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Gen Z hacks problems towards future-proofing the insurance business

Inquirer Breaking News - 4 hours 49 min ago
With the current insurance penetration rate at less than 2 percent, and a protection gap at a gaping P1.5 trillion, there is definitely a need for the entire insurance industry to hustle and make itself heard and understood by the up and coming Generation Z (Gen Z) market. Taking a different approach in addressing this challenge, the country's leading insurance company AIA Philam Life, turned to college students for fresh ideas through AIA Philam Life Hackers 2019, an innovation contest to hack and future-proof the company, which was held last November 9 and 10 in Pasig City. According to AIA Philam Life Chief Operations Officer Gigi Pio de Roda, over 500 students from close to 40 sch...

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Alson’s 105-MW coal-fired plant at Sarangani power complex now online

Inquirer Breaking News - 4 hours 49 min ago
Alsons Power Group on Friday formally launched the second 105-megawatt coal-fired power generator of its unit, Sarangani Energy Corp. (SEC), and announced the start of construction of its P4.5-billion, 14.5-MW Siguil River hydroelectric power plant, both located in Maasim, Sarangani. SEC's baseload plant--- which runs round the clock to provide electricity to the grid--- began operating in 2016 with the first 105-MW unit. The second unit started commercial operations last October. The power plant complex now delivers power to over six million people in 10 provinces and 12 key cities in Mindanao, including Cagayan de Oro, General Santos, Iligan, Butuan, Digos, Dipolog and Pagadian. ...

Keep on reading: Alson’s 105-MW coal-fired plant at Sarangani power complex now online
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GBP, Global Estate Resorts ink power supply deal

Inquirer Breaking News - 4 hours 51 min ago
The retail unit of Global Business Power Corp. (GBP) signed a 4-megawatt power supply deal with Global Estate-Resorts Inc. (Geri) for the latter's 140-hectare township in Boracay, the Boracay Newcoast. According to GBP, the arrangement between its subsidiary, Global Energy Supply Corp., and the Megaworld subsidiary was being done through the retail competition and open access (RCOA) scheme of the Energy Regulatory Commission. Under the Electric Power Industry Reform Act, "contestable customers," or those whose peak demand fall within the threshold level of contestability---at a minimum of 1 MW at present---are allowed through RCOA to freely choose their electricity supplier other t...

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PayMaya adopts BSP’s QR Ph

Inquirer Breaking News - 4 hours 53 min ago
PayMaya announced on Friday that it had joined the Bangko Sentral ng Pilipinas' (BSP) national QR code standard---the first mobile wallet to do so. PayMaya said that it had officially adopted QR Ph, which aims to streamline the industry's fragment QR-payments services into a single interoperable platform. According to the BSP, this will remove the need for customers and merchants to maintain multiple e-wallet accounts. PayMaya joins five other pilot participants in QR Ph. These are Land Bank of the Philippines, Asia United Bank, China Banking Corp., Rizal Commercial Banking Corp., and Union Bank of the Philippines. "This is yet another milestone initiative that will help acce...

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The UE Pep Squad spotter who got 1 million views on Twitter

Inquirer Breaking News - 4 hours 55 min ago
The "ber" months signify Christmas festivities, but they also mean celebrations of grit and talent in cheerleading. Last weekend's finals of the annual University Athletic Association of the Philippines (UAAP) Cheerdance Competition (CDC) mirrored the results in 2018. The crown remains with the undefeated Manila-based National University Pep Squad with its personal best of 772 points. The Far Eastern University Cheering Squad and the Adamson University Pep Squad placed second and third, respectively. The competition brings out the best of cheerleaders from the UAAP schools, as well as the sixth person in their performance--- the spotter. Typically clad in black, spotters,...

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Valenzuela taps W Express for logistics needs

Inquirer Breaking News - 4 hours 55 min ago
The Valenzuela City Government announced a tieup with logistics company Wide Wide World Express Corp. (W Express), formerly DHL Philippines, to make the processing of business permits more convenient. It said in a statement on Friday the partnership would bolster its Paspas Permit program, which was meant to reduce the processing time of business permit applications from 30 minutes to just 10 seconds. "We chose W Express because we have used their service many a time to deliver important documents and found them reliable," Valenzuela City Mayor Rexlon "Rex" Gatchalian said in the statement. The Paspas Permit program covers business permits, building and construction permits, rea...

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Philex fears ambiguous mining policies may delay Silangan opening

Inquirer Breaking News - 4 hours 57 min ago
Uncertainties over how the mining industry will be regulated are scaring off potential foreign investors, according to an executive. Eulalio Austin Jr., president of the country's biggest gold producer Philex Mining Corp., said in an ambush interview with reporters the unstable fiscal and regulatory regime had been affecting the company's plans to expand. Other industry players have expressed the same sentiment since last year, when the government proposed a new fiscal tax regime for the sector. Philex is currently in the middle of plans to open its Silangan mine in Surigao del Norte, which is considered one of three big-ticket projects seen to make the country a major copper pr...

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Local investors take up the slack as PSEi moves slightly up

Inquirer Breaking News - 4 hours 59 min ago
The stock barometer firmed up slightly on Friday as local investors made up for the slack in foreign risk appetite. The Philippine Stock Exchange index (PSEi) added 5.7 points, or 0.07 percent, to close at 7,824.59, shored up by last-minute buying. The day's closing showed the 7,700-mark appeared to be a strong support, Eagle Equities president Joseph Roxas said. "There's still some concern on the effect of the US Senate resolution [supporting human rights] to Hong Kong and its impact on the US-China trade talks," Roxas said. At the same time, he said foreign investors were still selling as two of the companies taken out of the MSCI index---AGI and DMCI---were both PSEi stock...

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Should foreign student athletes be banned from playing in the local leagues?

Inquirer Breaking News - 4 hours 59 min ago
1-Pacman party list representative and House Deputy Speaker Mikee Romero recently filed House Resolution No. 388, which seeks to "stop and prohibit all collegiate leagues from recruiting, acquiring and using non-Filipino citizens and foreign imports as players." This apparently stems from the last-place finish of Gilas Pilipinas in the 2019 Fiba World Cup. According to Romero, the presence of foreign student athletes (FSAs) hinders the growth and development of local talent. The National Collegiate Athletic Association (NCAA) has already banned FSAs effective next year, allowing incumbent ones to play out their eligibility. This has sparked a lot of debate among Filipinos, ...

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Online lenders form group, adopt code of conduct

Inquirer Breaking News - 5 hours 1 min ago
A newly created association of online lenders came up with a new code of conduct that aims to institutionalize best practices and global standards of behavior for the sector that has come under scrutiny among regulators. The new group called Lenders Alliance Inc. vowed to listen to the plight of their customers and improve customer services. The new code of conduct will address several issues that some Filipinos have taken against online lending firms, said Michael Brjean, a representative of the alliance. In a press statement on Friday, Brjean said online firms agreed to consolidate their ranks to address complaints filed by some individuals at the Securities and Exchange Commi...

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Leni Robredo not quitting despite Duterte insults

Inquirer Breaking News - 5 hours 3 min ago
Vice President Leni Robredo can take the heat from Malacaang and will remain in her post in a government antidrug body, her spokesperson said on Friday. Barry Gutierrez was responding to a statement by presidential spokesperson Salvador Panelo who suggested that she should resign if she felt uncomfortable as cochair of the Inter-Agency Committee on Anti-Illegal Drugs (Icad). "[Panelo] can rely on one thing---she will continue to do her job. There are those who are trying their utmost to make her job harder. She certainly won't abandon her responsibilities to the Filipino people just for them," Gutierrez said. 'She expected it' "The Vice President does not mind the heat at all...

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UAAP Cheerdance Competition: ‘National Trash Talk Day’

Inquirer Breaking News - 5 hours 4 min ago
The University Athletics Association of the Philippines (UAAP) Cheerdance Competition last week was another one for the books even as we saw the same podium finishes following the same order as last year's---National University bagged the top spot, Far Eastern University second and Adamson University third. While it was yet another entertaining cheerdance competition, it seemed as if more people were invested in what is now dubbed as "National Trash Talk Day." According to some netizens, National Trash Talk Day is the real competition because this is the UAAP event where fans are most rabid in supporting their alma mater, at the expense of competition, of course. Check out the s...

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She fought hard to have father on list of victims

Inquirer Breaking News - 5 hours 5 min ago
(Second of three parts) Even after she and her family migrated to the United States in August 2012, Ma. Reynafe Momay Castillo carries on the fight for justice for her father, a media worker believed to have died in the Maguindanao massacre in 2009 but whose body was never found. There were dentures, an identification card, other personal items, and testimony proving that her father, Reynaldo "Bebot" Momay, a 61-year-old part-time photojournalist who lived near Maguindanao, was part of the Mangudadatu convoy and was among those buried in Sitio Masalay. "Ten years is a long time for a verdict to come especially when 58 people were killed," said Castillo, who now works as a nu...

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Killed at Sitio Masalay in Ampatuan town, Maguindanao, on Nov. 23, 2009

Inquirer Breaking News - 5 hours 7 min ago
RELATIVES AND SUPPORTERS OF TOTO MANGUDADATU Genalin Mangudadatu Eden Mangudadatu Farinah Hassan .Surayda Bernan Mamotabai Mangudadatu Wahida Kalim Rowena Ante Raida Abdul Faridah Sabdullah Pinky Balayman Lailani Balayman Eugene Demillo Abdillah Ayada Rahima Palawan Meriam Calimbol LAWYERS AND A LAWYER'S DAD Concepcion Brizuela Cynthia Oquendo-Ayon Catalino Oquendo Jr. VAN DRIVERS Norton Edza Razul Daud JOURNALISTS AND MEDIA WORKERS Bengie Adolfo Henry Araneta McDelbert Arriola Rubello Bataluna Arturo Betia Romeo Jimmy Cabillo Marites Cablitas Hannibal Cachuela Jephon Cadagdagon John Caniba...

Keep on reading: Killed at Sitio Masalay in Ampatuan town, Maguindanao, on Nov. 23, 2009
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Cariaso confident

Inquirer Breaking News - 5 hours 9 min ago
Alaska coach Jeff Cariaso has been optimistic even though the Aces have had a bumpy ride in the PBA Governors' Cup. He still had the same outlook on Friday afternoon, even if the Aces finished below .500 in the eliminations and will be colliding with the No. 2 squad in Meralco at the start of the quarterfinals on Sunday. Alaska will be trying to topple a retooled and rejuvenated Bolts side---twice---to advance to the season-ending conference's semifinal round, and Cariaso is unfazed. Cariaso is not overconfident, nor is he complacent and is taking the Bolts lightly. He just has faith in his crew, who had a roller-coaster opening round marred by multiple import changes, a five...

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We’ve been to Coron many times—the magic is still there

Inquirer Breaking News - 5 hours 9 min ago
We remember our very first visit to Coron, Palawan, with its clear, crystalline waters, majestic limestone cliffs, Karst rock formations, and fine, sandy beaches. We remember the people of Coron as well, always smiling, accommodating, a paragon of Filipino hospitality. The simple island life is embodied in Coron, where everything is laid back. There's Coron Town, with its shops, quaint restaurants and numerous hotels. At Coron Bay, one can spend the entire day lounging on the beaches, eating grilled seafood to one's heart's (or belly's) surfeit, or going cave diving or snorkeling. Each time we visit Coron, we're awestruck by what we find. There's always something new to d...

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PAL jet with flaming engine returns safely to LA airport

Inquirer Breaking News - 5 hours 9 min ago
LOS ANGELES---A Philippine Airlines (PAL) Boeing 777 jet with flames spurting from one engine returned safely to Los Angeles International Airport just after takeoff on Thursday. Flight PR113, which was bound for Manila, reported a problem with the right engine and turned around, landing around noon, said Ian Gregor of the Federal Aviation Administration. "The flight crew elected to turn back to the airport and make a precautionary emergency landing," PAL spokesperson Cielo Villaluna said in a statement. The plane took off at 11:45 a.m. on Thursday (3:45 a.m. Friday Manila time) and landed about 15 minutes later after experiencing a "technical problem" in one of its engines, PAL...

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Children Rising: Empowering kids at 9th PDI Read-Along Festival

Inquirer Breaking News - 5 hours 13 min ago
Children have the power to change the world. The message, from Philippine Daily Inquirer president and CEO Sandy Prieto-Romualdez, kicked off an interactive session of the ninth Inquirer Read-Along Festival at the Inquirer's Makati City office on Friday. "If there is a superpower that the kids have, it's that sense of wonder, sense of determination and being 100-percent focused on seeing what can be achieved, rather than seeing what the barriers and hurdles are toward that goal," Romualdez said. This year's festival, a two-day event held in celebration of National Reading Month, carries the theme, "Children Rising," in honor of the youth who has been the core of Inquirer Rea...

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A way to wean kids off smartphones

Inquirer Breaking News - 5 hours 15 min ago
Bandung, Indonesia---Officials in one Indonesian city have hatched a plan to wean children off smartphones---by giving them their own fluffy chicks to raise. Around 2,000 four-day-old chicks will be handed out to pupils at elementary and junior high schools in Bandung in the coming weeks in an attempt to distract the kids from their gadgets. Students must feed their new pets before and after school and can keep them at home or in school premises if they don't have space in their backyard. Authorities in the city, around 150 kilometers southeast of the capital Jakarta, have dubbed the unusual project "chickenization." At a ribbon-cutting held on Thursday, a dozen chicks in ca...

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Why you shouldn’t miss Ateneo’s ‘conyo’-infused ‘Antigone’

Inquirer Breaking News - 5 hours 20 min ago
How often does it happen that a production staged mostly by theater newbies leaves you thoroughly enthralled by curtain call, and beyond excited for its playwright's next work? Rarely, actually, which is why, on that account alone, Tanghalang Ateneo's (TA) "Antigone" becomes one of those pieces of theater that shouldn't be missed. Those familiar with the eponymous Greek tragedy by Sophocles upon which this play is based will be in for a wonderful surprise with this lucid and concise Filipino-language adaptation by Sabrina Basilio. Those entering the theater cold will nonetheless stumble upon a production of admirably outsized virtues. Basilio's script is key to "Antigone's" succ...

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