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Philex copper, gold output declined in Q1
BusinessMirror - 2018-05-11
PHILEX Mining Corp. said its gold and copper output in the first quarter fell by 20 percent and nearly 9 percent, respectively, despite a 10-percent hike in total milling tonnage. The company, led by businessman Manuel V. Pangilinan, said the decline in ...

PLDT net income rose 41% to P7 billion in Q1
BusinessMirror - 2018-05-11
PLDT Inc. Chairman and CEO Manuel V. Pangilinan on May 10 said the information and communications technology (ICT) juggernaut needs to exert more effort to regain its lofty standing in the market. "We can do better. The competition has a slight edge in ...

Vista Land income grew 13 percent to P2.61 billion in Q1, on brisk residential sales
BusinessMirror - 2018-05-11
PROPERTY developer Vista Land & Lifescapes Inc. on Thursday said its net income grew 13 percent during the first three months of the year to P2.61 billion, from P2.31 billion last year, on sustained sales of its core residential business. Revenues grew 11 ...

Sereno ouster shows SC bowing to 'aggressive' SolGen - Justice Leonen
CNN Philippines - 2018-05-11
Metro Manila (CNN Philippines, May 11) -- The Solicitor General's petition to oust former Chief Justice Maria Lourdes Sereno should have been junked outright, an associate justice said Friday. Associate Justice Marvic Leonen stressed the landmark ruling ...

SE Asia Stocks-Rise in line with broader Asia; Philippines gains nearly 2.5 pct
Reuters - 2018-05-11
Financials and industrials were among the top boosts with power generator Aboitiz Equity ventures rising 6 percent and BDO Unibank ending 3.3 percent higher. "Most analysts were citing that recent inflation figures have in a way signalled that the BSP ...

Supreme Court ousts Sereno in landmark ruling
BusinessWorld - 2018-05-11
Maintain high standards for future appointments, Makati Business Club says For his part, Makati Business Club exective director Coco Alcuaz told BusinessWorld in an email that the organization is urging President Rodrigo R. Duterte to "maintain high ...

Ayala Q1 profits hit P7.7B
BusinessWorld - 2018-05-11
THE real estate and power units of Ayala Corp. (AC) boosted its earnings for the first quarter of 2018, with net income attributable to the parent up 10% year-on-year. In a statement issued Friday, the listed conglomerate reported an attributable profit of ...

San Miguel Food and Beverage expects to earn P33 billion in 2018
BusinessWorld - 2018-05-11
SAN MIGUEL Food and Beverage, Inc. (SMFBI) -- previously known as San Miguel Pure Foods Co., Inc. -- is expected to generate P33 billion in earnings this year, once the beer, food, and liquor businesses are fully consolidated under its portfolio ...

BSP forms new unit as part of reorganization
BusinessWorld - 2018-05-11
Guinigundo; o the Corporate Services Sector, under the old Resource Management Sector led by Deputy Governor Maria Almasara Cyd N. Tuaño-Amador; o and the new Currency Management Sector, with Assistant Governor Dahlia D. Luna sitting as acting head.

Sereno: 'We won' despite ouster as Chief Justice
CNN Philippines - 2018-05-11
Metro Manila (CNN Philippines, May 11) -- A serene yet spirited Maria Lourdes Sereno faced her distraught supporters on Friday, minutes after the majority of Supreme Court justices voted to remove her as Chief Justice. Sereno consoled her supporters ...

Duterte's 2017 net worth up by ?4 million since he assumed presidency
CNN Philippines - 2018-05-11
Metro Manila (CNN Philippines, May 11) -- President Rodrigo Duterte's net worth is ?28.5 million, up by ?4 million since he assumed office in June 2016. According to his latest Statement of Assets, Liabilities and Net worth (SALN) from the end of 2017 ...

Supreme Court unseats Chief Justice Sereno
CNN Philippines - 2018-05-11
Metro Manila (CNN Philippines, May 11) -- The Supreme Court justices voted to unseat Chief Justice Maria Lourdes Sereno. In a precedent-setting case, eight justices voted to grant Solicitor General Jose Calida's petition to oust Sereno, while six voted ...

Senators: Sereno's ouster unconstitutional, a loss to the Filipino people
CNN Philippines - 2018-05-11
Metro Manila (CNN Philippines, May 11) -- The Supreme Court's decision Friday to unseat Chief Justice Maria Lourdes Sereno has elicted outrage among opposition senators even as a lawmaker allied with the administration called on the people to respect the ...

RCBC books higher Q1 profit on strong loan growth
BusinessWorld - 2018-05-11
Rizal Commercial Banking Corp. (RCBC) reported higher net profit in the first quarter supported by robust loan growth and reduction in non-performing assets. The Yuchengco-led lender booked an unaudited consolidated net income of P1.1 billion in the ...

BSP creates fourth unit as part of reorganization plan
BusinessWorld - 2018-05-11
Guinigundo; o the Corporate Services Sector, formerly named the Resource Management Sector led by Deputy Governor Maria Almasara Cyd N. Tuaño-Amador;

Administration praises Sereno ouster
CNN Philippines - 2018-05-11
Metro Manila (CNN Philippines, May 11) -- The petitioner against former Chief Justice Maria Lourdes Sereno, Solicitor General Jose Calida, welcomed the decision Friday, saying justices upheld the rule of law. "Despite the raucous voices of those ...

Sereno to appeal Supreme Court ouster decision
CNN Philippines - 2018-05-11
Metro Manila (CNN Philippines, May 11) -- Former Chief Justice Maria Lourdes Sereno is considering filing an appeal to overturn the Supreme Court justices' vote to remove her from her post. Her legal counsel, Josa Deinla, said the 8-6 vote of the Supreme ...

QCPD eyes bringing back house-to-house drug tests - 2018-05-11
MANILA, Philippines -- The Quezon City Police District (QCPD) is considering the reimplementation of the house-to-house drug testing and surveying following its recent court win, an official said yesterday. There is no longer any prohibition for the ...

Philippines' top court votes to oust Duterte-critic judge
YAHOO! - 2018-05-11
She is also alleged to have spent excessively on "opulent" hotels and a luxury official vehicle, as well as flying business or first class. Sereno is the second chief justice in a row to be ousted in the Philippines. Lawmakers convicted her predecessor ...

Fewer Filipinos satisfied with Duterte administration - SWS survey
CNN Philippines - 2018-05-11
Metro Manila (CNN Philippines, May 11) -- Fewer Filipinos were satisfied with the general performance of the Duterte administration in the first three months of 2018, an independent poll revealed Friday. The latest Social Weather Stations survey found 69 ...

6 die in Parañaque fire - 2018-05-11
MANILA, Philippines -- Six persons - two pregnant women and their children - died in a fire that gutted part of an abandoned apartment building in Parañaque City on Wednesday night. Six-year-old Jake Amata and his brother, Jake Angelo Amata, 3, were ...

Captive policewomen alive -- Albayalde - 2018-05-11
ZAMBOANGA CITY, Philippines -- Two policewomen kidnapped by Abu Sayyaf bandits in Patikul, Sulu two weeks ago are still alive, according to Philippine National Police chief Director General Oscar Albayalde. Albayalde said they have secured proof of life ...

Former Chief Justice: Granting quo warranto marks 'doomsday for the judiciary'
CNN Philippines - 2018-05-11
Metro Manila (CNN Philippines, May 11) -- Former Chief Justice Hilario Davide believes the Supreme Court should vote against the quo warranto petition against Chief Justice Maria Lourdes Sereno -- for its own good. "That would be the doomsday for ...

Councilor, village chief killed in Rizal - 2018-05-11
MANILA, Philippines -- A town councilor in Quezon and a barangay chairman in Rizal were shot dead yesterday. Arieo Ilao, 55, councilor of Sariaya town, was at his house in Barangay Sampaloc 2 when two men and a woman, who arrived on a motorcycle, entered.

SolGen faces criminal, administrative charges at the Ombudsman
CNN Philippines - 2018-05-11
Metro Manila (CNN Philippines, May 10) -- The government's top lawyer is facing criminal and administrative charges at the Ombudsman for seeking the ouster of Supreme Court Chief Justice Maria Lourdes Sereno through a quo warranto petition. The ...

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 - 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 - 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 - 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 - 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 - 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 ...

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