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DTI-TIPG lauds opening of Zapateria, cocreation hub for Marikina shoemakers
BusinessMirror - 2018-04-03
DTI Trade and Investments Promotion Group Undersecretary Nora K. Terrado said the opening of Zapateria in Marikina is a significant step in reviving the shoe industry in the country. "This initiative by the private sector plays an important part in ...

Gender-equality score slides-PIDS
BusinessMirror - 2018-04-03
Those in vulnerable employment, he added, are less likely to have formal work arrangements, and are therefore more likely to lack decent working conditions, adequate social security and voice ... which is the second-poorest group in the population ...

Pasta doesn't contribute to weight gain, research review says
Upi.com - 2018-04-03
April 3 (UPI) --When losing weight, people are often urged to cut the amount of carbohydrates in their diet. But a study has found that eating pasta may not contribute to weight gain or extra body fat. Researchers at St. Michael's Hospital in Toronto based ...

Financial analyst, electrician bag SBMA EOY plum
thestandard.com.ph - 2018-04-03
Had Sevillejo failed to produce the documents on time, it would have affected the power subsidy for Hanjin Heavy Industries and Construction-Philippines ... of the Business and Investment Group; Froilan Chester Picazo of the Chairman and Administrator ...

LTFRB to meet with 4th TNC to replace Uber
BusinessMirror - 2018-04-03
Once they complete the requirements, the board could approve their business within a week, and soon after, they could start operating in the Philippines. "When they submit complete requirements, approvals could go for a week," she said. These companies ...

Wenceslao group aims to bag government construction projects
BusinessMirror - 2018-04-03
"We also have our own projects in Aseana, which will be a central business district in the coming years within the huge development encompassing Entertainment City, Mall of Asia, the Philippine Senate and various other developments," he said. The ...

Amazon does big business with Trump's government
CNN Money - 2018-04-03
President Donald Trump seems to be preparing for a war with Amazon. But Trump's government is one of Amazon's biggest customers. Amazon (AMZN), through its massive Amazon Web Services cloud computing division, has a deal with the government to provide ...

US firms hope digitalization will maximize FTA
BusinessWorld - 2018-04-03
US businesses hope to maximize a possible Free Trade Agreement (FTA) between Washington and Manila by pushing for seamless digital channels for trade, a member of the US-ASEAN Business Council said. "What we would be looking for mainly is a free and open ...

Lending to MSMEs approaches P1 billion
BusinessWorld - 2018-04-03
LOANS issued to small businesses surged in 2017 to nearly P1 billion, the Bangko Sentral ng Pilipinas (BSP) said, with lending supported by new rules on credit surety which took effect last year. In its annual report, the central bank said some P952.2 ...

Solomonic solution
BusinessMirror - 2018-04-03
He said: "I agree with a phased rehabilitation. Anyway, construction can be done in phases just like in an operating business to keep it running. Also, why penalize law abiding ones?" Calling Boracay a "cesspool," President Duterte earlier ...

Competition Matters
BusinessMirror - 2018-04-03
Commission decisions that are not evidence-based could introduce uncertainty in the business environment and leave an impression of regulatory capture. Decision-making must abide by scientific and legal standards to ensure a robust case. The Commission is ...

Developers urged to invest in Davao City
BusinessMirror - 2018-04-03
"Per some of our foreign hotel operators who are currently situated here, they said that the most profitable hotel business in the whole Asia is currently the Philippines. So take advantage of the robust and booming demand for hotel rooms, especially in ...

Trump's latest tweet takes down Amazon stock and the Nasdaq
CNN Money - 2018-04-03
At 9:54 a.m., Amazon's stock was up 1.4%. A minute later, President Trump tweeted his latest attack on Amazon, arguing that it should pay "many billions of dollars" more to the US Postal Service. Eleven minutes later, Amazon's stock had fallen into the red ...

National security as a common ground in mining
BusinessWorld - 2018-04-03
Further, the authors correctly point out some major private sector challenges in mining, thus: "Weaknesses in resource management, questions on fair share of mining revenues, and high business costs ... of the infrastructure programs, coupled with ...

Pampanga judge inhibits from Jee Ick-joo kidnap-slay case
CNN Philippines - 2018-04-03
Metro Manila (CNN Philippines, April 3) -- The Pampanga regional trial court (RTC) judge hearing the kidnapping and murder cases of slain South Korean businessman Jee Ick-joo has inhibited himself from the proceedings. Judge Irineo Pangilinan Jr. of the ...

Philippines anti-trust regulator starts review of Grab-Uber deal
Yahoo Finance - 2018-04-03
MANILA (Reuters) - The Philippines' anti-trust agency said on Tuesday it has started a review of Uber Technologies' deal to sell its Southeast Asian business to ride-hailing rival Grab. The Philippine Competition Commission said in a statement it has ...

Megaworld to raise funds via offshore debt market
BusinessMirror - 2018-04-03
MEGAWORLD Corp., the property-development arm of businessman Andrew Tan, is tapping the offshore market to raise funds. In its disclosure to the Philippine Stock Exchange, the company said it is mandating J.P. Morgan as its sole bookrunner to arrange a ...

Supreme Court orders SolGen Calida to submit drug war records
CNN Philippines - 2018-04-03
Metro Manila (CNN Philippines, April 3) - The Supreme Court has ordered the government's top lawyer to submit documents on the drug war, it announced on Tuesday. The court denied the motion of Solicitor General Jose Calida to withhold submission of the ...

Loans to small cooperatives hit nearly P1 billion in 2017 -- BSP
BusinessWorld - 2018-04-03
Loans granted to small business cooperatives surged in 2017 to reach almost P1 billion, data from the Bangko Sentral ng Pilipinas (BSP) showed, supported by new rules which took effect last year. The central bank said some P952.2 million loans were ...

Gov't negotiating with China-led consortium to rebuild Marawi; initial cost at ?17-B
CNN Philippines - 2018-04-03
Anhui Huali Construction Group Co. Ltd., China Geo Engineering Corp., TBEA Co. Ltd., and Shandong Jinyuan Homes Industry Development Co. Ltd. Local firms in the consortium are Future Homes Philippines Inc., A Brown Company Inc., H.S. Pow Construction and ...

Displaced Meranaw folks want to return to Marawi for good, not just visit their homes
Bulatlat - 2018-04-03
The military and a medical team from the Marawi city government will also be present to protect the security and health safety of residents." Reposted by

Lyrids meteor shower to peak on April 22
CNN Philippines - 2018-04-03
Metro Manila (CNN Philippines, April 3) -- Filipinos will get to enjoy another night under the stars with the upcoming Lyrids meteor shower. The Philippine Atmospheric Geophysical Astronomical Services Administration (PAGASA) said the peak of the meteor ...

Demafelis family won't settle for blood money
CNN Philippines - 2018-04-03
Metro Manila (CNN Philippines, April 3) -- The family of slain overseas Filipino workers Joanna Demafelis will fight until the end to bring justice for her death. Joanna's brother, Joejet Demafelis, said they will reject any offer of blood money or ...

Budget chief: Boracay shutdown in April 'too soon'
CNN Philippines - 2018-04-03
They're not ready yet." The Budget Secretary's sentiments run contrary to a recommendation by the Departments of Interior and Local Government, Environment and Natural Resources, and Tourism. The three departments pushed for a total closure running for six ...

Wall Street to Trump: No trade wars. And lay off Amazon
CNN Philippines - 2018-04-03
The Dow fell 459 points and the Nasdaq plunged almost 3%. The stock slump also spread to Asia, with Japan's benchmark Nikkei index sliding more than 1% on Tuesday morning. Trump's repeated and vociferous attacks on Amazon unnerved investors because they ...

Two deaths, 54 other cases of severe bleeding tied to fake weed in Illinois
CNN Philippines - 2018-04-03
(CNN) -- Synthetic cannabinoids -- often called Spice, K2 or fake weed -- have been tied to 56 cases of severe bleeding, including two deaths, across Chicago and areas in central Illinois ... at the Northwestern University Feinberg School of Medicine ...

STUDY: Being optimistic is good for your heart
TechnoChops - 2018-04-03
People find varying responses to the big question "Why be optimistic in life?" A recent study that surveyed over 4,900 people with Latino/Hispanic ancestry living in the U.S. supported the theory that cardiac-related health effects can be reaped from ...

Philippines starts vote recount in Marcos son's contest for vice presidency
Business Insider - 2018-04-02
Ferdinand Marcos Jr, a former senator popularly known as Bongbong, is furious about having lost to Leni Robredo by about 260,000 votes in a May 2016 election he says was marred by massive cheating. Many political commentators believe Marcos has ambitions ...

Apple plans to replace Intel chips in Macs with its own from 2020: Bloomberg
Reuters - 2018-04-02
(Reuters) - Apple Inc (AAPL.O) is planning to use its own chips in Mac computers beginning as early as 2020, replacing processors from Intel, Bloomberg reported on Monday, citing people familiar with the matter. Intel shares were down 8.9 percent at $47.45.

Trump continues his Twitter war with Amazon and the stock is sinking
Business Insider - 2018-04-02
President Trump attacked Amazon once again in a tweet on Monday. It was the third time in the past week that the president went after Amazon. Trump slammed the online retailer for its relationship with the US Postal Service and its effects on retailers.

Apple Could Be on a Hiring Spree to Boost Siri's Appeal
Fortune - 2018-04-02
Apple is in the hunt for employees with a knack for building smarter virtual personal assistants. The tech giant has 161 openings currently for jobs related to its virtual personal assistant Siri, job-tracking company Thinknum has reported. In a statement ...

Silicon Valley, Wall Street taking notes on Spotify debut
Business Insider - 2018-04-02
NEW YORK (Reuters) - Spotify Technology SA's unusual route to becoming a public company is a test case for other multibillion-dollar tech companies that are looking to sell their shares but are not in need of cash. On Tuesday, investors will be able to buy ...

Mark Zuckerberg just laid out Facebook's role in reported 'ethnic cleansing' in Myanmar
Business Insider - 2018-04-02
Mark Zuckerberg laid out Facebook's role in the ethnic cleansing of Myanmar's Rohingya in an interview published on Monday with Vox. Zuckerberg said that both Buddhists and the Rohingya were being incited towards violence in messages sent on the website.

People Are Wearing Blue Today for Autism Awareness Day
YAHOO! - 2018-04-02
April 2 is World Autism Awareness Day, and people are wearing the color blue to raise awareness for the developmental disorder. World Autism Awareness Day is an internationally recognized event when the United Nations reaffirms its "commitment to promote ...

Researchers discover way to disarm gonorrhea superbug
Upi.com - 2018-04-02
April 2 (UPI) --Researchers in Australia have discovered how the gonorrhea bacteria evades the immune system, which may lead to way for allowing the body's natural defenses to kill the bug. Monash Biomedicine Discovery Institute researchers studied how the ...

Upstate creamery ordered to halt operations after being linked to Listeria outbreak
New York Daily News - 2018-04-02
A court ruled Friday, March 30 that an upstate company that produces raw milk cheese products must cease production of goods, until it complies with food safety regulations. The U.S. District Court for the Northern District of New York ordered Vulto ...

Does It Matter That Intel And Facebook CEOs Sold Stock During A Crisis?
Forbes - 2018-04-02
When a company is in the midst of a crisis, the last thing you want to find out is that the CEO is selling his stock. Recently, Intel and Facebook have each been caught up in separate crises during which their CEOs sold stock. After looking into both ...

Tesla making 2,000 Model 3s per week: report
Reuters - 2018-04-02
(Reuters) - Tesla Inc (TSLA.O) will fall short of its 2,500 per week target for production of the crucial Model 3 sedan when it reports its numbers this week, according to a report by tech website Jalopnik, citing an email from Chief Executive Officer Elon ...

Cambridge Analytica: The bad poster-child for data misuse
ZDNet - 2018-04-02
The data breach at Facebook, perpetrated by Cambridge Analytica, has sent shockwaves throughout Facebook users. Communication strategist Brian Reich, of Little M Media, tells TechRepublic's Tonya Hall, "Over time, as we've gotten more conscious of privacy ...

Mark Zuckerberg hits back at Tim Cook
CNN Philippines - 2018-04-02
(CNN Money) -- Mark Zuckerberg is firing back at Tim Cook. The Facebook CEO defended his company's business model in an interview published by Vox on Monday, arguing that recent criticism from his counterpart at Apple was unfounded. Cook recently called ...

Winning or losing?
thestandard.com.ph - 2018-04-02
Bribe money is distributed during these meetings. I covered Customs for many years when I was still business editor of Philippines Herald. I know how it goes at Customs. So long as there are corrupt officials and employees, there will be brokers and ...

Bring the party playlist along with an Amazon's Choice Sony Bluetooth speaker on sale
Mashable - 2018-04-02
Heads up: All products featured here are selected by Mashable's commerce team and meet our rigorous standards for awesomeness. If you buy something, Mashable may earn an affiliate commission. Your fire party playlist deserves to be blasted at a moment's ...

Factory activity picks up despite inflation
BusinessWorld - 2018-04-02
A PMI reading above 50 suggests improvement in business conditions, while a score below that signals deterioration. The Philippine reading in March signaled "further improvement in the health of the sector," report read, with rate of output growth ...

Moody’s says overheating farfetched; FMIC, UA&P see Q1 growth past 7%
- 2018-04-02
By Melissa Luz T. Lopez Senior Reporter THE PHILIPPINE ECONOMY is far from overheating, with growth poised to clock faster even as inflation quickens further, according to a global debt watcher and a monthly analysis released on Monday. Moody’s Investors Service allayed fears that the Philippine economy could overheat, noting that growth can be expected …

Duterte gives land titles to farmers; says land reform to continue 'with or without' talks with communists
CNN Philippines - 2018-04-02
Metro Manila (CNN Philippines, April 2) -- President Rodrigo Duterte assured farmers land reform would be implemented whether or not peace talks are revived. Duterte said this at an event in Sultan Kudarat where he distributed Certificates of Land ...

MetroPac Water gains a foothold in Vietnam
BusinessWorld - 2018-04-02
MPIC is one of three Philippine units of Hong Kong-based First Pacific Co. Ltd., the others being PLDT, Inc. and Philex Mining Corp. Hastings Holdings, Inc. -- a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc. -- maintains ...

AboitizPower creates company for solar rooftop business
BusinessWorld - 2018-04-02
ABOITIZ POWER CORP. developed a 59-megawatt peak San Carlos Sun Power, Inc. project in San Carlos City, Negros Occidental. -- ABOITIZPOWER ABOITIZ Power Corp. (AboitizPower) is entering the solar rooftop business and has put up a new company that is ...

What New Clark City can learn from Putrajaya
BusinessWorld - 2018-04-02
and resilient New Clark City (NCC)," Bases Conversion and Development Authority Senior Vice-President for Business Development and Operations Group Joshua M. Bingcang said in a recent statement. For now, the Philippine company said it will still continue ...

BSP targets to roll out clearing house for electronic transactions this month
BusinessWorld - 2018-04-02
Currently, banks signed up under PESONet carry out one batch run daily, which allows them to credit fund transfers by the end of the banking day to the intended recipient. BSP Governor Nestor A. Espenilla, Jr. previously said the central bank has been ...

BPI sets pricing, terms for stock rights offering
BusinessWorld - 2018-04-02
BANK of the Philippine Islands (BPI) has set the final terms for its ... to fund its loan portfolio expansion as well as to fully acquire its credit card arm Metrobank Card Corp. from ANZ Funds Pty. Ltd. Meanwhile, Rizal Commercial Banking Corp. plans ...

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