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PH eases real estate investment trust rules
Philippine Daily Inquirer - 2020-01-21
The Department of Finance (DOF), Securities and Exchange Commission (SEC), Bureau of Internal Revenue (BIR) and Philippine Stock Exchange (PSE) launched on Monday coordinated rules on securities and revenue regulation as well as public listing of REITs. They removed stringent tax and minimum public ownership (MPO) requirements that prevented ...

Philippines investigates suspected case of Chinese virus
YAHOO! - 2020-01-21
Philippine health authorities are investigating the case of a five-year old Chinese boy with a travel history to Wuhan, the central city where a new coronavirus was first discovered, after he showed flu-like symptoms before arriving in the country.

Maguindanao massacre trial reopened
philstar.com - 2020-01-20
MANILA, Philippines -- The Quezon City court handling the murder cases filed in connection with the Maguindanao massacre has reopened the decade-long trial following the recent arrest of two more suspects. Regional Trial Court Branch 221 Judge Jocelyn Solis-Reyes ordered the cases revived after Kagi Faizal and Gambayan Kasim were brought to ...

Instagram deletes the IGTV button because hardly anybody was using it
CNN Philippines - 2020-01-20
(CNN) - Instagram has quietly removed a button that was perched on the top of people's feeds and directed people to IGTV, its fledgling long-form video hub. The IGTV button used to be next to ...

Tagaytay sets up 'Couple's Nest' for evacuees
CNN Philippines - 2020-01-20
Metro Manila (CNN Philippines, January 20) -- Romance is still thriving in evacuation centers in Tagaytay City, Cavite as local government sets up private spaces dubbed "Couple's Nest" rooms. The local government unit announced on Monday that rooms will be available for couples who were displaced by the Taal Volcano eruption. It said it wants ...

China has announced a new plan to crack down on most single-use plastics by 2025
CNN Philippines - 2020-01-20
(CNN) - The Chinese government has announced a new plan to crack down on plastic pollution across the country by 2025, including a ban on single-use plastic straws and bags. In a statement Sunday, China's National Development and Reform Commission (NDRC) said both the production and use of a large number of single-use plastics would be slowly ...

San Juan fire leaves 22 families homeless
philstar.com - 2020-01-20
MANILA, Philippines -- A fire, likely caused by food left cooking on a kitchen stove, gutted a residential area in Barangay West Crame, San Juan City yesterday. The fire was reported just after 1 p.m. at the corner of Road 9 and 1st West Crame, which is near Club Filipino and Greenhills. The fire was put out less than two hours after it started.

Cash Finder offers assistance to OFWs
philstar.com - 2020-01-20
MANILA, Philippines -- Cash Finder Philippines continues to partner with the OFW Family Club (OFWFC) to give more opportunities by offering financial assistance to overseas Filipino workers. Ruchell Salas, founder of Cash Finder Philippines, said the ...

Batangas power co-ops lose business due to Taal
Philippine Daily Inquirer - 2020-01-20
Two electric cooperatives in Batangas are reeling from loss of business due to forced outages in areas cordoned off by local governments due to the eruption of Taal Volcano, which also displaced ...

AI Will Give Rise To FinTech 2.0 And Longevity Banks
Forbes - 2020-01-20
Over the past 100 years the financial industry has largely excluded people in retirement. Even today tech entrepreneurs are ignoring financial inclusion for people over 60, who make up the wealthiest part of the financial system, and instead, are developing new financial products designed for younger people. The most valuable and capable client ...

Business typhoon
philstar.com - 2020-01-20
In business, issuance of an electronic Letter of Authority (eLA) and its concomitant tax audit investigation (audit) by the Bureau of Internal Revenue (BIR) may be considered as the start of a typhoon by business stakeholders. An audit, if not handled well, may cost millions or billions of pesos to an entity being audited. What is the process ...

UCPB fun run for a cause on February 9
philstar.com - 2020-01-20
MANILA, Philippines -- UCPB, Cocolife, and Cocogen are inviting all running enthusiasts to make their training and racing more meaningful by raising funds for the benefit of children with cleft lip, cleft palate and other facial deformities. The first Coco Unity Run will be held at 4 a.m. on Feb. 9 at the Liwasang Ulalim, CCP Complex in Pasay ...

Pangasinan eyes stricter measures vs ASF
philstar.com - 2020-01-20
LINGAYEN, Pangasinan, Philippines -- The task force on African swine fever in this province has been ordered to intensify measures to prevent the spread of ASF. At an emergency meeting on Sunday, Gov. Amado Espino III ordered an investigation and, if necessary, the filing of charges against unscrupulous individuals responsible for new ASF ...

Woman dies, 3 hurt in Quezon City fire
philstar.com - 2020-01-20
MANILA, Philippines -- A 65-year-old woman died and three others were injured when a fire engulfed a residential area in Quezon City on Sunday. Arson probers identified the fatality as Angelita Unite, whose body was recovered in the toilet of her house along Don Pepe street in Barangay Sto. Domingo. Authorities said Unite was trapped in the ...

NCRPO cracks down on cops using stolen cars
philstar.com - 2020-01-20
MANILA, Philippines -- The National Capital Region Police Office (NCRPO) yesterday launched a crackdown on policemen using stolen vehicles recovered in operations for personal use. NCRPO director Brig. Gen. Debold Sinas said they started checking the license plates of cars used by police officers on orders of Philippine National Police (PNP ...

Ex-Bulacan vice mayor, barangay chairman slain
philstar.com - 2020-01-20
MALOLOS, Philippines -- A task force was created yesterday to investigate the killing of former vice mayor Oscar Marquez of Pandi and his brother-in-law Mauro Capistrano, chairman of Barangay Bagbaguin, on Sunday. The two were shot in an eatery in Barangay Bulihan in Plaridel at around 1 p.m. Col. Emma Libunao, acting Bulacan police director ...

PSEi drops as Duterte steps up attack vs big businesses
philstar.com - 2020-01-20
The stock market opened the week on a sour note yesterday, nosediving to the 7,500 level after the Duterte administration issued a new round of attacks on businesses particularly the latest threat on the Ayala Group. The benchmark Philippine Stock Exchange index (PSEi), the stock market barometer, ended at 7,552.60, plunging by 169.98 points or ...

Coronavirus In China: Over 200 Cases, Human-To-Human Transmission
NPR - 2020-01-20
New information is being reported about the new coronavirus that emerged in China in December and causes respiratory symptoms such as pneumonia -- heightening concerns about its potential threat to humans. On Monday, Chinese authorities reported that the total caseload has risen to over 200, roughly tripling the previous number. In addition ...

5 Abu Sayyaf slain, in Tawi-Tawi, Sulu
philstar.com - 2020-01-20
ZAMBOANGA CITY, Philippines -- Five Abu Sayyaf bandits were killed while a soldier was wounded in military operations in Tawi-Tawi and Sulu over the weekend. Oyong, Datu Solon and Rashida, all surnamed Maulana, and Nhadz Omar were killed in an encounter in Barangay Lakit, Sapa-Sapa, according to Brig. Gen. Camilo Balutan, commander of the ...

Government to return to European debt market
philstar.com - 2020-01-20
MANILA, Philippines -- The government has signaled its intention to return to the European debt market, as it seeks to take advantage of lower rates and the expected demand from European investors, according to the Bureau of the Treasury (BTr). In an interview, National Treasurer Rosalia De Leon said the Treasury has issued an investor call ...

Government issues amended REITs rules, regulations
philstar.com - 2020-01-20
MANILA, Philippines -- The government has issued the new implementing rules and regulations (IRR) of the Real Estate Investment Act of 2009, a move seen to spur the growth of the sector. With the issuance of the IRR, the REIT industry is seen to finally take off, Securities and Exchange Commission chairperson Emilio Aquino said. Companies that ...

Wincrest, net short U.S. stocks, says lofty valuations dangerous
Reuters - 2020-01-20
(Reuters) - Emerging markets are the "anti-bubble" to increasingly expensive U.S. stocks, Barbara Ann Bernard, founder and chief investment officer of asset manager Wincrest Capital, said on Monday. Lofty equity valuations of companies like Apple Inc (AAPL.O) were dangerous, Bernard, whose investments include Saudi Arabian gyms and Indian ...

A battle is brewing over your financial data
Quartz - 2020-01-20
New technology is upending everything in finance. A week after Visa bought Plaid, a Silicon Valley upstart, for an eye-popping $5.3 billion, a Swedish firm called Tink has topped up its war chest. The tech companies are competing to build the dominant networks for connecting financial institutions, whizzy apps, and consumers to each other.

Food insecurity linked with greater risk of premature death
UPI.com - 2020-01-20
"Food insecurity" -- not having enough money to afford sufficient food -- increases the risk of premature death, new research suggests. For the study, researchers analyzed data from more than 510,000 adults in Canada between 2005 and 2017. Over the study period, nearly 25,500 people died prematurely. The average life expectancy in Canada ...

One of Facebook's top executives had an awkward public face-off with Amazon's CTO over making money from user data
Business Insider - 2020-01-20
Amazon CTO Werner Vogels asked Facebook exec Nick Clegg how Facebook plans to make clear to its users that it sells their data -- but Clegg said the firm doesn't sell data.

UP welcomes Palace probe on technohub deal
philstar.com - 2020-01-20
MANILA, Philippines -- The University of the Philippines (UP) yesterday welcomed a Palace investigation into the lease agreement it signed with blue chip property developer Ayala Land Inc. (ALI) for the UP-Ayala Technohub complex. Ellen Pernia, UP vice president for public affairs, said they would cooperate with government investigators.

Nueva Ecija bridge, Magat flood control project completed
philstar.com - 2020-01-20
MANILA, Philippines -- Residents in low-lying areas around Magat Dam are now protected from flashfloods. Loreta Malaluan, Department of Public Works and Highways (DPWH)-Cagayan Valley regional director, said the P122-million Magat River flood control project, which is designed to minimize water overflow during heavy rains, has been completed.

Cavite schools ready to accept students displaced by Taal eruption - governor
CNN Philippines - 2020-01-20
Metro Manila (CNN Philippines, January 20)-- Schools in Cavite are ready to accommodate students displaced by the Taal Volcano eruption, the provincial governor said Monday. "I've given instructions already that children in evacuation areas be absorbed into the school system during this time," Cavite Governor Jonvic Remulla told CNN ...

Heart health: Are women getting incorrect treatment?
Medical News Today - 2020-01-20
Recent research suggests that ignoring sex-specific risk factors of heart disease has resulted in women having a higher risk of dying from heart failure than men. Share on Pinterest Differences between men and women may mean that the latter do not receive the right treatment for heart conditions. The authors urge health services to consider the ...

In sixth district: Indigent patients to get cash aid
philstar.com - 2020-01-20
CEBU, Philippines -- Indigent patients can now seek medical services in more government health facilities, as Sixth District Representative Emmarie "Lolypop" Ouano-Dizon has entered a Memorandum of Agreement with the Vicente Sotto Memorial Medical Center and Eversley Child and Sanitarium and General Hospital. This initiative of the ...

DA bans pork imports from Indonesia; allows entry of meat products from US, Germany
philstar.com - 2020-01-20
MANILA, Philippines -- The Philippines has temporarily banned the importation of domestic and wild pigs and its products from Indonesia in a bid to control the spread of African swine fever. The Department of Agriculture issued a ban after Indonesia confirmed outbreaks of the disease. Based on the report submitted to the World Organization for ...

Huawei signs deal with TomTom for a Google Maps alternative
The Verge - 2020-01-20
Chinese phone maker Huawei will work with Dutch digital mapping company TomTom to put maps on its phones, Reuters reports. A TomTom spokesperson told Reuters that the deal closed "some time ago," but it became public late last week. While TomTom maintains self-branded apps on iOS and Android, Reuters describes Huawei building its own apps ...

ALI bares facts on Technohub deal: P4B in lease to UP, P171, not P22, per square meter per month
Philippine Daily Inquirer - 2020-01-20
Ayala Land Inc. (ALI) is bound to pay a total of more than P10 billion for the lease of land owned by the University of the Philippines (UP) and is paying P171 per square meter per month under its current deal, not P22 as claimed by a pro-Duterte blogger and cited by a ranking Palace official who read the blog. UP is unlocking much more value ...

UBS faces uphill battle to regain ground after Hong Kong IPO sponsor ban lifted
BusinessWorld - 2020-01-20
UBS GROUP AG is seen having a hard time regaining its market. -- REUTERS HONG KONG -- UBS Group AG is likely to have a hard time regaining ground lost in the 10 months it was banned from the big-money business of sponsoring initial public offerings (IPO) in Hong Kong, where Chinese rivals have become formidable players, bankers and analysts said.

Tagle bids farewell to hometown before taking on new role in Rome
CNN Philippines - 2020-01-20
Metro Manila (CNN Philippines, January 20) -- Manila Archbishop Luis Antonio Cardinal Tagle has begun preparations to take on his new role in Rome by bidding farewell to hometown of Imus at a Mass Monday. A report from the Catholic Bishops Conference of the Philippines (CBCP) news website said the mass was held at Our Lady of the Pillar in ...

UK looks to fast-growing Africa for trade ties after Brexit
Philippine Daily Inquirer - 2020-01-20
He pledged that the post-Brexit immigration system would "put people before passports," acknowledging a common frustration across Africa. While other global powers including Gulf nations and ...

Southeast Asia remains FDI bright spot, led by Singapore
BusinessWorld - 2020-01-20
"Such an improvement in macroeconomic conditions could prompt MNEs to resume investments in productive assets, given also their easy access to cheap money, the fact that corporate profits are expected to remain solid in 2020, and hopes for waning trade tensions between the United States and China."

Coronavirus scare in Boracay: 3 Chinese tourists showed flu symptoms, tested
Philippine Daily Inquirer - 2020-01-20
ILOILO CITY--Blood and saliva were taken from three Chinese tourists bound for Boracay Island for tests after they showed flu-like symptoms that alerted health authorities who are on the frontlines of efforts to prevent the entry into the Philippines of a deadly coronavirus strain that emanated from China. Dr. Cornelio Cuachon Jr., Aklan ...

Gamboa takes oath as PNP chief before Taal blast evacuees
Philippine Daily Inquirer - 2020-01-20
STO. TOMAS, BATANGAS, Philippines -- Newly-appointed Philippine National Police (PNP) chief Gen. Archie Gamboa took his oath Monday afternoon before evacuees of Taal Volcano eruption. Gamboa ...

Patients Still Struggle To Balance High Costs Of MS Treatment, Despite Generic
NPR - 2020-01-20
Sometimes, the approval of a new generic drug offers more hype than hope for patients' wallets, as people with multiple sclerosis know all too well. New research shows just how little the introduction of a generic version of Copaxone -- one of the most popular MS drugs -- did to lower their medicine costs. MS is an autoimmune disease that ...

2 hurt as family of 4 ambushed in Zamboanga del Sur
Philippine Daily Inquirer - 2020-01-20
PAGADIAN CITY, Zamboanga del Sur - Two persons were wounded when a family of four on board a Mitsubishi Adventure was ambushed along the national highway in Barangay Nangka, Dinas town, Zamboanga del Sur on Monday (Jan. 20). Dinas police investigator MSgt Albert Hemillian said Abdul Kudarat, the driver; and a certain Armida Mayo suffered ...

Cervical Cancer Could Soon Be Eliminated Because Of This New Screening Method
International Business Times - 2020-01-20
About 13·1 per 100 000 women worldwide diagnosed with cervical cancer every year >311,000 women have died from cervical cancer The new screening method and vaccination can soon eliminate cervical cancer. Cervical cancer affects thousands of women globally and more than 311,000 people have died from it. Thanks to the new improved screening ...

Transportation dept. group: Motorcycle taxi ban stays, decision brought on by Angkas TRO
CNN Philippines - 2020-01-20
Metro Manila (CNN Philippines, January 20) - A Transportation department group studying the viability of motorcycle taxis admitted that the decision to cut the pilot run short was influenced by a stay order on restrictions during the test period. [Translation: The stoppage, the termination of the pilot run was brought about the Ankas filing a ...

Dementia Breakthrough: Combining This With Physical Exercises Can Lower Your Risk Of Cognitive Decline
International Business Times - 2020-01-20
>50 million older adults suffer from dementia It is one of the leading cause of dependency and disability An Interactive gaming experience can reduce dementia risk With more than 50 million sufferers throughout the world, dementia is one of the major reasons for dependency and disability among the older population. Since the brain condition ...

Pharmaceutical stocks spike after China reports new coronavirus cases
CNN Philippines - 2020-01-20
(CNN) -- Chinese pharmaceutical stocks skyrocketed Monday as China reported more than 100 new cases of pneumonia caused by a new strain of coronavirus. A major stock index in China that mainly tracks healthcare and IT companies closed at its highest level in three years. The ChiNext Price Index jumped 2.6% to its highest finish since January 2017.

Court orders transfer of two suspects in Maguindanao massacre case to Camp Bagong Diwa
Philippine Daily Inquirer - 2020-01-20
MANILA, Philippines -- The Quezon City Regional Trial Court has ordered the custody transfer of two suspects in the 2009 Maguindanao massacre case from the municipal police station in Parang, Maguindanao to Camp Bagong Diwa in Bicutan, Taguig City. In an order dated Jan. 17, Quezon City RTC Branch 221 Judge Jocelyn Solis-Reyes ordered the ...

Founder of South Korean retail giant Lotte dies at 97
philstar.com - 2020-01-20
SEOUL, South Korea -- The founder of South Korea's sprawling retail conglomerate Lotte Group has died at the age of 97, company officials said Sunday. Shin Kyuk-ho's reputation was tarnished in his final years when the wheelchair-bound tycoon was convicted of professional malpractice and embezzling from the firm to benefit his relatives in ...

House to hold crucial session in Batangas on Jan. 22
Philippine Daily Inquirer - 2020-01-20
MANILA, Philippines -- The House of Representatives will be holding its plenary session in Batangas province, of the provinces affected by the recent eruption of Taal Volcano, on Wednesday, Jan. 22. House members adopted a motion of House Majority Leader Martin Romualdez on Monday to move the plenary session at the Batangas City Convention ...

DFA warns Filipinos vs carrying animal products to South Korea
Philippine Daily Inquirer - 2020-01-20
MANILA, Philippines -- The Department of Foreign Affairs (DFA) on Monday cautioned the public anew against carrying animal or livestock products to South Korea. DFA issued the advisory after it was reported to the Philippine Embassy in Seoul that a five-year entry ban was imposed to a traveler for failing to pay the fine amounting to ?5 ...

Taal eruption: Total lockdown still up but Batangas mayors can enforce window hours
philstar.com - 2020-01-20
BATANGAS -- Batangas Gov. Hermilando Mandanas stood firm on the implementation of a lockdown in towns affected by Taal Volcano's eruption but said mayors could decide if they would implement window hours when their respective constituents could temporarily return. "From the start, I'm for the implementation of a total lockdown on all gravely ...

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