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Binay dismisses corruption allegations as 'hearsay'

Thu, 09/18/2014 - 16:54
Under increasing pressure to refute corruption charges, beleaguered Vice President Jejomar Binay blasted political enemies on Thursday for using the Senate floor to besmirch his reputation, and using discredited witnesses who have been rejected by Makati voters in the past. The Vice President, who is widely believed to be eyeing the presidency in 2016, described the Senate investigation into the controversial “overpriced” Makati City Hall parking building as a “circus,” aimed at shaming him and his son, Makati Mayor Jejomar Erwin “Junjun” Binay Jr. ...

BSP watching foreign exchange rate volatility

Thu, 09/18/2014 - 16:54
Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. yesterday said the latest US Federal Reserve’s announcement of an unchanged policy stance is a US dollar-positive move, but it should not increase exchange rate volatility in the near term. Tetangco commented that while the US dollar gained strength following the US Fed’s tapering of bond purchases and keeping its low interest rates at current level, there was no need to panic yet. “The dollar yields did move up last night, but not in a destabilizing manner,” Tetangco said. ...

Rail fare increases implemented after upgrades, rehab – DOTC

Thu, 09/18/2014 - 16:54
The government’s long delayed plan to increase fares on Metro Manila’s urban rail lines will have to take a back seat until all upgrades and rehabilitation projects are completed, a Department of Transportation and Communications (DOTC) official said yesterday. Transportation Undersecretary Jose Perpetuo Lotilla said implementing the fare hike for Light and Metro Rail Transits (LRT-MRT) is inevitable considering the high cost of improving the transportation infrastructures. ...

PH flag raised at Athletes Village

Thu, 09/18/2014 - 16:54
Incheon, South Korea — The Philippine flag was raised Thursday at the Asian Games Athletes Village. The hope is that it will be raised again in the awarding ceremony when a Filipino athlete will receive a gold medal. Chief of mission Ricardo Garcia, right, joins members of the Philippine delegation sing the national anthem during flag-raising ceremony at the Asian Games Athletes Village Thursday. ...

3 killed in overloaded jeep – PNP

Thu, 09/18/2014 - 16:53
San Fernando City, La Union — Three out of 34 people packed in a public utility jeepney (PUJ) were killed when the overloaded vehicle, enroute to the city proper, tipped to its side while negotiating a sharp curve near an eroded portion of the road in Barangay Pias, here, yesterday morning. Local investigators of the Philippine National Police (PNP) identified the fatalities as Helen Salcedo, who expired while being treated at a local hospital; Evangeline Arizabal and Loren Mayo, who were pinned under the crashed jeep. ...

PH best for ASEAN

Thu, 09/18/2014 - 16:53
As the ASEAN companies gear up for maximizing opportunities from the ASEAN Economic Community in 2015, the ASEAN Business Advisory Council (BAC) is leading in the search for role models.  The 1st ASEAN Business Awards to be held in Myanmar in November  seeks to recognize both large businesses and small and medium enterprises in 2 categories – Innovation, Corporate Excellence and ASEAN Business Strategy for large businesses and Innovation, Young Entrepreneur and Women Leadership for SMEs. ...

Alphaland makes tender offer for minority shares

Thu, 09/18/2014 - 16:52
Alphaland Development, Inc., a firm controlled by Roberto V. Ongpin, is making a tender offer for the shares of its parent company Alphaland Corporation in order to provide an exit for minority shareholders before its delisting. In a tender offer report to the Philippine Stock Exchange, Alphaland said ADI is making the tender offer since Alphaland does not have enough cash to buy back its own shares from minority shareholders. IT said the tender offer shares amount to 2.99 million shares worth P27 million at the tender offer price of P9.03 per share. The shares represent about 1. ...

Resorts World’s Bayshore casino resort opening moved to 2018

Thu, 09/18/2014 - 16:52
Travellers International Hotel Group, Inc. has moved back the opening of Resorts World Bayshore integrated resort in the Pagcor Entertainment City to 2018 from 2016 due to a delay in the turnover of the property. In an interview at the sidelines of the annual stockholders’ meeting of parent company Alliance Global Group, Inc. (AGI), Travellers president Kingson Sian said  they will break ground on Resorts World Bayshore in the next 90 days. He said the first phase of Resorts World Bayshore will open in 2018 and this will include three hotels with a combined total of at least 800 rooms. ...

Visayas Newsbits for September 19, 2014

Thu, 09/18/2014 - 16:52
CENTRAL VISAYAS DRUG PROBLEM ASSESSED Central Visayas (PNA) — Police Regional Office in Region VII (PRO-7) Director, Chief Supt. Prudencio Tom Bañas says the magnitude of the illegal drug problem in Central Visayas is currently being assessed. Since he assumed office on June 11, a series of anti-illegal drugs operations has resulted in the arrest of several drug personalities and the confiscation of some P38 million worth of illegal drugs. Still, he says, “I can’t really say how big the problem remains; that’s why our anti-illegal drugs operations are continuous. ...

Over 6,000 board feet of illegally cut lumber seized

Thu, 09/18/2014 - 16:52
Butuan City – At least 6,200 board feet of illegally-cut lumber and flitches and two Saddam trucks were seized in two separate operations conducted by combined anti-illegal logging task forces in Agusan del Sur province, police reported Wednesday. A police report stated that the task forces apprehended on Monday two Saddam trucks loaded with wood from trees that are now illegal to cut, such as narra, tindalo, kamagong, bayong and other species with a total estimated volume of 5,000 bd. ft. (board feet) at Barangay Valentina, in La Paz town, Agusan del Sur province. ...

Lifestyle check vs cops with monkey business

Thu, 09/18/2014 - 16:52
Policemen engaged in illegal business activities better shape up. No more monkey business for cops, higher authorities warn. *** Members of the Philippine National Police who are suspected of enriching themselves or wallowing in illegal activities will be jointly targeted by the Bureau of Internal Revenue (BIR) and the Department of Interior and Local Government (DILG). Lifestyle check and tax strategy will be employed on policemen suspected of enriching themselves. *** BIR Commissioner Kim S. ...

Luzon Newsbits for September 19, 2014

Thu, 09/18/2014 - 16:52
‘BLESS OUR COPS’ Cabanatuan City, Nueva Ecija — Amid all the controversies involving scalawag cops, the Nueva Ecija Police Provincial Office (PPO) director launched here an advocacy within the organization, dubbed “Bless Our Cops” or “BOC.” Senior Superintendent Crizaldo Nieves said the BOC is important in the command group, staff, officers and personnel of the Philippine National Police (PNP) for them to be enlightened and motivated in their purpose as model officers and public servants. ...

Army takes sizable NPA camp in Iloilo

Thu, 09/18/2014 - 16:52
Igbaras, Iloilo — A camp over 700 square meters in size by Communist Party of the Philippines armed group, New People’s Army (NPA) in Igbarras town, Iloilo was discovered and seized by Philippine Army soldiers here. Lieutenant Colonel Aldwine Almase, commanding officer of the Philippine Army (PA)’s 82nd Infantry Battalion (82 IB), said the NPA camp was found after a five-minute firefight in Igcabugao village last Wednesday afternoon. ...

Wholesome automotive fun

Thu, 09/18/2014 - 16:52
The country’s biggest international motor show,the 5th Philippine International Motor Show (PIMS), opens today at the World Trade Center in Pasay City. With the theme “Progress in Motion, ” it going to delight the public with the latest models, concepts as well as various activities and deals until Sunday, Sept. 21. Those hoping to visit the autoshow may find the sheer number of booths, pavilions, cars and brands daunting. To ease any woes, we’ve prepared a guide to the venue and its various activities. ...

Ortigas & Co. seal deal with Maersk

Thu, 09/18/2014 - 16:52
Ortigas & Company, through real estate services firm CB Richard Ellis, recently signed an agreement with Maersk Global Service Centers (Philippines) Ltd., for an 8,900-square meter knowledge process outsourcing space in Estancia at Capitol Commons. Maersk Global Service Centers (Philippines) Ltd. is the Manila-based shared service center of the Maersk Group, a Denmark-based conglomerate involved in a wide range of activities in the shipping, logistics, and the oil and gas industries. ...

Congress steps into auto roadmap

Thu, 09/18/2014 - 16:52
Congress is stepping into the already long-delayed automotive roadmap to harmonize it with the country's logistics and transport infrastructure but has ruled out any new incentives except for alternative fuel vehicles. Senator Bam Aquino, chairman of the Senate committee on trade, commerce and entrepreneurship, told reporters at the opening of the 5th Philippine International Motor Show where he was the keynote speaker that he will file on Monday a resolution to conduct a public hearing and for the Department of Trade and Industry to present its planned automotive industry roadmap. ...

We need technocrats

Thu, 09/18/2014 - 16:52
There is a crying need for the government bureaucracy to be managed by technocrats. Today, we seem to be burdened by appointees and covetous politicians running our lives. No wonder our country is in a rut. We are threatened with power shortages. Our trains do not run on time; they breakdown at the most inauspicious hours. Our infrastructure is way behind the demands of modern society. Our airports are clogged, the airways are congested, and our public buses are death traps. Respected urban planner Felino Palafox observed our lack of technocrats to run the bureaucracy. ...

Sports

Thu, 09/18/2014 - 16:52
Exercise is necessary for good health. Sports promotes exercise. They say the best exercise is walking but this can be boring. We have many different kinds of sports but we must first make the distinction between spectator sports and participation sports.  In this country the largest audience for spectator sports is cockfighting. It may be American football in the States and soccer or football is for Europe and South America. It is probably hockey in the British Commonwealth. In participation sports, there is no doubt here the popular sport is basketball. ...

10 Things to See: A week of top AP photos

Thu, 09/18/2014 - 15:49

Here's your look at highlights from the weekly AP photo report, a gallery featuring a mix of front-page photography, the odd image you might have missed and lasting moments our editors think you should see.


43 accused of running cybersex ring in Philippines

Thu, 09/18/2014 - 12:34
MANILA, Philippines (AP) — Philippine authorities arrested 43 suspected members of a syndicate that runs a lucrative online cybersex operation catering to clients worldwide, officials said Thursday.