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AI found better at finding skin cancer than doctors

PARIS -- A computer was better than human dermatologists at detecting skin cancer in a study that pitted human against machine in the quest for better, faster diagnostics, researchers said Tuesday.

PhilCare rolls out OFW plan

PHILHEALTHCARE, INC. (PhilCare) is rolling out a new product catering to overseas Filipino workers (OFWs) starting with those based in Israel, as part of the firm’s venture into alternative market segments to expand their coverage.

House panel mulls local tax shield for firms in line with...

THE HOUSE committee on ways and means will look into how businesses in the Philippines can be shielded from dealing with varying tax schemes among local government units while still rationalizing fiscal incentives under the second package of the tax reform program.

Duterte reaffirms ‘entire island’ of Boracay to go under land reform

AMID REHABILITATION efforts in the tourist island of Boracay, President Rodrigo R. Duterte said on Wednesday, “I’m declaring land reform for the entire island of Boracay.”

Discovering and growing tourism’s potential

In my recent travels, I have seen how tourism can generate income and wealth for people. Tourism refers to all travel-related activities undertaken by a resident to another place for purposes other than work and permanent residence. Tourism offers product bundles composed of “experiences” involving the active participation of the tourist. The tourism product is the complete experience from departure from home to return.

Rethink plan to allow foreign ownership of land

Land is such a scarce resource, and a finite one at that.

Peso strengthens slightly

THE PESO rose slightly against the dollar on Wednesday on the back of easing oil prices amid geopolitical tensions abroad.

Duterte fires customs deputy

PRESIDENT RODRIGO R. Duterte publicly fired Customs Deputy Commissioner Noel Patrick S. Prudente during his speech on Wednesday at the Bureau of Customs (BoC) in Manila.

Sereno files motion on SC’s quo warranto ruling

OUSTED CHIEF Justice Maria Lourdes P.A. Sereno on Wednesday urged the Supreme Court (SC) to reverse its landmark May 11 ruling which approved Solicitor-General Jose C. Calida’s quo warranto petition and voided her appointment as top magistrate.

Catwoman Serena back in business

PARIS -- Serena Williams made a winning return to Grand Slam tennis which was as memorable as her body-hugging black catsuit when she reached the Roland Garros second round on Tuesday.

3M Philippines buys into ‘nowhere to go but UP’ push

FINDING something common in it as a company, 3M Philippines has decided to come on board the University of the Philippines (UP) men’s basketball team’s push to get back on top of the University Athletic Association of the Philippines (UAAP) anew by becoming one of its sponsors for the upcoming season.

Finance dep’t disputes fall in Philippines’ competitiveness rank

THE DEPARTMENT of Finance (DoF) on Tuesday disputed the International Institute of Management Development’s (IMD) latest World Competitiveness Rankings report that saw the Philippines’ dropping nine rungs, arguing that this was not consistent with data.

Government approves 805,200 tons of rice imports under quota scheme

THE STATE grains procurement agency on Tuesday gave the go-ahead for local traders to import up to 805,200 tons of rice under an annual quota scheme, which should boost domestic supply and keep rising prices in check.

JG Summit to ramp up capital spending this year

JG SUMMIT Holdings, Inc. is hiking its capital spending for 2018 as it aims to grow its petrochemical, airline, property, food and beverage, and banking businesses amid higher oil prices in the world market and the further depreciation of the peso.

Dennis Uy-led firm to start work on Clark Global City this...

CLARK, PAMPANGA — Udenna Development Corp. (UDEVCO) will begin work on the first phase of Clark Global City within the year, as it aims to transform the area into the next central business hub in Luzon.

Up for auction: pieces of history

ONE MAN’S JUNK is indeed another’s treasure. Such could be the case for the future owner of one of the highlighted items on sale...

Philippine blockchain association launched

THE BLOCKCHAIN Association of the Philippines (BAP), one of the first blockchain-related organizations in the country, has been launched to harness and develop its use cases in the country, including the banking sector.

France weighs how to return Africa’s plundered art

PARIS — Half-man, half-beast, the tall African statues dominate a busy gallery in Paris’s Quai Branly museum. But few of the visitors are aware...

Fed’s Bullard warns vs hikes amid low inflation

THE FEDERAL RESERVE should slow its pace of policy normalization to help re-align price expectations around 2% and maintain the credibility of its inflation target, Fed Bank of St. Louis President James Bullard said Tuesday in Tokyo.

PIDS cites need for broader transparency in investment negative list

THE PHILIPPINE Institute for Development Studies (PIDS) wants to broaden the level of transparency in the government’s foreign investment negative list to aid prospective foreign investors in making more informed decisions.

Customs: Fuel-marking program under way

THE BUREAU of Customs (BoC) wants to implement the fuel- marking program by next month, as it seeks to cap more than half of the revenue leakages by yearend.

Rule of law and ethical norms going downhill

Presidential spokesperson Harry Roque has defended Solicitor General (SolGen) Jose Calida’s family security services firm having contracts worth over P150 million with four government agencies as not a case of conflict of interest. Of course, Calida claims that he had resigned his position as President of Vigilant Investigative and Security Agency, Inc. (Vigilant) when he became SolGen.

Dutertenomics needs more honesty in explaining the real causes of high...

Two columns in BusinessWorld on May 28 jointly defended Dutertenomics’ Tax Reform for Acceleration and Inclusion (TRAIN). These are “Eight former Finance secretaries support TRAIN 2” by Romy Bernardo of FEF and “Coolly explaining inflation” by Men Sta. Ana of AER.

DoT, DAR chiefs confirmed

THE COMMISSION on Appointments is set to formally confirm the appointments of Tourism Secretary Bernadette Romulo-Puyat, Agrarian Reform Secretary John Rualo Castriciones, and Commission on Elections (Comelec) Commissioner Socorro B. Inting on Wednesday.

Inquiry bares unauthorized fund release to Health Dep’t in 2015

SOME P10.6 billion worth of funds meant for the health insurance coverage of senior citizens were transferred in 2015 to the Department of Health (DoH) without the knowledge of the Philippine Health Insurance Corp.

It’s Warriors vs Cavs after all

LOS ANGELES -- Stephen Curry inspired a second-half fight back as the reigning champion Golden State Warriors booked their fourth consecutive NBA finals appearance with a 101-92 victory over the Houston Rockets yesterday.

Serena ready for Grand Slam return at Roland Garros

PARIS -- Three-time champion Serena Williams will make her eagerly awaited return to Grand Slam tennis on Tuesday with a French Open first-round match against Kristyna Pliskova on Court Philippe Chatrier.

The ‘Balesin’ Toyota’s court

THE anticipation and hype surrounding Toyota Motor Philippines’ (TMP) newest compact SUV, the Toyota Rush, weeks prior to its grand public launch last May 5 and 6 was rivaled only by the guessing game around where the leading auto manufacturer would go for this year’s edition of its annual Road Trek event.

First shipment of Mitsubishi Xpander arrives in PHL

DELIVERIES to customers of the new Mitsubishi Xpander has begun as the first shipment of the compact MPV model arrived in the Philippines in May. The Xpander is built in Indonesia.

House mulls power for President to defer tax hike

THE HOUSE COMMITTEE on ways and means will study the option of giving President Rodrigo R. Duterte the power to suspend tax increases under...

Watchdog flags competition issues with Grab deal

THE PHILIPPINE Competition Commission (PCC) noted in a report released on Monday that Grab Holdings, Inc.’s acquisition of the Southeast Asian business of rival...

Film mogul Harvey Weinstein appears handcuffed in court to face rape...

NEW YORK — Movie mogul Harvey Weinstein appeared in handcuffs in a New York court on Friday to face charges of rape and other...

Weinstein attorney could face ‘impossible’ task

AFTER sexual assault charges were dropped against former International Monetary Fund chairman Dominique Strauss-Kahn in 2011, his lawyer Ben Brafman assailed the accuser’s credibility,...

AGI gets go signal for Skytrain

THE infrastructure arm of tycoon Andrew L. Tan’s Alliance Global Group, Inc. (AGI) bagged the original proponent status (OPS) for its proposed P3-billion monorail...

First Gen eyes San Miguel as partner for proposed LNG import...

FIRST GEN Corp. is planning to invite diversified conglomerate San Miguel Corp. “within the year” to participate in its $1.2-billion liquefied natural gas (LNG)...

Robinsons set to open 3 more Summit hotels

By Mark Louis F. Ferrolino Special Features Writer ROBINSONS Land Corp. (RLC) plans to open three more hotels under the Summit brand, bringing the total number...

RRR cut driving peso’s sharp decline

THE fresh cut in bank reserves announced by the central bank is driving the sharper decline of the peso, a global bank said, as...

Fed-up Spanish cities are bursting Airbnb’s bubble

MADRID -- Spain may be one of the world’s top tourist destinations, but many people in its biggest cities have grown exasperated with Airbnb-style...

Security Bank adopts international code of conduct for asset managers

THE asset management arm of Security Bank Corp. has completely adopted an international code of conduct ensuring the adherence of its asset managers to...

NPC assures of data privacy safeguards in nat’l ID

THE National Privacy Commission (NPC) said that the proposed national identification (ID) system sufficiently safeguards data privacy. NPC Chairman Raymund E. Liboro said that the...

Palay farmgate price rises 8.71% year on year

THE farmgate price for palay, or unmilled rice, rose 8.71% year on year in the second week of May to P20.97 per kilogram (kg),...

Disruption in taxation

Nothing is certain but death and taxes, while the only constant is change. Who doesn’t know that? And yet, it still hurts like the first...

House bloc files bill on P750 minimum wage

By Charmaine A. Tadalan THE MAKABAYAN bloc on Monday filed a House Bill (HB) proposing to increase the nationwide minimum wage to P750, citing inflationary...

Senate chooses firm to design Taguig site

By Camille A. Aguinaldo THE SENATE has chosen architectural firm AECOM to design the new Senate building to be constructed in Fort Bonifacio, Taguig City. AECOM...

LeBron James delivers

LOS ANGELES -- LeBron James finished with 35 points, 15 rebounds and nine assists as the Cleveland Cavaliers reached their fourth straight NBA finals...