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Grab initiates talks on driver-only EDSA ban
BusinessWorld - 2018-08-16
to its ride-hailing business. "Grab Philippines has initiated dialogues with the authorities and regulators as we seek clarity on the new High Occupancy Vehicle (HOV) traffic scheme. Key Transport Network Vehicle Service (TNVS) leaders participated in ...

DoF proposes student vouchers instead of tax cuts for schools
BusinessWorld - 2018-08-16
Dominguez III was quoted in the statement as saying. "We prefer to give the assistance directly to the beneficiary through vouchers for students and universal health coverage for those who need medical treatment," Finance Undersecretary Karl Kendrick T.

Rise of freelance work force
BusinessMirror - 2018-08-16
Both houses of Congress are currently deliberating a priority bill of ... Some are displaced employees, while others are college graduates who are unable to find quality jobs. A number of enterprising students are into freelancing because it is a source ...

ADB adjusting microgrid business model to allow private investment
BusinessWorld - 2018-08-16
THE Asian Development Bank (ADB) said it plans to scale up its Philippine pilot microgrid project by employing a business model that will not require grant money from the multilateral lender. "We are trying to look for a business model to make sure that ...

Hot money flows out as more investors leave stock market
CNN Philippines - 2018-08-16
Metro Manila (CNN Philippines, August 16) -- Foreign portfolio investments, or hot money, continues to be in dire straits. While the latest Bangko Sentral ng Pilipinas (BSP) data recorded more investments in July than in June, it was not enough to make up ...

Defining rich
BusinessWorld - 2018-08-16
Their passion is to acquire expensive possessions such as property, toys, and people ... (Not politically correct, during hard times.) More than a century ago, John Jacob Astor remarked that a rich man had assets worth a million dollars.

Traffic solutions - 2018-08-16
Edsa, on the other hand, is a traffic generator in itself with so many business establishments along the road. There is a lot of difference in the land use of both. Also, the success of any traffic scheme depends to a certain degree on the competence of ...

Inclusive growth, fiscal discipline - 2018-08-16
Finance Secretary Carlos Dominguez III says along with other reforms such as the long-due modernization of the tax system and improvements in the ease of doing business, the Duterte administration envisioned the infrastructure program to reduce poverty ...

Bulacan water deal - 2018-08-16
Manila Water Philippine Ventures Consortium president Abelardo Basilio, Bulacan Water district general manager Ermelo Hernandez, Manila Water Philippine Ventures north Luzon regional business development head Robert Baffrey and legal counsel Medardo Devera.

Rody slams China over WP Sea - 2018-08-16
In a change of tone, Duterte said in a speech late Tuesday to business entrepreneurs that China had no right to claim airspace above man-made islands. Philippine officials have claimed military pilots are repeatedly warned off by Beijing as their planes ...

Philippines: Disaster Capitalism, Inc
Al Jazeera English - 2018-08-16
When Typhoon Haiyan destroyed islands across the central Philippines in 2013 ... Ayala, one of the oldest and wealthiest Filipino business conglomerates, has attracted community anger on the island of Sicogon. After Typhoon Haiyan devastated their island ...

JBC to De Castro, Bersamin: What can you do as Chief Justice ahead of retirement?
CNN Philippines - 2018-08-16
Metro Manila (CNN Philippines, August 16) -- Members of the Judicial and Bar Council (JBC) on Thursday were curious what Associate Justices Teresita de Castro and Lucas Bersamin could realistically accomplish if appointed Chief Justice with only a few ...

Sara Duterte in, Mocha Uson out: PDP-Laban submits senatorial slate to Duterte
CNN Philippines - 2018-08-16
Metro Manila (CNN Philippines, August 16) -- Senator Aquilino "Koko" Pimentel has formally submitted to President Rodrigo Duterte an initial list of senatorial candidates who could run under the ruling PDP-Laban in 2019. Twenty-four names were mentioned ...

BSP sees prices reaching peak in August, September
CNN Philippines - 2018-08-16
Metro Manila (CNN Philippines, August 16) -- The rise in prices of widely-used goods will likely be at its fastest pace in August or September, a central bank official said. Bangko Sentral ng Pilipinas Deputy Governor Diwa Guinigundo on Wednesday said ...

NFA: Current rice supply not enough to stabilize prices
CNN Philippines - 2018-08-16
Metro Manila (CNN Philippines, August 16) -- The price of rice in the market has yet to stabilize because supply remains insufficient despite the importation of 500,000 tons of the grain, the National Food Authority said Thursday. NFA Deputy ...

Chief Justice aspirant believes Marcos burial united Filipinos
CNN Philippines - 2018-08-16
Metro Manila (CNN Philippines, August 16) -- The controversial burial of former President Ferdinand Marcos at the Libingan ng mga Bayani (LNMB) has helped unify the country, a Supreme Court Chief Justice candidate said. Associate Justice Diosdado Peralta ...

SWS: Filipinos see quality of life worsening in Q2 2018
CNN Philippines - 2018-08-16
Metro Manila (CNN Philippines, August 16) -- More Filipinos believe that their lives worsened in the second quarter of 2018, according to an independent pollster. The Social Weather Stations (SWS) releases quarterly surveys on the personal perception of ...

Pimentel urges Sara Duterte to run for senator
CNN Philippines - 2018-08-16
Metro Manila (CNN Philippines, August 16) -- Senator Aquilino "Koko" Pimentel III is urging Davao City Mayor and presidential daughter Sara Duterte-Carpio to run for the Senate in the 2019 polls. In a statement Thursday, Pimentel called on Duterte-Carpio ...

Maynilad sets rotational water supply amid interruptions - 2018-08-16
MANILA, Philippines -- Customers of west zone concessionaire Maynilad Water Services Inc. should start storing water as the company has started implementing a rotational water supply scheme in several parts of Metro Manila amid ongoing interruptions.

Why light at night is bad for your health
BusinessMirror - 2018-08-16
"Light is a stimulus that can have impacts on health, well-being and performance," for good and ill, Dr. George Brainard, professor of neurology at Thomas Jefferson University ... consultant at The Medical City and a diplomate of the American Board ...

International Academy of Medical Specialists Inc. Says #NoToFakeNews
BusinessMirror - 2018-08-16
Taal Vista Hotel, Novotel Manila, Diamond Hotel, Sweet & Fit Stevia, Glorious Blend Coffee, PhilNoni, Jeunesse Anion Napkins, So Sure Bladder Control Napkin, Misso, Unionbank, Diana Stalder, Unionbank, Alveo Land, Alexora,, Gur Lavi Corp ...

Dry run of EDSA driver-only car ban continues
CNN Philippines - 2018-08-16
Metro Manila (CNN Philippines, August 16) -- The Metro Manila Development Authority is unfazed by a Senate resolution critiquing a scheme that bans driver-only cars from plying EDSA during rush hours. The dry run will continue as scheduled, even as ...

DOH warns evacuees on disease outbreak - 2018-08-16
MANILA, Philippines -- With thousands still in evacuation centers following heavy monsoon rains over the weekend, the Department of Health (DOH) is bracing for possible outbreaks of diseases. Health workers were dispatched to various evacuation centers to ...

Duterte willing to step down if Bongbong Marcos wins poll protest -- Roque
CNN Philippines - 2018-08-16
Metro Manila (CNN Philippines, August 16) -- Presidential Spokesperson Harry Roque said President Rodrigo Duterte may keep true to his word of stepping down from his post if former senator Ferdinand "Bongbong" Marcos Jr. wins his vice presidential poll ...

Duterte's aerial inspection of flooded areas cancelled, Palace says - 2018-08-16
and claimed the president wanted to conduct aerial inspection over the weekend but could not do so because of the bad weather. Go said Duterte has been monitoring the flood situation from Davao City. Meanwhile, Director General Oscar Albayalde, Philippine ...

PNP forms tracker teams to arrest Peter Lim - 2018-08-16
He also reiterated that Lim is in the country, per records of the Bureau of Immigration (BI). "Per BI records, he left for a short trip abroad last March but returned after a few days. So Peter Go Lim is supposed to be in the country," he said.

Funds for current cadets intact, PMA clarifies - 2018-08-16
BAGUIO CITY, Philippines -- Funds for Philippine Military Academy cadets are intact, the academy clarified after a former official was dismissed for malversation. Maj. Chamberlain Esmino, PMA spokesman, said "cadets have enough funds for their training ...

GSIS earmarks P2 billion loans for recent typhoon victims - 2018-08-16
MANILA, Philippines -- State-run Government Service Insurance System (GSIS) has earmarked more than P2 billion for emergency loans to active members and old-age pensioners who are victims of tropical storms Henry, Inday and Josie as well as Typhoon Vinta.

Senate panel eyes graft, illegal procurement charges against Teo, Ben Tulfo, PTV-4
CNN Philippines - 2018-08-16
Metro Manila (CNN Philippines, August 15) -- After one hearing, the Senate panel may recommend the filing of graft and illegal procurement charges against former Tourism Secretary Wanda Tulfo and her brother, Ben Tulfo, for the "clear" conflict of ...

Uber narrows loss but still a long way from profitability
Reuters - 2018-08-15
SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] said on Wednesday it had narrowed losses from a year earlier, although the ride-hailing company is still a long way from proving it can be a profitable business even as it gears up to go public in 2019.

BOC seizes P37.3 million mail-order drugs - 2018-08-15
MANILA, Philippines -- The Bureau of Customs (BOC) has seized P37.3 million worth of drugs in five parcels at bonded warehouses near the Ninoy Aquino International Airport. The BOC said a total of 5.239 kilos of shabu were found in four parcels.

With Scarce Access To Interpreters, Immigrants Struggle To Understand Doctors' Orders
NPR - 2018-08-15
Long before he began studying for a career in health care, Marlon Munoz performed one of the most sensitive roles in the field: delivering diagnoses to patients. As an informal interpreter between English-speaking doctors and his Spanish-speaking family ...

China's Richest Man Is $1.3 Billion Poorer After Tencent Reports A Rare Drop In Profits
Forbes - 2018-08-15
Ma Huateng, the cofounder and CEO of Chinese internet goliath Tencent, saw his net worth fall $1.3 billion on Wednesday after Tencent announced a rare decline in net income for the second quarter. The company still reported a profit -- but it was lower ...

Airbnb is in a war with, and taking advantage of that fact can save you a ton of money
Business Insider - 2018-08-15
Earlier this year, Airbnb CEO Brian Chesky made clear what has been apparent to hosts and power-users of the popular home-rental service for some time: The company isn't the only game in town anymore. "Our competition is two companies -- Expedia and ...

National Magazine honors UC Riverside program focused on diversifying STEM fields
EurekAlert! - 2018-08-15
RIVERSIDE, Calif. -- The University of California, Riverside Bridges to the Baccalaureate Program has received the 2018 Inspiring Programs in STEM Award from INSIGHT Into Diversity magazine, the largest and oldest publication in higher education addressing ...

Philippines' Duterte slams China over island-building
YAHOO! - 2018-08-15
In a change of tone, Duterte said in a speech late Tuesday to business entrepreneurs that China had no right to claim airspace above man-made islands. Philippine officials have claimed military pilots are repeatedly warned off by Beijing as their planes ...

Researchers find better drug to suppress chronic itches - 2018-08-15
Aug. 15 (UPI) --Researchers have found a better way to suppress chronic itches: two experimental drugs that target two receptors in the spinal cord. In experiments involving mice and dogs, researchers at the University of Zurich in Switzerland alleviated ...

Term deposits hit record yields - 2018-08-15
MANILA, Philippines -- The yields of term deposits breached four percent to hit record levels after the Bangko Sentral ng Pilipinas (BSP) delivered the biggest rate hike in 10 years to control rising inflationary pressures. The seven-day tenor fetched a ...

U.S. investor sues AT&T for $224 million over loss of cryptocurrency
Reuters - 2018-08-15
NEW YORK (Reuters) - U.S. entrepreneur and cryptocurrency investor Michael Terpin filed a $224 million lawsuit on Wednesday against telecommunications company AT&T (T.N), accusing it of fraud and gross negligence in connection with the theft of digital ...

Megawide profit slips 7% in Q2
BusinessWorld - 2018-08-15
MEGAWIDE Construction Corp. reported a seven percent decline in attributable profit for the second quarter of 2018, as the growth of the airport business tempered the slower performance of its construction unit. In a regulatory filing, the listed ...

Duterte makes no mention of alleged party rift during PDP-Laban Cares anniversary
CNN Philippines - 2018-08-15
Metro Manila (CNN Philippines, August 15) -- President Rodrigo Duterte made no mention of the reported troubles of his political party at an event celebrating the anniversary of its humanitarian arm Wednesday. RELATED: PDP-Laban factions to meet with ...

AFP: New corruption allegations are isolated incidents
CNN Philippines - 2018-08-15
Metro Manila (CNN Philippines, August 15) -- The Armed Forces of the Philippines (AFP) is once again under public scrutiny over allegations of widespread corruption in the organization. This came after the conviction of an army officer for misusing ...

Cayetano: PH, China to set aside territorial claims during joint exploration
CNN Philippines - 2018-08-15
Metro Manila (CNN Philippines, August 15) -- The nation's top diplomat said that both the Philippines and China should set aside their territorial claims during the conduct of the proposed joint exploration of the South China Sea. "All parties have to set ...

Dominguez: Gov't should focus on regulating telco industry, not on 3rd player
CNN Philippines - 2018-08-15
Metro Manila (CNN Philippines, August 15) -- The government should focus on developing a stronger regulation on the country's telecommunications (telco) industry instead of looking for a new major player, Finance Secretary Carlos Dominguez said.

Budget deadlock: Who's to blame?
Rappler - 2018-08-15
The House of Representatives also said that education and health budgets "suffered" the most in the proposed fiscal plan, adding that these agencies received "huge cuts." The P3.757-trillion national budget for 2019 amounts to 19.3% of the country's ...

GT Cap income falls in H1 to P7.1 billion on weaker car sales
BusinessMirror - 2018-08-15
Our affiliates Metrobank, AXA Philippines, Metro Pacific and TFS [Toyota Financial Services] delivered strong results, mitigating the soft numbers from the auto sector," he said. Earnings for the second quarter alone fell 17 percent to P3.4 billion from ...

Restoring blood flow better option than amputation, study says - 2018-08-15
Aug. 15 (UPI) --Restoring blood flow from severe blockages in lower limbs has a better outcome and is a less expensive option than amputation, according to a study. For the first time, researchers investigated the long-term outcomes and costs associated ...

There will be a new 2019 budget - House
CNN Philippines - 2018-08-15
Metro Manila (CNN Philippines, August 15) -- Malacañang and the House of Representatives are finally on the same page insofar as the 2019 budget scheme is concerned. This came after a rift between the two sides over the administration's push to have a ...

Budget secretary insists on cash-based budget
CNN Philippines - 2018-08-15
Metro Manila (CNN Philippines, August 15) -- Budget Secretary Benjamin Diokno is still keen on pushing for a cash-based national budget for 2019, but said his agency is preparing for a reenacted budget. The proposed 2019 National Expenditure Program ...

AHA Advises Low-Calorie Sweeteners May Be Useful in Adults
Medscape - 2018-08-15
With evidence lacking on the long-term effects of low-calorie sweetened beverages, the American Heart Association (AHA) is advising against the long-term consumption of the drinks by children but says the drinks may be useful for adults as an alternative ...

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