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Philippines to close Boracay island to tourists for six months
YAHOO! - 2018-04-05
Philippine President Rodrigo Duterte has ordered the shutdown ... The Boracay Foundation Inc., a business association on the island, had asked the government to shut down only those violating environmental laws. "It's unfair for compliant establishments ...

Biotech tomato can help decrease hypertension
BusinessMirror - 2018-04-05
Through genetic engineering, the team extracted the desired protein from amaranth (more popularly known in the Philippines as kulitis), expressed it into tomato, and fed the GE tomatoes to hypertensive rats in the laboratory. What followed next was a ...

Philippine inflation continues to rise at 4.3% in March
Rappler - 2018-04-05
Higher annual rates were noted for food and non-alcoholic beverages; alcoholic beverages and tobacco; housing, water, electricity, gas, and other fuels; furnishing, household equipment, and routine maintenance of the house; health; communication ...

Airlines cut back flights as Philippine holiday hotspot prepares for closure
Business Insider - 2018-04-05
MANILA (Reuters) - A decision by the Philippines to close the holiday hotspot of Boracay, which President Rodrigo Duterte has called a "cesspool", prompted airlines Thursday to cut back flights to the island, while business groups called for the decision ...

Baleen Whales Intermingled as They Evolved, and Share DNA With Distant Cousins
The New York Times - 2018-04-05
For years, scientists have disagreed about which species of baleen whale came first, and how the toothless species were related. Body structure suggested one set of relationships; molecular data suggested another. Now, researchers in Germany and Sweden ...

Duterte appoints official linked to drug shipment mess as Customs assistant commissioner
CNN Philippines - 2018-04-05
Metro Manila (CNN Philippines, April 5) -- President Rodrigo Duterte appointed former Manila International Container Port district collector Vincent Philip Maronilla, who was previously accused of accepting bribes in the P6.4 billion worth shabu shipment ...

Airlines Cut Back Flights as Philippine Holiday Hotspot Prepares for Closure
The New York Times - 2018-04-05
said Thursday that the closure would have a significant impact on its financial health, citing the resort's large contribution to revenue. The company's shares dropped 7.5 percent on Thursday. The Philippine tourism minister, Wanda Teo, said Thursday that ...

The UK data regulator is investigating Facebook and 29 other companies over the misuse of political data
Business Insider - 2018-04-05
The UK data regulator, is investigating Facebook and 29 other companies over the use of data in political campaigns. The Information Commissioner's Office is also investigating Cambridge Analytica after the research firm obtained tens of millions of ...

Joma: Duterte's demands should be brought to negotiating table
CNN Philippines - 2018-04-05
Metro Manila (CNN Philippines, April 5) -- The chief political consultant of the National Democratic Front (NDF) said the demands of President Rodrigo Duterte should be brought to the negotiating panel in the peace talks. "I think the proper place for ...

Sereno wants 4 associate justices to inhibit from quo warranto proceedings
CNN Philippines - 2018-04-05
Metro Manila (CNN Philippines, April 4) - Chief Justice on-leave Maria Lourdes Sereno is seeking the inhibition of four of her colleagues from any Supreme Court (SC) proceedings in the quo warranto petition filed by Solicitor General Jose Calida.

Philippines approves 6-month closure of Boracay tourist island from April
Business Insider - 2018-04-05
Philippine Airlines said it will scale down its services to Caticlan and Kalibo airports, the gateways to Boracay, for six months from April following the government's decision. It will expand flights to other tourist and provincial destinations in the ...

Asian shares mixed as markets mull US tariffs list for China
Business Insider - 2018-04-05
Some major Asian indexes meandered between gains and losses. Shares fell in Singapore, Thailand and the Philippines but rose in Indonesia. TARIFF TENSIONS: In the latest salvo escalating the U.S.-China trade dispute, the Trump administration proposed 25 ...

Facebook says up to 87 million users may have had their data leaked to Cambridge Analytica
Business Insider - 2018-04-04
The number of Facebook users whose data was illegitimately leaked to data research firm Cambridge Analytica was potentially up to 87 million, the company said on Wednesday. That's much bigger than the company's original estimate; previously, it said up to ...

Every store, business, and retailer that has been recently hacked
Mashable - 2018-04-04
Every product here is independently selected by Mashable journalists. If you buy something featured, we may earn an affiliate commission which helps support our work. If you're a person in the world in 2018, there are probably two words you remain in ...

Thousands of Google employees asked CEO Sundar Pichai to stop providing AI tech for the US military's drones
Business Insider - 2018-04-04
Thousands of Google employees signed a letter to CEO Sundar Pichai urging the company to end a controversial contract with the US Department of Defense. The contract, which was first revealed in March, involves Google AI technology and military drones.

Apple hires former Google executive as AI chief
Reuters - 2018-04-04
(Reuters) - Apple Inc has hired a prominent artificial intelligence executive who recently left Google in a bid to boost its Siri voice assistant and other offerings powered by the technology. Apple confirmed that John Giannandrea, who previously served as ...

Milky Way center may host 13 black holes - 2018-04-04
April 4 (UPI) --Models predict the supermassive black holes found at the center of most galaxies will be surrounded by a sizable population of smaller black holes. But, until now, astronomers haven't been able to find extra black holes at the center of the ...

Stem cell transplant shows promise for macular degeneration - 2018-04-04
WEDNESDAY, April 4, 2018 -- A new stem cell transplant might help preserve or even restore vision being lost to the dry form of age-related macular degeneration, a new pilot clinical trial has shown. In the experimental therapy, a specially engineered ...

Mysterious 'World Changing' Deal Makes Verge The New Sexy Crypto
Forbes - 2018-04-04
Verge is...on the verge. Of something. Nobody knows. But whatever it is, it has the cryptocurrency gamblers throwing money at what has now become a billion dollar company. The Verge (XVG) coin rose 66% on Tuesday, the biggest mover of the top 50 traded ...

Indie game publishers are the new indie rock labels
The Verge - 2018-04-04
Each offers something slightly different, but they all have the same overarching goal in mind: to make sure developers can focus on making games without having to worry too much about the business side of things. "I think every artist would like some ...

FDA Orders An Unprecedented Recall After Kratom Company Ignored Its Requests
NPR - 2018-04-04
Citing salmonella concerns, the Food and Drug Administration has issued a mandatory recall for kratom products made by a Las Vegas company -- and the federal agency says it's the first time it has ever taken such an action after a company ignored a ...

YouTube Shooting Suspect Nasim Aghdam: What We Know Know So Far
YAHOO! - 2018-04-04
The woman identified by police as the shooter at YouTube headquarters -- leaving three people wounded before killing herself -- had a history of railing against the video giant. Nasim Aghdam, the 39-year-old woman San Bruno police say carried out the ...

Woman refuses to snitch on her new buddy: Marvin the 7-Eleven lizard
Mashable - 2018-04-04
As a tried and true Floridian, I can tell you that spotting lizards in areas where most people would not expect is typical of the great state. Kristen Arnett can attest to this. SEE ALSO: Dancer rides white horse onto nightclub floor, chaos ensues in ...

Bats to blame for pig-killer virus in China: study
YAHOO! - 2018-04-04
Paris (AFP) - A mystery germ that killed nearly 25,000 piglets in China in 2016/17, came from horseshoe bats, the same species that gave us the deadly human SARS virus, researchers said Wednesday. The finding, based on genetic analysis, underlined the ...

A Novel Virus Killed 24,000 Piglets In China. Where Did It Come From?
NPR - 2018-04-04
When the newborn piglets first started getting sick in October 2016, farmers in China's Guangdong province suspected porcine epidemic diarrhea virus (PEDV) -- a disease they'd seen in the pigs before. And, at first, the tests did come back positive for PEDV.

Ivanka Trump Tried to Bribe Planned Parenthood
YAHOO! - 2018-04-04
The CEO of Planned Parenthood, Cecile Richards, has written a new memoir, and it details the meeting she had with Ivanka Trump and Jared Kushner regarding the future of the organization. It was previously reported that Trump had suggested that "Planned ...

Center Of The Milky Way Has Thousands Of Black Holes, Study Shows
NPR - 2018-04-04
The supermassive black hole lurking at the center of our galaxy appears to have a lot of company, according to a new study that suggests the monster is surrounded by about 10,000 other black holes. For decades, scientists have thought that black holes ...

Should Parents Be the Ones to Introduce Teens to Alcohol?
Medscape - 2018-04-04
Approaches to alcohol consumption by adolescents vary among developed countries. Available data are unclear on whether parental provision of alcohol in social settings is a risk factor for alcohol misuse or alcohol disorders in adolescents as they age.

S&P sees gradual tax reform benefits
BusinessWorld - 2018-04-04
"We are now looking at a second package in terms of corporate tax reforms, but we are likely to see that implemented as early as next year. The credit rater expects Philippine gross domestic product (GDP) to expand by 6.5% this year. If ...

GT Capital looking for strategic global partner as it considers expanding into new sectors
BusinessWorld - 2018-04-04
"If we do make a major investment in a new sector, part of the business model requires a strategic global partner," Mr. Bautista said. GT Capital has tapped the expertise of dominant global players to support its foray into new businesses such as ...

Emperador earnings hit P6.3 billion
BusinessWorld - 2018-04-04
Revenues rose 4% to P42.6 billion last year, rebounding from the 6% decline to P41.01 billion in 2016. While the domestic business continues to be weighed by the challenging business landscape, Emperador said the international business led by the Scotch ...

Poll: CEOs see technology disrupting businesses, but few willing to invest
BusinessWorld - 2018-04-04
MOST chief executives globally are putting a premium on investing in core business technologies to facilitate their digital transformation despite the emergence of new disruptive technologies such as artificial intelligence, augmented reality and blockchain.

Cimatu unleashes P500-billion economic potential of PAs
BusinessMirror - 2018-04-04
which charges a minimal fee of less than 3 percent of the value of the land to locators doing business within the PAs. The study said charging merely an additional 1 percent of the minimum allowable fees for rent or lease of the land within PAs based on a ...

Stopping counterfeit drugs in their tracks in the Philippines
World Finance - 2018-04-04
With the latest saga in the counterfeit pharmaceutical industry concerning fake paracetamol, the Philippines finds itself facing a public health crisis The World Health Organisation estimates that counterfeit medicine accounts for 10 percent of a $300bn ...

Duterte orders forging of ceasefire deal ahead of talks
CNN Philippines - 2018-04-04
Metro Manila (CNN Philippines, April 4) - President Rodrigo Duterte directed officials to work on a ceasefire deal with communist rebels to pave the way for the resumption of peace talks. In a message sent to the media, Presidential Adviser on the Peace ...

LGU imposes ban on new Boracay structure
CNN Philippines - 2018-04-04
Metro Manila (CNN Philippines, April 4) -- No new structures will be built in Boracay island until September 13. The government of Malay town in Aklan province set a ban on new buildings for six months beginning March 13. Malay has jurisdiction over Boracay.

Makati allots P8.4b to health, education, social services - 2018-04-04
Acting City Treasurer Jesusa Cuneta said actual revenues from Business Tax reached P4.25 billion, or 48 percent of annual target, while Real Property Tax raked in P3.69 billion, achieving 80 percent of target for the year. Major health initiatives of the ...

AFP plans biz protection oplan vs NPA offensives
Davao Today - 2018-04-04
He proposed that instead of destroying properties, the NDFP should allow progress and parallel ... "The semifeudal and semi-colonial social system has been with us for more than a century. Our people have suffered so much despite the good intentions ...

Regardless of base year, forecast inflation seen higher in March
BusinessMirror - 2018-04-04
Health may settle at 2.12 percent lower than the 2.15 percent in the previous month, and the 3.32 percent in March last year. The price of transportation was seen to reach 4.54 percent, lower than the 5.76 percent in February and the 5.72 percent in March ...

Tax-evasion incidence keeps piling up-Dulay
BusinessMirror - 2018-04-04
Consolacion is the proprietor of North Med Enterprises with business address at the Centro Building, Lingsat, San Fernando City, La Union, and is engaged in the wholesale or retail of pharmaceutical supplies and products. According to the BIR, Consolacion ...

Emperador income slid 18% last year to P6.3 billion on higher cost, forex losses
BusinessMirror - 2018-04-04
Our premiumization efforts and our strategy to grow our business worldwide are under way. We are excited about the prospect of these initiatives," company president Winston Co said in a statement. This year its Dalmore flagship store at Uptown Bonifacio ...

World Bank study seen to bare real score on jobs in Mindanao
BusinessMirror - 2018-04-04
The report was done in partnership with the Philippine Business for Social Progress (PBSP), according to the MinDA. The consultation and validation rounds were conducted among different sectors, including government, business, labor, academe, civil society ...

Tourism, casinos, and Boracay
BusinessWorld - 2018-04-04
However you look at it, the move is bad for Philippine business, bad for ordinary Filipinos. Bienvenido S. Oplas, Jr. is President of Minimal Government Thinkers, a member-institute of Economic Freedom Network (EFN) Asia.

Sarah G ready to rock the Big Dome - 2018-04-04
Pop star Sarah Geronimo is celebrating her 15th year in the business with an explosive concert entitled This 15 Me happening at the Araneta Coliseum on April 14. Produced by Viva Live, the concert and events subsidiary of Viva Communications, the concert ...

Metro Pacific finalizing deal to acquire a minority stake in Air21 of Lina Group - 2018-04-04
"The Lina Group is in talks with them. So far we are still talking," Lina said. Metro Pacific made initial foray into the logistics business in 2016 when it acquired the assets of mid-sized corporate logistics provider Basic Logistics for P2.17 billion ...

Duterte to pursue peace talks with reds in replacement of revolutionary tax
BusinessWorld - 2018-04-04
In fact, the 2018 national budget has provided funding for free public tertiary education and additional funding for our state universities and colleges, free health care services in government hospitals, free irrigation services for small farmers ...

Vista Land allots P50-billion to fund 2018 expansion - 2018-04-04
Vista Land & Lifescapes Inc. earmarked a record P50 billion in capital expenditures this year, up 34 percent from P37.4 billion spent last year, as the company plans to aggressively expand its leasing portfolio. Vista Land president and chief executive ...

Fostering stronger MEX-PHL ties
BusinessMirror - 2018-04-04
Complementary, Philippine companies like ICTSI Inc. and Integrated Micro Electronics have invested in Mexico $450 million. However, our countries have not yet fully exploited mutually beneficial opportunities of political and economic cooperation.

Jollibee set to appeal DOLE order regularizing workers
CNN Philippines - 2018-04-04
Metro Manila (CNN Philippines, April 4) - Fast food giant Jollibee Foods Corporation (JFC) is set to appeal on the order of the Department of Labor and Employment (DOLE) to regularize some 6,000 of its workers. In a statement sent to CNN Philippines on ...

Phoenix Petroleum revenue grew 45% to P44.43 billion in 2017
BusinessMirror - 2018-04-04
Other industry players captured 45.4 percent of the market. These include PTT Philippines, Total Philippines, Seaoil Philippines, TWA Inc., Phoenix, Liquigaz, Prycegas, Micro Dragon, Unioil, Isla Gas, Jetti, Eastern Petroleum, JS Union, JS Philippines Corp ...

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