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Price spikes dampen first quarter economic growth
CNN Philippines - 2018-05-11
Metro Manila (CNN Philippines, May 10) -- The government today announced that the Philippine economy grew by 6.8 percent for the first quarter of 2018 -- the 10th consecutive quarter of expansion of 6.5 percent or better. The Philippines almost hit the ...

PLDT net earnings rise 39% to P6.9 billion
philstar.com - 2018-05-11
MANILA, Philippines -- It was a good start for PLDT Inc. this year as it saw net earnings rise by 39 percent in the first quarter from a year ago amid higher revenues and stabilizing wireless business. For the first quarter, PLDT saw its net income grow ...

Despite inflation spike, GDP grows by 6.8% in Q1 2018
philstar.com - 2018-05-11
"We expect fiscal spending, business and household spending to continue to drive growth in 2018 and 2019," he said. "These drivers of growth can easily withstand measured monetary tightening this year and next. Market interest rates have reflected ...

BSP hikes rates, first in more than 3 years
philstar.com - 2018-05-11
MANILA, Philippines -- The Bangko Sentral ng Pilipinas (BSP) finally raised interest rates for the first time in more than three years yesterday, saying monetary authorities are ready to take further policy action to temper inflationary pressures.

Supreme Court set to vote on Sereno's ouster today
CNN Philippines - 2018-05-11
Metro Manila (CNN Philippines ... court. She earlier asked the High Court to junk the quo warranto petition, stressing that impeachment is the only way to remove a Chief Justice. Sereno's supporters gathered outside the Supreme Court building along ...

Oil jumps, Asian shares mixed after US leaves Iran deal
Business Insider - 2018-05-11
KEEPING SCORE: Japan's Nikkei 225 dropped 0.4 percent to 22,408.88 and South ... Stocks rose in Taiwan, Singapore and Indonesia but fell in Thailand and the Philippines. IRAN DEAL: The U.S. decision to leave the Iran nuclear deal, which required Iran ...

A necessary investment
BusinessWorld - 2018-05-10
We have varied plans tailored fit to the needs of the market, whether on a corporate level or individual-wise," Maxicare noted, and added that they have programs designed for corporate requirements, small and medium enterprises, as well as for individual ...

MediCard Philippines, Inc.: Providing adequate health care access to more people
BusinessWorld - 2018-05-10
When the concept of health maintenance organization (HMO) became popular in the United States in the early 1970s, Filipinos mostly received their medical care through the local practices of doctors in clinics and hospitals, in addition to what the ...

Intellicare (Asalus Corporation): Always in pursuit of better health care services
BusinessWorld - 2018-05-10
Intellicare (Asalus Corporation), a health maintenance organization (HMO) that began operations in 1995, has made a commitment to consistently provide its members with high-quality, easily accessible health care services. And the steadfastness with which ...

Uber Says It Will Deliver Food by Drone in Under 30 Minutes
Fortune - 2018-05-10
Uber Technologies Inc. plans to deliver food by drone in San Diego as part of a wide-reaching commercial test program approved by the federal government on Wednesday, said Dara Khosrowshahi, the chief executive officer. Khosrowshahi said people should ...

Early Palliative Care Curbs Costs, Especially for Cancer
Medscape - 2018-05-10
A palliative care consultation (PCC) within 3 days of hospital admission can reduce the cost of care. The reduction in cost burden was particularly evident for cancer patients and those with multiple comorbidities, according to a new meta-analysis.

Tech leaders seek more focus on AI at White House summit
YAHOO! - 2018-05-10
Top U.S. tech executives and researchers want the Trump administration to invest more in artificial intelligence and craft policies they hope will strengthen the economy without displacing jobs. The administration said Thursday it is doing just that.

Serena Williams reveals footage of C-section and life-threatening aftermath
YAHOO! - 2018-05-10
On the HBO docuseries "Being Serena," Serena Williams revealed her life-threatening experience after delivering her baby, Alexis Olympia. At first, things moved smoothly as her fiancé, Alexis Ohanian, captured the moment her baby was delivered via an ...

Real-Time Facial Recognition Is Available, But Will U.S. Police Buy It?
NPR - 2018-05-10
You've seen it in the movies for years: Security cameras find a face in a crowd, and -- Enhance! -- a computer comes up with a name. It was Hollywood fantasy: in real life, facial recognition was just too error-prone to work that quickly, especially with ...

Apple just invested $10 million to make aluminum with a 'completely new process'
Business Insider - 2018-05-10
Apple is investing in a new joint venture with aluminum giants Alcoa and Rio Tinto. Apple uses a lot of aluminum in its products. The joint venture is called Elysis, and its focus will be on working to scale and commercialize a new aluminum manufacturing ...

Watch live: SpaceX to launch Block 5 rocket for first time
Upi.com - 2018-05-10
May 9 (UPI) --SpaceX is ready for a couple more firsts. The aeronautics outfit is preparing to launch the latest version of its Falcon 9 rocket, the Block 5 -- the rocket's most powerful iteration yet. The new rocket model, upgraded to enhance reusability ...

The Bigger The Mother Fish, The More Babies She Has
NPR - 2018-05-10
When it comes to motherhood, at least if you're a fish, big is better. Bigger fish produce more far more offspring pound for pound than smaller fish. And that can mean more on your plate. The new research comes from a team in Australia and Panama and ...

FCC Plans Net Neutrality Rollback For June 11; Senate Democrats Plan A Key Challenge
NPR - 2018-05-10
The Federal Communications Commission says that its order ending an era of "net neutrality" -- the rules that restrict Internet service providers' ability to slow down or speed up users' access to specific websites and apps - will take effect on June 11.

Deadly falls rise 31 percent in 10 yrs among US seniors
News Philippines Yahoo - 2018-05-10
People age 65 and older are falling at an increasing rate across the United States, with deadly tumbles among the elderly rising by nearly a third since 2007, US health officials said Thursday. The reason for the rise remains unclear, but may include ...

More women opting for multigene tests to assess breast cancer risk
Upi.com - 2018-05-10
May 10 (UPI) --New research suggests women are increasingly foregoing BRCA tests, which only test for mutations in either of the BRCA1 and BRCA2 genes, opting instead for more comprehensive tests that detect mutations in a larger number of genes.

Local officials influencing barangay polls -- DILG
CNN Philippines - 2018-05-10
Metro Manila (CNN Philippines, May 10) -- The midterm polls are still be next year but this early some local officials are trying to exert influence on the outcome of Monday's barangay elections, the Department of Interior and Local Government (DILG) said.

Aquino faces another plunder complaint over Dengvaxia procurement
CNN Philippines - 2018-05-10
Lawyer Ferdinand Topacio and Citizens Crime Watch President Diego Magpantay filed the complaint on Thursday against Aquino, former Executive Secretary Paquito Ochoa, former Budget Chief Butch Florencio "Butch" Abad, former Health Secretary Janette Garin ...

Duterte assigns Environment chief to lead Boracay Task Force
CNN Philippines - 2018-05-10
Metro Manila (CNN Philippines, May 10) -- President Rodrigo Duterte has assigned Environment Secretary Roy Cimatu as the chair of the inter-agency task force in charge of rehabilitating Boracay island. According to Executive Order 53 signed by Duterte on ...

After surprising discovery, researchers look for more 'early human' fossils in PH
CNN Philippines - 2018-05-10
Metro Manila (CNN Philippines, May 10) -- In the mountainous area of Sitio Greenhills in Rizal, Kalinga under the scorching heat of the sun, researchers, archaeologists, and local field workers search for pieces and remnants of history. It was an ordinary ...

Unseating Sereno: A tale of two ousters
CNN Philippines - 2018-05-10
Metro Manila (CNN Philippines, May 10) -- Two appears to be an unlucky number for Chief Justice Maria Lourdes Sereno, who could be the second top magistrate ousted in Philippine history. Sereno faces two ouster proceedings - a quo warranto petition ...

PLDT core profit increases in Q1
BusinessWorld - 2018-05-10
Mobile Internet revenues increased 29% to P5.9 billion, while Home broadband revenues jumped 18% to P5.6 billion. Corporate data and data center revenues increased 6% to P5.2 billion. PLDT Chief Revenue Officer Ernesto R. Alberto said the data plans they ...

GT Capital implements Metro Park master plan
BusinessWorld - 2018-05-10
GT CAPITAL HOLDINGS, Inc. is now implementing the master plan for its 40-hectare mixed use estate in the Bay Area called Metro Park, where it recently opened a new office building for the business process outsourcing sector. "The land area in the ...

Know your BP numbers
BusinessWorld - 2018-05-10
Indeed, knowledge empowers us to make the right decisions in caring for our health. Teodoro B. Padilla is the executive director of Pharmaceutical and Healthcare Association of the Philippines (PHAP). Medicine Cabinet is a weekly PHAP column that aims to ...

Duterte EO creates office for earthquake resiliency in Metro Manila
CNN Philippines - 2018-05-10
Metro Manila (CNN Philippines, May 10) --President Rodrigo Duterte on Thursday issued Executive Order (EO) 52, which creates an office that streamlines all efforts at earthquake resiliency in Metro Manila. The Program Management Office for Earthquake ...

GLOSFER, COINVIL to Establish Cryptocurrency Exchange in the Philippines
Yahoo Finance - 2018-05-10
"Following this agreement, we at GLOSFER will utilize our exchange-related solutions and expertise to signal a positive change in the Philippines cryptocurrency market," said CEO Taewon Kim of GLOSFER. "I am excited about the business opportunities ahead ...

QC unveils new Civic Center for 1-stop business, location permits
thestandard.com.ph - 2018-05-10
QUEZON City Mayor Herbert Bautista has spearheaded the inauguration of a six-story Civic Center Building D housing a one-stop shop for building and locational permits at the city hall compound. The new building houses the Department of Building Official ...

PSA to set up new office to serve more people in Muntinlupa
BusinessMirror - 2018-05-10
As part of its commitment to provide efficient and effective services to the constituents, the local government of Muntinlupa continues to forge alliances with various agencies for installation of their satellite offices in the city. Recently, the ...

Pilmico to construct P10-million R&D facility in Mindanao
BusinessMirror - 2018-05-10
Pilmico Foods Corp. (Pilmico) said it is constructing a state-of-the-art research and development (R&D) facility in Mindanao "dedicated" to the improvement of livestock, poultry and aquaculture production. The establishment of the facility would be ...

Four kids among 6 killed in Parañaque building fire
thestandard.com.ph - 2018-05-10
The national government has urged the community and business establishments in Metro Manila to practice fire safety precautions "to avoid the detrimental effects of fire accidents." It also asked local government officials to make fire safety awareness ...

Duterte signs EO increasing compensation benefits of employees with disabilities
CNN Philippines - 2018-05-10
Metro Manila (CNN Philippines, May 10) -- President Rodrigo Duterte signed Executive Order (EO) No. 54, increasing the disability compensation benefits of private employees' across the board. According to the EO signed May 8, a ?1,150 increase in ...

PEZA cheers as Nickolodeon revives underwater park plan
BusinessWorld - 2018-05-10
To get the nod of the investment promotion agency, Coral World will first have to seal the approval of several other agencies, including the Palawan Council for Sustainable Development -- the administrative body that serves to guide the local government ...

Trump welcomes 3 freed Korean-Americans
BusinessMirror - 2018-05-10
Secretary of State Mike Pompeo had secured their release ... Kim Hak-song worked in agricultural development at an experimental farm run by the Pyongyang University of Science and Technology (PUST). The university is the only privately funded college ...

DOLE sets guidelines for Boracay workers assistance
CNN Philippines - 2018-05-10
Metro Manila (CNN Philippines, May 9) -- Boracay workers whose jobs have been affected by the island's closure may soon claim monetary assistance from the government. The Department of Labor and Employment (DOLE) on May 4 issued guidelines on the ...

Eton Properties expands footprint, hiked recurring income in 2017
BusinessMirror - 2018-05-10
The company will also begin offering flexible coworking offices at the upcoming NXTower I in Ortigas Central Business District. As it marked its 10th year of operations, Eton intensified its focus on its leasing business--a strategy to increase its ...

New charges vs Aquino, Duque over Dengvaxia
BusinessWorld - 2018-05-10
Meanwhile, current Health Secretary Francisco T. Duque III and 36 others were slapped with new complaints over the dengue vaccination program. Mr. Topacio said he filed the complaint against Mr. Aquino and the others precisely after the Senate ...

10 companies and proprietors face tax raps
BusinessWorld - 2018-05-10
Florendo and treasurer James L. Tiu, and Cavite-based company Drillcorp Philippines, Inc. (Drillcorps) and its responsible corporate officers Kenneth Wilkes, Maricris Saniel, Ip Swee Bin, and Edward Bacus. Huile "is being sued for a total deficiency tax ...

Displaced Marawi entrepreneurs to get subsidy during month-long Ramadan Fair 2018
BusinessWorld - 2018-05-10
THE ANNUAL Ramadan Trade Fair is set to open Friday, May 11, with 75 booths featuring local goods, the Department of Trade and Industry-Autonomous Region in Muslim Mindanao announced. Twenty of these booths will be dedicated to hosting the businesses of ...

BSP raises interest rate to address rising prices
CNN Philippines - 2018-05-10
Metro Manila (CNN Philippines, May 10) -- To temper rising commodity prices, the Bangko Sentral ng Pilipinas (BSP) raised interest rates for the first time in two years. The Monetary Board, the BSP's policy-making body, announced it raised interest rates ...

Don't Skype Me: How Microsoft Turned Consumers Against a Beloved Brand
Bloomberg L.P. - 2018-05-10
It's relatively easy these days to find critics of Skype, the popular online calling service that Microsoft acquired in 2011 for $8.5 billion. Former devotees routinely gripe on social media that the software has become too difficult to use. On the Apple ...

PH, Kuwait to sign labor deal on Friday
CNN Philippines - 2018-05-10
Metro Manila (CNN Philippines, May 10) -- Philippine and Kuwaiti officials will sign on Friday the proposed labor deal protecting the welfare of Filipino workers. In a media briefing Thursday, Presidential Spokesman Harry Roque confirmed the agreement ...

DOH orders speedy release of Dengvaxia claims in Calabarzon
Rappler - 2018-05-10
BATANGAS, Philippines - Regional Director Eduardo Janairo of the Department of Health (DOH)-Calabarzon on Monday, May 7, instructed all provincial DOH representatives to immediately implement the approved guidelines for Dengvaxia claims in the region.

Chinese planes, vessels spotted in Spratly Islands - U.S. think tank
CNN Philippines - 2018-05-10
Metro Manila (CNN Philippines, May 10) -- Chinese vessels and planes were spotted on artificial islands in the South China Sea as seen in photographs by an American think tank. The pictures released Wednesday by the Asia Maritime Transparency Initiative ...

BPOs remain bullish despite TRAIN 2 passage -- Colliers
BusinessWorld - 2018-05-10
Business process outsourcing (BPO) firms remain bullish on expanding in the Philippines despite the removal of tax perks under the proposed second package of the Tax Reform for Acceleration and Inclusion (TRAIN), according to real estate consulting ...

Job-generating FDIs reach $573 million in February
philstar.com - 2018-05-10
MANILA Philippines -- Foreign direct investments to the Philippines surged in February on the back of growth in lending by foreign parents to their Philippine units, data released by the Bangko Sentral ng Pilipinas show. FDIs to the Philippines posted a $ ...

Megaworld earnings increased 12% in Q1
BusinessMirror - 2018-05-10
THE Andrew Tan-led property firm Megaworld Corp. said its net income grew 12 percent during the first three months of the year to P3.3 billion, from P2.9 billion last year. Consolidated revenues grew close to 10 percent to P13.1 billion during the first ...

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