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May 25, 2018 7:44 AM Metro Manila crime rate down, claims NCRPO chief

MANILA - The crime rate in Metro Manila has significantly declined in the last month compared to the same period in 2017, National Capital Region Police Office chief, Director Camilo Cascolan said on Friday. From April 16 to May 20, 2018, the NCRPO has recorded a total of 1,255 crimes, much lower compared to 1,678 recorded incidents during the same period 3

May 25, 2018 7:12 AM Treasury to sell minimum P30 billion in retail bonds on May 30

MANILA - The Philippines' Bureau of the Treasury said on Friday it would begin an offer of 2021 retail treasury bonds on May 30. The launch of a minimum P30 billion ($570.6 million) worth of 3-year retail bonds would come 2 days before the central bank's 1 percentage point cut in the reserve requirement ratio (RRR) comes into effect. The retail bonds 3

May 25, 2018 2:45 AM Sotto says 'unnecessary' to suspend full tax reform law

MANILA - Calls to suspend or repeal the tax reform law are "unnecessary" because it contains many "good" provisions, Senate President Vicente Sotto III said Friday. Sotto said the Tax Reform for Acceleration and Inclusion or TRAIN Law allows the suspension of excise taxes on fuel if certain conditions are met. "The call for the TRAIN law to be suspended 4

May 25, 2018 12:59 AM Bucks’ Antetokounmpo named to All-NBA 2nd team

Milwaukee Bucks’ Giannis Antetokounmpo dunks during the first half of Game 4 of an NBA basketball first-round playoff series against the Boston Celtics Sunday, April 22, 2018, in Milwaukee. (AP Photo/Morry Gash) MILWAUKEE — Milwaukee Bucks forward Giannis Antetokounmpo has been named to the All-NBA second team. It’s the second consecutive season that Antetokounmpo 2

May 24, 2018 11:47 PM Netflix eclipses Disney for first time based on stock market value

SAN FRANCISCO - Netflix's stock market value ballooned to a record $153 billion on Thursday and eclipsed Walt Disney Co for the first time, making it the world's most valuable entertainment company, following a monumental shift by viewers away from cinemas and cable television. Lifted by a blitz of original programs and 125 million global subscribers 4

May 24, 2018 9:16 PM SEC approves Del Monte Philippines’ P17.55-B shares offering

The Securities and Exchange Commission has approved a plan of food producer Del Monte Philippines Inc. (DMPI) to sell as much as P17.55 billion secondary common shares to the public. This initial public offering consists of 587.437 million secondary shares which will be offered at as much as P29.88 per share. DMPI is a market leader in the Philippines 2

May 24, 2018 2:00 PM Legalize ‘bike taxis’ —motor riders

Motor bikers on Thursday urged the government to back the legalization of motorcycle taxis to operate not only in Metro Manila but also in other highly urbanized cities. At a news conference in Quezon City, George Royeca of Transport Watch called for the regulation of motorcycle taxis. "We urge the government not to turn a blind eye to the needs of the motorcycle-riding 4

May 24, 2018 11:35 AM Toyota Aisin to produce AT boxes in Philippines

A joint venture of Toyota Motor Philippines Corp. and Aisin Seiki Co. Ltd. plans to manufacture automatic transmission boxes in the Philippines to complement manual transmission production. Toyota Autoparts Philippines Inc., which manufactures parts and accessories for Toyota in its facility in Sta. Rosa, Laguna, will invest in AT production and will be renamed 4

May 24, 2018 11:00 AM Government expenditures surged 43% in April

The government posted a P46.3-billion surplus in April on strong revenue collection despite the 43-percent surge in government spending. Data from the Bureau of the Treasury showed that the April surplus was lower compared to the P52.8-billion surplus a year ago. This resulted in a fiscal deficit of P105.9 billion in the first four months, higher than the P30.2 billion-shortfall 3

May 24, 2018 7:45 AM SEC oks Del Monte PH’s P17.55B IPO

The Securities and Exchange Commission has approved a plan by food and beverage producer Del Monte Philippines Inc. to sell as much as P17.55 billion secondary common shares to the public. This initial public offering (IPO) consists of 587.437 million secondary shares which will be offered at a price of as much as P29.88 per share. The offering will bring 2