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LIST: Class suspensions for July 9
philstar.com - 2018-07-09
Below is a list of cities, towns and provinces that announced class cancellations: The typhoon entered the Philippine area of responsibility on Monday morning and may enhance the southwest monsson or habagat, state weather bureau PAGASA said. No tropical ...

PNP to abide by court order on De Lima's Senate attendance
CNN Philippines - 2018-07-09
Legazpi City (CNN Philippines, July 8) -- The Philippine National Police (PNP) said it is willing to work with authorities in allowing Senator Leila de Lima to attend Senate hearings. Since her detention at the PNP Custodial Center in February 2017 due to ...

'Gardo' seen to bring monsoon rains over MIMAROPA, Western Visayas
philstar.com - 2018-07-08
According to its Severe Weather Bulletin issued at 5 a.m., the eye of the typhoon was 1,325 km east of Basco, Batanes early Monday morning and forecast to move west northwest at 30 kph. It is forecast to be 760 km east northeast of Basco, Batanes by ...

Of visions and executions
philstar.com - 2018-07-08
Fiscal space with additional revenues, combined with infrastructure underperformance provides opportunities for populist measures and the feeding frenzy we saw at the tourism department and ... been re-allocated to free college tuitions (P40 billion ...

Interview: David Sapper, CEO of Aussie Crypto Exchange Blockbid
Yahoo Finance - 2018-07-08
CCN reported in June that Australian blockchain startup Blockbid pioneered a new risk management and identity verification system that substantially reduces the risk of identity fraud. Using data aggregated from a 1.4 billion-strong identity database held ...

Town exec slain in attack
philstar.com - 2018-07-08
LANAO DEL SUR, Philippines -- A municipal councilor in this province was killed while four others were wounded in an attack on the residence of a former mayor in Balabagan town here on Saturday. Nasif Basil, councilor of Kapatagan town, was at the house ...

Four Most In-Demand Freelance Skills To Hone This Year
Forbes - 2018-07-08
To remain competitive, freelancers should constantly look into expanding and upgrading their skills. In the ever-changing job landscape, adaptability is the key to remaining an in-demand hire. Upwork recently released a new study that indicates how the ...

Traffic enforcer dies, colleague axed
philstar.com - 2018-07-08
MANILA, Philippines -- A Manila Traffic and Parking Bureau (MTPB) enforcer died after his colleague reportedly stopped the ambulance that was carrying him to the hospital last Friday afternoon. A video posted on Facebook on July 6 by Dan Russell Santos ...

PEZA remains optimistic on investment growth
philstar.com - 2018-07-08
MANILA, Philippines -- Investment promotion agency Philippine Economic Zone Authority (PEZA) remains upbeat that investments in economic zones this year will grow, even as investors have adopted a wait-and-see attitude given the proposed second tax ...

Another fitness app revealed the location of overseas soldiers
Mashable - 2018-07-08
Who would have thought getting in shape could be so risky. Fitness apps help you track your runs, calories burned, and maybe even your heart rate. If you happen to be using a Polar device and its associated app, however, that information -- in addition ...

Inmate bolts jail
philstar.com - 2018-07-08
ZAMBOANGA CITY, Philippines --An inmate facing illegal drug and murder charges escaped from his detention cell in Margosatubig, Zamboanga del Sur yesterday. Abdulsalim Mangongaya reportedly cut the iron gills of the window in his cell at the Margosatubig ...

DICT ready to fight DOF over preferred selection for 3rd telco
philstar.com - 2018-07-08
MANILA, Philippines -- The Department of Information and Communications Technology (DICT) is prepared to fight for its preferred selection method for a third telco player. DICT Secretary Eliseo Rio said his agency is ready to defend its position on the ...

Index may trade sideways this week
philstar.com - 2018-07-08
MANILA, Philippines -- Share prices may trade sideways this week on concerns over the escalation of the US-China trade war and rising inflation, analysts said. DA Market Securities said that if the trade war escalates for the worst, the stock market index ...

Twitter suspends over 70 million accounts in two months: Washington Post
YAHOO! - 2018-07-08
(Reuters) - Twitter Inc suspended more than one million accounts a day in recent months to reduce the flow of misinformation on the platform, the Washington Post reported. Twitter and other social media platforms such as Facebook Inc have been under ...

6,000 cops to be deployed for SONA
philstar.com - 2018-07-08
MANILA, Philippines -- At least 6,000 police officers will be deployed to secure the Batasang Pambansa complex during the 3rd State of the Nation Address (SONA) of President Duterte on July 23, a police official said yesterday. National Capital Region ...

Batangas drug store closed over fake medicine
philstar.com - 2018-07-08
MANILA, Philippines -- A drug store in Lipa City, Batangas has been ordered closed for allegedly selling fake medicine, the Food and Drug Administration (FDA) reported yesterday. FDA agents seized the fake drugs following a sting recently conducted on ...

1 dead in Ilocos mishap
philstar.com - 2018-07-08
TUGUEGARAO, Philippines -- A motorcycle driver died while another was injured in a collision involving three vehicles in Santa, Ilocos Sur on Saturday. Anthony James Corpuz, 34, died while being rushed to the Metro Vigan Cooperative Hospital in nearby ...

Scientists Found Meteorite Fragments in the Ocean
YAHOO! - 2018-07-08
NASA scientists may have just found the first pieces of meteorite fragments in the Pacific Ocean. Scientists have been hunting aboard the Nautilus vessel for pieces of a meteorite that fell in March 2018. The fall was one of the biggest meteorite falls in ...

MPD detainee death toll hits 55
philstar.com - 2018-07-08
MANILA, Philippines -- Another detainee at the Manila Police District (MPD) has died while in custody in a congested detention facility in Malate. Joel Luartes, 36, who was detained at the MPD Station 9 for illegal drugs since June 14, died due to septic ...

Insurers predict 'market disruption' after Trump suspends Obamacare risk payments
Reuters - 2018-07-08
WASHINGTON (Reuters) - Health insurers warn that a move by the Trump administration on Saturday to temporarily suspend a program that was set to pay out $10.4 billion to insurers for covering high-risk individuals last year could drive up premium costs and ...

Police: Tablets from Taguig councilor dangerous drugs
philstar.com - 2018-07-08
MANILA, Philippines -- The 32 tablets seized from Taguig City Councilor Richard Paul Tejero Jordan tested positive as illegal drugs, Parañaque City police confirmed yesterday. One of them - a pink-and-white tablet found in one of two plastic bags ...

Philippines urged to conclude negotiations on trade agreements
philstar.com - 2018-07-08
In a memorandum to Trade Secretary Ramon Lopez, the Asia Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC) Philippines said the different trade agreements would open opportunities and benefits for the country. ABAC also noted the need to ...

SC hit over reversal of Luisita payback order
philstar.com - 2018-07-08
SAN FERNANDO, Pampanga, Philippines -- Militant groups yesterday denounced the Supreme Court (SC) for reversing its earlier decision ordering the Hacienda Luisita Inc. (HLI) to pay P1.3 billion to 6,296 farm workers as their share in the sale of a portion ...

More Than 200 People Infected by Parasite Linked to Del Monte Vegetables
Fortune - 2018-07-08
Two hundred twelve people have been infected with an intestinal parasite in four upper Midwest states after reportedly eating pre-packed vegetable trays under the Del Monte Fresh Produce brand, according to the Centers for Disease Control and Prevention.

Big banks hard-pressed to comply with new liquidity rule -- BMI
BusinessWorld - 2018-07-08
BIG BANKS will have to boost deposit taking and may cut back on long-term loans to comply with a new liquidity measure imposed by the central bank, analysts at BMI Research said. In a report released over the weekend, the Fitch unit said the Net Stable ...

Car sector hit by 9.7% sales dip, but coping
BusinessMirror - 2018-07-08
Besides the higher taxes, other factors, domestic and global, have posed a challenge to them. Still, this business group sees a "sweet spot" and some opportunities down the road. THE automobile industry had expected 2018 would be a tough year with the ...

SMC Global Power to raise P15B from bond offer
BusinessWorld - 2018-07-08
Furthermore, SMC provides management and support services to SMC Global Power, in areas such as human resources, corporate affairs, legal, finance, treasury and other functions," the debt watcher said. SMC Global Power currently has a combined capacity ...

Dalian must pay for fixing 48 MRT cars: DOTr
BusinessMirror - 2018-07-08
WHILE refusing to release the full audit report for the Metro Rail Transit (MRT) Line 3, Transportation Secretary Arthur P. Tugade insisted that the "technical adjustments" for the 48 train cars delivered by CRRC Dalian Co. of China should be ...

GERI expects P1.2 billion in sales from residential condo in Laguna
BusinessWorld - 2018-07-08
GLOBAL-ESTATE Resorts, Inc. (GERI) expects to generate P1.2 billion in sales from its newly launched residential property in Southwoods City in Laguna, following the strong take-up for its first project in the estate. The leisure and tourism subsidiary of ...

VA lost more than $1.1 million worth of medical equipment -- in Ohio alone
The Washington Times - 2018-07-08
COLUMBUS, Ohio -- Inventory records show Veterans Affairs medical facilities across Ohio have lost track of more than $1.1 million worth of medical equipment over three years. WBNS-TV reports VA medical centers in Columbus, Cleveland, Cincinnati, Dayton ...

BAFS to launch online application for permits to sell organic fertilizer
BusinessMirror - 2018-07-08
"Business-wise, this [system] would cut their costs because we should not go beyond the number of days required to complete the application," Mamaril said. "The applicant will see online in real time what is happening to his application. So that ...

US-China trade war elevates global risks
BusinessMirror - 2018-07-08
Escalating tariffs are likely to slow business investment as companies wait to see whether the administration can reach a truce with Beijing. Some employers will probably put hiring on hold until the picture becomes clearer. The damage could risk undoing ...

Amazon's biggest strength is sometimes its weakness, says CEO who built $1 billion business while competing against Amazon
Business Insider - 2018-07-08
Chris Terrill, the CEO of ANGI Homeservices which owns Home Advisor and Angie's List has been competing against Amazon for more than three years and thriving. He says there's a secret o taking on the ecommerce: using its biggest asset, automation, against it.

The gross vs net debate
BusinessMirror - 2018-07-08
For joint ventures (JVs), which is a public-private partnership (PPP) modality, what would you prefer--a sharing on the gross or net income? What are the advantages of each option? Definition of Terms. "Gross revenue" is defined as the total receipts ...

Numbers that count
BusinessMirror - 2018-07-08
This column accepts contributions from accountants, especially articles that are of interest to the accountancy profession, in particular, and to the business community, in general. These can be e-mailed to [email protected]

Lufthansa signs MRO deals with 4 carriers
BusinessMirror - 2018-07-08
A joint venture of Lufthansa Technik AG and Philippine aviation services provider MacroAsia Corp., LTP provides aircraft MRO services to airline companies from all over the world.

CPP: Duterte threw 25 years of hard work down the drain
CNN Philippines - 2018-07-08
Metro Manila (CNN Philippines, July 8) -- The peace talks between the Communist Party of the Philippines (CPP) and the government remain in limbo following recent heated statements between the Reds and President Rodrigo Duterte. "Over the past two years ...

Cavite vice mayor, aide killed in ambush
philstar.com - 2018-07-08
CAVITE, Philippines -- The vice mayor of Trece Martires City in this province was killed in an ambush yesterday, the third local official slain this week. Vice Mayor Alex Lubigan, 44, was in a black Toyota Hilux driven by his security escort Romulo ...

Albayalde says no pattern on killings of local officials
CNN Philippines - 2018-07-08
Legazpi City (CNN Philippines, July 8) -- The country's top cop said there was nothing to worry about the series of killings of local officials, as these were not related to each other. [Translation: We have nothing to worry or be scared about because ...

SpaceX Wins Its First Falcon Heavy Contract -- With the Air Force
YAHOO! - 2018-07-08
SpaceX claimed the title of "world's biggest rocket-ship maker" four months ago, dethroning Boeing's (NYSE: BA) Delta IV rocket in the process. With a payload capacity of 63.8 metric tons to low earth orbit, each SpaceX triple-core Falcon Heavy booster can ...

The number of tech moguls chartering private jets to Sun Valley next week has become 'chaotic'
Business Insider - 2018-07-08
Allen & Co's exclusive business conference for tech, finance and media moguls is about to kick off next week in Sun Valley, Idaho. It's a badge of honor just to be invited. For those that made the grade and scored an invite, hobnobbing at the conference ...

NEDA rules out proposal to increase cash transfer payouts
BusinessWorld - 2018-07-08
They forecast inflation to average between 4-4.5% for 2018. They are also largely banking on the passage of the Agricultural Tariffication bill -- currently pending in Congress -- to combat rising inflation. Economic managers expect inflation to peak in ...

PEZA banking on LGU support for exemptions from TRAIN 2
BusinessWorld - 2018-07-08
THE Philippine Economic Zone Authority (PEZA) said it hopes to attract more new investment this year, citing support from local government units (LGUs) to exempt the investment-promotion agency from the effects of the second round of tax reform. "I am ...

As Mr. Trump heads for Europe, trade strains start to show
BusinessWorld - 2018-07-08
The World Trade Organization says the trade spat has already hurt forward-looking indicators, and business surveys showed a hit to manufacturing in Europe and Asia in June, with German factory growth at an 18-month low. Mr. Trump kicks off his visit to ...

Current trends in the Philippine M&A landscape
BusinessWorld - 2018-07-08
The sectors with the most active M&A activity in 2017 were financial services, energy and consumer goods. With the Philippine economy forecast to grow by 6.9% annually from 2017 to 2021, these sectors, including construction, will continue to play a ...

How competitive is the Philippine economy today?
BusinessWorld - 2018-07-08
The continuous drop of the peso is testament to this. The volatility of the peso affects exports, imports, and business transaction across borders. It also breeds business uncertainty. Potential investors will think twice before investing in our shores ...

How competitive is the Philippine economy today?
BusinessWorld - 2018-07-08
It was named the National ... effectively institute reforms in an otherwise unwieldy and lethargic bureaucracy. Bill will be moving on to other pursuits, among them is to focus on his work at the ASEAN Business Advisory Council and the Philippine Disaster ...

Fitness app Polar exposed locations of spies and military personnel
ZDNet - 2018-07-08
A popular fitness app that tracks the activity data on millions of users has inadvertently revealed the locations of personnel working at military bases and intelligence services. The app, Polar Flow, built by its eponymous company Polar, a Finnish-based ...

Davao brings home 3 golds from int'l choral fest
Sun Star - 2018-07-08
The Voices of the South Children's Choir, on the other hand, is a community ... social awareness, developing character and civic mindedness in the youth participants. These programs include educational workshops that inculcate empathy, team work ...

Gunmen kill Lanao del Sur town councilor, leave 4 wounded
philstar.com - 2018-07-08
LANAO DEL SUR, Philippines -- A municipal councilor was killed while four others were wounded when gunmen attacked on Saturday a residential compound owned by a former mayor in Balabagan town. Chief Superintendent Graciano Mijares, director of the Police ...

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