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Biomass dev’t pushed to foreign investors

THE DEPARTMENT of Energy (DoE) has opened biomass energy development to full foreign ownership to encourage growth of the sector that has lured only a few investors even after the feed-in tariff (FiT) scheme gave them a fixed, subsidized rate for their power output.

House backs relaxation of bank secrecy

LIFTING of bank secrecy restrictions, as pushed by the Finance department and the central bank, will find ready support anew in the House of Representatives, the chairman of the chamber’s Ways and Means committee said in a mobile phone message last weekend.

DTI looking to expand output of ‘hit’ overseas products like ube

THE Department of Trade and Industry (DTI) said it hopes to expand production of foods that are in demand overseas, to take advantage of fads for products like ube, or purple yam.

PSE plans another share buyback

THE PHILIPPINE Stock Exchange, Inc. (PSE) is planning to launch another share buyback before the year ends in line with reducing broker ownership in the local bourse to 20%.

Manila FAME 2019 pays homage to heritage

CHANDELIERS, wallcoverings, doors, and mirrors adorned with laminated capiz shells (windowpane oyster) are among Shell Arts Co. Inc.’s houseware pieces that have been showcased since Manila FAME began in 1983.

Meat industry sees holiday ham shortage in Mindanao, Visayas due to...

THE PHILIPPINE Association of Meat Processors, Inc. (PAMPI) said it forecasts a shortage of ham in the Visayas and Mindanao due to local bans on pork products from Luzon, where the African Swine Fever (ASF) outbreak is centered.

Chevrolet launches new Colorado Trail Boss

THE COVENANT Car Company, Inc. (TCCCI), the exclusive importer and distributor of Chevrolet automobiles and parts in the country, introduces a new icon of toughness to further strengthen its already powerful selection of pickup trucks -- the new Chevrolet Colorado Trail Boss.

Cebu Pacific to launch Clark-Guangzhou flights

BUDGET CARRIER Cebu Pacific said it is set to launch in November direct flights between Clark in Pampanga and Guangzhou, China amid increasing demand for leisure and business travel.

Normann Copenhagen’s cheerful Danish design arrives in the Philippines

DANISH furniture company Normann Copenhagen has opened its first franchise store and its Asian flagship store in Bonifacio Global City in Taguig in recognition of the growth it has experienced in the region.

Triumph bikes, Shelby added to Autohub range

THE PERFORMANCE brand founded by the late great American automotive designer, racer, and entrepreneur Carroll Shelby; and the iconic British motorcycle maker Triumph -- are seemingly disparate entities that now have something in common. They both have found a Philippine partner in the Autohub Group.

Yields on government debt end flat ahead of RRR cuts

YIELDS ON government securities (GS) ended flat last week on expectations of another cut on banks’ reserve requirement ratios (RRR) and as inflation slows further.

Peso may climb further on US-China trade talks

THE PESO may climb further on corporate flows and amid continued optimism regarding the trade talks between the United States and China.

DTI’s worst case for CITIRA job losses is 900,000

A TRADE official said his worst-case scenario for job losses resulting from incentive rationalization is 900,000, assuming a 100% pullout of manufacturing locators from economic zones.

TUCP calls on DoLE for more safety nets if CITIRA legislation...

A MAJOR UNION said Sunday that the Department of Labor and Employment (DoLE) needs to be ready with measures to deal with job losses resulting from the passage of legislation that will become the Corporate Income Tax and Incentives Rationalization Act (CITIRA) if signed.

Guevarra orders close monitoring of BuCor reforms

JUSTICE SECRETARY Menardo I. Guevarra has directed the department’s interim oversight committee to “closely monitor” reforms being implemented at the Bureau of Corrections (BuCor).

Illegal drug campaign, cleansing tasks for new NCR police chief

METRO MANILA’S new police chief, Brigadier General Debold M. Sinas, is expected to continue with the government’s controversial war against illegal drugs and the ongoing revitalized internal cleansing program, according to the new Philippine National Police (PNP) Directorial Staff chief.

Carlos Yulo makes it a double celebration for PHL gymnastics

An eventful week for Philippine gymnastics finished at another high on Saturday after Carlos Edriel Yulo bagged the country’s first-ever world artistic gymnastics gold at the 2019 World Artistic Gymnastics Championships in Stuttgart, Germany.

Ceres-Negros FC secures third straight PFL title

FOR the third straight year Ceres-Negros FC is the Philippines Football League (PFL) champion and it did it in style, coming from behind to bag the title.

Cum si, cum sa for Governance

Comme ci, comme ça,” the critical and exacting French would say for something that would not meet the superlatives of quality and aesthetics they are generally attributed with. In English, its idem sonans (sounds-like) is “cum si, cum sa,” like if someone asks you, “how are you?” you might reply, “cum si, cum sa,” meaning you are feeling not good, not bad, just average. “Cum si, cum sa” means “so-so.”

Spanish beef!

Pending final clearance from the Department of Agriculture (DA), Spanish beef will soon be available for Filipino consumers to enjoy. It will compete head to head with beef imported from the US, Australia, New Zealand, Canada, and Japan, all of whom have dominated the premium segment of the market. Spanish beef promises superior quality across its entire range of cuts and grades at more competitive prices. With more options and greater value, this development is a win for the Filipino consumer.

AMRO cuts PHL growth forecast anew

THE ASEAN+3 Macroeconomic Research Office (AMRO) has slashed its gross domestic product (GDP) growth forecast for the Philippines this year and 2020, due to “heightened uncertainties in the external environment.”

MWSS: Water firms cannot pass on SC penalties to consumers

WATER concessionaires Manila Water Co. and Maynilad Water Services, Inc. are not allowed to pass on the financial penalties imposed by the Supreme Court to its consumers, the regulator said on Friday.

Panelo blames Congress for traffic mess

AS COMPLAINTS about the difficulties of commuting in Metro Manila multiply, Presidential Spokesperson Salvador S. Panelo blamed Congress, saying emergency powers should have been given to President Rodrigo R. Duterte three years ago to avoid the transport issues faced today.

JBC submits shortlist for SC Associate Justice

THE Judicial and Bar Coucil (JBC) on Friday submitted its list of qualified nominees to replace Supreme Court (SC) Associate Justice Antonio T. Carpio who is retiring later this month.

Urban farming bill filed

A LAWMAKER has refiled a bill which seeks to convert idle lands in the metropolitan area into agricultural spots to grow crops to ensure food security.

Bill eyes health warning for products with high sodium content

TWO LAWMAKERS have filed a bill requiring a health warning for food products with high sodium content.

PLDT to conduct consent solicitation exercise

PLDT, Inc. is seeking to amend the terms of its seven-year and ten-year fixed-rate bonds to help it gain flexibility in raising its budget for capital spending.

8990 pays P27-M fine imposed by PCC

8990 Holdings, Inc. has paid the P27.11 million fine imposed by the Philippine Competition Commission (PCC) after its subsidiary Urban Deca Homes Manila Condominium Corporation was charged with abuse of dominance.

Banks need to digitize, tap fintech firms

THE BANKING INDUSTRY needs to go digital for survival and may seek the specialty offered by financial technology (fintech) firms for more efficient service delivery, according to bank and fintech executives on Thursday.

Peso strengthens further on hopes of US-China trade deal

THE PESO climbed further on Friday on the back of optimism on a trade deal between the United States and China.

AllHome marks strong stock market debut

ALLHOME Corp. met investor expectations at its market debut on Thursday, with its shares gaining 0.52% at the end of trading.

Trade gap shrinks as imports fall, exports grow

OVERSEAS SALES of Philippine goods grew for the fifth straight month in August but by the slowest pace in that period, while purchases of foreign goods saw their worst performance in six years that same month, making the merchandise trade gap narrow from July and from a year ago, the Philippine Statistics Authority (PSA) reported on Thursday.

MGen mulls entry into biomass energy

MERALCO PowerGen Corp. (MGen) is studying new technology for its possible entry into biomass energy development to help address the country’s garbage problem through a waste-to-energy project, its president said.

Netflix’ Insatiable tackles the backlash in season 2

WHEN Insatiable first came out last year on Netflix, it was an immediately hit but spawned a backlash about fat-shaming. But its stars remind its audience — as it enters its second season, premiering on Oct. 11 — that this is a cautionary tale, not a morality tale.

Davao retail chain NCCC prepares to handle cashless transactions

DAVAO CITY — Homegrown retail chain New City Commercial Corp. (NCCC) is positioning for more cashless transactions with Thursday’s launch of the NCCC Mastercard in partnership with Metrobank Card Corp.

Bed Bath & Beyond hires Target executive as CEO

BED BATH & BEYOND Inc. on Wednesday hired Target Corp’s Mark Tritton as chief executive officer, months after its long-time head, Steven Temares, left the company under pressure from activist investors, sending its shares up 23%.

Two Popes filmmakers hope Pope Francis is amused

LONDON — Director Fernando Meirelles is a fan of Pope Francis but says his new film, which tries to get into the head of the Argentine pontiff, also shows some of his weaknesses.

Delta pilots received record overtime while MAX crisis hit rivals

CHICAGO -- Delta Air Lines pilots are receiving record overtime, straining the airline’s labor costs, in part because it has added more flights to fill a supply gap left by the grounding of the Boeing 737 MAX at rival carriers, union officials told Reuters.

Rediscount loans drop

LOANS taken out by banks from the central bank’s rediscount window fell in September from the previous month, central bank data showed.

PHL needs to invest in knowledge capital

Parang lahat ng inyong budget puro research? Baliw na baliw kayo sa research. Aanhin niyo ba yung research” (It seems like all of your budget goes to research. You are so crazy about research. What will you do with those research?)”

Customs collections rise 13% in September

COLLECTIONS by the Bureau of Customs (BoC) rose 13% year-on-year in September on growing import volumes as well as an enhanced ability to tax due to the Tax Reform for Acceleration and Inclusion (TRAIN) Law and the Rice Tariffication Law.

Exports of wearables faltering despite trade war as investment shifts to...

THE Philippines’ failure to take advantage of opportunities from the US-China trade war is reflected in the decline of exports in wearable products, the Confederation of Wearable Exporters of the Philippines (ConWEP) said.

Cards ride 10-run 1st inning into Game 5 rout of Braves

ATLANTA -- Neither the St. Louis Cardinals nor Atlanta Braves could really put into words what happened Wednesday afternoon in the first inning of Game 5 of the National League Division Series.

San Miguel Beermen stake unbeaten record against Hotshots

THE undefeated San Miguel Beermen collide with the defending champions Magnolia Hotshots Pambansang Manok at the Philippine Basketball Association Governors’ Cup today where they hope to keep their clean slate intact.

Hazing and impunity

Last year he did sign into law Republic Act 11053, which criminalizes all forms of hazing. But when asked to comment on the death of Philippine Military Academy (PMA) cadet Darwin Dormitorio, President Rodrigo Duterte nevertheless said that hazing is impossible to stop.