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UPDATE: Cops track down 4 persons of interest in ambush of DOLE employee
Philippine Daily Inquirer - 2019-11-07
MANILA, Philippines -- Police are tracking down four persons of interest in the killing of an employee of the Department of Labor and Employment (DOLE) in Malate. In a press conference on Thursday, Manila Police District (MPD) acting chief Brig. Gen. Bernabe Balba said two alleged gunmen and two other accomplices were tracked down through a ...

DOJ to form special team to probe broadcaster slay
Philippine Daily Inquirer - 2019-11-07
MANILA, Philippines-A special investigating team will be created to look into the circumstances behind the death of radio broadcaster Dindo Generoso, Justice Secretary Menardo Guevarra said Thursday. Generoso was killed by riding-in-tandem gunmen Thursday morning while driving his brown Hyundai Elantra along Barangay Piapi in Dumaguete City.

Globe net income soars 20% to ?17B in nine months
CNN Philippines - 2019-11-07
Metro Manila (CNN Philippines, November 7) -- Globe Telecom Inc. posted a 20-percent growth in its earnings in the first nine months of the year, backed by double-digit growth in total service revenues. The listed telco firm's core net income jumped to ?17.9 billion in the nine months to September from ?14.9 billion a year ago. The Ayala ...

Emperador nets P5.3 B in first 9 months of 2019
Philippine Daily Inquirer - 2019-11-07
MANILA, Philippines - The Andrew Tan-led liquor-maker Emperador Inc. saw a 1.9-percent growth in net profit in the first nine months amounting to P5.3 billion, driven by a double-digit growth in sales revenues. Revenues for the nine-month period amounted to P33.8 billion, up by 11 percent from the same period last year, Emperador disclosed to ...

Coastal monitoring, inspection of buildings held after quake felt in Quezon province, Metro Manila
philstar.com - 2019-11-07
MANILA, Philippines -- The members of Jomalig Municipal Police Station conducted coastal monitoring and inspection of buildings after an earthquake with magnitude 5.5 struck the waters of Jomalig, Quezon on Thursday morning. According to the Philippine Institute of Volcanology and Seismology, the magnitude 5.5 quake occurred at around 4:52 a.m ...

Duterte mulling ban on plastic use
Philippine Daily Inquirer - 2019-11-07
MANILA, Philippines - President Rodrigo Duterte is eyeing to ban the use of plastics in the Philippines, Malacañang said Thursday. Presidential Spokesperson Salvador Panelo said Duterte bared the idea during the 43rd Cabinet meeting in Malacañang Wednesday night after the issue on climate change was raised. Panelo said Vernice Victorio ...

Philippine economy grows 6.2% in Q3 2019
Philippine Daily Inquirer - 2019-11-07
MANILA, Philippines - The Philippine economy grew 6.2 percent year-on-year in the third quarter, the government reported Thursday. The Gross Domestic Product growth during the July to September period was faster than the 6-percent expansion in the third quarter of last year and the average 5.5-percent growth in the first half.

Airbnb to verify listings as deadly incident prompts safety move
philstar.com - 2019-11-07
WASHINGTON, United States -- Airbnb said Wednesday it would verify all seven million of its listings worldwide after a deadly shooting at one of its California homes fueled fresh safety concerns about the lodging platform. Chief executive and co-founder Brian Chesky said the home-sharing service decided on new steps as part of an effort to ...

SMIC profit surges 26% to P33B
BusinessWorld - 2019-11-07
SM INVESTMENTS Corp. netted P33.1 billion in the first nine months of 2019. SM INVESTMENTS Corp. (SMIC) reported a 26% growth in consolidated net income in the first nine months of the year, thanks to strong profits of its units led by BDO Unibank, Inc. The holding firm of the Sy family posted a net income of P33.1 billion as of end-September ...

To avoid traffic hell, employees live like students in cramped spaces
Philippine Daily Inquirer - 2019-11-07
The worsening traffic gridlock in Metro Manila has opened up opportunities for property developers to build residential property for lease, mostly co-living or dormitory facilities close to central business districts, property consulting firm Colliers said. Based on a survey conducted by Colliers, a typical dormer was willing to pay P4,000 to ...

Xi says Macron visit boosts multilateralism, free trade
BusinessMirror - 2019-11-06
French President Emmanuel Macron (left) listens as Chinese President Xi Jinping talks during a welcome ceremony at the Great Hall of the People in Beijing on Wednesday, November 6, 2019. BEIJING--Chinese leader Xi Jinping on Wednesday hailed a visit by French President Emmanuel Macron as giving a boost to multilateralism and free trade, amid ...

Boeing CEO Muilenburg won't get most of his 2019 pay
CNN Philippines - 2019-11-06
(CNN) -- Boeing CEO Dennis Muilenburg will take a significant cut in pay for 2019 and 2020, according to the company's new chairman. In an interview on CNBC Tuesday morning, Dave Calhoun, who was named Boeing's chairman last month when the board stripped Muilenburg of that title, said that the CEO called him Saturday morning to suggest he ...

Electronics exports could hit $40B for 2019
BusinessMirror - 2019-11-06
Exports of electronic parts could hit an all-time high of $40 billion by the end of the year should it grow by over 3 percent in the fourth quarter, according to an industry leader. Danilo C. Lachica, president of the Semiconductor and Electronics Industries in the Philippines Foundation Inc. (Seipi), said the electronics industry is ...

MPIC bares infra plans in Cebu
Philippine Daily Inquirer - 2019-11-06
Infrastructure holding firm Metro Pacific Investments Corp. (MPIC) is keen on extending its P30-billion Cebu-Cordova Link Expressway (CCLEx)--a toll bridge that will connect mainland Cebu from Cebu City to Cordova town in Mactan Island--all the way to the Mactan Cebu International Airport. MPIC also intends to participate in the building of ...

Philippine central banker sees 'pressure' from Fed rate cuts
NIKKEI - 2019-11-06
NEW YORK -- The U.S. Federal Reserve's interest rate cuts put pressure on emerging economies to loosen monetary policy or else face an influx of capital that drives up their currencies, the chief of the Philippines' central bank recently told Nikkei. The Fed's moves nevertheless do not dictate the bank's policy but are just one factor among ...

US Department of Veterans Affairs offers Apple Health Records to veterans
ZDNet - 2019-11-06
Apple on Wednesday announced that the US Department of Veterans Affairs (VA) will offer its more than 9 million patients access to their health information via Health Records, a feature in Apple's Health app. Apple in the Enterprise: A Strategic Guide ...

Trees often better, cheaper than technology at mitigating air pollution
UPI.com - 2019-11-06
Nov. 6 (UPI) --Planting trees and shrubs around factories and power plants may be a better air pollution mitigation strategy than installing scrubbing technologies, according to a new study. When researchers analyzed the potential of natural and technological mitigation strategies for dozens of pollution sources, including factories, roadways ...

Pilipinas Shell in talks with PNOC on sale of Malampaya banked gas
BusinessMirror - 2019-11-06
Earlier, Phoenix Petroleum and China National Offshore Oil Corp. (CNOOC) signed a memorandum of understanding with PNOC. The MOU will allow the three companies to explore and discuss business opportunities and cooperation in relation to the equity investment in Tanglawan Philippine LNG Inc. and other companies relating to the project ...

Uber short-sellers made $270 million in just 2 days as the stock plunged to record lows
Business Insider - 2019-11-06
The mark-to-market profits Uber shorts logged in two days is about 43% of their year-to-date returns of $640 million, according IHS Markit data.

8 dead, 4 hurt in van, bus collision in Camarines Sur
Philippine Daily Inquirer - 2019-11-06
PILI, Camarines Sur, Philippines -- Eight people were killed and four others were injured in a collision between a UV Express van and an R. Volante passenger bus in Pamplona town, Camarines Sur on Wednesday night. The van came from Daet, Camarines Norte, and was bound for Naga City, while the passenger bus was bound for Manila when the ...

Gordon: BI must ensure foreigners in PH not into drugs
Philippine Daily Inquirer - 2019-11-06
MANILA, Philippines -- The Bureau of Immigration must ensure that foreigners entering the Philippines are not involved in the illegal drug trade, Sen. Richard Gordon said on Wednesday. In a speech before the plenary, Gordon said the bureau should make sure that the intentions of those entering the country were "not criminal or degenerate."

In China, Kids Of Unwed Mothers May Be Barred From Public Health Care, Education
NPR - 2019-11-06
When Liu, a 31-year-old Chinese insurance firm manager, learned she was pregnant in 2017, she resolved to keep her baby. She tried to hide the fact that she was unmarried and pregnant from her colleagues at the private insurance firm where she works in Shanghai. She paid her own hospital bills rather than rely on public insurance and risk ...

Japan's Konoike and Philippines' MacroAsia tie up for airport staffing business
The Japan Times - 2019-11-06
MANILA - Japanese logistics firm Konoike Transport Co. and Philippine aviation service firm MacroAsia Corp. have teamed up to ... The two will develop an airport ground handling staffing business to train and employ foreign workers at Japanese airports as the Japanese government has allowed foreign employment in the business since April ...

Balancing biz, sustainability-the Dutch way
BusinessMirror - 2019-11-06
According to its web site, the OAF is "supported by experienced consultants, academics and field experts, as participants work in dedicated teams on business cases for real-life issues from our partners, designing innovative solutions for sustainability challenges in the region. Our partners range from multinational companies to local ...

Trade war fails to bring promise to manufacturing
BusinessWorld - 2019-11-06
The semiconductor industry accounts for more than half of Philippine exports. The proposed Corporate Income Tax and Incentives Rationalization Act now being reviewed by the Senate will rationalize tax incentives and gradually lower corporate income tax. "Our operating, power and logistics costs are higher so it helps to have incentives," he ...

Calamity funds in quake-hit areas running low -- Lorenzana
philstar.com - 2019-11-06
The National Disater Risk Reduction and Management Council said 34,482 structures were damaged in Western, Northern and Central Mindanao as well as Davao and Bangsamoro regions. Among those affected were 33,150 houses, 10,760 schools and 73 health facilities. Meanwhile, residents of North Cotabato towns received more relief supplies and ...

2 killed in Bulacan drug sting
philstar.com - 2019-11-06
MALOLOS, Philippines -- Two drug suspects were killed in a drug bust in San Jose del Monte on Tuesday. Col. Chito Bersaluna, Bulacan police chief, identified the fatalities as Mark Panganoron and Mark Anthony Mallares. Police said the slain suspects shot it out with police officers who posed as buyers of shabu in Barangay Gaya-gaya. Sixteen ...

Bus hits motorbike in N. Ecija; 3 dead
philstar.com - 2019-11-06
TUGUEGARAO CITY, Cagayan, Philippines -- Three persons died when their motorcycle collided with a passenger bus along the highway in Barangay Baloc, Sto. Domingo, Nueva Ecija on Tuesday night. Police said a Baliwag Transit bus (ABF 7419) was overtaking a truck when it hit the motorcycle driven by Michael Limos, 38, in the opposite lane.

Belmonte, MMDA shut down bus depot
philstar.com - 2019-11-06
MANILA,Philippines -- Quezon City Mayor Joy Belmonte yesterday ordered the closure of a bus depot for allegedly submitting falsified documents. Belmonte and Metropolitan Manila Development Authority (MMDA) general manager Jojo Garcia led the closure of the Baliwag Transit bus depot, which was being used as a terminal, along North Avenue.

China Bank income rises 21% to P6.7 billion
philstar.com - 2019-11-06
MANILA,Philippines -- China Banking Corp. continued to book a double digit growth in its earnings in the first nine months on the back of sustained improvement of its core businesses. In a disclosure to the Philippine Stock Exchange, China Bank said its total consolidated income for the January to September period reached P6.7 billion, up 21 ...

PNP eyes fintech firms in growing digital shift
philstar.com - 2019-11-06
MANILA,Philippines -- Lucio Tan-led Philippine National Bank (PNB) is eyeing possible mergers, acquisitions or partnership with financial technology firms as the bank readies its shift towards digitization. In a press briefing, PNB president and chief executive officer Jose Arnulfo Veloso said most players in the Philippine banking industry ...

AEV Q3 profit dips as power unit falls
BusinessWorld - 2019-11-06
ABOITIZ Equity Ventures Inc. (AEV) posted a 6% drop in third-quarter net income to P6.8 billion as its power business segment, the biggest contributor to its bottom line, recorded a double-digit profit fall during the period. "Despite challenges in our power business, better operating performance in our non-power businesses provided ...

MPIC books P11.8-B profit in nine months
BusinessWorld - 2019-11-06
System-wide revenues, including Meralco, reached P320.3 billion, up 6%. For the January to September period, the power business contributed P8.95 billion in core net income, up 5% thanks to Meralco. Meralco reported a 11% rise in core income to P18.5 billion, driven by the higher energy sales and lower borrowing costs. Global Business Power ...

Promoting public-private partnerships in asean
philstar.com - 2019-11-06
The little voice we have can be a conduit of change. That is why when we are lent a microphone and a million ears, we always make sure that the words we speak echo our aspiration for the people which is inclusive growth and prosperity fueled by cooperation between and among government and private institutions. We did just that in the many ...

Duterte administration satisfaction rating drops
philstar.com - 2019-11-06
MANILA,Philippines -- Public satisfaction with the Duterte administration dropped from "excellent" to "very good" in the third quarter of the year, according to the latest Social Weather Stations (SWS) survey. The poll, taken from Sept. 27 to 30, showed 77 percent of adult Filipinos expressed satisfaction with the administration and 10 ...

Amway PHL enhances portfolio with XS energy drink
BusinessWorld - 2019-11-06
The energy drink is exclusively sold through Amway Business Owners for P99 for one can, P594 for six cans, and P2,376 for a case (24 cans). The Italian SuperEnalotto lottery is currently offering a EUR205.4 million jackpot prize, which is the biggest jackpot anywhere in the world at the moment...

Activision touts new games at fan event in bid for turnaround
BusinessWorld - 2019-11-06
ACTIVISION Blizzard Inc. announced new versions of its Overwatch shooting game and Diablo role-playing title in a bid to re-engage disenchanted fans. Overwatch 2 will include a mode that lets players compete against computer-controlled enemies rather than just other players. The refreshed game will feature additional characters and terrain ...

Samsung to shut down US CPU research division
BusinessWorld - 2019-11-06
The move has led to speculation that Samsung will use core designs from ARM or semi-custom designs. Park added that Samsung is not likely to give up the Exynos business entirely. Samsung said it will continue to develop and produce Exynos chips regardless of the termination of CPU (central processing unit) core projects, and some of 300 ...

Cal-Comp defers IPO for 2 nd time
BusinessWorld - 2019-11-06
Cal-Comp is in the business of manufacturing electronic products such as data storage products, calculators, pachinko displays, smart home appliances and smart beauty products. Moving forward, Cal-Comp said it wants to "focus on the growth of its business in the Philippines and ensure that its targets continue to be met." Among the plans it ...

Bond listings hit P300 billion so far this year
BusinessWorld - 2019-11-06
"Today makes listing number 31, level of P308.92 billion of new bonds listed for the year and a total of P1.27-trillion corporate bonds listed at PDEx (as of Nov. 6)," Philippine Dealing and Exchange Corp. (PDEx) President and Chief Operating Officer Antonino A. Nakpil said in his speech at the listing ceremony yesterday. Mr. Nakpil said he ...

Bayan demands state forces to stay away from QC office
Philippine Daily Inquirer - 2019-11-06
MANILA, Philippines - "This is a legal office. Walang baril at bomba dito. PNP-AFP keep out!" [This is a legal office. There are no guns or bombs here. Philippine National Police-Armed ...

Spox: Admin allies seem unprepared for VP leading drug war
Philippine Daily Inquirer - 2019-11-06
MANILA, Philippines - Administration allies, judging by their words, seem unprepared for Vice President Leni Robredo taking on part of the leadership of the war against illegal drugs, lawyer Barry Gutierrez, vice presidential spokesperson said on Wednesday. Gutierrez assured them that Robredo knew how tough the task at hand would be ...

Childhood trauma may do lifelong harm to physical, mental health
UPI.com - 2019-11-06
Nov. 6 --Traumatic experiences in childhood can do lifelong harm to physical and mental health, education and work, the U.S. Centers for Disease Control and Prevention says. Preventing traumatic childhood experiences -- such as abuse, seeing violence or ...

New guidelines for tax exemption of non-stock non-profits
BusinessWorld - 2019-11-06
Section 30 corporations include (1) labor, agriculture or horticultural organizations not organized principally for profit; (2) mutual savings banks not having capital stock represented by shares, and cooperative banks without capital stock organized and operated for mutual purposes and without profit; (3) beneficiary society orders or ...

More PPPs in revised 'Build, Build, Build' list
CNN Philippines - 2019-11-06
Metro Manila (CNN Philippines, November 6) -- The revised "Build, Build, Build" project pipeline would carry more public-private partnership (PPP) deals, a presidential adviser said Wednesday. Presidential Adviser for Flagship Programs and Projects Vince Dizon said the revised list -- which now features 100 projects versus the older with 75 ...

I was asked to dance
BusinessWorld - 2019-11-06
del Rosario College of Business. This essay was written as part of the requirement in her Strategic Human Resource Management class. The Italian SuperEnalotto lottery is currently offering a EUR205.4 million jackpot prize, which is the biggest jackpot anywhere in the world at the moment...

PRC: 1,068 pass midwife licensure exam
Philippine Daily Inquirer - 2019-11-06
MANILA, Philippines -- Some 1,068 examinees have passed the Midwife Licensure Examination, the Professional Regulation Commission (PRC) announced Wednesday. Mhenrada Kulayan Bandahala of Jose Fabella Memorial Hospital School of Midwifery topped the exam after garnering a rating of 90.95 percent followed by Maricol Urian Canillo of Lyceum of ...

Senate approves on second reading bill to remember road crash victims
Philippine Daily Inquirer - 2019-11-06
MANILA, Philippines -- The Senate approved on second reading Wednesday a proposed measure seeking to declare a day of remembrance for road crash victims and their loved ones. Under Senate Bill No. 1122, every third Sunday of November shall serve as "National Day of Remembrance for Road Crash Victims, Survivors, and their Families."

DepEd needs over P2B to repair quake-hit schools in Mindanao
Philippine Daily Inquirer - 2019-11-06
MANILA, Philippines -- After a series of earthquakes jolted parts of Mindanao, the Department of Education (DepEd) said Wednesday it needs over P2 billion to repair the damaged classrooms. DepEd Undersecretary Annalyn Sevilla said P2.25 billion is needed to reconstruct and rehabilitate schools torn by the powerful tremors that hit different ...

Tornado damages schools, houses in Marawi
philstar.com - 2019-11-06
The tornado left two houses in Barangay Green totally damaged and seven classrooms of Fountain Harvest School in Area 5 also completely destroyed ... It added that tornadoes most often form in association with severe thunderstorms which develop in the high wind-shear environments but it can also form in many different circumstances and places.

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