November 2016 – Page 26

Observance of ‘Undas’ generally peaceful: PNP chief

Nov 082016

Candles are simultaneously lit at exactly 6 p.m. as tribute to soldiers buried at the Libingan ng mga Bayani on All Saints’ Day. The cemetery was established as the resting place for soldiers who fought during World War II and other soldiers who served the nation.(MNS photo) MANILA, Nov. 2 (PNA) – The traditional observance of the All Saints’ Day and All Souls’ Day was “generally peaceful” and orderly. PNP chief Director General Ronald “Bato” Dela Rosa made this assessment on Wednesday as he took note of reports from the Police Regional Offices (PROs) that indicated no serious untoward incidents and security concerns as the four-day weekend holiday ended on Tuesday. “I extend the congratulations of President (Rodrigo) Duterte and DILG (Department of Interior and Local Government) Secretary Mike Sueno to all police and military units, and participating government agencies, and civic organizations for the orderly and uneventful outcome of the national holiday.” The PNP chief was kept posted of the prevailing nationwide situation in real time thru the PNP National Operations Center (NOC) and the Situation Monitoring Room at the National Headquarters in Camp Crame, Quezon City. Aside from the perennial traffic congestion and crowding in roads leading to public cemeteries and memorial parks, mostly minor infractions and violations of local ordinances that prohibit gambling, loud music, alcoholic beverages, flammable substances and deadly weapons inside cemeteries, the PNP NOC noted four separate untoward incidents nationwide. These separate untoward incidents include PRO-3’s alarm and scandal, and stabbing incidents; illegal gambling Read More …

New US cutter heads for PHL

Entertainment

Nov 082016

The crew of the former Coast Guard Cutter Boutwell, now the Philippine Navy vessel Andres Bonifacio, man the rail of the vessel following its official transfer to the Philippine Navy back on July 21, 2016, during a ceremony held at Coast Guard Base Alameda in Alameda, California. The Boutwell is the third decommissioned Coast Guard cutter to be transferred to the Philippine Navy as part of the Excess Defense Articles program, which offers excess military equipment to U.S. allies in their modernization efforts. U.S. Coast Guard photo by Petty Officer 2nd Class Cory J. Mendenhall. MANILA, Nov. 2 (PNA) – BRP Andres Bonifacio (FF-17), the third Hamilton-class cutter in Philippine Navy (PN) service, departed from California on Nov. 1 (American time) and now headed for home. “Yes, she (BRP Andres Bonifacio) has left Alameda, California on Nov. 1. She is expected to be home by the second week of December,” PN spokesperson Lued Lincuna in a message to the PNA Wednesday said. Lincuna said the BRP Andres Bonifacio has a crew of 80 officers and enlisted personnel. “She will pass by Hawaii and Guam for refueling and provisioning (before heading to the Philippines),” he added. The USCGC Boutwell was retired from US Coast Guard service last March 16 and handed to the PN last July 21 (American time). She will be the third Hamilton class cutter in PN service after the BRP Gregorio Del Pilar (FF-15) and BRP Ramon Alcaraz (FF-16) which were acquired in 2011 and 2013, respectively. The Read More …

Duterte accepts FVR’s resignation as special envoy to China

Entertainment

Nov 082016

Duterte accepts FVR’s resignation as special envoy to China

Former President Fidel V. Ramos (left), who supported his protegé and now President Rodrigo Duterte when he ran for the top post, has reportedly quit as special envoy to China. DAVAO CITY, Nov. 2 (PNA) – President Rodrigo Duterte has accepted the resignation of former President Fidel Ramos who tendered to quit as his special envoy to China. “Nag resign na siya (He already resigned),” the President told reporters in an interview on Tuesday night when he visited the graves of his parents at the Catholic Cemetery in Davao City. Ramos was appointed by President Duterte in July this year to ease tension between the Philippines and China over territorial claims in the South China Sea. “Nauna siya to break the ice (He first broke the ice),” the President said, referring to the visit of Ramos to China. He added that the former President also wanted to take some rest after performing his tasks for the past months. “Nagawa ko na yong inutos mo sa akin at akoy magpahinga muna (I have fulfilled what you asked me to do),” President Duterte quoted Ramos. The President added that Ramos also told him about climate change and asked to protect the mother earth. “I do not disagree with him. Ang sabi ko tama yan (That is right)… but,” President Duterte said, as he declined to made more comments on the remarks made by Ramos on the issues of environment and climate change. The former President opined on his recent column in the Read More …

PHL makes progress’ on safety nets led by CCT, health — ADB

Economy

Nov 072016

THE Philippines has made “progress” in upgrading its social safety nets, particularly for the poor and the elderly, led by key programs such as Conditional Cash Transfers and expanded health insurance coverage, the Asian Development Bank (ADB) said.

Auction scheme considered for renewable energy service areas — DoE

Economy

Nov 072016

THE Department of Energy (DoE) is considering a competitive auction to serve areas that can accommodate more renewable energy projects, specifically using solar or wind technology, once the agency finalizes a new feed-in-tariff (FiT) system.

PWDs as tax dependents

Economy

Nov 072016

With less than two months before 2016 comes to an end, employers have started the tax annualization of the withholding taxes of their employees. Former President Benigno S. C. Aquino III signed Republic Act (RA) 10754 into law, an act expanding the benefits and privileges of persons with disability (PWDs). It is worth noting that this RA provided for the classification of a PWD as a dependent subject to certain qualifications, for purposes of allowing the benefactor the privilege of claiming the P25,000 exemption in computing taxable income.

RH law impact in cutting poverty to be visible by 2018 — NEDA

Economy

Nov 062016

EMPLOYMENT growth resulting from the full implementation of the Responsible Parenthood and Reproductive Health (RPRH) law will help reduce poverty incidence significantly, the government’s chief economic planner said

Energy plan factors in middle-class society by 2040

Economy

Nov 062016

THE Department of Energy (DoE) has factored in the administration’s ambitious goal of lifting a majority of the Filipinos into the middle class by 2040 in drafting its 15-year plan for the energy industry.

Last but not the lease-t: Preparing for the new leases accounting standards

Economy

Nov 062016

In the first quarter of 2016, the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) released new accounting standards on Leases — IFRS 16 and ASC 844, respectively. While the standards differed on some key points, both boards noted that they fulfill the key objective of recognition of lease-related assets and liabilities by lessees on the balance sheet to enhance transparency. These new standards, which took almost a decade to finalize, could have a significant impact on all industries. Adoption could be challenging for many entities, especially for multinational companies that have decentralized operations and report both in US Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). The differences between IFRS 16 and ASC 844 could also add complexity to the implementation.

Two-year delay seen in Kaliwa Dam project

Economy

Nov 032016

METRO Manila’s new water source will be ready two years later than scheduled after the change in leadership altered key details of the project, including the implementing government agency.

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