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GOCC dividend collections hit record P69 billion in 2019
Philippine Daily Inquirer - 2020-02-16
Dividends collected by the national government from state-run corporations hit a record P69 billion in 2019, the Department of Finance (DOF) said. DOF data showed remittances from government-owned and/or controlled corporations (GOCCs) jumped from P40.2 billion in 2018, P30.5 billion in 2017, and P27.7 billion in 2016. Under Republic Act No ...

Cyberrisks, natural disasters keep PH CEOs up at night
Philippine Daily Inquirer - 2020-02-16
Business interruption, natural catastrophes and cyber incidents. These are top three risks to businesses in the Philippines cited by local organizations, according the Allianz Risk Barometer: Identifying the Major Business Risks for 2020 report published by global corporate insurance carrier Allianz Global Corporate & Specialty (AGCS).

GrabBike prepares to deploy 15,000 riders
Philippine Daily Inquirer - 2020-02-16
Grab Philippines wants to have 15,000 bike riders on the road under its motorcycle-taxi service, a move which will expand the reach of the ride hailing giant in congested urban cities. Grab Philippines is already preparing to revive GrabBike, a service the government had stopped nearly four years ago since there were no guidelines then.

Last of Korean trash to be shipped back
Philippine Daily Inquirer - 2020-02-16
The Bureau of Customs (BOC) on Sunday shipped back to South Korea all the waste it illegally sent to the Philippines in 2018. According to Port of Cagayan de Oro district collector John Simon, the third batch of the shipment was sent back on Sunday, while the last and remaining batch will be shipped on Feb. 23, bringing the total reexported ...

Comelec OKs test run of mobile voting app
Philippine Daily Inquirer - 2020-02-16
MANILA, Philippines -- The Commission on Elections (Comelec) has identified the countries where the test run of the overseas mobile voting application will be conducted. Comelec Commissioner Rowena Guanzon said the Comelec en banc had already approved the test run of the mobile voting app for possible use in the May 2022 polls. Guanzon, the ...

NTC ordered to issue CPC to Newsnet
BusinessMirror - 2020-02-16
THE National Telecommunications Commission (NTC) has been instructed by the Anti-Red Tape Authority (Arta) to immediately issue a certificate of public convenience (CPC) for the use of certain ...

Terrorist Android Malware Exposed: Here Are The Hamas Apps That Hacked Israeli Soldiers
Forbes - 2020-02-16
Several hundred Israeli soldiers have had their mobile phones infected with malware sent by Hamas cyber terrorists. The "honey trap" operation used fake profiles of attractive women to entice soldiers into chatting over messaging platforms and ultimately downloading malicious malware. As detailed below, that malware was designed to return ...

Improved Sangley airport inaugurated
Philippine Daily Inquirer - 2020-02-16
MANILA, Philippines -- Philippines President Rodrigo Duterte was given a preview of a potential solution to the congested Ninoy Aquino International Airport (Naia) in Manila as the Cavite provincial government unveiled plans for Sangley Point International Airport (SPIA) on Saturday. Duterte inaugurated for commercial use the existing Sangley ...

Until divorce do we part
BusinessMirror - 2020-02-16
The Absolute Divorce Bill was first filed in 2005 under the 13th Congress and subsequently refiled in the 14th, 15th, 16th and 17th Congress, and again refiled in this 18th Congress. The current House Committee on Population and Family Relations approved a bill instituting absolute divorce and dissolution of marriage in the Philippines ...

Barbers: Shut down tax-evading Pogos
Philippine Daily Inquirer - 2020-02-16
Tax-evading Philippine offshore gaming operators (Pogos) should be "shut down and sent home," according to the chair of the House dangerous drugs panel. Surigao del Norte Rep. Robert Ace Barbers on Sunday urged the Philippine Amusement and Gaming Corp. (Pagcor) and the Bureau of Internal Revenue (BIR) to crack down on "tax-cheat" Pogos ...

12 outskirtS communities eyed as agricultural villages
Philippine Daily Inquirer - 2020-02-16
BAGUIO CITY, Benguet, Philippines -- The city council recognized farming in 12 outskirts communities here in preparation for their declaration as agriculture villages, including an Ibaloy-Kankanaey settlement tending gardens within the Camp John forest reserve. The council initiative allowed the city to access grants and subsidies for food ...

More singles in PH, latest census shows
Philippine Daily Inquirer - 2020-02-16
MANILA, Philippines -- The number of single Filipinos rose between 2010 and 2015, even as the proportion of married people shrank during the same period, the population census showed. Of the total population -- 10 years old and above in 2015 -- around 34.8 million Filipinos were never married, some 3.5 million higher compared to 31.3 million ...

Datadog Leads The Pack In Observability For Cloud Environments
Forbes - 2020-02-16
Datadog went public in September 2019 at $27 a share, with an opening trade of $40.35. Last week, ... [+] the stock hit a new post-IPO high of $50.12. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) Last Thursday, Datadog (DDOG) delivered especially strong Q4 results, providing solid proof that organizations of ...

BSP to roll out person- to-merchant QR transactions in Q4
philstar.com - 2020-02-16
MANILA, Philippines -- The Bangko Sentral ng Pilipinas (BSP) is rolling out the person-to-merchant (P2M) transactions via the national QR (quick response) code standard in the fourth quarter of the year as it ramps up efforts to make the economy lite instead of cash heavy. BSP Governor Benjamin Diokno said the regulator is working with the ...

Philippines to strengthen ties with Belgium
philstar.com - 2020-02-16
and business ventures for the collaboration on SPIS. Dar ordered the Bureau of Agricultural and Fisheries Engineering (BAFE) director Ariodear Rico to oversee the technical aspect of the project. He also directed the Bureau of Soils and Water Management (BSWM) to participate in the project. "We have set new paradigms to elevate Philippine ...

PHAP to ensure stable supply of medicine
philstar.com - 2020-02-16
MANILA, Philippines -- Pharmaceutical companies yesterday vowed to ensure a stable supply of essential medicines to the public and work with government in making available innovations and technologies to detect, prevent and treat COVID-19. Pharmaceutical and Healthcare Association of the Philippines (PHAP) executive director Teodoro Padilla ...

Mass production, issuance of national ID set for July
philstar.com - 2020-02-16
MANILA, Philippines -- The mass production and issuance of the national ID is set to kick off in July as part of the promotion of financial inclusion by the Bangko Sentral ng Pilipinas (BSP). BSP Governor Benjamin Diokno said the central bank is coordinating with the Philippine Statistics Authority (PSA) for the procurement of service ...

Coconut centers to be put up nationwide
philstar.com - 2020-02-16
MANILA, Philippines -- The government is putting up coconut centers in 67 provinces to provide assistance to growers, the Department of Agriculture said. The DA has signed an inter-agency memorandum of understanding (MOU) for the establishment of an agribusiness one-stop-shop called "Malasakit sa Magniniyog: Coco Center." The agreement was ...

Microsoft could add new 'Spaces' organizational tool to Outlook
ZDNet - 2020-02-16
Microsoft is working on a new organizational feature that could debut first as part of Outlook. That feature, currently known as "Outlook Spaces," allows users to pull together their calendar appointments, to-do lists, emails, Sticky Notes, files and documents and other information into a single unified project area. A video showing off Outlook ...

Climate Change News: Bumble Bees Are Crucial To The Environment, Species On The Decline Due To Warmer Temperatures
International Business Times - 2020-02-16
Bumble bees are a vital pollinator of wildflowers and crops, and could go extinct due to global warming A study from the University of Ottawa shows that between 1975 and 2000, bumble survival rates in North America fell by about 46% on average, and 17% in Europe Other species harmed by climate change include polar bears and sea turtles Bumble ...

BOC reships last batch of South Korea garbage
philstar.com - 2020-02-16
MANILA, Philippines -- The Bureau of Customs (BOC) will finally complete the reshipping of the 6,500 metric tons of garbage that arrived in the country from South Korea almost two years ago. The BOC was set to reship the remaining 100 containers of garbage yesterday and on Feb. 23, according to John Simon, BOC-Cagayan de Oro district collector.

Marikina police precincts to get patrol cars
philstar.com - 2020-02-16
MANILA, Philippines -- Nine police precincts in Marikina City will receive brand new patrol cars from the local government in a bid to increase police visibility. "Our support for the police is not only physical or in material terms, but more importantly we treat them as brothers and sisters," Mayor Marcelino Teodoro said in a statement ...

Drug suspect nabbed in Quezon City
philstar.com - 2020-02-16
MANILA, Philippines -- A 37-year-old man was arrested for alleged possession of shabu worth P170,000 in Quezon City over the weekend. Michael Dejayco was nabbed in a drug sting along EDSA in Barangay E. Rodriguez. Dejayco allegedly yielded some 25 grams of shabu and the marked money. At least 19 other drug suspects were apprehended by police ...

2 more Benguet towns closed to tourists over COVID-19
philstar.com - 2020-02-16
TUGUEGARAO, Philippines -- Two more towns in Benguet were closed to tourists amid concerns over the spread of coronavirus disease or COVID-19. The orders to lock down issued by the local governments of Bakun and Kapangan brought to nine the total number of municipalities in the Cordilleras that have been closed to tourists since last week.

Alliance Global to be carbon neutral by 2030
philstar.com - 2020-02-16
MANILA, Philippines -- Alliance Global Group Inc. (AGI), the listed conglomerate of property tycoon Andrew Tan has committed to be carbon neutral by 2030. Announcing the bold move, AGI chief executive officer Kevin Tan said the conglomerate wants to contribute to achieving the United Nations Sustainable Development Goals (UN SDG). "We must ...

COVID-19 fears to pull down market further
philstar.com - 2020-02-16
MANILA, Philippines -- The benchmark Philippine Stock Exchange index (PSEi) is seen to continue trading downwards, this week given the lingering uncertainties over the coronavirus disease 2019 (COVID-19) outbreak. "Expect the same heartaches for the week. Investors are facing the same risks. Uncertainties on the impact of the virus to the ...

BIR collections to decline due to virus fears
philstar.com - 2020-02-16
MANILA, Philippines -- The tax take of the Bureau of Internal Revenue (BIR) is seen taking a hit as the spread of the 2019 coronavirus disease (COVID-19) continues to affect the sales of some businesses, according to a top official. In an interview, BIR Deputy Commissioner Arnel Guballa said the BIR may see a decline in its tax collections for ...

Trillanes co-respondents in sedition raps urged to surrender
philstar.com - 2020-02-16
MANILA, Philippines -- The Philippine National Police (PNP) yesterday urged the co-respondents of former senator Antonio Trillanes IV in a sedition case to surrender. The respondents are accused of conspiracy to commit sedition in connection with an alleged ouster plot against President Duterte. "You may coordinate with the nearest police ...

Belmonte heads road clearing task force
philstar.com - 2020-02-16
MANILA, Philippines -- Quezon City Mayor Joy Belmonte has formed a task force to comply with the second round of road clearing operations set to start today. Belmonte created the Quezon City Task Force Road Clearing 2.0, which is directly under her office. She will head the task force, with her chief of staff and assistant city administrator ...

4 Malaysians rescued from Chinese kidnappers
philstar.com - 2020-02-16
MANILA, Philippines -- Four Malaysians allegedly kidnapped by seven Chinese workers of a Philippine offshore gaming operator (POGO) company were rescued in San Pedro, Laguna on Saturday. Jonathan Zhi Haw, 26; Tan Hang Yi, 25; Kho Soon Chiang, 23, and Cheam Chun Keat, 19, were rescued by members of the Philippine-National Police-Anti-Kidnapping ...

PNP chief open to another government post
philstar.com - 2020-02-16
MANILA, Philippines -- Philippine National Police (PNP) chief Gen. Archie Francisco Gamboa is open to serving the public in another post when he retires from the service in September. Gamboa, who was appointed by President Duterte last month as PNP chief, said he is more than willing to work for the Chief Executive in another capacity.

DND personnel undergo drug test
philstar.com - 2020-02-16
MANILA, Philippines -- More than 100 employees of the Department of National Defense (DND) were subjected to a mandatory drug test last week. The activity, led by the Office of the Undersecretary for Defense Policy, was facilitated by the National Reference Laboratory of the East Avenue Medical Center, an institution accredited by the ...

ABS-CBN shutdown a blow to economic diversity, investor confidence
philstar.com - 2020-02-16
MANILA, Philippines -- The non-renewal of the franchise of local media giant ABS-CBN may get in the way of pursuing diversity in the economy and affect investor confidence in the country, said Socioeconomic Planning Secretary Ernesto Pernia. Sought for comment on threats to the renewal of the legislative franchise of the Lopez-led network ...

Cusi urged to fire NEA chief
philstar.com - 2020-02-16
MANILA, Philippines -- Energy Secretary Alfonso Cusi has been urged to recommend to President Duterte the immediate removal of National Electrification Administration (NEA) administrator Edgardo Masongsong for grave abuse of authority. In a statement, National Association of Electricity Consumers for Reforms Inc. (Nasecore) wrote the energy ...

Pay it forward: Mekeni finds joy in helping others
philstar.com - 2020-02-16
MANILA, Philippines -- Philippine businesses constantly face challenges be it a natural calamity or an economic crisis. The key is to be resilient to stay in the game. This is perhaps one of the secrets to success of Pampanga-based Mekeni Foods Corp. Mekeni, now three decades old, has experienced challenges that could have crippled the company ...

DOLE prohibits discrimination against workers with mental health condition
philstar.com - 2020-02-16
MANILA, Philippines -- Terminating an employee due to his or her mental health condition is now prohibited, as long as the condition does not interfere with the performance of the job or affect the safety of others, according to a new order issued by the Department of Labor and Employment (DOLE). Under newly issued guidelines for the ...

Contrasting currency moves caused by COVID-19
philstar.com - 2020-02-16
The coronavirus (COVID-19) epidemic in China has resulted in contrasting moves among global currencies. Concerns over a slowing global economy have intensified due to the travel bans, port closures, city-wide lockdowns, and factory shutdowns caused by the COVID-19 scare. These have weighed heavily on commodity currencies and countries highly ...

Third telco a dud?
philstar.com - 2020-02-16
Frankly, I am not surprised that the third telco is proving to be a dud. From latest indications, it will not be able to meet its committed target to start operation any time soon. There goes another Duterte promise to drastically improve the quality of telco internet service and bring down rates. The plan was to make the third telco provide ...

Facebook canceled an annual San Francisco conference because of coronavirus concerns
Business Insider - 2020-02-16
The cancellation of the Global Marketing Summit comes after Barcelona shelved its Mobile World Summit and as 15 cases have been confirmed in the US.

Treasury bills, bonds to fetch lower rates as BSP eyes cuts
BusinessWorld - 2020-02-16
So that would bode well for our local bonds," Mr. Aquino said. Meanwhile, Rizal Commercial Banking Corporation Chief Economist Michael L. Ricafort said the yield on the 10-year papers could drop below the 4.3% level as "prospects of slower global ...

PHL stocks to move sideways amid uncertainties
BusinessWorld - 2020-02-16
In an e-mail, Piper Chaucer E. Tan, client engagement officer and research associate at Philstocks Financial, Inc., said heightened regulatory risks, the COVID-19, and corporate earnings continue to influence market activity with both local and foreign investors "waiting for [a] conviction of strong earnings" result before being enticed to ...

An unfair society
BusinessWorld - 2020-02-16
How did the Philippines become a society so severely imbalanced? It was designed that way by the narrow elite who write our laws. The law, and the many regulations that govern business, were purposely written to favor big business and eliminate competition. As a result, most industries in the Philippines operate with just a few players ...

ARTA intervenes, declares Newsnet NTC application approved under EoDB law
BusinessWorld - 2020-02-16
Newsnet had also paid its required fees. Under RA 11032 or the Ease of Doing Business and Efficient Government Service Delivery Act of 2018, applications that have not been acted on by a government office within the designated processing time are deemed ...

Red flood warning issued for Wales as storm rips across UK
Philippine Daily Inquirer - 2020-02-16
LONDON -- Storm Dennis roared across Britain with high winds and heavy rains Sunday, prompting authorities to issue some 350 flood warnings, including a "red warning" alert for life ...

Mindanao businesses need united position to bring shipping cost down -- ECCP
BusinessWorld - 2020-02-16
DAVAO CITY -- The Mindanao business community needs to take a more united stand in pushing for lower shipping rates and more direct cargo services to boost international trade in the southern islands, an official of the European Chamber of Commerce of the Philippines (ECCP) said. ECCP-Southern Mindanao Chairperson Antonio S. Peralta said the ...

Meet the 'super angel' investors, the power players of streaming, and the top M&A bankers of 2019
Business Insider - 2020-02-16
It's often said that it's not what you know, but who you know. Meet the investors writing big checks to founders, the execs shaping the streaming war, and rainmaker bankers.

Northrop launches International Space Station cargo mission
UPI.com - 2020-02-16
Feb. 15 (UPI) --Northrop Grumman successfully launched its Cygnus cargo capsule to the International Space Station from Virginia on Saturday without a hitch. Liftoff of the Antares rocket came on time at 3: 21 p.m. EST. The Cygnus capsule is carrying 8,000 pounds of science experiments, crew supplies and hardware. The company postponed a launch ...

Traumatic brain injuries raise risk of psychiatric ills in soldiers
UPI.com - 2020-02-16
U.S. soldiers who suffer a moderate or severe traumatic brain injury are more likely to suffer other mental health woes than those with other serious injuries, a new study finds. It also showed that the rate of mental health disorders among seriously injured soldiers is much higher than previously reported. "A central takeaway is that severe ...

2 suspects fall in Marawi drug bust; 1 kg of shabu seized
Philippine Daily Inquirer - 2020-02-16
ILIGAN CITY, Lanao del Norte, Philippines -- A composite team of soldiers, police officers, and drug enforcement agents arrested two suspected drug traders and seized a kilogram of crystal meth, locally known as shabu, in their possession in a drug buy-bust operation in Marawi City Saturday. Maj. Arvin John Encinas, Western Mindanao Command ...

5 nabbed in separate drug stings in Zambales
Philippine Daily Inquirer - 2020-02-16
OLONGAPO CITY, Zambales, Philippines -- Four drug suspects were arrested in a buy-bust operation in Barangay Gordon Heights in this city on Saturday morning, police said. The suspects were ...

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