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MWSS assures Razon firm of action on Wawa dam proposal
BusinessWorld - 2019-11-08
Prime Infra said the MWSS received on Nov. 7 the favorable opinion from the Office of the Government Corporate Counsel on the remaining conditions precedent to make the project fully effective. -- Victor V. Saulon The Italian SuperEnalotto lottery is currently offering a EUR205.4 million jackpot prize, which is the biggest jackpot anywhere in ...

Japanese investors keen on PHL retail, real estate, bankers say
BusinessWorld - 2019-11-08
House Bill 4157 or the Comprehensive Income Tax and Incentives Rationalization Act (CITIRA) -- which will progressively reduce corporate income tax to 20% by 2029 from the current 30% and remove tax incentives deemed redundant -- has been approved in the House of Representatives. Its counterpart bill is still pending in the Senate.

As holidays draw near, vendors hope streets will have space for them
Philippine Daily Inquirer - 2019-11-08
MANILA, Philippines -- Jhong has been selling junk food and bottled water to commuters and passersby near the UN Avenue station of Light Rail Transit in Manila for nearly 11 years. Jhong would be vending for 24 hours daily to earn between P8,000 to P9,000 which he considered enough to bring food to the table for his family. That was until the ...

SC chief Peralta wants US-Marshall patterned security for PH judges
Philippine Daily Inquirer - 2019-11-08
MANILA - Chief Justice Diosdado M. Peralta is pitching for a legislative act that will create a battalion-size independent armed unit patterned after the United States Marshall Service to secure the judiciary. "We have around 2,600 courts in the Philippines and [the number is] increasing. The ideal number [for the marshall] would be 500 ...

4.2-magnitude quake hits Makilala, Cotabato
Philippine Daily Inquirer - 2019-11-08
MANILA, Philippines -- A 4.2 magnitude earthquake struck Makilala town in Cotabato on Friday evening, Philippine Institute of Volcanology and Seismology (Phivolcs) said. Based on its initial earthquake bulletin, Phivolcs said the tremor hit 28 kilometers (km) southeast of Makilala, Cotabato at 6:16 p.m. The earthquake, which was tectonic by ...

PNP unit sacks more than 40 personnel in revamp
CNN Philippines - 2019-11-08
Metro Manila (CNN Philippines, November 8) -- More changes could be expected at the Philippine National Police (PNP) Civil Security Group (CSG) if malpractices and corruption persists within the ranks, as more than 40 rank and file personnel have been relieved. The PNP-CSG has relieved two weeks ago 27 police officers including those from the ...

Albayalde bows out of PNP sans retirement honors
Philippine Daily Inquirer - 2019-11-08
MANILA, Philippines -- Former Philippine National Police (PNP) chief Gen. Oscar Albayalde retired from the police service on Friday as he reached the mandatory retirement age of 56. But Albayalde requested not to be accorded retirement honors by the PNP, as was the custom for ranking generals, according to Brig. Gen. Bernard Banac, PNP ...

3 years after drug war, 71% of NCR villages yet to be cleared of drugs
Philippine Daily Inquirer - 2019-11-08
MANILA, Philippines -- Over three years since the Duterte government started the war on drugs, 71 percent of villages in Metro Manila has yet to be cleared of the drug menace. This was admitted by no less than the top police official in the capital region, Brig. Gen. Debold Sinas, who said that only 29 percent of the villages or around 400 ...

Albayalde exits police force without retirement honors
CNN Philippines - 2019-11-08
Metro Manila (CNN Philippines, November 8) -- Embattled PGen Oscar Albayalde chose not to be accorded retirement honors as he bowed out of the police force on Friday. "Hindi na po nag-avail si Gen.

Prices of 134 Noche Buena items steady -- DTI
philstar.com - 2019-11-08
MANILA, Philippines -- The Department of Trade and Industry said Friday that prices of 134 Noche Buena products were steady since last year amid reports that there were 92 items whose price increased. In a statement, the DTI said prices of 134 product lines such as keso de bola, cheese, sandwich spread, mayonnaise and pasta spaghetti were ...

Debts grew faster than economy in 3rd quarter of 2019
Philippine Daily Inquirer - 2019-11-08
Debts grew faster than the economy in the first three quarters of 2019, pushing a debt-to-GDP ratio of 43.3 percent as of September. Computations made by Finance Underescretary Gil S. Beltran ...

Makati to give P24M aid to quake-stricken Davao del Sur, N. Cotabato
Philippine Daily Inquirer - 2019-11-08
MANILA, Philippines -- The Makati City government will extend P24 million in financial assistance to Davao del Sur and North Cotabato, two of several provinces afflicted by powerful earthquakes ...

Toyota strengthens lineup with the new Vios XLE
Philippine Daily Inquirer - 2019-11-08
November 6, 2019--Toyota Motor Philippines (TMP) strengthens its lead in the subcompact segment by introducing the newest variant of its best-selling model, the Vios XLE. Starting at PHP 791,000 with exciting bundle offers worth as much as 100k, the new locally-made Vios XLE provides customers with more vehicle customization and payment options.

Removing tariffs would reduce recession risk
CNN Philippines - 2019-11-08
(CNN) -- The trade war is doing so much damage to the world economy that the United States and China might just roll back some of their destructive tariffs. That's just what is needed to avoid a recession. On Thursday, China revealed that the two sides are talking not only about avoiding an escalation scheduled for December, but removing some ...

Share prices advance on positive GDP data
philstar.com - 2019-11-08
MANILA, Philippines -- Share prices went up yesterday as market welcomed the third quarter performance. The benchmark Philippine Stock Exchange index finished at 8,073.81, up 47.93 points, or 0.59 percent, while the broader All Shares index also rose 18.41 points, or 0.38 percent, to finish at 4,822.77. All the other gauges were up as well ...

SEC says closely monitoring investigation into P700-million stock theft
philstar.com - 2019-11-08
MANILA, Philippines -- The Securities and Exchange Commission said Friday it is monitoring the ongoing probe into reports that an employee of R&L investments Inc. allegedly stole more than P700 million worth of stocks that forced the brokerage firm to cease operations. The SEC said the Capital Markets Integrity Corporation -- the independent ...

MrSpeedy gears up to empower the Filipino entrepreneur
Philippine Daily Inquirer - 2019-11-08
MrSpeedy Philippines, the fastest growing same-day delivery service in the country ... Users just have to input the pick-up and delivery drop-off pin locations and input contact details for ...

Relatives of some SAF 44 ask Ombudsman to revive homicide complaint vs. ex-president Noynoy Aquino
CNN Philippines - 2019-11-08
Metro Manila (CNN Philippines) - The fight is not yet over for relatives of some of the 44 police commandos killed in Mamasapano, Maguindanao four years ago, as they sought to reopen the investigation on the botched operation. Five complainants, with the help of advocacy group Volunteers Against Crime and Corruption, filed Friday a petition ...

Relatives of some SAF 44 ask Ombudsman to revive homicide complaint vs. ex-president Noynoy Aquino
CNN Philippines - 2019-11-08
Metro Manila (CNN Philippines) - The fight is not yet over for relatives of some of the 44 police commandos killed in Mamasapano, Maguindanao four years ago, as they sought to reopen the investigation on the botched operation. Five complainants, with the help of advocacy group Volunteers Against Crime and Corruption, filed Friday a petition ...

NCRPO denies hatching operation at QC office of Ibon Foundation
Philippine Daily Inquirer - 2019-11-08
MANILA, Philippines -- The National Capital Region Police Office (NCRPO ... A report said Alva is now the chief of staff of the Philippine National Police Legal Service and that he left the NCRPO eight years ago. Sinas said it is possible that someone only used the name of Alva in making the phone call. He added that the Ibon Foundation ...

No wind? No sun? This power plant solves renewable energy's biggest problem
CNN Philippines - 2019-11-08
(CNN) - Virtual power plants could solve one of renewable energy's most vexing challenges: the weather. By supplying electricity from renewable sources even when the sun isn't shining and the wind isn't blowing, virtual power plant technology could help tackle the climate crisis. "If you can't rely on renewable energy and other technologies ...

SolGen asks SC to junk petition vs. new GCTA rules
CNN Philippines - 2019-11-08
"The public respondents respectfully pray that the petition be denied due course and dismissed for lack of merit," the OSG, representing the Department of Justice (DOJ), said in a comment ... The OSG assailed the inmates' petition on technical matters, saying the writs of certiorari and prohibition are not the proper legal remedy.

Peralta vows fair ruling in VP poll protest
CNN Philippines - 2019-11-08
Metro Manila (CNN Philippines, November 8) -- Chief Justice Diosdado Peralta on Friday said that he will be objective on the poll protest filed by former Senator Bongbong Marcos against Vice ...

RCEP put on backburner. Will it affect business ties?
Entrepreneur - 2019-11-08
More than 50 delegates from 30 companies from the countries like Singapore, Thailand, Vietnam, Philippines and Malaysia will be a part of the business summit to affirm trade ties within the bloc. This is the first time PHDCCI will be hosting the India-ASEAN business summit. Poddar said the focus of the India-ASEAN summit will be on six sectors ...

Higher expenses leave PLDT core income flat in 9 months
BusinessMirror - 2019-11-08
It is worth noting that we have started to make inroads in recovering market share in revenue terms in the mobile business in the last two quarters, indicating that we have reached a turning point," PLDT Chairman and CEO Manuel V. Pangilinan said. "Our efforts are now focused on building on the momentum achieved thus far, which means ...

Asian stocks mixed amid uncertainty over US-China trade
Philippine Daily Inquirer - 2019-11-08
BEIJING - Asian stock markets were mixed Friday amid uncertainty about a possible U.S.-Chinese agreement to roll back tariffs in their trade war. Shanghai advanced after Beijing said Thursday ...

All roads lead to the International Coaching Summit 2019
Philippine Daily Inquirer - 2019-11-08
The lights are up, the stage is set. The biggest coaching and leadership event in Southeast Asia - the International Coaching Summit 2019, unfolds today November 8 at the Conrad Hotel, Manila, with over 500 aspiring and Professional Coaches, Corporate Leaders, HR and OD Practitioners, Entrepreneurs, Consultants, and Educators expected to ...

San Miguel group reports P39.7B in net income
Philippine Daily Inquirer - 2019-11-08
Conglomerate San Miguel Corp. (SMC) posted P39.7billion in net profit in the first nine months, down by 5 percent from the same period last year, due to the decline in earnings of its oil and food businesses. Petron Corp. was weighed down by the volatile global crude oil prices and weak refining margins, while San Miguel Foods faced headwinds ...

SEC raises ante on R&L Investments probe
Philippine Daily Inquirer - 2019-11-08
MANILA, Philippines-The Securities and Exchange Commission (SEC) is closely monitoring the ongoing investigation of the Capital Markets Integrity Corp. (CMIC) -- the independent audit, surveillance and compliance arm of the Philippine Stock Exchange -- on rouge trades at shuttered local stock brokerage R&L Investments. The SEC was ...

VACC wants Mamasapano case vs Aquino, et al. reopened
Philippine Daily Inquirer - 2019-11-08
MANILA, Philippines -- The Volunteers Against Crime and Corruption (VACC) on Friday asked the Office of the Ombudsman to reopen the case against former President Benigno "Noynoy" Aquino III and several others over the botched 2015 Mamasapano operation and elevate the charges to homicide. VACC through its representative, Atty. Ferdinand ...

Carpio hits PH gov't for conferring rare awards to Chinese envoy
CNN Philippines - 2019-11-08
Metro Manila (CNN Philippines, November 8) -- Retired Senior Associate Justice Antonio Carpio criticized the government for conferring prestigious awards on a Chinese envoy amid issues on territorial claims in the West Philippine Sea. Carpio on Thursday questioned the awards received by outgoing Chinese Ambassador Zhao Jinhua from President ...

IBM launches new partnerships, innovations to better scale AI on the cloud
BusinessWorld - 2019-11-08
As evidence of the growing appeal of this approach to enable AI to run on any cloud, IBM today announced a number of clients that are leveraging Watson across their enterprises to unearth hidden insights, automate mundane tasks and help improve overall business performance. Companies like multinational professional services firm KPMG ...

Supreme Court gives QC judge one more month to decide on Maguindanao massacre case
CNN Philippines - 2019-11-08
Metro Manila (CNN Philippines, November 8) -- The Supreme Court granted a Quezon City court judge more time to decide on the 10-year-old Maguindanao Massacre case, Chief Justice Diosdado Peralta ...

Palace welcomes satisfaction rating on government
philstar.com - 2019-11-08
MANILA, Philippines -- Malacañang welcomed yesterday the latest Social Weather Stations (SWS) survey from Sept. 27 to 30 of this year, which revealed that 78 percent of adult Filipinos are satisfied with government performance under the Duterte administration. Despite a dip in the ratings, presidential spokesman Salvador Panelo still believes ...

Isuzu D-MAX LS-A parades in Camiguin
BusinessMirror - 2019-11-08
The D-Max LS-A is infused, as well, with features that address the demands of a market that value both hard work and play, business with leisure," said IPC President Hajime Koso. The convoy of D-Max LS-A units along with other variants. Highlighting the new LS-A variant is several touch of dark gray exterior trims all over. Never been more ...

AboitizPower bullish on 2020
BusinessWorld - 2019-11-08
AboitizPower made up 60% of the total income contributions from the strategic business units of holding firm Aboitiz Equity Ventures, Inc. (AEV). "We continued to push our balanced mix strategy because we believe that the long-term energy security of the country can be solved by balancing sustainability, accessibility, and reliability of power.

Canada's Centennial College opens representative office in the Philippines
YAHOO! - 2019-11-08
community and health services, hospitality, tourism, culinary arts and transportation. There are also English Language Learning (ELL) and foundations programs for college and university preparation. The Centennial College International Education Philippines Office will be fully operational after the official opening reception on November 7.

LA-based venture fund to take over Xurpas
BusinessMirror - 2019-11-08
"Xurpas considers the background and expertise of the general partners beneficial to the company and will help Xurpas in its current enterprise business. Moreover, the use of proceeds from the subscription will be used for the purchase of all rights, title and interest of the general partners over all of their US management companies," it sai

Data demand drives Globe Q3 profit higher
BusinessWorld - 2019-11-08
Globe noted that data now accounts for 70% of service revenues, with 47% from mobile data, 14% from home broadband and 9% from corporate data. For its mobile business, Globe generated P83 billion in revenues in the January to September period, 13% higher than the previous year. Globe said mobile revenues remained the top contributor accounting ...

Complaint filed vs reclamation projects
Philippine Daily Inquirer - 2019-11-07
Fishing communities in Cavite and members of the Pambansang Lakas ng Kilusang Mamamalakaya ng Pilipinas (Pamalakaya) on Wednesday filed a formal complaint before the Department of Environment and Natural Resources central office in Quezon City against three ongoing reclamation projects in the province. The complaint expressed opposition to the ...

Judge fines Trump $2 million for misusing charity foundation
Philippine Daily Inquirer - 2019-11-07
NEW YORK - A judge Thursday ordered President Donald Trump to pay $2 million to an array of charities as a fine for misusing his own charitable foundation to further his political and business interests. New York state Judge Saliann Scarpulla imposed the penalty after the president admitted to a series of abuses that were outlined in a ...

House Speaker Cayetano admits 'issue' with ABS-CBN's franchise renewal
CNN Philippines - 2019-11-07
Metro Manila (CNN Philippines, November 7) -- House Speaker Alan Peter Cayetano admitted that he has issues with the bid of media giant ABS-CBN Broadcasting Network to renew its franchise, which is set to expire on March 30 next year, citing the unfair air time given to some vice-presidential candidates in 2016. "Narinig niyo na sa ating ...

Meralco to hike rates in Nov
Philippine Daily Inquirer - 2019-11-07
Manila Electric Company (Meralco) will raise its rates this month by 47.17 centavos a kilowatt-hour, which will mean an increase of P94 in the monthly bill of a typical household. The company said in a statement that an average household consuming 200 kWh would see an increase in its overall rate to P9.56 a kWh, from P9.09 per kWh last month.

Emperador 9-month net hits P5.3B
Philippine Daily Inquirer - 2019-11-07
Tycoon Andrew Tan-led liquor-maker Emperador Inc. saw a 1.9-percent growth in net profit in the first nine months to P5.3 billion, driven by a double-digit growth in sales revenue. Nine-month revenue hit P33.8 billion, up by 11 percent from year-ago level, Emperador yesterday told the Philippine Stock Exchange. "Long-term growth in ...

Investment scam spotting
Philippine Daily Inquirer - 2019-11-07
Emilio Aquino was at one time the youngest director of the former prosecution and enforcement and nontraditional securities and instruments departments of the Securities and Exchange Commission (SEC). He returned to SEC as commissioner in 2016 and was appointed chair in 2018, serving a seven-year term. Q: What have you discovered about the ...

63 rescued from sinking boat off Cebu
philstar.com - 2019-11-07
CEBU, Philippines --At least 53 passengers and 10 crewmembers of MV Siargao Princess were rescued after the vessel stalled in the waters off Sibonga, Cebu yesterday. Philippine Coast Guard (PCG) spokesman Capt. Armand Balilo said the 63 were rescued ...

2 slain in Marawi gun attack
philstar.com - 2019-11-07
LANAO DEL SUR, Philippines -- Two persons were killed in a gun attack in Marawi City yesterday. Jorge Butad and Arturo Macasero suffered multiple gunshot wounds and died at the scene, Col. Madzgani Mukaram, Lanao del Sur police director, said. The ...

Viet fishers get help from Olongapo folk
Philippine Daily Inquirer - 2019-11-07
Four fishing vessels carrying the Vietnamese were forced to seek shelter at Subic Bay on Thursday due to bad weather in the West Philippine Sea, according to Olongapo City Mayor Rolen Paulino Jr ...

Obama's former cybersecurity adviser thinks lawmakers are right to treat TikTok as a security threat
Business Insider - 2019-11-07
TikTok is drawing increased scrutiny from US lawmakers who worry the Chinese-owned app's rising popularity could constitute a security threat.

T-Mobile Announces 5G Rollout: What Can Customers Expect?
International Business Times - 2019-11-07
T-Mobile (TMUS) has announced that it will be rolling out its 5G network on Dec. 6 to more than 200 million Americans. The wireless company has invested $40 billion in its 5G network and services and expects "to deliver 14 times more network capability." The 5G network will cover more than 5,000 cities across the U.S., including rural areas ...

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