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Filipino youth more ready than SE Asian peers to work abroad

MORE THAN half of Filipino youth want to go abroad to land jobs, while the Philippines had the smallest percentage of this segment saying they would like to stay in the country to work, according to an online survey covering six Association of Southeast Asian Nations (ASEAN) members which the World Economic Forum published on Aug. 16.

More companies close in on maiden share sale

COCONUT PRODUCTS manufacturer Axelum Resources Corp. and home improvement retailer AllHome Corp. are one step closer to launching their market debuts after securing clearance from the Securities and Exchange Commission for their initial public offering (IPO).

Developers urged to tap traditional firms to offset declining demand from...

OFFICE PROPERTY developers should tap the country’s traditional businesses to complement the continuous growth of offshore gaming operators and offset the weakening expansion of outsourcing firms, a global property services firm said.

TIHGI aims to delist by October

TRAVELLERS International Hotel Group, Inc. (TIHGI) targets to delist from the local bourse by October, after starting a tender offer for up to P8.71 billion worth of shares on Monday.

New DMCI Homes QC condo to rise near MRT station

DMCI PROJECT Developers, Inc. is building a new residential condominium just a few steps away from the Metro Rail Transit Line 3 (MRT-3), and a proposed subway station.

Kris Aquino’s horror film pulling out from MMFF

WHAT WAS supposed to be Kristina Bernadette “Kris” Aquino’s comeback horror film is pulling out from the Metro Manila Film Festival (MMFF), though no formal statement has come from the festival’s executive committee (Execom).

Spotify to test a more expensive version of its service

SPOTIFY Technology SA plans to sell a more-expensive version of its music service in Scandinavia, a test to see whether it can raise prices around the world, according to people familiar with the matter.

LRMC begins civil works on Cavite extension

THE operator of the Light Rail Transit Line 1 (LRT-1) is set to begin the civil works on the railway’s extension to Cavite next month.

Safe-haven units under pressure on hopes of central bank easing

TOKYO — Safe-haven currencies such as the yen and Swiss franc were under pressure on Monday as expectations that policy makers would unleash new stimulus eased immediate concerns about a slowing global economy.

China’s new lending benchmark to be based on medium-term rates

BEIJING/SHANGHAI — China’s announcement of key interest rate reforms over the weekend fueled expectations of an imminent reduction in corporate borrowing costs in the struggling economy, boosting share prices on Monday.

PAGCOR freezes online gaming applications pending review

THE Philippine Amusement and Gaming Corp. (PAGCOR) said Monday that it is suspending acceptance of applications for offshore gaming licenses pending a review of the operations of the Philippine Offshore Gaming Operators (POGO) sector.

Senator backs locating POGOs away from military bases

A SENATOR called for online gaming companies, known as Philippine Offshore Gaming Operators (POGO), to locate their operations away from military bases.

The psyche of the Filipino voter

In her column last Wednesday, my friend Tess Abesamis attempts to understand why we seem to “elect so many undesirables.” She is no psychologist, having taken only the basic three units in college, according to her, but she came across Abraham Maslow’s paper on the Hierarchy of Needs. Tess finds in Maslow’s theory the explanation for the “atrocious kind of leaders we have today.”

PCC, LTFRB, MMDA and transportation woes

There is more proof that Metro Manila traffic is among the worst in the world. Numbeo has quantified a “traffic index” for major cities around the world, shown in the table below. For brevity, I removed two columns -- Time expended index and CO2 emission index.

Thomas claims BMW title by three strokes

CHICAGO -- Justin Thomas faltered in the final round at the BMW Championship on Sunday but held on for an ultimately comfortable three-stroke victory at Medinah in suburban Chicago.

Mobile Legends: Adventure steadily gaining following

SINCE ITS official release on Apple Store and Google Play last June, Mobile Legends: Adventure (MLA) has become the number one downloaded game in several countries including the Philippines, Malaysia, Singapore, Indonesia, and Cambodia. It has garnered over six million downloads and counting.

Anti-mining advocate Gina Lopez dies after battle with cancer

REGINA Paz “Gina” L. Lopez, the former Environment secretary who rattled the mining industry after she shut down erring large-scale operations, has died. She was 65.

Locsin threatens to fire off protests vs China

THE Philippines has threatened to fire off diplomatic protests after another over Chinese warships in its territorial waters.

PCSO, sin taxes could be tapped to fund SDG programs

A BILL creating a special fund for the implementation of programs and projects to attain the Sustainable Development Goals (SDG) and Ambisyon Natin 2040 has been filed in the Senate, with sweepstakes, gaming and sin taxes proposed as the sources of funding.

Energy firm considering nuclear power facility in Tawi-Tawi, Sulu

SULU SEA Energy Resources Development Corp., a new entrant in the energy and petroleum exploration sectors, may well be the first local company to come forward under the present administration with plans to put up a nuclear power station.

BIR still has no official count of POGO workers

THE Bureau of Internal Revenue (BIR) said it requires more interagency cooperation to properly estimate the number of workers employed by the Philippine Offshore Gaming Operation (POGO) industry.

Airline regulator drawing up penalties for ‘chronic delays’

THE CIVIL Aeronautics Board (CAB) is crafting a penalty scheme to punish airlines for “chronic delays.”

State auditors flag PNU overpayment

STATE-OWNED Philippine Normal University has overpaid P1.72 million to faculty members whose teaching overload occurred during regular work hours, state auditors said.

Regulator blacklists 21 recruitment firms

THE PHILIPPINE OVERSEAS Employment Administration (POEA) has blacklisted 21 foreign recruitment firms and direct employers to protect Filipinos seeking to work abroad.

Thomas cards course-record 61 for six-stroke lead at BMW

CHICAGO -- Justin Thomas enjoyed “one of those freaky days in the zone” as he carded a course-record 11-under-par 61 to vault to a six-stroke lead in the third round at the BMW Championship in suburban Chicago on Saturday.

Philippine’s SEA Games bet IM Paulo Bersamina rules GM Rosendo Balinas...

INTERNATIONAL Master (IM) Paulo Bersamina, one of the country’s top bets in this year’s Manila Southeast Asian Games ruled via tiebreak the qualifying round of the Grandmaster Rosendo Balinas Jr. Memorial Chess Tournament was held at Alphaland Makati Place in Makati City on Saturday.

Ayala unit advancing plans to build new energy capacity

AYALA-LED AC Energy, Inc. has advanced by a year its plan to build new energy capacity in the Philippines as it expects energy supply and demand in the country to reach equilibrium by 2021, or earlier than its previous forecast of 2022.

Delbros investing P90 million to expand sugar harvesting equipment line

DELGADO BROTHERS (Delbros) Group said it hopes to double its fleet of Cane Express (CaneX) line of farming machinery through a P90-million investment for the next two years.

Cult-favorite Japan skincare brand now available in PHL

CULT-FAVORITE Japanese skincare brand Hada Labo has finally launched in the Philippines, a feat which took years to do, according to a brand representative.

Property firms report higher Q2 earnings

PROPERTY developers generated mostly higher earnings in the second quarter of 2019 due to strong sales and leasing revenues, as well as lower project costs.

Pagani unveils 800hp Huayra Roadster BC

A COMPLETELY new Roadster creature. A tribute to scientific research, beauty, and uniqueness. An unprecedented technical challenge. To exceed the customer’s expectations. This is the mission and how, in 2017, the idea of the Huayra Roadster BC came to life. From a curious set of circumstances, a demanding research project was launched with a meticulous, almost obsessive focus on details and design in order to create a highly distinctive, street-legal Pagani hypercar that would combine the unparalleled sensations of driving a roadster with the most advanced technology available today.

DAR distributes over 120 hectares to Quezon coconut farmers

THE Department of Agrarian Reform (DAR) said it distributed 120.5 hectares of land to 50 coconut farmers in San Francisco, Quezon.

Simplified routine

I HAD previously used Hada Labo products from the core line when they were sent over from Japan by relatives, and while I remember that my skin loved the products, it was a problem getting them regularly enough to become staples so I stopped using them for a couple of years.

Subaru extends comprehensive warranty to 5 years (or 100,000 kms)

MOTOR IMAGE PILIPINAS, Inc., the exclusive distributor of Subaru vehicles in the Philippines, is pleased to announce that its comprehensive warranty coverage for new Subaru cars will be increased to five years or up to 100,000 kms (whichever comes first) from July 2019.

Peso to trade sideways

THE PESO is seen to trade sideways this week as the market awaits developments in the ongoing trade dispute between the world’s two largest economies.

US eyes 50- and 100-year debt

WITH interest rates on 30-year US debt hitting all-time lows last week, the government is once again considering whether to start borrowing for even longer.

An idea for Isko: urban ecozones

Manila Mayor Isko Moreno has been rightly hailed for reclaiming public space by removing illegal vendors plying their trade by occupying streets and sidewalks. However, some critics have pointed out that these vendors are merely trying to earn a living and would suffer tremendously if they were removed or relocated.

Making Philippine tourism compete at higher levels

Last week, the Department of Tourism (DoT) announced that foreign arrivals breached the 4.1 million mark in the first semester of the year, an 11.43% increase from last year. It expressed confidence that it would meet its whole year target of 8.2 million visitors.

LIPAD takes over operations of Clark airport

LUZON International Premier Airport Development Corp. (LIPAD) on Friday formally took over the operations and management of the Clark International Airport.

12 arrested for investment scams

THE Securities and Exchange Commission (SEC), together with the National Bureau of Investigation (NBI), has arrested 12 people who are allegedly involved in investment scams.

Defense Chief annoyed over presence of Chinese navy in PHL waters

DEFENSE Secretary Delfin N. Lorenzana on Friday expressed his annoyance over the continuous presence of Chinese warships in Philippine waters.

KKR, Blackstone among bidders for stake in MPIC hospital unit

SINGAPORE — Buyout firms KKR, Blackstone and CVC are among bidders competing for a stake in the hospital unit of Philippines’ Metro Pacific Investments Corp. (MPIC), people with knowledge of the matter told Reuters.

Crown Asia profit rises by 53% in Q2

CROWN Asia Chemicals Corp. reported a 53% increase in its net income in the second quarter, driven by improved infrastructure operations, higher sales, and wider market reach.

Peso gains ground on upbeat US data

THE PESO ended stronger on Friday as traders took profit after favorable July retail sales data from the United States.

Data show state offices catching up with spending plan

SPENDING CATCH-UP was under way as of July, according to data the Department of Budget and Management (DBM) released on Thursday, as state offices moved to make up for subdued expenditures for much of last semester due to the four-month delay in enactment of this year’s national budget.