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AEV, Singlife partner for life insurance
philstar.com - 2019-12-20
MANILA, Philippines -- Aboitiz Equity Ventures Inc. (AEV) has partnered with Singapore Life Private Limited (Singlife) to establish a new digital life insurance company in the Philippines. Singlife Philippines, the joint venture company, will be majority owned by Singlife, which seeks to provide insurance and financial products to Filipino.

Philippines starts filling up sugar quota for US
philstar.com - 2019-12-20
MANILA, Philippines -- The Philippines has started the process of filling up the sugar quota for the US market following the issuance of order for the validation of quedan that will be eligible for the program. Based on the latest sugar order issued, the Sugar Regulatory Administration (SRA) has advised traders and exporters to apply with the ...

DTI, Seipi to promote electronics industry players to US market
BusinessMirror - 2019-12-20
"We present the Philippines as leveling up in the age of innovation and technology, as we become competitive by providing an ecosystem that promotes ease of doing business, we also focus on Philippine capabilities in cutting-edge technology, such as in artificial intelligence and with enough support mechanism for logistics, R&D and start-ups ...

Central Luzon workers to get wage hike
philstar.com - 2019-12-20
SAN FERNANDO, Pampanga, Philippines - Minimum wage earners in Central Luzon will receive a wage increase. The Regional Tripartite Wages and Productivity Board has issued Wage Order RB III-22 granting an increase of P20 effective next month. The wage increase is supposed to take effect 15 days after publication in a newspaper of general ...

LRT-1 to implement passenger traffic scheme
philstar.com - 2019-12-20
MANILA, Philippines -- The Light Rail Manila Corp. (LRMC) is set to implement early next year a temporary passenger traffic scheme in line with the construction of the Unified Grand Central Station. The LRMC said the scheme would be implemented at the Light Rail Transit Line 1 (LRT-1) north line covering the Monumento, Balintawak and Roosevelt ...

Bank of Commerce eyes P10 billion LTNCDs
philstar.com - 2019-12-20
MANILA, Philippines -- Bank of Commerce, the banking arm of diversified conglomerate San Miguel Corp. (SMC), is tapping the onshore debt market early next year to raise P10 billion to diversify its funding sources. The Bangko Sentral ng Pilipinas (BSP) has given the bank the green light to issue long-term negotiable certificates of time ...

Government sees below target budget deficit this year
philstar.com - 2019-12-20
MANILA, Philippines -- The government expects to book a lower-than-expected budget deficit this year despite the spending catch-up plan arising from the delayed implementation of the 2019 national budget, according to the Department of Budget and Management (DBM). Based on the medium-term fiscal program approved by the Development Budget ...

Market rallies on last minute bargain hunting
philstar.com - 2019-12-20
MANILA, Philippines -- The benchmark Philippine Stock Exchange index rallied yesterday, surging by 119.18 points, or 1.55 percent, to settle at 7,773.12. Likewise, the broader All Shares gauge rose by 39.98 points, or 0.87 percent, to finish at 4,598.83. All sectors finished in positive territory except for the industrial index, which lost 1 ...

A speech in Washington
philstar.com - 2019-12-20
Frank Turek writes a very interesting piece of material that will make us think. The United States Congress was in a rare joint session. All 435 representatives and 100 senators were in attendance, and the C-SPAN-TV cameras were rolling. The members were gathered together to hear a speech by a descendant of George Washington. But what they ...

Facebook is entering the cloud-gaming market with its PlayGiga acquisition
Business Insider - 2019-12-20
Facebook confirmed the acquisition of PlayGiga - following the trend set by Microsoft and Google with a push into the budding cloud gaming space.

Solons cross party lines, push peace talks
Philippine Daily Inquirer - 2019-12-20
MANILA, Philippines -- A total of 131 members of the House of Representatives on Thursday crossed party lines to seek the resumption of peace talks between the government and the National Democratic Front (NDF). The lawmakers filed House Resolution No. 636, which proponents said "sends a strong message of support from the members of the ...

Duterte tells military to hold daily drills for Jose Rizal, PH
CNN Philippines - 2019-12-20
Metro Manila (CNN Philippines, December 20) -- President Rodrigo Duterte on Friday gave a verbal order to the military to hold drills daily to honor national hero Jose Rizal and the country. Duterte said he was inspired by a similar practice in China. "Every sundown mayroon silang drill [they have a drill] -- a drill before the flag is ...

Two new motorcycle taxi services to rival Angkas
CNN Philippines - 2019-12-20
Metro Manila (CNN Philippines, December 20) -- The transport regulator has approved the entry of two more motorcycle taxi services to rival ride hailing app Angkas in the extended trial run. The Land Transportation Franchising and Regulatory Board (LTFRB) on Friday announced that it has approved JoyRide and Move It to participate in the ...

LRT 1 to implement temporary traffic scheme in 2020
Philippine Daily Inquirer - 2019-12-20
MANILA, Philippines -- The Light Rail Transit Line 1 (LRT 1) will implement a new temporary passenger traffic scheme at select stations for the first months of 2020. This is to make way for the construction of the Unified Grand Central Station, which will connect the systems of LRT 1, Metro Rail Transit Line 3 (MRT 3) and MRT 7. From Jan. 4 to ...

Provident Healthcare Partners Advises Comprehensive Autism Center In Its Acquisition By The Speech Pathology Group
YAHOO! - 2019-12-20
BOSTON and LOS ANGELES, Dec. 20, 2019 /PRNewswire/ -- Comprehensive Autism Center (CAC), an autism services provider offering in-home and center-based ABA therapies, has been acquired by the Speech Pathology Group (SPG), a portfolio company of Ridgemont Equity Partners. CAC provides clinically proven, community-oriented, and outcome-tracking ...

BSP fine-tunes rules for pawnshops, FX dealers
BusinessWorld - 2019-12-20
They should also assess risks from dirty money and terrorism-financing, the central bank said. "Inability to comply with relevant customer due diligence measures is a ground for refusing to open the account, commence business relations or perform the transaction and/or terminating the business relationship," according to the memo.

Peso weakens on potential Trump impeachment
BusinessWorld - 2019-12-20
THE peso weakened against the dollar on Friday as worries about the potential impeachment of US President Donald J. Trump haunted the market. It closed at P50.815 against the greenback, 18 centavos weaker than on Thursday, according to data from the Bankers Association of the Philippines. The peso also weakened by 17.5 centavos from a weak earlier.

ISOC edotco starts construction of common tower
philstar.com - 2019-12-20
MANILA, Philippines -- ISOC edotco Towers, a tandem of Malaysia-based tower giant edotco Group Sdn. Bhd. and Filipino firm ISOC Infrastructure Inc., has started construction of its first common tower located in Cavite. The shared infrastructure, which ...

De Oro media group says guilty verdict in Ampatuan case offers window for probe of other killings
Philippine Daily Inquirer - 2019-12-20
CAGAYAN DE ORO CITY--Media groups here applauded the conviction of the principal accused and others in the Ampatuan massacre, saying it opened the window for an investigation and prosecution of those behind other cases of media killings. The Cagayan de Oro Press Club (COPC), in a statement, expressed jubilation over the guilty verdict handed ...

Samsung Galaxy S11 Series To Feature Game-Changing Zoom Prowess
International Business Times - 2019-12-20
Samsung Galaxy S11 series, according to reports, will be launched in Feb. 18, 2020 The trio, namely Samsung Galaxy S11, S11 Plus, and S11e will feature high-resolution telephoto lens of not less than 48MP, says tipster Earlier reports suggested that Samsung Galaxy S11 and S11 Plus will feature 108 MP primary shooter Each new leak that surfaced ...

CA revives case versus suspects in Gerry Ortega slay
CNN Philippines - 2019-12-20
Metro Manila (CNN Philippines, December 20) -- The apellate court has revived the murder case of broadcast journalist and environmentalist Gerry Ortega. In a decision promulgated on November 28 ...

Overall export growth picks up
BusinessWorld - 2019-12-20
"It has been a major driver of export performance in the economy for quite some time now," he said. Rizal Commercial Banking Corp. economist Michael L. Ricafort noted in an e-mail that "services exports continued to be resilient in view of the ...

2 new operators to rival Angkas as pilot run extended for 3 months
Philippine Daily Inquirer - 2019-12-20
MANILA, Philippines -- The pilot run of motorcycle ride-hailing firm Angkas has been extended for three more months and two new operators will be contending in the experimental project, the Land ...

FOCUS-Novartis wins Medicaid approval for new sickle cell drug in key U.S. states
Nasdaq - 2019-12-20
Novartis AG has secured Medicaid coverage for a pricey new sickle cell disease therapy in two U.S. states just weeks after winning U.S. approval, following an early campaign to convince local officials of its value, according to a company executive and a Reuters review of public filings. The approvals from the Florida and Alabama Medicaid ...

PSEi recovers, but still down for the week
BusinessWorld - 2019-12-20
LOCAL SHARES managed to recover towards the end of the trading day after falling early on Friday, giving investors some respite from a week that has seen some stocks stumbling on negative sentiments on those in the water business. The Philippine Stock Exchange index (PSEi) closed 1.55% higher to end the week at 7,773.12, while the all shares ...

LPA outside PAR develops into tropical depression
Philippine Daily Inquirer - 2019-12-20
MANILA, Philippines -- The low-pressure area (LPA) outside the Philippine Area of Responsibility (PAR) has developed into a tropical depression, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) reported Friday afternoon. The state weather bureau said the LPA outside PAR was spotted 2,370 kilometers east ...

BIR sues fake tax ID seller preying on Chinese workers
Philippine Daily Inquirer - 2019-12-20
Tax aithorities haled to court a woman who had allegedly been selling counterfeit tax identification (TIN) cards to Chinese workers in Manila. In a statement on Friday (Dec. 20), the Bureau of Internal Revenue (BIR) said its office in the city of Manila last Dec. 17 lodged a criminal complaint against Marjerie Reyes Rasgo at the Office of the ...

EU gives PH additional P170M in humanitarian aid
Philippine Daily Inquirer - 2019-12-20
MANILA, Philippines -- The European Union (EU) has provided the Philippines additional humanitarian funding amounting to EUR3 million (nearly P170 million) to help individuals affected the recent series of natural calamities and conflicts. In a news release, EU cited the recent onslaught of Typhoon Tisoy, internationally known as Kammuri, and ...

China group's $10bn Philippines airport bid sows alarm
NIKKEI - 2019-12-20
"That is a major concern not only for the Philippine Navy and the Armed Forces of the Philippines, but also for the whole country," a senior navy official told the Nikkei Asian Review, requesting anonymity. The consortium was the lone bidder on Tuesday at an auction for the project which will involve the reclamation of 1,900 hectares of land ...

PH economic growth to remain strong in coming decade, says think tank
Philippine Daily Inquirer - 2019-12-20
The Philippine economy will remain among the strongest across the globe in the coming decade partly due to its demographic sweet spot and educated workforce, according to the Economist ...

42 acquitted in Maguindanao massacre case freed
CNN Philippines - 2019-12-20
Metro Manila (CNN Philippines, December 20) -- Most of those acquitted in the Maguindanao massacre case are free now, only a day after the announcement of verdict, the Bureau of Jail Management and Penology (BJMP) said on Friday. BJMP Spokesperson Chief Inspector Xavier Solda said 46 of the 58 acquitted were under their custody. He said 42 ...

More Filipinos hopeful for a better year in 2020 - survey
CNN Philippines - 2019-12-20
Metro Manila (CNN Philippines, December 20) -- Most Filipinos are hopeful for a better 2020 with poor families growing more optimistic about the new year, a recent survey showed. Research firm ...

3 Maguindanao massacre victims sexually assaulted, court says
CNN Philippines - 2019-12-20
Metro Manila (CNN Philippines, December 20) -- Female relatives and supporters of Esmael "Toto" Mangudadatu were sent to file his candidacy for Maguindanao's gubernatorial race in November 23 ...

131 lawmakers urge Duterte to resume peace talks with NDFP
CNN Philippines - 2019-12-20
CNN Philippines (Metro Manila, December 20) - More than a hundred lawmakers from different affiliations are urging the administration to resume peace negotiations with the National Democratic Front of the Philippines (NDFP). A total of 131 congressmen, as of Thursday, have signed House Resolution (HR) 636 "expressing the sense of the House of ...

DOH studying counter offer to lower prices of medicines
CNN Philippines - 2019-12-20
Metro Manila (CNN Philippines, December 20) - The Department of Health (DOH) is studying the counter proposal of some pharmaceutical companies to voluntarily reduce the cost of some of their medicines by 50 to 75 percent, in lieu of a price cap regulation. "We appreciate the gesture of Pharmaceutical Healthcare Association of the ...

Maguindanao massacre should reopen death penalty debate - Imee Marcos
Philippine Daily Inquirer - 2019-12-20
MANILA, Philippines - The reimposition of capital punishment or death penalty should be given serious thought for crimes of an "unimaginable level of brutality and inhumanity, as in the Maguindanao massacre," Senator Imee Marcos said Friday after the court handed down its verdict on the brutal 2009 Maguindanao massacre that took the lives ...

OPINION: Corruption
philstar.com - 2019-12-20
Congress just approved a budget worth P4.1 trillion. Probably not surprising given how the economy is growing and so is the population. What bothers me is the amount of money we will certainly lose due to corruption. We have taken corruption for granted, but the amount lost to corruption in a P4.1 trillion national budget should be eye-popping.

This logo won a design competition in China. It looks a lot like Disney's
CNN Philippines - 2019-12-20
(CNN) -- The Chinese city of Dalian has selected a new design for a logo aimed at promoting tourism. One problem: It looks an awful lot like Disney's. The Dalian Culture and Tourism Bureau last week unveiled the winner of a competition to design its new logo, complimenting the "use of a few strokes" to "vividly" showcase the city's ...

The best ways to show your employees you appreciate them
CNN Philippines - 2019-12-20
(CNN) -- No matter what people do for a living, no matter their title or salary, everyone wants to feel appreciated for their efforts by their companies and their direct managers. While it's a good idea to let your employees know you appreciate them throughout the year, the holiday season provides employers an opportunity to up their game.

Eight-year-old tops YouTube list of high earners with $26 million
CNN Philippines - 2019-12-20
(CNN) - An eight-year-old boy who reviews toys on YouTube has been named by Forbes as the platform's highest earner in 2019. Ryan Kaji, whose channel Ryan's World has 22.9 million subscribers, earned $26 million in 2019 -- up $4 million from his earnings in 2018, when he also gained the highest-earning YouTuber spot. Forbes estimates that the ...

Wet, cloudy Christmas seen down South as LPA looms
Philippine Daily Inquirer - 2019-12-19
MANILA, Philippines - Two low-pressure areas (LPA) east of Mindanao are expected to gatecrash the Christmas holidays and bring cloudy skies and intermittent rain showers in parts of the Visayas and Mindanao, the state weather bureau said Friday. In its 4 a.m. weather bulletin, the Philippine Atmospheric, Geophysical and Astronomical ...

PH bags $400-million loan for disaster response
CNN Philippines - 2019-12-19
Metro Manila (CNN Philippines, December 19) -- The World Bank lent $400 million (about ?20 billion) to the Philippines to improve disaster resilience and climate change adaptation efforts.

Trump itching for fight after impeachment
Philippine Daily Inquirer - 2019-12-19
BATTLE CREEK, MICHIGAN--US President Donald Trump likes a fight and he likes a show and on Wednesday with impeachment voted right at the moment he was addressing a campaign rally hundreds of miles away in Michigan--he got both things on steroids. By a twist of fate, a long-planned Trump rally in the small city of Battle Creek not only ...

Green-minded
Philippine Daily Inquirer - 2019-12-19
Inquirer Business continues its annual Christmas gift guide--and this year, the list is an ode to the environment and the people working tirelessly to ensure its preservation, such as the ...

QC court acquits 56, mostly policemen
Philippine Daily Inquirer - 2019-12-19
More than half of the 101 accused, mostly policemen, in the Nov. 23, 2009, Maguindanao massacre were acquitted of murder charges by the Quezon City Regional Trial Court on Thursday. Sajid Islam Ampatuan and his brother-in-law, Akmad "Tato" Ampatuan--two of the seven principal suspects--were cleared after the prosecution failed to prove ...

ANA Holdings Inc
Reuters - 2019-12-19
Japan's ANA Announces Capital, Strategic Tie-Up With Philippines' Pal Holdings Jan 29 (Reuters) - ANA Holdings Inc <9202.T>::ANA HOLDINGS ANNOUNCES CAPITAL, STRATEGIC TIE-UP WITH PHILIPPINES' PAL ...

Smartphone maker Oppo launches Asia-Pacific offensive
Philippine Daily Inquirer - 2019-12-19
Oppo Mobile Telecommunications Corp., one of the biggest Chinese mobile phone makers operating out of Guangdong, China, is making a big push to expand in the Asia-Pacific region and compete head-on with the leading global brands. According to German market research firm GfK, the Apac region accounted for half of global smartphone sales in 2019 ...

TikTok got an F for data accessibility. Who got an A?
Mashable - 2019-12-19
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 ...

These AI-Powered Digital Health Devices Debut At CES 2020
Forbes - 2019-12-19
In a 2018 Accenture Digital Health report, 75 percent of respondents said technology played an essential role in managing their health. And, when when it came artificial intelligence (AI) powered digital health and wearable devices, 72 percent said they are willing to share their wearable data with their health insurance plan. The report also ...

Congress is raising the minimum smoking and vaping age to 21
YAHOO! - 2019-12-19
Congress just raised the legal age to smoke or vape to 21, BuzzFeed News reports. The law will go into effect sometime next year, and it will cover all nicotine products. President Trump said last month that the administration planned to raise the minimum vaping age to "21 or so," so this isn't entirely unexpected. While the current legal ...

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