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Rising consumer prices to stabilize by 2019, says BSP
Inquirer - 2018-03-06
It may get worse before it gets better. The central bank on Tuesday said that the pace of increases in the prices of goods and services in the country will likely remain high for the rest of the year before normalizing in 2019 once so-called ...

Peza: Higher imports in 2017 seen as hedge vs tax on local supplies
Inquirer - 2018-03-06
Imports made by Peza-registered companies grew to more than P2 trillion last year partly because of worries that the Philippine administration might start charging more for local purchases, a top official said. Data from the Philippine Economic Zone ...

Palace thanks EU for ?240M drug rehab aid
CNN Philippines - 2018-03-06
Metro Manila (CNN Philippines, March 5) -- The Palace expressed its gratitude to the European Union (EU) after it offered ?243.35 million (EUR3.8 million) to fund drug rehabilitation centers. Presidential Spokesperson Harry Roque said President Rodrigo ...

Umali: Quo warranto petition, impeachment mark 'end of the road' for CJ Sereno
CNN Philippines - 2018-03-06
Metro Manila (CNN Philippines, March 5) -- With a looming impeachment trial and an ouster petition before the Supreme Court (SC), House Justice Committee chair Reynaldo Umali said Chief Justice Maria Lourdes Sereno has nowhere else to run. "Hindi ko ...

DOH rejects PAO's request for Dengvaxia masterlist
CNN Philippines - 2018-03-06
Metro Manila (CNN Philippines, March 5) -- The Health Department is not entertaining the Public Attorney's Office's (PAO) request for the masterlist of Dengvaxia-vaccinated children. This, after the National Privacy Commission (NPC) advised the Department ...

Lacson: Let SC resolve quo warranto case vs Sereno
Philippine Daily Inquirer - 2018-03-06
Exercising "supreme prudence," Senator Panfilo Lacson said he was leaving it to the High Court to decide on the quo warranto petition filed against Chief Justice Maria Lourdes Sereno. "This issue involves the highest court of the land ... no less ...

Palace to pursue fresh cases vs ex-DOTC execs over MRT-3 mess
Philippine Daily Inquirer - 2018-03-06
New cases may be filed against former officials of the erstwhile Department of Transportation and Communications (DOTC) over the sorry state of the Metro Rail Transit-3 (MRT-3), Malacañang said Tuesday. Presidential Spokesperson Harry Roque said that ...

Inflation rises to 3.9 percent in February - PSA
Inquirer - 2018-03-06
Consumer prices further rose at a faster pace in February as prices of food and beverage as well as "sin" products continued to increase partly as a result of the first tax reform package. In a report Tuesday, Philippine Statistics Authority (PSA) data ...

Living luxuriously and sustainably in Botanika Nature Residences by Filigree
CNN Philippines - 2018-03-06
Inside the units themselves is a whole new experience. Each unit is endowed with incomparable finishes, the finest craftsmanship available, and breathtaking views of Filinvest City's landscape and the Alabang skyline. The feeling of splendor becomes ...

WeChat will struggle to add users after hitting 1 billion
CNN Money - 2018-03-06
China's most popular social media app has amassed 1 billion users. But it's going to have trouble attracting another billion. WeChat's number of monthly active users popped above the milestone during the Lunar New Year holiday in February, its parent ...

D&L sees double-digit 2018 profit growth
Inquirer - 2018-03-06
Chemical and food ingredient manufacturer D&L Industries Inc. grew its net profit last year by 10.6 percent to P2.9 billion, a pace of growth seen to be sustained this year on the back of a favorable macroeconomic backdrop. "We rounded off 2017 with ...

Inside the war between Spotify and Apple
CNN Philippines - 2018-03-06
(CNN) -- When Spotify launched in 2008, Ken Parks heard one question again and again from journalists and investors: Why wouldn't Apple just kill this thing while it's still in the cradle? Parks, the chief content officer at Spotify from its founding ...

PSA reports robust manufacturing growth in January
- 2018-03-06
THE year started with robust manufacturing output growth as production in 13 major sectors jumped double digits in January, the government reported Tuesday.

Gov't agency slams TV network: 'Bagani' show misleads Filipinos
CNN Philippines - 2018-03-06
Metro Manila (CNN Philippines, March 6) -- The government agency that is tasked to protect indigenous peoples has criticized a TV network for its misleading use of the cultural term "Bagani" for its show. The National Commission on Indigenous Peoples ...

Philippines named best country to invest in
CNN Philippines - 2018-03-06
Metro Manila (CNN Philippines, March 6) -- The Philippines ranked first in a U.S. report's list of the "Best Countries to Invest In" for 2018. The U.S. News and World Report said the Philippines has been performing well in terms of foreign direct ...

Washington becomes first state to pass law protecting net neutrality
CNN Money - 2018-03-06
Washington state has a new law to protect net neutrality at a time when the feds are getting rid of it. In a bipartisan effort, the state's legislators passed House Bill 2282. which was signed into law Monday by Gov. Jay Inslee. "Washington will be the ...

Philippines February Inflation at 3.9 Percent Under Rebased Index
The New York Times - 2018-03-06
MANILA -- The Philippines's February inflation stood at 3.9 percent ... faster than the median forecast of 4.2 percent in a Reuters poll, but within the central bank's 4.0-4.8 percent projection for that month. Core inflation under the non-rebased index ...

Stricter rules, penalties versus 'nakaw load'
CNN Philippines - 2018-03-06
Metro Manila (CNN Philippines, March 5) -- The government is preparing to impose stricter rules and penalties against those behind 'nakaw load' or the so-called "disappearing cellphone loads." During Monday's Senate hearing, National Telecommunications ...

Trump says tariffs will come off if new NAFTA deal is signed
CNN Philippines - 2018-03-06
(CNN) -- President Donald Trump on Monday dangled the possibility of lifting the new steel and aluminum tariffs he's imposed if NAFTA is renegotiated to terms more favorable to the U.S. "We have large trade deficits with Mexico and Canada. NAFTA, which is ...

Philippine gov't asks Supreme Court to expel chief justice
Business Insider - 2018-03-06
MANILA, Philippines (AP) -- The Philippine government's legal counsel asked the Supreme Court on Monday to expel the chief justice for allegedly not declaring her assets, in a new attempt to remove the nation's judicial leader. Chief Justice Maria Lourdes ...

SolGen asks SC: Kick out Sereno
Philippine Daily Inquirer - 2018-03-05
Solicitor General Jose Calida did what Speaker Pantaleon Alvarez suggested a week ago -- bring the fight against Chief Justice Maria Lourdes Sereno to the Supreme Court. Calida filed a quo warranto petition in the Supreme Court on Monday to seek Sereno ...

Palace defends joint exploration plan
Global Nation - 2018-03-05
It is not unusual for countries to enter into joint exploration agreements covering exclusive economic zones (EEZ) even if conflicting claims are involved, Malacañang said on Monday as it continued to defend its plan to team up with China to explore areas ...

Major shakeup looms over DOH for Dengvaxia mess
Philippine Daily Inquirer - 2018-03-05
The looming reshuffle at the Department of Health (DOH) will affect not only those officials linked to ongoing investigations and controversies. Health Secretary Francisco Duque III said even those who were not implicated in cases filed by different ...

Group submits $12-B Sangley airport bid
Inquirer - 2018-03-05
Taipan Henry Sy Sr. and businessman Wilson Tieng submitted a proposal to build a $12-billion (about P623 billion) international air gateway in Sangley, Cavite, as the Duterte administration called on business groups to support its multi-airport strategy ...

Antitrust body raises M&A threshold values
Inquirer - 2018-03-05
The Philippine Competition Commission (PCC) has raised the thresholds for mergers and acquisitions (M&As) that require notification, updating the requirements to keep pace with recent developments in the economy. In its Memorandum Circular No. 18-001 ...

February inflation seen at 4.1%
Inquirer - 2018-03-05
The higher excise tax rates slapped on "sin" products such as cigarettes at the start of the year pushed inflation faster in February to possibly hit a more than three-year high of 4.1 percent, the Department of Finance said Monday. "Food and nonfood ...

Group pushes liberalized rice imports
Inquirer - 2018-03-05
A group of prominent economists urged Malacañang to fully liberalize rice trade in the country, especially at this time that prices of the household staple are surging past reasonable levels, thereby hurting the poor. The Foundation for Economic Freedom ...

Is America Getting Ready to Rejoin the TPP?
YAHOO! - 2018-03-05
Chilean President Michelle Bachelet told the Nikkei Asian Review in late February that the CPTPP ... CPTPP could soon be joined by the likes of Thailand, Indonesia and the Philippines, as well as Taiwan and South Korea. Peterson Institute for International ...

Trillanes warns SC judges: Removing Sereno unconstitutional
Philippine Daily Inquirer - 2018-03-05
Sen. Antonio Trillanes IV on Sunday cautioned Supreme Court justices who reportedly wanted to remove Chief Justice Maria Lourdes Sereno that they themselves could be impeached. In a statement, Trillanes said it would be unconstitutional to remove Sereno ...

Solon calls for Sereno resignation to prevent Constitutional crisis
Philippine Daily Inquirer - 2018-03-05
A lawmaker has urged Chief Justice Maria Lourdes Sereno to resign and prevent a constitutional crisis from happening in light of the impeachment case and quo warranto petition against her. In a forum on Monday, Ako Bicol Rep. Rodel Batocabe said a ...

SC employees gird for anti-CJ rally
Philippine Daily Inquirer - 2018-03-05
The flag-raising ceremony at the Supreme Court on Taft Avenue in Manila on Monday may turn into a "reverse show of force" for embattled Chief Justice Maria Lourdes Sereno, two court sources told the Inquirer on Sunday. Court employees unhappy with ...

Japan car giants team up to build hydrogen stations
Philippine Daily Inquirer - 2018-03-05
Top Japanese carmakers said on Monday they were teaming up to nearly double the amount of hydrogen stations in Japan, as the car-mad country seeks to head off competition from China and Germany. Toyota, Nissan and Honda formed a joint venture with major ...

233 Million Reasons Bitcoin And A Few Other Digital Currencies Will Win Survival Of The Fittest
Forbes - 2018-03-05
There are over 1,500 digital currencies per coinmarketcap.com, with Bitcoin having the largest market cap at $200 billion. Ethereum, Ripple, Bitcoin Cash and Litecoin have market caps starting at $85 billion and dropping to $12 billion. The next 20 have ...

2 men die in landslide in Anda town in Bohol
Philippine Daily Inquirer - 2018-03-05
TAGBILARAN CITY, Bohol -- Two persons were buried in a landslide on Monday afternoon as they were quarrying for limestone in Barangay Candabong, Anda town, authorities said. The Anda Municipal Police Station identified the fatalities as Valeriano Galeya ...

Wiggins, Team Sky crossed 'ethical line', says damning lawmakers' report
YAHOO! - 2018-03-05
London (AFP) - Former Tour de France winner Bradley Wiggins and Team Sky crossed an "ethical line" by using drugs to enhance performance and not just to treat medical need, a damning report by lawmakers said on Monday. Russian computer hackers revealed in ...

January new-car sales climb 9% in key Southeast Asian markets
Nikkei Asian Review - 2018-03-05
The results were compiled using data from industry groups and other sources in Indonesia, Thailand, Vietnam, the Philippines, Malaysia and Singapore. Indonesia and Thailand recorded their highest January growth in five years. New-car sales in Indonesia ...

Dermira halts development of acne drug after it failed in clinical trials
Upi.com - 2018-03-05
March 5 (UPI) --Dermira on Monday announced it was halting development of an acne drug after poor results in two Phase 3 trials. The pharmaceutical company, based in Menlo Park, Calif., said in a news release a topical gel called DRM01, or olumacostat ...

Mysterious $15,000 'GrayKey' Promises To Unlock iPhone X For The Feds
Forbes - 2018-03-05
Just a week after Forbes reported on the claim of Israeli U.S. government manufacturer Cellebrite that it could unlock the latest Apple iPhone models, another service has emerged promising much the same. Except this time it comes from an unkown entity, an ...

Amazon considers launching branded checking accounts for unbanked
ZDNet - 2018-03-05
Amazon is reportedly in talks with JPMorgan Chase & Co. and Capital One Financial Corp. to offer checking account services to younger customers and the unbanked. According to the Wall Street Journal, Amazon is still in the very early stages of a potential ...

Afraid of Snakes? Wasps and Dogs Are Deadlier
The New York Times - 2018-03-05
Beware the snake, the spider and the scorpion. But know this: You are much more likely to be killed by a bee or a dog. Of the 1,610 people killed in encounters with animals between 2008 and 2015, 478 were killed by hornets, wasps and bees, and 272 by dogs ...

Watchdog ups M&A reporting trigger
BusinessWorld - 2018-03-05
Philippine Competition Commission Chairman Arsenio M. Balisacan hopes to carry out the watchdog's mandate with minimal disruption to business growth. THE PHILIPPINE Competition Commission (PCC) has increased the threshold for merger and acquisition (M&A ...

Feb. Philippine factory growth slowest in SE Asia
BusinessWorld - 2018-03-05
THE PHILIPPINES contributed to an overall improvement of Southeast Asian factory business in February, though it bared the weakest performance among five economies in the region that registered growth, according to the Nikkei ASEAN Manufacturing Purchasing ...

Microsoft: Windows Defender can now spot FinFisher government spyware
ZDNet - 2018-03-05
Microsoft says it has cracked open the notorious FinFisher government spyware to design new ways to detect it and protect Windows and Office users. FinFisher is sold to law-enforcement agencies around the world and its maker, European firm Gamma Group, has ...

Megaworld set to open P240-M school in Cebu
BusinessWorld - 2018-03-05
"We will also cater to the children of the expat community and residents of Lapu-Lapu City and nearby towns and cities as well as the children of those working in nearby businesses and business process outsourcing (BPO) companies," Megaworld Cebu ...

Torre Lorenzo mulls IPO between 2020 and 2023
BusinessWorld - 2018-03-05
Depends on a lot of factors. One is the market, (next is) if we have built a credible business story, a growth story, and our readiness," Mr. Rapadas told BusinessWorld in an interview last week. The company current has four residential condominium ...

Kuroda joins queue of central banks looking toward exit
BusinessWorld - 2018-03-05
As part of its program to pull the nation out of years of deflationary malaise, its holdings of Japanese government bonds are almost equal to the annual economic output of Japan, and it also buys exchange-traded funds, corporate bonds and other assets.

DFA aims online passport renewal by 2019
CNN Philippines - 2018-03-05
Story updated to include statement Foreign Affairs Secretary Alan Peter Cayetano. Metro Manila (CNN Philippines, March 6) -- Foreign Affairs Secretary Alan Peter Cayetano said the agency is preparing for an online passport renewal by 2019. (Translation ...

Ancient baby bird fossil offers insights into avian evolution
Upi.com - 2018-03-05
March 5 (UPI) --A newly discovered fossil has offered paleontologists new insights into the development of prehistoric birds. The fossil is one of the smallest avian fossils ever discovered, offering a snapshot of the bird's skeletal development.

Minimally invasive surgeries underused with Medicare patients, study says
Upi.com - 2018-03-05
March 5 (UPI) --Medicare patients underwent far fewer minimally invasive operations for common procedures compared with the general population, according to a study at Johns Hopkins University. The disparity, researchers say, could be affecting the quality ...

Mindanao mom-and-pop bakeries face stiffer competition from food brands
BusinessWorld - 2018-03-05
A total of 76 companies participated in the Bakery Fair, the first in Mindanao, including those in the general food service business. More than 4,000 visitors from around Mindanao attended, and while this is much less than the 25,000 visitors during the ...

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