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DENR closes Bataan dump
Philippine Daily Inquirer - 2019-05-09
LIMAY, BATAAN -- The Department of Environment and Natural Resources (DENR) on Wednesday ordered the shutdown of an open dump here after the local government allegedly failed to comply with the ...

Angkas is back: DOTr approves motorcycle taxi operations
CNN Philippines - 2019-05-09
Metro Manila (CNN Philippines, May 10)-- Motorcycle taxis are now legally authorized to operate in the country for a six-month test run beginning the first week of June. After several months of ...

Manila Water Q1 income falls 27% on supply woes
Philippine Daily Inquirer - 2019-05-09
Manila Water Co. Inc. saw its net income for the first quarter fall by 27 percent year-on-year to P1.23 billion, mainly due to the water supply shortage in its main business, its Metro Manila ...

Go For Gold glitters in Vietnam
BusinessMirror - 2019-05-09
The Go For Gold team members (from left) Jericho Jay Lucero, Ean Cajucom, Marc Ryan Lago, Coach Ednalyn Hualda, Daniel Ven Carino and Ismael Grospe reap the fruits of their training. THE Go For ...

Defense meet maritime drill ends May 14
Global Nation - 2019-05-09
The navies of the Philippines, India, Japan and the United States have started conducting a mini maritime drill at the South China Sea, while en route to Singapore for the next phase of the ...

Delta will test free in-flight Wi-Fi this month
The Verge - 2019-05-09
Delta Air Lines will test offering free Wi-Fi on 55 domestic daily flights this month. The tests will start on May 13th and last for two weeks, and they will allow users to do just about everything except stream video free of charge. Delta calls the tests ...

The top 15 cities with the most billionaires, ranked
Business Insider - 2019-05-09
Two angles facing left, which often indicate, "return to the beginning." Two angles facing right, which often indicate, "advance to the end." Billionaires are increasingly becoming concentrated in a cluster of cities, according to Wealth-X's 2019 ...

LafargeHolcim Sells Philippines Business in $2.15 Billion Deal
The New York Times - 2019-05-09
ZURICH -- LafargeHolcim has agreed to sell its operations in the Philippines in a deal which values the business at $2.15 billion (1.65 billion pounds), the world's largest cement maker said on Thursday, as it presses ahead with selling off operations in ...

Balance Billing: What It Is and Why Trump Wants to Get Rid of It
Fortune - 2019-05-09
Congress should pass legislation to stop Americans from getting surprise medical bills, President Donald Trump said Thursday, adding momentum to a bipartisan issue that has aroused the ire of ...

Elite Russian Hackers Claim To Have Breached Three Major U.S. Antivirus Makers
Forbes - 2019-05-09
There's a never-ending game of cat and mouse between cybercriminals and the companies that develop anti-malware software. For three U.S.-based providers, it could get a lot more challenging. A group of elite Russian hackers claims to have infiltrated their ...

Now for Sale on Facebook: Looted Middle Eastern Antiquities
The New York Times - 2019-05-09
Ancient treasures pillaged from conflict zones in the Middle East are being offered for sale on Facebook, researchers say, including items that may have been looted by Islamic State militants. Facebook groups advertising the items grew rapidly during the ...

Trump asks Congress to end 'unexpected,' 'unjustified' medical bills
Upi.com - 2019-05-09
May 9 (UPI) --President Donald Trump called on Congress Thursday to pass legislation to increase transparency on medical billing and end the practice of what he called expensive "surprise" medical bills. Trump said he will send up a list of principles that ...

LafargeHolcim sells Philippines business in $2.15 billion deal
Reuters - 2019-05-09
The Swiss company said it was selling its entire 85.7 percent holding in its Philippines business to San Miguel Corporation, with the money used to pay down debt. The deal is the latest by LafargeHolcim which has earlier this month said it was selling it ...

The CEO of a $1.3 billion startup backed by Mary Meeker, Mark Zuckerberg and Jack Dorsey, apologizes after sexual harassment allegations emerge
Business Insider - 2019-05-09
The more than 600 employees of Intercom are gathering for an all-hands meeting on Thursday, sources tell Business Insider. They are there to discuss a news report documenting multiple investigations of its founder and CEO, Eoghan McCabe. McCabe has been ...

LafargeHolcim sells Philippines business in $2.15 billion deal
Nasdaq - 2019-05-09
ZURICH, May 9 (Reuters) - LafargeHolcim has agreed to sell its Philippines operations in a deal valuing them at $2.15 billion, the world's largest cement maker said on Thursday, as it continues to sell off units in fringe markets. The Swiss company said it ...

BPI unit places bet on agribusiness
BusinessMirror - 2019-05-09
BCC ventured into agribusiness last year by acquiring a stake in Advanced Protein Inc., a waste management firm that specializes in rendering business by turning meat by-products into animal feeds.

Chemotherapy demand will rise 50% by 2040, study says
Upi.com - 2019-05-09
May 9 (UPI) --Global cancer cases are expected to climb drastically over the next 20 years, leading to a high demand for chemotherapy, a new study says. By 2040, the number of people worldwide who will need chemotherapy to treat cancer could grow to 15 ...

DFA modifies restrictions on OFWs unaffected by Libya fighting
Philippine Daily Inquirer - 2019-05-09
MANILA, Philippines - The top Philippine diplomat in Libya has signed the exemption certificates that will allow Filipino workers in other parts of that country not affected by fighting to go to ...

Association survey basics
BusinessMirror - 2019-05-09
Is the association doing enough to focus on issues that affect your business? What can the association do to bring additional value to you? He said the next step is to build and send the survey.

Trump calls on Congress to protect patients from surprise medical bills
Reuters - 2019-05-09
WASHINGTON (Reuters) - U.S. President Donald Trump called on Congress on Thursday to pass legislation to protect patients from surprise medical bills from out-of-network doctors that can unnecessarily cost patients tens of thousands of dollars. In remarks ...

Pagunsan-Chan ahead
BusinessMirror - 2019-05-09
Rey Pagunsan forges a solid partnership with national junior champion Aidric Chan. Rey Pagunsan forged an early solid partnership with reigning national junior champion Aidric Chan as they ...

NAIA rehab plan up for NEDA submission
philstar.com - 2019-05-09
MANILA, Philippines -- The Department of Transportation (DOTr) will endorse to the National Economic and Development Authority Investment Coordination Committee (NEDA-ICC) next week the unsolicited proposal of the seven conglomerates to rehabilitate and ...

SBMA sparks interest of Taiwanese investors
BusinessMirror - 2019-05-09
SUBIC BAY FREEPORT--The Subic Bay Metropolitan Authority (SBMA) is reaching out to more prospective investors from Taiwan following successful talks with business leaders in the recent Philippine ...

DTI calls for suspension of alleged Chinese-only food park in Las Piñas
CNN Philippines - 2019-05-09
Metro Manila (CNN Philippines, May 9) -- The Department of Trade and Industry on Thursday asked the Las Piñas City government to suspend the operations of a food park which allegedly only serves ...

Pope Francis Issues Rules Requiring Priests And Nuns To Report Abuse
NPR - 2019-05-09
Pope Francis has issued new rules requiring priests and nuns to report incidents of abuse or cover-ups to church authorities, saying "the crimes of sexual abuse offend Our Lord, cause physical, psychological and spiritual damage to the victims and harm the ...

Defense press corps decries AFP official's claim of 'media bias'
CNN Philippines - 2019-05-09
Metro Manila (CNN Philippines, May 9) -- The Defense Press Corps (DPC), the group of journalists covering the Department of National Defense and the Armed Forces of the Philippines, slammed a ...

Discern, decide, then go out and vote
BusinessMirror - 2019-05-09
For those running for local office, ask yourself if it is easier now to transact business at the municipal hall, or do the fixers still exist? These last weeks have unleashed a torrent of ...

How SSI secured deal for Shake Shack franchise
BusinessWorld - 2019-05-09
"Our philosophy as a whole for Shake Shack is we should price the way we need to price, as opposed to this is the cost and this is the business. As Randy pointed out, we need to build the community... We want to be a Shack for everyone," Mr. Huang sai

Sun Life, Philam Life top insurer rankings
BusinessWorld - 2019-05-09
Sun Life also topped last year in terms of new business annual premium equivalent at P8.22 billion, followed by AXA Philippines (P6 billion), Pru Life UK (P5.76 billion), Philam Life (P4.43 billion), and BPI-Philam (P3.73 billion). Meanwhile, based on net ...

Wells Fargo creates new unit focused on regulatory compliance
BusinessWorld - 2019-05-09
WELLS FARGO & CO is creating a new unit tasked with satisfying U.S. regulatory requirements, according to an internal memo seen by Reuters. Derek Flowers, who has been with the San Francisco-based bank for more than two decades, will become head of ...

The US, Japan, India, and Philippines sent a fresh challenge to Beijing with naval drills in the South China Sea
Business Insider - 2019-05-09
Two angles facing right, which often indicate, "advance to the end." TOKYO (Reuters) - In fresh show of naval force in the contested South China Sea, a US guided-missile destroyer conducted drills with a Japanese aircraft carrier, two Indian naval ships ...

Comelec declares PDP-Laban as dominant majority party; NP as dominant minority
Philippine Daily Inquirer - 2019-05-09
MANILA, Philippines -- The Commission on Elections (Comelec) on Thursday declared Partido Demokratiko Pilipino-Lakas ng Bayan (PDP-Laban) as the dominant majority party and the Nacionalista Party ...

PNP gave no input to latest Palace matrix -- spokesperson
Philippine Daily Inquirer - 2019-05-09
MANILA, Philippines -- The Philippine National Police (PNP) has no contribution to the intelligence information that made up the ouster plot matrix released recently by Malacañang, an official ...

COMELEC exec calls for law banning political dynasty in party-list groups
CNN Philippines - 2019-05-09
Metro Manila (CNN Philippines, May 9) -- An official of the Commission on Elections on Thursday called for the enactment of a law that will prohibit scions of political dynasties or relatives of ...

Lawyers and lawlessness
BusinessWorld - 2019-05-09
The temptation to ignore these impending catastrophes to both the rule of law as well as what remains of the already limited democracy of the Philippines in favor of merely serving business and political interests for the sake of self-aggrandizement has ...

Duterte skips miting de avance of Hugpong-led alliance in Davao
CNN Philippines - 2019-05-09
Metro Manila (CNN Philippines, May 9) -- President Rodrigo Duterte skipped the miting de avance of the alliance of senatorial candidates backed by regional party Hugpong ng Pagbabago (HNP) in ...

Pag-IBIG Fund recognizes top employers, developers in Mindanao
BusinessMirror - 2019-05-09
We conduct the StAR to recognize their efforts to help the fund. We want to maintain the good business relationship with all our stakeholders, as we work to heed the call of President Duterte to ...

Closure of Marcos Bridge postponed indefinitely
CNN Philippines - 2019-05-09
Metro Manila (CNN Philippines, May 9) -- The four-month closure for repairs of a portion of Marcos Bridge has been postponed "until further notice," the Metropolitan Manila Development Authority ...

Alejano shrugs off poll survey results
Philippine Daily Inquirer - 2019-05-09
TARLAC, Philippines -- Opposition senatorial bet Gary Alejano on Thursday said he and his fellow Otso Diretso candidates are unfazed by survey results as the campaign period for the May 13 ...

Disney profit up as Fox joins the fold
Philippine Daily Inquirer - 2019-05-09
Disney reported on Wednesday, May 8, that its profit soared in the recently-ended quarter as it merged with 21st Century Fox. The entertainment titan said its net income was up 85% to $5.4 billion ...

Investment in German company pulls down PLDT income in Q1
CNN Philippines - 2019-05-09
Metro Manila (CNN Philippines, May 9) -- PLDT saw its net income slide by 3% to P6.7 billion in the first quarter of 2019 compared to the same period last year due to lower growth in its ...

Duterte 'not interested' to file cases against 'black propaganda' plotters
CNN Philippines - 2019-05-09
Metro Manila (CNN Philippines, May 9) -- The President is not keen on filing cases against those behind what he called black propaganda against him and his family. [Translation: They released ...

Pantaleon Alvarez faces fresh plunder complaint
CNN Philippines - 2019-05-09
Metro Manila (CNN Philippines, May 9) -- Davao del Norte 1st District Rep. Pantaleon Alvarez is facing a fresh plunder complaint, this time over his alleged receipt of kickbacks from government ...

Philippines, U.S., Japan, India navies sail together in South China Sea
CNN Philippines - 2019-05-09
Metro Manila (CNN Philippines, May 9) -- In what the Philippine Navy described as a historic first, the country's patrol vessel BRP Andres Bonifacio is sailing together with the ships of three ...

SMC profit dips in Q1 due to rising oil, food costs
CNN Philippines - 2019-05-09
Metro Manila (CNN Philippines, May 9) -- San Miguel Corp. (SMC) made ?12.8 billion in the first quarter, down 18 percent year-on-year despite strong revenues. In a statement, the diversified ...

San Miguel Corp. nets P12.8B in Q1 2019
Philippine Daily Inquirer - 2019-05-09
MANILA, Philippines -- Conglomerate San Miguel Corp. (SMC) saw an 18-percent drop in first quarter net profit to P12.8 billion as volatile global oil prices, higher oil taxes, and higher cost of ...

Water level in Angat, Ipo dams dip despite rainshowers in Luzon
Philippine Daily Inquirer - 2019-05-09
MANILA, Philippines -- The water level in Angat and Ipo dams dipped Thursday morning despite the rainshowers that hit parts of Luzon on Wednesday night. According to the Philippine Atmospheric ...

BSP cuts policy rate amid benign inflation, slow Q1 GDP growth
philstar.com - 2019-05-09
MANILA, Philippines (Updated 5:19 p.m.) -- The Bangko Sentral ng Pilipinas on Thursday cut its policy rate from a decade-high amid tame inflation recorded in recent months and slower-than-expected economic growth in the first quarter. At its meeting, the ...

Outstanding IOUs inch up in April as easing inflation sells more debt paper
Philippine Daily Inquirer - 2019-05-09
MANILA, Philippines -- As the government sold more short-dated debt paper on the back of easing inflation, the amount of outstanding government-issued IOUs inched up to P5.204 trillion at end-April.

Philippines cuts key rate after economy slows to 4-year low
NIKKEI - 2019-05-09
The Philippines' latest move follows a similar rate cut by the Malaysian central bank earlier this week. Bank Negara Malaysia lowered its key rate to 3%, the first cut in nearly three years.

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