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Philippines to suspend oil tax hike to cool red hot inflation

MANILA—The Philippines said on Sunday it would suspend the implementation of a further increase in excise tax on fuel products, set to take effect in January 2019, to stem rising inflation expectations. Inflation in one of Asia’s fastest-growing economies has been rising since January, due to higher taxes, costlier food and fuel and a weak peso, causing […] The post Philippines to suspend oil tax hike to cool red hot inflation appeared first on Interaksyon......»»

Source: Interaksyon InteraksyonCategory: Top18 hr. 37 min. ago Related News

Vehicle sales slow by 14% in 9 months

Combined sales of the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association Inc. (TMA) declined 14 percent in the nine months to September this year from a year ago amid weak demand for passenger cars (PC) and commercial vehicles (CV)......»»

Source: Philstar PhilstarCategory: FinanceOct 13th, 2018Related News

More foreign funds flee Philippines in September 2018

The full-blown trade war between the US and China, the weak peso, rising inflation and the damage from Typhoon Ompong prompted foreigners to pull their investments out of the Philippines last month, according to the Bangko Sentral ng Pilipinas......»»

Source: Philstar PhilstarCategory: FinanceOct 12th, 2018Related News

UAAP: Juan GDL calls out kuya Javi for corny alley-oop

In the third quarter of the University of the Philippines matchup with National University last Sunday, Javi Gomez de Liano showed that he was much more than a sweet-shooting forward. Caught at the wrong end of a fastbreak, Javi GDL stood his ground before perfectly timing a block on a layup attempt by Reggie Morido. After completing a defensive stop all by his lonesome, the third-year Fighting Maroon, softspoken as he is, let out some emotion. Nah, says Javi Gomez de Liano 😤 #UAAPSeason81 pic.twitter.com/JgtZQtzZQ5 — ABS-CBN Sports (@abscbnsports) Oktubre 7, 2018 Asked about it post-game, he answered, “I just wanted to hype up the crowd. Yun lang.” Hype up the crowd, he did – so much so that, after the block, younger brother Juan came right at him for a GDL celebration. Juan GDL, who has a few highlight blocks of his own, said he was no longer surprised that his kuya did that. “That’s what he does kahit nung high school – he blocks shots, he gets rebounds. You guys shouldn’t be surprised,” he said. What the Season 80 Rookie of the Year didn’t appreciate, however, was how Javi GDL didn’t put an exclamation point on the alley-oop they connected on in the first quarter. “Yung alley-oop? Ang pangit, ni-layup (niya) kahit he was all alone,” he said while laughing. He then continued, “Weak finish, parang, binaby yung shot. Ang corny. Walang thrill.” Juan to Javi GDL brotherly connection 😏 #UAAPSeason81 pic.twitter.com/qrvK0u9UwA — ABS-CBN Sports (@abscbnsports) Oktubre 7, 2018 Of course, Juan GDL was just kidding and ribbing his kuya. Turning serious, he said that, as always, he was proud of Javi GDL – though, the former also said that the latter’s breakout game could have been way better. As he put it, “I’m happy that this is his breakout game, but he could have done way better. He also missed free throws and was letting his man get rebounds.” He then continued, “Javi could have easily had a double-double. He could do better.” Know what, Juan? Kuya Javi shares the same sentiments. --- Follow this writer on Twitter, @riegogogo.  .....»»

Source: Abscbn AbscbnCategory: SportsOct 8th, 2018Related News

Labor dep’t sees infrastructure as a hurdle to telecommuting law

THE Department of Labor and Employment (DoLE) said weak IT and electronic infrastructure in some areas could pose a barrier to telecommuting work arrangements. The post Labor dep’t sees infrastructure as a hurdle to telecommuting law appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: NewsOct 7th, 2018Related News

Duterte: Leni weak; VP: No need to hit me

Duterte: Leni weak; VP: No need to hit me.....»»

Source: Thestandard ThestandardCategory: NewsOct 6th, 2018Related News

Duterte won’t give presidency to ‘weak’ Robredo amid ouster plot

AMID talks of an ouster plot allegedly being mounted by opposition forces, President Rodrigo Duterte said he would not resign to relinquish his post to his constitutional successor, Vice President Maria Leonor “Leni” Robredo, whom he called “weak.” In a speech before Philippine Military Academy (PMA) alumni in Malacañang on Thursday night, Duterte again blasted [...] The post Duterte won’t give presidency to ‘weak’ Robredo amid ouster plot appeared first on The Manila Times Online......»»

Source: Manilatimes ManilatimesCategory: Oct 5th, 2018Related News

Strong quake hits Japan’s northern island, no tsunami danger

TOKYO — A strong earthquake on Friday jolted the same area of Japan’s northernmost main island of Hokkaido that was hit by one of the country’s most powerful tremors last month. The quake, which struck at 8:58 a.m., had a preliminary magnitude of 5.3, and measured a ‘weak 5’ on Japan’s quake intensity scale of […] The post Strong quake hits Japan’s northern island, no tsunami danger appeared first on Interaksyon......»»

Source: Interaksyon InteraksyonCategory: TopOct 5th, 2018Related News

BSP ready to manage ‘growing pains,’ says exec

The Bangko Sentral ng Pilipinas (BSP) is ready to manage growing pains brought about by rising inflation, worsening current account deficit, and weak peso, according to its assistant governor Restituto Cruz......»»

Source: Philstar PhilstarCategory: FinanceOct 4th, 2018Related News

Treasury rejects bids for 91-day bills

The Bureau of the Treasury on Monday rejected all bids for the benchmark 91-day bills due to weak demand as investors braced for an even higher inflation in September. While the Treasury offered P4.....»»

Source: Philippinetimes PhilippinetimesCategory: NewsOct 3rd, 2018Related News

Supreme Court acquits drug suspect over weak case buildup

MANILA, Philippines – The Supreme Court (SC) acquitted and ordered released from jail a drug suspect convicted in 2013 for possession of illegal drugs, over what the justices called a weak case from the very beginning. "Accused Romy Miranda Lim is acquitted on reasonable doubt, and is ordered ........»»

Source: Rappler RapplerCategory: NewsOct 2nd, 2018Related News

SC slams reckless drug buy-busts, wants weak cases junked

MANILA, Philippines – To prevent planting of evidence in drug cases, the Supreme Court recently issued a tall order requiring law enforcement officials to strictly follow proper procedure or else they risk getting their cases thrown out. In acquitting a drug suspect from Cagayan de Oro City ........»»

Source: Rappler RapplerCategory: NewsOct 2nd, 2018Related News

Anti-terrorism law weak, Senate wants longer surveillance, detention of suspects

MANILA, Philippines – The Senate is set to pass amendments to the Human Security Act of 2007 or anti-terrorism law that would allow extended periods of surveillance or detention of "suspected terrorists." (READ: What you need to know about state surveillance ) Senator Panfilo Lacson, chairman of the committee on dangerous drugs, said the move would be ........»»

Source: Rappler RapplerCategory: NewsOct 1st, 2018Related News

How to protect money from inflation, weak peso

How to protect money from inflation, weak peso Source link link: How to protect money from inflation, weak peso.....»»

Source: Manilainformer ManilainformerCategory: Sep 29th, 2018Related News

How to protect money from inflation, weak peso

How to protect money from inflation, weak peso.....»»

Source: Thestandard ThestandardCategory: FinanceSep 29th, 2018Related News

Vietnam prices gain on Philippine orders; India rates dip

BENGALURU — Vietnamese rice export prices rose this week on increased demand from the Philippines and elsewhere while rates for rice from top exporter India fell on expectations for a bumper summer-sown crop and a weak rupee. In Vietnam, traders offered 5 percent broken rice at $400-$405 a tonne, slightly higher than the $395-$405 a week earlier, as […].....»»

Source: Interaksyon InteraksyonCategory: TopSep 28th, 2018Related News

WADA report: Kenya doping serious, not institutionalized

By GERALD IMRAY,  AP Sports Writer Kenyan athletes are the target of nearly a quarter of out-of-competition doping tests in track and field, a statistic that underlines how much suspicion there is over the world's most successful distance-running nation. Figures were revealed Thursday by the head of the Athletics Integrity Unit, which handles anti-doping for the world track and field organization, the IAAF. Brett Clothier said Kenyans made up 22% of the AIU's out-of-competition testing program, and the country's athletes took up "at least the equivalent amount of time in our investigations and intelligence team." "Kenya is a great and justly proud athletics nation, but it now has a serious doping problem," Clothier said in comments accompanying the release of a report following a near two-year investigation in the East African nation by the AIU and the World Anti-Doping Agency's intelligence and investigations department. The joint report concluded there was "widespread doping" in Kenya but "the doping practices of Kenyan athletes are unsophisticated, opportunistic and uncoordinated and there is no evidence of an institutionalized system." It didn't need a two-year investigation to discover a problem, with a clear spike in cases involving athletes from the African country since around the time of the 2012 London Olympics. What the report did do, however, was dig deeper into some of the reasons behind the mess in Kenya. It appeared to separate Kenya's doping problems from that of Russia and that country's organized, state-sponsored scheme. Doping in Kenya "is different from other doping structures discovered elsewhere in the world and, as such, it requires a different approach," WADA director of intelligence and investigations Gunter Younger said. In Kenya, athletes are "insufficiently educated on doping and/or wilfully blind as to the consequences of doping," the report said. The investigation also stressed the need for better control over medical practitioners and "quasi-medical practitioners" who are "highly relevant" to the doping problem and often the source of banned substances. Overall, the report pointed to a weak and at times non-existent anti-doping effort in Kenya exacerbated by the unwillingness of athletes to help. WADA and AIU investigators said they reached out for information to 31 Kenyan athletes serving doping bans. Only seven attended interviews and none of them said they had used prohibited substances despite being found guilty at doping hearings. None of them provided any information that was helpful to the investigators. There were other findings in the report: — A total of 131 Kenyan athletes failed doping tests between 2004 and this year. Track and field was by far the worst sport in the country for failed tests. In the same period, all other sports in Kenya produced seven failed tests. — The anabolic steroid Nandrolone was the most prevalent banned substance for Kenyan athletes. The corticosteroids group, anti-inflammatories that can improve athletic performance, were the next most used. The blood-booster EPO was third most prevalent. — The AIU's focus on out-of-competition doping tests on Kenyans was prompted after only 13% of their athletes caught for doping were caught through out-of-competition tests. — Two elite Kenyan athletes, Olympic marathon champion Jemima Sumgong and Rita Jeptoo, provided falsified medical records in an attempt to avoid doping bans. Sumgong made up a story about having to attend hospital for an emergency blood transfusion to explain testing positive for EPO. Jeptoo, the leading marathon runner in the world when she was caught in 2014, claimed she was given EPO by a doctor to treat malaria and typhoid. Both athletes were found to be lying and banned for four years......»»

Source: Abscbn AbscbnCategory: SportsSep 28th, 2018Related News

World leaders laugh as Trump boasts of his achievements

UNITED NATIONS --- President Donald Trump got some laughter when he addressed world leaders on Tuesday. It wasn't intentional. The president was highlighting U.S. gains under his watch as he opened his address to the U.N. General Assembly. He said the American economy was "booming like never before" and that his administration has accomplished more in less than two years than almost any other administration. His boast elicited laughter from the scores of heads of state and delegates in the audience for the speech. Trump, who has long claimed that his predecessors' weak leadership prompted other nations "to laugh" at the US. appeared flustered and responded, "I didn't expect ...Keep on reading: World leaders laugh as Trump boasts of his achievements.....»»

Source: Inquirer InquirerCategory: Sep 26th, 2018Related News

PBA: On bad knees and feet, Joe Devance still stood tall against San Miguel

If it weren't for the persistence of Joe Devance, Ginebra would have only Prince Caperal as their only big man. The crowd darlings had a glaring shortage of centers and power forwards. Japeth Aguilar and Greg Slaughter, the famed Ginebra twin towers, were missing in action due to injury. Jervy Cruz was also not on the active list as he continues his recovery. Palms sweating, knees weak, Joe Devance provided a huge spark for Ginebra. If it were not for his 17 points, 4 rebounds, and 7 assists, things might have gone differently for the defending champions. Devance was not really going to play, but after Aguilar went down, he came at a crossroads. "It was a few days ago, Japeth got hurt in practice. He got hurt so I was like, ‘Oh man we don’t have any bigs, it’s just Prince’ so I just tried in practice and see how I feel. I just told coach that if I can get through it, I’ll do whatever I can to get through it," the burly big man shared after the game. Facing an equally-hobbled team in San Miguel, who were without four-time reigning MVP June Mar Fajardo and Marcio Lassiter, Devance stood in awe on how his team managed to score their fourth win of the conference. "It feels good to get a win especially against San Miguel. I know they have some guys that are hurt too but, it’s pretty crazy how many injuries we have right now. I think it’s like six or seven or something like that. It’s pretty amazing with just the things we are able to do right now." Despite not having a very positive assessment of his own knees -- which he said was 60 percent fine -- Devance maintained that he will do everything just to help the team, even at the expense of his own body. At 36 years old, the number 1 pick of the 2007 PBA draft is nearing the twilight of his career, and just elects to savor every moment he can while he's playing. "I don’t know if it’s my age or what it is but, I’m just trying to hang on and just keep up with these young guys, you know. I’m still having fun, it’s just when the pain is really bad, that’s when it gets tough." "Now again, it’s kinda hard but I’m hoping I can get back to just at least playing a little bit better. But I’m just proud of the guys. It’s all about the guys stepping up and they have been."   __   Follow this writer on Twitter, @philipptionary......»»

Source: Abscbn AbscbnCategory: SportsSep 24th, 2018Related News

Fitch downplays corporate tax cut’s lure

LOWER CORPORATE INCOME TAX RATES are unlikely to provide a big boost to inbound investments, Fitch Solutions said, noting that a weak business environment hounded by red tape still deters investors from making big bets in the Philippines. The post Fitch downplays corporate tax cut’s lure appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: NewsSep 20th, 2018Related News