Sun09142014

Last updateSat, 13 Sep 2014 8pm

Headlines:
The Philippines: Moving in the opposite direction

The Philippines: Moving in the opposite direction

THE Bangko Sentral ng Pilipinas (BSP) raised its interest rates on overnight borrowing and lending last Thursday. The BSP’s Monetary Board increased the overnight borrowing and lending rates to 4 percent and 6 percent, respectively. Some have predicted that the BSP will raise rates at least one more time before the end of the year.

As caliphates compete, radical Islam will eventually weaken

As caliphates compete, radical Islam will eventually weaken

THE rise of the Islamic State (IS) will inspire other jihadist groups to claim their own caliphates and emirates. In the long run, the extremism of these contrived dominions and the competition among them will undermine the jihadist movement. However, before that happens, the world will witness much upheaval.

Cementing pathways to ‘green’ buildings

Cementing pathways to ‘green’ buildings

THE 7.2-magnitude earthquake that hit Bohol province and the Supertyphoon Yolanda (international code name Haiyan) that devastated central Philippines in the last quarter of 2013 have again revealed the country’s vulnerability to natural hazards.

Is the world on fire?

Is the world on fire?

WITH the beheading of a second American journalist, Steven Sotloff, allegedly by the Islamic State, the extremist group sends a “second message” to the US—it’s their its of saying “back off, or else!”

News

DOTC awards P65-B LRT 1 extension project to LRMC

THE Department of Transportation and Communications (DOTC) awarded late Friday its largest key infrastructure deal to date following the conclusion of reviews on the grant’s legal implication.

Philippines ranks 18th out of 24 in new ADB, EIU Creative Productivity Index

Rigid labor markets and poor access to credit are among the reasons why the Philippines only had a medium level of creative productivity compared to other countries in the region, according to data released by the Asian Development Bank (ADB).

Estrada orders lifting of truck ban in Manila

MANILA Mayor Joseph Estrada has lifted the truck ban “indefinitely” on Saturday noon to give way to the efforts of the national government to address congestion on ports of Manila.

Freak tornadoes, flashfloods hit 10 Mindanao villages

COTABATO CITY—Two freak tornadoes hit Maguindanao and Koronadal City villages on Friday, damaging at least 15 houses, disaster-mitigation agencies said.

The Philippines: Moving in the opposite direction

The Philippines: Moving in the opposite direction

THE Bangko Sentral ng Pilipinas (BSP) raised its interest rates on overnight borrowing and lending last Thursday. The BSP’s Monetary Board increased the overnight borrowing and lending rates to 4 percent and 6 percent, respectively. Some have predicted that the BSP will raise rates at least one more time before the end of the year.

Retail sales in America rose 0.6% last month

WASHINGTON—Auto buying drove US retail sales higher in August, a possible sign that job growth in recent months has led to accelerated consumer spending.

Business

Del Monte Philippines reports fiscal Q1 loss

CAMPOS-LED Del Monte Pacific Ltd. said it incurred a net loss for its fiscal first quarter ending July as a result of its acquisition of a United States company, Del Monte Foods Inc.

WWF seeks sustainable means of tuna fishing

THE Worldwide Fund for Nature (WWF) has started promoting vigorously its own Public Private Partnership Program Toward Sustainable Tuna (PPTST) in an attempt to prevent the depletion of the tuna stocks in the Coral Triangle.

Invest in ICT, innovation to avoid middle-income trap, ADB says

IF countries like the Philippines want to avoid the middle-income trap and become a knowledge-based economy, the Asian Development Bank (ADB) recommended that governments must increase their investments in information and communication technology, innovation, and research and development.

‘Angelpreneurs’ train new breed of street-based entrepreneurs

‘Angelpreneurs’ train new breed of street-based entrepreneurs

Former advertising executive-turned-entrepreneur-turned-entrepreneurial advocate Jorge Noel Wieneke made heads turn for transforming an iconic potato-based snack into something out of the ordinary through his very successful potato food stand. It was the start of something big for Wieneke, who went on to display further his entrepreneurial genius.

Study: Social-media users shy away from opinions

Study: Social-media users shy away from opinions

WASHINGTON—People on Facebook and Twitter say they are less likely to share their opinions on hot-button issues, even when they are offline, according to a surprising new survey by the Pew Research Center.

Widodo’s revamp to bring risks to economic pledges

Indonesian President-elect Joko Widodo plans to merge some government ministries and spur faster decision making as he seeks a fresh approach. Doing too much, too soon risks distracting from his economic priorities, analysts say.

Sports

Serbia vs U.S.A.

Serbia vs U.S.A.

MADRID—All those years on Serbia’s national team, and one chance kept eluding Milos Teodosic and Nenad Krstic.

Lifestyle

David Lynch director of the surreal, also a visual artist

David Lynch director of the surreal, also a visual artist

ACCLAIMED film director David Lynch’s contribution to the 2000 New York City CowParade was rejected. In June of that year, several hundred fiberglass cows were decorated by artists and schoolchildren and were displayed on sidewalks around the city. Lynch, known for the eerie 1990s television drama Twin Peaks and surreal cult movies like Eraserhead (1977), Blue Velvet (1986) and Mulholland Drive (2001), was asked for a contribution. He chopped off his cow’s head, stuck forks and knives on its back and covered parts with a blood-like substance. He also scrawled “EAT MY FEAR” on the side. “I don’t think it will be a particularly friendly looking cow,” he announced, and it was returned posthaste.

Seoul: Trains, fast cell service, palaces and food

Seoul: Trains, fast cell service, palaces and food

SEOUL, South Korea—South Korea’s hyperefficient capital doesn’t immediately spring to mind when you think of exotic Asian destinations. But this megacity offers much to tempt travelers beyond a layover from the ultramodern international airport in nearby Incheon.

Redmayne to Gyllenhaal, actors lead Toronto buzz

Redmayne to Gyllenhaal, actors lead Toronto buzz

TORONTO—This year’s Toronto International Film Festival belonged to the actors. Among the 300-plus films premiering at the annual movie feast—the north star to much of Hollywood’s fall season and the continent’s largest film fest—there were, of course, many terrific movies and a theater’s worth of fine filmmakers.

Kanlungan ni Maria rolls out mobile clinic for indigent elderly

Kanlungan ni Maria rolls out mobile clinic for indigent elderly

KANLUNGAN ni Maria-Home for the Aged Inc. is set to roll out on September 23 a mobile clinic that seeks to bring free medicine, medical and dental services, and groceries to indigent elderly across the nation, the priest in charge of Kanlungan said in an exclusive interview on September 2.

2013 Kadayawan Festival: Celebrating Davao’s cultural heritage

2013 Kadayawan Festival: Celebrating Davao’s cultural heritage

DAVAO City has always been one of my favorite destinations ever since I started going there in the late 1980s.

Features

Development, environmental protection must be pursued together

Development, environmental protection must be pursued together

ENVIRONMENT expert and vice chairman of the Intergovernmental Panel on Climate Change (IPCC) Mohan Munasinghe sees the fourth report of the United Nations-attached body as the most momentous, as it raised the alarm on climate change, such as rising sea levels, melting arctic ice and threats of harsh typhoons, including those experienced in the Philippines.

What to do when your leopard gets on the front page

What to do when your leopard gets on the front page

WE were in the news recently, but for a different reason: A leopard that strayed into the sprawling 1,400-hectare campus of the International Crops Research Institute for the Semi-Arid Tropics (Icrisat) (www.icrisat.org) in Hyderabad, India, was finally evicted from the campus on August 24 after a five-month chase.

Power plants heading out to sea in post-Fukushima Japan

Power plants heading out to sea in post-Fukushima Japan

ONE of the biggest hurdles to building new power plants in Japan is finding a place that’s safe from earthquakes and tsunamis. That place may turn out to be 30 miles at sea.

SM Foundation rebuilds Tacloban City Hospital

SM Foundation rebuilds Tacloban City Hospital

WHEN typhoon Yolanda hit Tacloban, SM Foundation through its Operation Tulong Express (OPTE) immediately went into action. Henry Sy Sr., the chairman of the SM conglomerate, immediately pledged P100 million for relief and rehabilitation of the devastated area.      

Articulating Your Company’s Purpose

Articulating Your Company’s Purpose

We hear more and more that organizations must have a compelling “purpose,” but what does that mean? Isn’t there already a host of labels to describe organizational direction?

Quipper School prevents learning gaps when classes are suspended

WHEN Pasay City South High School (PCSHS) indefinitely suspended classes when two of their buildings were found to have cracks, Peter Cannon Jr., the school principal, was in a dilemma.

Last remaining forest wilderness at risk

Last remaining forest wilderness at risk

UXBRIDGE, Canada—The world’s last remaining forest wilderness is rapidly being lost—and much of this is taking place in Canada, not in Brazil or Indonesia where deforestation has so far made the headlines.

Wars of future

Wars of future

IN a backyard in Aleppo, Syrian rebels built a tank for urban combat. All it took was an Android smartphone to download a do-it-yourself manual.

Chevrolet launches Colorado campaign

Chevrolet launches Colorado campaign

OVER the last couple of years, the Philippines has experienced the most unpredictable weather patterns and climate changes that led to flash floods, landslides, and other serious calamities; hence, the local market has turned their heads to high-stance vehicles like pickup trucks to ride out the country’s ever so changing conditions.

Cementing pathways to ‘green’ buildings

Cementing pathways to ‘green’ buildings

THE 7.2-magnitude earthquake that hit Bohol province and the Supertyphoon Yolanda (international code name Haiyan) that devastated central Philippines in the last quarter of 2013 have again revealed the country’s vulnerability to natural hazards.

Immigrant sanctuary gains popularity in Arizona

Immigrant sanctuary gains popularity in Arizona

TUCSON, Arizona—On her 27th day of living in a tiny room at a Tucson church known for pioneering the popular immigrant sanctuary movement in the 1980s, Rosa Robles Loreto swept a courtyard, prayed with a group of parishioners and greeted her uniformed son fresh off his baseball practice.

Don’t take MERS for granted!

Don’t take MERS for granted!

In 2003 it was severe acute respiratory syndrome (SARS).  This year, it’s Middle East respiratory syndrome (MERS).

First reported in Asia in February 2003, SARS spread to more than two dozen countries in North America, South America, Europe and other parts of Asia.  According to the World Health Organization (WHO), a total of 8,098 people worldwide were stricken by SARS during the outbreak. Of these, 774 died.

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