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PSEi tumbles on Fed jitters
Inquirer - 2018-02-05
A global equities bloodbath spilled over to the local stock market on Monday, as the stronger-than-expected US jobs data spawned concerns that the US Federal Reserve (Fed) may turn more hawkish to curb resurgent inflation. The main-share Philippine Stock ...

Security Bank posts higher net profit in 2017
BusinessWorld Online - 2018-02-05
Security Bank Corp. saw an increase in its net income in 2017 driven by growth across its business segments. Based on a disclosure to the local bourse on Monday, Security Bank said its net income grew to P10.3 billion in 2017 by 20% compared with the P8.55 ...

Sanofi rejects Philippine plea for refund on used vaccines
New York Daily News - 2018-02-05
Health Secretary Francisco Duque III has said that Sanofi Pasteur has agreed to take back huge stocks of unused Dengvaxia and pay back more than a billion pesos ($20 million) to the Philippine government. The government, however, has also asked Sanofi ...

IT solutions emerging as cure to health care woes
Inquirer - 2018-02-05
Now is the right time," said Xplore president Leonardo Riingen. Dr. Raymond Sarmiento, director of the National Telehealth Center of the University of the Philippines, spoke about the state of IT health care in the country and noted that based on the ...

AI, machine learning changing the way of business
Inquirer - 2018-02-05
Today, every organization needs to reimagine its business model. Customers expect business to meet them anywhere, any time, on any device. To meet this speed of response, businesses need to be ahead of the game, at the cutting edge of what their market is ...

Research firm bullish on PH LNG industry
Inquirer - 2018-02-05
These include the 1,000-MW Sta. Rita complex, 500-MW San Lorenzo facility, 414-MW San Gabriel plant and the 97-MW Avion plant--all part of the portfolio of First Gen Corp. The fifth facility is the 1,200-MW Ilijan power plant, which is now part of the San ...

Mayor, Chinese bizmen discuss Cotabato City infra projects
Philstar - 2018-02-05
The series of meetings between local officials and the Chinese visitors were witnessed by key members of local business organizations. "There was candid and cordial exchange of insights on commerce and trade during the engagements between our city mayor ...

Security Bank nets P10.3B
Inquirer - 2018-02-05
Local banking giant Security Bank Corp. reported another banner year for 2017, growing its net profit by 20 percent to a record high P10.3 billion. The increase in profit was driven by a double-digit expansion of interest and non-interest earnings, based ...

Angeles City Library has no librarians, complaint alleges
Philstar - 2018-02-05
MANILA, Philippines --A licensed libararian has questioned the appointment of non-librarians to the Angeles City Library and Information Center. In October 2016, Roilingel Calilung, president of the Association of Librarians in Public Sector, asked ...

British businessmen to explore Iloilo opportunities
Philstar - 2018-02-05
The British Chamber of Commerce Philippines will visit Iloilo on March 8 and 9 to promote regional investment and spur economic development in the countryside. The delegation, which will be headed by BCCP Chairman Chris Nelson and British Ambassador Daniel ...

Filipino time
Inquirer - 2018-02-05
Many small Filipino brands have broken into markets with relative ease in recent years. Leading the charge are upstart entrepreneurs who are skilled in touting their homegrown products online. According to Moreno, a part-time La Salle lecturer in physics ...

Maybank: Inflation to hit 3.9-4% by mid-2018 due to TRAIN Law
Inquirer - 2018-02-05
Inflation likely rose at a faster pace of 3.5 percent year-on-year in January mainly due to the impact on consumer prices of the higher excise taxes under the Tax Reform for Acceleration and Inclusion (TRAIN) Act, Maybank Group said on Monday. Maybank ...

Concepcion Industrial nets P980M
Inquirer - 2018-02-05
This 2018, key priorities will be to grow faster than the market, preserve value, maintain business fundamentals, and fast-track investment in growth areas, Concepcion said. Victoria Betita, CIC chief finance officer, said the 8-percent increase in ...

PSE nets P825M
Inquirer - 2018-02-05
The Philippine Stock Exchange grew its net profit last year by 18 percent to P825 million on higher revenues from trading activity, subscription fees and market data and one-time gain on sale of its office space in Tektite Building in Ortigas. Operating ...

House OKs grant of crop insurance to farmers
Philstar - 2018-02-05
MANILA, Philippines -- The House of Representatives has approved on third and final reading a bill seeking to grant crop insurance to farmer-beneficiaries of the Comprehensive Agrarian Reform Program (CARP) affected by natural calamities. House Bill ...

Bezos to SpaceX: I'm rooting for you guys
CNN Money - 2018-02-05
Billionaires on Twitter: They're just like us. Jeff Bezos and Elon Musk exchanged social media pleasantries on Monday ahead of the much-hyped launch of SpaceX's Falcon Heavy rocket. Musk's SpaceX is scheduled to launch its new rocket into orbit on Tuesday.

Domestic flights canceled due to bad weather
Philippine Daily Inquirer - 2018-02-05
Flights to and from Tuguegarao have been canceled due to inclement weather, the Manila International Airport Authority (Miaa) said on Monday. Based on a Miaa advisory, the following Cebu Pacific flights have been called of 7:40 a.m.:

Technology, brands join forces
Inquirer - 2018-02-05
In these exciting times for digital technology, only "the strong-willed and creative will flourish." Such is the assessment of Myla Villanueva, chief executive officer of IT infrastructure and services provider Micro-D International, Inc. (MDI), when ...

Despite faster rollout, vehicle volume in Philippines lags behind in Asean
Philstar - 2018-02-04
MANILA, Philippines -- Vehicle production in the country continues to expand, outgrowing most markets in the region last year, but remained lagging behind its peers in terms of volume. Data from the ASEAN Automotive Federation showed motor vehicle ...

Cashing in on permanent makeup trend in CEBU
Inquirer - 2018-02-04
But her heart later led her to where fate wanted her to be -in business. Shifting to and getting a degree in Business Administration major in marketing was a happy choice since this was where she was good at. When the number of online retailers started ...

More guns, ammo recovered in Sulu
Philstar - 2018-02-04
MANILA, Philippines -- More high-powered guns and various types of ammunition have been recovered from civilians in Sulu. Five M16-A1 and M1 Garand rifles as well as several magazines and rounds of ammunition received on Saturday by the 31st Marine ...

Uber and Waymo are finally going to trial in an epic war over self-driving tech that could reshape Silicon Valley
Business Insider - 2018-02-04
On Monday, Uber and Waymo will go to court over allegations Uber stole "trade secrets" relating to self-driving-car tech. The case hinges on Anthony Levandowski, a rockstar engineer who is accused of taking huge troves of information when he left Google ...

AI could win the next Cold War
Business Insider - 2018-02-04
Recently, Russian President Vladimir Putin suggested that artificial intelligence may be the way Russia can rebalance the power shift created by the US. This indicates that AI could be the deciding factor in the next cold war, if there is one.

Fruitas to launch P2 billion IPO this year
Philstar - 2018-02-04
MANILA, Philippines -- Fruitas Holdings Inc. (FHI), the food and beverage company which is behind the popular Fruitas brand, will embark on a P2 billion initial public offering (IPO) possibly this year. In an interview with The STAR, FHI founder and ...

Rose McGowan's account of detaching from reality during alleged rape is common: Experts
Yahoo News - 2018-02-04
Rose McGowan says that during her alleged rape by Harvey Weinstein more than 20 years ago, she was thinking about the lipstick on her face. "A lot of victims and survivors will say they detach and you really do," McGowan, 44, said Tuesday on "Good Morning ...

The U.S. Military Has a New 'Bullet' That Attacks At Mach Six (with 100 Mile Range)
Yahoo News - 2018-02-04
And it's almost ready for war. The U.S. Military Has a New 'Bullet' That Attacks At Mach Six (with 100 Mile Range) The Department of Defense is preparing to test-fire a next-generation hypervelocity projectile (HVP) -- a supersonic shell that can hit ...

What's in a hashtag? A spark for our passions, in love and in war
Mashable - 2018-02-04
But a recent study reminded me that hashtags are not always something that inspire love between internet users. Rather, they can be destructive. Kate Starbird, an assistant professor at the University of Washington, and her colleagues investigated how ...

Steps Your Business Can Take Against A Mounting DDoS Threat
Forbes - 2018-02-04
Distributed denial-of-service (DDoS) attacks go back almost 30 years, when in 1988 a graduate student developed software to estimate the size of the growing internet. An unknown error in the code replicated the program over and over and over. The ARPANET ...

Early Facebook and Google Employees Form Coalition to Fight What They Built
New York Times - 2018-02-04
SAN FRANCISCO -- A group of Silicon Valley technologists who were early employees at Facebook and Google, alarmed over the ill effects of social networks and smartphones, are banding together to challenge the companies they helped build. The cohort is ...

Ayala to ramp up 2018 spending
Philstar - 2018-02-04
"In the healthcare business, we would like to eventually get into hospitals," the Ayala CFO said. Ayala Land Inc. is looking to sell QualiMed Health Network, which is a partnership with the Mercado Group. QualiMed has at least four operating hospitals ...

DOE halts sale of Malaya plant
Philstar - 2018-02-04
MANILA, Philippines -- The Department of Energy (DOE) has stopped the privatization of the 650-megawatt (MW) Malaya Thermal Power Plant (TPP) in Rizal as the agency eyes a deeper study before proceeding to sell the asset, a ranking energy official said.

Ad execs push adoption of fresh PR campaigns
Philstar - 2018-02-04
MANILA, Philippines -- Advertising experts are urging businesses to explore new ways of making business brands and concepts successful beyond the usual return on investments. The Association of Accredited Advertising Agencies of the Philippines said ...

Pagcor earnings rise 11% in 2017
Philstar - 2018-02-04
MANILA, Philippines -- State-run Philippine Amusement and Gaming Corp. (PAGCOR) said it booked a double-digit profit growth in 2017 amid higher revenues from gaming operations. Based on a financial statement posted on its website, PAGCOR said it posted a ...

Quest to dominate self-driving cars is at the heart of Waymo v. Uber trial
Ars Technica - 2018-02-04
This story has everything: a cutthroat startup using cloak-and-dagger tactics going up against a corporate giant, a now-dismissed star engineer accused of stealing thousands of crucial files, cutting-edge Silicon Valley technology, and a whipsmart, no ...

Philab to raise up to $150M for rollout of satellite clinics
Business Mirror - 2018-02-04
Philab, which sells health-care kits mainly to government agencies, eyes selling new shares to investors to meet its fund-raising target. Philab Chairman and CEO Hector Thomas A. Navasero said the planned capital-raising program will mean his stake in the ...

SSS looking at overseas investments to help support payments
BusinessWorld Online - 2018-02-04
So we will definitely study it. That is in our business plan." Last month, GSIS President and General Manager Jesus Clint O. Aranas bared plans to invest some $800 million in foreign currency-denominated instruments and hire two external asset managers.

Number coding scheme takes effect in 4 Cavite main roads
BusinessWorld Online - 2018-02-04
Licenses for exemption are also open for application, covering perishable goods delivery vehicles, company shuttle service, vehicles outfitted for persons with disabilities, and vehicles used by business locators and tourism agents, among others.

Ayala to spend over P200 billion in 2018
BusinessWorld Online - 2018-02-04
Meanwhile, the AC executive said they are looking to include hospitals under its health care business as well. ALI, which operates the chain of Qualimed hospitals along with the Mercado medical group, is mulling the sale of its hospital business.

PLDT to ramp up expansion of fixed, mobile networks
BusinessWorld Online - 2018-02-04
"What this means is that for every P1 of service revenue, we reinvest between P0.30-0.35 in the business to super-charge our networks and advance our digital transformation program. This is a massive effort to turn our networks into powerful, pervasive ...

Stocks to consolidate ahead of BSP policy meet
BusinessWorld Online - 2018-02-04
The benchmark Philippine Stock Exchange index (PSEi) capped the week with a gain of ... announcing a 10% growth in core income to P18.2 billion for 2017. With Globe Telecom, Inc. set to release its results on Tuesday, 2TradeAsia said attention could ...

DOJ urged to stop PAO from doing autopsies on Dengvaxia-vaccinated children
CNN Philippines - 2018-02-04
Metro Manila (CNN Philippines, February 4) -- A group of doctors wants the Department of Justice (DOJ) to halt autopsies on children vaccinated with Dengvaxia. The group Doctors for Public Welfare, who counts former Health Secretary Esperanza Cabral as ...

No complaints from relaunched 'Tokhang' - PNP
CNN Philippines - 2018-02-04
Metro Manila (CNN Philippines, February 4) -- The Philippine National Police (PNP) has yet to receive complaints regarding the relaunched Oplan Tokhang, an intelligence-gathering operation that also seeks to protect human rights. "Wala pa naman talagang ...

Where Will Bitcoin, Ethereum, Ripple, And Other Cryptocurrencies Be Twenty Years From Now?
Forbes - 2018-02-04
Bitcoin, Ethereum, Ripple, Litecoin and other cryptocurrencies have been on a roller coaster lately. Sharp upturns have been followed by sharp downturns, with each upturn and downturn lasting only a few weeks or a few days. Thus far, the cryptocurrency ...

Rainshowers expected due to trough of LPA, northeast monsoon
Philippine Daily Inquirer - 2018-02-04
Residents are advised to take extra precautions for possible flashfloods and landslides caused by the weather disturbance. Meanwhile, the Cagayan Valley Region, Cordillera Administrative Region, Bicol Region, Metro Manila, the provinces of Aurora and ...

Stop PAO autopsies on suspected Dengvaxia victims - doctors
Rappler - 2018-02-04
MANILA, Philippines - A group of doctors, including former health secretary Esperanza Cabral, urged the Department of Justice (DOJ) to stop the Public Attorney's Office (PAO) from conducting autopsies on 14 children who supposedly died due to the ...

Masbate and Legazpi flights canceled due to bad weather
Philippine Daily Inquirer - 2018-02-04
Four domestic flights - two by Cebgo and two by Cebu Pacific - were canceled as of 3:00 p.m. on Sunday due to bad weather, according to an advisory issued by the Manila International Airport Authority (Miaa).

Panic over Dengvaxia hurting other immunization, health programs
Philippine Daily Inquirer - 2018-02-04
Dr. Sylvia Claudio, a medical doctor and dean of the College of Social Work and Community Development of the University of the Philippines, said the public needed to be reassured to stop the panic. "People are turning away from much needed health ...

Fear and loathing over dengue
Inquirer Opinion - 2018-02-04
It just so happened that around that time everyone was preparing for senatorial elections. Among the candidates was a former health secretary, Juan Flavier, who had antagonized church authorities with his wholehearted support for family planning.

FDA reviewing animal studies in wake of monkey deaths
CNN Philippines - 2018-02-04
"Research into the effects of nicotine is indeed a public health issue, especially given the rise in popularity of vaping devices among teenagers," Bailey said of the FDA's now-terminated study. "My understanding is that the research project in question ...

Cloudy with isolated rain on Sunday
Philippine Daily Inquirer - 2018-02-04
The tail-end of a cold front will bring scattered rain over Eastern Visayas, while the northeast monsoon or amihan will affect Northern and Central Luzon, the weather bureau said in its Sunday morning forecast. The Cagayan Valley Region, Cordillera ...

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