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Bitcoin prices have been manipulated, study says
CNN Philippines - 2018-06-14
(CNN Money) -- Bitcoin's remarkable run last year may have been smoke and mirrors. Tether, another digital currency tied to the U.S. dollar, was used to artificially inflate bitcoin prices, according a study released Wednesday by the University of Texas.

Brexit could make UK car industry 'extinct'
CNN Philippines - 2018-06-14
(CNN Money) -- The head of Britain's top business lobby group says the country's car industry could be wiped out by Brexit. "There is a risk that the auto industry in the UK faces extinction if there's no customs union after Brexit," warned Paul Drechsler ...

Med Talk / Health Talk: Back to School
CNN Philippines - 2018-06-14
Going back to school from the summer break means time for another adjustment. Not just on the new tasks waiting for them at school, but also on the weather that changes unpredictably. Join Dr. Freddie Gomez and his guests as they discuss some of the common ...

Microsoft Office is getting a new, simpler look
CNN Philippines - 2018-06-14
(CNN Money) -- Microsoft is rolling out subtle changes to Office 365 to make work a little easier for its millions of customers. The cluttered control bar (Microsoft calls it a ribbon) on the top of web-version of Word has been slimmed down to just one line.

24 town police chiefs relieved for 'low performance' in anti-illegal drugs operations
CNN Philippines - 2018-06-14
Metro Manila (CNN Philippines, June 13) -- Twenty-four town police chiefs from the Mimaropa region have been sacked for poor performance in the anti-illegal drugs campaign, the Philippine National Police (PNP) said Wednesday. PNP Chief Oscar Albayalde ...

Duterte hits priests anew but denies persecuting them
CNN Philippines - 2018-06-13
Metro Manila (CNN Philippines, June 14) -- President Rodrigo Duterte on Wednesday denied persecuting priests, amid the killings of three clergy members in six months. "Sabi nung nabasa ko sa ano [What I read was], "Stop persecuting priests." Wala naman ...

The Philippines plans to give its community leaders free handguns to fight drugs and crime
Business Insider - 2018-06-13
The Philippines' interior ministry said on Wednesday it plans to acquire pistols for community leaders, or barangays, willing to fight crime and drugs. The interior department said handguns would be provided for free, or private purchases subsidized ...

Ronnie Dayan to testify vs De Lima in disobedience case
philstar.com - 2018-06-13
MANILA, Philippines -- The former driver and lover of detained Sen. Leila de Lima is set to testify in the disobedience case filed against her by House leaders before a Quezon City court. State prosecutors have asked Judge Ludmilla de Pio Lim of the ...

No letup for bitcoin as biggest cryptocurrency extends collapse
BusinessWorld - 2018-06-13
Questions about Tether and Bitfinex have dogged the cryptocurrency world since last year when Bitfinex lost banking relationships yet continued to operate. The U.S. Commodity Futures Trading Commission subpoenaed both firms in December, seeking proof that ...

Antarctica Has Lost More Than 3 Trillion Tons Of Ice In 25 Years
NPR - 2018-06-13
Scientists have completed the most exhaustive assessment of changes in Antarctica's ice sheet to date. And they found that it's melting faster than they thought. Ice losses totaling 3 trillion tonnes (or more than 3.3 trillion tons) since 1992 have caused ...

How do you count deaths from a hurricane?
YAHOO! - 2018-06-13
NEW YORK (AP) -- How many people died in Puerto Rico from Hurricane Maria? It's a question that has been debated since the powerful storm slammed into the island and devastated the U.S. territory last year. It's also raised questions about how officials ...

Massachusetts Sues OxyContin Maker Purdue Pharma, Saying It 'Peddled Falsehoods'
NPR - 2018-06-13
The state of Massachusetts is taking a new step in the fight against the opioid epidemic, filing a lawsuit against Purdue Pharma that also names the OxyContin maker's executives. The suit alleges the company and 16 of its current and former directors ...

A case of the plague has emerged in Idaho -- here's why the disturbing disease continues to re-appear
Business Insider - 2018-06-13
A child in Idaho came down with the plague recently, according to a statement by Idaho's Central District Health. People still catch the plague every year, usually after coming into contact with fleas that carry plague bacteria. There are a few cases every ...

Enormous Dust Storm On Mars Threatens The Opportunity Rover
NPR - 2018-06-13
A massive dust storm on Mars is threatening NASA's Opportunity rover, which has been conducting research on the Red Planet for well over a decade. Where the rover sits, the dust storm has completely blotted out the sun, depriving Opportunity of solar power ...

The US has added more solar power than any other type of electricity in 2018 so far -- more evidence of an energy revolution
Business Insider - 2018-06-13
The US added more solar power than any other type of electricity in the first quarter of 2018. According to a new report from the Solar Energy Industries Association (SEIA), a nonprofit group, the US solar market added 2.5 gigawatts of new capacity in the ...

raceAhead: Black Women Company Founders Need Investment
Fortune - 2018-06-13
Here are two facts to consider. The first: Black women are starting businesses in record numbers. The second: The median funding raised by all black women founders is $0. These are some of the findings from a new study from ProjectDiane, the data ...

Cisco Live 2018: 5G focus on making new revenue for carriers
ZDNet - 2018-06-13
One of the biggest concerns about 5G for service providers (SPs) is about how to make new revenue streams, Cisco Engineering SVP Service Provider Sumeet Arora has told ZDNet, with the networking giant focused on helping them do so. Given the amount of ...

Helping Cancer Patients to Understand New 'Right-to-Try' Law
Medscape - 2018-06-13
Cancer specialists are preparing to help patients understand what a new federal law will mean in terms of allowing access to experimental medicines outside of currently established paths. The debate around the so-called "right-to-try" law may have created ...

Goldman Sachs says Netflix is about to stop burning through cash
Business Insider - 2018-06-13
Netflix could stop burning cash in the near future, according to Goldman Sachs analyst Heath Terry. He says Netflix's big content spend is set to pay off, especially in international markets. Terry lifted his price target to $490 a share, roughly 30% above ...

YouTuber asks the internet *not* to Photoshop his pleasant honeymoon photo
Mashable - 2018-06-13
Back in April, YouTuber Jack Douglass (of jacksfilms) kindly asked the internet not to Photoshop his wedding photos. Of course, he knew what would happen, and it did: the internet Photoshopped his wedding photos. Now, Douglass is back for round two.

West Antarctic Ice Sheet Used To Be Smaller, But Recovered
International Business Times - 2018-06-13
Scientists have long believed the last glacial period, famously known as the Ice Age, ended with a period of continued warming which resulted in the shrinking of ice sheets and an increase in sea levels for thousands of years. The process still continues ...

Uber, NYC Taxi Commission Fire Driver Who Booted Lesbian Couple For Kissing
International Business Times - 2018-06-13
Ride-sharing giant Uber had to fire at least its third driver this month for misconduct on the job. Driver Ahmad El Boutari was filmed kicking a lesbian couple out of his car during an Uber ride in New York for kissing in the backseat, which led to harsh ...

Duterte's idea of arming barangay captains slammed
CNN Philippines - 2018-06-13
Metro Manila (CNN Philippines, June 13) -- Minority lawmakers and some barangay captains themselves oppose President Rodrigo Duterte's plan of arming village chiefs and officials to fight crime and illegal drugs. Caloocan Rep. Edgay Erice said the idea ...

Duterte not banking on rice self-sufficiency; import policy remains
CNN Philippines - 2018-06-13
Metro Manila (CNN Philippines, June 13) -- President Rodrigo Duterte said he does not think the country can achieve rice sufficiency. At a speech in Malacañang Wednesday, the President said, "If you'd ask me, in the next coming years we'll just have to ...

Electronics firms brace for higher tax cost
BusinessWorld - 2018-06-13
The proposal forms part of the second tax reform package that also removes tax incentives deemed redundant and slashes the regular corporate income tax rate to 20-25% from 30% currently. SEIPI has proposed a preferential rate of 10%, inclusive of local ...

Blackstone raises $9.4B for Asia real estate, private equity funds
BusinessWorld - 2018-06-13
Asia private equity deals have increased in size following corporate restructuring and as global funds become more established players in key markets such as China, India and Japan. Rival Carlyle Group is set to close its biggest Asia private equity fund ...

ANI infuses capital in banking unit
BusinessWorld - 2018-06-13
AGRINURTURE, Inc. (ANI) is infusing more capital in its banking affiliate Agricultural Bank of the Philippines, Inc. (ABP), as the latter expands its peer-to-peer platform and e-wallet business. In a disclosure to the stock exchange on Wednesday, the ...

Police seize ?163M shabu from mother and son in Manila
CNN Philippines - 2018-06-13
Metro Manila (CNN Philippines, June 13) -- Anti-drug operatives seized ?163 million-worth of shabu from a 61-year-old woman and her son who were arrested in a buy-bust operation in Sta. Ana, Manila early Wednesday. National Police Chief Oscar Albayalde ...

Empire East expanding into luxury projects
BusinessWorld - 2018-06-13
PROPERTY developer Empire East Land Holdings, Inc. is adding 1,900 units to its residential portfolio this year, as it sees rising demand for its luxury projects. "Our properties that carry the luxury brand of Empire East Elite cater to a more high-end ...

Orange rainfall warning up in Bataan
CNN Philippines - 2018-06-13
Metro Manila (CNN Philippines, June 13) -- Brace for threatening floods in Bataan as the state weather bureau raised the second highest warning, Orange, over the province. Because of non-stop rains, the Provincial Government of Bataan has suspended ...

Philippine Catholic priests: 'They are killing us'
Al Jazeera English - 2018-06-13
A fourth priest, who had served as chaplain for the Philippine police, survived an assassination ... "We want to treat drug addiction as a health issue. Our government is treating drug addicts as criminals. One by one, these addicts are being killed.

LIST: Class suspensions for June 14
philstar.com - 2018-06-13
MANILA, Philippines - Classes in some provinces and cities are suspended on Thursday, June 14 in anticipation of bad weather. As early as Wednesday, a number of local governments already announced the suspension of classes. PAGASA weather specialist Ezra ...

DTI allows 90 days for ease of doing business IRR approval
BusinessWorld - 2018-06-13
THE Department of Trade and Industry (DTI) said it is fast-tracking the drafting of the implementing rules and regulations (IRR) for the newly signed Ease of Doing Business law and has a 90-day timeline for its approval. "The future gameplan calls for ...

Package 2 is under way!
BusinessWorld - 2018-06-13
Removal of the preferential 10% income tax rate currently granted to non-profit proprietary educational institutions, nonprofit hospitals, offshore banking units and regional operating headquarters 3. Removal of the special income tax rates granted to ...

Are you a dignity-enhancing manager?
BusinessWorld - 2018-06-13
A tall order, I know. But our small group of mostly business faculty from Italy, Mexico, the Philippines, Spain, and the United States feels we have an urgent goal. In an era of worsening income inequality, workplace harassment, and the looming threat of ...

Oversupply sees egg trade treading on shells
BusinessMirror - 2018-06-13
A case usually contains 12 trays of eggs. Gajo, however, declined to reveal her price list to protect her own business. Nonetheless, Gajo said when June came, she could sell about 3,600 trays of eggs (about 108,000 eggs a day), a far cry from her daily ...

Seipi seeks to limit CIT to 10 percent in TRAIN 2
BusinessMirror - 2018-06-13
Seipi President Danilo C. Lachica said they proposed a 10-percent CIT, inclusive of local business taxes and real-estate tax. "We have asked [Finance Secretary Carlos G. Dominguez III] to lower the [corporate income tax] rate for us to 10 percent ...

Peso weakens to hit P53:$1 level
BusinessWorld - 2018-06-13
Ricafort, Rizal Commercial Banking Corp. Economics and Industry Research Divison head, said in a text message on Wednesday. Markets are expecting the Fed to raise its benchmark rates by a quarter of a percentage point at its meeting this week amid low ...

A little-known business at Robinhood has exploded, and now it's launching a service to go after the most serious traders
Business Insider - 2018-06-13
Robinhood's options-trading business is exploding, according to Chris O'Neil, a product manager at the California broker. Now the firm, which says it has seen $2 billion in options-trading volumes since launch, is upping the ante with the rollout of ...

PhilHealth gives P9-M aid to public schools
Sun Star - 2018-06-13
CITY OF SAN FERNANDO -- The Philippine Health Insurance Corporation (PhilHealth)-Central ... P1,559,810, while the information technology equipment amounted to some P6,402,377 and office equipment amounting P1,405,024, making the total amount of the ...

SEC approves P1-billion preferred shares offering of Now Corp.
BusinessMirror - 2018-06-13
This will also allow management the flexibility to invest the surplus cash back to grow the business," it said. Offer period will start on June 28 through July 4, while the shares will be listed on July 12.

MVP, Zobel groups to boost Metro Manila tourism via LRT-1
BusinessMirror - 2018-06-13
LRMC is jointly owned by Metro Pacific Investments Corp., chaired by business tycoon Manuel V. Pangilinan; AC Infrastructure Holdings Corp., chaired by Jaime Augusto Zobel de Ayala; and the Philippine Investment Alliance for Infrastructure, a closed-end ...

The top mental illness in the Philippines is also the least understood
CNN Philippines - 2018-06-13
No one could corroborate my sensory experiences." According to the latest report from Johnson & Johnson's Philippine Health Information System on mental health conditions (PHIS-MH) with data gathered from 10 government hospitals and four private ...

Nurture, strengthen independence, Oro dad says
Philippine Information Agency - 2018-06-13
the Department of Health (DOH) to sustain good public health, and the Department of the Interior and Local Government (DILG), Philippine National Police (PNP) and Armed Forces of the Philippines (AFP) to improve peace and order. Moreno further said that ...

Giving workers their fair share
BusinessMirror - 2018-06-13
As workers nationwide push for a higher minimum wage, many business leaders resist out of fear that their businesses will struggle with higher payroll costs. They say a minimum-wage hike now would harm businesses, especially small enterprises. Advocates ...

The stock market sweet spot
BusinessMirror - 2018-06-13
The question about where you would invest an extra million if you did not need the money is actually important for understanding the economy and the stock market. People that are clueless about money and the economy always seem to relate stock market ...

Merkel calls out Trump, citing U.S. services surplus with Europe
BusinessMirror - 2018-06-13
"Trade surpluses are still calculated in a pretty old-fashioned way, based only on goods," Merkel told a business conference of her Christian Democratic Union party on Tuesday evening. "But if you include services in the trade balance, the US has big ...

PBEd flags need to strengthen link between education and job readiness
BusinessWorld - 2018-06-13
EDUCATION advocacy group Philippine Business for Education (PBEd) flagged the need for improved quality of learning to empower Filipinos joining the work force. In a press gathering on Wednesday, PBEd Executive Director Lovelaine B. Basillote said ...

Banks ready to fund infrastructure projects--BDO Capital
thestandard.com.ph - 2018-06-13
... delays," according to a high-ranking official of BDO Capital and Investment Corp., the investment banking unit of BDO Unibank Inc., the largest lender in the country. Speaking as one of the private sector panelists in a business forum hosted by CNN ...

Palace: Philippines won't file new case vs. China over destruction of coral reefs in South China Sea
CNN Philippines - 2018-06-13
Metro Manila (CNN Philippines, June 13) -- The government prefers to talk to China about the destruction of coral reefs in the South China Sea, instead of filing a new case at the international tribunal. Malacañang made this statement Wednesday after ...

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