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August merchandise export growth fails to stem trade deficit

THE COUNTRY’s merchandise trade deficit lingered above the $3-billion mark for the fifth straight month this year in August as a pickup in export growth that month failed to offset a slower increase in imports, according to data the Philippine Statistics Authority (PSA) reported on Wednesday.

Singapore court ruling in favor of Maynilad’s claim vs gov’t final

THE DECISION of the Singapore High Court to uphold the arbitral award amounting to at least P3.4 billion in favor of Maynilad Water Services, Inc. has become final after the Philippine government no longer appealed the case.

Phase 1 of C5 South Link on track to open in...

THE government expects phase 1 of the C5 South Link Expressway to open by March, three months ahead of the June 2019 schedule.

Electric cooperatives slam Energy chief for backing Solar Para sa Bayan...

ELECTRIC cooperatives have responded to the Energy secretary’s support for Solar Para sa Bayan Corp.’s bid for a nationwide microgrid franchise, in a bluntly worded statement that calls him out for being allegedly biased against them.

Neuroscience start-up teaches robot drivers to think like humans

ROBOT CARS make for annoying drivers.

Samsung unveils new Galaxy J smartphones

SAMSUNG IS set to launch new budget smartphones from its Galaxy J series line in the country this week.

Johnnie Walker House pops up

THE WORLD’S leading Scotch whisky is also known for its so-called Johnnie Walker Houses “designed to immerse (patrons) in the history, provenance, and pioneering spirit of the... brand,” as a “lifestyle space and part museum (which brings together) luxury whisky innovation with art, design, fine-dining, and culture.”

RCBC offers basic accounts

RIZAL COMMERCIAL Banking Corp. (RCBC) has launched basic deposit accounts (BDA), offering a cheaper and simpler way to access financial services in line with the government’s inclusion push.

Fishing for your food at New York’s wild new seafood restaurant

YOUR ODDS of catching a big striped bass for dinner in New York City are not especially high. A pier in Brooklyn, close to the Williamsburg J.Crew, probably offers the best chance. Your next step is to find someone to clean and cook it for you.

UnionBank’s IOC to boost lender

UNIONBANK of the Philippines said its integrated operations center (IOC) launched last year will help supervise the overall operations of the bank, which in turn will translate to maximized revenues and a better customer experience.

Rice tariff scheme remains goal despite ‘surprise’ order to import more...

PRESIDENT Rodrigo R. Duterte’s order for the “unimpeded” importation of rice has caught economic agencies off guard, though they pointed to the ultimate goal remains a rice tariff accompanied by freer inbound movement of the commodity.

Failure to win PHL orders dampens Vietnam rice prices

PRICES of unmilled rice fell further in Vietnam after it failed to obtain a government-to-government order from the Philippines in the second half of May and increased China import tariffs in July, according to the United States Department of Agriculture.

The economics of splendor

Splendor is a tabletop card-based game created by Marc Andre, designed by Pascal Quidault, and first released by Space Cowboys in 2014. At first glance, the game looks complicated, maybe even daunting, because the cards look a bit like those of Magic: The Gathering, another card game. I was delighted to learn that some topics I learned in business school are demonstrated in Splendor. Below are my top management and economics lessons from Splendor.

Corrupted science to justify renewables cronyism

In a letter “Response to ‘Cheap, stable electricity vs climate alarmism’” published in BusinessWorld yesterday, Oct. 10 2018, Mr. Eddie O’Connor of wind-solar lobby wrote the following weird claims:

Filipino para wood pushers deliver gold medals

THE Philippines climbed back in the medal standings of the 2018 Asian Para Games in Indonesia after Filipino para chess players delivered gold medals on Wednesday.

Asian Para Games: Silver, bronze medals go the Philippines’ way

THE Philippines’ campaign in the ongoing Asian Para Games in Indonesia continues to bear fruit with the country’s para athletes adding to their total medal haul.

Senate approves universal health care bill on third reading

THE SENATE on Wednesday passed on third and final reading the universal health care bill, which will provide automatic inclusion of all Filipinos in the National Health Insurance Program of the Philippine Health Insurance Corp. (PhilHealth), including overseas Filipino workers.

House approves on 2nd reading expanded sexual harassment bill

THE BILL expanding the definition of sexual harassment in the workplace or educational institutions has hurdled second reading at the House of Representatives.

General tax amnesty awaits plenary action in the Senate

SENATOR Juan Edgardo M. Angara, chairman of the Senate Ways and Means committee, on Tuesday submitted a general tax amnesty bill for plenary action.

House moves to relax foreign business hurdles

A BILL seeking to amend Republic Act No. 7042, or the Foreign Investments Act of 1991 in order to further open up the Philippine economy to foreign participation secured committee-level approval in the House of Representatives on Tuesday.

JV to develop new dam in Rizal

A JOINT venture (JV) company is developing a new dam in Montalban, Rizal that can serve as a medium-term water source for Manila Water Co., Inc., according to officials of state-led Metropolitan Waterworks and Sewerage System (MWSS).

Megaworld allots P35 billion for Pasig township

MEGAWORLD Corp. will be spending P35 billion to develop its township in Pasig City called Arcovia City, launching the first condominium to rise in the property.

Complete list of winners 2018 Palanca Awards

KABATAAN DIVISION • Kabataan Sanaysay: 1st Prize, Jack Lorenz Acebedo Rivera, “Paglaya Mula sa Pagtakas”; 2nd Prize, Jacob Renz R. Ambrocio, “Sino ang Lumansag sa Lunday ni Lola Basyang?”; 3rd Prize, Maria Jamaica S. Columbres, “Gulugod sa Pagsibol ng Binhi

Ricky Davao, Rina Reyes return to the stage

THIS MONTH, film and TV actors Ricky Davao and Rina Reyes return to the stage in Tanghalang Pilipino’s (TP) Filipino adaptation of Georges Feydeau’s classic farce, A Flea in Her Ear, on Oct. 18-21 at the Cultural Center of the Philippines (CCP).

Gov’t makes partial award of T-bonds as rates surge

THE GOVERNMENT accepted P9.74 billion worth of reissued five-year Treasury bonds (T-bond) yesterday amid tepid demand as investors continued to react to the September inflation print.

Big banks fail to meet required MSME lending

BIG BANKS remained stingy in providing loans to small firms as they continued to miss the mandated credit quotas provided by law, latest data from the Bangko Sentral ng Pilipinas (BSP) showed.

DoF chief to seek growth outlook of IMF, WB

THE FINANCE CHIEF wants to know how the World Bank and International Monetary Fund (IMF), during their annual meetings this week, will address the global market turbulence brought by rising oil prices, the trade conflict in the world’s most advanced economies, and tightening monetary conditions.

Coco levy fund moved for bicameral reconsideration

THE Senate and the House of Representatives on Tuesday adopted a concurrent resolution that will request the President to recall the coconut levy trust fund bill to the bicameral conference committee so they could introduce major amendments to the bill.

Mindanao could learn from Israel

A trip to the Holy Land had always been a key item in my bucket list (the things I need to see or do before I leave this world). But my wife had serious reservations, perceiving Israel as a country constantly in a state of war and threatened by terrorists.

Go map your day, Quietly.

A FEW WEEKS AGO, a workshop participant asked me what was my personal early morning ritual and what do I do to start the day with a positive state of mind and stay engaged, balanced and motivated all day long?

Kasai nominated as WHO Western Pacific head

HEALTH MINISTERS and other senior officials from 30 countries voted on Tuesday in Manila for the next head of the World Health Organization’s (WHO) Western Pacific Regional Office (WPRO), with Japanese Dr. Takeshi Kasai as the nominee.

Cat-calling bill up for House plenary approval

THE SENATE on Monday approved on third and final reading the bill penalizing cat-calling and other forms of street-based sexual harassment.

On-fire teams Blackwater, Magnolia lock horns today

TOP-FLIGHT teams Blackwater Elite and Magnolia Hotshots Pambansang Manok test each other today in their 7 p.m. Philippine Basketball Association Governors’ Cup tussle at the Cuneta Astrodome in Pasay City.

Maroons seek to finish first round with winning record

THE UNIVERSITY of the Philippines Fighting Maroons, winners of their last two matches, look to finish the first round of the eliminations of UAAP Season 81 with a winning record when they take on the University of Santo Tomas Growling Tigers in the opener today at 2 p.m. at the Mall of Asia Arena.

Mitsubishi Eclipse Cross gets design award

THE Mitsubishi Eclipse Cross compact SUV has won a spot in Good Design Award 2018. Mitsubishi Motors Corporation said the organization behind the awards, the Japan Institute of Design Promotion, cited the Eclipse Cross’ “bold wedge profile” as “very striking,” and that one can clearly see the attention to detail the model received.

That energy boost: The refreshed Ford EcoSport shows why small but...

Text and photos by Aries B. Espinosa WHAT more does this pioneering subcompact SUV need to prove, when in all these four years since its...

Power rates to go down in October

TYPICAL HOUSEHOLDS can expect their monthly electricity bill to go down by P19 in October after distribution utility Manila Electric Co. (Meralco) announced on Monday another cut in the overall rates due to a reduction in power generation charges.

House Speaker Arroyo to count on rapport in last big role...

IN WHAT MAY be the last chapter of a long and complicated political career, House Speaker Gloria Macapagal-Arroyo aims to fulfill what she regards as her mission now, or “our objective...to push for the President’s legislative agenda.”

Henry Sy-led SMIC looking to shift investment strategy

THE holding firm of country’s richest man Henry Sy, Sr. is shifting its investment strategy, favoring businesses where they can secure a minority position instead of taking full control of the company.

‘Something different’ in Cinema One film fest

THE 14th run of the Cinema One Originals Festival, titled “I am Original,” will showcase nine original feature films, six international films, 12 original short films, and two restored classics.

Spaces opens its 1st PHL co-working space in BGC

INTERNATIONAL Workplace Group (IWG) on Friday opened the first Philippine branch of its new co-working space brand Spaces.

Melco Resorts told to discuss issues with minority shareholders

THE Philippine Stock Exchange (PSE) has asked Melco Resorts and Entertainment (Philippines) Corp. (MRP) to engage with its minority shareholders to resolve pending issues on its tender offer, which will take the company a step closer to delisting from the local bourse.

M*A*S*H star Alan Alda to get lifetime achievement award

LOS ANGELES — Alan Alda, the M*A*S*H TV star with a long career on stage and screen, will receive the annual lifetime achievement award from the Screen Actors Guild, the actor union said on Thursday.

Amaia expands Bulacan residential project

AMAIA Land Corp. has launched a 7.8-hectare expansion of its horizontal residential project in Sta. Maria, Bulacan.

PBCom raises P2.9B from LTNCDs

PHILIPPINE BANK of Communications (PBCom) raised P2.9 billion from its offer of long-term negotiable certificates of deposit (LTNCD), which will be used to support its long-term funding business.