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Alfonso Cusi not keen on extending SC 38 for Malampaya project
philstar.com - 2019-09-18
MANILA, Philippines -- Energy Secretary Alfonso Cusi is not keen on unilaterally extending service contract (SC) 38 covering the Malampaya gas project. Instead, he is open to renegotiate the Malampaya contract with the current consortium led by Shell ...

Term deposit rates mixed as oil, ASF fan inflation fears
philstar.com - 2019-09-18
MANILA, Philippines -- Term deposits fetched mixed results yesterday as the weekend attack on the oil production facilities in Saudi Arabia allegedly perpetuated by Iran fanned inflation concerns. The yield of the seven-day term deposits eased by 1.63 ...

Pregnant woman nabbed in drug sting
philstar.com - 2019-09-18
MANILA, Philippines -- A pregnant woman was apprehended for alleged possession of P30,000 worth of shabu during a sting in Quezon City on Tuesday night. Mira Bastiner, 44, who is seven months pregnant, was allegedly selling narcotics in violation of ...

Traders on sidelines ahead of rate cut announcements, PSEi slips
philstar.com - 2019-09-18
MANILA, Philippines -- The stock market ended in negative territory yesterday, down 16.94 points, or 0.21 percent, to end at 7,915.29. Traders said stock market investors did not have much incentive to go back to the market and would rather wait for the ...

8 Coast Guard personnel convicted of homicide in 2013 death of Taiwanese fisherman
CNN Philippines - 2019-09-18
Metro Manila (CNN Philippines, September 18) -- Members of The Philippine Coast Guard (PCG) were found guilty in the 2013 homicide of a Taiwanese fisherman in the Balintang Channel near Batanes ...

Mar Roxas tells Ombudsman GCTA rules consistent with law
CNN Philippines - 2019-09-18
Metro Manila (CNN Philippines, September 18) -- Former Interior Secretary Mar Roxas told the Office of the Ombudsman that the implementing rules and regulations (IRR) of the expanded Good Conduct ...

Alleged harassment incident reported in Abante News plant after fire attack
Philippine Daily Inquirer - 2019-09-18
MANILA, Philippines -- Abante News Group on Wednesday reported another alleged harassment attempt at its printing plant in Parañaque City. Abante News Group General Manager Gil Cabacungan said ...

All four convicts in Chiong rape-slay case now in custody
CNN Philippines - 2019-09-18
Metro Manila (CNN Philippines, September 18) -- Two convicts in the rape-slay of sisters Marijoy and Jacqueline Chiong released for good behavior credits have surrendered to authorities.

SMC to propose 10-lane elevated tollway on EDSA
CNN Philippines - 2019-09-18
Metro Manila (CNN Philippines, September 18) -- San Miguel Corporation (SMC) plans to submit a proposal for an elevated 10-lane tollway on Epifanio de los Santos Avenue (EDSA), its top official ...

Two passengers injured as LRT-1 window breaks
CNN Philippines - 2019-09-18
Metro Manila (CNN Philippines, September 18) -- Two passengers of the Light Rail Transit Line 1 (LRT-1) suffered minor injuries after the window of one of its trains got shattered Wednesday ...

Imee Marcos hopes UP will air family's side in martial law subject
CNN Philippines - 2019-09-18
Metro Manila (CNN Philippines, September 18) -- Senator Imee Marcos is calling on the University of the Philippines to give her family a chance to tell their side on the martial law era.

Palace rejects Del Rosario's call for Philippines to raise arbitral win at UN meet
philstar.com - 2019-09-18
July 11, 2019 - 9:18am An overwhelming majority of Filipinos believe it is important to that the Philippines regain control of islands in the West Philippine Sea that are occupied by China, the latest Social Weather Stations survey suggests. SWS says 93% ...

Roxas to Enrile: Public office ban must be for those facing plunder charges
Philippine Daily Inquirer - 2019-09-18
MANILA, Philippines -- Former Senator Mar Roxas on Wednesday took a jab at former Senate President Juan Ponce Enrile, saying those facing plunder charges should be the ones banned from holding ...

Fellow solons echo Salceda: No pork in 2020 budget
Philippine Daily Inquirer - 2019-09-18
MANILA, Philippines - Lawmakers from the House of the Representatives have echoed the assertions of Albay 2nd District Rep. Joey Salceda that there is no pork in the proposed 2020 budget.

Bayani Fernando suggests arming traffic enforcers with bolos
CNN Philippines - 2019-09-18
Metro Manila (CNN Philippines, September 18) -- A lawmaker has suggested arming trafffic enforcers with bolo - a single-edged knife - instead of issuing them firearms. On Wednesday, Marikina 1st ...

House OKs creation of TWG on Department of OFWs
Philippine Daily Inquirer - 2019-09-18
MANILA, Philippines -- A joint House panel on Wednesday agreed to create of a technical working group (TWG) that would tackle the proposals to create a new department that would look after the ...

Duterte certifies 2020 budget as urgent
CNN Philippines - 2019-09-18
Metro Manila (CNN Philippines, September 18) -- President Rodrigo Duterte has certified as urgent the passage of next year's budget. Duterte, on letters dated September 17, told Senate President ...

House panel chair opposes proposed gross tax scheme for corporations
CNN Philippines - 2019-09-18
Metro Manila (CNN Philippines, September 18) -- President Rodrigo Duterte's proposed shift to a gross taxation scheme for corporations might face opposition in the House of Representatives.

Ombudsman tags at least 2 BuCor execs in GCTA mess; partial report out soon
Philippine Daily Inquirer - 2019-09-18
MANILA, Philippines -- Ombudsman Samuel Martires revealed Wednesday that his office is nearing the completion of the gathering of evidence against at least two officials of the Bureau of ...

5 Vietnamese firms among 10 most visited e-commerce sites in Southeast Asia
Philippine Daily Inquirer - 2019-09-18
HANOI -- Five Vietnamese e-commerce platforms were named among ten most visited sites in Southeast Asia in the first half of this year. According to the latest report released recently by price ...

Samsung heir discusses investment with Saudi prince in Jeddah
Philippine Daily Inquirer - 2019-09-18
SEOUL -- Lee Jae-yong, vice chairman and heir apparent of Samsung Electronics, met with Mohammad bin Salman bin Abdulaziz, the crown prince of Saudi Arabia, to discuss investment opportunities ...

Duterte wants swift passage of P4.1-trillion national budget for 2020
Philippine Daily Inquirer - 2019-09-18
MANILA, Philippines -- President Rodrigo Duterte has certified as urgent the proposed P4.1-trillion national budget for 2020. In his September 17 letter to Senate President Vicente Sotto III and ...

Oil prices tumble after Saudi Arabia says production is coming back online
CNN Philippines - 2019-09-18
(CNN) -- Oil prices dropped sharply Tuesday, following Monday's surge that sent shock waves around the world. US oil futures settled down 5.7 percent at $59.24 a barrel. It was the worst one-day ...

Southeast Asian manufacturing sees opportunity in U.S.-China row
Philippine Daily Inquirer - 2019-09-18
BANGKOK/HANOI -- Southeast Asian countries are intensifying their efforts to attract companies planning to move production bases outside China, as the United States and China have become ...

Cebu air quality worsens due to haze from Indonesia
CNN Philippines - 2019-09-18
Metro Manila (CNN Philippines, September 18) -- Authorities have advised residents in Cebu to stay indoors, wear N95 masks or cover their noses and mouths with wet handkerchief as fine ...

Japanese lens maker with tax holiday hikes production in Batangas plant
Philippine Daily Inquirer - 2019-09-18
Tanauan City, BATANGAS--Japanese lens maker Hoya has bought new equipment to make more corrective lenses in its factory in the Philippines, mainly for markets overseas. Ellen Vergara, finance ...

Salceda: House to approve 2020 national budget on September 20
CNN Philippines - 2019-09-18
Metro Manila (CNN Philippines, September 18) -- The House of Representatives will approve the proposed ?4.1-trillion 2020 national budget on Friday. House committee on appropriations vice ...

Duterte threatens to look into alleged past loans of Lopez group
CNN Philippines - 2019-09-18
Metro Manila (CNN Philippines, September 18)- President Rodrigo Duterte on Tuesday launched a fresh tirade against the Lopez Holdings Corporation and has threatened to look into the Filipino ...

Only 132 surrendered convicts are included in BuCor list -- PNP
Philippine Daily Inquirer - 2019-09-18
MANILA, Philippines -- More than 100 surrendered convicts freed through the Good Conduct Time Allowance (GCTA) law are included in the official Bureau of Corrections (BuCor) list of 1,914 heinous ...

Economic managers to OK three airport projects
Philippine Daily Inquirer - 2019-09-18
MANILA, Philippines -- Economic managers will discuss and likely approve at least three airport projects--including the proposed rehabilitation of Ninoy Aquino International Airport (Naia ...

Salceda: Each congressman will receive P100M in 2020 budget
Philippine Daily Inquirer - 2019-09-18
MANILA, Philippines -- Albay Rep. Joey Salceda revealed Wednesday that each lawmaker at the House of Representatives would receive P100 million in the proposed P4.1 trillion national budget for 2020.

Driving the extra mile for your business
Philippine Daily Inquirer - 2019-09-18
As more and more trucks are being transitioned to Euro IV, repairs for truck engines now require more knowledge in computers and diagnostics. This is good for everyone in the long run, but could ...

A crack just emerged in the financial markets: The NY Fed spends $53 billion to rescue the overnight lending market
CNN Philippines - 2019-09-18
(CNN) -- Borrowing rates skyrocketed on Tuesday in a corner of the markets the public rarely notices but that is critical to the functioning of the global financial system. The spike in overnight ...

?200,000 reward offered for tip on people who dumped pigs in Marikina River
CNN Philippines - 2019-09-18
Metro Manila (CNN Philippines, September 18) - Marikina Mayor Marcy Teodoro is offering a P200,000 bounty for information on the whereabouts of those who dumped pig carcasses in the city's major ...

No double jeopardy in re-arresting freed heinous crime convicts - Guevarra
CNN Philippines - 2019-09-18
Metro Manila (CNN Philippines, September 18) -- Re-arresting heinous crime convicts who were released through the expanded Good Conduct Time Allowance (GCTA) law will not place them twice in ...

Food giant Del Monte accused of complicity in Philippine attacks
Al Jazeera English - 2019-09-18
Global Witness said that for years, Lorenzo "maintained an inappropriate business relationship" with Del Monte Philippines. "The investigation reveals how for many years Del Monte Philippines had a business agreement with Pablo Lorenzo to grow pineapples ...

SMC, DOTr sign contract for Bulacan Airport
philstar.com - 2019-09-18
MANILA, Philippines -- Conglomerate San Miguel Corp. on Wednesday signed a contract with the government to build and operate a $15-billion international airport in Bulacan province, north of Manila, aimed at decongesting the overstretched gateway in the ...

DOTr signs contract with San Miguel for Bulacan airport
CNN Philippines - 2019-09-18
Metro Manila (CNN Philippines, September 18) -- San Miguel Holdings Corporation (SMHC) can start building a new international airport in Bulacan after securing an official contract from the ...

ADB president to step down
Philippine Daily Inquirer - 2019-09-18
TOKYO -- The president of the Asia Development Bank, Takehiko Nakao, plans to step down early next year, the regional lender said Tuesday. Japan has usually headed the ADB as a top donor.

8 Coast Guard personnel found guilty in death of Taiwanese fisherman
Philippine Daily Inquirer - 2019-09-18
MANILA, Philippines - The Manila Regional Trial Court Branch 15 has found eight members of the Philippine Coast Guard (PCG) guilty in the death of Taiwanese fisherman Hong Shi Cheng off ...

Houston area preparing for heavy rain, flooding from Imelda
Philippine Daily Inquirer - 2019-09-18
Imelda was the first named storm to impact the Houston area since Hurricane Harvey, according to the National Weather Service. Harvey dumped nearly 50 inches (130 centimeters) of rain on parts of ...

Uniqlo Philippines opens first roadside store in WestGate Alabang
BusinessMirror - 2019-09-18
"Uniqlo Philippines embraces a new Uniqlo business model by transforming from mall only business to newer various types of store for rapid expansion. Uniqlo Philippines aims to boost the ...

Online gambling contributes P551 billion to Philippine economy yearly
Rappler - 2019-09-18
MANILA, Philippines - Philippine offshore gaming operators (POGOs) contribute some P551 billion to the Philippine economy yearly, overtaking traditional information technology and business process management (IT-BPM) companies, according to estimates of ...

CGBP sets special training program for new managers
BusinessMirror - 2019-09-17
(Check www.cgbp.org, for a complete list of best practices programs, including Strengthening Mental Toughness for Leaders and Managers, Best Practices in Business and Government Protocol ...

iOS 13 is coming this week: Here's what to expect
CNN Philippines - 2019-09-17
(CNN) -- After months of waiting, Apple's new software update for iPhones is almost here. iOS 13, the latest version of Apple's mobile operating system, will officially be available on Thursday ...

Pinay teen finds advisory role in United Nations
Philippine Daily Inquirer - 2019-09-17
While most of her peers were busy with their studies or with playing video games, Zcyrel Barola, at 13, was already attending council meetings in Donsol, joining officials in that town as they ...

AC Energy building up renewable energy portfolio with $2-B investments
Philippine Daily Inquirer - 2019-09-17
AC Energy Philippines Inc., formerly Phinma Energy Corp., is eyeing close to $2 billion or P100 billion of investment in domestic renewable energy projects, with a goal of racking up a total of ...

Current account gap narrowed in H1
Philippine Daily Inquirer - 2019-09-17
The narrower current account deficit posted in the first half augured well to economic growth, the Department of Finance said Tuesday, even as imports fell at the start of the year due to ...

Is it always profitable to invest in fast growing companies?
Philippine Daily Inquirer - 2019-09-17
Market wisdom tells us that the value of a stock rises or falls depending on how well a company manages to grow its business. The higher the growth, the greater the potential for its stock price ...

Maynilad putting up reservoir in Valenzuela
Philippine Daily Inquirer - 2019-09-17
Maynilad Water Services Inc. yesterday said it would build a new reservoir in Valenzuela City to boost water pressure for 50,000 customers in the area. Construction will start in early 2020 and is ...

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