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Regional inequality narrows in 2018 as poorer areas grow faster

REGIONAL inequality in the Philippines eased in 2018 compared to 2016 and 2017, the Department of Finance (DoF) said in an economic bulletin on Friday, citing lower measures of variability in regional domestic product.

Globe makes case for energy-saving benefits of more cell towers

GLOBE TELECOM, Inc. is calling for the easing of restrictions on building passive telecommunications infrastructure such as cell sites, claiming that easier rules would aid network operators in operating more efficiently by reducing power consumption.

DA request for emergency procurement of X-Ray machines approved

THE Department of Agriculture (DA) said it will tap a Quick Reaction Fund (QRF) to buy 20 X-ray machines to be deployed in various ports to guard against the entry of pork from African Swine Fever (ASF)-affected countries.

Bong Go biggest spender in senatorial race

WITH 11 of the 12 senators who won in the 2019 midterm elections having submitted their reports on campaign expenses and contributions before the June 13 deadline, the top spender turned out to be former presidential special assistant Christopher Lawrence “Bong” T. Go who spent over P161 million on his campaign.

DoJ indicts WellMed officer, whistleblowers for estafa

THE Department of Justice (DoJ) indicted an officer of WellMed Dialysis and Laboratory Center Corp. and the two whistleblowers for several counts of estafa through falsification of data in connection with the “ghost” dialysis claims which were paid by the Philippine Health Insurance Corp. (PhilHealth).

Resorts World to reopen casino’s 2nd floor two years after deadly...

TRAVELLERS International Hotel Group, Inc. (TIHGI), the owner and operator of Resorts World Manila (RWM), expects double-digit growth in gross gaming revenues (GGR) as reopens the second floor of its casino area in July, two years after a gunman shot up the casino and started a fire that killed 36 people.

Belmonte says IRR for QC gambling ordinance to be made in...

QUEZON City Mayor-elect and outgoing Vice-Mayor Maria Josefina G. Belmonte said the city ordinance which will regulate gaming firms and require city residents to pay entrance fees to casinos may be implemented in her term as mayor.

Peso declines on US-Iran tensions

THE PESO declined against the dollar on Friday, dragged by geopolitical tensions between the United States and Iran.

DoTr says airlines agree to transfer turboprop flights to Sangley Airport

THE Department of Transportation (DoTr) said local airlines have agreed to operate flights that utilize turboprop planes at the Danilo Atienza (Sangley) Air Base, as the government prepares to open the airport for more flights before the year ends.

Gov’t to issue Marawi bonds for large-scale infrastructure projects

THE GOVERNMENT is looking to issue its planned Marawi bonds to help fund large-scale infrastructure projects covered by the second phase of the rehabilitation plan for the city, the Finance department said in a statement on Thursday.

TBGI ties up with Chinese firm for roll out of common...

LISTED Transpacific Broadband Group International, Inc. (TBGI) said it is working with a China state-owned firm for the roll out of common towers for mobile network operators in the country.

Musicians lament reported loss of recordings in old Universal fire

LOS ANGELES — Several big-name musicians voiced dismay on Wednesday that some of their recordings may have been among thousands of original masters that The New York Times Magazine reported were lost in the Universal Studios Hollywood backlot fire of 2008.

Ai-Ai’s latest comedy tackles fitting in with Millennials

OLDER PEOPLE trying fit in with millennials and eventually finding love with each other is the crux of the story of Rechie del Carmen’s comedy Feelennial which opens on June 19 in cinemas nationwide.

Angkas to start pilot run within the month

ANGKAS (DBDOYC, Inc.) is targeting to start the six-month pilot run of motorcycle taxis before the end of June, as the Department of Transportation (DoTr) tapped the ride-hailing firm to work with the government in studying the public transport alternative.

Davao dialysis centers, hospitals starting to feel impact of nurse shortage

DAVAO CITY -- Officials of the Southern Philippines Medical Center (SPMC), the biggest government hospital in Mindanao, said hospitals and hemodialysis (HD) centers in Davao City are facing a “brain drain” of nurses amid the rising number of patients with kidney-related diseases.

Far from devalued, euro surges as trade war hits yuan

LONDON — If evidence is needed of how far ripples from the Sino-US trade war are reaching, have a look at Europe where the yuan’s slump is driving up the euro’s value against trade partners’ currencies, handicapping the export-reliant bloc’s economy.

Amazon Web Services to offer second year of cloud skills training...

AMAZON Web Services (AWS), a unit of Amazon.com, said it has started to offer a second year of cloud technology training sessions for higher educational institutions, expanding beyond Metro Manila to include participants in other parts of Luzon as well as Cebu and Davao.

Regulated Bitcoin futures markets boom as investors seek a safer ride

LONDON — When Bitcoin was born it was a symbol of counterculture, a rebel currency with near-anonymity and a lack of regulation. A decade later, there are growing signs it’s entering the establishment its creators sought to subvert.

Huge funding requirement for teacher pay hikes

PRESIDENT Rodrigo R. Duterte said it may take time to honor a campaign promise to raise teachers’ salaries because there are “millions” of educators in government schools.

BMW exploring parts supply network in PHL

BMW AG is exploring the possibility of ordering more auto parts from the Philippines, according to the Department of Trade and Industry (DTI), which will organize a business matching event to line up potential suppliers for the German automaker.

MORE passenger safety and the LTFRB

Passengers and commuters want convenient, safe, and faster mobility to reach their destinations. There is great inconvenience for people who take multiple rides (tricycle, jeep or bus, MRT/LRT, jeep again to destination, reverse the process going back home). Taking a taxi is good but there are many complaints like choosy drivers, robbery, or sex molestation inside the cab, etc.

The hubris of liberal progressive ‘education’

In essence, to be simple about it: we know that human nature has worked this way for millennia, we know that human experience showed us the limitations of human intellect and comprehension, that our beings come with certain flaws and restrictions.

Duque assures ‘anti-corruption’ health care rules

HEALTH SECRETARY Francisco H. Duque III gave assurance that “anti-corruption” measures will be included in the guidelines for the implementation of the Universal Health Care (UHC) Act amid the ongoing probe on irregularities involving service providers and the Philippine Health Insurance Corp. (PhilHealth).

VP Robredo asks SC to immediately resolve Marcos electoral protest

VICE-PRESIDENT Maria Leonor G. Robredo on Thursday asked the Supreme Court, acting as the Presidential Electoral Tribunal (PET), to immediately resolve all pending incidents involving the electoral protest of former senator Ferdinand “Bongbong” R. Marcos, Jr. after the termination of the ballots recount.

Winless San Miguel, Magnolia look to catch a break

STILL WINLESS in the ongoing Philippine Basketball Association Commissioner’s Cup after two games, the San Miguel Beermen and Magnolia Hotshots Pambansang Manok look to barge into the win column when they take on separate opponents in league action today at the Mall of Asia Arena.

Basketball journey continues for Cariaso with values-driven programs

NEARLY a decade removed from playing in the Philippine Basketball Association, the hoops journey continues for Jeffrey Cariaso through two values-driven programs which he takes much pride in to be part of.

Foreign funds to continue fleeing PHL stock market

BPI SECURITIES, Inc. sees up to $600 million worth of foreign funds exiting the local stock market this year as more investors place their funds in China, following its greater weighting on the MSCI index.

SEC targets to release ICO rules later this year

THE Securities and Exchange Commission (SEC) is optimistic it can come out with the guidelines for initial coin offerings (ICO) this year as it hopes to regulate the number of businesses using this method to raise money.

Empire East to develop condo complex in Pasig-Cainta area

EMPIRE EAST Land Holdings, Inc. (ELI) will unveil over 3,000 residential condominium units this year within a recently launched township in the Pasig-Cainta area.

Price of hotdogs may jump in July — Frabelle

THE Frabelle Group of Companies said the price of hotdogs may jump by 20% next month if the government fails to retain the 5% import tariff for mechanically deboned meat (MDM) for chicken which meat processors have enjoyed for nearly a decade.

Alibaba’s smart speaker to feature in Audi, Renault, Honda cars

SHANGHAI -- China’s Alibaba Group Holding Ltd/ on Tuesday said its voice-controlled assistant will feature in local vehicles from Audi AG, Renault SA and Honda Motor Co. Ltd., as the tech giant expands in artificial intelligence (AI).

Microsoft unveils next-gen ‘Project Scarlett’ Xbox console

MICROSOFT Corp. on Sunday unveiled its next-generation Xbox console, known as “Project Scarlett,” which is set to hit store shelves during the 2020 holiday season.

Places to celebrate Father’s Day

On Father’s Day, Eastwood Richmonde Hotel’s all-day dining restaurant, Eastwood Café+Bar, is serving up unlimited steaks and crabs for P995 nett.

Therapy in the office: Big banks take mental health fight in-house

LONDON — In Billions, a US television show set in the world of hedge funds, traders at the fictional Axe Capital regularly attend sessions with an in-house psychiatrist.

Campari to hold Negroni Week later this month

ITALIAN chic is captured in every glass of Negroni. The drink was first mixed in Florence with gin, vermouth, and Campari liqueur, requested by a count from his bartender (the drink was eventually named after the count, whose last name was Negroni).

Baht, rupee firm; most trade sideways

ASIAN CURRENCIES traded narrowly on Wednesday, with the Thai baht and Indian rupee firming as investors looked to data that could raise prospects of an early cut in US interest rates.

LTFRB won’t ease driver norms for ride-sharing industry

THE Land Transportation Franchising and Regulatory Board (LTFRB) said it will not ease its accreditation requirements to deal with a potential shortage of ride-share drivers, despite appeals to temporarily allow transport network vehicle service (TNVS) operators with pending documents to stay on the road.

Japanese businesses cite martial law, lack of direct flights as main...

DAVAO CITY -- Japanese Chamber of Commerce-Mindanao Vice-President Takeyoshi Sumikawa said many potential Mindanao investors from Japan are concerned about the prevailing martial law over the entire island and the absence of direct flights, particularly to and from Davao.

After Game Five defeat, Raptors forced to regroup

TORONTO -- Canadian basketball fans did not wake up on Tuesday nursing hangovers from a championship celebration but rather with a mild sense of panic after the Toronto Raptors missed a chance to clinch a maiden NBA title.

Woods feels Durant’s pain after Achilles injury

PEBBLE BEACH, CALIFORNIA -- Knowing all too well what it is like to be struck down by injury Tiger Woods spared a thought for Kevin Durant on Tuesday, after watching the Golden State Warriors forward crumple to the floor during a game against the Toronto Raptors.

Palace not fazed should UN probe push through

MALACAÑANG expressed confidence that the call by the special rapporteurs of the United Nations (UN) for an independent investigation into alleged human rights violations in the Philippines will have no impact on the country’s membership in the international body.

CoA warns OVP, LGUs over funds for local projects

THE COMMISSION on Audit (CoA) has called out the Office of the Vice-President (OVP) to be stricter in monitoring funds disbursed to local government units (LGUs) from its budget.

Right tool for the job

If you have car engine troubles, do you bring it to a vulcanizing shop? If you have leaky plumbing, do you call a mason to “cement” the job? Or, if you need to tighten a screw, do you get a hammer? I guess the answers to these questions are pretty obvious, right? Common sense dictates that you use the right tool for the work required.

Break up big tech or not, society should know the technical...

AGAINST the backdrop of growing unease worldwide about the power of big technology companies, whether governments should break them up has become a common talking point.

Investment pledges climb 40% in January-May

FRESH PROJECTS pledged at the Board of Investments (BoI) in the first five months of the year climbed 40.1% from a year ago, with power projects spurring the growth.