Customs collects P5.9-B tariffs from rice imports »Story on B1 ++
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CoA: Only 58% of houses for ‘Yolanda’ completed ONLY 58 percent of the housing units for victims of Super Typhoon “Yolanda” (Haiyan) had been completed, five years after the huge cyclone devastated the Visayas region, killing more than 7,000 people and displacing tens of thousands of residents, the Commission on Audit (CoA) said. Under the Yolanda Permanent Housing Program, 203,471 housing units (HUs) would be constructed. However, the CoA said only 117,167 or 58 percent of the target had been completed. Typhoon Yolanda struck in November 2013. g)T HAS BEEN MORE THAN kVE YEARS
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Sara’s party rejects House term-sharing T
BY CATHERINE S. VALENTE
HE Hugpong ng Pagbabago (HnP) has rejected the termsharing proposal for the frontrunners in the speakership race, saying it would derail the passage of vital measures.
Davao City Mayor Sara Duterte-Carpio on Thursday said her party was not amenable to the proposed sharing of term because it was “counterproductive.” “HnP will not gun for term-
Stop this gobbledygook over EEZs, it’s about territory
SEN. Francis Pangilinan wants to phase out single-use plastic products by prohibiting their importation, manufacture and use in food establishments, stores and markets and by retailers. The senator filed Senate Bill (SB) 40 or the “Single-Use Plastics Regulation and Management Act of 2019,” which bans the use of all single-use plastics one year after the effectivity of the measure and to penalize those who will not enforce it. “Those who will reuse and recycle will receive an incentive,” said Pangilinan, as he deplored the country’s inability to manage waste efficiently, which poses
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AT THE ZOO
Manila Mayor Francisco ‘Isko’ Moreno Domagoso feeds an elephant during a visit at the Manila Zoo. The mayor promised to upgrade the zoo to make it safer to visitors and the animals. PHOTO BY RENE H. DILAN
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What’s inside DUTERTE SEEN SIGNING BILL ON TENURE SECURITY INTO LAW NewsA2 COUNCIL FOR MARITIME SAFETY FORMED NewsA3
PACQUIAO ENJOYS REST AFTER PUNISHING REGIMEN
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Senate bill bans single-use plastics
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HE storm of blahblahs in the wake of the alLEGED SINKING OF A &ILIPINO kSHING BOAT by a Chinese vessel in Recto Bank, and the Yellows’ verbal diarrhea over President Duterte’s purported weakness toward China is total nonsense, since they talk about “exclusive economic zones” (EEZs). The disputes are about sovereign territory. Period.
sharing for the speaker of the House. It is counterproductive. It will slow down [the development] during the last three years of the administration of
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US waste driving global garbage glut – study REACH US AT: E-mail: newsdesk@ manilatimes.net Tel. Nos.: 524-5664 to 67 Address: 2/F Sitio Grande, 409 A. Soriano Avenue, Intramuros, Manila 1002
PARIS: The United States is driving a worldwide waste boom that poses a severe risk to human health, the environment
and the economy, according to a new study of global garbage trends published on Wednesday
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MERRYMART GROCERY PARTNERS WITH JOLLIBEE GROUP FOUNDATION
THE ‘GREEN’ SIDE OF OPM ICONS EntertainmentE4
MerryMart Grocery signs a corporate social responsibility partnership with Jollibee Group Foundation to support its programs, primarily the Farmer Entrepreneurship project. This program aims to increase the capabilities of smallholder farmers and enhance their income by linking them to the supply chain of institutional markets such as Jollibee and MerryMart. All MerryMart supermarkets nationwide will also host the foundation’s coinbanks for its Busog Lusog Talino school feeding program across the country. In photo are DoubleDragon Properties Corp. Chairman and Chief Executive Officer Edgar ‘Injap’ Sia 2nd and President Ferdinand Sia, and Jollibee Group Foundation Chairman Tony Tan Caktiong and President Grace Tan Caktiong.
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What’s inside DESIGNING THE EMPLOYEE EXPERIENCE – FINEX FILES
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PSEI DIPS AHEAD OF JUNE INFLATION
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CHINA BANK EYES P20B FROM LTNCDS
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BOEING TO GIVE $100M TO CRASH VICTIMS’ FAMILIES Foreign BusinessB4
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SAMANTHA POBLACION
Unpacking the estate tax amnesty procedure
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N pursuit of its mandate to enact the implementing rules and regulations (IRR) of the Tax Amnesty Act (otherwise known as Republic Act 11213), the Bureau of Internal Revenue (BIR) released the IRRs for availment of amnesty on estate and delinquent taxes.
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Customs collects P5.9-B tariffs from rice imports T BY ANNA LEAH E. GONZALES
HE Bureau of Customs (BOC) has collected P5.9 billion in tariffs from 1.43 million metric tons of rice imported by private traders, the Department of Finance (DoF) said ON 4HURSDAY ALMOST kVE MONTHS AFTER 2EPUBLIC !CT OR THE 2ICE ,IBERALIZATION !CT WAS SIGNED INTO LAW
In a statement, the DoF cited Customs Commissioner Rey Leonardo Guerrero’s report to Finance Secretary Carlos Dominguez 3rd that said the bureau collected the highest amount among these tariffs — P1.37 billion — from the Subic Bay port. The Port of Manila followed with P978.51 million; the Manila International Container Port, P942.76 million; the Port of Cagayan de Oro, P754.13 million; and the Port of Davao, P703.93 million.
said that “under [the] 35-percent tariff rate, [the country’s] GDP (gross domestic product) would improve by 0.44 percentage points,� adding that “[t]he agriculture sector would expand as there would be more crop diversification — as uncompetitive rice areas shift to other high-value crops
with relatively higher net returns.� The study results came almost five months after the signing into law of Republic Act 11203 or the Rice Liberation Act. This law replaced the system of quantitative restrictions on rice imports with a purely tariff-based one as part of
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Pag-IBIG home loans hit P37B in H1 THE Home Development Mutual Fund (Pag-IBIG Fund) released P37.07 billion in home loans in the first half of 2019, a P4.37billion or 13-percent increase from the P32.70 billion released in the same period last year. The amount is the highest released by the state-
run agency in any January-to-June period. The amount financed the acquisition and construction of 41,746 homes for Pag-IBIG Fund members — also a record-high for THE kRST HALF OF THE YEAR ‡ AND IS 4 percent higher than the 40,094
homes funded in the same period in 2018. “Pag-IBIG Fund’s performance in the first six months of 2019 stands out as the best so far. Bigger loan releases and increasing number of borrowers mean that
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Anscor buying more ANS common shares
Rice liberalization to help GDP rise THE liberalization of rice imports would have a positive impact on the Philippine economy, the preliminary results of a study by the National Economic and Development Authority (NEDA) and the International Food Policy Research Institute (Ifpri) showed. In a statement on Thursday, NEDA
According to Dominguez, RA 11203 will not only make high-quality rice more affordable and accessible to Filipino families, but also LOWER THE COUNTRY S INlATION RATE REVOLUTIONize the agriculture sector, and help farmers become more productive and competitive in the global economy. The law, which also created the P10-billion Rice Competitiveness Enhancement Fund (RCEF), will help palay (unmilled rice) growers
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URO-MED Laboratories Philippines Inc. (Euro) has 547 stockholders, four of them foreigners. It has authorized capital !#3 CONSISTING OF kVE BILLION common shares with P1 par value, according to the company’s 2019 general information sheet (GIS). Of Euro’s ACS, 543 Filipinos own 4,111,844,354 common shares while four foreigners hold 296,186 common shares for a total of 4,112,140,540 outstanding common shares. Businessman Emilio Yap is the company’s top stockholder through the companies he and
his family control. Among them are U.S. Automotive Co. Inc., holder of 2,401,747,112 Euro common shares, or 58.41 percent, and US Autoco Inc., 855,505,147 Euro common shares, or 20.80 percent. Philippine Trust Co. was listed as holder of two blocks of Euro
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