Advertisements


VFA not designed to protect our interest

Maybe President Duterte is a maverick president when at the outset he pursued an independent foreign policy. The problem, however, is that up to now many of our leaders cannot comprehend that the country’s foreign policy is only centered on our national interest; that it cannot go beyond or less than that. As President, his decision to discontinue the VFA stands as the highest judgment that without the VFA is good for this nation......»»

Category: newsSource: thestandard thestandardFeb 14th, 2020

World Balance Nxt Gear Collection is designed to protect

Introducing World Balance’s Nxt Gear Collection......»»

Category: newsSource:  philstarRelated NewsSep 25th, 2020

Duterte vows to uphold human rights, hits anti-govt ‘interest groups’

PRESIDENT Rodrigo Duterte vowed that the Philippines would continue to protect the rights of its people as he took a swipe at “interest groups” seeking “to discredit the functioning institutions and mechanisms of a democratic country and a popularly elected government”. Duterte renewed this commitment during his speech at a high-level general debate at the […].....»»

Category: newsSource:  manilatimes_netRelated NewsSep 23rd, 2020

Pandemic hammers HSBC profits in H1

HONG KONG (AFP) – HSBC on Monday said profits for the first half of 2020 plunged by 69 percent on year as the banking giant was hammered by the coronavirus pandemic and spiralling China-US tensions. The lender reported post-tax profits of $3.1 billion while pre-tax profit was $4.3 billion, a 64 percent drop on the same period last year. Reported revenue was down nine percent at $26.7 billion. Chief executive Noel Quinn described the first six months of the year as ”some of the most challenging in living memory”. ”Our first-half performance was impacted by the COVID-19 pandemic, falling interest rates, increased geopolitical risk and heightened levels of market volatility,” he said in a statement to the Hong Kong stock exchange, Even by the standards of the current economic maelstrom engulfing global banks, HSBC has had a torrid year. Before the coronavirus crisis it was beset by disappointing profit growth, ground down by US-China trade war uncertainties and Britain’s departure from the European Union. The Asia-focused lender embarked on a huge cost-cutting initiative at the start of the year, including plans to slash some 35,000 jobs as well as trimming fat from less profitable divisions, primarily in the United States and Europe. The coronavirus upended some of that cost-cutting drive with banks hammered by market volatility and the economic slowdown caused by the pandemic. But HSBC has a further headache — geopolitical tensions via its status as a major business conduit between China and the West. HSBC makes 90 percent of its profit in Asia, with China and Hong Kong being the major drivers of growth.  Caught in crossfire As a result it has found itself more vulnerable than most to the crossfire caused by the increasingly bellicose relationship between Beijing and Washington. The bank has tried to stay in Beijing’s good graces. It vocally backed a draconian national security law that Beijing imposed on Hong Kong in June to end a year of unrest and pro-democracy protests. The move sparked criticism in Washington and London but analysts saw it as an attempt to protect its access to China, which has a track record of punishing businesses that do not toe Beijing’s line. But that has not shielded it from Beijing’s wrath. Last month the bank was a subject of multiple reports in China’s state-run media claiming that it had helped to provide the evidence that led to the arrest in Canada of Huawei executive Meng Wanzhou on a US arrest warrant. HSBC released a statement on its Chinese Weibo accounts saying it had not ”framed” telecom giant Huawei or ”fabricated evidence” that led to the arrest of Meng. China’s internet censors blocked access to HSBC’s statement within hours of publication, without offering an explanation. Quinn referenced the bank’s growing political vulnerability in Monday’s statement. ”Current tensions between China and the US inevitably create challenging situations for an organization with HSBC’s footprint,” he said. ”However, the need for a bank capable of bridging the economies of East and West is acute, and we are well placed to fulfill this role,” he added. The bank’s Asia operations continued to show ”good resilience”, Quinn said, with profit before tax of $7.4 billion. Earlier this year Quinn put some of the job cuts on hold as the pandemic struck. But in Monday’s statement he vowed to press ahead with the cost-cutting. ”As we seek to accelerate our transformation in the second half of the year, I am mindful of the impact it will have for some of our people, particularly those leaving us,” he said......»»

Category: sportsSource:  abscbnRelated NewsAug 3rd, 2020

House panel eyeing legalization of motorcycle taxis

UP-NIH says use of helmets,  face shields protect riders The chairman of the House Committee on Transportation has given the green light to its technical working group (TWG) to convene and jumpstart the deliberation on the proposed resumption of the operations of motorcycle taxis, and the measures seeking to legalize the operations of the two-wheel vehicles. (JANSEN ROMERO / MANILA BULLETIN) This was the guidance given by Samar 1st District Rep. Edgar Mary Sarmiento to Navotas lone District Rep. John Reynald Tiangco during his panel’s recent virtual motu proprio probe on land transportation policies concerning the back-riding and motorcycle taxi operations.Tiangco heads the TWG, which was created by the House panel last January to thresh out the issues concerning the motorcycle taxi operations. Sarmiento approved the motion made by Manila 5th District Rep. Cristal Bagatsing for Congress to “spearhead the evaluation of the pilot study of motorcycle taxis”, along with other government agencies sitting at the TWG that earlier conducted pilot  tests on motorcycle taxis. Bagatsing laments that the TWG’s report on pilot testing “is lacking and seems to be rushed.”LTO Chief Assistant Secretary Edgar Galvante admitted that the report is “somewhat lacking”, explaining that some activities that were supposed to have been conducted have not been conducted at all because of the pandemic.The LTO official said the TWG focuses on the aspect of “safety evaluation” and not on the economic viability of the motorcycle. The Sarmiento panel called on  Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-EID) and National Task Force (NTF) Against coronavirus disease (COVID-19)  to allow ride sharing or motorcycle taxis to operate, provided that the riders and drivers strictly follow heath protocols as sought by Quezon City 2nd District Rep. Precious Hipolito Castelo.  Castelo said by allowing the operation of the motorcycle taxis, the government will be able to augment its public transport system and respond to the transportation needs of the commuting public.The Sarmiento panel also decided to adopt the motion made by Iloilo City lone District Rep. Julienne “Jam” Baronda calling on the DOTr’s TWG to extend its  pilot tests for motorcycle taxis, which lapsed on March 23.During the hearing, Dr. Vicente “Jun” Belizario of the the University of the Philippines College of Public Health (UP-CPH) said they have been asked by motorcycle ride-hailing service Angkas to provide technical support to  develop guidelines promoting health and safety in motorcycle taxi operations during the time of COVID-19 and the new normal. “The guidelines that we have drafted are consistent with policies and protocols coming from international organisations— WHO (World Health Organisation), US Center for Disease Control and Prevention,” he said, citing that they also strongly considered the recommendations made by the Department of Health (DOH), the Department of Labor and Employment (DOLE), and the DOTr.Citing the study published in The Lancet, he said the chance of COVID-19 transmission is reduced if masks or respirators are worn, and the helmets may also function as face shields, thus not only reducing the risk of injuries, but importantly, increasing protection also from possible air droplet transmission. He said while, the use of the so-called barriers or shields provides an additional layer of protection, there should be “additional studies” on the potential role of barriers or the shield in preventing COVID-19 transmission in motorcycle back-riding. Citing the study published in The Lancet, Belizario also stressed that that with poor ventilation, you have increased the risk of respiratory infection, including COVID-19.He said for the control and prevention COVID-19, it is important to impose “diligent use” of a combination of proven measures or layers of protection. There must be heightened awareness among the public, internal and external monitoring by private company and government officials, and collaboration is needed more than ever to promote health and safety in the transport sector, Belizario stressed.During the hearing, George Royeca, Angkas Chief Transport Advocate, noted that they engaged the services of the Total Control, a motorcycle safety firm in the United States for the last 30 years, to design the shield “to make it very light weight and aerodynamic” and ensure its roadworthiness. “The weight of this shield is less than 1 kg so it does not hamper the operations of the motorcycle. Dito po nakalagay (It was indicated here), (the speed was) up to 30 to 40 kph na meron po syang sakay sa likod (and there was a backrider) , she felt almost no wind drag and she was able to manage it well with the driver leaning in to the turns because wala pong metal barrier na nakasagabal (there was no metal barrier) in between them, and then he brought it out to C-5, all the way up to 90 kph and based from his testimony, there was turbulence but not enough be able to throw them off balance, it still maintain the stability,” he said, as he presented the specifications of the Angkas shield, which was approved by the IATF, apart from the prototype of Bohol Governor Arthur Yap.He told the lawmakers that their designed shield “doesn’t break and (is) malleable.”.....»»

Category: newsSource:  mb.com.phRelated NewsAug 1st, 2020

UK defends coronavirus plan as wartime measures loom

LONDON, United Kingdom – Britain on Sunday, March 15 ,said its criticized plan to deal with coronavirus was designed to "protect life" in a "sustainable" manner as it prepared to unveil "wartime-style" measures to tackle the outbreak. The government has yet to implement the kind of tough measures that continental Europe has adopted, ........»»

Category: newsSource:  rapplerRelated NewsMar 15th, 2020

The & lsquo;pastillas& rsquo; caper

​By all accounts, those Bureau of Immigration personnel involved in the so-called pastillas operation made a killing from what they did. No less than the President looked into the revelation and confirmed it to be true. One wonders whether the people involved realize the kind of damage they inflicted on the reputation of the country when they embarked on their profitable money-making scheme. These people put their greed ahead of the interest of the country they have sworn to protect. This is not only a simple problem of corruption because there are many attendant consequences with what they did......»»

Category: newsSource:  thestandardRelated NewsFeb 27th, 2020

Philippine mission mandate is to protect interest, welfare of fellow citizens- Embassy source

By Ben Garcia KUWAIT: The Philippine Embassy responded to a news article published last week warning it against sheltering runaway workers inside the embassy building, reminding the Philippines that s.....»»

Category: newsSource:  manilanewsRelated NewsFeb 10th, 2020

Gwen infers ‘conflict of interest’ in Manila Water JIA terms breach

CEBU CITY, Philippines —   Governor Gwendolyn Garcia is suspecting conflict of interest as the reason behind former Capitol officials “failure to protect the interest of the province” concerning the joint investment agreement of the provincial government and Manila Water Consortium Inc. In a press conference on Monday, December 16, Garcia lashed out at the administration […] The post Gwen infers ‘conflict of interest’ in Manila Water JIA terms breach appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsDec 16th, 2019

DTI, BoC officials, big steelmakers in hot water

Top officials of the Department of Trade and Industry (DTI) and the Bureau of Product Standard are allegedly engineering a cover-up designed to protect large steelmakers in the Philippines, whose…READ.....»»

Category: newsSource:  manilatimes_netRelated NewsSep 13th, 2019

Phl worth your investments, Duterte assures

BEIJING—President Rodrigo Duterte encouraged Chinese businesses to invest in the Philippines and made an assurance to protect their investments by providing corruption-free business environment. “Let me thank our Chinese friends for the interest to be part of the Philippines’ growth story. We are encouraged by your vote of confidence in our economy,” he said in […] The post Phl worth your investments, Duterte assures appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsAug 31st, 2019

Duterte verbal orders: Designed to protect himself

Photo from pcoo.gov.ph.JUST HOURS after President Rodrigo Duterte had received information a.....»»

Category: newsSource:  manilanewsRelated NewsAug 22nd, 2019

Duterte verbal orders: Designed to protect himself

Photo from pcoo.gov.ph.JUST HOURS after President Rodrigo Duterte had received information a.....»»

Category: newsSource:  philippinetimesRelated NewsAug 22nd, 2019

BASELESS AND MEANT TO HARASS GOV’T PEOPLE

UNPERTURBED Valenzuela City Mayor Rex Gatchalian merely shrugged off a complaint lodged by a homeowners’ association saying it’s just meant to harass government people who’re committed to protect the people’s interest. Like all previous complaints filed against the city government, he trusts the wisdom of the Ombudsman to see that the complaint totally bears no […].....»»

Category: newsSource:  remateRelated NewsJun 18th, 2019

POC president Vargas removes board members

Philippine Olympic Committee Ricky Vargas sacked members of the board during a heated general assembly on Monday. Vargas gave membership committee head Robert Bachmann, board members Joey Romasanta, Peping Cojuangco, chef de mission Monsour Del Rosario and deputy CDM Charlie Ho the boot from their respective positions saying that ‘the individuals I mentioned have lost my trust and confidence.’ He stripped Bachmann of his position as membership committee chair and was replaced by General Lucas Managuelod. Vargas withdrew the chairmanship of Cojuangco in the constitutional amendments committee and assumed the position. Del Rosario and Ho were forced to vacate their positions and will be replaced within the few days, Romasanta was bumped off his spot as CDM to the 2020 Tokyo Olympics with Vargas nominating POC chairman Bambol Tolentino as his replacement.                Vargas’ decision came after the group held unauthorized meetings last April 30 and last Saturday.   Vargas said that he did not approve of these meetings but the group went ahead anyway even without his, Tolentino and Secretary-General Patrick Gregorio’s presence. The letter that resulted out of the April 30 meeting was signed by board member Clint Aranas, who Vargas said ‘never attended a single board meeting or general assembly in recent memory’, International Olympic Committee representative to the PHI Mikee Cojuangco-Jaworski and members of the board namely former POC president Cojuangco, 1st vice-president Romasanta, 2nd vice-president Jeff Tamayo, treasurer Julian Camacho and auditor Jonne Go. “I am puzzled by the inclusion of Ms. Jaworski. I will send a query to the IOC about their representative meddling in the internal affairs of our organization. My understanding is, she is part of the POC board to protect the interest of the IOC and the Olympic Programme. Not to interfere in internal conflict,” said Vargas in his statement. Vargas called the letter of the meetings as ‘offensive, insulting, vilifying and demeaning’ as it pointed several questions about him with a stern 5-day deadline to reply ‘like a reprimanded subordinate or a recalcitrant child.’    “But this was too much. It was too offensive for me to honor so I kept my peace and let the deadline pass as I prepared to take my case to you here in this General Assembly,” said Vargas. The president swiped at the group saying, ‘This group sees me as an interloper, an outsider. I am not one of them. I am unwelcome.’ Before adjourning the meeting, Vargas in his statement dropped the hammer on the group......»»

Category: sportsSource:  abscbnRelated NewsMay 27th, 2019

Palace backs review of Kuwait agreement on OFWs

Malacañang yesterday expressed support for a review of the agreement designed to protect overseas Filipino workers (OFWs) in Kuwait following the brutal death of a Filipina domestic worker in the Gulf state......»»

Category: newsSource:  philstarRelated NewsMay 21st, 2019

Ceferin stresses big clubs with closed Champions League idea

By Rob Harris, Associated Press UEFA President Aleksander Ceferin told leaders from European leagues not to forget the importance of big clubs in generating cash during a private meeting in which plans were detailed for a closed-off Champions League favoring the elite. A recording and images obtained by The Associated Press from the meeting at the UEFA headquarters on Wednesday highlights the schism between clubs and leagues over the ability to influence UEFA as it considers revamping its club competitions starting with the 2024-25 season. The dramatic proposal, shown during the meeting in Nyon, would lock in 24 of the 32 slots in the Champions League without the need to qualify annually through domestic leagues and would introduce promotion from and relegation to the Europa League. The plan has infuriated domestic leagues, particularly La Liga President Javier Tebas, who views UEFA as too closely aligned to the vision of European Club Association head Andrea Agnelli of Juventus. In a letter obtained by the AP last month, European Leagues President Lars-Christer Olsson floated the possibility of an investigation to determine whether the ECA was abusing a dominant position as UEFA was lobbied for more games between leading clubs. "Speaking about big clubs, this is a typical populist tool that is used in Europe not only in football," Ceferin told European Leagues representatives in the closed-doors meeting. "More and more the rich are taking everything from you and we the rich will help. Is that logical? I don't think so. And it's true big clubs are taking a lot of money, the most the biggest amount of money because of their results. And it's true that we have to think about that. But they're also bringing a lot of money on the table which is very easily forgotten." Hitting out at claims he is "killing football," Ceferin rebuked members of the European Leagues organization over public criticism and warned his executive committee could have pushed ahead with a revamp of competitions without discussing it with them. "We will not insult, but the more shouting there will be, the less consultation process there will be," Ceferin said. "Shouting in the media tells us much more about those people than about UEFA," Ceferin added. "We were listening about what will happen here, about how we are killing football, destroying football — despite the fact that UEFA is the only organization in European football that shares money as solidarity to every single country in Europe." The early UEFA vision, if approved, would see the Champions League group stage start a month earlier in August and double the size of each group to eight teams. But 24 of the 32 clubs in the 2024-25 group stage could retain their places the following season regardless of their domestic league finish. That would give certainty to leading clubs that attract the biggest television audiences but reduced opportunities for outsiders. Four Champions League teams will be relegated each season into the next season's second-tier Europa League. They would be replaced by the Europa League semifinalists, who would be promoted. Only four qualifying places would be left for national champions competing in preliminary rounds. It would leave the Dutch league runner-up — as Ajax was before reaching the Champions League semifinals this season — with no ability to qualify. Promotion and relegation is also envisaged between the Europa League and a third-tier competition that has yet to launch. The third competition, first revealed by the AP in 2015, would kick off in the 2021-22 season with a 32-team format in eight groups of four. But it could be enlarged to 64 teams from 2024, with four groups of 16 teams, possibly arranged by region, according to the UEFA documents. "You have to know that the ones who are shouting generate huge revenues and don't share anything with the others in Europe," Ceferin said. "The ones who really have problems respectfully and humbly wait for our explanation. And that's why we want to discuss we want to discuss because of the ones who deserve. That we discuss the ones who need our help and not the ones who are scared about their personal interest." In 2016, Ceferin decried a secret deal over Champions League changes agreed just before he was elected to succeed Michel Platini as UEFA president. Ceferin was frustrated UEFA caved into demands of Spain, Germany, England and Italy to guarantee them 16 of the 32 Champions League group-stage places. Now Ceferin is giving the impression he is consulting more by bringing leagues and clubs to meetings in Nyon. But his unhappiness with officials from leagues was clear in the tone. "We can go to the ExCo and decide and not ask anyone and your representative in the ExCo go can vote against," Ceferin said, referring to Olsson, who sits on the executive committee. "But we don't want to do it. That's why we are discussing. Legal action threats, I will not comment that much. As a lawyer with 25 year experience, this is quite the joke." Ceferin called on European Leagues officials to approach the talks "with some class without hostility and without false solidarity" and challenged them to come forward with proposals. "I hope we will exchange many important ideas and arguments," Ceferin said. "And if we do that we will come at the end to a solution that will be good for all the European football and — trust me or don't trust me — but the fact is that for UEFA that's our goal. We cannot do what clubs say and we cannot do what league say. We will do what is right for European football. And we will protect it together.".....»»

Category: sportsSource:  abscbnRelated NewsMay 11th, 2019

Formula 1's debt-ridden Manor Racing go into administration

JUSTIN PALMER, Associated Press br /> LONDON (AP) — The operating company of Manor Racing was placed in administration on Friday, putting in major doubt the British-based Formula One team's participation this year. Manor, which finished 11th and last in the constructors' championship last season, has been seeking new investors, and administrator FRP Advisory said there was 'a limited window of opportunity' for new owners before preseason testing and the first race in Melbourne on March 26. Geoff Rowley, a joint administrator and partner at FRP Advisory, said, 'During recent months, the senior management team has worked tirelessly to bring new investment to the team to secure its long-term future, but regrettably has been unable to do so within the time available. 'Therefore, they have been left with no alternative but to place Just Racing Services Limited into administration.' Manor Grand Prix Racing Ltd, the sister company of JRSL, which has the rights for the team's participation in F1, was not in administration, which is designed to protect insolvent companies from their creditors. FRP said no redundancies have been made following JRSL's entering into administration, and all 212 staff were paid in full to the end of December. Manor, formerly known as Marussia, which went into administration in late 2014, was in discussions with investor groups throughout last year, and agreed on terms of a sale to an Asian investment consortium in December, only for the deal to fall through. German driver Pascal Wehrlein secured the team's only point last year with a 10th-place finish in Austria. But in the the penultimate race in Brazil, Manor was overtaken by Sauber in the standings following Felipe Nasr's ninth-place finish, a result that was reported to have cost Manor some $30 million in prize money. Stephen Fitzpatrick, owner of Manor Racing since 2015, said in a letter to staff on Friday that it was a 'disappointing end to a two-year journey for Manor.' 'When I took over the team in 2015, the challenge was clear; it was imperative that the team finish in 10th place or better in 2016. For much of the season we were on track,' Fitzpatrick wrote. 'But the dramatic race in Brazil ended our hopes of this result and ultimately brought into doubt the team's ability to race in 2017. 'I look back on 2016 with pride in what Manor accomplished in what was the most successful year in the team's history. I would like to thank the team for their constant hard work, determination and passion. We made a huge amount of progress on and off track but ultimately it was not enough.' .....»»

Category: sportsSource:  abscbnRelated NewsJan 6th, 2017

IC introduces performance indicators to guide microinsurance industry

MANILA, Philippines - In an effort to ensure the financial health of microinsurance providers and protect the interest of the insured public, the Insurance C.....»»

Category: financeSource:  philstarRelated NewsDec 31st, 2016

Pork producers push for hike in pork offal tariffs

MANILA, Philippines - The country’s pork producers are urging the government to increase the tariff on imported pork offal to protect the interest of domesti.....»»

Category: financeSource:  philstarRelated NewsOct 6th, 2016

President Duterte to next release list of big tax evaders

CATBALOGAN CITY, Samar –- President Rodrigo R. Duterte will soon release a list of wealthy tax evaders in the country, citing his administration's thrust to protect government’s interest......»»

Category: newsSource:  mb.com.phRelated NewsAug 9th, 2016