Peso down on strong jobs data
THE PESO weakened versus the dollar yesterday due to better-than-expected jobs data in the United States, as market players anticipated fresh hints from the Federal Reserve on the timing of its next moves.
Mining group to expel members who fail MICC review
THE Chamber of Mines of the Philippines (CoMP) said it will expel members who are found to have violated the law in the industry review conducted by the Mining Industry Coordinating Council (MICC).
One law for the rich? Light terms for South Korean business tycoons
SEOUL — South Korean prosecutors on Monday demanded a 12-year prison term for the heir to the Samsung empire, who is on trial for corruption in connection with the scandal that brought down the country’s last president.
Police chief dares criminal gang threatening to attack cops
POLICE DIRECTOR General Ronald M. Dela Rosa challenged an infamous gang associated with the allegedly narcotics trade-linked Parojinog clan on Monday to carry out their plans following intelligence reports that they are plotting to attack cops. “Bring it on. You’re trying to scare us now? You have scared cops for a long time. You have killed so many cops already,” Mr. Dela Rosa said at a press conference yesterday. The Kuratong Baleleng group, involved in various criminal activities, is reportedly out to avenge the deaths of Ozamiz City Mayor Reynaldo O. Parojinog, Sr. and 4 other family members from a police raid at their home last July 30. Mr. Dela Rosa said they have intelligence reports that at least two boats from Lanao del Norte, supposedly carrying Kuratong Baleleng members, have been deployed for the planned attacks on the police. — Jil Danielle M. Caro
One year after
A year ago I wrote a post on Facebook about my initial thoughts on the incoming Rodrigo R. Duterte administration. As a person I tend to be very trusting and given to allowing a new person the benefit of the doubt. And reviewing his speeches, taking away the cursing and the personal attacks, I thought I heard him say the following which I liked. I wrote then:
PhilWeb buys e-Games site in Cagayan de Oro
PHILWEB Corporation on Monday said its subsidiary BigGame, Inc. has acquired a Philippine Amusement and Gaming Corporation (PAGCOR) e-Games site in Cagayan de Oro City.
Shares climb as Wall Street cheers payrolls data
THE Philippine Stock Exchange index climbed on Monday, reflecting the positive performance of markets in the United States, alongside optimism for the local central bank to leave policy rates unchanged.
Entertainment (08/08/17)
Cinematography lecture
DIRECTOR and cinematographer Mark Gary, who has an extensive background in television, and has been cited for several award-winning music videos, short and feature-length films, will conduct a lecture-demo entitled Alt-Photo: Video Documentation of Performing Arts at the Multimedia Room of the Museum of Contemporary Art and Design (MCAD) at the De La Salle-College of Saint Benilde on Aug. 10, 3 p.m. The seminar will highlight the use of videos for promotion, archiving, employing it as part of the performance, and using it as a substitute of the live show to reach a larger audience. The lecture is part of the public programs of MCAD Manila’s current exhibition, Re-enactments which runs until Sept. 10. The lecture is free and open to the public. For more information, visit www.mcadmanila.org.ph. MCAD is located at the DLS-CSB School of Design and Arts Campus, Pablo Ocampo Ave. (formerly Vito Cruz), Malate, Manila.
Saudi Arabia builds new cities in the sand to move beyond crude oil
RIYADH — After relying on oil to fuel its economy for more than half a century, Saudi Arabia is turning to its other abundant natural resource to take it beyond the oil age — desert. The kingdom is converting thousands of square kilometers of sand into new cities as it seeks to diversify away from crude, create jobs and boost investment.
Dolphins woe Cutler
When Jay Cutler “retired” in May to join the Fox broadcast booth, he evidently did so with mixed emotions. From all indications, he wanted to keep playing, ideally for the Bears (whose colors he donned for the last eight years, but whose signing of Mike Glennon from free agency sealed his departure), and then for any franchise on the market for quarterbacks (a not-unreasonable sentiment given the relative dearth of competition). As he explored his on-field options, however, it became clear that he wasn’t in demand; conventional wisdom saw him being passed over for less-talented competition due to his reluctance to assume leadership mantles, his dry personality, and his seeming penchant for snatching defeat from the throes of victory. And so he accepted his fate. “You are either forced to leave or you love the desire to do what’s required to keep going. I’m in between those situations at this point in my life.”
China’s bank regulator lets crackdown deadline slip due to stability concerns
BEIJING/SHANGHAI — China’s banking regulator has extended by two months a June deadline for banks to submit risk assessments over concerns it was putting strain on the lenders, two sources with direct knowledge of the matter said.
Pence denies eyeing presidential bid amid distance with Trump over Russia
WASHINGTON — US Vice-President Mike Pence on Sunday denied that he is preparing for a presidential election run in 2020, saying the suggestion is “disgraceful and offensive.”