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  • 11 hours How to be a titan Manilatimes |Biz
    The de facto leader of Titans Business Ventures Corp. shares his thoughts on developing a right mindset for business growth Titans Business Ventures Corp. President Joey GarciaJust how do you turn a Row 4 student into a winner in the real world? Make that an influential figure in the business field. The answer is realization — or once a person discovers he needs to really learn things and sync that with his natural gifts or talents. For Joey Garcia, who proudly associates himself with the uniquely changing world Gen-Xers grew up in, that alignment culminated after he finished his masters ... more
  • 11 hours Team USA rebounds to win 2019 Rising Stars contest Manilatimes |Sports
    LOS ANGELES: Slam dunks and three pointers were the order of the day and defense disappeared completely as Team USA outgunned Team World 161-144 in the NBA Rising Stars game on Friday night (Saturday in Manila). Los Angeles Lakers player Kyle Kuzma scored a game-high 35 points and was named MVP of the contest which features the league’s top first and second-year players and opens the NBA all-star festivities in Charlotte, North Carolina. Kuzma went 15-of-27 from the field and also had six rebounds, while Boston Celtics forward Jayson Tatum added 30 points for Team USA. The teams combined for ... more
  • 11 hours Big blow to PH’s SEA Games hosting Manilatimes |Sports
    EDDIE G. ALINEABased on recent developments, the Philippines might as well go into the motion of playing host to the 30th Southeast Asian Games it is scheduled to stage from November 30 to December 11 in different venues in Central Luzon, Metro Manila and suburbs. The country, alright, remains as host of the biggest ever edition of the once every two-year competitions among the best athletes in the 11-member meet in terms of the number sports at 56 and events to be disputed at 523. To make this Games the most memorable and the most successful as expected of the ... more
  • 11 hours Cancer-fighting dad inspires Santa Cruz in featherweight title showdown Manilatimes |Sports
    LOS ANGELES: World Boxing Association featherweight champion Leo Santa Cruz defends his crown Saturday (Sunday in Manila) against fellow Mexican Rafael Rivera while taking inspiration from his father’s ongoing fight against cancer. Santa Cruz, 35-1-1 with 19 knockouts, will face Rivera, 26-2-2 with 17 knockouts, in the feature of a Los Angeles card with Rivera as a late fill-in for original challenger Miguel Flores, lost to an ankle injury last month. Santa Cruz is being trained by his father, Jose Santa Cruz, who is fighting multiple myeloma, or bone marrow cancer. “Seeing my dad going through cancer treatment has been ... more
  • 11 hours Kwentong Jollibee Valentine campaign goes viral anew Manilatimes |Biz
    The heartfelt videos have become a much-awaited yearly ‘hugot’ campaign  What does a burger brand have to do with Valentine’s Day? In the case of Jollibee, quite a lot. On a day that is mostly connected with hearts and flowers, the homegrown fastfood restaurant brings forth its heartwarming and relatable stories of romance set against a backdrop of its bestselling combos. Last year, Jollibee took Valentine’s Day by storm and inspired millions of Filipinos to believe in the power of love with the 2018 “Kwentong Jollibee” Valentine’s Day episodes — “Homecoming,” “Signs,” and “Status” — which pooled in 167 million ... more
  • 11 hours PBA old timers see action in ‘Return of the Rivals’ Manilatimes |Sports
    Retired players of San Miguel Beer, Alaska, Purefoods and Barangay Ginebra San Miguel will show they still got the moves in Return of the Rivals of the Philippine Basketball Association today at the Araneta Coliseum. San Miguel Beer, the 1989 grand slam team will face Alaska, the 1996 grand slam team, in the 4:30 p.m. first game, while Purefoods (now Magnolia) will meet its Manila Clasico archival Barangay Ginebra San Miguel in the 7 p.m. main event. Allan Caidic banners the Beermen under coach Pilo Pumaren along with Danny Ildefonso, Olsen Racela, Nic Belasco, Elmer Reyes, Dennis Miranda, Alvin Teng, ... more
  • 11 hours Withholding tax on Meralco refunds Manilatimes |Biz
    The Department of Finance (DOF) recently issued Revenue Regulations (RR) 1-2019, amending the creditable withholding tax (CWT) rates on refunds paid by the Manila Electric Co. (Meralco) to its customers. The regulation’s effectivity date is Jan. 1, 2019. The refund pertains to rate increase fees and meter deposits that Meralco is currently refunding to its customers. At this rate, it would be worthwhile to take a closer look at how the Meralco refund came about, in relation to previous Bureau of Internal Revenue (BIR) regulations issued on these issues. On Dec. 23, 1993, Meralco filed with the Energy Regulatory Board ... more
  • 11 hours Johnson triggers wreck, then wins Clash at Daytona Manilatimes |Sports
    DAYTONA BEACH, Fla.: Jimmie Johnson’s youngest daughter prays every night for Daddy to win a race. When Johnson scuffled through the worst season of his career, he felt the strain of not reaching victory lane. “It was putting some pressure on me,” Johnson said. Johnson called the invocation “cute to hear.” He didn’t feel the same about critical comments saying Johnson was past his prime. The 43-year-old Johnson tweeted “I’m far from done” in the offseason, and with a risky move in the rain, he showed there’s plenty left. Martin Truex Jr. (No. 19), Denny Hamlin (No. 11), Kevin Harvick ... more
  • 11 hours PVB to raise funds for Death March markers Manilatimes |Biz
    The valor of 385,000 Filipino World War 2 veterans is certainly not forgotten in the hearts of succeeding generations nearly 80 years since the infamous Bataan Death March. But funds are needed to keep their memories alive. Philippine Veterans Bank First Vice President Miguel Angelo‘Mike’ Villa-Real, a veteran’s grandsonThus, proceeds from the staging of this year’s Bataan Freedom Run and Freedom Trail to mark the 77th anniversary of the Bataan Death March will be used for the restoration of key points located along its route. Funds generated from last year’s edition amounted to P400,000 to help construct Hospital 1 in ... more
  • 11 hours Fort Kent racer lands multirace deal with NASCAR truck series team Manilatimes |Sports
    Fort Kent native Austin Theriault worked long and hard last year to find a competitive race car driving situation that was the right fit, but to no avail. However, Theriault will back behind the wheel on a part-time basis in 2019 as he has landed a multirace deal in the NASCAR Gandor Outdoors Truck Series, formerly the Camping World Truck Series. His driving duties begin Friday, Feb. 15, with the NextERA 250 at Daytona International Speedway in Daytona Beach, Florida. Theriault has joined forces with Ricky Benton Racing Enterprises, and he will drive the No. 92 Black’s Tire and Auto ... more
  • 11 hours Bustamante starts strong in Petron Blaze 100 x30 series Manilatimes |Sports
    2018 Asian Karting Junior Champion Bianca Bustamante dominated both races of the first round of Petron Blaze 100 X30 Senior Division held at the new Clark International Speedway Kart Track in Pampanga last weekend. The 14-year old karting sensation beat all the regular drivers in the X30 class and had as much as 3.4 seconds edge over the rest of the field in the final race. Bustamante’s skills were polished in several international events evident in her dominance of the new Clark Kart track. “We definitely had the speed and confidence throughout the whole weekend,” said Bustamante after the race. ... more
  • 11 hours All-digital mobile bank launches PH online presence Manilatimes |Biz
    CIMB recently launched its online banking presence in the Philippines. CIMB Bank Philippines as it aspires to be the country’s first all-digital and mobile-first bank, promising to make banking simpler, more convenient and truly hassle-free. Effendy Shahul Hamid, CEO of Group Ventures and Partnerships, CIMB Group said, “We are extremely pleased to begin serving customers in the Philippines. This completes CIMB’s operating footprint in Asean and we look forward to bringing a truly differentiated and digital proposition to the market. Internet and mobile penetration in the Philippines remains one of the highest in the world, a clear sign of the ... more
  • 11 hours Ferrari launches new race car looking to end F1 title drought Manilatimes |Sports
    MILAN: Ferrari on Friday unveiled its new Formula One SF90 car that the Italian stable hopes will end its decade-long title drought to mark the team’s 90th anniversary. The new SF90, featuring the team’s traditional red with splashes of black, was launched at a glitzy ceremony at Ferrari’s Maranello headquarters by drivers Sebastian Vettel and new 21-year-old teammate Charles Leclerc. “I’m extremely excited, I see the car completely assembled for the first time,” said Vettel, 31, who along with Leclerc wore a black suit with the Ferrari crest. “Unfortunately, I’m not dressed properly and can’t just jump in and drive ... more
  • 11 hours Friends of the Marques Manilatimes |Sports
    MIKE POTENCIANO(Conclusion) Last week, we talked about our very first BMW Asian Awardee – Edwin Reyes winning the coveted award for loyal and true lovers of BMW cars in 2017. This week, we will show why the racing slogan, “What wins on Sunday, sells on Monday,” is still very relevant today. Motor sports help sell cars and build great partnerships between the brand and their patrons. Forgive us for turning this week’s column into a short tribute to our MP Turbo Team that helped some brands along the way, as well as the multiple champions that we produced in more ... more
  • 11 hours Rossi finds fountain of youth in his academy Manilatimes |Sports
    TAVULLIA, Italy: Italian motorcycling legend Valentino Rossi says he has discovered the fountain of youth in his VR46 Riders Academy as he aspires to continue competing at the highest level past his 40th birthday on Saturday. “Working with young people keeps me young,” said the nine-time world champion who set up the Academy near his hometown of Tavullia in 2013 to help aspiring young riders and revive the ailing MotoGP sector in Italy. Five years on, the Yahama rider, also known as “The Doctor,” is competing against two of his proteges — Franco Morbidelli and Francesco Bagnaia. Three of the ... more
  • 11 hours A good week for the little people Manilatimes |Biz
    BEN KRITZIT is unfortunate that the antics of America’s Tangerine Tyrant have turned the term “populism” into a slur, because when it is being practiced with sincere intent, its potential to solve some deep-rooted economic problems quickly is actually quite impressive. Three measures that briefly bubbled to the top of the news cycle stew this week in the Philippines hold some promise and are worth a second look. The first was the long overdue update of the Social Security System (SSS) charter, which was signed into law by President Duterte. The new law repeals the 21-year-old Social Security Act, and ... more
  • 11 hours Is the Chinese succession model doomed to fail? Manilatimes |Biz
    PROF. ENRIQUE SORIANOProfessor Joseph P.H. Fan, researcher and educator of family business governance at The Chinese University of Hong Kong wrote in his book Critical Generations — Out of the Succession Dilemma of Chinese Family Businesses that the market value of 250 listed family firms in Hong Kong, Taiwan and Singapore declined by almost 60 percent on average starting from five years before to the year the family patriarch handed over the business to his successor.  In other words, if an investor bought shares valued at $100 five years before the succession, the value of their shares would be reduced to ... more
  • 11 hours AXN announces regional partnership with GoDaddy Manilatimes |Biz
    Pay television network AXN recently announced a new regional partnership with GoDaddy, the world’s largest cloud platform dedicated to small, independent ventures, to strengthen its presence in Asia. This partnership will see Maggie Wilson-Consunji, one-half of the winning pair of AXN’s The Amazing Race Asia Season 5, as GoDaddy Brand Ambassador. As a dedicated entrepreneur, Maggie has leveraged GoDaddy’s online tools to launch an online presence and website for her business unique café and store concept, Casa Consunji (http://www.CasaConsunji.com/) in the Philippines. GoDaddy brand ambassador Maggie Wilson-Consunji (screenshot from GoDaddy TVC posted on YouTube).Maggie Wilson-Consunji will be featured in two ... more
  • 11 hours Biometrics to further enhance e-govt security, access control Manilatimes |Biz
    As more and more people open social media accounts, personal identity has gone digital; which means it has become more mobile. But with this ongoing trend comes the sinister underworld full of digital fraudulent schemes, cyberhacks, account take-over attacks and identity thefts, which can leave not just the users but also the government, regulators and businesses, vulnerable if these concerns are not addressed properly. While traditional identity verification services including knowledge-based authentication and two-step authentication procedures, have proven their mettle, the ever-changing digital landscape demands a much more robust, advance and secured identity authentication method that can safeguard the citizens ... more
  • 11 hours How your brand can use Facebook Live Stream Manilatimes |Biz
    JOSEPH HOLANDES UBALDESince it was unveiled in early 2016, Facebook’s Live Stream feature has been a popular addition to the platform’s experience. When I was still heading News5.com.ph, we used it extensively not only to stream our news to our followers but also to cover the entire 2016 elections. We did a Facebook Live Stream of “PAGBABAGO 2016” from sun up to sun down. It was great for expanding the reach of our Page and also in engaging our followers. Aside from receiving real-time feedback, we also gained a better understanding of our key audience, which eventually led us to ... more
  • 11 hours Trump declares border emergency Manilatimes |World
    WASHINGTON, D.C.: Let the lawsuits begin. President Donald Trump declared a national emergency along the southern border Friday (Saturday in Manila) and predicted his administration would end up defending it all the way to the Supreme Court. That might have been the only thing Trump said Friday that produced near-universal agreement. The American Civil Liberties Union announced its intention to sue less than an hour after the White House released the text of Trump’s declaration that the “current situation at the southern border presents a border security and humanitarian crisis that threatens core national security interests and constitutes a national ... more
  • 11 hours UN seeks $920-M aid for exiled Rohingya Manilatimes |World
    GENEVA: The United Nations on Friday (Saturday in Manila) called for $920 million in aid for around a million Rohingya taking shelter in Bangladesh after bloodshed in Buddhist-majority Myanmar. About 740,000 of the Muslim minority fled to Bangladesh as a result of a military crackdown in August 2017, condemned by the UN as ethnic cleansing. They joined another 300,000 Rohingya who were already living in overcrowded camps in Cox’s Bazar following previous bouts of violence. In a joint statement, the UN refugee agency and the International Organization of Migration (IOM) said they were looking to raise $920 million (817 million ... more
  • 11 hours US steals billions, but offers crumbs – Maduro Manilatimes |World
    CARACAS: Venezuela President Nicolas Maduro hit out at the United States on Friday (Saturday in Manila) for “stealing” billions of dollars and offering “crumbs” in return as humanitarian aid, as Washington sanctioned five officials close to the Venezuelan leader. Tons of US aid is piling up in Colombia close to the border with Venezuela as opposition leader Juan Guaido has vowed to defy Maduro’s efforts to block the supplies from entering the country. “It’s a booby trap; they’re putting on a show with rotten and contaminated food,” said Maduro, speaking at an event in the southeastern town of Ciudad Bolivar. ... more
  • 11 hours US-China talks deadline may be extended—Trump Manilatimes |World
    BEIJING: US President Donald Trump said that “there’s a possibility” he would extend a March 2 deadline in trade talks with China if the two countries are closing in on a deal. Trump made the remarks after two days of high-level negotiations broke up in Beijing Friday, and the two countries announced plans to resume talks next week in Washington. The world’s two biggest economies are locked in a dispute over China’s aggressive push to challenge American technological dominance. The US is scheduled to hike import taxes on $200 billion worth of Chinese goods on March 2. But Trump told ... more
  • 11 hours China must disarm, like US, Russia – Merkel Manilatimes |World
    MUNICH, GERMANY: China must be involved in international disarmament efforts, German Chancellor Angela Merkel said Saturday, amid rising concern about Beijing’s missile arsenal and the suspension of a key US-Russia arms treaty. “Disarmament is something that concerns us all and where we would of course be glad if such talks were held not just between the United States, Europe and Russia but also with China,” said Merkel. The United States began pulling out of a landmark Cold War missile control agreement with Russia, the Intermediate-Range Nuclear Forces (INF) Treaty, this month in response to Moscow’s deployment of the 9M729 missile, ... more
  • 11 hours 102 drug dealers surrender to Bangladeshi police Manilatimes |World
    TEKNAF, Bangladesh: Some 102 Bangladeshi meth dealers have surrendered to authorities at a pre-scheduled ceremony in a coastal town, officials said Saturday, as a Philippines-style anti-narcotics crackdown sows fear among kingpins. Bangladesh last year launched a “war” on drugs following a proliferation of illegal substances in the South Asian nation of 165 million people, mostly of cheap methamphetamine pills known as “yaba.” Police said 24 yaba “godfathers,” as well as lieutenants and peddlers, surrendered to the country’s home minister in Teknaf town — the key gateway for smuggling yaba into the country from Myanmar, where the pills are manufactured by ... more
  • 11 hours Thailand hosts Cobra Gold military exercises Manilatimes |World
    SATTAHIP, Thailand: With weapons drawn camouflaged troops leapt out of amphibious assault craft while explosions sounded and parachutists glided in from above as the annual Cobra Gold war games took over a placid Thai beach Saturday. Now in its 38th year, Cobra Gold is one of the largest military exercises in Asia, bringing thousands of forces from the United States, Thailand and other countries together for 11 days of training on Thai shores. This year’s drill includes some 2,000 US Marines, 1,000 US soldiers and hundreds from the country’s Navy and Air Force. On Saturday US, Thai and South Korean ... more
  • 11 hours NKorea’s econ potential ‘tremendous’ — Trump Manilatimes |World
    WASHINGTON, D.C.: Donald Trump on Friday (Saturday in Manila) hailed Pyongyang’s “tremendous” economic potential and his “great relationship” with his North Korean counterpart Kim Jong Un ahead of a second scheduled summit between the two leaders. Speaking to reporters at the White House, the US president also took a dig at Barack Obama, suggesting his predecessor had been close to going to war with the nuclear-armed state. Pyongyang has yet to provide any official confirmation of the February 27 to28 summit, which will be the second time the pair come together following their Singapore meeting on June 12 last year. ... more
  • 11 hours P244M cocaine only ‘passing through’ PH Manilatimes
    The Philippines was only a transhipment point for the 70 blocks of cocaine found on the shores of Siargao and Dinagat islands, the Philippine National Police (PNP) chief said on Saturday afternoon. PNP Director General Oscar Albayalde told reporters in this year’s Philippine Military Academy (PMA) alumni homecoming that the 70 blocks or 37 bricks of cocaine weighing 48.825 kilograms and worth P244,125,000 were not for anyone in the Philippines. “[The blocks of cocaine] will just pass through in the Philippines, then these will be shipped to other countries. Remember, cocaine is not popular here. Although it is being used ... more
  • 11 hours Trump lauds China’s death penalty for drug dealers Manilatimes |World
    WASHINGTON, D.C.: President Donald Trump on Friday (Saturday in Manila) praised China’s use of capital punishment for drug dealers, suggesting that the United States would deal better with narcotics trafficking if it put offenders to death. In China, drug dealers get “a thing called the death penalty. Our criminal drug dealer gets a thing called ‘how about a fine?’” Trump told reporters at the White House. “So if we want to get smart, we can get smart. You can end the drug problem. You can end it a lot faster than you think.” It is not the first time that ... more
  • 11 hours Marawi demolition starts despite warning vs bombs Manilatimes
    MARAWI CITY, Lanao del Sur: Despite warning from the Armed Forces of the Philippines (AFP) that some 49 unexploded ordnances (UXOs) were not yet retrieved from the ground zero or the Marawi siege’s most affected area (MAA), the National Housing Authority (NHA) has started demolishing structures inside the MAA. The demolition that started on Thursday was part of an inter-agency in charge of rehabilitating the city. UXOs are explosive weapons that did not explode when they were employed but still pose risks of detonation even decades after they were used or discarded. This was the main reason given by the ... more
  • 11 hours UK students rally vs climate change Manilatimes |World
    LONDON: Thousands of schoolchildren went on “strike” across Britain on Friday in a protest against climate change, with hundreds rallying in London’s Parliament Square. Children of all ages chanted “Save our planet,” cheered as flares were lit and clambered onto statues in the shadow of Big Ben to call for action, and to raise awareness. “As humans, we got ourselves into this predicament, it’s our responsiblity to get out of it,” said Hal, a 15-year-old from London. “As well as being a message to the politicians, it’s a way to spread awareness to everyone,” added the teenager, who was wearing ... more
  • 11 hours Borrowers told to pay loan obligations despite closure of lender bank in Lanao Manilatimes
    MALABANG, Lanao del Sur: Borrowers of the shuttered Bagong Bangko Rural ng Malabang (Lanao del Sur) Inc. are advised to pay their loan obligations notwithstanding the closure of the bank, the Philippine Deposit Insurance Corp. (PDIC) said in an advisory circulated in this town on Friday. The PDIC advised borrowers to transact only with authorized PDIC representatives and to always secure copies of official receipts issued by the corporation. In a statement, it said the borrowers had three options to pay: 1. Direct payment at any branch of the Philippine National Bank (PNB). Payment should be for the account name, ... more
  • 11 hours Bacolod fire leaves P58-M damage Manilatimes
    BACOLOD CITY: A huge fire nearly razed the Manapla Public Market here on Friday morning, causing an estimated P58 million worth of damage to goods and property. Manapla Mayor Lourdes Escalante said the fire destroyed 65 market blocks. The municipal government will extend financial assistance to the block owners, according to Escalante. The municipal government would give P20,000 each to 19 big market blocks, P10,000 each to 35 medium blocks and P3,000 each to 11 small blocks, the mayor said. Escalante said the affected vendors would be temporarily allowed to set up market stalls at the public plaza. According ... more
  • 11 hours Bong Go, Hugpong allies visit Mariveles Manilatimes
    Former special assistant to the President and aspiring senator Christopher Lawrence “Bong” Go joined his allies from the Hugpong ng Pagbabago (HNP) party in their campaign sortie in Mariveles, Bataan, recently. Go announced in a meeting with supporters that a Malasakit Center would soon be opened in Bataan. “It is a one-stop shop, a continuing program of the President to make it easier for indigent patients to avail themselves of financial assistance for their medical needs. With the Malasakit Center, they need not go to several agencies for help and spend on transportation,” he said. Rising soon Another Malasakit Center ... more
  • 11 hours Peace covenant for honest polls signed in Bataan Manilatimes
    BALANGA City, Bataan: Municipal, provincial and congressional candidates on Saturday signed a peace covenant at the Saint Joseph Cathedral here for honest and peaceful mid-term elections in Bataan. The Bataan police, the Army’s 48th Infantry Battalion, the Commission on Elections and the Parish Pastoral Council for Responsible Voting sponsored the covenant. Candidates in each of Bataan’s 11 towns and a city signed Integrity Pledge Boards where they pledged to abide by tenets of the Constitution, election laws, rules and regulations and respect the saae. Bishop Ruperto Santos of the Diocese of Balanga advised the electorate not to vote for candidates ... more
  • 1 day OFW remittances hit all-time high in 2018 Manilatimes |Biz
    A man counts dollar remittance at a money changer in UN Avenue in Manila. PHOTO BY RUSSELL PALMAMoney sent home by overseas Filipino workers (OFWs) hit a record high in the December, in the process also raising the full-year tally to what the Bangko Sentral ng Pilipinas (BSP) described as the “highest annual level to date.” At $3.15 billion for the month, personal remittances were 3.6 percent higher compared to the previous peak of $3.04 billion seen a year earlier. The growth rate, however, slowed from the 7.9 percent posted in December 2017. The result brought the full-year tally to ... more
  • 1 day No announcements after ‘productive’ talks Manilatimes |Biz
    BEIJING: Treasury Secretary Steven Mnuchin said the United States had “productive” talks with China over their trade dispute after negotiations in Beijing ended Friday with no sign that any concrete progress had been made. US Treasury Secretary Steven Mnuchin (2nd L) talks with Chinese President Xi Jinping as US Trade Representative Robert Lighthizer (L) and Chinese Vice Premier Liu He (R) look on before their meeting at the Great Hall of the People in Beijing on February 15, 2019. / AFP / POOL / Andy WongTop officials from the world’s two biggest economies had held two days of talks, hoping ... more
  • 1 day PSEi drops to 7,900 on trade talk worries Manilatimes |Biz
    THE stock market fell back to the 7,900 level on Friday, tracking a regional retreat attributed to reports that little progress had been made following high-level trade talks between the United States and China. The benchmark Philippine Stock Exchange index (PSEi) dropped by 1.03 percent or 82.36 points to close at 7,909.89 while the broader All Shares declined by 0.58 percent or 28.32 points to finish at 4,823.32. Timson Securities Inc. trader Jervin de Celis said that market players sold after trade talks in Beijing ended with no indication of any concrete progress ahead of a March 1 deadline. Negotiations ... more
  • 1 day Accuracy of analysts’ forecasts better in Q4 Manilatimes |Biz
    THE accuracy of growth forecasts published by economists from prominent institutions improved in the fourth quarter of 2018, the Finance department claimed on Friday. In a statement, the department said that among 10 published gross domestic product growth (GDP) projections, the most accurate was just 0.1 percentage points away from the official forecast (an error of 1.6 percent) compared to the weakest, which was 0.4 percentage points higher or off by 6.6 percent. Only two out of 10 forecasts had errors greater than 5 percent, an improvement from seven out of 15 forecasts with errors above 5 percent in the third ... more
  • 1 day Auto imports a threat to US security Manilatimes |Biz
    NEW YORK: A US Commerce Department report has concluded that American auto imports threaten national security, setting the stage for possible tariffs by the White House, two people familiar with the matter said Thursday. The investigation, ordered by President Donald Trump in May, is “positive” with respect to the central question of whether the imports “impair” US national security, said a European auto industry source. “It’s going to say that auto imports are a threat to national security,” said an official with another auto company. The report, which is expected to be delivered to the White House by a Sunday deadline, has been seen ... more
  • 1 day Combination of rail, BRT needed Manilatimes |Biz
    ROBERT SIYBus rapid transit or BRT is urgently needed in all our major cities. It is a form of mass transit that can move people as efficiently as trains, along a dedicated lane. Liberated from “friction” with cars and using buses designed for quick passenger boarding and alighting, BRT can deliver safe, convenient and more reliable journeys, and in less time than conventional bus services. With BRT, a rider going from Fairview to Makati can complete the journey in a little over an hour, compared to about 3 hours today. BRT is the fastest growing form of mass transit globally; ... more
  • 1 day Helping MSMEs grow faster via fintech Manilatimes |Biz
    ANGELIQUE VERGARAMicro, small and medium enterprises – more commonly referred to as MSMEs – are defined in Republic Act 9501 or the Magna Carta for MSMEs as business establishments whose total assets (excluding land) are valued at P100,000,000 or below. MSMEs are the backbone of the Philippine economy and comprise around 99.6 percent of business establishments in the Philippines. The latest data from the Department of Trade and Indusry show there are close to a million businesses in this sector. While there is a push from the government to support the growth of MSMEs, they all seem to experience similar ... more
  • 1 day Japan pitches high-tech satellite system for Clark Manilatimes |Biz
    Japan is proposing the use of a high-tech satellite system in Clark, the Bases Conversion and Development Authority (BCDA) said on Friday. The National Space Policy Secretariat of Japan introduced its high-tech satellite system designed to improve stability and accuracy of navigation services during a workshop organized in partnership with the BCDA, the agency said in a statement. Launched last year in Japan, the Quasi-Zenith Satellite System (QZSS) covers wide areas of the Asia-Pacific region. “During the term of President Rodrigo Duterte, we are witnessing the rapid development in Clark,” BCDA President and Chief Executive Officer Vince Dizon said. “If there was ... more
  • 1 day DTI, PCC ink pact for info sharing Manilatimes |Biz
    The Department of Trade and Industry (DTI) and thePhilippine Competition Commission (PCC) on Friday signed a memorandum of agreement (MoA) on information sharing and cooperation to boost competition and promote consumer welfare. During the signing, Trade Secretary Ramon Lopez said, “we always want to be assured that there is a good number of players.” He added that competition resulted in competitive prices and would put cartels in check. For his part, PCC Chairman Arsenio Balisacan said policies of the two agencies were related. Cooperation between them is needed to improve operations, he added. “The effectiveness [of our policy] is so much ... more
  • 1 day Agencies told to cut red tape Manilatimes |Biz
    Transactions not classified by government agencies based on the ease of doing business law should be processed within three working days, the Anti-Red Tape Authority (ARTA) said. Government agencies should be able to classify transactions as mandated by Republic Act (RA) 11032 or the Ease of Doing Business and Efficient Government Service Delivery (EOBD-EGSD) Act of 2018, Ernesto Perez, ARTA officer-in-charge director general, said in a recent press briefing. If not, the law will consider them as a simple transaction automatically, Perez said. “Meaning, it would be processed within three working days,” he added. Under R.A. 11032, simple business transactions should ... more
  • 1 day Pelicans lose Davis but cool off red-hot Thunder Manilatimes |Sports
    LOS ANGELES: Julius Randle finished with 33 points and 11 rebounds as the New Orleans Pelicans overcame another triple double from Russell Westbrook to beat the Oklahoma City Thunder 131-122 on Thursday (Friday in Manila). The victory could prove costly for the Pelicans as all-star Anthony Davis left the game with a shoulder injury at the end of the first half. The disgruntled Davis, who has requested a trade, did not return and it was unknown whether the injury would keep him out of the NBA all-star game on Sunday in Charlotte, North Carolina. Davis finished with 14 points in ... more
  • 1 day Coach Kerr fined $25,000 for ref rant Manilatimes |Sports
    OAKLAND, United States: Golden State Warriors coach Steve Kerr was fined $25,000 by the NBA on Thursday (Friday in Manila) following his rant at officials during his team’s defeat to the Portland Trail Blazers. Kerr needed to be escorted from the court at Portland’s Moda Center on Wednesday after angrily objecting to a flagrant foul called against Draymond Green. The Warriors coach was assessed two technical fouls and ejected after slamming his clipboard to the ground and unleashing a verbal volley against official Kenny Mauer. Golden State Warriors forward Kevin Durant, left, helps escort coach Steve Kerr after Kerr was ... more
  • 1 day SEA Games prep suffers a snag Manilatimes |Sports
    The slashing of the P7.5 billion budget for the country’s hosting of the 2019 Southeast Asian Games can cause a snag in the preparation for the 30th edition of the biennial meet among athletes representing the 11-nation conclave. The Senate early this week, had cut the proposed P7.5 billion funding requirements by 33 percent reducing it to mere P5-billion leaving the Philippine Southeast Asian Games Organizing Committee (PHISGOC) in quandary as to how to remedy the situation. PHISGOC Chairman Alan Peter Cayetano FILE PHOTOComing at a time when infrastructure requirements on venues have been almost completed, the cutting of the ... more
  • 1 day Guiao seeks OFWs’ support in Qatar Manilatimes |Sports
    National coach Yeng Guiao called on overseas Filipino workers in Qatar to show their support for the Philippine team when it plays against the Qataris in Doha on February 21, in the sixth and last window of the International Basketball Federation (FIBA) Asian qualifiers. “What we are anticipating is that they will be playing in their home court, they will be more familiar with their surroundings,” Guiao told reporters after the team’s tune-up game with Meralco on Friday morning. “But the positive thing is there are lots of Filipinos in the Middle East, particularly in Qatar.” The nationals beat Meralco, ... more
  • 1 day 153rd PSL National Series blasts off in Diliman today Manilatimes |Sports
    The country’s young promising swimmers will vie for top honors in the 153rd Philippine Swimming League (PSL) National Series – Diliman Preparatory School (DPS) Class C and Motivational Swim Meet today at the DPS swimming pool in Quezon City. The tournament serves as tryout for international competitions in China, Thailand, Singapore, Japan and United Arab Emirates that the PSL will be joining. “It’s our goal to provide venue for our young swimmers to showcase their talents. We are happy that a lot of swimmers from the PSL are reaping the benefits of our grassroots developmental program,” said PSL president Susan ... more
  • 1 day Peñalosa collides with Cardenas at Skydome Manilatimes |Sports
    Unbeaten Filipino pug Dave Peñalosa will clash against Marcos Cardenas of Mexico for the vacant World Boxing Organization (WBO) oriental featherweight title today at the Skydome in SM North Edsa. The 28-year-old Peñalosa (14-0 win-loss record with 10 knockouts) needs a convincing win against Cardenas (19-6-1 record with 15 knockouts) to strengthen his bid to challenge WBO featherweight champion Oscar Valdez. Both fighters made it at 126 pounds during the formal weigh-in on Friday. Meanwhile, International Boxing Federation (IBF) light flyweight and flyweight former world champion Johnriel Casimero battles Kenya Yamashita of Japan in a non-title bantamweight bout. Former world ... more
  • 1 day PSL Grand Prix unfolds today Manilatimes |Sports
    The long wait is finally over as Philippine Superliga Grand Prix fires off with an explosive double-header and a festive opening ceremony today at the Ynares Sports in Pasig City. Generika-Ayala tests the mettle of Sta. Lucia at 6 p.m. while two-time champion Foton collides with an overhauled United Volleyball Club (UVC) side in the 4 p.m. opening salvo of this prestigious women’s club tourney that has ESPN5 and 5Plus as broadcast partners. Before that, all eight competing teams will parade from the Oranbo Barangay Hall going to the venue with MFBD Marching Band and an LBGT group as spearheads, ... more
  • 1 day Semenya says she is ‘unquestionably a woman’ Manilatimes |Sports
    JOHANNESBURG: South African 800m Olympic champion Caster Semenya on Thursday (Friday in Manila) said she was “unquestionably a woman,” after the IAAF denied reports that it would argue that she should be classified as a biological male. Semenya, 28, issued the statement ahead of a landmark hearing at the Court of Arbitration (CAS) next week that will challenge a proposed rule by the International Athletics Federation (IAAF) aiming to restrict testosterone levels in female runners. “Ms Semenya is unquestionably a woman. She is a heroine and an inspiration to many around the world,” her lawyers said in a statement. “She ... more
  • 1 day Spieth, Kang share lead at rainy Riviera as Woods waits Manilatimes |Sports
    LOS ANGELES: Three-time major-winner Jordan Spieth and South Korean Kang Sung topped the leaderboard Thursday (Friday in Manila) when darkness halted play in the weather-hit Genesis Open, where tournament host Tiger Woods never even got to tee off. Spieth was five-under through 12 holes of the first round and Kang was five-under through 14 at Riviera Country Club, where heavy rain saw the first round get underway in earnest seven hours late. Organizers tried to get things going on time, only for increasing rain and deteriorating visibility to prompt them to call a halt, and take the unusual step of ... more
  • 1 day Jolo cruises to record win, Gabasa clings on Manilatimes |Sports
    Jolo Magcalayo rolled to a trouble-free 11-stroke victory with another 71 while Junia Gabasa needed to hang tough in the clutch to hold off Rianne Malixi and snare the women’s crown in the W Express RVF Cup Amateur Golf Championship at Cangolf’s North course in Laguna. Magcalayo, who all but clinched the men’s title with a whopping nine-shot lead after three rounds Thursday, just went through the motions in the last 18 holes, mixing two birdies against a bogey and never giving the rest a chance by settling for regulation pars. Boosted by a solid opening 65, Magcalayo wound up ... more
  • 1 day Trump plans ‘emergency’ to fund wall Manilatimes |World
    WASHINGTON, D.C.: President Donald Trump plans to declare a national emergency to fund his controversial border wall, the White House said on Thursday (Friday in Manila), a move that alarmed US lawmakers shortly before they passed legislation to avert a government shutdown. Trump has signaled he will sign the massive spending measure keeping federal agencies operational through September 30. But it does not specifically fund a wall on the US-Mexico border, and Trump’s emergency declaration would help him bypass Congress to locate and redirect billions of dollars in funding to build it. Trump will take the action “to ensure we ... more
  • 1 day Maduro bares secret meets with US envoy Manilatimes |World
    CARACAS: A month into Venezuela’s high-stakes political crisis, President Nicolas Maduro revealed in an Associated Press interview that his government held secret talks with the Trump administration and predicted he would survive an unprecedented global campaign to force his resignation. While harshly criticizing President Donald Trump’s confrontational stance toward his socialist government, Maduro said Thursday that he holds out hope of meeting the US president soon to resolve a crisis triggered by America’s recognition of opponent Juan Guaido as Venezuela’s rightful leader. Maduro said that during two hushed meetings in New York, his foreign minister invited the Washington-based special envoy ... more
  • 1 day Gun shop supplying pro-IS groups assaulted Manilatimes
    ZAMBOANGA CITY: Government forces raided at dawn on Friday an illegal gun shop supplying weapons to pro-Islamic State (IS)groups and criminal gangs in Barangay Poblacion, Buluan in Maguindanao, officials said. Maj. Arvin Encinas, spokesman of the 6th Infantry Division (6th ID) said army soldiers backed by heavily armed elements of the Special Action Force and the Criminal Investigation and Detection Group of the Autonomous Region in Muslim Mindanao (CIDG-ARMM) raided the shop and served a search warrant against Abusama Abpun, 60, an illegal firearms gunsmith. Encinas said the gun factory was being maintained by the outlawed Bangsamoro Islamic Freedom Fighters. ... more
  • 1 day ‘Back to Moon soon, to stay this time’ Manilatimes |World
    WASHINGTON, D.C.: NASA is accelerating plans to return Americans to the Moon, and this time, the US space agency says it will be there to stay. Jim Bridenstine, NASA’s administrator, told reporters on Thursday (Friday in Manila) that the agency plans to speed up plans backed by President Donald Trump to return to the moon, using private companies. “It’s important that we get back to the moon as fast as possible,” said Bridenstine in a meeting at NASA’s Washington headquarters, adding he hoped to have astronauts back there by 2028. “This time, when we go to the Moon, we’re actually ... more
  • 1 day R. Kelly had sex with minor, says lawyer Manilatimes |World
    NEW YORK: The lawyer representing a porn star in a legal battle with US President Donald Trump said on Thursday his office has previously unreleased footage of R&B superstar R. Kelly having sex with a young girl. Michael Avenatti said his team discovered the graphic tape as representatives of multiple clients linked to accusations against the American singer, who has faced allegations of sexual assault for decades. Kelly denied the latest allegations on Thursday via his lawyer Steve Greenberg, who said “I have not been contacted by anyone connected with law enforcement, nor has R. Kelly.” In a statement Avenatti ... more
  • 1 day NPA frees 6 militias, kills 2 soldiers in raid Manilatimes
    ZAMBOANGA CITY: Communist insurgents freed six out of over a dozen soldiers and militias they captured in southern Philippines, and, at the same time, raided a military post and killing two soldiers and wounding another in the restive region. Army Lt. Col. Ezra Balagtey, spokesman for the Eastern Mindanao Command, said that in a ceremony held on Thursday in the hinterlands of Barangay San Juan, Bayugan City, Agusan del Sur, New People’s Army (NPA) rebels released militias Jurian Gaviola, Marson and Hermito Iligan, Bienvinido Lamion, Eddie Tindoy and Sanny Malobay, but seven other militias and two soldiers remain captive in ... more
  • 1 day Trump puts on weight, but in ‘very good health’ – doctor Manilatimes |World
    WASHINGTON, D.C.: President Donald Trump is technically obese and has put on weight since last year, but his official doctor declared him on Thursday to be in “very good health.” The presidential physician, Sean Conley, said Trump, 72, passed his medical exam last week with flying colors. In a statement, he said that “the president remains in very good health overall.” Trump, who has confounded health experts with his penchant for junk food and avoidance of strenuous exercise, weighs 243 pounds (110 kg), the report said. This is a little bulkier than the 239 pounds recorded last year, which was ... more
  • 1 day Hong Kong seizes $1M in rhino horn in record airport haul Manilatimes |World
    HONG KONG: Two men carrying at least 24 severed rhino horns were arrested in Hong Kong airport by customs officers who said it was their largest ever seizure of rhino contraband smuggled by air passengers.The haul—worth some HK$8 million ($1 million)—was transported brazenly through the terminal in two cardboard boxes, the customs department said. The pair had arrived from Johannesburg and were planning to transit to Vietnam’s Ho Chi Minh City, a statement from the department said, which did not give their nationalities. An environmental group in Hong Kong said the 40 kilograms (88 pounds) of horn was a major ... more
  • 1 day Olongapo throws support behind Bong Go Manilatimes
    Former special assistant to the President and senatorial aspirant Christopher Lawrence “Bong” was welcomed by local government officials, leaders and residents of Olongapo City. Go and the rest of the poliltical party Hugpong ng Pagbabago (HNP) visited the city to mark the start of their campaign in the province of Zambales. “People here are happy. You can see in their eyes that they are excited to throw their support to the HNP,” he said. Go kickstarted the program as he was the first among the candidates to speak before the audience. Go started things on a light note, telling the ... more
  • 1 day Sayyaf terrorist captured in Sabah Manilatimes
    ZAMBOANGA CITY: An Abu Sayyaf terrorist, who fled the Philippines in March last year, was arrested in Sabah where he was working in a construction site, Malaysian media reported on Friday. The Malay Mail quoted Inspector-General of Police Tan Sri Mohamad Fuzi Harun saying: “The suspect, aged 21, had illegally entered Malaysia in March 2018 and has been working at a construction site. He is highly skilled in handling firearms and has direct connections with Furuji Indama, the current leader of ASG (Abu Sayyaf Group).” According to Harun, five other suspected terrorists were also captured separately in anti-terror raids in ... more
  • 1 day Japan to recognize indigenous Ainu people for first time Manilatimes |World
    TOKYO: Japan’s government introduced a bill on Friday to recognize the country’s ethnic Ainu minority as an “indigenous” people for the first time, after decades of discrimination against the group. The Ainu people—many of whom live in northern Hokkaido—have long suffered the effects of a policy of forced assimilation, and while discrimination has receded gradually, income and education gaps with the rest of Japan persist. The bill is the first to recognize the Ainu as “indigenous people” and calls for the government to make “forward-looking policies,” including measures to support communities and boost local economies and tourism. The Ainu have ... more
  • 2 days PCC blocks sugar mill merger Manilatimes |Biz
    URC takeover of Batangas rival to create monopoly, harm planters – competition authorities Competition authorities have rejected Universal Robina Corp.’s (URC) bid to take over Roxas Holdings, Inc.’s (RHI) Central Azucarera Don Pedro Inc.(Cadpi), ruling that the deal would lead to a monopoly in the Southern Luzon sugar market. “A merger-to-monopoly deal is among the most detrimental types of business transactions,” Philippine Competition Commission (PCC) Chairman Arsenio Balisacan said in a statement on Thursday. “The URC takeover removes its only competitor, erodes the benefit of competition for the sugarcane planters, and leaves market power at the hands of a single ... more
  • 2 days PSEi grows on renewed US-China trade talk hopes Manilatimes |Biz
    THE stock market recovered on Thursday as investors belatedly welcomed renewed hopes over the outcome of high-level US-China trade talks. The benchmark Philippine Stock Exchange index (PSEi) rose by 0.90 percent or 71.01 points to close at 7,991.25. The wider All Shares grew 0.82 percent or 39.65 points to finish at 4,851.64. Regina Capital Development Corp. head of sales Luis Limlingan said market players reacted positively to reports that US President Donald Trump was considering a 60-day extension beyond a March 1 deadline to reach a deal. Wall Street gained overnight on the optimism but with a wide gulf still ... more
  • 2 days Net ‘hot money’ hits 2-month high Manilatimes |Biz
    Net foreign portfolio investments remained positive in January, rising to their highest in two months, based on Bangko Sentral ng Pilipinas (BSP) data released on Thursday. The $762.82-million net “hot money” inflow — up from December’s $278.11 million — came as investments in peso debt instruments and the Philippine Stock Exchange (PSE) more than offset outflows. A man display US dollar bills at a money changer in UN Avenue in Manila. PHOTO BY RUSSELL PALMANet inflows were noted for PSE-listed securities ($506 million), peso government securities ($256 million) and peso time deposits (less than $1 million) while transactions in other ... more
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