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Wednesday, June 1st 2016

Top News

News

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The prospective Department of Budget and Management (DBM) chief has backed proposals to raise the 12-percent value-added tax (VAT) to increase government funds for infrastructure projects. University of the Philippines School of Economics professor Benjamin E. Diokno said there is still room for increasing the VAT to beef up government...

When I Was 25

World

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TOKYO—Japan’s economy remains weak but did better than expected in April, the latest data showed on Tuesday, as Prime Minister Shinzo Abe looked set to delay a 2017 tax hike to minimize shocks to the fitful recovery. Factory output fell 3.5 percent in April from a year earlier and consumer...

Business

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SAN Miguel Brewery (SMB) Inc. said it sees its sales volume growing 16 percent this year, boosting its net income to P15 billion by year-end. It said, however, it will not acquire international brands to bring, into the local market this year. In an interview after the firm’s annual stockholders’ meeting...

THE BROADER LOOK

Sports

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TOP Filipino figure skater Michael Martinez shifts his focus to next year’s Southeast Asian (SEA) Games in Kuala Lumpur, Malaysia, where the winter sport event will be played for the first time in the biennial meet. The 19-year-old Martinez, who just returned to the country after a yearlong training in...

Life

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By Meghan Rooney / Domaine Nothing makes us feel more productive than whipping out our scrubs and subjecting our home to a deep-cleansing session. Conversely, nothing makes us feel unhealthier than breathing in the chemical-laden scents that seem to linger for days. While cleaning often is paramount to maintaining a...

Motoring

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Story & photos by Randy S. Peregrino JUST like the name derivation, the Volkswagen Touareg also conveys that nomadic-like character to surpass anyone’s expectation from a luxury sport-utility vehicle (SUV). Sharing the same platform with the Porsche Cayenne and the stretched Audi Q7, it may very well possess the elements of...

Property

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THE Vineyard Residences, the first residential development at the 1,200-hectare tourism estate Twin Lakes near Tagaytay, recently bagged the Best Residential Development-Resort award during the 2016 Philippines Property Awards held in Makati City. The low-rise condominium cluster, developed by Megaworld’s Global-Estate Resorts Inc. (Geri), bested many other residential resort developments...

Millennials

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YOUNG consumers in the Philippines are quickly switching to digital, a recent study by Fidelity National Information Service Inc. (FIS) revealed. The Performance Against Customer Expectations (Pace) Index survey and report by the Jacksonville, Florida-headquartered financial-technology firm, revealed mobile personal financial management (PFM) application “adoption in the Philippines, at 51...

Envoys & Expats

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AMADEUS Asia Pacific President Albert Pozo said that, even with the region susceptible to health, economic and political issues, they continued to see strong growth in its travel and tourism industry. Pozo, who took over the reins of Amadeus Asia-Pacific operations only last year, regularly shuffles himself in the 35 markets...

Executive Views

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By Roger Pe | Special to the BusinessMirror Imagine a billboard on Edsa. It may seem harmless, but on closer look, you see a different version of what was originally approved for display. In the aftermath, the netizens start bashing it. The trigger-happy kind join the fray and all-knowing people...

Education

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WITH the government’s continued investment in basic education, the Department of Education (DepEd) vowed to strengthen reforms to ensure a safer and learner-centered education for Filipino children. Education Secretary Armin Luistro said DepEd has sustained the foundations of reforms by empowering not only the learners but also DepEd teachers and...

Our Time

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By Ayako Mie | Japan Times, Tokyo (TNS) JAPANESE and South Korean officials on Tuesday reaffirmed their commitment to setting up a ¥1-billion fund to assist former “comfort women.” The girls and young women forced to work in wartime Imperial military brothels are now elderly and in dwindling numbers. Kimihiro Ishikane,...

Faith

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PILGRIMS to the Extraordinary Jubilee Year of Mercy churches in the Archdiocese of Manila have reached at least 100,000, as indicated by the number of “passports” that were issued since the pilgrimage in the archdiocese started on Ash Wednesday, February 10. Manila Archbishop Luis Antonio G. Cardinal Tagle has launched the...

Biodiversity

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Story & photos by Stephanie Tumampos & Almond Carlo Gamil / Special to the BusinessMirror FREEDIVING is a growing leisure sport for many people around the world. In the Philippines it is common for fishermen and sea gypsies to go freediving for food. It naturally runs in the blood as, geographically, the...

Green

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Climate change is partly being blamed for the dwindling global population of marine turtles.  Conservation experts in the Turtle Islands Wildlife Sanctuary (TIWS) suggest that the problem could be worse. They said El Niño and beach erosion caused by climate change-triggered effects, such as sea-level rise and storm surges because...

Science

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HIROSHIMA, Japan—Ikuko Murai remembers when the American Jeeps would come after school to take her and other young survivors to a lab at the top of a hill. This was the 1950s, just a few years after the atomic bombing of Hiroshima. “They examined my head and measured my height,”...

Marketing

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PRESIDENT-ELECT Rodrigo R. Duterte is assuming office amid high expectations from his many supporters, with the detractors continuing to doubt that he will deliver.  He would, therefore, be well advised to start with drastic doable announcements, with the purpose of getting national support for his administration. To begin with,...

Tourism

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Most industrialized countries—the United States, Canada, Australia, New Zealand, Japan, most of European nations and even some parts of Africa—experience four seasons: winter, spring, summer and autumn. Among the four seasons, I really like spring; it follows winter and precedes summer.  It is the time of the year when flowers...

Opinion

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Even without looking up labor statistics, it is easy to see that the Philippines has a large pool of workers belonging to the informal economy. These own-account or self-employed workers providing small-scale goods and services comprise up to three-fourths of the local labor population, based on World Bank data....
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