas lead

BAGUIO CITY -- George Oconer of Standard Insurance-Navy stuck with the 10-man group that checked in first in Stage Eight to virtually clinch the title in the LBC Ronda Pilipinas 10th anniversary race at the Burnham Park here yesterday.

James tows Lakers past Pelicans, 122-114

NEW ORLEANS -- LeBron James had a triple-double as the visiting Los Angeles Lakers overcame the absence of All-Star forward Anthony Davis and defeated the New Orleans Pelicans, 122-114, on Sunday night.

USGA: US Open qualifiers in Asia on schedule for now

PINEHURST, NORTH CAROLINA -- Contingency plans are afoot in case the sectional qualifiers for the US Women’s Open and US Open scheduled for Asia and elsewhere are cancelled due to the coronavirus, US Golf Association (USGA) CEO Mike Davis has said.

Ayonayon, Subido excited to parlay wares in PBA

WRAPPING UP their commitment with the Maharlika Pilipinas Basketball League’s San Juan Knights, guards Mike Ayonayon and Renzo Subido said they are excited and looking forward to playing in the Philippine Basketball Association.

TCS Clark Animo International Marathon 2020 moved to May

THE TCS Clark Animo International Marathon, a major international fitness event at Clark Global City, has moved its start date to May 10. Originally set for March 8, the race was reset by its organizers and stakeholders as a precautionary measure in view of the health and safety concerns surrounding the 2019 coronavirus disease (COVID-19).

Fortified Mendiola FC out to make waves in new PFL season

WHEN the fourth season of the Philippines Football League (PFL) unfurls later this month, expect Mendiola FC 1991 out on the field better competing after undergoing a solid buildup in the offseason.

Firouzja in his biggest win

The 16-year-old Alireza Firouzja scored his biggest win to date by taking the category 19 (Average Rating: 2707) Prague Masters after tying for 1st with four others and beating Vidit 2:0 in a blitz playoff.

Shepherding the Bucks

Giannis Antetokounmpo was on the left block, his back to the basket. He had the ball with 2:28 to go in the match, and he looked left to survey the court. The Hornets, whose buoyant play to that point had the 19,149-strong Spectrum Center crowd pumped, were just three down following a P.J. Washington dunk, and he needed to manufacture points to keep them at bay. Seeing tight coverage, he decided to go for the best option: himself. He dribbled once to get closer to the paint, and then made a quick pirouette to the baseline to set up an arching fadeaway. The nine-footer, launched high to clear the outstretched arms of Miles Bridges, was money. It hit the bottom of the net, giving the Bucks some much-needed cushion against the hosts.

Peso rebounds vs dollar on positive data, BSP bets

THE PESO rebounded against the dollar following consecutive days of weakness as markets priced in better local manufacturing data and the possibility of another rate cut.
PSE bells

Shares slump further on fears over virus outbreak

STOCKS dropped further on Monday on last-minute profit taking among investors as fears on the outbreak of the coronavirus disease 2019 (COVID-19) continue to weigh on the market.

Manila eyes travel ban for Italy, Iran amid outbreak

THE Philippines will consider a travel ban for Italy and Iran and may expand restrictions for South Korea as a novel coronavirus outbreak spreads to these countries, authorities said on Monday.

Jurisprudence on treaty termination sought by Senate

THE SENATE on Monday adopted a resolution asking the Supreme Court to come up with jurisprudence on whether President Rodrigo R. Duterte can end a treaty without Senate concurrence.

Police arrest sacked guard who took 30 people hostage

Police arrested on Monday evening a former security guard who took about 30 people hostage at a mall in the Philippine capital, Manila after...

State monitoring potential laundering

TWO GROUPS of foreigners brought in about $368 million or P18.74 billion into the country last year, prompting authorities to closely monitor potential money-laundering activities with more travelers carrying large sums of foreign currencies.
congress House of Representative

House kicks out 2 committee heads amid rumored coup

THE House of Representatives on Monday elected new heads for the appropriations and Electoral Tribunal committees amid a rumored coup against its Speaker.

Supreme Court bans single-use plastic in its offices

SINGLE-USE plastic products are now banned at the Supreme Court (SC) offices in line with the country’s waste management campaign.

Regional evacuation center in Bacolod City ready for use

A REGIONAL evacuation center in Bacolod City has been completed, the Department of Public Works and Highways (DPWH) announced Monday.

5.5 earthquake shakes Leyte

A MAGNITUDE 5.5 earthquake jolted the island of Leyte early Monday morning, with epicenter in Leyte town.

DHSUD go after illegal subdivision developers in Davao City, Samal

THE DEPARTMENT of Human Settlements and Urban Development (DHSUD) is cracking down on illegal subdivision developers in Davao City and the Island Garden City of Samal, mostly on land awarded to agrarian reform beneficiaries.

Nationwide round-up

FORMER BUREAU of Immigration (BI) deputy commissioner Marc Red A. Mariñas has denied allegations that he led the bribery scheme that allowed VIP treatment for Chinese nationals entering the Philippines.

Nation at a Glance — (03/03/20)

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

The Urban-Rural Disparity

The poverty incidence among families declined to 12.1% in 2018 from 17.9% in 2015. This is unprecedented. In 2009, the incidence was 20.5% according to the Philippine Statistics Authority (PSA).

The commemoration of the EDSA Event of 1986 will not inspire revolution

To Messrs. Juan Ponce Enrile and Gregorio Honasan, Feb. 22 is the day that should be commemorated as the start of the EDSA Revolution because that was when they broke away from the tyrant Marcos.

Drug price control and the nanny state

Upon the prodding of the Department of Health (DoH) since last year, President Rodrigo R. Duterte issued Executive Order (EO) 104 last month imposing another round of drug price control, on top of drug price control policy imposed in July 2009.
Bangsamoro supporters

Evolving transitional justice in the Bangsamoro

It has been four years since the Transitional Justice and Reconciliation Commission (TJRC) turned over its Report that sought to study and analyze historical injustice, legitimate grievances, human rights violations, and marginalization through land dispossession in the Bangsamoro, and since then, several national and regional initiatives on transitional justice have materialized.

Beating colorectal cancer

MARCH is Colorectal Cancer Awareness Month. This is an important campaign as colorectal cancer (CRC) is the third most common cancer among Filipinos. Only breast and lung cancers are more prevalent in the Philippines.

Drug links of offshore gaming being probed

THE Philippine Drug Enforcement Agency (PDEA) is keeping tabs on offshore gaming operators in the country for possible involvement in the illegal drug trade, the agency said.

House panel sets hearing on Honda/Wells Fargo closures, PAL Layoffs

THE House committee on labor and employment has scheduled a hearing for Tuesday on the recent closures of multinational firms’ Philippine operations and layoffs at Philippine Airlines (PAL).
AMLC (Anti-Money Laundering Council) logo

Money laundering eyed as travelers bring in forex

THE Bureau of Customs (BoC) said it has seen more air travelers importing foreign currency beginning in the third quarter of 2019, with most of the cases involving Chinese nationals.

Internet-enabled shoppers account for 75% of FMCG sales — Kantar

SHOPPERS with Internet access are the leading buyers of fast-moving consumer goods (FMCG) by a wide margin, data analytics firm Kantar said.

Poll: Inflation likely picked up in Feb.

INFLATION may have quickened slightly in February due to higher food prices, which was likely offset by lower utility and oil prices amid the coronavirus disease 2019 (COVID-19) outbreak and subsiding risks from the Taal Volcano eruption.

National Government 2019 subsidies to GOCCs rise 47% to P201.5 billion

THE National Government’s subsidies to state corporations rose to P201.524 billion in 2019, exceeding the P187.1 billion budgeted for the year after some offices exceeded their initially-estimated supplemental funding requirements, the Bureau of the Treasury (BTr) said.

Tax bills may take backseat amid coronavirus spread

THE remaining packages of President Rodrigo R. Duterte’s comprehensive tax reform program (CTRP) might take a backseat in the Senate as the chamber gets sidetracked by measures seeking to shield the economy from a novel coronavirus outbreak, its leaders said.

NLEX targets original proponent status this year for NLEx, CavitEx connector

TOLL road operator NLEX Corp. said it is hoping to obtain this year original proponent status (OPS) to build a toll road connecting the North Luzon Expressway (NLEx) to the Manila-Cavite Expressway (CavitEx). Luigi L. Bautista, president and general manager of NLEX Corp., said the company submitted the unsolicited proposal to the Department of Public Works and Highways (DPWH) last year.