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Lanao town vice mayor, treasurer dismissed
Philstar - 2017-12-19
MANILA, Philippines -- The Office of the Ombudsman has ordered the dismissal of the vice mayor and treasurer of Bacolod-Kalawi town in Lanao del Sur. Vice Mayor Diarangan Dipatuan and treasurer Rasad Dumarpa were found guilty of grave misconduct for under ...

PPP projects by LGUs to draw investor interest
Philstar - 2017-12-19
MANILA, Philippines -- Public-private partnership (PPP) projects in local government units (LGUs) would be ensured of sufficiency in scale to make it attractive for investors and would focus on vital services to make sure the projects survive changes in ...

Tax reform, budget implementation set
BusinessWorld Online - 2017-12-19
"Revenues from the TRAIN will fund our priority projects to ensure quality education -- including free tuition in state universities and colleges -- quality health care, social protection and conditional cash transfers, improved infrastructure... and t ...

Duterte: BBL may not hurdle constitutional barriers
Philstar - 2017-12-19
MANILA, Philippines -- The proposed Bangsamoro Basic Law (BBL) may not hurdle constitutional challenges, President Duterte said yesterday even as he stressed the need to continue talking peace with Moro groups to prevent violence in Mindanao. Duterte ...

Duterte declares unilateral holiday ceasefire with communist rebels
CNN Philippines - 2017-12-19
Metro Manila (CNN Philippines, December 20) -- The government will not launch offensives against communist rebels this holiday season following President Rodrigo Duterte's declaration of a unilateral ceasefire. "The President announced last night a ...

Duterte to soldiers: The gov't will take care of you and your family
CNN Philippines - 2017-12-19
Metro Manila (CNN Philippines, December 20) -- On the 82nd anniversary of the Armed Forces of the Philippines (AFP) President Rodrigo Duterte personally assured the troops the government would take care of them and their family. This is in exchange for ...

Military launches attacks vs 'Turaife group' in N. Cotabato
CNN Philippines - 2017-12-19
Metro Manila (CNN Philippines, November 19) -- The military on Tuesday said it launched offensives in North Cotabato against a group associated with Abu Turaife, who is believed to be the next emir of ISIS in Southeast Asia. In a statement, the 6th ...

Gov't gives P41.1-M in aid to families affected by 'Urduja'
CNN Philippines - 2017-12-19
Metro Manila (CNN Philippines, December 19) -- Government agencies shelled out more than P41.1 million (US$818 thousand) aid to families affected by Tropical Storm Urduja, which wracked Eastern Visayas since Saturday. The Department of Social Welfare and ...

Sen. Bam Aquino backs bill to protect military reservists
CNN Philippines - 2017-12-19
Metro Manila (CNN Philippines, December 20) -- Senator Bam Aquino is pushing for a bill to give reservists of the Armed Forces job security while serving the military. Senate Bill 1607, or the Reservist Employment Rights Act, was filed by Aquino on ...

Prepaid load expiry regardless of amount extended to one year from loading
CNN Philippines - 2017-12-19
"DTI is confident that our Micro, Small, and Medium Enterprises (MSMEs) will be able to do business more easily thanks to this circular, whether by making calls or sending an SMS to their customers, or by accessing the internet to conduct e-commerce ...

?9.36-billion Clark airport terminal expansion breaks ground
CNN Philippines - 2017-12-19
The Bases Conversion Development Authority (BCDA) which oversees the Clark International Airport said that they awarded the engineering, procurement, and construction deal for the Clark terminal to a joint venture of Megawide Construction Corporation and ...

Scientists Watch Black Hole Twins Collide, Gravitational Waves Ripple
International Business Times - 2017-12-19
Old stars that die violently can create more than one black hole as they magnificently collapse, and astrophysicists are getting a better idea of how that may happen. A team of scientists looked into the relationship between the birth of these black holes ...

AES Corp to Vend Philippines Business for $1.1 Billion
Yahoo Finance - 2017-12-19
The AES Corporation AES has recently inked a deal with SMC Global Power Holdings Corp., under which the company will divest its Philippines business to the later for $1.05 billion. The divestment is scheduled to be completed by the first half of 2018 ...

Japan debt rater keeps investment-grade score of the Philippines
BusinessWorld Online - 2017-12-19
Observers' initial shock last year from President Rodrigo R. Duterte's sudden distancing from the United States -- towards Beijing and the Kremilin -- has dissipated. A JAPAN-BASED debt watcher has affirmed its credit rating for the Philippines, with the ...

Voyager Innovations looks for partnerships
BusinessWorld Online - 2017-12-19
That means as you push, more cash are needed, to cover expenses," he told reporters. Voyager Innovations President and CEO Orlando B. Vea previously said the company is targeting emerging markets, particularly in Asia, where it sees a strong demand for ...

Business confidence rising in Asia amid integration prospects
BusinessWorld Online - 2017-12-19
BUSINESS OPTIMISM has hit a two-year high in Asia Pacific, reflecting a buoyant mood across the region that is largely driven by positive prospects for increased trade, P&A Grant Thornton said in a report. In the Philippines, the professional services firm ...

Inflation impact of tax reform expected to be muted
BusinessWorld Online - 2017-12-19
The building program seeks to substantially raise public spending on infrastructure, in the process improving connectivity and the ease of doing business in the Philippines while also fueling rapid economic growth. In turn, increased infrastructure ...

Battling climate change
BusinessWorld Online - 2017-12-19
For the Philippines, such a gathering must again highlight the call ... Obviously, the still worsening traffic situation in almost all urban centers uselessly burning away tons of fossil fuel, not to mention the dire public health implications.

Just heard it
BusinessWorld Online - 2017-12-19
In time, the conversation goes nowhere and the balloon loses its helium. The "heard mentality" is particularly fertile in business. While hype is frowned upon, hearsay is not covered by any rules, and can propound undocumented claims of how the pre ...

Building roads in Mindanao for peace and prosperity
BusinessWorld Online - 2017-12-19
"It is important to invest in critical infrastructure in Mindanao, an important gateway for trade and business in the Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA) Greater Sulu Sulawesi Corridor," says Jeffrey ...

Tropical Depression "Vinta" enters Philippine territory; may become tropical storm
CNN Philippines - 2017-12-19
Metro Manila (CNN Philippines, December 20 ... has also urged the public to plan their holidays in line with official weather forecasts. "Let us celebrate the holiday season with precaution," said DILG officer-in-charge Catalino Cuy in a statement ...

No infrastructure funds for 24 opposition congressmen in 2018 budget
CNN Philippines - 2017-12-19
Metro Manila (CNN Philippines, December 20) -- Twenty-four congressmen critical of the administration were denied funds for their districts' infrastructure in the P3.77-billion national budget for 2018, an opposition lawmaker said Wednesday ...

Senator: Ensure budget for Bangsamoro law
CNN Philippines - 2017-12-19
Metro Manila (CNN Philippines, December 20) -- Lawmakers on Wednesday promised the passage of the proposed Bangsamoro Basic Law (BBL) in a plenary session by March 2018. But where will the money to implement it come from? Senator Loren Legarda ...

Duterte, Dela Rosa visit wake of cop killed by alleged drug suspect
CNN Philippines - 2017-12-19
Metro Manila (CNN Philippines, December 20) -- President Rodrigo Duterte and Philippine National Police (PNP) Chief Director General Ronald Dela Rosa visited the wake of a policeman killed by an alleged drug suspect in Pasig City. Duterte arrived at the ...

Taxi driver in viral road rage video files complaint vs. woman who hit him
CNN Philippines - 2017-12-19
Metro Manila (CNN Philippines, December 20) -- A female motorist who is seen in a viral video hitting a taxi driver faces charges including physical injury. Taxi driver Virgilio Doctor, 52, of Malabon City filed charges of unjust vexation, malicious ...

DND Secretary: I recommended Navy chief 's relief over questionable frigate deal
CNN Philippines - 2017-12-19
Metro Manila (CNN Philippines, December 20) -- Defense Secretary Delfin Lorenzana confirmed Wednesday he recommended the relief of Vice Admiral Ronald Joseph Mercado from his post as Philippine Navy chief over a frigate deal. In a phone interview ...

Top business opportunities in Asia Pacific
BusinessWorld Online - 2017-12-19
BUSINESS OPTIMISM has hit a two-year high in Asia Pacific, reflecting a buoyant mood across the region that is largely driven by positive prospects for increased trade, P&A Grant Thornton said in a report. Read the full story.

Duterte signs tax reform bill, 2018 budget into law
CNN Philippines - 2017-12-19
Metro Manila (CNN Philippines, December 19) -- President Rodrigo Duterte on Tuesday signed into law two big-ticket bills. The first is the ?3.77-trillion national budget for 2018, which Congress ratified on December 12. This is up 12 percent from the ...

Softbank leads $120 million investment in AI-based insurance startup Lemonade
ZDNet - 2017-12-19
Japanese giant Softbank is leading a $120 million Series C funding round in Lemonade, an insurance startup with an AI-based platform powered by bots and machine learning. Founded in 2015, the New York-based startup claims to be "a purpose-built, technology ...

The third generation
Philstar - 2017-12-19
EYES WIDE OPEN By Iris Gonzales (The Philippine Star) | Updated December 19, 2017 - 12:00am He had grey-white hair around his balding scalp. He had a back severely hunched and he walked very slowly that one might hear the creak of old bones with each step.

Duterte flip-flops on same-sex marriage, says he supports it
CNN Philippines - 2017-12-19
Metro Manila (CNN Philippines, December 17) -- In a complete turnaround, President Rodrigo Duterte claimed he is all for same-sex marriage. "If that is the trend of the modern times, if that will add to your happiness, I am all for it," he said in a ...

Duterte to NPA: You are almost like ISIS
CNN Philippines - 2017-12-19
Metro Manila (CNN Philippines, December 18) -- The New People's Army (NPA) got the brunt of President Rodrigo Duterte's ire Monday, saying they were almost like international terror group ISIS. "Ang aking direction sa police pati Armed Forces [My ...

Philippines declines major US development aid
Yahoo News - 2017-12-19
The Millennium Challenge, created by the US Congress in 2004, supports with large-scale grants poor countries that are committed to good governance and economic freedom, believing these to be key to fighting poverty. "The government of the Philippines has ...

DOF: Exempting millions from income tax a 'big Christmas gift' to Filipinos
Philstar - 2017-12-19
MANILA, Philippines --The signing into law of a comprehensive tax reform bill, expected to raise billions of pesos to fund ambitious government programs, is a big Christmas gift to Filipinos as it would usher in a "real positive change" for the ...

AES Corp to Vend Philippines Business for $1.1 Billion
NASDAQ - 2017-12-19
The AES Corporation AES has recently inked a deal with SMC Global Power Holdings Corp., under which the company will divest its Philippines business to the later for $1.05 billion. The divestment is scheduled to be completed by the first half of 2018 ...

DOH: We expect less firecracker-related injuries in 2018
CNN Philippines - 2017-12-19
Metro Manila (CNN Philippines, December 18) -- As 2018 approaches, the Health Department said they are anticipating less people will get firecracker-related injuries in celebration of the New Year. President Rodrigo Duterte issued the order in June.

WHO expert committee to release recommendations on Dengvaxia by yearend
CNN Philippines - 2017-12-19
Metro Manila (CNN Philippines, December 19) -- The World Health Organization (WHO) is set to release recommendations following the dengue vaccine controversy before the year ends, the former Health Secretary said Tuesday. Growing concern about health ...

Flight cancellations on December 19 due to Urduja
CNN Philippines - 2017-12-19
In its 11 a.m. advisory, the Philippine Atmospheric, Geophysical, and Astronomical Services Administration (PAGASA) said Urduja has left the country after battering the Eastern Visayas region. Thirty-one are confirmed dead, while 49 others are missing in ...

PH, Thailand forge cooperation on banking supervision
Inquirer - 2017-12-19
The Philippine and Thai central banks have signed a memorandum of understanding (MOU) to foster greater cooperation on banking supervision between the two countries. The MOU signed last Sunday by Bangko Sentral ng Pilipinas Governor Nestor A. Espenilla Jr ...

Bitcoin.com co-founder sells his bitcoins for another cryptocurrency, citing risky investment
Inquirer - 2017-12-19
Oldenburg believes investing in Bitcoin right now may be the riskiest type of investment that a person can make, as stated in his interview with Swedish tech site Breakit via Business Insider. He noted the 12-hour lead time to process transactions and the ...

Ramon Garcia, 88
Inquirer - 2017-12-19
Veteran stock broker and former Philippine Stock Exchange president Ramon T. Garcia - who led the local bourse during its early years of demutualization and major governance reform phase - passed away on Monday at the age of 88. He battled liver ...

'Urduja' exits PAR, LPA to enter Wednesday
Philstar - 2017-12-19
MANILA, Philippines -- Tropical Depression Urduja (international name Kai-Tak) has left the Philippine area of responsibility on Tuesday but a low pressure area may enter the country tomorrow. State weather bureau PAGASA said the low pressure area was ...

Investment pledges hit record P617 B this year
Philstar - 2017-12-19
MANILA, Philippines -- Investment approvals by the Board of Investments (BOI) soared to an all-time high this year, surpassing by nearly a quarter the full year target of P500 billion. The BOI said yesterday investments approved this year hit P617 billion ...

Billionaires battle over supersonic transportation
CNN Money - 2017-12-19
Richard Branson is taking control of a supersonic transportation company, putting him in direct competition with Elon Musk. Virgin Hyperloop One named Branson chairman and announced that it raised another $50 million. That follows an earlier investment ...

Taxi driver files raps vs attacker caught on road rage video
Philstar - 2017-12-19
MANILA, Philippines -- The taxi driver seen being hit in a viral road altercation video filed a case against his attacker on Tuesday. Virgilio Doctor, 52, went to the Quezon City Hall of Justice on Tuesday to file cases of unjust vexation, malicious ...

Duterte wants Chinese telco running by early 2018
Philstar - 2017-12-19
MANILA, Philippines -- President Rodrigo Duterte has instructed two executive agencies to ensure that a third telecom provider will be up and running by the first quarter of 2018. Presidential spokesperson Harry Roque said that the president had directed ...

TURNING POINT: Dengvaxia: From Cure to Insecure
Mindanews - 2017-12-19
A quick response health personnel team should immediately be trained and developed in strategic places of affected areas for the purpose. An independent study should be conducted to determine if there is a significant difference in morbidity / mortality ...

Urduja leaves Philippines; NDRRMC verifying reports number of dead, missing rose to 86
interaksyon.com - 2017-12-19
The Philippine Atmospheric Geophysical and Astronomical Services ... The NDRRMC is also checking the report it received from the Department of Health that 67 people were injured in Leyte and Samar due to Urduja. A total of 12,682 families affected by ...

Local bank deposits hit record P11.3 trillion -- PDIC
Inquirer - 2017-12-19
The total deposit liabilities of the domestic banking system further rose to a fresh record-high P11.307 trillion at the end of the first nine months, the latest Philippine Deposit Insurance Corp. (PDIC) data showed. The end-September deposits across ...

Ramon Garcia, 88
Inquirer - 2017-12-19
Veteran stock broker and former Philippine Stock Exchange president Ramon T. Garcia - who led the local bourse during its early years as a demutualizing organization set to undergo major governance reforms - passed away on Monday at the age of 88.

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