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Bello keen on taking Ombudsman post
CNN Philippines - 2018-05-16
Metro Manila (CNN Philippines, May 16) -- Labor Secretary Silvestre Bello III is keen on taking the Ombudsman post to help President Rodrigo Duterte fight corruption. "Nakikita ko na very long 'yung fight niya so I decided na tulungan ko siya para ...

Filinvest net income rises 27%
BusinessWorld - 2018-05-16
The listed conglomerate has also been ramping up its leisure portfolio through the 201-hectare Filinvest Mimosa + Leisure Estate, where it is set ... a provisional license from the Philippine Amusement and Gaming Corp. for the casino, which will be ...

Grocery business lifts Cosco income
BusinessWorld - 2018-05-16
COSCO CAPITAL, Inc. reported its net income attributable to equity holders of the parent rose 8% in the first quarter, driven by robust sales of its grocery retail and liquor businesses. In a regulatory filing, the retail holding firm of tycoon Lucio L.

8990 Q1 profit hits P1B
BusinessWorld - 2018-05-16
EARNINGS of 8990 Holdings, Inc. grew by more than a third in the first quarter of 2018, fueled by the delivery of more housing projects across the country. In a statement issued Wednesday, the mass housing developer said net income reached P1 billion in ...

Google workers reportedly quitting over drone contract
BusinessWorld - 2018-05-16
SAN FRANCISCO -- An internal petition calling for Google to stay out of "the business of war" was gaining support Tuesday, with some workers reportedly quitting to protest a collaboration with the US military. About 4,000 Google employees were said to ...

Xurpas unit plans $100-M coin offering
BusinessWorld - 2018-05-16
A UNIT of Xurpas, Inc. will be raising $100 million through a coin offering to fund its project that seeks to provide free Internet access to consumers in select markets. In a statement issued Wednesday, the listed technology firm said its Singapore unit ...

EastWest Bank profit drops
BusinessWorld - 2018-05-16
EAST WEST Banking Corp. (EastWest Bank) posted lower net profit in the first quarter on the back of low contributions from its rural bank and security trading arms. In a disclosure to the Philippine Stock Exchange on Wednesday, the Gotianun-led EastWest ...

Philippines, Papua New Guinea ink farm cooperation deal
Sun Star - 2018-05-16
THE Philippines and Papua New Guinea have signed a joint declaration ... workers who are providing good technical support and particularly in education and health in our country," he said.

Now Corp. Q1 profits rose 248% to P3.53 million
BusinessMirror - 2018-05-16
BUDDING third telco operator Now Corp. saw profits ballooning by almost threefolds during the first quarter of the year on the back of lower expenses and a slight increase on its top line. A disclosure to the local bourse showed the listed multimedia ...

Upward and forward... the cloud way
BusinessWorld - 2018-05-16
The Philippine business ecosystem today is at an interesting crossroads. What makes the "Philippine story" unique is the presence of numerous mid- to large-sized traditional and family-run businesses, which are on the cusp of transitioning to the big ...

In funds we trust
BusinessWorld - 2018-05-16
Norlegen L. Bayona is an Associate of the Corporate and Special Projects Department of the Angara Abello Concepcion Regala & Cruz Law Offices (ACCRALAW).

DOT chief Romulo-Puyat on Miss Universe hosting: Best to wait
Rappler - 2018-05-16
She said she's set to meet with the other assistant secretaries and undersecretaries in the coming days to talk about other projects, such as Health and Wellness, and Faith tourism programs. The new tourism chief also said she wants to push for "cultural ...

Willie Cauley-Stein visits Manila for Jr. NBA Philippines
CNN Philippines - 2018-05-16
"The biggest thing with these is we're ensuring and promoting health and fitness so we use basketball to generate that especially right now in our generation," he said. At just 15 years old, the Kansas native shares he made a bold decision of leaving his ...

Cebu Pacific opens Tokyo office to entice passengers - 2018-05-16
The airline said aside from business-to-business and business-to-customer transactions such as group reservation services, ticket sales and customer ... said there was much opportunity for trade and tourism between the two markets.

Labor Secretary clarifies no lifting of deployment ban to Kuwait yet
CNN Philippines - 2018-05-16
Metro Manila (CNN Philippines, May 16) -- Labor Secretary Silvestre Bello clarified he just recommended the partial lifting of the deployment ban to Kuwait to President Rodrigo Duterte. "I told the President that we can lift the ban only with respect to ...

Duterte will 'most likely' visit Kuwait after Ramadan -- Labor Secretary
CNN Philippines - 2018-05-16
Metro Manila (CNN Philippines, May 16) -- President Rodrigo Duterte might visit Kuwait over the case of slain overseas Filipino worker Joanna Demafelis, Labor Secretary Silvestre Bello said. "I am very confident that the president will most likely visit ...

Half of Canadians have experienced a mental health issue
Yahoo Finance - 2018-05-16
Mental Health at Work According to the survey ... including Canada , the United States , the United Kingdom , Ireland , Hong Kong , the Philippines , Japan , Indonesia , India , China , Australia , Singapore , Vietnam , Malaysia and Bermuda

FDC first-quarter earnings up by 18%
BusinessWorld - 2018-05-16
Filinvest Development Corp. (FDC) delivered an 18% increase in net income for the first quarter of 2018, driven mainly by its property units and investments in the hospitality and leisure sector. In a statement issued Wednesday, May 16, the Gotianun-led ...

House panel to DOH: Fund vaccinated kids' profiling, not anti-dengue kits
Rappler - 2018-05-16
MANILA, Philippines - The House committee on appropriations ordered the Department of Health (DOH) to realign funds meant for anti-dengue kits, and use the money to profile all children vaccinated with Dengvaxia instead. This was the order of ...

Tourism Chief to retain one usec, asks for courtesy resignation of other senior officials
CNN Philippines - 2018-05-16
Metro Manila (CNN Philippines, May 15) --Tourism Secretary Bernadette Romulo-Puyat has directed all of the department's undersecretaries and assistant secretaries to submit their courtesy resignations but revealed she is retaining one - Undersecretary ...

Labor Chief: Filipino worker abuse in Kuwait not as widespread
CNN Philippines - 2018-05-16
Metro Manila (CNN Philippines, May 16) -- Abuse among overseas Filipino workers in Kuwait is not as widespread as it seems, Labor Secretary Silvestre Bello III said Wednesday, even as the government was able to iron out a deal to protect the welfare of ...

Rappler Talk Investigative: Bob Herrera-Lim on the rule of law and risks to business
Rappler - 2018-05-16
At the same time, Filipinos are burdened by high prices of goods brought about by inflation and the recently implemented Tax Reform for Acceleration and ... in the Philippines specifically affects the business sector and perceptions of foreign investors.

NVPEA members receive rice subsidy
Philippine Information Agency - 2018-05-16
"This will somehow give them protection from the health hazards inherent in their work," she said. The NVPEA president also bared that the association is now offering blood chemistry examination for its members at low price through the Provincial ...

215 patients benefit from Worlds Apart-One Heart Inc. Medical Mission
Philippine Information Agency - 2018-05-16
It empowers individuals and communities worldwide to improve access to health care in rural areas like the Philippines. The organization forges partnerships with medical specialists to provide complex care in their respective areas of mission. It also ...

Robredo's 2017 net worth down to ?1.1-M after poll protest payment
CNN Philippines - 2018-05-16
Metro Manila (CNN Philippines, May 16) -- The net worth of Vice President Leni Robredo has dropped to more than a million, ?7.76 million lower than her previous net worth in 2016. According to her Statement of Assets, Liabilities and Net Worth (SALN ...

Boracay Islanders Feel the Pinch After the Philippines Shuts Down a Top Tourist Destination
YAHOO! - 2018-05-16
"Conservatively speaking," he estimates that the potential losses for Boracay will run into the region of 10 billion Philippine pesos (almost $200 million), having a significant impact on the tourism industry and wider economy across the Philippine

China using 'debtbook diplomacy' to spread its strategic aims in Asia Pacific
CNN Philippines - 2018-05-16
(CNN) -- The Chinese government is using billions of dollars in debts to gain political leverage with developing countries across Asia and the Pacific, a new report presented to the U.S. State Department claims. The independent report, written by a pair ...

Labor Chief: Kuwait offers to bring lawyers, kin to Demafelis' slay trial
CNN Philippines - 2018-05-16
Metro Manila (CNN Philippines, May 16) -- Kuwait has offered to bring the family of slain overseas Filipino worker Joanna Demafelis to witness the trial of her killers, according to Labor Secretary Silvestre Bello Thursday. In an interview with CNN ...

Airports as catalysts - 2018-05-16
Airports are known catalysts for local economic development. The presence of a local airport is sure to bring in more tourists, employment, and increased business activities. Camarines Sur is, therefore, "blessed" to have not one, but two airports.

How ING paints the town orange
BusinessWorld - 2018-05-16
Since Dutch financial giant ING Bank, N.V. first established presence in the Philippines 28 years ago, it has not only made a name as the first foreign bank in the country to gain a universal banking license; it has also been expanding its business.

Robust and gearing for the future
BusinessWorld - 2018-05-16
The business process outsourcing (BPO) industry of the Philippines, described by Oxford Business Group (OBG) in its "The Report: The Philippines 2017" as "an economic powerhouse" and "one of the largest white-collar employers in the country ...

BPO sector: An economic pillar
BusinessWorld - 2018-05-16
The Department of Trade and Industry (DTI) defines business process outsourcing (BPO) as the "delegation of service-type business processes to a third-party service provider." The industry, according to the department, is generally divided into the ...

Opening up new opportunities for growth
BusinessWorld - 2018-05-16
In the Philippines, a significant part of the work force is employed in the service sector. Due to the rise of shared services and information technology-business process outsourcing (IT-BPO) firms, from once a largely agricultural nation, the country has ...

Facebook shut 583 million fake accounts
YAHOO! - 2018-05-15
Paris (AFP) - Facebook axed 583 million fake accounts in the first three months of 2018, the social media giant said Tuesday, detailing how it enforces "community standards" against sexual or violent images, terrorist propaganda or hate speech. Responding ...

MORGAN STANLEY: The data center market is getting a huge boost, thanks to big cloud spending from Amazon and Facebook
Business Insider - 2018-05-15
Tech giants are investing more heavily in infrastructure than previously believed, according to Morgan Stanley. In a report Tuesday, the firm said it expects cloud capital expenditures to grow 29% year-over-year in 2018. The firm previously thought growth ...

Amazon Sumerian now generally available
ZDNet - 2018-05-15
Amazon Web Services had made its Sumerian augmented and virtual reality platform generally available. Outlined at AWS re:Invent 2017, Sumerian is a bet that enterprises and developers will gravitate toward developing AR and VR applications on browser-based ...

Mathematical method could automatize, enhance breast cancer diagnosis - 2018-05-15
May 15 (UPI) --Computers, through mathematical models, are being taught how to diagnose breast cancer. Researchers at Kaunas University of Technology in Lithuania are applying a deep learning method that they hope will partially automatize and enhance the ...

This ex Goldman Sachs banker is the newest general partner at Greylock Partners, and she sees more $10 billion software companies on the horizon
Business Insider - 2018-05-15
Sarah Guo is known around Silicon Valley for leading early investments in high-potential startups across cybersecurity, infrastructure and digital health. Guo, who rose through the ranks at VC firm Greylock over the past five years, joined from Goldman ...

We ate some of our favorite foods from childhood to see if they still taste amazing
Mashable - 2018-05-15
Mashable is a global, multi-platform media and entertainment company. Powered by its own proprietary technology, Mashable is the go-to source for tech, digital culture and entertainment content for its dedicated and influential audience around the globe.

Battered By Bleaching, Florida's Coral Reefs Now Face Mysterious Disease
NPR - 2018-05-15
At Mote Marine Lab's Center for Coral Reef Research and Restoration in the Florida Keys, Joey Mandara is like a baby sitter. But instead of children he tends to thousands of baby corals, growing in large, shallow tanks called raceways. Mote has been doing ...

Morgan Stanley is getting more negative on Tesla's ability to make a profit
YAHOO! - 2018-05-15
Morgan Stanley is getting more negative over profitability of Tesla's (TSLA) Model 3 electric car. Morgan Stanley's Adam Jonas slashed his price target to $291 from $376 for Tesla shares, roughly flat to the stock's Monday close. "We are making material ...

Hormonal Mechanism Could Explain Canagliflozin's Fracture Risk
Medscape - 2018-05-15
The elevated fracture risk seen with the type 2 diabetes drug canagliflozin (Invokana, Janssen) appears to be a class effect of sodium-glucose cotransporter-2 (SGLT2) inhibitors and is potentially modifiable, new research suggests. The findings, from a ...

Asteroid Will Pass Between The Earth And The Moon Tuesday (Don't Panic)
NPR - 2018-05-15
Asteroid 2010 WC9 was lost, then it was found -- and now the small space rock that's hundreds of feet wide is zooming toward Earth, making a close but safe pass on Tuesday that will see it fly roughly halfway between our planet and the moon. Before we ...

1,310 gun ban violators arrested - 2018-05-15
MANILA, Philippines -- At least 1,310 persons have been arrested and 1,139 firearms confiscated since April 14 with the implementation of the gun ban in connection with the barangay and Sanguniang Kabataan elections, the Philippine National Police (PNP ...

DOJ orders ex-President Aquino to attend next Dengvaxia hearing
CNN Philippines - 2018-05-15
Metro Manila (CNN Philippines, May 15) -- Justice Department's panel of prosecutors ordered former President Benigno Aquino III to appear in the next hearing over the Dengvaxia controversy. DOJ Senior Assistant State Prosecutor Rossane Balauag on Tuesday ...

Jumbo jet-sized asteroid to make 'closest ever' pass by Earth - 2018-05-15
May 15 (UPI) --An asteroid astronomers lost track of for eight years has returned. The jumbo jet-sized space rock is set to skim by Earth on Tuesday night. The asteroid will pass at roughly half the distance between the Earth and the moon, the closest ...

Conglomerates deliver mixed Q1 results, but outlook remains positive
BusinessWorld - 2018-05-15
"As expected there are some soft spots for conglomerates given the diverse business interests of each. The rest of the year should be better than last year overall as there should be some recovery in the initial or first-quarter underperformers of each ...

House committee eyes retention, expansion of tax, non-tax incentives
BusinessWorld - 2018-05-15
Dakila Carlo E. Cua (Quirino), House ways and means committee chairman, said although he filed the corporate tax cut measure in March as House Bill (HB) No. 7458, it still needs to be referred by the Speaker to the body so it can conduct public hearings.

DMCI raises capex to over P40B this year
BusinessWorld - 2018-05-15
DMCI Holdings, Inc. is setting aside P40.7 billion in capital expenditures this year, the bulk of which will go into its property and integrated energy businesses, company officials said on Tuesday. "Without Maynilad [Water Services, Inc.], capex is P31 ...

DoubleDragon income soars in Q1
BusinessWorld - 2018-05-15
In response to higher interest rate environment, Mr. Sia noted the company has already anticipated this to be a risk to their business early on. "We have mitigated this risk by favoring fixed rate funding for all of our fund-raises...We have been very ...

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