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Inflation may fall below 4% in 2019 — BSP

INFLATION could “revert more quickly” to below four percent next year given non-monetary interventions to boost food supply coupled with sound policy actions from the Bangko Sentral ng Pilipinas (BSP), a senior official said.

PHL economy seen resilient amid global volatility

THE Philippine economy should remain resilient despite current volatilities bogging down global markets, although experts noted that a faster infrastructure rollout plus a kinder regime for foreign investments would add to the country’s luster.

De Lima seeks Senate probe into Michael Yang’s alleged appointment

SENATOR Leila M. de Lima wants a Senate committee to look into the appointment of foreign nationals in public office after Chinese national Michael Yang identified himself as the President’s economic adviser.

PHL, China hold ‘productive’ talks on South China Sea — DFA

THE Philippines and the People’s Republic of China on Thursday tackled steps to enhance maritime cooperation in the disputed South China Sea (SCS) waters, especially in the areas of “search and rescue, safety, environmental protection, scientific research, and fisheries.”

State-run firms’ dividends reach P34B at end-September

DIVIDENDS from state-run firms reached P34.15 billion as of September and appear headed for a fresh banner year, the Department of Finance (DoF) said on Friday.

SRA reports 18% drop in sugar prices

THE Sugar Regulatory Administration (SRA) said on Friday the farm-gate price of sugar fell 18% this month to P1,634.58 per 50 kilograms from P2,003.60 in July.

Cavite barge terminal to begin full operations in November

THE Cavite barge terminal, privately funded by International Container Terminal Services Inc. (ICTSI), is set to begin full operations next month, the Department of Transportation (DoTr) said on Friday.

Peso recovers to log fresh one-month high

THE PESO recovered on Friday to its strongest rate in over a month, supported by cues for succeeding rate hikes from the central bank coupled with big fund inflows.

China Bank raises $150M via maiden green bond issue

CHINA Banking Corp. (China Bank) has issued $150 million in green bonds to fund climate change mitigation projects.

LTFRB OK’s bus, jeepney fare hikes

THE LAND TRANSPORTATION Franchising and Regulatory Board (LTFRB) on Thursday approved fare increases for public utility vehicles (PUV), prompting the country’s biggest labor group to press for a wage hike for Metro Manila’s private sector workers at a time of successive multiyear-high monthly inflation rates.

Government, business exchange notes on dev’t imperatives

THE GOVERNMENT on Thursday renewed its call on private businesses to deepen their participation in infrastructure and technology projects.

Petron planning new refinery in Bataan

PETRON CORP. is planning to add a new petroleum refinery in Bataan that will boost its capacity by 100,000 barrels daily.

SMHC to pay for right-of-way acquisition, permits for airport

SAN MIGUEL Holdings Corp. (SMHC) has committed to shouldering the costs for right-of-way acquisition and local government permits for its proposed New Manila International Airport in Bulacan in order to secure the go signal from the Department of Transportation (DoTr).

BPO industry association expands availability of career portal

THE Information Technology and Business Process Association of the Philippines (IBPAP) said it will expand the availability of its career portal next month after initially offering the program to candidates in the provinces.

Breast Cancer Facts

• THE PHILIPPINES is at the center of the battle against breast cancer. Several reports show that the country has the highest incidence rate in Asia and is among the top 10 countries with the most cases of breast cancer. The disease is so common that one of every 13 Filipino women are expected to develop breast cancer in her lifetime.

GE to pay penalty if it falls short of French job...

PARIS -- General Electric’s new CEO told France’s finance minister on Wednesday that it would stick to his predecessor’s French job pledges or pay a penalty, the Finance Ministry said.

COD opens Garage: a VR zone and food park in one

WHAT WAS formerly a car park located inside the 6.2-acre City of Dreams Manila (COD) is now Southeast Asia’s first VR (virtual reality) zone-cum-food park. The integrated resort and casino property recently opened the Garage, featuring 10 food outlets and four VR attractions ensconced in a 2,714-square meter space.

IC sets rules for web aggregators

THE Insurance Commission (IC) has set new rules for the regulation and supervision of insurance web aggregators.

Ethics: Black, White (or Gray)?

IN celebration of the Golden Jubilee Year of Financial Executives Institute of the Philippines, FINEX launched an ethics book entitled Ethics: Black White (or Gray)? which gathered essays and actual cases from 50 well-known personalities from the government, banking and private sectors.

BoI-registered investments rise 19% in first 9 months

PROPOSED projects registered with the Board of Investments (BoI) were up 19% in the first nine months, led by energy projects, Trade Secretary and BoI Chairman Ramon M. Lopez said in a statement on Thursday.

Suspension of fuel excise hike still on, but doubts creep in

THE GOVERNMENT will continue with its plan to suspend the scheduled increase in the fuel excise tax in 2019, the Department of Finance (DoF) said, although volatility in the oil futures market is strengthening the hand of officials who want the tax increase to go ahead.

The passing of elite democracy

The filing of certificates of candidacy (COCs) by those running for the Senate ended two days ago on Oct. 17. As usual, the media focused their attention on high-profile and so-called “nuisance candidates.” But they failed to mention that the outcome of the May 2019 elections, particularly for the House of Representatives and the Senate, will be crucial to the survival of this rumored democracy.

Kavanaugh and the welcome death of the ‘living constitution’

For progressives, Brett Kavanaugh’s true alleged sin is not sexual assault. Rather, were they sincere, his crime is actually much much more horrible: Kavanaugh is a lawyer who believes and upholds the textualist and originalist schools of constitutional interpretation.

Still no order on DoJ’s motion for senator’s arrest

THERE’S STILL no order form Makati Regional Trial Court (RTC) Branch 148 on the Department of Justice’s (DoJ) motion to issue an arrest warrant and hold departure order (HDO) against Sen. Antonio F. Trillanes IV.

Senate bill seeks to fine nuisance candidates

SENATOR SHERWIN T. Gatchalian wants nuisance candidates to be penalized under his proposed measure which seeks amendments to Batas Pambansa Bilang 881 or the Omnibus Election Code.

Kershaw’s strong outing lifts Dodgers to 3-2 NLCS lead

LOS ANGELES -- Clayton Kershaw used an old-school approach Wednesday as the Los Angeles Dodgers dispatched the new-age Milwaukee Brewers to move one victory away from their second consecutive World Series appearance.

ROS Elasto Painters gun for third consecutive win

ERSTWHILE struggling Rain or Shine Elasto Painters return to Philippine Basketball Association Governors’ Cup action today, battling the Columbian Dyip with the hopes of extending their resurgence that has seen them win back-to-back games.

Competition body fines Grab, Uber P16 million

THE PHILIPPINE COMPETITION COMMISSION (PCC) has imposed fines totaling P16 million on Grab Philippines (MyTaxi.PH, Inc.) and Uber Philippines for violations of interim measures ordered on April 6 as the watchdog reviewed the companies’ March 25 acquisition deal.

Market unfazed as BSP says Espenilla to take ‘intermittent medical leaves’

BANGKO SENTRAL ng Pilipinas (BSP) Governor Nestor A. Espenilla, Jr. has extended his medical leave until the end of the month, adding that he could take “intermittent” leaves in the future.

IDC to spend up to P3 billion to expand provincial projects

IDC to spend up to P3 billion to expand provincial projects

CSS Corp. opens 2nd facility in PHL

TECH support firm CSS Corp. has opened its second delivery center in Metro Manila as part of its continued expansion in the country.

HiDok app aims to end waiting time at clinics

DAVAO CITY -- Patients waiting in line, sometimes for hours, outside a doctor’s clinic is a common sight in the Philippines, either in public or private medical facilities.

Keeping old computers may cost more than new ones

GETTING NEW devices may be more financially efficient than holding on to old ones, as replacing dilapidated hardware could be more expensive, a recent study published by Microsoft and Intel showed.

A New York City outpost

A CITY can mean many different things to many people. What is important though, is how you see the city; and how it enriches you, and how you honor it, in turn.

RCBC sees rollout of digital currency ePiso by next year

RIZAL COMMERCIAL Banking Corp. (RCBC) expects its digital currency to be fully rolled out next year, with the lender still testing the network across various communities.

A radical plan to slow climate change: Eat less meat

IF YOU want to save the planet, put down your burger. Or rather, finish it, savoring every single bite, and mentally prepare yourself not to have another until at least next week.

After hike, Fed minutes may hint on path ahead

MARKET PARTICIPANTS have a burning question for the Federal Reserve: How high will policy makers hike interest rates before pausing for a breather?

DTI touts reforms behind improved competitiveness

THE Department of Trade and Industry (DTI) said reforms promoting efficient government transactions and ease of doing business are starting to be reflected in the World Economic Forum’s 2018-2019 competitiveness report.

Peso may have risen due to BSP’s CRPP hedge

THE central bank’s Currency Risk Protection Program (CRPP) may have helped the peso strengthen against the dollar, economists said.

Going green

No, I am not from La Salle. Neither am I anti-Ateneo. But, I am pro-Green. And by Green, I mean the environment. I understand that going about change is difficult, so is moving out of comfort zones. In this sense, going Green or making our lives Green -- or doing things in ways that do not further harm the environment -- can take much time, effort, and resources.

Future-proofing our jobs to meet the Fourth Industrial Revolution

The recently concluded Annual Public Policy Conference of the Philippine Institute for Development Studies (PIDS) aptly entitled “Harnessing the Fourth Industrial Revolution (FIRe): Creating Our Future Today” aims “to promote awareness and understanding of the FIRe and encourage everyone to be proactive in preparing for and adapting to the changes that come along with this industrial era.” According to the World Economic Forum, FIRe is building on the third industrial revolution, which focused on the digital revolution but this era is “characterized by a fusion of technologies that is blurring the lines between the physical, digital, and biological spheres.” Artificial intelligence and virtual reality are just some of the tools of this rapid technological change.

La Salle beats UE, 79-59, shares 3rd place with FEU

THE De La Salle Green Archers are once again shooting in Season 81 of the University Athletic Association of the Philippines, winning their second straight game with a 79-59 pounding of the University of the East Red Warriors in the opener on Wednesday at the Mall of Asia Arena in Pasay City.

San Beda Red Lions seeking payback on Lyceum Pirates

NATIONAL Collegiate Athletic Association Season 94 leaders San Beda Red Lions and Lyceum Pirates reengage today with the former seeking some payback after falling in their first encounter in the tournament.

De Lima says Faeldon’s appointment meant to sustain pressure on her

SENATOR Leila M. De Lima on Wednesday claimed that the appointment of former Office of Civil Defense (OCD) Deputy Administrator Nicanor E. Faeldon as Bureau of Corrections (BuCor) chief was meant to ensure that National Bilibid Prison (NBP) inmates will continue to testify in drug cases filed against her.

Opposition coalition launched, names 8 senatorial bets

THE MAIN opposition Liberal Party (LP) has teamed up with other political and cause-oriented groups, forming an eight-member senatorial line-up for the May 2019 midterm elections to fight what it described as a “creeping authoritarianism” in the political landscape.