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CLI expands land bank by more than a third
BusinessMirror - 2019-12-09
These lots were secured for the development of a mixed-use project in Cebu City business district location, an office project in the same area, a mixed-use development in Mactan anchored by a hotel, and residential developments in the cities of Davao, Bacolod, Iloilo, Ormoc, Dumaguete and Bohol. "Our land banking activities are driven by the ...

Duterte orders Yuletide assistance for barangay executives
philstar.com - 2019-12-09
MANILA, Philippines -- Barangay councils should provide assistance for the "economic empowerment" of barangay officials during the Yuletide season. President Duterte issued the directive on Friday under Executive Order 99. Duterte noted that under the Local Government Code, the Sangguniang Barangay may enact ordinances to promote the ...

Cagayan, Isabela floods death toll hits 7
philstar.com - 2019-12-09
TUGUEGARAO CITY, Cagayan, Philippines -- The death toll due to flooding in Isabela and Cagayan since last week has increased to seven. The bodies of Rick Mar Serame, 30, and Mario Parandit, who drowned in Barangay Allasitan and Bidduang, respectively, in Pamplona, Cagayan were recovered on Sunday, town police chief Capt. Joel Labasan said.

Ex-PDEA agent slain in gun attack
philstar.com - 2019-12-09
BAGUIO CITY, Philippines -- A former agent of the Philippine Drug Enforcement Agency was gunned down along Marcos Highway in this city yesterday. Samuel Mora, 58, was driving home in his Toyota Hilux when he was waylaid. Police said the pickup bore 15 bullet holes. A motorcycle, which the assailant reportedly used, was recovered in Barangay Atab.

Mindoro village chief wounded in ambush
philstar.com - 2019-12-09
CAMP VICENTE LIM, Laguna, Philippines -- A barangay captain was wounded in an ambush by unidentified motorcycle-riding men in Oriental Mindoro on Sunday. Ichie Andal of Barangay Lumangbayan was buying something at a market when he was shot at around 5:26 p.m., according to Lt. Col. Imelda Tolentino, Mimaropa police spokesperson. Andal was ...

More banks, e-wallets to adopt national QR standard
philstar.com - 2019-12-09
MANILA, Philippines -- More banks and electronic wallet providers are expected to adopt the national QR (quick response) standard, dubbed QR Ph, launched by the Bangko Sentral ng Pilipinas (BSP) last month. Aristeo Zafra Jr., chief executive officer of BancNet, said Asia United Bank, China Banking Corp., state-run Land Bank of the Philippines ...

All-digital CIMB Bank offers new online platform in Philippine
philstar.com - 2019-12-09
MANILA, Philippines -- The Philippine unit of Kuala Lumpur-based CIMB Group said the Philippine market is very important for the all-digital bank as it aims to reach more unbanked Filipinos. Vijay Manoharan, chief executive officer of CIMB Bank Philippines Inc., told The STAR the foreign bank is confident of growing its client base to about ...

Why the pneumonia vaccination is important for senior citizens
philstar.com - 2019-12-09
Observing a healthy lifestyle may not be enough to protect from microbes that can cause fatal diseases like pneumonia. Senior citizens particularly need protection through immunization to help ensure their health. Within the past decade, pneumonia has accounted for over 57,000 deaths among Filipinos annually. In 2016 alone, 57,809 deaths due to ...

Metrobank pushes financial literacy
philstar.com - 2019-12-09
MANILA, Philippines -- Metropolitan Bank & Trust Co. wants to equip Filipinos with the knowledge they need to make good financial decisions through savings and investing learning initiatives. Digs Dimagiba, chief marketing officer at Metrobank, said the bank aims to help people learn as many Filipinos fall victim to investment scams, get ...

RLC, DoubleDragon team up for new project in Bridgetowne
BusinessWorld - 2019-12-09
"The rationale for the joint venture is to build office buildings for lease to corporations, BPOs (business process outsourcing), and retail outlets. The joint venture is expected to be beneficial to both RLC and DDPC and shall strengthen the leasable ...

China aims to replace up to 30 million pieces of foreign tech in government offices with Chinese tech by 2022
Business Insider - 2019-12-09
The move by Beijing is to increase China's use of domestically made tech, and could affect companies like Dell, HP, and Microsoft.

Pasig River ferry service relaunched
philstar.com - 2019-12-09
MANILA, Philippines -- The Metropolitan Manila Development Authority (MMDA) relaunched yesterday the rehabilitated Pasig River ferry service, increasing its fleet to seven passenger boats to accommodate more commuters wanting to escape the monstrous road traffic in the metropolis. Present during the relaunching at the Lawton station were ...

MPTC proposes P16 billion Harbor Link extension
philstar.com - 2019-12-09
MANILA, Philippines -- Metro Pacific Tollways Corp. (MPTC) is seeking to develop a P16-billion elevated expressway extension of the Harbor Link to better facilitate access to Port Area in Manila. MPTC submitted yesterday the proposal called Harbor Link Port Access Mobility Facility to Public Works Secretary Mark Villar following a progress ...

AUB PayMate partners with GrabPay
philstar.com - 2019-12-09
MANILA, Philippines -- Asia United Bank has partnered with Grab Philippines to enable the acceptance of GrabPay QR code transactions in Starbucks stores in the Philippines using AUB PayMate. AUB PayMate is a digital payment channel that allows merchants to accept QR payments from Chinese tourists. It partnered with GCash and now GrabPay this ...

Tourist arrivals increase 15% in 10 months
philstar.com - 2019-12-09
MANILA, Philippines -- Improved air connectivity, intensified marketing and promotions boosted foreign tourist arrivals in the first 10 months of 2019 to 6.8 million, the Department of Tourism (DOT) reported. Based on DOT data, international visitors from January to October grew 15.04 percent to 6.8 million from 5.9 million in same period last ...

Stocks finish lower on foreign selling
philstar.com - 2019-12-09
MANILA, Philippines -- The stock market opened the week on a sour note, closing 21.92 points, or 0.28 percent, lower at 7,779.80. Likewise, the broader All Shares gauge slipped to 4,637.88, down 8.08 points or 0.17 percent. On the other hand, the sectoral gauges were a mixed bag with the financials, industrial and mining and oil finishing in ...

CLI boosts landbank in key cities
BusinessWorld - 2019-12-09
CLI and Borromeo Brothers are again launching a joint venture for a two-tower condominium in Cebu City. The two companies have previously developed Latitude Corporate Center. The company is rolling out several projects in Cebu, such as redevelopment of the Abaca Resort Mactan and a resort property with a hotel and condominiums in Mactan.

As US Fed reiterates rate pause, forecasts seen blown off course
BusinessWorld - 2019-12-09
The Fed hoped to offset fears that a recession in manufacturing and a drop in business investment could spread malaise to the wider economy. So far the interest rate cuts seem to be working. The Labor department on Friday reported US job growth increased ...

Is it the start of something new?
philstar.com - 2019-12-09
The year is almost over and it will be another year since the passing of the Tax Reform for Acceleration and Inclusion (TRAIN) Law. Throughout this year, the government has been deliberating on other tax reforms; i.e., Corporate Income Tax and Incentives Rationalization Act (CITIRA) and Passive Income and Financial Intermediary Taxation Act ...

Repo market blowup fueled by big banks and hedge funds, BIS says
BusinessWorld - 2019-12-09
Many, including the Fed, concluded in the immediate aftermath that two transitory events collided: investors used repo to finance the purchase of a large batch of newly auctioned Treasuries at the same time that quarterly corporate tax payments drained liquidity from that market. But the BIS doubts an ephemeral supply-and-demand imbalance is ...

Malacañang vows to close schools training child combatants
CNN Philippines - 2019-12-09
Metro Manila (CNN Philippines, December 9) -- Malacañang says it is working toward closing schools which they say train child warriors. In a statement released Monday, Executive Secretary Salvador Medialdea said in various parts of the country, groups that advance terrorism, exploit children as young as 11 years old and force them into ...

SSS eases guidelines on receipt and processing of maternity benefit claims
BusinessMirror - 2019-12-09
The state-run Social Security System (SSS) had set additional guidelines on the receipt and processing of maternity benefit claims following the ease of doing business and to effectively implement Republic Act 11210, or the 105-day expanded maternity leave law (EMLL). SSS President and Chief Executive Officer Aurora C. Ignacio said the ...

Occidental Mindoro passes ordinance banning coal-fired power plants
Philippine Daily Inquirer - 2019-12-09
"Of all energy resources, coal is one of the most injurious to the environment and health. Further, coal by-products cause a lot of pollution, which contributes to global warming and climate ...

Duterte unwilling to compromise over "onerous" water deals
CNN Philippines - 2019-12-09
Metro Manila (CNN Philippines, December 9) -- President Rodrigo Duterte is determined to get to the bottom of the issues concerning water concessionaires and will meet with their officials to ...

Senate approves bill granting night differential pay to government employees
CNN Philippines - 2019-12-09
Metro Manila (CNN Philippines, December 9) -- The Senate passed on its third and final reading a bill that would grant night differential pay for government employees. Senate Bill No. 643, or An Act Granting Night Shift Differential Pay to Government Employees Including Those in Government-Owned or Controlled Corporations (GOCCs) and ...

Northeast monsoon to bring light rainshowers over parts of Luzon
Philippine Daily Inquirer - 2019-12-09
MANILA, Philippines -- The northeast monsoon is seen to bring cloudy skies with light rainshowers over parts of Luzon, the state weather bureau reported Monday. The Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) said the northeast monsoon, more popularly known as Amihan, will affect Cagayan Valley ...

Palace hits granting of political asylum to Filipino couple
Philippine Daily Inquirer - 2019-12-09
Presidential spokesperson Salvador Panelo said the decision of San Francisco Immigration Judge Ila Deiss was "misplaced," for granting asylum to Philippine-born couple Rene and Joy Flores for fear of persecution from the government if they are sent back to the country. The Flores couple went to the United States in 2000 to visit relatives ...

Power cut in areas of Maguindanao over unpaid bills
philstar.com - 2019-12-09
MAGUINDANAO, Philippines -- The Maguindanao Electric Cooperative on Monday shut off power to certain areas in this province to compel delinquent residents to settle P1.2 billion worth of accumulated accounts. Ashary Maongco, manager of the power cooperative that supplies electricity to towns in Maguindanao, was quoted Monday in radio reports ...

Pasig River, Manila to Cavite ferries free until January
philstar.com - 2019-12-09
MANILA, Philippines -- The Manila to Cavite water jeepneys and Pasig River ferry system have been launched and will be free until January. The Department of Transportation announced that shipping companies Seaborne Shipping Company Inc. and Shogun Ships Co. Inc. agreed to have the Manila to Cavite ferry service be free until January 9.

POGOs dominate Philippine office market in 2019 -- Leechiu
philstar.com - 2019-12-09
MANILA, Philippines -- Online casinos cemented its position as the fastest growing industry in the Philippine office market, taking up the largest stock this year, Leechiu Property Consultants reported Monday. Internet-based gambling companies, locally known as POGOs for Philippine offshore gambling operators, occupied 738,000 sqm of office ...

Groups ask MWSS: Suspend tariff adjustment of Manila Water, Maynilad
Philippine Daily Inquirer - 2019-12-09
MANILA, Philippines - A petition to suspend the impending January 2020 rate adjustment of water concessionaires Manila Water Company, Inc. (MWCI) and Maynilad Water Services Inc. (MWSI) was filed by militant groups on Monday. According to the 38-page document submitted by Bagong Alyansang Makabayan (Bayan) and Bayan Muna to the Metropolitan ...

Asian shares rise after buying mood on Wall Street ends week
Philippine Daily Inquirer - 2019-12-09
The Labor Department said employers added 266,000 positions, well above estimates of 184,000. The report also showed unemployment falling to a 50-year low. Separately, an index that measures how ...

Sustaining our future through Geo 24/7
Philippine Daily Inquirer - 2019-12-09
As the population rapidly increases, demand for basic needs such as food, water, and energy also increases. This creates an increasingly vicious cycle where human activities adversely impact the ...

Reunion for a cause
BusinessMirror - 2019-12-09
That day, the UP Virata School of Business (UP VSB, or formerly the UP College of Business Administration) community gathered to not only bond with their batchmates, but also to rekindle ties and ...

Spotify changes way Pinoys listen to music
philstar.com - 2019-12-08
Smartphone penetration and usage have changed the way Filipinos consume music. With this change, music streaming service Spotify is looking to grow in the Philippines through a win-win strategy of delivering a better experience to consumers and providing a platform for local artists to share their work. Gautam Talwar, managing director for ...

Makati stops licensing online gambling service providers
Philippine Daily Inquirer - 2019-12-08
MANILA, Philippines -- Makati City has indefinitely suspended the issuance of business licenses and permits to service providers for Philippine offshore gaming operators, or Pogos, because the ...

Dole to limit sending skilled workers abroad
Philippine Daily Inquirer - 2019-12-08
MANILA, Philippines -- To prevent a local shortage of workers, the Department of Labor and Employment (Dole) is set to impose limits on sending workers abroad in more skilled labor categories.

MRT 7 extension to Bocaue eyed
Philippine Daily Inquirer - 2019-12-08
Conglomerate San Miguel Corp. (SMC) wants to extend the 23-kilometer Metro Rail Transit Line 7 (MRT 7) farther to Bocaue, Bulacan, its top official said. The MRT 7, which will open by 2022, will ...

All they want for Christmas is a place to call home
Philippine Daily Inquirer - 2019-12-08
MANILA, Philippines -- Written on a piece of Manila paper is a simple creed that residents of Sitio San Roque in Quezon City aspire to live by. It reads: "Sitio San Roque is a community of cheerful, dignified and unified members hoping for clean, decent and affordable on-site housing, with access to livelihood opportunities and basic social ...

Banks advised to have enough cash for timely settlement
philstar.com - 2019-12-08
MANILA, Philippines -- The Bangko Sentral ng Pilipinas (BSP) said banks should have enough cash to meet payment and settlement obligations in a timely manner under both normal and stressed conditions. BSP Governor Benjamin Diokno said the guidelines on intraday liquidity risk management would help Philippine banks with large volume of daily ...

Men and women for all seasons
Philippine Daily Inquirer - 2019-12-08
This jovial health secretary during the Ramos administration gave Filipinos a lot of reasons to smile about, aside from his disarming sense of humor. His inclusive health programs--from AIDS awareness to immunization for rebels, doctors to the barrio, fortified rice, breastfeeding, herbal medicine and planting that backyard wonder "malunggay ...

How the Inquirer taught me the art of saying more by saying less
Philippine Daily Inquirer - 2019-12-08
When I first started writing my "No Free Lunch" column nearly 18 years ago for the Business section of another paper, my audience probably numbered only in the tens of thousands (based on that ...

New Year supposed to be about beginnings, not endings
Philippine Daily Inquirer - 2019-12-08
Each time a year draws to a close, I am brought back to that day when I covered the death of a 7-year-old girl hit by a stray bullet just 15 minutes into 2013. She had been watching the fireworks ...

The woman who fell from grace into lahar
Philippine Daily Inquirer - 2019-12-08
This was one coverage where I ended up in the pages of the Inquirer for something I did not write. In 1991, I was tasked to write on how the onslaught of Mt. Pinatubo was affecting the lives of people in Central Luzon. It was one assignment where I personally encountered nature at its most unpredictable. I was with a group of photographers ...

3 Top Healthcare Stocks to Buy in December
Nasdaq - 2019-12-08
Healthcare stocks have lagged behind the overall market so far in 2019. Don't expect that to be the new normal, though. Over the long run, healthcare stocks hold the potential to deliver market-beating returns thanks to aging demographic trends. Intuitive ...

Developing a Talent Pipeline for Your Digital Transformation
BusinessMirror - 2019-12-08
Companies in every industry are digitalizing their operations, and many are struggling to find the talent they need to do it. But not all. In a global survey of 1,000 business leaders, we set out to discover what companies that are good at staffing their digitalization projects do differently. We saw that they do a combination of four things.

3 Networking Tips For Introverts And Anyone That Hates Holiday Parties
Forbes - 2019-12-08
You may think that extroverts are better than introverts at networking because they gravitate toward social events, such as happy hours, work dinners and holiday parties. In actuality, introverts can be just as successful at networking because they are able to build deeper relationships. Whether you identify as an introvert or an extrovert, you ...

Amazon And The Defense Department: CEO Jeff Bezos Pledges Company Support For The Pentagon
International Business Times - 2019-12-08
Amid questions about cooperation between Silicon Valley and the federal government, Jeff Bezos on Saturday pledged that Amazon will support the Department of Defense as that organization continues to pursue defense contracts with tech companies. Bezos said that he respects the views of those within the company who would oppose military ...

CBD medicine may help ease another form of seizure
UPI.com - 2019-12-08
Prescription-grade CBD may help control hard-to-treat seizures caused by a rare genetic disorder, a preliminary study suggests. The study involved 224 patients with tuberous sclerosis complex, or TSC -- a genetic condition that affects about one in 6,000 people, according to the U.S. National Institutes of Health. It causes noncancerous tumors ...

Derrick A. Tan: Finding fulfilment in being a CEO for others
BusinessMirror - 2019-12-08
This dream was not easy to realize as Tan had to work for companies like Nissan and Petron after graduating from De La Salle University. After saving enough capital, he started his first business venture--a small tire and battery retail company that he grow into a diversified business that included distributorship for car lubricants and later ...

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