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Lumina recognized as "Top 1 Developer" by Pag-IBIG fund
BusinessWorld - 2020-02-27
Continuously shedding light to the countryside Today, Lumina developments are located in key town and provinces across the country: Rizal, Bulacan, Pampanga, Zambales, Bataan, Tarlac, Pangasinan ... in accessible locations close to major thoroughfares, transport hubs, schools, hospitals, and business and leisure centers, Lumina not just ...

Fulfilling VFA: PH, US troops conclude anti-terror training program in Palawan
Philippine Daily Inquirer - 2020-02-27
MANILA, Philippines -- Philippine and United States soldiers continued to fulfill ... The VFA governs the mechanisms for visiting US soldiers and serves as foundation for military exercises and humanitarian work of US forces in the Philippines. Joint activities that had been planned between Philippine and US troops are to continue until ...

Several Cabinet officials against VFA abrogation, says Lacson
Philippine Daily Inquirer - 2020-02-27
Wala pa akong nakausap na all-out in supporting the President to abrogate," he added. Lacson said he will join his colleagues in the Senate in raising the VFA issue before the Supreme Court to once and for all settle whether or not the Senate concurrence is needed when abrogating a treaty or an international agreement.

Tax hikes increase price burden on poor families in January
Philippine Daily Inquirer - 2020-02-27
MANILA, Philippines -- Tax hikes implemented at the start of the year jacked up prices of food, oil and "sin" products, resulting in a six-month high inflation rate among poor families in ...

Cayetano willing to be jailed for ABS-CBN's provisional permit
CNN Philippines - 2020-02-27
Metro Manila (CNN Philippines, February 27) -- House Speaker Alan Peter Cayetano on Thursday stood by his move seeking the issuance of a provisional permit for ABS-CBN to continue operating pending the renewal of its franchise. Cayetano said asking the National Telecommunications Commission to grant ABS-CBN provisional authority to operate ...

Duterte declares state of calamity in Calabarzon due to Taal Volcano eruption damage
CNN Philippines - 2020-02-27
Metro Manila (CNN Philippines, February 27) -- President Rodrigo Duterte declared a state of calamity in Calabarzon due to the damage caused by Taal Volcano's eruption, which happened over a month ago. He signed Proclamation No. 906 on February 21. The document was released on Thursday. With the state of calamity declaration, relief and ...

December spike pulls 2019 spending beyond target
CNN Philippines - 2020-02-27
Metro Manila (CNN Philippines, February 27) -- The government's catch-up plan for 2019 projects paid off in December, pulling full-year spending to a new record high, Treasury data released Thursday showed. The government spent ?494.4 billion for the month, a 57.8 percent surge from the amount released in December 2018, the Bureau of the ...

Duterte forms task force vs animal-borne diseases
Philippine Daily Inquirer - 2020-02-27
MANILA, Philippines -- President Rodrigo Duterte has formed an inter-agency task force to counter animal-borne diseases in the country. Duterte signed Executive Order No. 105 in Feb. 21, 2020, creating the National Task Force on Animal-Borne Diseases (NTFAD) which will be chaired by the Department of Agriculture (DA) Secretary. The executive ...

Digital bank offers biggest annual interest rate to boost your savings
philstar.com - 2020-02-27
MANILA, Philippines -- Today, more and more Filipinos are utilizing mobile technology to go about their daily tasks and lives. Such can be said in banking. Smartphone users are now discovering mobile banking as convenient and effective means, especially in a growing economy such as ours. In fact, the BangkoSentral ng Pilipinas (BSP ...

Wilcon income grows 16% in 2019; P2.9-billion capex allocated for 2020
BusinessMirror - 2020-02-27
WILCON Depot Inc. said its net income grew to almost 16 percent last year to P2.12 billion from the previous P1.83 billion, despite the changes in accounting standards on rents. "Coming off a high base, we had a respectable topline growth and the margin improvement we gained from our product mix strategy cushioned the spike in our operating ...

Tim Tebow will play for his birth country, the Philippines, in upcoming World Baseball Classic qualifiers
Business Insider - 2020-02-27
Tim Tebow will play for the Philippines in the WBC qualifiers. Tebow was born in the country and lived there for several years.

Domestic commodity flows contract in Q4
BusinessWorld - 2020-02-27
"An explanation can be that numbers are coming from higher bases because of higher economic growth compared to 2018," he said. On the other hand, Rizal Commercial Banking Corp. (RCBC) Chief Economist Michael L. Ricafort said the annual declines in domestic trade volume and value for the quarter were "expected" and "consistent" with ...

World battles virus epidemic as cases multiply outside China
Philippine Daily Inquirer - 2020-02-27
SEOUL, South Korea -- Crews scrubbed everything from money to buses, military bases were on high alert and quarantines were enforced Wednesday from a beachfront resort in the Atlantic to a remote island in the Pacific, as the world worked to halt the fast-spreading virus that for the first time counted more new cases outside China than inside ...

Yields on term deposits decline as COVID-19 worries affect rates
BusinessWorld - 2020-02-27
With this, average rate for the 28-day term deposits settled at 3.8918%, inching down by 0.66 bp from the 3.8984% seen a week ago. Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort attributed the continued decline in TDF yields to market jitters amid concerns on the COVID-19 and to expectations of further easing next quarter.

Pagasa: Fair weather with cloudy skies, on and off drizzles nationwide
Philippine Daily Inquirer - 2020-02-27
MANILA, Philippines -- Generally fair weather with cloudy skies and scattered rain showers are expected to prevail nationwide on Thursday due to the northeast monsoon or "amihan" and ...

Last mile: Honda workers fight for a dignified ending
Philippine Daily Inquirer - 2020-02-26
He said he had not always planned to stay in Honda since he only wanted to save enough money for college ... according to the Philippine Institute for Development Studies, citing a 2008 study. Honda is the third big company in the Philippines that announced a shutdown this year as a cost-cutting move. Nokia Technology Center Philippines ...

A children's book about 'The Office' is here to inspire a whole new generation of fans
Mashable - 2020-02-26
Mashable is a global, multi-platform media and entertainment company. Powered by its own proprietary technology, Mashable is the go-to source for tech, digital culture and entertainment content for its dedicated and influential audience around the globe. ©2020 Mashable, Inc. All Rights Reserved. Mashable, MashBash and Mashable House are among ...

Global markets are slumping for a fifth straight day on coronavirus fears
CNN Philippines - 2020-02-26
(CNN) -- The shock from the novel coronavirus is roiling global markets for yet another trading session. US shares moved higher by midday Wednesday, with the S&P 500 rising 0.4% and the Dow gaining nearly 70 points, or 0.3%. But European markets finished mixed, as corporate profit warnings added to fears about the economic impact of the ...

Travelers from virus-stricken Korean region banned
BusinessWorld - 2020-02-26
THE Philippines on Wednesday barred travelers from ... The Korean government has extended nationwide school holidays by a week and plans to enforce tighter two-week monitoring of arrivals from China. The outbreak also forced South Korean technology giant Samsung Electronics to suspend operations at its smartphone plant in Gumi, 200 kilometers ...

Torch relay organizers consult with Greek health agencies due to coronavirus worries
BusinessMirror - 2020-02-26
He insisted organizers will remain in constant touch with the health agencies. The Torch will be lit in Ancient Olympia on March 12, in a ceremony attended by outgoing Greek President Prokopios ...

Surprise, surprise security experts are warning that 'high tech' voting and elections don't mix
Mashable - 2020-02-26
Mashable is a global, multi-platform media and entertainment company. Powered by its own proprietary technology, Mashable is the go-to source for tech, digital culture and entertainment content for its dedicated and influential audience around the globe. ©2020 Mashable, Inc. All Rights Reserved. Mashable, MashBash and Mashable House are among ...

Palantir, The Data-Mining Company Cofounded By Trump Ally Peter Thiel Lands $823 Million Government Contract
Forbes - 2020-02-26
U.S. President Donald Trump, left, speaks while Peter Thiel, billionaire co-founder of Planatir and ... [+] PayPal Inc. listens during a meeting with technology leaders at Trump Tower in New York, U.S., on Wednesday, Dec. 14, 2016. Palantir Technologies Inc., a controversial company cofounded by investor and President Trump ally Peter Thiel in ...

Apple CEO Tim Cook says the coronavirus is a 'fairly dynamic situation' and a challenge at annual shareholders meeting
Business Insider - 2020-02-26
Apple CEO Tim Cook discussed the impacts of the coronavirus outbreak on his company's business during its annual shareholders meeting.

Two commercial satellites just docked in space for the first time
The Verge - 2020-02-26
Intelsat 901 as seen from the MEV-1 just before docking. Earth is visible in the lower right of the picture. Image: Northrop Grumman Two commercial satellites have docked in orbit as part of a pioneering satellite-servicing mission. If the rest of the ...

Low oven temperature and cucumber can make swordfish shine
BusinessMirror - 2020-02-26
THE premise behind the French method of cooking en cocotte (or casserole roasting) is to slow down the cooking process in order to concentrate flavor. Fish cooked for an extended period of time usually winds up dry, but a combination of low oven temperature, moist-heat environment, and the right cut of fish allows it to remain juicy and tender ...

Marijuana Use Continues to Grow in Older Adults
Medscape - 2020-02-26
Cannabis use in older Americans is growing. New research shows that over a 4-year period use of the drug in individuals age 65 and older increased by 75%. The findings, he added, indicate a need for more research to gain a better understanding of the risks of cannabis use as well as its potential benefits for older adults. The study was ...

Trump Defends Administration's Coronavirus Response
International Business Times - 2020-02-26
US President Donald Trump on Wednesday defended his administration's response to the novel coronavirus, lashing the media for spreading panic as he announced an evening news conference on the epidemic. It comes a day after a senior health official warned that, despite containment efforts, it was only a matter of time before the COVID-19 disease ...

State of emergency sought for Ifugao over ASF
philstar.com - 2020-02-26
BAGUIO CITY, Philippines - The provincial government of Ifugao has recommended that the province be placed under a state of emergency due to African swine fever (ASF). Gov. Jerry Dalipog issued the recommendation yesterday after hogs in several towns contracted the disease despite the lockdown being implemented in these areas. The Provincial ...

Crew of ship from China barred from Bacolod port
philstar.com - 2020-02-26
BACOLOD CITY, Philippines - The Philippine Coast Guard (PCG) has prevented 19 crewmembers, including 15 Chinese, of a merchant vessel from disembarking at the Bredco Port in this city. The ban was part of measures to prevent the spread of corononavirus disease 2019 or COVID-19, according to PCG-Negros Occidental chief Lt. Cmdr. Jansen Benjamin.

Sportswear has few female CEOs, and it just lost another
Quartz - 2020-02-26
The people and companies embracing new paradigms. The activewear company Outdoor Voices built its popularity on an easy-going empowerment summed up by its "doing things" mantra. "Things" is deliberately vague--an intense run and a restorative stretching session both qualify--and in the world of Outdoor Voices, those doing the things ...

Fire hits Vigan heritage house, kills owner
philstar.com - 2020-02-26
TUGUEGARAO, Philippines - A fire of unknown origin razed a two-story heritage house in Vigan, killing its owner yesterday morning. Firefighters recovered the charred remains of Eric Hassal Hernandez, 51, on the ground floor of the house located on Gen. Luna street in Barangay 1. The blaze started at around 8 a.m. Fireout was declared two ...

P2.1 million shabu seized in Quezon City stings
philstar.com - 2020-02-26
QUEZON CITY, Philippines -- More than P2 million worth of methamphetamine hydrochloride or shabu were confiscated in separate drug busts in Quezon City since Tuesday. Police and anti-narcotics agents seized around 175 grams of shabu valued at P1.19 million from Amad Arajil, 33; Mico Jay Ferrer, 25, and Jesus Mendiola, 50, during a sting at the ...

Pandemic fears jolt global markets; PSEi falls below 7,000
philstar.com - 2020-02-26
MANILA, Philippines -- Global markets took a beating yesterday as fears escalated that the coronavirus disease 2019 (COVID-19) outbreak would worsen into a global pandemic. Wall Street finally woke up to the damage the outbreak could do, and the jitters that hit US markets spilled across the globe yesterday, including the Philippines.

COVID-19 to impact on Philippines growth -- Capital Economics
philstar.com - 2020-02-26
MANILA, Philippines -- Despite being relatively insulated from the effects of ... of 2019 from a downwardly revised six percent in the third quarter of 2019. Preliminary estimates of the National Economic and Development Authority (NEDA) made earlier this month showed that if the coronavirus contagion persists for one month at the current ...

Union Bank notes issue raises P6.8 billion
philstar.com - 2020-02-26
MANILA, Philippines -- Aboitiz-led Union Bank of the Philippines raised P6.8 billion from its return to the domestic debt market to diversify its funding sources and finance its expansion program. In a disclosure to the Philippine Stock Exchange, UnionBank said the amount raised was P1.8 billion higher than the original issue size of P5 ...

MGen projects delayed as deliveries from China hit snag
philstar.com - 2020-02-26
MANILA, Philippines -- Projects of Meralco Powergen Corp. (MGen, the power generating unit of Manila Electric Co. (Meralco), are encountering delays due to the coronavirus epidemic. MGen president and chief executive officer Rogelio Singson said the company remains committed to shifting to clean energy as it pursues its target of 1,000 ...

Game developers group looking to add jobs in computer graphics
BusinessWorld - 2020-02-26
The Information Technology and Business Process Association of the Philippines cut growth figures under a road map through 2022 due to geopolitical challenges, protectionism and automation. The industry cut its revenue targets to a compound annual growth of 3.5-7.5% from 9.2% set in 2016, based on a study conducted by the Everest Group.

House to seek advice from bloggers as it eyes crackdown on fake news, accounts
CNN Philippines - 2020-02-26
Metro Manila (CNN Philippines, February 26) --Lawmakers may invite "bloggers" to participate in the next hearings on proposed bills against fake news, a House panel said Wednesday. House Committee on Public Information Chairman Ron Salo said they will get inputs from the guests, although he did not mention who they are eyeing to invite.

Suspect in rape-killing of autistic girl in Quezon town killed after resisting arrest
Philippine Daily Inquirer - 2020-02-26
LUCENA CITY--The suspect in the rape and killing of a 10-year-old autistic girl last Friday (Feb. 21) was killed when he resisted arrest and tried to lob a grenade at policemen in the town of Tagkawayan, Quezon province on Wednesday (Feb. 26). Col. Audie Madrideo, Quezon police chief, said in a report that operatives cornered Mauro Gravamen ...

Duterte not keen on expanding ban of travellers from entire South Korea
Philippine Daily Inquirer - 2020-02-26
MANILA, Philippines -- President Rodrigo Duterte on Wednesday said he was not inclined to expand the travel ban on tourists from the entire South Korea who plan to go to the Philippines due to the coronavirus disease (COVID-19). "No, I cannot do that. No country can do that. If the guy is healthy, why would you? You cannot do that ...

House sends letter urging NTC to grant provisional authority to ABS-CBN
Philippine Daily Inquirer - 2020-02-26
MANILA, Philippines -- House leaders on Wednesday sent a letter to the National Telecommunications Commission (NTC) urging it to grant media giant ABS-CBN provisional authority to operate, effective on May 4, 2020, "until such time that the House of Representatives/Congress has made a decision on its application." The letter -- addressed ...

Pipe fixes drain Maynilad's revenue increase
philstar.com - 2020-02-26
MANILA, Philippines -- Investments poured by Manuel V. Pangilinan-led Maynilad Water Services Inc. to fix ageing pipes last year helped it save 1 billion liters in water each day, putting it in a better position to cushion a potential repeat of water shortages this dry season as dams run dry. More than 95% of water supply in Metro Manila comes ...

Honasan to give leeway for Dito rollout if towers, cable parts from China get delayed
CNN Philippines - 2020-02-26
Metro Manila (CNN Philippines, February 26) -- The government is open to giving Dennis Uy's Dito Telecommunity elbow room to roll out mobile services as the novel coronavirus outbreak could delay shipments of steel and fiber cables for cell towers. Information and Communications Technology Secretary Gregorio "Gringo" Honasan II told reporters ...

UP CAP calls for students and companies to join its open career fair
BusinessWorld - 2020-02-26
Additionally, by promoting interaction between the students and the corporate world, they equip these students with professionalism through company tours and mentorships, skills workshops, and scholarships. As one of the most celebrated and most anticipated career fairs in the university, the UP CAP Career Fair prides itself on the highest form ...

Over 200 Filipinos in Macau want to return to PH - Nograles
Philippine Daily Inquirer - 2020-02-26
MANILA, Philippines -- More than 200 Filipinos in Macau have signified intentions to go back to the Philippines as cases of COVID-19 continues to rise in China, Cabinet Secretary Karlo Nograles said Wednesday. Macau is one of two special administrative regions of China, the other being Hong Kong. "We are aware of the possibility na mula sa ...

LOOK: Greta Thunberg meets Malala Yousafzai at Oxford University
Philippine Daily Inquirer - 2020-02-26
Swedish teenage climate activist Greta Thunberg has finally crossed paths with fellow young activist Malala Yousafzai at the Oxford University in England, United Kingdom. The two world-renowned trailblazers gave a glimpse of their meeting to supporters all over the world through their social media accounts earlier today, Feb. 26. "So... today ...

Bill creating PH energy think tank gets Senate nod
Philippine Daily Inquirer - 2020-02-26
MANILA, Philippines -- The Senate approved Wednesday on third and final reading a bill seeking to create a government think tank for the energy sector. Under Senate Bill No. 1296, the proposed Philippine Energy Research and Policy Institute (PERPI) will perform critical research and policy development for needed reforms in the energy sector.

Coronavirus vigilance marks Ash Wednesday in Philippines, Vietnam
Reuters - 2020-02-26
Worshippers in the mainly Roman Catholic Philippines tried to avoid brushing against fellow devotees and church workers during Ash Wednesday ceremonies, while in neighbouring Vietnam the faithful wore masks to keep safe from a spreading coronavirus.

436 North Cotabato barangays now 'drug cleared'
philstar.com - 2020-02-26
COTABATO CITY, Philippines -- An inter-agency oversight committee has declared 436 of the 543 barangays in North Cotabato province as "drug cleared." The oversight committee, led by Naravy Duquiatan, director for Region 12 of the Philippine Drug Enforcement Agency, is aiming to have the remaining 107 barangays follow suit by the end of the year.

Vehicle assemblers seek stronger government support
philstar.com - 2020-02-26
MANILA, Philippines -- A group of local vehicle assemblers yesterday said government support through incentives would be necessary to make the country a competitive place for local vehicle manufacturing following the announcement of Honda Cars Philippines Inc. (HCPI) to halt production operations. "The remaining local vehicle manufacturers ...

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