Local stocks climb back to 6,500 level
SHARE prices at the Philippine Stock Exchange (PSE) closed higher for the third straight day on Tuesday as investors rebalanced their portfolio of funds and bought the market’s oversold stocks.
Government rushes cleanup drive to reduce flooding
THE Philippines is rushing to clear roads and drainage systems in the capital from garbage that already caused floods and traffic jams twice in less than a week since the beginning of the rainy season.
Power to the people
IT is crucial for the Philippines to accelerate infrastructure development to further boost economic growth in the next three years, according to economists. And such development should really prioritize power-generation projects, as the economy will screech to a halt without a stable power supply.
100,000 protesters flood Brazilian streets
SÃO PAULO—In some of the biggest protests since the end of Brazil’s 1964 to 1985 dictatorship, demonstrations have spread across this continent-sized country and united people from all walks of life behind frustrations over poor transportation, health services, education and security despite a heavy tax burden.
Heat focus on Game 7
THOUSANDS upon thousands of fans took to the San Antonio streets for more than two hours after Game Five on Sunday, clogging downtown lanes, waving flags from truck beds, hanging out of car windows, honking horns unremittingly and screaming as if the championship had already been won.
News
Government eyes $2-billion bond sale in 2014
The Philippines plans to sell its first inflation-linked bonds in the fourth quarter before returning to the global debt market in 2014 after a year’s absence, Treasurer Rosalia de Leon said.
PES chief: Stakeholders must grasp development issues
STUDYING development issues becomes more effective in implementation if stakeholders understand its intricacies.
Government rushes cleanup drive to reduce flooding
THE Philippines is rushing to clear roads and drainage systems in the capital from garbage that already caused floods and traffic jams twice in less than a week since the beginning of the rainy season.
Gas suffocates two miners in Benguet tunnel
ITOGON, Benguet—Two small-scale miners died of gas poisoning inside a Benguet mine tunnel on Monday, June 17.
Power to the people
IT is crucial for the Philippines to accelerate infrastructure development to further boost economic growth in the next three years, according to economists. And such development should really prioritize power-generation projects, as the economy will screech to a halt without a stable power supply.
G-8 leaders see worst over for world economy
Leaders of the Group of Eight nations say that the worst has passed for the global economy, an aide to UK Prime Minister David Cameron said after summit talks on promoting employment and growth.
Business
EDC, Alterra ink four deals
GEOTHERMAL giant Energy Development Corp. (EDC) said on Tuesday it signed four shareholders’ agreement and other related agreements with Alterra Power Corp. (Alterra).
Government to expand organic farms in Region 12
The Department of Agriculture (DA) has allocated P21.7 million to expand organic-farming activities in Region 12 as part of its efforts to expand organic farms in the country this year.
FDIC, PDIC sign joint communiqué for cross-border cooperation
GOVERNMENT-RUN Philippine Deposit Insurance Corp. (PDIC) said it signed a joint communiqué for cross-border cooperation with the Federal Deposit Insurance Corp. (FDIC) of the US.
Enterprising housewife finds ‘bread’ in peanut butter
Ellen Muros, the flourishing microentrepreneur behind the Mamasyami Deli Foods, had an ingenious approach to mainstream her peanut butter in the market.
Techpoint marks PHL market dominance, eyes tablet sector
AFTER 10 years of leading the country’s entry-level TV market, Techpoint Enterprise—distributor of Nextbase and Devant products in the Philippines—is looking at the very competitive mobile tablet market.
Asean needs to be flexible for 2015
ASSOCIATION of Southeast Asian Nation (Asean) integration should not be a blanket initiative; instead governments and practitioners need to take into account the unique characteristics and different growth levels of the countries when planning a regional capital market convergence, according to experts.
Sports
Heat focus on Game 7
THOUSANDS upon thousands of fans took to the San Antonio streets for more than two hours after Game Five on Sunday, clogging downtown lanes, waving flags from truck beds, hanging out of car windows, honking horns unremittingly and screaming as if the championship had already been won.
Lifestyle
Is it time for an inbox detox?
WHEN I found out that last week of January had been declared “Clean Out Your Inbox Week,” I wondered why it was necessary to dedicate a whole week to one task. But then I saw the 1,012 e-mails I had yet to delete in my own inbox.
Marc Forster battles zombies, and bad buzz, to bring ‘World War Z’ to the screen
ORLANDO, Florida—For much of its production life, director Marc Forster’s film of World War Z has had another z-sound hanging over it—buzz. Bad buzz. Delayed, pulled from the release schedule last fall for reshoots, the Brad Pitt zombie movie has been branded with the phrase “troubled production.”
The queen of the North
NAMED after Queen Isabela II of Spain, the province of Isabela is known as the largest corn producer in the country. Most of the corn is harvested and sold to feed millers who, in turn, sell the feeds to poultry and livestock growers. Isabela is also a major rice-production area, and known as the Rice Granary of the North.
Features
Fueling national growth
THE deregulation of the oil industry during the last 15 years has enabled market competition in the country. Since the enactment of Republic Act 8749, the Downstream Oil Industry Deregulation Act of 1998, this sector, which used to be the domain of the so-called Big Three, namely, Caltex, Shell and Petron, has seen the entry of different independent entities, ensuring a level playing field. Slowly making their presence felt, these new players now comprise 26 percent, or a little over a quarter of the whole downstream oil industry market.
It’s a battle of upgrades
THE Philippines has been in the international news because of its remarkable economic growth over the past quarters. Despite the many challenges in the different arenas of business and politics, the country and its people seem to be in synergy to overcome economic challenges.
Human genes cannot be patented, US Court says
WASHINGTON—The US Supreme Court on Thursday unanimously threw out attempts to patent human genes, siding with advocates who say the multibillion-dollar biotechnology industry should not have exclusive control over genetic information found inside the human body.
Maricielo Villas sets Spanish-style living in Las Piñas
LAS PIÑAS, which is known as one of the cleanest cities in Metro Manila and on the list of the “Clean and Green Hall of Fame” awarded by the Philippine government, is also the first local government unit in the country to receive the prestigious Global 500 Roll of Honor of the United Nations Environment Program (Unep). These accolades serve as recognition of the city’s outstanding achievements in the protection and improvement of the environment.
Why would hackers target my little company?
If your business is relatively small and isn’t involved in financial services or national defense, you might assume that data security isn’t a big issue for you. Why would someone from the presumably limited pool of hackers take the time to target your company?
DepEd allots P100M to educate IPs
THE Department of Education (DepEd) seeks to strengthen access to basic education for the children of indigenous peoples (IPs) with a P100-million program aimed to hone the skills and knowledge of these youngsters in the provinces across Mindanao and the Visayas.
More restrictions proposed on using chimpanzees for research
WASHINGTON—The federal government moved to further protect chimpanzees, proposing to change the animals’ endangered status and increase oversight of their use in research.
Chinese state media chide US over surveillance revelations
BEIJING—Officially, the Chinese government has nothing to say about Edward Snowden. But unofficially, its representatives are happy to dump on the United States.
2013 Hyundai Accent CRDi Hatchback: Diesel power
IT has been almost six years since I first drove the first-generation Hyundai Accent. My verdict then? It was a car with no dramatic body styling and no-frills interior designed for practical people.
The Himalayas are changing–for the worse
JHIRPU PHULPINGKATT, Nepal—Residents of Jhirpu Phulpingkatt, a village nestled in the foothills of the Himalayas, about 110 kilometers from Nepal’s capital Kathmandu, are on red alert.
Pope tells kids: ‘I didn’t want to be pope’
VATICAN CITY—Pope Francis revealed on Friday that he never wanted to be pope and that he’s living in the Vatican hotel for his “psychiatric” health.
Malditas: No qualms conquering the field...the world
Women’s football has already gone beyond national boundaries and it surely has gone beyond gender. When the football team Azkals came out on television holding the not-so-familiar ball—football—there were mixed reactions, especially from those who are basketball fanatics.
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