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Economic managers tout infrastructure, reform gains to US businessmen

STATE economic managers flew to Washington D.C. last week to showcase the country’s infrastructure developments and economic reforms, in efforts to woo more foreign firms to invest in the Philippines.

SC slams OSG on drug-war documents

THE SUPREME COURT (SC) said the government’s releasing of documents in connection with its drug war does not pose a threat to national security.

Sison blames military ‘diehards’ for disruption of peace talks

COMMUNIST PARTY of the Philippines (CPP) founder Jose Maria C. Sison blamed anew the military for the delay in peace talks between the government and communist rebels.

Galunggong imports to be suspended as fishing season opens

THE Department of Agriculture said that it is planning to suspend the importation of round scad, or “galunggong,” as the fishing season for the species opens.

Russian company orders 2 tons of mangoes a week from Guimaras...

THE Department of Agriculture (DA) said a Russian company has placed an order of 2 million tons of mangoes a week with growers in Guimaras.

Rockwell earnings jump 21% in 2018

ROCKWELL Land Corp. saw its earnings jump by a fifth last year, driven by higher leasing income from the Power Plant Mall’s expansion and sustained reservation sales for its residential projects.

MacroAsia books P1-B profit

MacroAsia Corp. recorded a 3% increase in its bottom line, as elevated costs dampened the sustained revenue growth of its in-flight catering units.

Risks to inflation “evenly balanced”

INFLATION RISKS are seen “evenly balanced” this year, even with the rise in prices expected to settle firmly within the government’s target, the Bangko Sentral ng Pilipinas (BSP) said.

Peso ends flat on positioning ahead of break

THE PESO was steady against the dollar on Wednesday amid volatile trading and positioning by market players ahead of the Holy Week break.

2019 budget cut down to P3.66 trillion after veto

MALACAÑANG on Tuesday said the P95.3-billion allocations President Rodrigo R. Duterte vetoed in the original P3.757-trillion national budget for 2019 were found to be “unconstitutional.”

Work under way to move up Doing Business list

THE PHILIPPINES is targeting an improvement in rank in the World Bank’s annual Doing Business survey to above 95th place by 2020 from 124th out of 190 economies in the 2019 report, as the government said it has been pursuing reforms to improve the regulatory environment for businesses.

Manila Water accepts COO’s resignation

MANILA WATER Co., Inc. said on Tuesday that it had accepted the resignation of Geodino V. Carpio, its chief operating officer (COO) during the time when the water concessionaire’s customers in Metro Manila’s east zone started experiencing water shortage.

Therma Visayas says it starts delivering energy to the grid

THE first 170-megawatt (MW) unit of Therma Visayas, Inc. has started delivering energy to the grid, the company’s parent firm told the stock exchange on Tuesday, adding to much-needed power after the recent supply deficiency problems.

Notre-Dame Cathedral: 5 facts

NOTRE-DAME Cathedral went up in flames on Monday in a roaring blaze that devastated the Parisian landmark, a searing loss for the city and for France. Here are five facts on the Gothic masterpiece that celebrated its 850th jubilee in 2013:

7 go-to Manila churches for Visita Iglesia

A HOLY WEEK tradition among Filipino Roman Catholics is Visita Iglesia (visit churches). On that day Catholics visit seven (or more) churches to reflect and pray before the Blessed Sacrament in each church. Many residents of the metropolis opt to visit seven churches within the original city of Manila as they are not too far from each other.

Allianz PNB Life names Grenz as new president

ALLIANZ PNB Life Insurance, Inc. has named its new chief executive officer (CEO) effective June as its current head will be moving internally.

People’s Bank of China calls for more policy coordination to support...

BEIJING — China’s central bank on Monday called for more coordination between the country’s monetary policy, fiscal policy and other policies as Beijing seeks to fend off risks and maintain stable economic growth.

NFA shores up inventory with domestic palay procurement of 1.26 million...

THE National Food Authority (NFA) said Tuesday that its purchases of palay, or unmilled rice, amounted to 593,123 bags during the month as of April 12, bringing its running total for the year to 1.26 million bags.

Agri dep’t may limit pork, poultry imports amid overflowing cold storage

THE Department of Agriculture (DA) said that it is looking to “rationalize” the importation program for both hog and poultry due to high levels of inventory in cold storage, beginning with a study to determine the market’s capacity to absorb imports amid demands for greater protection for growers.

Where are the patriots?

One of the most touching chapters in El Filibusterismo, Jose Rizal’s sequel to the Noli Me Tangere, was when Padre Florentino asked plaintively, “Where are the youth who will consecrate their golden hours, their illusions, and their enthusiasm to the welfare of their native land? Where are the youth who will generously pour out their blood to wash away so much shame, so much crime, so much abomination?”

State sovereignty, the ICC, and the South China Sea submission

The International Criminal Court (ICC) has made headlines in the past month. The withdrawal of the Philippines from the Rome Statute took effect on March 17. This prevents the court from potentially investigating drug-related killings committed after this date, and would find it more challenging to continue its current preliminary examination activities.

Palace says US assistance in sea row needs ‘serious study’

MALACAÑANG on Tuesday said tapping the United States amid the latest tensions with China over the West Philippine Sea needs “serious study.”

PNP asks Comelec to remove security for narco-politicians

THE PHILIPPINE National Police (PNP) has requested the Commission on Elections (Comelec) to strip off security escorts for alleged narco-politicians running this coming midterm elections.

Sixers ride 51-point 3rd quarter to rout Nets; Clippers nip Warriors

LOS ANGELES -- The Philadelphia 76ers seized control in a 51-point third quarter, set a team record for points in a quarter and a playoff game, and evened their first-round series at one game apiece with a 145-123 victory over the visiting Brooklyn Nets on Monday night.

Kaya, PSM reengage for AFC Cup Group H leadership

KAYA FC-ILOILO meets up anew with PSM Makassar of Indonesia today in AFC Cup Group H action at the Panaad Park and Football Stadium in Bacolod City with an eye on group leadership.

Remittance growth slowest in six months

MONEY SENT HOME through banks by Overseas Filipino Workers (OFWs) -- which fuels household spending that, in turn, contributes nearly 70% to gross domestic product -- grew in February, according to data the central bank released on Monday, but at the slowest pace in six months due to what one analyst said was muted business confidence in the face of global uncertainties.

SEC issues rules for listed firms’ reports on sustainability

THE SECURITIES and Exchange Commission (SEC) has formally launched the sustainability reporting guidelines for publicly listed companies (PLCs), which will be required to submit their sustainability reports starting next year.

Don’t like surprises? AI predicts who survives Game of Thrones

MUNICH — If you are a Game of Thrones fan and appreciate the element of surprise, stop reading now.

More condominiums sprouting up outside CBDs

DEVELOPERS are now building condominiums outside of traditional central business districts (CBDs), as land in Makati and Bonifacio Global City become more difficult and expensive to acquire.

Universal Robina earnings slide in 2018

UNIVERSAL Robina Corp. (URC) saw its net income attributable to equity holders of the parent slide 15% to P9.2 billion in 2018, which was attributed to lower operating income, higher net finance costs, and foreign exchange losses.

For the ultimate GoT fan: How to speak Valyrian

NEW YORK — American linguist David J. Peterson may have built up the unique and ancient languages for the television series Game of Thrones but when it comes to who speaks Valyrian best, there’s no contest.

Federal Land sees high demand for luxury condominiums in PHL

FEDERAL LAND, Inc. is aiming to take advantage of the increasing demand for luxury residential condominiums with its two-tower Grand Hyatt Manila Residences in Taguig City.

SSI profit surges 121% on strong 4th quarter sales

SSI GROUP, Inc., Philippine retailer of Gucci, Zara and Gap, reported a 121% surge in net profit to P608.43 million in 2018, fueled by robust fourth-quarter sales.

Asia’s tech firms posing challenge for traditional banks as clients go...

HONG KONG — Asia’s internet firms are challenging the region’s traditional banks for consumer finances, tapping their massive user networks for business and following a trail blazed in China by tech giants Alibaba and Tencent.

PNB to raise P5 billion in funds via peso bonds

PHILIPPINE NATIONAL Bank (PNB) is set to offer about P5 billion in peso-denominated bonds, with the amount raised to be used to support lending activities and diversify funding sources.

Auto sales pick up in March

AUTO SALES growth picked up in March from a nearly flat increment in February -- after 12 consecutive months of decline blamed on higher excise tax rates that took effect in January 2018 -- although this was not enough to pull the first quarter out of contraction, according to data released on Monday by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association.

Mnuchin says hopes US-China trade talks nearing ‘final round’

WASHINGTON -- US Treasury Secretary Steven Mnuchin said on Saturday a US-China trade agreement would go “way beyond” previous efforts to open China’s markets to US companies and hoped that the two sides were “close to the final round” of negotiations.

Combination of Executive and Non-executive Directors

Section II(1)(A) of the Original CG Code has essentially been carried forward into the Revised CG Code which basically empowers the Board to reconstitute the “Composition of the Board” between executive and non-executive directors, thus.

Plowshares pounded from swords now cultivate economic growth

Almost 28 years ago, in September 1991, 11 senators rose on the Senate floor to warn of war, hunger, pestilence, and disease if the Treaty of Friendship, Cooperation, and Security between the Republic of the Philippines and the United States of America was rejected. Here are excerpts of their grim predictions.

With Holy Week break, ROS sees Game 3 crucial

CURRENTLY holding a 2-0 series lead in their best-of-seven PBA Philippine Cup bracket, the Rain or Shine Elasto Painters are still not leaving anything to chance and has vowed to continue working and making things happen, especially since the Philippine Basketball Association is to take a break for the Holy Week.

Bucks obliterate short-handed Pistons

LOS ANGELES -- Giannis Antetokounmpo racked up 24 points, 17 rebounds and four assists in only 23 minutes as the top-seeded Milwaukee Bucks overwhelmed the visiting Detroit Pistons 121-86 in their Eastern Conference playoff opener on Sunday.

Rappler motion on cyber-libel denied

MANILA regional trial court (RTC) Branch 46 has denied for lack of merit the appeal of Rappler, Inc. and its CEO and Executive Editor Maria A. Ressa and former researcher Reynaldo Santos, Jr. to dismiss their cyber-libel case, with the arraignment of the case thus proceeding on April 16.

Sison warns against Duterte’s peace plan

COMMUNIST Party of the Philippines founder Jose Maria C. Sison has warned consultants of the National Democratic Front of the Philippines (NDFP) as well as “the Filipino people” about President Rodrigo R. Duterte’s plan to form a new panel to negotiate with communist rebels.

P4.1-trillion 2020 national budget set

TROUBLES with this year’s national spending plan notwithstanding, the Budget department has earmarked cash-based 2020 appropriations that are nearly a tenth bigger year-on-year as the government pushes infrastructure development and social services, according to an April 12 National Budget Memorandum.

Bourse cites tack to bring down broker ownership

THE Philippine Stock Exchange, Inc. (PSE) said it will have to issue about P5 billion worth of shares to bring down broker ownership, in an effort to comply with the single industry ownership limit.