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Jollibee raises $600M from offshore debut
BusinessWorld - 2020-01-17
JOLLIBEE Foods Corp. (JFC) raised $600 million from a landmark sale of perpetual securities in its offshore capital market debut, restocking its chest after buying the company behind US specialty chain Coffee Bean & Tea Leaf (CBTL). It was the first time for the Philippine fast-food giant to issue perpetual bonds and the first time to tap ...

Cotabato town asks DFA aid for return of OFW who died in Bahrain
Philippine Daily Inquirer - 2020-01-17
KIDAPAWAN CITY -- The local government of Matalam, Cotabato has asked the help of the Department of Foreign Affairs (DFA) for the return into the country of the remains of an Overseas Filipino Worker (OFW) from the town who died in Bahrain. Matalam Vice Mayor Cheryl Valdevieso-Catamco said she went to the DFA Consular Affairs Office in ...

Pilipinas Shell says Batangas oil refinery operating safely after Taal eruption
BusinessWorld - 2020-01-17
PILIPINAS Shell Petroleum Corp. (PSPC) said on Friday that its oil refinery in Batangas province continues to operate safely while its retail stations serve as emergency response sites while Taal Volcano is erupting. The listed company told the stock ...

Ninja cops' days are numbered, senators say as Albayalde's court trial looms
CNN Philippines - 2020-01-17
Metro Manila (CNN Philippines, January 17) -- The impending charges against former Philippine National Police chief Oscar Albayalde and his co-accused "ninja cops" should send shivers up the ...

Coffee farms in Batangas, Cavite may take 1.5 years to recover from Taal eruption
CNN Philippines - 2020-01-17
Metro Manila (CNN Philippines, January 17) -- Coffee farmers in Batangas and Cavite -- known for producing the strong barako variety -- could take more than a year to recover from Taal Volcano ...

SM leads first medical mission in areas hit by Taal eruption
Philippine Daily Inquirer - 2020-01-17
Displaced families were given immediate medical assistance through the first medical mission for communities affected by the recent Taal volcano eruption as SM holds its 3-day Oplan Tulong Express ...

Solon urges Solgen to reconsider quo warranto petition vs ABS-CBN
Philippine Daily Inquirer - 2020-01-17
CAGAYAN DE ORO CITY -- Cagayan de Oro Representative Rufus Rodriguez, an ally of President Duterte, on Friday appealed to Solicitor General Jose Calida to reconsider his plan to file a quo warranto petition with the Supreme Court questioning the validity of the franchise of television network ABS-CBN. The ABS-CBN franchise is set to expire ...

Duterte to visit Taal-affected areas anew
Philippine Daily Inquirer - 2020-01-17
MANILA, Philippines -- President Rodrigo Duterte will again visit areas affected by the Taal Volcano eruption on Monday, Malacañang has confirmed. "Yes, sa Monday. And all the major agencies and department heads are going to attend. Wala naman situation briefing pero bibisitahin niya yung lugar, affected areas," Palace spokesman Salvador ...

Does ABS-CBN have tax deficiencies, unpaid debts?
philstar.com - 2020-01-17
ABS-CBN Film Productions Inc. vs Commissioner of Internal Revenue In a July 31, 2019, resolution by the First Division, the CTA said the ABS ... that have unpaid debts to government banks. "Lopez Holdings Corp does not have any unpaid obligations to the Development Bank of the Philippines or other government financial institutions," the company ...

2.4 million students affected by Taal eruption - DepEd
CNN Philippines - 2020-01-17
Metro Manila (CNN Philippines, January 17) - Over 2.4 million school children have been affected by the eruption of Taal Volcano, Education Secretary Leonor Briones said Friday. Briones said the DepEd is coordinating with local government units to address the problem since Taal spewed ash and smoke on Sunday. DepEd's report said 2,471,960 ...

China just reported its weakest annual growth in 29 years
CNN Philippines - 2020-01-17
(CNN) -- China's economy grew 6.1% in 2019, according to GDP figures released Friday. While that's in line with expectations, it's also the country's weakest growth in nearly three decades. The country also reported that GDP grew 6% in the fourth quarter. The world's second largest economy is contending with rising debt, cooling domestic ...

For Asian migrants in the Gulf, better pay trumps US-Iran fears
NIKKEI - 2020-01-17
"We've been talking about [repatriation] here, but they don't want to go back to the Philippines because they earn much more here," she told Nikkei. Los Banos, who used to work as an ...

Phivolcs may lower alert level if Taal Volcano's activity continues to wane
CNN Philippines - 2020-01-17
Metro Manila (CNN Philippines, January 16) -- State volcanologists are studying the possibility of lowering the alert level of Taal Volcano if its activity continues to decrease. The Philippine Institute of Volcanology and Seismology (Phivolcs) said Taal's activity "generally waned" on Thursday, so they are observing the lull. Phivolcs Volcano ...

Man arrested for carrying ammunition at MRT station
CNN Philippines - 2020-01-17
Metro Manila (CNN Philippines, January 17) -- Authorities have filed criminal complainants against a man caught carrying several types of ammunition while trying to enter a station of Metro Rail Transit Line 3. The Department of Transportation-MRT-3 in a statement on Friday identified the suspect as Xavier Sumaya, a 26-year-old electronics ...

Baguio's Magalong sorry for slip on La Trinidad strawberries
philstar.com - 2020-01-17
BAGUIO CITY, Philippines -- Baguio City Mayor Benjamin Magalong has apologized to La Trinidad, Benguet for comments that disparaged the town and its strawberry fields. He said that while his comments were meant to drive home the need for cleaner waterways, he should not have made statements that could damage the neighboring town's reputation.

China GDP grew 6.1% in 2019, slowest in three decades
philstar.com - 2020-01-17
BEIJING, China -- China's economy weakened to its slowest pace in three decades in 2019 as weaker domestic demand and trade tensions with the United States took their toll, official data showed Friday. The world's second-largest economy grew by 6.1 ...

TECO donates $100,000 to typhoon-stricken Sorsogon
Philippine Daily Inquirer - 2020-01-17
MANILA, Philippines - The Taipei Economic and Cultural Office (Teco) in Manila has donated $100,000 (around P5 million) worth of cash to the provincial government of Sorsogon, after it was struck by Typhoon Tisoy last December 2019. TECO Ambassador Michael Peiyung Hsu said on Friday that they chose to help Sorsogon because of its friendship ...

Police, military urged to act on string of ambushes on Maguindanao officials
philstar.com - 2020-01-17
COTABATO CITY, Philippines -- The Bangsamoro government has urged the police to look deeper into a series of recent gun attacks on public officials from Maguindanao province. Lawyer Naguib Sinarimbo, local government minister of the Bangsamoro Autonomous Region in Muslim Mindanao, said Friday he has requested Police Brig. Gen. Marni Marcos of ...

NCRPO to donate P3.5M to Taal victims
Philippine Daily Inquirer - 2020-01-17
MANILA, Philippines -- The National Capital Region Police Office (NCRPO) will donate an estimated P3.5 million to victims of the eruption of Taal Volcano, its acting director Brig. Gen. Debold Sinas announced Friday. According to Sinas, each of the 26,000 officers of the NCRPO, excluding senior officers, will donate P100 each, which is ...

Marketing lessons for schools
Philippine Daily Inquirer - 2020-01-17
For brevity, I will limit my discussion to senior high schools, although the concepts can also be applied to other schools. Here are 14 questions parents should ask high school administrators if their child is interested in the strand that covers business. In the same manner, school owners and principals may go through the same 14 questions in ...

Jollibee raises $600M from offshore capital mart debut
Philippine Daily Inquirer - 2020-01-17
Fast-food giant Jollibee Foods Corp. (JFC) has debuted into the offshore capital market by raising $600 million from a landmark issuance of perpetual securities, replenishing its war chest after buying American specialty chain Coffee Bean & Tea Leaf (CBTL). This transaction represents the first ever bond or perpetual securities issuance from ...

Philippine volcano shows signs of calming, but danger remains
Reuters - 2020-01-17
A Philippine volcano that has been spewing ash for days appeared to be calming down on Thursday, but seismologists said the danger of an eruption remained high and authorities warned evacuees not to return to their homes.

Small businesses, big economic impact
Philippine Daily Inquirer - 2020-01-17
Big businesses may get all the attention but based on government statistics, the real backbone of the Philippine economy are almost a million enterprises ranging from micro to medium. The Department of Trade and Industry (DTI), using statistics gathered by the Philippine Statistics Authority (PSA), says of the million or so businesses operating ...

Bose is closing more than 100 stores worldwide
CNN Philippines - 2020-01-17
(CNN)-- Bose is significantly shrinking the number of retail stores it operates because of the "dramatic shift" to online shopping, the company said in a statement. The maker of high-end electronics said it's closing 119 retail stores worldwide across North America, Europe, Japan and Australia. It will continue to operate about 130 stores ...

Pagasa Friday weather forecast: Cloudy skies with a chance of rain
Philippine Daily Inquirer - 2020-01-17
MANILA, Philippines - The state weather bureau on Friday said cloudy skies with intermittent rain showers are expected in most parts of the country. In its 4 a.m. weather bulletin, the Philippine Atmospheric, Geophysical and Astronomical Services ...

Microsoft says it will go 'carbon negative' by 2030
CNN Philippines - 2020-01-16
(CNN)-- Microsoft is making an ambitious commitment to eliminate its carbon footprint by pledging to go "carbon negative" in the next decade and investing $1 billion to help develop clean technologies. The tech giant said Thursday it will seek to remove more carbon than it emits by 2030. "While the world will need to reach net zero, those of ...

BSP earnings drop 5.7% to P40.2 billion in 11 months
philstar.com - 2020-01-16
MANILA, Philippines -- Earnings of the Bangko Sentral ng Pilipinas (BSP) continued to drop in the first 11 months of 2019 amid higher operating expenses and lower gains from foreign exchange transactions. Net income of the BSP amounted to P40.24 billion ...

Teaching is still the noblest profession
BusinessMirror - 2020-01-16
When I was appointed as a public-school teacher in July 1969, my starting gross pay was P234 per month, hence, our batch was called "Batch 234." Back then, the amount was enough for a small ...

30 Pinoys repatriated from troubled Haiti???????
Philippine Daily Inquirer - 2020-01-16
Thirty Filipinos were repatriated on Thursday from Haiti, which has been experiencing economic and security instability in the past months. The Department of Foreign Affairs said the Filipinos ...

Driven to succeed
Philippine Daily Inquirer - 2020-01-16
Bernie wanted to venture into building houses, a natural extension of the lumber business ... His wife Alice Tio Liu, GABC chief marketing officer, signed up for the Key Executives Program. "Our reference point is no longer solely the Philippines," Bernie says. "We may think that we are a big fish," Alice says, "but the world is ...

Millennial power, activate
Philippine Daily Inquirer - 2020-01-16
The report helps cities determine what they should work on in terms of placemaking by classifying cities into four categories, based on the correlation of labor force growth and rate of real gross domestic product (GDP) growth over the next decade. These are: 1) Leaders, or cities where both population and GDP growth are above the global ...

BOI posted record high ?investment pledges in 2019
Philippine Daily Inquirer - 2020-01-16
Board of Investments (BOI)-registered investment pledges hit a record high of P1.14 trillion last year. BOI Chair Ramon Lopez told reporters on Thursday that he was targeting a 10-percent increase in investment pledges this year from the 2019 level, which was deemed as a conservative growth goal. Lopez had the same growth target for last year ...

DOJ dismisses CIDG drug complaint vs Albayalde
Philippine Daily Inquirer - 2020-01-16
MANILA, Philippines -- The Department of Justice (DOJ) has dismissed the criminal complaint filed by the Philippine National Police-Criminal Investigation and Detection Group (PNP-CIDG) against their former boss-now retired PNP chief Gen. Oscar Albayalde. Albayalde was slapped with a complaint for violation of Republic Act 9165 or the ...

With dance challenges and explainer videos, publishers invade TikTok to court Gen Z
CNN Philippines - 2020-01-16
"We wanted to be a part of the dance trends and the feel good moments and build up an audience and then start to insert the news more often," Alex Ptachick, USA Today's audience editor of emerging platforms, told CNN Business. "That does not mean ... "Perks of being drafted in WW3, no school, traveling, free delicious food, a new fit."

Goop founder Gwyneth Paltrow closes out NRF 2020 talking about the difficulties of scaling a digital business
TechRepublic - 2020-01-16
Paltrow spoke about how she built her sometimes controversial blog into one of the biggest online luxury brands. Gwyneth Paltrow had the audience laughing and listening intently as she closed out the National Retail Foundation's 2020 conference. Paltrow ...

What to know about skin blemishes
Medical News Today - 2020-01-16
A blemish is the term for any mark on the skin. There are many different types of blemish. Most blemishes are harmless, but some people may wish to treat them for cosmetic reasons. Certain blemishes may indicate an underlying condition, such as skin cancer ...

U.S. vaping-related deaths rise to 60, cases of illness to 2,668
Reuters - 2020-01-16
(Reuters) - U.S. health officials on Thursday reported bit.ly/371CYA2 3 more deaths from a mysterious respiratory illness tied to vaping, taking the total death toll to 60. As of Jan. 14, the Centers for Disease Control and Prevention (CDC) reported 66 new cases from the illness associated with use of e-cigarettes or vaping products. The number ...

Cyberwar: Is Phl defenseless?
philstar.com - 2020-01-16
In the 5th century BC, historian Thucydides introduced the concept of the two domains of warfare - land and sea. World War I resulted in air becoming the third domain. Subsequently, satellites made outer space the fourth domain. Now, the ubiquity of the internet which has brought unprecedented prosperity and enhanced quality of life has also ...

CDC: E. coli outbreak linked to romaine lettuce is over
UPI.com - 2020-01-16
Jan. 16 (UPI) --Federal health officials say romaine lettuce is once again safe to eat, following an outbreak that sickened nearly 170 people in 27 states. The U.S. Centers for Disease Control and Prevention said Wednesday the outbreak -- from the Salinas Valley growing region in California --"appears to be over," because Salinas Valley romaine ...

PHL improves score in WBL index
BusinessMirror - 2020-01-16
Other indicators such as entrepreneurship examined constraints faced by women when starting and running their own business assets, gender differences in property and inheritance law; and the size ...

Moratorium on SSS loan payments pushed
BusinessMirror - 2020-01-16
Besides government institutions, the senator also called on private and government banks, lending agencies, and financial institutions to defer loan payments of borrowers in areas declared under a state of calamity. Likewise, she also urged local government units (LGUs) in the affected areas to defer collecting penalties from individuals who ...

Suspect, cohort slain in gunfight with cops
philstar.com - 2020-01-16
LANAO DEL SUR, Philippines- A murder suspect was killed in an alleged shootout with police officers in this province on Wednesday. Jalaloding Mocsir and his suspected cohort Nasrullah Capal allegedly opened fire on police officers serving a warrant at ...

P136 million shabu in tea bags seized in Sorsogon
philstar.com - 2020-01-16
SORSOGON, Philippines -- At least 20 kilos of shabu with an estimated street value of P136 million were intercepted at the port of Matnog in Sorsogon yesterday. Maj. Maria Luisa Calubaquib, Bicol police spokesperson, said the illegal drugs were packed in tea bags labeled Guan Yin Wang. Irish dela Peña and Jose Lani Rocaza, both residents of ...

Luminary lowers its controversial podcast fee to $4.99 from $7.99 monthly
The Verge - 2020-01-16
Subscription podcast startup Luminary, which is trying to shake up podcasting with its premium model, has lowered its monthly subscription price in the US from $7.99 a month to $4.99, according to podcast news site HotPod and confirmed by the company. The news comes less than a year after the bumpy launch of the venture-backed premium platform ...

Microsoft Pledges To Remove From The Atmosphere All The Carbon It's Ever Emitted
NPR - 2020-01-16
Microsoft has announced an ambitious plan to not just reduce its carbon emissions, but actively remove carbon from the atmosphere -- going "carbon negative" by 2030. And by 2050, the tech giant pledges it will "remove from the environment all the carbon the company has emitted either directly or by electrical consumption since it was founded ...

The CEO of Aurora explains why the self-driving startup bought a laser-radar company that's completely off the tech-industry grid
Business Insider - 2020-01-16
Chris Urmson explains his startup's motivation for buying an obscure company based in Bozeman, Montana.

New ASF cases reported in Tarlac, Bataan
philstar.com - 2020-01-16
SAN FERNANDO, Pampanga, Philippines - African swine fever (ASF) continues to spread in Luzon, with new cases confirmed in Tarlac and Bataan. Mayor Angela Garcia of Dinalupihan, Bataan said hogs in four barangays in her town tested positive for the swine disease. Garcia did not identify the barangays, saying the provincial veterinary office ...

Kepwealth to acquire Metro Manila properties in first half of 2020
BusinessMirror - 2020-01-16
The company said it will increase its asset management portfolio to complement its leasing business. This will be done through potential tie-ups, including those of a prime property in Quezon City where the owner plans to build a five-tower complex; and also the Apo View Hotel in Davao, where the owner plans to build two 40-story towers that ...

How smart city technology & the Internet of Things will change our apartments, grids and communities
Business Insider - 2020-01-16
With people flocking to cities around the world in order to find work, making sure cities can manage more people efficiently and effectively is more important than ever. With the Internet of Things, big data and smart cities,

China just agreed to buy $200 billion worth of US products
CNN Philippines - 2020-01-16
(CNN) --China has agreed to buy hundreds of billions of dollars worth of products from the United States as part of their "phase one" trade deal. The agreement signed Wednesday will have Beijing purchase an additional $200 billion of US goods and services over the next two years. The increase in purchases will be compared to 2017, before the ...

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