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Grab Philippines to complete safety training center for bikers next month
BusinessWorld - 2020-02-27
The Grab PH president also stated the reason behind the business move. Mr. Cu said that he saw the need in the market for another player in the motorcycle taxi industry and that drivers of GrabFood and GrabExpress expressed their desire to join the motorcycle hailing field. The firm aims to reach up to 15,000 riders before it launches to the ...

Goldman Sachs: American companies will have zero profit growth this year
CNN Philippines - 2020-02-27
(CNN) --This was supposed to be the year that the bottom line of Corporate America rebounded after lackluster profit reports for most of 2019. But the coronavirus outbreak is threatening to end the earnings recovery before it even begins. Goldman Sachs warned in a report Thursday that it now thinks US companies "will generate no earnings growth ...

Family lending
BusinessWorld - 2020-02-27
Benel D. Lagua was recently EVP and Chief Development Officer at the Development Bank of the Philippines. He is also a part-time lecturer at both Ateneo and DLSU. He is an active member of FINEX and is an advocate for innovations in SME Finance. Feedback and comments are welcome at

Health official: The rest of the world, not China, is "our greatest concern" now
CNN Philippines - 2020-02-27
(CNN) -- World Health Organization Director-General Tedros Adhanom Ghebreyesus said the rest of the world -- not China -- is now "our greatest concern" when it comes to coronavirus. For the second day in a row, the number of new coronavirus cases reported outside of China today was larger than those reported inside China. Tedros said China ...

PEZA declares opposition to new ecozone authorities
BusinessWorld - 2020-02-27
PEZA said that it is pushing for private sector-led development and focuses on its role as a regulatory agency and "enabler of business" to increase the number of ecozones. The authority added that the house bills proposing new ecozone authorities ...

Doctors contest guidelines for denial of PhilHealth accreditation
BusinessWorld - 2020-02-27
Philippine College of Geriatric Medicine; Philippine College of Hematology and Transfusion Medicine; Philippine Heart Association; Philippine Rheumatology Association; Philippine Society of Allergy, Asthma and Immunology, Inc.; Philippine Society of Endocrinology, Diabetes and Metabolism; Philippine Society of Gastroenterology; Philippine ...

100 grams of meth seized from Marawi resident in drug bust
Philippine Daily Inquirer - 2020-02-27
ILIGAN CITY---Police arrested on Wednesday (Feb 26) a 25-year old woman in a drug bust operation at a village here. Maj. Abogado Mautin, chief of Iligan City Police Station 4, identified the suspect as Najmah Cabib Angantap, of Bangon, Marawi City. Mautin said Angantap was arrested after an undercover agent transacted with her for shabu worth ...

Man, 70, dies from injuries after motorcycle he was driving hit by fuel tanker in Digos
Philippine Daily Inquirer - 2020-02-27
DIGOS CITY---A 70-year-old man died on Wednesday (Feb. 26) from severe injuries after a fuel tanker hit the motorcycle he was driving along the national highway here. Francisco Ramos Pugosa, of Barangay Tres de Mayo here, was traveling along the highway when the 10-wheel tanker, loaded with some 20,000 liters of fuel, tried to overtake his ...

Bong Go leads launching of 65th Malasakit Center; signing of IRR at NKTI
Philippine Daily Inquirer - 2020-02-27
MANILA, Philippines -- Senator Christopher Lawrence "Bong" Go attended the launch of the 65th Malasakit Center at the National Kidney and Transplant Institute (NKTI) in Quezon City on Monday, February 24. Before the launch, Go also witnessed the signing ceremony of the Implementing Rules and Regulations (IRR) of the Malasakit Center Act ...

3 Filipinos under quarantine in New Clark City showing coronavirus symptoms
CNN Philippines - 2020-02-27
Metro Manila (CNN Philippines, February 27) -- Three Filipinos who were quarantined at New Clark City showed symptoms of the coronavirus disease or COVID-19, Health Secretary Francisco Duque III confirmed Thursday. Duque told CNN Philippines that the three have coughs and colds and have been admitted to Jose B. Lingad Hospital in Pampanga for ...

Velasco dangles budget, chairmanship to congressmen - Cayetano
Philippine Daily Inquirer - 2020-02-27
MANILA, Philippines -- Eight months before the "first half" of the term-sharing deal for House leadership ends, things heat up in the lower chamber. House Speaker Alan Peter Cayetano on Thursday claimed Marinduque Rep. Lord Allan Velasco, who is set to take over as leader of the lower chamber in October under the term-sharing deal, is ...

Rape suspect killed in gunfire after he shot at cops arresting him
Philippine Daily Inquirer - 2020-02-27
ILIGAN CITY---A 39-year-old man suspected of raping his niece was killed on Wednesday (Feb. 26) when he shot at policemen serving the warrant for his arrest at a village in Kapatagan town, Lanao del Norte province. The man was charged with raping his seven-year-old niece last Jan. 12. The arrest warrant was issued by Judge Alberto Quinto of ...

SolGen insists SC should forfeit ABS-CBN franchise
Philippine Daily Inquirer - 2020-02-27
MANILA, Philippines - Freedom of speech and of the press is not absolute, the Office of the Solicitor General (OSG) said in a consolidated reply to the Supreme Court as it insists on the need to issue a gag order against the parties from discussing in public the quo warranto case against television network ABS-CBN. "The exercise of such ...

Esports gains ground in the country with new school-based program
BusinessWorld - 2020-02-27
PCCL is best known for bringing together leagues such as the University Athletic Association of the Philippines (UAAP), the National Collegiate Athletic Association (NCAA) and the Cebu Schools Athletic Foundation, Inc. (CESAFI). In 2019, PCCL hosted the Digital Games Championship, its maiden foray into esports which saw 108 teams from various ...

Man dies of cardiac arrest after 4.3 quake in Cotabato town
Philippine Daily Inquirer - 2020-02-27
KIDAPAWAN CITY-A 65-year-old man suffered cardiac arrest in Mlang town of Cotabato province on Thursday (Feb. 27) apparently induced by stress amid a 4.3 magnitude quake. Engineer Arnuflo Villaruz, operations chief of the Provincial Disaster Risk Reduction and Management Office, said Romualdo Vicente, of Sultan Kudarat province, was visiting ...

Absence of typhoons likely to continue until March -- Pagasa
Philippine Daily Inquirer - 2020-02-27
MANILA, Philippines - The absence of a major weather disturbance for 2020 is likely to continue until the first week of March, the Philippine Atmospheric, Geophysical, Astronomical Services Administration (Pagasa) said on Thursday afternoon. This was after no cloud bands or low pressure areas (LPA) that may turn into a tropical depression or ...

Pandacan fire damage reaches ?1.2 billion; welding work led to fire - San Miguel
CNN Philippines - 2020-02-27
Metro Manila (CNN Philippines, February 27) -- The fire that engulfed a packaging facility and a portion of the ongoing Skyway Stage 3 project caused more than a billion pesos in damage. San Miguel Corporation (SMC) on Thursday disclosed that total damage to both the Skyway and San Miguel Yamamura Packaging Corporation was estimated at ? 1.2 ...

Immigration to deport British pedophile
Philippine Daily Inquirer - 2020-02-27
MANILA, Philippines -- A 58-year-old British pedophile will soon be deported for engaging in child pornography and for illegally staying in the Philippines, the Bureau of Immigration (BI) said Thursday. Immigration Commissioner Jaime Morente said the foreigner identified as Kevin Victor Ryder was convicted in the United Kingdom in 2006 for ...

Hongkong Land partners with Robinsons Land to reshape Philippine luxury property market
CNN Philippines - 2020-02-27
Ortigas Avenue, and Amang Rodriguez Avenue, it provides easy connections to commercial establishments and offices, which gives residents numerous options for life and work integration. Moreover, a 200-meter long bridge within Bridgetowne that crosses the Marikina River, designed using state-of-the-art construction technology and indigenous ...

Wage increases lowest and farthest apart during Duterte administration -- think tank
philstar.com - 2020-02-27
MANILA, Philippines -- President Rodrigo Duterte has so far increased wages the least among presidents after the ouster of dictator Ferdinand Marcos, an economic think tank critical of the government said Wednesday, Wednesday. A report from the IBON Foundation shows that the cumulative increase of the first two wage hikes under Duterte ...

Lacson assures critics of Anti-Terror Bill: Safeguards set vs abuse
Philippine Daily Inquirer - 2020-02-27
MANILA, Philippines - The Anti-Terrorism Bill recently passed by the Senate has several safeguards to prevent law enforcers from abusing its provisions, Senator Panfilo Lacson assured critics of ...

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.

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