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Why buck what works?

In some cases, people get away with doing questionable things because they cannot be made accountable for them. And knowing that they can get away with it, they wreak havoc with impunity. They are emboldened by the fact that, at the end of the day, the rewards for their misdeed far outweigh the potential risks or penalties -- if there will be any at all.

Taking a stand for marginalized employees

I moved to the Philippines 12 years ago to start a business. The skilled labor and high level of English proficiency made it a natural choice among its neighbors in the region. The friendly people, beautiful islands, live bands, and incredible nightlife didn’t hurt either! As my business progressed from start-up to operations, I realized that I had so many questions about why employees behave the way that they do in an organization.

‘Dream Team’ turn mean machine at Wimbledon

LONDON -- Wimbledon’s Centre Court is the property of the All England Club, but on Tuesday it belonged to Serena Williams.

Gilas Pilipinas preparations steadily coming along

A LITTLE over three weeks since opening camp for the 2019 FIBA Basketball World Cup, Gilas Pilipinas said things are steadily coming along and expected it to further pick up in the coming weeks.

Dengue cases rise amid persistent rains

DENGUE cases rose 8 percent in the week ending June 22 from a year earlier amid continued rains, the Department of Health said in a statement yesterday.

Arroyo cites difficult ties with Duterte

FORMER President Gloria Macapagal-Arroyo on Tuesday said she regretted her difficult relationship with President Rodrigo R. Duterte.

Senate chief seeks to hike state’s take from miners

A MEASURE increasing the government’s take from mining revenues, which forms part of the Duterte administration’s comprehensive tax reform program, has been filed anew in the Senate.

Corporate regulator issues rules for small business crowdfunding

START-UPS and micro, small and medium enterprises (MSMEs) may now raise up to P50 million through crowdfunding following the Securities and Exchange Commission (SEC)’s release of guidelines regulating this method of fund raising.

Rembrandt’s The Night Watch begins on-site restoration

AMSTERDAM — Rembrandt’s 17th century masterpiece The Night Watch begins restoration work on Monday in Amsterdam where visitors will be able to watch every step of the Rijksmuseum’s biggest ever project.

Razon’s firm stopped from taking over PECO assets

A MANDALUYONG court has declared sections of the law that granted Razon-led MORE Electric and Power Corp. a franchise as a distribution utility in Iloilo City as void and unconstitutional for infringing on the right of the area’s existing electricity distributor Panay Electric Co., Inc. (PECO) to due process and equal protection of the law.

Hot, cold and busted sales in London show the risks of...

COMPETING bids for a tiny abstract painting by Robert Ryman climbed higher and higher until — Bang! — the hammer came down on the 1963 canvas at £850,000 ($1.08 million), more than twice its low estimate.

Gardenia expands with new facility in Pampanga

GARDENIA Bakeries Philippines, Inc. is expecting stronger sales and volume growth this year, after it inaugurated its P2-billion bread manufacturing facility in Mabalacat City, Pampanga.

China’s new loans in June seen at five-month high on liquidity

BEIJING — New bank loans in China are expected to have picked up to a five-month high in June, a Reuters poll showed, as Beijing kept ample liquidity in the financial system to support the slowing economy and offset growing US trade pressure.

Australian banks win concession on capital

AUSTRALIA’S banking regulator has softened its capital buffer requirement on the nation’s largest banks after they argued that there wasn’t sufficient market capacity available to raise the necessary funds.

Monetary Board 2018 foreign loan approvals up 111% at 7.3B

THE Bangko Sentral ng Pilipinas (BSP)’ Monetary Board approved a total of $7.355 billion worth of public sector loans to fund development projects in 2018, up 111% from a year earlier, the central bank said Tuesday.

Health dep’t to require FDA licensing for e-cigarette industry

THE Department of Health (DoH) said it will require licensing for all makers, sellers and distributors of e-cigarettes and vaporizers (vapes) under the new guidelines covering the sector.

A Triennial Victory

The undulation of Philippine sovereignty in the historically labeled South China Sea is becoming more turbulent. And as the Duterte presidency reaches its three-year mark, the arbitral ruling on the contested waters is also approaching its triennial.

Being in the Internet spotlight and Intellectual Property Rights

For quite a number of us, a significant chunk of the things we learn comes from the internet. The internet will likely have information that will satisfy an individual’s intellectual desires. A popular source of information are online video blogs or vlogs. These vlogs present information through a combination of video clips, supporting texts, and images. There has been an increasing preference for these vlogs since information is presented in a more entertaining, if not more palatable, manner than its text counterpart.

Maritime regulator seeks more perks for shipbuilders

THE MARITIME Industry Authority (Marina) is seeking more incentives for the shipbuilding and ship repair industry to drive investment growth, the agency said in a statement yesterday.

Palace says Duterte still trusts Customs chief Guerrero

PRESIDENT Rodrigo Duterte still trusts his Customs chief even after threatening to fire more officials at the agency for corruption, his spokesman said on Tuesday.

Meralco bills down for 3rd month in July

HOUSEHOLDS in Metro Manila and surrounding areas can expect their electricity bills to go down for the third straight month in July, as Manila Electric Co. (Meralco) announced a P0.1068 per kilowatt-hour (/kWh) drop in overall rate as a slight increase in generation charge covering the June supply month was offset by a fall in other costs.

Gov’t infrastructure spending rebounds in May

STATE INFRASTRUCTURE spending recovered in May, according to a report the Department of Budget and Management (DBM) released to media on Monday, citing in part projects of the Transport and the Public Works departments.

‘Let’s Get It On’ copyright cases halted for Led Zep appeal

A COPYRIGHT battle over Marvin Gaye’s “Let’s Get It On” was halted last week by a judge until a separate fight over Led Zeppelin’s “Stairway to Heaven” is resolved.

Spider-Man: Far From Home opens with $185M

LOS ANGELES — Superheroes were once again around to save the day as Spider-Man: Far From Home ignited a much-needed boost in the domestic box office. The web-slinging adventure easily dominated in North America, delivering a $185 million debut from 4,636 venues during its first six days in theaters.

PSEi expected to end year within 8,400-8,600 level

THE Philippine Stock Exchange index (PSEi) is seen to end the year within the 8,400 to 8,600 range, boosted by lower interest rates and the expected earnings growth for listed firms for the rest of the year.

Top funds see Philippine stocks up 25% under Duterte policies

MANAGERS at the three best performing Philippine equity funds see a much rosier second half for Rodrigo Duterte’s term as president, forecasting that the benchmark stock index will climb about 25% over the next three years.

KPOs among locators of Damosa Diamond Tower

DAVAO CITY -- Knowledge Process Outsourcing (KPO) companies have signed up to set up shop at Damosa Land Inc.’s (DLI) Damosa Diamond Tower, located within the company’s IT Park accredited by the Philippine Economic Zone Authority.

Bria Homes ramping up expansion in Mindanao

BRIA Homes is ramping up its expansion in Mindanao, with the development of several communities in Davao, General Santos City, Kidapawan City, Cagayan de Oro City, Misamis Oriental, and Bukidnon.

China Bank raises P30B via fixed-rate peso bonds

CHINA BANKING Corp. (China Bank) raised P30 billion via its maiden fixed-rate bond offering to boost funding flexibility.

Deutsche Bank axes 18,000 jobs in restructuring

FRANKFURT/SYDNEY/HONG KONG — Deutsche Bank shares rose on Monday as it launched one of the biggest overhauls of its investment bank since the financial crisis by cutting 18,000 jobs around the world, starting the day with cuts in Asia.

Farmers say rice tariffs shortchange RCEF

A FARMERS’ GROUP has alleged that imported rice is being undervalued to evade tariffs following the implementation of the Rice Tariffication Law early this year, possibly shortchanging a rice farmers’ fund financed by tariffs.

DTI tells small firms to seize opportunities in Halal market

TRADE SECRETARY Ramon M. Lopez encouraged Micro, Small, and Medium-sized Enterprises (MSMEs) achieve Halal certification in order to broaden their markets.

Duterte endorses Cayetano and Velasco under term-sharing for House speakership

PRESIDENT RODRIGO R. Duterte has, after all, named a preference — two, that is — for House speaker in an attempt to end what has become a thorny fight for the post.

The next Speaker

In my column of June 11, I asked: Are the current aspirants for Speaker of the House of Representatives of the 18th Congress men of gravitas? Are they presidential timber like a number of previous speakers? Or are they lightweights who can be pushed over the top like Pantaleon Alvarez, who is again an aspirant for the Speakership?

Next critical step in corporate governance reforms in the Philippine publicly-held...

MANY of the corporate governance (CG) reforms pursued by the Securities and Exchange Commission (SEC) through its CG Codes seek to usher a system of professional directorship into the publicly held companies (PHCs) and publicly listed companies (PLCs). This includes a system of professional directorship, such as granting more supervisory power to the Boards over its composition, and integrity (i.e., qualifications and disqualifications), as well as the competence and diversity of talents and skills of their members, effecting a system of discipline over their members, and providing for competitive levels of remuneration.

US takes fourth World Cup title

LYON, FRANCE -- The United States won a record-extending fourth women’s World Cup with a 2-0 victory over the Netherlands on Sunday as second-half goals from Megan Rapinoe and Rose Lavelle confirmed their status as the leading power in the women’s game.

Mendiola finally barges into PFL win column

AFTER six tries, Mendiola FC 1991 finally barged into the win column of the ongoing Philippines Football League season, beating Philippine Air Force FC, 3-1, in their battle of winless teams on Sunday at the Biñan Football Stadium in Laguna.

KAPA founder, other officials face 8 counts of estafa complaint

THE NATIONAL Bureau of Investigation (NBI) and three investors of Kapa-Community Ministry International, Inc. (KAPA) filed eight counts of syndicated estafa complaint against the group’s 14 officials, including its founder, Joel A. Apolinario, in connection with its alleged investment scam.

ERC to hear co-op plea to pass on realty tax

THE ENERGY REGULATORY COMMISSION (ERC) will hear this week a petition filed by electricity cooperatives to treat rural property tax (RPT) as a pass-on cost that can be collected from power users.

SEC to allow cross-border publication of ASEAN capital market reports

THE SECURITIES AND EXCHANGE COMMISSION (SEC) has drafted guidelines as part of a regionwide move to allow capital market professionals from Association of Southeast Asian Nations (ASEAN) members to issue research reports outside their home countries.

TMP Tech, a wellspring of auto service professionals

TOYOTA MOTOR PHILIPPINES School of Technology (TMP Tech), a premier automotive technical school based in Laguna, held the commencement exercises for Batch 8 of its two-year Toyota General Job Automotive Servicing Course.

Volvo Philippines joins MEGA Equality Ball

VOLVO PHILIPPINES once again highlights its support for equality, diversity, and freedom by supporting this year’s MEGA Equality Ball. The crème de la crème of the country gathered at the magnifique Grand Plaza Ballroom of Sofitel Philippine Plaza Manila recently not only to commemorate Philippine Independence but also to celebrate the many colors of Pinoy pride.

Inflight connectivity to boost airlines’ revenues

THE AVAILABILITY of inflight WiFi is seen as a potential income driver to propel ancillary revenues for airlines, as passengers are growing more digital and in constant search of connectivity.

Coffee farmers due to meet in Brazil amid crisis, seek alternatives

SAO PAULO -- Organizations representing coffee farmers from around the world will meet next week in Brazil as the sector faces one of its hardest times, with prices barely covering production costs and pushing farmers out of business.

Kimonos and colossal bows at Valentino’s catwalk

PARIS -- Italian designer Pierpaolo Piccioli went for an explosion of bold colors at Valentino’s Haute Couture collection late Wednesday, switching from mustard yellow to fuchsia to azure with supermodel Gigi Hadid walking in purple.