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Settle in with these weekend reads

CNN Top Stories - Sat, 06/01/2019 - 06:10
A Stars Wars theme park opens at Disneyland, the National Spelling Bee crowns eight winners, and the future of abortion rights remain unclear. Grab a cup of coffee and settle in. Here's what you might have missed during this busy week.
Categories: Breaking News

Sir Philip Green charged in United States with four misdemeanors

CNN Top Stories - Sat, 06/01/2019 - 06:05
Retail mogul Sir Philip Green has been charged with four counts of misdemeanor assault in the US, after a Pilates instructor accused him of repeatedly slapping and touching her body during classes.
Categories: Breaking News

Hundreds of roads under water as historic flooding breaches levees and threatens communities

CNN Top Stories - Sat, 06/01/2019 - 05:53
Heavy rains in the central United States have caused levees to breach along the Mississippi and Arkansas rivers, which may eventually put thousands of homes in danger.
Categories: Breaking News

The US President overruled two of his top economic advisers in deciding to impose tariffs over immigration

CNN Top Stories - Sat, 06/01/2019 - 05:53
President Donald Trump overruled a pair of his top economic advisers in deciding to move ahead with his tariff threat against Mexico over immigration. But as he faced a stock market slide and opprobrium from key Republican senators on Friday, the President held firm, tweeting: "It's time!"
Categories: Breaking News

On the PDI price increase: Value beyond printed page

Inquirer Breaking News - Sat, 06/01/2019 - 05:42
Consumers have experienced a general increase in the costs of goods and services for the past years. The Philippine Daily Inquirer has tried to hold off an increase in its cover price; its last increase was 15 years ago even while its competitors had earlier raised their respective prices.   But the increase in world newsprint prices and in transportation costs and the depreciation of the peso have affected the general cost of production. Starting June 1, therefore, the Inquirer will raise its cover price from P18 to P20 for the Monday to Saturday issues. The Sunday issue will remain at P20.   Part of the proceeds of the increase in the newspaper's cover price will ...

Keep on reading: On the PDI price increase: Value beyond printed page
Categories: Breaking News

Passing first test

Inquirer Breaking News - Sat, 06/01/2019 - 05:40
  Two teams made their tournament debuts in the PBA Commissioner's Cup on Friday night, but only one ended up satisfied with the result. Phoenix Pulse coach Louie Alas, in fact, seemed pretty amazed at how his team held off a young and pesky Blackwater side, 103-98, at Mall of Asia Arena. "I was looking at the stat sheet and we nearly did everything we had hoped to do," Alas said. The Fuel Masters were the No. 1 team at the end of the elimination round of the Philippine Cup but lost in a semifinal duel with eventual champion San Miguel Beer. The No. 2 team at the end of the same round then was Rain or Shine, which lost to eventual all-Filipino runner-up Magnolia a...

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Categories: Breaking News

Lacson slams clashing PDEA, BOC statements on drug seizure

Inquirer Breaking News - Sat, 06/01/2019 - 05:40
  Officials of the Philippine Drug Enforcement Agency (PDEA) may have pulled a fast one on their counterparts in the Bureau of Customs (BOC) after customs officers claimed they were not aware that the shipment they auctioned off in April contained P1.8 billion worth of "shabu" (crystal meth), Sen. Ping Lacson said on Friday.   Lacson, who on Wednesday delivered a privilege speech on the confiscation of 276 kilograms of shabu and the escape of a Chinese suspected of facilitating the smuggling, slammed the contradictory statements of PDEA and BOC officials on the seizure of the narcotics.   He said the customs officials may have taken back their previous s...

Keep on reading: Lacson slams clashing PDEA, BOC statements on drug seizure
Categories: Breaking News

PMAers, PIA exec gang up on ‘next press secretary’

Inquirer Breaking News - Sat, 06/01/2019 - 05:38
Talk about getting a dose of your own medicine.   Radio host Erwin Tulfo, who had earlier called Social Welfare Secretary Rolando Bautista "mentally deranged" on air for supposedly refusing to grant him an interview, found himself at the receiving end of expletives, with Bautista's fellow government officials and military colleagues slamming him for being a "pretentious, poisonous media personality" and calling for his dismissal from state-owned Radyo Pilipinas.   In his radio program "Tutok Erwin Tulfo" aired on May 27, the tough-talking anchor repeatedly berated Bautista and warned that he would slap him and dunk his face into a toilet bowl should they meet. This ...

Keep on reading: PMAers, PIA exec gang up on ‘next press secretary’
Categories: Breaking News

Lawmakers, poll watchdogs back Duterte call vs Smartmatic

Inquirer Breaking News - Sat, 06/01/2019 - 05:36
  Several lawmakers and poll watchdogs on Friday welcomed President Duterte's call for the Commission on Elections (Comelec) to ditch the Smartmatic voting system and look for another technology provider that is "free of fraud."   "Whether or not the suspicions against the integrity of Smartmatic are valid, the efficiency of the system is now put under question," Sen. Panfilo Lacson said.   "I think it's about time for us to look for other suppliers," he said, adding that he was open to adopting a "hybrid system" that allows manual vote count at the precinct level.   Sen. Aquilino Pimentel III, head of the congressional oversight committee on ...

Keep on reading: Lawmakers, poll watchdogs back Duterte call vs Smartmatic
Categories: Breaking News

Thurman must be told why he’s ‘B’ side

Inquirer Breaking News - Sat, 06/01/2019 - 05:35
Welterweight boxing champion Keith Thurman, 30, roared in protest after being tagged the "B" side fighter in his July 20 showdown with Manny Pacquiao. Thurman, 29-0, 22 KOs, has always felt superior and supreme since being elevated as WBA "super" welterweight champion. Pacquiao is also WBA welterweight champion and, for the record, has been content being tagged "regular" or secondary champion, the underdog. There's no clear label for the July 20 bout in Las Vegas, but the result should readily establish the definite supreme WBA welterweight ruler. Meanwhile, Thurman, has not relented in pushing Pacquiao around with trashy verbal blows. He said he would retire Pacquiao by m...

Keep on reading: Thurman must be told why he’s ‘B’ side
Categories: Breaking News

With trash finally out, PH diplomats returning to Canada

Inquirer Breaking News - Sat, 06/01/2019 - 05:34
  Tons of garbage illegally exported to the country years ago were finally shipped back to Canada on Friday, prompting Foreign Secretary Teodoro Locsin Jr. to order the return of Filipino diplomats to their posts in the North American country.   The 69 containers of garbage were loaded overnight onto the MV Bavaria, a Liberia-flagged container ship, at Subic Bay Freeport and began the 23-day voyage to the Canadian city of Vancouver at Ottawa's expense.   Presidential spokesperson Salvador Panelo on Friday said he hoped ties with Canada would now return to normal.   Locsin said the diplomatic row over the trash had ended and urged both countries to...

Keep on reading: With trash finally out, PH diplomats returning to Canada
Categories: Breaking News

OCD: P5B already released for Marawi siege victims

Inquirer Breaking News - Sat, 06/01/2019 - 05:32
The Office of Civil Defense (OCD) clarified on Friday a Commission on Audit (COA) report that called it out for spending in 2018 only P10,000 of nearly P37 million in donations to victims of the Marawi siege.   In a statement, Ricardo Jalad, National Disaster Risk Reduction and Management Council (NDRRMC) administrator and OCD executive director, said that as of May 30, a total of P5.164 billion had already been released for the Marawi rehabilitation and reconstruction program, with P4.8 billion released in 2018.   The OCD serves as the implementing arm of the NDRRMC and coordinator of Task Force Bangon Marawi (TFBM), a government interagency group organized to faci...

Keep on reading: OCD: P5B already released for Marawi siege victims
Categories: Breaking News

UAAP stars turn back NCAA counterparts

Inquirer Breaking News - Sat, 06/01/2019 - 05:30
Straight from his high school graduation, Mark Nonoy arrived just in time---the start of the fourth period---to help Team UAAP cement an 86-83 victory over Team NCAA in the Filoil Flying V Preseason Cup All-Star Game on Friday. "He's a jitterbug," UAAP coach Franz Pumaren of Adamson said when asked about Nonoy, whose pass to a streaking Simon Camacho after a missed jumper by NCAA's JC Marcelino led to the game's final two points. Nonoy, who will remain with University of Santo Tomas and quarterback the senior team after a decorated stint in high school, finished with eight points despite coming in late for the match. The UAAP selection was up by six, 84-78, going into the final ...

Keep on reading: UAAP stars turn back NCAA counterparts
Categories: Breaking News

Duterte to China: Why claim entire South China Sea?

Inquirer Breaking News - Sat, 06/01/2019 - 05:30
  TOKYO---President Duterte on Friday said he loved China as an ally but questioned the claim by the Asian economic powerhouse over the whole South China Sea.   It was the first time that Duterte directly confronted China publicly on whether it had the right to claim the strategic waterway.   The President made the remarks in a speech at the 25th International Conference on the Future of Asia in Tokyo organized by Nikkei Inc.   "I love China," he said. "it has helped us a bit. But it behooves upon us to ask: Is it right for a country to claim the whole ocean?" Aggressive actions   Philippine defense and military officials hav...

Keep on reading: Duterte to China: Why claim entire South China Sea?
Categories: Breaking News

More monetary easing looms

Inquirer Breaking News - Sat, 06/01/2019 - 05:30
Prices are expected to have risen between 2.8-3.6 percent in May ---broadly unchanged from the previous month's moderate pace ---due to the combined effects of a transport fare hike in the Visayas and the higher cost of selected food items, according to central bank economists. In a statement, the Department of Economic Research of the Bangko Sentral ng Pilipinas said the May inflation rate, which follows the 3-percent pace of price increases in April, could also be influenced temporarily by "positive base effects" coming off high levels recorded during the same period last year. Meanwhile, lower rice and domestic oil prices alongside downward adjustment in electricity rates are se...

Keep on reading: More monetary easing looms
Categories: Breaking News

Fitch affirms ‘BBB’ rating for PH

Inquirer Breaking News - Sat, 06/01/2019 - 05:28
Fitch Ratings maintained the country's credit rating at "BBB" with a "stable" outlook, citing sustainability of the economy's robust growth while recognizing successful efforts to bring inflation back to target. The rating is a notch above the minimum investment grade and the stable outlook indicates the absence of factors that can change the rating within the short term. It came a few weeks after another international debt watcher, Standard & Poor's, raised the Philippines' credit rating to "BBB+"---two notches above investment grade and the country's most credit-worthy status to date. In a report released May 30, 2019, Fitch said it expected the Philippine economy to grow ...

Keep on reading: Fitch affirms ‘BBB’ rating for PH
Categories: Breaking News

New hope for local coconut farmers as US opens market

Inquirer Breaking News - Sat, 06/01/2019 - 05:28
The Philippines is now preparing for its first shipment of young coconuts to the United States after a new trade deal was struck between the two countries following a bilateral meeting last week. The local coconut industry is aiming to log its first shipment in July, with high hopes that it may be able to dominate the coconut segment of the US market now being led by Thailand. While Thailand has stronger government assistance and is more diversified with its products, Philippine Coconut Authority (PCA) consultant Tommy Jalos said the government "is looking forward to penetrate the US market with a bigger volume and more attractive price points." Agriculture Secretary Emmanuel Pi...

Keep on reading: New hope for local coconut farmers as US opens market
Categories: Breaking News

No threat to inflation seen from prolonged El Niño

Inquirer Breaking News - Sat, 06/01/2019 - 05:26
The El Nio phenomenon may linger in the country longer than expected, but the Bangko Sentral ng Pilipinas (BSP) said this would not have an effect on inflation and put "negligible" pressure in the price of rice. Bruce Tolentino, a member of the policymaking Monetary Board of the Bangko Sentral ng Pilipinas, said that even when a much longer drought would persist until 2020 as forecast by the state weather bureau, the affected areas were "not significant for rice," adding that "rains have already come for Central Luzon and Cagayan Valley" where the bulk of the country's rice production came from. This means the impact of the El Nio especially in food production would not be drastic ...

Keep on reading: No threat to inflation seen from prolonged El Niño
Categories: Breaking News

PAL sets share sale in ‘20 to raise funds for expansion

Inquirer Breaking News - Sat, 06/01/2019 - 05:24
  The listed operator of flag carrier Philippine Airlines (PAL) is launching a share sale in 2020 after stockholders on Thursday approved a plan to increase its authorized capital, company president Jaime Bautista said. Fresh funds from the share offer will help PAL Holdings expand its network and acquire more planes. PAL Holdings said on Thursday it had sought the Securities and Exchange Commission's approval as shareholders gave the go-ahead to increase its capital by almost 50 percent to P20 billion. Bautista told reporters at the sidelines of PAL Holdings' annual meeting that they would finalize details pertaining to the offer, including the size of the transacti...

Keep on reading: PAL sets share sale in ‘20 to raise funds for expansion
Categories: Breaking News

AirAsia PH reported profit in Q1

Inquirer Breaking News - Sat, 06/01/2019 - 05:22
Budget airline AirAsia Philippines posted a profit in first quarter of the year as it expanded capacity amid high demand. Malaysia's AirAsia Berhad said its Philippine unit recorded a net income of P425 million, up 12 percent, as revenue rose by 27 percent. The company said the performance put AirAsia Philippines and other regional units on track to end 2019 with a profit. AirAsia Philippines booked a P2.94-billion loss in 2018 on higher jet fuel expenses. AirAsia Philippines has been expanding aggressively, widening its route network and increasing its fleet of mid-range Airbus A320s for domestic and regional flights. Meanwhile, it has moved to contain costs and boost yields...

Keep on reading: AirAsia PH reported profit in Q1
Categories: Breaking News

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