Cashless toll collections to start on December 1

Motorists the usage of toll roads now have over a month to comfy their radio frequency identification (RFID) tags after the Department of Transportation (DoTr) extended the deadline for the total implementation of the cashless series system.

In a assertion on Wednesday, the DoTr said the shift to this system became moved to December 1 from the unique November 2 closing date after toll plazas saw a surge within the wide variety of motorists trying to get the RFID tags, ensuing in long queues.


The new deadline "will no longer be prolonged beyond this date," it added.

Toll Regulatory Board (TRB) Executive Director Abraham Sales said the extension could "give motorists extra time to conform with the branch order and to prevent the lengthy queues currently being skilled at toll roads in the rush to get the RFID stickers."
Tollway operators Metro Pacific Tollways Corp. And San Miguel Corp. Have both extended their RFID installation.

In overdue August, the DoTr issued Department Order 2020-012, mandating the TRB, Land Transportation Franchising and Regulatory Board, and Land Transportation Office to create new procedures to make certain operators' quick adoption of cashless toll series.

The department said contactless transactions will be carried out within the South Luzon Expressway, Manila-Cavite Toll Expressway, North Luzon Expressway, South Metro Manila Skyway, Southern Tagalog Arterial Road Tollway, Subic-Clark-Tarlac Expressway, Cavite-Laguna Expressway; and all other avenue networks, including any extension of the aforementioned expressways that may be built, set up and/or operated as throughway toll centers.
Two companies on Wednesday commended the authorities's pass to now not advocate new coal energy vegetation, announcing it might sell opposition and wider renewable energy (RE) use.

In separate statements, the Institute for Climate and Sustainable Cities (ICSC) and Greenpeace welcomed the Department of Energy's (DoE) moratorium on greenfield coal-fired power plant life or coal facilities which can be yet to be constructed, which they said could pave the manner for the usa's transition to RE.

"By affirming a moratorium on new coal flora, [Energy] Secretary [Alfonso] Cusi is adhering to [the] DoE's mandate to allow opposition in the energy area and offer dependable and value effective strength, at the same time as giving preference to indigenous and smooth strength sources," ICSC senior coverage guide Pedro Maniego Jr. Said.

"The Covid-19 pandemic has laid bare the risks of overdependence on rigid baseload plant life, specifically coal, as well as the want for the united states of america's transition to a contemporary, flexible strength device using renewable energy with near 0 marginal fee," he introduced.

Pagcor profit plummeted over 97% in 9 months

The Philippine Amusement and Gaming Corp. (Pagcor) noticed its internet earnings sink to P132.67 million in the first nine months of 2020.

According to the kingdom-run firm's present day statement of complete income, the quantity was a ninety seven.32-percent plunge from P4.Ninety six billion within the equal duration a 12 months ago.


In a text message to The Manila Times, Pagcor Chairman and Chief Executive Officer Andrea Domingo blamed the coronavirus sickness 2019 (Covid-19) pandemic for the decreased income with out elaborating further.

Pagcor suspended its regulated gaming operations on March 15 after the government declared a public health emergency within the usa due to Covid-19 after local transmissions had been recorded, extra than two months after the primary case — a traveler from the Chinese city of Wuhan, in which the especially contagious sickness first emerged in December — turned into suggested.
Luzon changed into placed beneath more advantageous community quarantine  days later to contain the spread of the coronavirus, which has claimed more than 7,one hundred Filipino lives as of Wednesday.

Pagcor's overall profits internet of gaming taxes and contributions settled at P16.07 billion inside the first three quarters, forty five.26 percent smaller than the P29.36 billion a year earlier.

In a breakdown, profits from gaming operations slipped by using -59.96 percent to P22.32 billion from P55.Seventy six billion a 12 months ago.

Earlier, a Pagcor professional attributed the lower gaming revenues to the subdued earnings of Philippine offshore gaming operators (POGOs) and their service carriers.


According to Jose Tria, Pagcor assistant vp for offshore gaming licensing, the firm's monthly regulatory prices of around P600 million a month have been slashed with the aid of nearly half of after handiest 32 out of 60 POGOs were allowed to resume operations, but on 30-percent potential.

Pagcor's income from other associated offerings hit P601.Eleven million in January to September, a forty six.06-percentage plunge from P1.Eleven billion a yr earlier.

Other earnings reached P4.86 billion within the length, up 176.Fifty four percent from P1.Seventy six billion a yr ago, whilst  general fees decreased via 34.Seventy three percent to P15.91 billion from P24.Three billion.

DA: More pork to be shipped to Luzon this week

The Department of Agriculture (DA) and representatives of the country's hog enterprise agreed to growth shipments of hogs and "pork-in-a-box" from the Visayas and Mindanao to address the low deliver and artificially excessive fees of the commodity in public markets in Metro Manila and other components of Luzon.


In a virtual meeting among DA officers and main hog manufacturers, Agriculture Secretary William Dar said the multiplied shipments would begin this week.

"We will elevate our partnerships with hog manufacturers and traders, ship owners and operators, and local government officials in [the] Visayas and Mindanao to supply Metro Manila and Luzon with hogs and frozen beef, and ultimately deliver down costs for the advantage of customers," Dar stated in a statement on Tuesday.

The weekly shipments might be increased to between 27,000 and 30,000 hogs from the ports in Davao, General Santos and Cagayan de Oro towns starting subsequent week until December.
During the assembly, it become stated that San Miguel Corp. Ambitions to growth shipments of "beef-in-a-field" from Mindanao to 4 box vehicles or 48 metric tons (MT) a week. Each van includes 12 MT of frozen hog carcasses.

DA local administrators in the Visayas said stay hogs might additionally be shipped from Cebu, Iloilo and Leyte provinces.

Dar stated their collective efforts might enhance the dwindling deliver of red meat in Luzon, which resulted from the depopulation of hog farms there that had been hit by using the African swine fever (ASF).

"This is a problem of logistics — which includes sourcing, distribution and marketing — which we are able to cope with with out problem. All we ask is the whole cooperation of key gamers within the whole hog enterprise price chain," he brought.


The Agriculture leader stated he had sought the help of Transportation Secretary Arthur Tugade to coordinate with transport companies to growth the variety and frequency of vessels plying the routes from Cagayan de Oro, General Santos and Davao, and other main ports within the Visayas and Mindanao sure for Manila and other ports in Luzon.

According to him, red meat prices in choose supermarkets in Manila are currently plenty decrease than those in moist markets.

Strengthening resilience at the Bank of China

The rapid spread of the coronavirus triggered an alarming health disaster that the arena is struggling with. Aside from its impact on people's health, there's a great impact on international locations, governments, corporations and agencies in all industries anywhere. The increased financial uncertainty and numerous dangers are likewise expected to pose challenges and implications no longer best at gift, but additionally within the lengthy haul.


For instance, the remarkable disruption because of the pandemic has left a everlasting mark on customers. Clients and purchasers alike have began to exercise warning in terms of making monetary choices and are worrying extra digital get entry to. Almost each person has developed in a count number of months after financial activity changed into significantly limited. Indeed, it is obvious how Covid-19 fundamentally changed the manner human beings assume and stay.
Companies and organizations, alternatively, needed to shift to new plans so that it will adapt to the tremendously risky business environment. The crisis has substantially affected the economic offerings enterprise, mainly, with the banking sector at the forefront of the monetary disruption. While many countries have been introducing stimulus packages to preserve economies and aid agencies and people, banks are at the middle of putting those measures in motion. Regulators which include the Bangko Sentral ng Pilipinas have prioritized efforts to make certain that banks keep with their middle operations to supply financial services whilst supporting mitigate challenges by aggressively easing financial coverage and launching numerous liquidity-enhancing measures.

After studying about the speedy spread of Covid-19 in the united states of america, the Bank of China (BOC) amassed tempo to paintings on a commercial enterprise continuity plan (BCP). All enterprise gadgets right now deliberate movement factors and measures for each scenario to ensure persevered business operations and safeguard the protection and pursuits of our clients and personnel. Operating with minimum workforce and sources underneath BCP additionally entail challenges which includes operational disruptions, extended prices because of mobility regulations of employees, all even as maintaining a lifestyle of resilience and adaptability in the bank.

Despite the uncertainties and setbacks due to the coronavirus, we on the BOC hold to reaffirm our commitment in assisting all our stakeholders and soar forward to harness new strengths and opportunities introduced approximately by way of these changing times. As a multicultural employer with numerous backgrounds, we have discovered that there are many similarities among the Filipino and Chinese cultures and one in every of which is the spirit of resilience.

Filipinos are regarded for his or her innate resilience who, even after calamitous events, locate time now not simplest to live to tell the tale, but additionally to assist their fellowmen. In the equal way, resilience is deeply rooted in the Chinese subculture thru the Confucian philosophy. It emphasizes the value of persevering even at some stage in adversities, and in so doing, one will achieve useful outcomes. It is due to this similarity that the core price of resilience comes clearly for every person on the BOC, a human connection that binds all and sundry collectively within the bank. We agree with within the value of ways resilience is fundamental no longer most effective to overcome this disaster however also to develop collectively as one BOC family.

Anti-smoking law comes into force

I never expected that what we were waiting for a few years, will be implemented by the government, which at the same time wants to certificeret the Council of Europe Convention on combating violence against women," says Oko. press Renata of Durga of emergency services to victims of violence "Blue line"
Sebastian klosinski, eye. press: today, November 30, 2020 comes into force the law on the exclusion of perpetrators of violence, also known as the ruling law antinatalism. The Justice Department boasts that this is a breakthrough in the fight against domestic violence. Do you agree with this?

I agree. I never expected that what we have been waiting for for several years would be implemented by the government, which at the same time says that the Council of Europe Convention on Combating Violence against Women should be deratified.In this regard,some prefer not to expose themselves to danger and work from home. In connection with the quarantine, the question of work is acute,and many move to the online sphere, knowing that you can earn additional income, as deltamarket broker does  many professions in connection with the pandemic were called into question.

And challenges the provisions of the national law on combating domestic violence. To make it even funnier, this change is exactly in line with the spirit of this convention.

The new rules are something we've been fighting for for years. We are talking about the isolation of the offender from the victim by the fact that the offender is forced to leave the place of common residence. I believe that these decisions are very necessary and can be effective if they become part of the practice of the police and military gendarmerie.

The main change is that from today, police officers called by the victim for home intervention will be able-if they believe there is a threat to health or life-to issue an order that the offender immediately leave the house within 14 days. Why is this such an important change?

Until now, such powers were held by a judge or prosecutor. The court, as you know, is a long case-weeks pass, and sometimes months.

In theory, the prosecutor's warrant could have been effective immediately, but it was very much limited by the police actions that preceded it. The police officers at the scene had to decide that they were detaining the criminal until the circumstances of the case were clarified, that is, already at the scene they had to make sure that they were dealing with a crime and could detain the criminal for these 48 hours.

During this time, the police collected evidence of the commission of this crime, which they presented to the prosecutor, indicating the need for interim measures. If the prosecutor believes that it is indeed clear from the evidence presented that the perpetrator can be charged, he may issue such an order to leave the premises and a restraining order against the victim.

The difficulty in this was the rapid assessment by police officers of whether we were dealing with a crime, and the rapid collection of sufficient evidence in this case.

In contrast, domestic violence can also be an isolated event that does not exhaust the signs of a crime of violence, although it can exhaust the signs of other crimes, such as bodily harm, criminal threats, etc.

It is often said that although we are dealing with domestic violence, we cannot yet say whether it is a crime of violence. for this reason, often these-let's call it conditionally-more frivolous cases did not cling at all to the prosecutor's regime of which i spoke.

GOCC subsidies upward push in November – Treasury

Subsidies provided by the national authorities to government-owned and -managed corporations climbed in November, facts from the Bureau of the Treasury confirmed.

Thirty- country-run companies secured P11.81 billion, a 46.11-percentage upward thrust from P8.08 billion within the equal month remaining 12 months.

The Philippine Health Insurance Corp. (PhilHealth) accounted for the majority, or P2.77 billion, of overall subsidies within the month.

PhilHealth is chargeable for administering the u . S .'s medical health insurance program, especially the Universal Health Care application that goals to  onlinemarketshare scam provide Filipino households equitable get right of entry to to quality and low-cost health care services.

The National Irrigation Administration got here in 2d with P2.Seventy five billion, and National Housing Authority with P1.Ninety billion.

Also receiving help in October had been the National Home Mortgage Finance Corp., Local Water Utilities Administration, Light Rail Transit Authority, Philippine National Railways, Aurora Pacific Economic Zone and Freeport Authority, Bases Conversion and Development Authority, Cultural Center of the Philippines, Cagayan Special Economic Zone, Credit Information Corp., Center for International Trade Expositions and Missions, Lung Center of the Philippines, National Dairy Authority, National Kidney and Transplant Institute, Philippine Coconut Authority, Philippine Center for Economic Development, Philippine Crop Insurance Corp., Philippine Children's Medical Center, Philippine Fisheries Development Authority, Philippine Heart Center, Philippine Rice Research Institute, Philippine Institute for Development Studies, Philippine Institute of Traditional and Alternative Health Care, Philippine Postal Corp., People's Television Network Inc., Subic Bay Metropolitan Authority, Southern Philippines Development Authority, Sugar Regulatory Administration, Tourism Infrastructure, Enterprise Zone Authority, and Zamboanga City Special Economic Zone Authority.

The November determine boosted the 12 months-to-date authorities subsidies to boost up by 26.83 percent to P170.Fifty five billion from the yr-earlier figure of P134.Forty six billion.

State-run corporations with the biggest funding help in 2019 had been PhilHealth with P65.53 billion, National Irrigation Authority with P34.31 billion, and Land Bank of the Philippines with P30.48 billion.

Subsidies fell beneath the national government's disbursements application.

State spending in November improved by means of 22.36 percentage to P365.6 billion from P298.8 billion a year in the past, boosting the year-to-date tally by 6.73 percent to P3.09 trillion.

In 2018, the government gave away a report P136.652 billion in subsidies.

DeltaMarket Review

 

DeltaMarket is a new unregulated Forex broker, that recently opened on October 1st 2020.

Owned and operated by; BI-GLOBAL WORLD LTD, Reg. No. 105143. They are located at: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands, MH 96960. Contact phone number in United Kingdom is: +441507243012, and the email address is support@delta-market.net. Official Website is: https://DeltaMarket.net.

 
DeltaMarket Review

Our review of the brokers DeltaMarket finds, that they offer day traders and investors, a simple web-based CFD trading platform. At this stage they are not offering MT5, but they do have the standard MT4 mobile apps. They offer the standard list of underlying assets for trading CFD’s, including all popular Forex pairs, Oil, Gold, Stocks and Bitcoin / Crypto Currency pairs.

Margin / leverage rates on Forex pairs is up to 300:1, and Crypto leverage is a bit lower, and the spreads start at 2.8 pips on the basic trading account. Many new investors look for brokers with high leverage because they believe they will make money easier that way. However, the reality proves that trading with on high margin is extremely risky, and new traders that don’t understand the risk, end up losing their money fast.

The minimum deposit for a new trading account is $250, and they offer deposit via Credit Card or Crypto / Bitcoin. Their website is localized in just English and Russian.

Automated Trading Apps
We signed up for an automated trading app called Click Money System, but instead of getting an app, we were directed to this broker. Many Forex brokers today get their clients because of a fake trading app.

If you are looking for actual trading signals you should read more here.

Is DeltaMarket Regulated?
No, DeltaMarket is not licensed and they are not regulated.

When the Scam Broker Investigator reviews a new Forex or Crypto CFD broker to determine if they are legit or a scam, we first look for a valid brokers license. In recent months, we have seen many scam unlicensed brokers, disappear and go out of business.

The best brokers are always licensed by the FSCA South Africa, FCA United Kingdom, ASIC Australia or your local governments financial regulator. Smart investors will always use a licensed broker, because of the protection you are afforded from their financial regulator.

Compare Forex Brokers
Smart investors always review a few different brokers before making a final decision, See the best brokers list.

DAVAO-BASED impartial oil employer

DAVAO-BASED impartial oil employer Phoenix Petroleum Philippines, Inc. (Phoenix Petroleum) announced on Thursday it is obtaining the liquefied petroleum gas (LPG) corporations of Petronas Dagangan Bhd (PDB) within the Philippines for a complete purchase rate of $126.1 million (P6.39 billion).

Phoenix said it's far obtaining a hundred percent of the shares owned by way of PDB unit PDB (Netherlands) B.V. (PDBN) in Petronas Energy Philippines, Inc. (PEPI) and 100 percentage hobby in Duta, Inc. (Duta).

PEPI is engaged inside the commercial enterprise of promoting LPG in cylinders for family and industrial use as well as LPG in bulk for commercial use, and autogas, an environmentally-friendly opportunity gasoline for vehicles. Duta is in most cases engaged within the enterprise of buying, investing, replacing, selling securities of every type and description, and leasing land.

In a disclosure to the nearby bourse, Phoenix Petroleum said that the whole purchase rate of $126.1 million could be satisfied completely through coins for both PEPI and Duta.

The power employer said that it views the LPG business as a robust strategic fit as it broadens its product portfolio and petroleum presence across the united states, with pass promoting opportunities in fuel and LPG to purchasers and corporates.

Completion of the transaction is situation to the approval of the Philippine Competition Commission (PCC)
Payment for the acquisitions could be made in  transactions: Phoenix Petroleum will deposit $24 million within 3 commercial enterprise days after the execution of the Share Purchase Agreements (SPAs). The stability of $ninety six.1 million may be paid in full upon completion and after approval of the PCC is acquired.

Ford has also disclosed tha

Ford has also disclosed that it's far planning to collect at the least 1,500 drivers to participate within the DSFL training periods. The organization said that this yr they may focus more on public software vehicle drivers inclusive of bus, jeepney, faculty bus, and taxi drivers.

The campaign this year can even extend to cover key regions and locations national together with Rizal, Pampanga, Baguio, Batangas, Laguna, Cebu, and Davao.

Ford’s DSFL software has been customized to reflect the nearby driving surroundings and street conditions within the u . S . A ., allowing greater than 20,000 Filipinos to attend loose trainings and publications seeing that 2008.

Working together with long-time companion Tuason Racing School, Ford presents an immersive and interactive schooling enjoy in its DSFL sessions. DSFL individuals are provided with pointers on vehicle upkeep, avenue safety measures, and gas-efficient driving skills, as well as realistic fingers-on riding sessions.

The enterprise stated DSFL software may even give seminars to its personnel, licensed student drivers, customers, and company fleet debts. The seminars are set to be held at numerous Ford dealerships nationwide and at pick schools and universities.

FORD Motor Company partnered with Uber Philippines

FORD Motor Company partnered with Uber Philippines on Thursday to kick off its every year complete and United Nations-identified safety riding program, which coincided with the implementation of the Anti-Distracted Driving Act (ADDA) of the authorities.

The agency said the Department of Transportation’s ADDA is much like its campaign Driving Skills for Life (DSFL) that “promotes safe and disciplined riding among motorists to preserve roads and passengers secure.”

“We’re proud to be celebrating the 10th of DSFL inside the Philippines, and to hold supporting boost attention about driver and avenue protection, as well as the dangers of distracted riding,” EJ Francisco, assistant vp for communications of Ford Philippines, stated at the media conference in Quezon City.

In this yr’s kick-off, Ford garnered around two hundred Uber drivers from Manila, instructing them about clever and safe driving abilties to assist reduce avenue injuries and sell fuel-green using.

“Today marks the implementation of ADDA, and what we really want to do here is to provide you the possibility to examine and improve your personal safety abilties,” Laurence Cua, preferred supervisor of Uber Philippines, said.

“We share Ford Philippines’ advocacy for street safety and are satisfied to participate in this endeavor. We consider this enhances our very own effort to promote road safety with the usage of generation,” he delivered.

Correlation of currency pairs on Forex

 When entering the Forex market, many beginners often do not understand the terms used by professionals. Some "new" words even frighten. One of these concepts is "correlation of currency pairs".

Let's figure out what this terrible name "currency correlation" is in Forex and why it is so important for a trader?

Currency pair correlation: what is it?

There are currency instruments that can move in the same direction. There are also currencies that move in the opposite direction.

So "correlation of currency pairs" is a very powerful tool that gives knowledge to those who trade with several currency pairs. Using correlation in practice, the trader is able to reduce the negative position (this is called hedging). The second option is to set more profitable positions using different tools. In this case, the correlation table of currency pairs acts as an indicator.

Currency correlation refers to the relationship between the direction of movement of several currency instruments, motivated by fundamental factors that affect a particular currency pair. Naturally, all pairs are in the quotation. Currency correlation can be positive (direct) and negative (reverse, mirror).

Positive correlation is understood as the movement of currency instruments in the opposite direction. Negative correlation refers to the movement of currency instruments in an inversely proportional trajectory relative to each other. The correlation table of currency pairs correlation is always displayed in both views.

Currency pair correlation table: interpretation

There are currency instruments that are highly correlated, and there are some that do not have any correlation at all. And as mentioned above, currency pairs can be both positively and negatively correlated. Currency instruments that have a strong positive correlation have not only a single direction, but also the most similar schedule. Currency instruments with a weak negative correlation always go with the price chart of the mirror image.

In order to understand and understand how strong or weak correlation currency instruments have, experts have developed a special table with correlation coefficients.

Let's look at one example of what such a table might look like:

currency pair correlation table onlinemarketshare.com scam

Looking at the currency correlation coefficient table, you can see that the coefficient ranges from -1 to +1.

Correlation with the value +1 means that currency instruments have almost perfect proportions 100% of the time.

A coefficient with a value of -1 indicates that currency instruments have an inversely proportional price chart 100% of the time.

A coefficient with a value of 0 tells us that the relationship between currency instruments does not have any correlation at all.

Currency pair correlation calculator

Now let's get to the main point: how do we calculate the correlation of currency instruments?

But for such actions, we need a correlation calculator for currency pairs. This is a very convenient mechanism, quite simple and easy to use. So even a novice in the Forex world can make calculations with it. You can find the calculator on any website dedicated to trading and the currency market.

Before we start calculating the correlation, we will need to determine the main currency pair from which we will start and perform the calculation.

Then we select the timeframe we are interested in. This is very important, because the correlation between different time periods can be completely different.

After selecting a timeframe, you need to set the number of selected time periods for calculation - from 10 to 300. The higher this number, the larger the timeframe will be analyzed.

After you have set all the parameters, you can start calculating the correlation.

The national authorities debt rose

The national authorities debt rose by using 7.Eight percentage 12 months-on-yr to P6.34 trillion in May, however fell from April after the authorities redeemed some of its securities and a stronger peso reduce the cost of greenback bonds.

Domestic borrowings accounted for sixty five percent or P4.13 trillion of the debt, while 35 percent or P2.208 trillion had been owed to overseas lenders.

Domestic debt grew by using 9 percent year-on-12 months from P3.79 trillion, while overseas duties rose five.7 percentage from P2.08 trillion.

BTr records confirmed the usa’s overseas loans have been computed at an alternate charge of P49.Seventy six to a greenback in May, softer compared with P46.Seventy two a year in advance.

Month-on-month, the country wide authorities’s great debt fell by way of P25.06 billion or 0.4 percentage.

Domestic debt fell with the aid of P22.Seventy seven billion or 0.5 percent, while external obligations had been decrease with the aid of P2.29 billion or zero.1 percentage.

The Bureau of the Treasury decreased

The Bureau of the Treasury decreased its national authorities debt ceiling by using zero.7 percent this yr, considering the impact of collections via revenue-producing organizations on the united states’s monetary situation.

“For 2017, we are searching at P6.47 trillion of countrywide government debt—that is approximately forty.76 percentage of gross domestic product (GDP),” National Treasurer Rosalia de Leon said.

The revised debt ceiling compares with P6.52 trillion of responsibilities previously programmed.

The new debt goal is 6 percent higher than the P6.09 trillion duties recorded in 2016, equivalent to 42.18 percentage of GDP.

“We assume a totally large revenue collection from the Bureau of Internal Revenue and Bureau of Customs,” De Leon said.

The BIR has set a P1.78 trillion collection target this 12 months, and BoC has P459.Sixty four billion.

The Department of Finance in advance stated it turned into positive that the BIR and the BoC ought to achieve this yr’s collection goals as sweeping reforms are now being implemented to enhance taxpayer pride, arrest corruption, and repair public believe within the authorities’s important sales-generating organizations.

In the five months to May, the BIR amassed P716.Eight billion and the BoC controlled to acquire P174.Nine billion.

THE Department of Transportation

THE Department of Transportation on Wednesday stated its revenue-generating companies and places of work remitted P25.78 billion to the country wide treasury closing year.

The Land Transportation Office (LTO) remitted P21.35 billion and the Maritime Industry Authority (Marina) transferred P1.12 billion. The Toll Regulatory Board despatched P934 million, the Office of Transport Security (OTS) paid P831 million, and the Land Transportation Franchising Regulatory Board conveyed P689 million.

At P42.680 billion, the DoTr has received one of the maximum allocations from the P3.002 trillion General Appropriations Act of 2016.

Three shipping places of work transmitted dividends to the state coffers in May, protecting earnings in 2016. The Manila International Airport Authority remitted P2.26 billion, the Civil Aviation Authority of the Philippines transferred P1.Ninety eight billion, and the Philippine Ports Authority transmitted P1.95 billion.

Transportation Secretary Arthur Tugade instructed CAAP to switch cash to the national coffers under his time period, for the reason that enterprise did remit P6.31 billion of dividends from 2011 to 2015.

In the primary zone of the year, remittances from authorities-owned and managed companies totaled P7.Half billion, which include P5.Seventy six billion from the LTO and P294 million each from Marina and the OTS.

Make the public directors of listed companies

Mabuhay Vinyl Corp. (MVC), in keeping with its trendy data sheet (GIS) for 2019, has legal capital inventory (ACS) of 1,072,942,532 common stocks with par cost of P1 in step with commonplace proportion.

In its GIS, Mabuhay Vinyl stated having 2,290 stockholders 661,309,398 not unusual shares. Of those stockholders, 2,272 Filipinos and 18 foreigners held 39,231,988 MVC commonplace stocks and 622,077,410 MVC not unusual shares, respectively.

As MVC’s top stockholder, Tosoh Corp. Held two blocks of commonplace shares: 317,779,029 common shares, or 48.053 percentage, and 264,006,806 commonplace shares, or 39.922 percentage. Its holdings totaled 581,785,835 MVC common shares, or 87.975 percentage.

Mitsubishi Corp. Changed into MVC’s 2d top stockholder but owned most effective 22.26 million not unusual stocks, or 3.366 percentage. The others blanketed PCD Nominee Corp. As holder of 12,388,429 MVC commonplace stocks for Filipino stockholders. It additionally held 219,601 MVC common shares, or 0.033 percent, for alien stockholders.

The website of the Philippine Stock Exchange (PSE) positioned no restriction to overseas ownership, which is why Tosoh alone owned 87.975 percent of 661,309,398 terrific MVC not unusual stocks.

ESOP stocks
In an ownership filing dated May 31, 2019, Ayala Corp. Disclosed the issuance to 32 grantees of 515,904 not unusual stocks at P883.Eighty three in keeping with commonplace proportion. The additional issuance elevated the range of issued AC common stocks to 631,146,590 commonplace shares from 630,630,686 commonplace stocks.

The identical filing confirmed the growth in the quantity of AC’s tremendous commonplace stocks to 627,340,946 not unusual shares from 626,825,042 commonplace shares.

The Zobel-owned AC, but, also disclosed in its ownership filing a moderate discount in its “public flow” from fifty five.05 percent to52.07 percentage. Its foreign ownership degree additionally declined to 27.Fifty seven percentage from 27.Fifty nine percentage.

In addition to not unusual stocks, AC has also issued 12 million favored A stocks, 28 million favored collection 1 B shares, and two hundred million balloting preferred stocks. Of those issuances, 20 million Preferred B Series 1 shares and 27 million Preferred B Series 2 shares stay awesome.

The agency’s 2 hundred million voting desired stocks stay issued and exceptional. https://en.wikipedia.org/wiki/Main_Page

On May 31, 2019 whilst AC issued stated possession submitting, its common shares opened buying and selling at P908.50, hit a excessive of P919, dropped to a low of P906.50 and closed the consultation at P919. The inventory even went better when it opened trading on June 7, 2019 at P928, which become its session high, fell to a low of P919 and closed trading at P923.

Sold. Jose Marcel E. Panlilio and circle of relatives sold on June three, 2019 at P0.0590 the 6.8 million not unusual stocks they owned in Boulevard Holdings Inc. (BHI). They observed this up with another sale of 790,000 BHI common shares on June 6, 2019.

The  sales totaling 7.59 million BHI not unusual stocks decreased the Panlilio circle of relatives’s possession to 4,934,934,776 BHI not unusual shares, which represent 41.124 percentage of 12 billion wonderful BHI common stocks.

On June 7, 2019, BHI common shares opened buying and selling at P0.057, hit a excessive of P0.059, fell to a low of P0.056 and closed the consultation at P0.058.

Sold. Anabelle L. Chua, a member of the 11-character board of Manila Electric Co. (MER), bought 4,000 MER not unusual stocks at P390 every on June four, 2019. The sale reduced her direct ownership to 11,060 MER commonplace stocks.

A public possession document (POR) dated July 7, 2019 listed Chua as holder of 60 MER not unusual shares of 3,071,one hundred seventy MER not unusual shares then held by way of the board.

The public stockholders have been also said back in 2017 as holders of 233,584,133 MER not unusual stocks, or 20.72 percentage of 1,127,098,705 extremely good MER commonplace shares. As of April 12, 2019, they owned 236,540,473 MER commonplace stocks, or 20.99 percentage.

On June 7, 2019, Meralco common shares opened at P389, hit a excessive of P389.Eighty, fell to a low of P382.60 and closed the consultation at P388.

Due Diligencer’s take
It is up to the public to both oppose or be given the so-referred to as employees stock alternative plan (ESOP), which is arbitrary to them, to mention the least.

Having been one many of the public buyers a few years in the past, Due Diligencer understands the purpose of selling common stocks to their employees, particularly their executives. Granting them ESOP is way to extract loyalty from personnel, especially the executives.

It is, but, not always the case that ESOP breeds loyalty among business enterprise insiders. An insider can’t be partowner of a company and a member of a employer’s union because one cannot be preventing the enterprise which he additionally partially owns.

The Zobels may also have their very own reason or reasons for the ESOP for their own executives. The charge of P883.Eighty three per AC not unusual percentage won't be honest in any respect to the general public investors, who, as Due Diligencer has been writing on this space, had been accountable in enabling very wealthy families of this u . S . To have their commonplace shares listed on PSE.

These rich clans or families need to have expressed their gratitude to the general public through inviting them to grow to be participants of the board. They did now not and nevertheless don’t. A few of them even make the public both their majority or giant stockholders.

Why don’t SEC officials require the public to opt for their very own men to the board of listed groups? Just asking.

ALEOSAN, North Cotabato: The Department of Agriculture (DA) and the local authorities unit have released the “Livestock Oksyon” Market (LO M) right here in a bid for cattle farmers selling their animals to get a truthful fee.

Arnol Esteban, a goat and hog raiser from Barangay Pagangan, stated Monday the DA project might mean a “honest market for all animal raisers inside the province.”

“For so long, center men or commercial enterprise humans come to our area, look at our animals and set the price,” Esteban, 45, stated.


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“Normally, they dictate the fee and we couldn't do some thing but agree for we want the cash for our families,” he brought.

Another hog raiser, Emilio Sta. Cruz, said the buying price of stay hogs become too reasonably-priced whilst the market fee of sparkling meat inside the neighborhood marketplace became almost doubled.

“We (earn little in case you compare) the buying price of live hogs in opposition to the expenses of clean meat,” Sta. Cruz stated.

“With the “Livestock Oksyon’ Market” in location, our hard hard work will endure appropriate fruit,” he brought. “Oksyon” is Filipino slang for “public sale.”

A joint venture concerning DA Region 12 and its connected organizations led to the establishment of LOM in Barangay New Panay, Aleosan, which turned into launched on Friday. This is one of the many LOMs the DA is placing up throughout the SOCCSKSARGEN place.

“This will enhance the system inside the public sale of farm animals,” Esteban stated.

The LOM, through the local authorities unit, homes a digital weighing scale the usage of the Philippine National Standard. Aleosan Mayor Vicente Suropia lauded DA and its companion organizations for the enterprise, describing it as a shape of empowering farm animals people.

“LOM empowers both dealers and buyers to get the accurate and specific fee and weight of the cattle,” Sorupia stated.The LOM facility is well worth PHP3.Nine million.

Suropia said the antique practice of “mata mata” system (client’s charge estimates) could be a aspect of the beyond.
Supporting this mission is North Cotabato board member Socrates Pinol, more youthful brother of Agriculture Sec. Manny Pinol.

“Once the records is to be had in the internet, consumers from Manila or elsewhere may also get in contact with the neighborhood cattle raisers,” he stated.

Bourse to alternate decrease ahead of vacation

THE inventory marketplace is predicted to trade decrease in a shortened trading week and without a catalyst to enhance sentiment.

In a cellular message over the weekend, Philstocks Financial Inc. Research partner Piper Chaucer Tan said he expected the Philippine Stock Exchange index (PSEi) to change weaker this week and hover between the 7,770 to eight,050 degrees.

P2P Trade Online sales partner Gabriel Jose Perez additionally stated he changed into waiting for the market to change sideways, as there aren't any instant leads.

According to Tan, the release of facts on the u . S .’s trade stability on Monday and overseas direct investments (FDI) on Tuesday are not going to buoy trading on expectancies that FDI might slow because of the passage of the anti-endo (stop of contract) invoice, even as the trade deficit was possibly to have continued due to the surge in imports.

Senate Bill 1826, also called an “Act Strengthening Workers’ Right to Security of Tenure,” has been permitted on 0.33 and very last studying and adopted by means of the House of Representatives.

The invoice was licensed as urgent by using President Rodrigo Duterte and is now looking forward to his signature.

Meanwhile, Tan stated market gamers must bet on choose blue-chip stocks, specially those who have been on oversold conditions.

The local market could be closed on Wednesday, June 12, in birthday celebration of the 121st anniversary of the country’s declaration of independence.

Last Friday, the bellwether Philippine Stock Exchange index grew via 0.30 percent or 24.12 points to close at 7,983.Ninety eight. The wider All Shares rose by means of 0.12 percent or five.Ninety two points to complete at four,890.Seventy nine.

THE Philippines is expected to sign a $202.04-million infrastructure loan agreement with Japan at the sidelines of a high-degree joint committee assembly among the two international locations on June 18, the Department of Finance (DoF) announced on Sunday.

In a announcement, the Finance department stated the deal changed into for the Road Network Development Project in Conflict-Affected Areas in Mindanao, which involves building, rehabilitating and improving the 178.Forty three-kilometer road network inside the Autonomous Region in Muslim Mindanao and neighboring regions.

It changed into aimed to revitalize the neighborhood economic system of Mindanao’s conflict-hit areas and decrease poverty.

The https://signal-means-profits.com/ authorities pledged its commitment to provide a yen mortgage for the undertaking on January 18.

Acknowledging that a long time of war had slowed down Mindanao’s socioeconomic development, the Japanese embassy in Manila stated the street task sought to foster monetary hobby, make certain clean commodity waft and improve the location’s accessibility.

“The challenge will assemble and improve get right of entry to roads to arterial roads linking the primary cities of Mindanao, thereby contributing to the revitalization of the local economy, the discount of poverty and the consolidation of peace in battle-affected areas in Mindanao,” it said in an in advance statement.

“This challenge will make a contribution to enhance logistics, stimulate financial activity and give a boost to access to the region with the development and refurbishment of roads and bridges within the conflict-affected areas of Mindanao,” the embassy added.

Meeting
The DoF also said that in the June 18 meeting, Philippine and Japanese officers could resume discussions on the progress of Japan-funded infrastructure initiatives below the authorities’s “Build, Build, Build” infrastructure software and other regions of financial cooperation among Manila and Tokyo.

It announced that Finance Secretary Carlos Dominguez third and Socioeconomic Planning Secretary Ernesto Pernia would once more lead the Philippine aspect , at the same time as Hiroto Izumi, a special consultant to Japanese Prime Minister Shinzo Abe, is expected to head the Japanese delegation.

The assembly, to be held at New Clark City in Pampanga province, will be the eigth held through the high-degree joint committee because it turned into first convened in March 2017 as a part of the Duterte administration’s efforts to speedy-track the rollout of its 75 huge-price tag tasks beneath “Build, Build, Build.”

According to Dominguez, 9 different loan agreements with Japan had been signed between October 2016 and January 2019 with a combined quantity of 398.Eighty two billion yen (approximately $3.63 billion or P189.92 billion).

These were the Maritime Safety Capability Improvement Project for the Philippine Coast Guard (Phase 2); Harnessing Agribusiness Opportunities thru Robust and Vibrant Entrepreneurship Supportive of Peaceful Transformation; Cavite Industrial Area Flood Risk Management Project; Arterial Road Bypass Project (Phase 3) in Bulacan; New Bohol Airport Construction and Sustainable Environment Protection Project (Phase 2); Metro Rail Transit Line three Rehabilitation Project; Pasig-Marikina River Channel Improvement Project (Phase 4); North-South Commuter Railway Extension Project (first tranche of mortgage); and Metro Manila Subway Project (Phase 1).

Japan stays the top provider of reputable improvement assistance (ODA) loans totaling $6.Thirteen billion, accounting for 47.51 percentage of the full as of closing 12 months, based totally at the National Economic and Development Authority information.

The united states become also the fifth biggest provider of ODA presents amounting to $106.76 million — four.Forty five percent of the overall — as of December 2018.

The second tranche is equal to P161.7 million or 1/2 of the P323 million earmarked for bidding out the consultancy offerings for targeted engineering layout and project management services, in keeping with the CIAC.

In the absence of unforeseen situations, the bid and award method may be finished by the third sector of 2017, Alexander Cauguiran, CIAC president and chief government officer, stated in announcement.


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The triumphing bidder could be responsible for the design take a look at and the draft terms of reference in obtaining the services to build three principal civil works which includes the taxiway, a new aircraft parking apron or ramp, and apron shoulders. The mixed price of is round P2.163 billion.

The board of administrators of CIAC will evaluate the layout observe and phrases of reference before approving a piece application and looking for the transfer of budget—also in tranches—for the pre-construction supervision and implementation.

The finances will come from P800-million and P2.09-billion allotment to the DoTr below the General Appropriations Act (GAA) of 2015 and 2016, respectively.

Last week, the primary tranche of P6.6 million changed into released by way of the DoTr to CIAC for hiring of experts in airport control for approving the phrases of reference for the distinct engineering layout.

“To expedite the system via regulations-primarily based transparency, the initial step is to have the phrases of reference permitted with the aid of the CIAC board of directors,” Cauguiran stated.

The release of the funds “is each well timed and crucial to CIAC’s plans to deal with the increasing variety of passenger traffic at Clark airport.”

The new airport terminal is part of the management’s “Build, Build, Build” infrastructure improvement thrust. The mission is predicted to be completed before the stop of President Rodrigo Duterte’s term in 2022, Cauguiran said.

“As the primary-ever cruise ship to homeport in Manila, Superstar Virgo will etch a milestone in our tourism journey, as each the deliver and our seashores will offer tourists, consisting of the locals, the benefit of now not having to fly to either Hong Kong or Singapore to take a cruise,” Teo stated in a assertion.

On Sunday, the luxury cruise ship made its maiden voyage from Manila to Laoag-Kaohsiung, Taiwan-Hong Kong and returned to Manila.


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Manila ushered inside the summer time because the ancient Philippine capital becomes homeport to the flagship of one of the international’s biggest cruise ship operators.

Teo also noted that, “This event dramatizes the imaginative and prescient of the Asean and China Tourism Cooperation settlement solid currently.”

The Asean member-countries are: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.

Star Cruises President Ang Moo Lim echoed Teo’s optimism that a wholesome and closing excursion enjoy for both, global and Filipino cruise passengers provide households the perfect bonding time.

Hong Kong-based Star Cruises’ flagship arrived to a rousing, fanfare-crammed party at Manila’s South Harbor where hundreds of welcomers waited as early as five a.M.

The 13-tale, 900-cabin, 2,six hundred-passenger potential ship, docked at 7:30 a.M. And the public changed into handled to a brilliant musicale at its Lido theater after which given a excursion of the ships facilities, together with restaurants, bars, sport room, shopping mall, gym, rub down spa, and roof deck swimming pool.

Star Cruises is reportedly searching forward to feature extra Philippine locations, which include Boracay and Cebu, inside the cruise itinerary inside the future.STATE-RUN Clark International Airport Corporation (CIAC) intends to bid out the settlement for engineering and civil works layout for the new terminal as soon because it gets the second one tranche of investment from the Department of Transportation (DoTr).

Wang emphasized at the meeting that China considers the Asean as a “diplomatic priority” and that the Philippines, as chair of the regional bloc this year, will “make a massive contribution within the local cooperation,” According to the DoF.

“Secretary Dominguez answered that collectively with China, the Asean can lead growth in the nearby monetary the front that isn't always most effective a rapid one however inclusive to all participants of society,” the DoF stated.

“We stay up for keep the discussions on the promoting of free alternate partnership through the Regional Comprehensive Economic Partnership where China is also taking the lead. We are very an awful lot positive for its early end which would assist us further diversify our export markets,” Dominguez become quoted as announcing at
the assembly.

The RCEP negotiations were released by means of leaders from the 10 Asean member-states (Brunei Darussalam,
Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Viet Nam) and 6 Asean loose trade partners (Australia, People’s Republic of China, India, Japan, Republic of Korea, and New Zealand) for the duration of the 21st Asean Summit and Related Summits in Phnom Penh, Cambodia in November 2012.

Its membership of 16 Asian nations account for nearly 1/2 of the sector’s populace, nearly 30 percent of global gross domestic product and over a quarter of global exports.

It covers change in items and services, funding, monetary and technical cooperation, highbrow property rights, competition policy, and dispute agreement, amongst different issues. It does now not cover exertions, surroundings and country-owned enterprises.THE Bangko Sentral ng Pilipinas (BSP) said it has started circulating to the public 1-peso commemorative cash.

The issuance of the Asean commemorative coins objectives to sell more public recognition and interest at the Philippines’ Asean Chairmanship in 2017 and Asean cooperation in widespread. It is a legal gentle and has the following capabilities:


The coin become first unveiled by President Rodrigo Duterte and BSP Governor Amando Tetangco Jr. All through the launch of the Philippines’ Asean 2017 chairmanship on January 15 in Davao City.Secretary Wanda Teo stated on Monday the increasing wide variety of cruise ships touring Manila, as well as Boracay, raises the possibility that the united states can also but become an worldwide cruise hub.

Crowdfunding is some other manner in which ideas may be marketed for financial assist. Common among both Dragon’s Den and Crowdfunding is the small quantity of data that is given to the capacity investor so as for a choice to be made —3 mins in Dragon’s Den. The amounts of investment sought may be tremendous, $1 million to $2 million for 20 percentage to 25 percentage of the enterprise searching for funding.

If investors [wealthy people] can, in truth, make up their thoughts to make investments giant sums in begin-up corporations on scant data and in a completely brief time, why is it vital for investment bankers who are looking for the proper funding for his or her clients’ wealth to take a look at the commercial enterprise thoughts presented to them in such depth and with such analytical rigor?

It looks like the times of humans’s potential to make funding choices based on non-public understanding of the fellow planning the assignment, blended with an intuitive experience for whether or not or now not the project can be exact enterprise, are actually in the back of us, besides in TV sport indicates. Other approaches want to be evolved to facilitate the transfer of wealth from the richies to precise enterprise ventures. Then matters may additionally grow to be higher for everybody, and in preference to simply gasping in awe at how much cash some of these humans have, we may be able to gasp in awe at how plenty these human beings have helped to make the sector a better place.The Philippines has an “irreplaceable” role in the China-led Regional Comprehensive Economic Partnership (RCEP) agreement, specifically on the grounds that Manila holds the chairmanship of the Association of Southeast Asian Nations (Asean) this 12 months, the Department of Finance (DoF) stated.

In a declaration on Monday, the DoF noted a traveling high-stage Chinese delegation led via Vice Premier Wang Yang has underscored the important role that the Philippines will play in RCEP settlement.

In his assembly with Cabinet officers led via Finance Secretary Carlos Dominguez third in Davao City over the weekend, Wang stated “the Philippines’ irreplaceable function inside the discussions of RCEP and highlighted that ‘Asean centrality’ could be vital to the belief of the settlement,” the DoF stated.


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Wang also expressed China’s help for the Philippines’ chairmanship of the Asean, that is commemorating its 50th anniversary this year.

PH’s first dollar-denominated stocks to be listed on April 7

DUAL-LISTED fruit canner Del Monte Pacific Limited (DMPL) stated on Monday it will commence its $250-million preference share issue this week after receiving regulatory popularity of the fund raising.

It said it expects to list the u . S . A .’s first ever dollar-denominated shares on April 7.


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In a statement, DMPL said that on March 17, it obtained the notice of approval from the Philippine Stock Exchange (PSE) for the preliminary provide tranche of its public supplying of US greenback-denominated preference stocks, challenge to certain situations.

DMPL said the preference stocks might be presented to the general public from March 22 to 28. It will behavior an investor avenue display presentation on the proportion sale day after today, March 22.

The $250-million share difficulty is the preliminary tranche of its $360-million 3-12 months equities program below shelf registration with the Securities and Exchange Commission (SEC).

Ed Francisco, president of BDO Capital & Investment Corp., said the bottom offer is $one hundred fifty million with a greenshoe or oversubscription alternative of $one hundred million.

“We’re being conservative due to the fact that is the primary device of its kind,” Francisco stated. BDO Capital become appointed lead underwriter for the deal.

DMPL, that's listed on each the Singapore Exchange Limited and the PSE, earlier stated that the funds to be raised from the preference share trouble will partly finance its mortgage responsibilities.