Fri08292014

Last update09:57:20 PM

Headlines:
Japan’s July output missed estimates as spending fell

Japan’s July output missed estimates as spending fell

Heavy machinery is silhouetted against illuminated buildings on the city skyline as it stands on a construction site at dusk in the Toyosu area of Tokyo, Japan.

Unemployment bothers the middle class more than the poor–PIDS

Unemployment bothers the middle class more than the poor–PIDS

CONTRARY to popular belief, a study released by the government’s Philippine Institute for Development Studies (PIDS) showed that unemployment was an issue of the middle class and not of the poor.

Jihadists kill dozens of captured Syrian soldiers

Jihadists kill dozens of captured Syrian soldiers

BEIRUT—The Islamic State group killed more than 160 Syrian government troops seized in recent fighting, posting pictures on Thursday of terrified young conscripts stripped down to their underwear before meeting their deaths in the arid Syrian countryside.

The Inca Trail to Machu Picchu

The Inca Trail to Machu Picchu

THE Inca Trail is by far the most famous trek in South America and is rated by many to be in “the Top 5 treks in the world,” according to adventure travel www.impresario IncaTrailPeru.com. “In just 26 miles [43 kilometers], it manages to combine beautiful mountain scenery, lush cloud forest, subtropical jungle and, of course, a stunning mix of Inca paving stones, ruins and tunnels. The final destination of the trail just cannot be beaten: Machu Picchu, the mysterious ‘Lost City of the Incas.’”

News

Deficit down to P55.7B in July

The government reported a budgetary shortfall in July that narrowed to only P1.8 billion, bringing down the seven-month budget deficit to P55.7 billion, the Bureau of the Treasury (BTr) said on Friday.

Unemployment bothers the middle class more than the poor–PIDS

Unemployment bothers the middle class more than the poor–PIDS

CONTRARY to popular belief, a study released by the government’s Philippine Institute for Development Studies (PIDS) showed that unemployment was an issue of the middle class and not of the poor.

Retail prices rise in Metro Manila at start of Q3

Retail prices went up in Metro Manila, or the National Capital Region (NCR), at the start of the third quarter, according to data released by the Philippine Statistics Authority (PSA).

Davao’s Cagas, 3 others face charges for newsman’s killing

JUSTICE Secretary Leila de Lima on Friday ordered the filing of murder charges against former Davao del Sur Gov. Douglas Cagas and three others for their alleged involvement in the killing of journalist Nestor Bedolido Sr.

Happy birthday, Ambassador!

Happy birthday, Ambassador!

TODAY we celebrate the 80th birthday of the founder of the BusinessMirror, former Philippine Ambassador to the Lao People’s Democratic Republic Antonio L. Cabangon Chua.

Obama: No US military action against Russia over Ukraine

WASHINGTON—President Barack Obama rebuffed pressure for quick US action in two foreign crises on Thursday, declining to label Russia’s military moves into Ukraine an invasion, and saying that he was not ready to expand an air campaign against Islamist militants to Syria.

Business

San Miguel Corp. will pursue K-Water tie-up

SAN Miguel Corp. (SMC) on Friday said it will pursue a team up with K-Water Resources Corp. of Korea for the 218-megawatt (MW) Angat hydropower plant project in Bulacan despite delays in the turnover of the facility.

Food key to manufacturing’s success in Q2

THE hero behind the growth of the manufacturing sector in the second quarter was food manufactures, based on data released on Thursday by the Philippine Statistics Authority (PSA).

Customs files charges versus steel smugglers

THE Bureau of Customs (BOC) filed charges before the Department of Justice against the owners and customs brokers of two firms for allegedly illegally importing steel products into the country.

Learning the ropes of entrepreneurship at Greenhills ‘tiangge’

Starting a small business may be a painstaking or daunting task for someone who has enough capital but with scant selling know-how. But, if he is serious and focused on the venture, and imbued with a sense of creativity, he will go a long way.  

Sports

Three double-faults? No problem

Three double-faults? No problem

NEW YORK—Good as she is, even Serena Williams can find it tough to deal with swirling wind, so much so that she double-faulted three times in her first service game on Thursday at the US Open.

Lifestyle

The Inca Trail to Machu Picchu

The Inca Trail to Machu Picchu

THE Inca Trail is by far the most famous trek in South America and is rated by many to be in “the Top 5 treks in the world,” according to adventure travel www.impresario IncaTrailPeru.com. “In just 26 miles [43 kilometers], it manages to combine beautiful mountain scenery, lush cloud forest, subtropical jungle and, of course, a stunning mix of Inca paving stones, ruins and tunnels. The final destination of the trail just cannot be beaten: Machu Picchu, the mysterious ‘Lost City of the Incas.’”

South Cotabato govt pushes devt of new tourism circuit

South Cotabato govt pushes devt of new tourism circuit

GENERAL SANTOS CITY—The provincial government of South Cotabato has allocated an initial P2 million for the development a new tourism cluster or circuit in the area, it was learned recently.

Of ‘PBB’ winners and role-playing

Of ‘PBB’ winners and role-playing

ERNA LETADA is a hardworking woman. She bent her back working hard to send her only child, Julie Anne, to school. After many stints in Japan, she is now enjoying a quiet life of retirement.

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

Momentum and balance are the keys

Momentum and balance are the keys

EARLY this week, Toyota Motor Philippines Corp. (TMP) threw a thanksgiving party for the motoring media to mark its 26th anniversary.

Br. Gus Boquer, FSC Take a leap of faith and He will provide

Br. Gus Boquer, FSC Take a leap of faith and He will provide

OFTENTIMES, people are faced with situations that are seemingly impossible to go through. For many, they would just turn their backs and leave to avoid wasting time, energy and resources on something unachievable. For some, however, it only takes a leap of faith.

DOST-SEI honors scholar-graduates, ongoing scholars

DOST-SEI honors scholar-graduates, ongoing scholars

CITING excellence and overall contribution in nation-building, the Department of Science and Technology-Science Education Institute (DOST-SEI) paid tribute to its honor scholar-graduates and ongoing scholars in two different occasions.

The beauty of living in Cavite

The beauty of living in Cavite

COLONIZERS arriving in the late 16th century saw an unusual parcel of land thrust into Manila Bay and realized its value as a staging ground to launch their bulky galleons. Eventually, it became the most important port linking the colony to the outside world. Just as these colonizers got captivated by this piece of land that they discovered, so do Filipinos of the 21st century see the beauty in this same land now known as the province of Cavite.

Resorts World Manila at 5: Ultimate paradise of lifestyle and entertainment

Resorts World Manila at 5: Ultimate paradise of lifestyle and entertainment

LUXURIOUS shopping, dining haven, staycation haven, world-class entertainment—these and much more are what Resorts World Manila (RWM)—the country’s first, largest, and finest integrated lifestyle and tourist destination—has to offer to Filipinos and tourists alike.

DepEd, Fortune Life partnership honors teachers as writers and activists

THE values-advocacy program of the Department of Education (DepEd) and Fortune Life Insurance Co. Inc. celebrates its fourth year by giving recognition to teachers as writers and honoring those who taught best to public-school pupils the values of hard work and discipline.

Discovery of new tarsier species highlights need to protect Dinagat–scientist

Discovery of new tarsier species highlights need to protect Dinagat–scientist

SCIENTISTS have recently confirmed the existence of a third group of Philippine tarsiers on Dinagat Island, underscoring the need to protect the island against destructive human activities.

Deported Mexicans find new life at call centers

Deported Mexicans find new life at call centers

TIJUANA, Mexico—Henry Monterroso is a foreigner in his own country. Raised in California from the age of 5, he was deported to Mexico in 2011 and found himself in a land he barely knew.

Like a boss

Like a boss

THE ninth-generation Honda Accord claims the distinction of being the passenger car with the highest sales to individual customers (excluding fleet sales) in the US in 2013, having sold a little over 360,000 units in the world’s second-largest car market. In other words, Americans bought an average of 1,000 Accords every single day of 2013. Indeed, the Accord’s track record of outstanding build quality, reliability and high resale value has consistently made it a formidable player in the markets it is sold in.

Creating stewards to conserve marine resources

Creating stewards to conserve marine resources

MORE than 1.6 million Filipinos earn a living from resources from the sea and 85 percent, or 1.1 million, are near-shore fishermen.

Saint Bartholomew the Apostle skinned alive for spreading his faith

Saint Bartholomew the Apostle skinned alive for spreading his faith

HE was flayed alive—the skin of his body cut into strips, then pulled off, leaving his body open and bleeding for a long time, then beheaded, wrote Fr. Paolo O. Pirlo, SHML, in My First Book of Saints.

Cataract: The unseen scourge

Cataract: The unseen scourge

A round the world, cataract is the leading cause of blindness, according to the Geneva-based World Health Organization. An estimated 42 million people are affected by severe loss of vision, and cataract causes 17 million of these losses.  In the Philippines, 400,000 Filipinos get blind because of cataract.

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