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Anti-trust body voids shipping line acquisition
CNN Philippines - 2018-07-03
Metro Manila (CNN Philippines, July 3) -- The government's antitrust body nullified a shipping company acquisition in what it described as a "substantial lessening of competition" in roll-on, roll-off passenger services. The Philippine Competition ...

Heart function restored with human stem cells in study with monkeys
Upi.com - 2018-07-03
July 3 (UPI) --Heart function in monkeys has been restored with human stem cells, according to a study, showing promise the method will work in humans with heart failure. Researchers at the University of Wisconsin Medicine in Seattle found the hearts ...

Con-com approves federal constitution draft
BusinessMirror - 2018-07-03
The cryptic wording of the Constitution on the economy could be construed as a move toward socialism and give a wrong message to the business community, in his view. The President handpicked the Con-com members in a bid to shift the form of government from ...

PAL flies A321neo to Brisbane
BusinessMirror - 2018-07-03
PHILIPPINE Airlines (PAL) started deploying the highly sophisticated Airbus A321neo jet to Brisbane, Australia, on July 2, the fastest nonstop service on the route. The maiden flight carried 151 Brisbane-bound passengers, arriving on July 3, 15 minutes ...

SBMA sees collection of P144.8-million past-due accounts
BusinessMirror - 2018-07-03
SUBIC BAY FREEPORT--Efforts by the Subic Bay Metropolitan Authority (SBMA) to collect overdue rentals and other fees from business locators here are now paying off, with the agency expecting to collect P144.8 million either through upfront settlement or ...

DoLE issues ruling against Nutri-Asia labor contractor
BusinessWorld - 2018-07-03
THE Department of Labor and Employment (DoLE) said it ordered AMPC, a contractor allegedly engaged in illegal contractualization practices with Nutri-Asia, Inc. (NAI), to cease its contracting activities. "Based on the order issued by Director Zenaida ...

Magnitude 5.6 quake jolts parts of Mindanao
CNN Philippines - 2018-07-03
Metro Manila (CNN Philippines, July 3) -- A magnitude 5.6 earthquake shook Glan town in Sarangani province, more than a thousand kilometers south of Manila, Tuesday. The quake struck off Glan at 5:59 p.m., the Philippine Institute of Volcanology and ...

Derivatives as investments
BusinessMirror - 2018-07-03
Derivatives is big business. In 2016 $25 billion in derivative contracts were traded--36 percent of these were traded in Asia, 34 percent were traded in North America and 26 percent were traded in Europe. Global derivative contracts were worth $570 ...

PhilSys: One card to rule them all
BusinessWorld - 2018-07-03
This card, although optional, are issued to members of the Social Security System (SSS), Government Service ... The breach incident dubbed "Comeleaks" saw a lot of data compromised by a group of hackers. The incident indeed served as a wakeup call ...

ALP launches Azuela Cove in Davao
BusinessMirror - 2018-07-03
Seascape villa and The Amenity Deck Edith Alcantara, director of ALSONS Consolidated Resources Inc., told the media that the company decided to partner with ALP because of its sterling track record in the development of luxury residences. "Since this is ...

Makati and BGC as preferred locations for flexible workspaces
BusinessMirror - 2018-07-03
However, JLL pointed out that are some barriers that needs to be hurdled to enable flexible space to expand. De los Reyes said large business put a high value on retaining their brand identity and culture, as well as the need to protect data and secure ...

DOF sees faster inflation in June
philstar.com - 2018-07-03
MANILA, Philippines -- The overall increase in prices of key consumer items likely accelerated at a faster pace in June driven by higher food prices, the Department of Finance said Tuesday. In an economic bulletin, the DOF said inflation might have inched ...

The business that helps other businesses grow
BusinessMirror - 2018-07-03
Xsite utilizes pooled knowledge of data science, analytics ... shift in building a brand equity for a services firm was slow but surely being anchored on an online reputation marketing and providing proof that a company can deliver.

All of our workers are regular, says Jollibee
philstar.com - 2018-07-03
MANILA, Philippines -- Jollibee Foods Corp. on Tuesday maintained it is compliant with labor laws and regulations months after the Department of Labor and Employment ordered the homegrown food giant to give more than 7,000 workers permanent employment status.

Magnitude 5.2 quake strikes Batangas
philstar.com - 2018-07-03
MANILA, Philippines -- The Philippine Institute of Volcanology and Seismology on Tuesday afternoon recorded a magnitude 5.2 earthquake that jolted Batangas. The tremor occurred at around 12:25 p.m. Its epicenter was traced 25 kilometers southwest of ...

Drug enforcement chief: Assassinated mayor part of a drug group
CNN Philippines - 2018-07-03
Metro Manila (CNN Philippines, July 3) -- The head of the Philippine Drug Enforcement Agency (PDEA) insisted slain Tanauan Mayor Antonio Halili was part of an illegal drug trade group, which may have been the motive for his assassination. "Involved siya ...

BPI set to impose additional bank fees
CNN Philippines - 2018-07-03
Metro Manila (CNN Philippines, July 3) -- The Bank of the Philippine Islands (BPI) will be imposing updated fees for select transactions starting September 1. In a post on their website yesterday, BPI said this is in compliance with Republic Act 10963 ...

DOLE orders NutriAsia to regularize 80 workers of its contracting agency
CNN Philippines - 2018-07-03
Metro Manila (CNN Philippines, July 3) -- The Labor Department has found NutriAsia is engaged in the illegal practice of labor-only contracting with one of its contractors. DOLE ordered the food condiment giant to regularize 80 workers of the agency.

Philippine June CPI seen higher, third rate hike possible: Reuters poll
Reuters - 2018-07-03
MANILA (Reuters) - Philippine annual inflation likely quickened for a sixth straight month in June, a Reuters poll showed, leaving the door open for a third interest rate hike this year. The consumer price index is expected to have risen 4.8 percent in ...

Metro Manila police: Over 1,500 drug-related deaths in NCR
CNN Philippines - 2018-07-03
Metro Manila (CNN Philippines, July 3) -- Over 1,500 deaths in drug-related operations have been recorded in Metro Manila since the President began his term, latest police data said. In a statement Monday, National Capital Region Police Office (NCRPO ...

Army, police thwart BIFF 'show of force' in Maguindanao town
philstar.com - 2018-07-03
MAGUINDANAO, Philippines -- Authorities foiled on Tuesday an attempt by militants to show force and hoist the Islamic State flag in a populated area in Datu Paglas, Maguindanao. Personnel of the Army's 33rd Infantry Battalion and the police Special Action ...

Asian markets tumble as China-US trade tensions rise
philstar.com - 2018-07-03
SINGAPORE -- Asian markets tumbled on Tuesday as back-and-forth exchanges over possible higher U.S. tariffs for the auto sector deepened concerns that a trade war is brewing. The U.S. and China, the world's two largest economies, are set to impose tariffs ...

Malaysia seeks sharp cuts in $20-B China-backed rail link
philstar.com - 2018-07-03
KUALA LUMPUR, Malaysia -- Malaysia's government said Tuesday a major China-backed rail link project can only be viable with a "drastic" price reduction by the Chinese contractor as the actual cost of the venture is 81 billion ringgit ($20 billion).

Boys, coach in stable health after 10 days lost in Thai cave
philstar.com - 2018-07-03
MAE SAI, Thailand -- The 12 boys and soccer coach found in a partially flooded cave in northern Thailand after 10 days are mostly in stable medical condition and have received high-protein liquid food, officials said Tuesday, though it is not known when ...

Magnitude 5.2 quake rocks parts of Luzon
CNN Philippines - 2018-07-03
Metro Manila (CNN Philippines, July 3) -- A magnitude 5.2 earthquake shook Nasugbu town in Batangas and was felt in several areas in Luzon on Tuesday. The quake struck off Nasugbu at 12:25 p.m., the Philippine Institute of Volcanology and Seismology ...

Palace: Evangelicals offer to wash Duterte's feet 'out of humility'
CNN Philippines - 2018-07-03
Metro Manila (CNN Philippines, June 3) -- The Philippine Council of Evangelical Churches (PCEC) offered to wash President Rodrigo Duterte's feet, Malacañang confirmed on Tuesday. However, the Palace maintains it is not because the President is a sinner ...

Competition watchdog voids Uy-led Chelsea's takeover of Trans-Asia
philstar.com - 2018-07-03
"Parties to the voided transaction are currently weighing their options on whether to first file a Motion for Reconsideration with the Commission or to go straight to the Court of Appeals for redress," it added. -- Ian Nicolas Cigaral

Bali volcano hurls lava and ash, but island's airport normal
philstar.com - 2018-07-03
It warned people living near rivers to exercise caution, particularly in wet weather, because of the risk of fast-moving flows of muddy volcanic debris. The volcano, about 70 kilometers (45 miles) northeast of Bali's tourist hotspot of Kuta, last had a ...

Palace: CPP has 'established' links with Church members for Duterte's ouster
CNN Philippines - 2018-07-03
Metro Manila (CNN Philippines, July 3) -- Malacañang on Tuesday claimed members of the Communist Party of the Philippines (CPP) and the Catholic Church have "established" plans to oust President Rodrigo Duterte. "There are elements of the Catholic Church ...

Roque: President likely to pick jurist as next Ombudsman
CNN Philippines - 2018-07-03
Metro Manila (CNN Philippines, July 3) -- Presidential spokesman Harry Roque takes back his bet on the next Ombudsman. Contrary to his previous speculation that President Rodrigo Duterte's former lawyer, Edna Herrera-Batacan, would be a strong candidate ...

ConCom OKs draft of proposed federal constitution
CNN Philippines - 2018-07-03
Metro Manila (CNN Philippines, July 3) -- The Consultative Committee (ConCom) tasked to review the Constitution unanimously approved on Tuesday a draft of the proposed charter that allows for a shift to a federal form of government. The 22-member ...

DoF backs planned people exchanges with India
thestandard.com.ph - 2018-07-03
Dominguez consulted Gandhi on how India and the Philippines ... and technology for agricultural and rural development to improve lives and livelihoods of communities. Swaminathan was the director-general of the International Rice Research Institute based ...

Stocks up slightly in thin trading
thestandard.com.ph - 2018-07-03
Philippine H2O Ventures Corp., which businessman Dennis Uy recently acquired, advanced 4.3 percent to P7.35. The company is converting itself into a resort and property development company. The rest of Asian markets, meanwhile, kicked the week off with ...

SMC to join auction for Malampaya gas reserves
thestandard.com.ph - 2018-07-03
Floating terminal or regas needs at least 3,000 MW to be economical," Ang said. Ang also expressed willingness to team up with First Gen Corp. for the planned LNG facility in Batangas. No agreement was signed yet. State-run PNOC scheduled the submission ...

First Turkish drama on Philippine TV
thestandard.com.ph - 2018-07-03
While on the run, Leila will meet Albert, a business partner to Hasmet who also had an unfortunate life behind him. After losing his brother to a car accident that also sent his wife to a coma, Albert was just starting to get his life back through the help ...

Ombudsman confident to win PDAF cases
CNN Philippines - 2018-07-03
Metro Manila (CNN Philippines, July 3) -- Ombudsman Conchita Carpio Morales said she remains confident to win cases filed against lawmakers over an alleged pork barrel scam. "There is now a full trial, and after the full trial is the verdict," Morales ...

Duterte reshuffles senior Army officers in southern Mindanao
philstar.com - 2018-07-03
COTABATO CITY, Philippines -- The Army general who helped secure the recent surrender of dozens of misguided Islamic militants in Basilan is now assistant division commander of the 6th Infantry Division. Brig. Gen. Juvymax Uy of the 104th Brigade will ...

DOLE, NRCO launch 2018 seafarers' business plan competition
Philippine Information Agency - 2018-07-03
CEBU CITY, June 28 (PIA) --- The Department of Labor and Employment (DOLE), in partnership with the National Reintegration Center for OFWs (NRCO) and the Overseas Workers Welfare Administration (OWWA), launches the regional-leg of the 4th Integrated ...

Philippine city mayor gunned down during flag-raising event
Business Insider - 2018-07-03
MANILA, Philippines (AP) -- Philippine police say a provincial city mayor known for parading drug suspects in public but also alleged to have drug ties himself was shot to death during a flag-raising ceremony in front of horrified employees. Mayor Antonio ...

A one-time Fortnite event featured a rocket launch and rifts in the space-time continuum -- here's what it looked like
Business Insider - 2018-07-02
If you log in to "Fortnite: Battle Royale" right now, you'll notice what looks like a large crack in the sky above the center of the island. This crack is a result of the one-time event on Saturday that launched a rocket into the sky, and then mysteriously ...

IoT-Driven Cold Chain Tracking Provides Quality Control On The Go
Forbes - 2018-07-02
For some products, maintaining strict temperature controls during shipping is critical. Certain pharmaceuticals and vaccines require an unbroken chain of refrigerated environments to guarantee safety and effectiveness. Frozen foods need low temperatures to ...

Astronomers snap one of the best baby pics yet of a newborn planet
The Verge - 2018-07-02
An image of the star PDS 70 and its protoplanetary disk. The new planet can be seen as a light circle to the right of the star, which has had its light block out. ESO/A. Müller et al. Around 370 light years away from Earth, a big, cloudy planet is in the ...

Index manages to climb despite thin trades
philstar.com - 2018-07-02
MANILA, Philippines -- The stock market closed in positive territory yesterday, coming in stronger in the first trading week of the third quarter. The benchmark Philippine Stock Excange index (PSEi) rose 34.28 points, or 0.47 percent, to end at 7,227.96 ...

4 BIFF men killed, 2 soldiers hurt in Maguindanao
philstar.com - 2018-07-02
MAGUINDANAO, Philippines -- Four members of the Bangsamoro Islamic Freedom Fighters (BIFF) were killed while two soldiers were wounded in clashes in this province on Sunday. The fatalities were identified as Muktar Undi and Orai Sangkay, who were killed ...

LLDA eyes shutdown of 5 more firms
philstar.com - 2018-07-02
MANILA, Philippines -- The Laguna Lake Development Authority (LLDA) is investigating five firms for operating without necessary permits and violating environmental laws. LLDA general manager Jaime Medina said the five firms may be shut down after the ...

ERC clears Meralco, FGen PSA
philstar.com - 2018-07-02
MANILA, Philippines -- The Energy Regulatory Commission (ERC) granted interim relief to Manila Electric Co. (Meralco) and a unit of Lopez-led First Gen Corp. to implement their six-year power supply deal. This allows both parties to execute the power ...

Google reportedly allows outside app developers to read people's Gmails
Business Insider - 2018-07-02
Google promised a year ago to provide more privacy to Gmail users but The Wall Street Journal reports that hundreds of app makers have access to millions of inboxes belonging to Gmail users. The outside app companies receive access to messages from Gmail ...

Facebook details data sharing agreements with Amazon, Qualcomm, and AT&T among others
The Verge - 2018-07-02
In over 700 pages of responses sent to Congress over the weekend, Facebook acknowledged that it shared user data with 52 hardware and software companies, many of which were previously undisclosed. "These integrations were built by our partners, for our ...

The Online Gene Test Finds a Dangerous Mutation. It May Well Be Wrong.
The New York Times - 2018-07-02
Joshua Clayton was erroneously told he had mutation associated with Lynch syndrome, a genetic disorder that can lead to fatal cancers at an early age.CreditAllison V. Smith for The New York Times Dr. Joshua Clayton, a 29-year-old radiology resident at ...

DBCC revises economic assumptions
philstar.com - 2018-07-02
MANILA, Philippines -- The inter-agency Development Budget Coordination Committee (DBCC) disclosed a new set of economic assumptions for this year and next year to reflect the aggressive spending strategy of the government and the upward trend in consumer ...

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