PhilHealth fund transfer: What to know
Critics argue that PhilHealth funds should be used to expand health coverage and improve benefit packages for Filipinos, especially the poor and indigent. Read more: Watchdogs question PhilHealth fund transferPrior to Marcos Jr.’s Sona last July 22, over 60 professional organizations from the health care sector signed a letter addressed to the President, urging him to issue a directive to return the P89.9 billion unused fund to PhilHealth. PhilHealth initially requested a P101.5-billion subsidy from the national government for 2024 to support the National Health Insurance Program. This legislation was a pledge to care for our most vulnerable, guaranteeing PhilHealth benefits, including comprehensive outpatient services,” Leachon said. RELATED STORIES:PhilHealth to recommend premium contribution rate cut to MarcosBankrolling other services using PhilHealth funds unethical – MakabayanYour subscription could not be saved.
Source:Philippine Daily Inquirer
August 01, 2024 07:48 UTC
New US rule on foreign chip equipment exports to China to exempt some allies, sources say
File PhotoThe Biden administration plans to unveil a new rule next month that will expand U.S. powers to stop exports of semiconductor manufacturing equipment from some foreign countries to Chinese chipmakers, two sources familiar with the rule said. A spokesperson for the U.S. Commerce Department, which oversees export controls, declined to comment. The Foreign Direct Product rule stipulates that if a product is made using American technology, the U.S. government has the power to stop it from being sold - including products made in a foreign country. Equipment, for example, could be designated as falling under export controls simply because a chip containing U.S. technology is incorporated into it, they said. "Effective export controls rely on multilateral buy-in," said a separate U.S. official who declined to be identified.
Source:The Standard
July 31, 2024 17:43 UTC
Alfredo Pascual resigns as DTI chief
Alfredo Pascual resigns as DTI chiefTrade Secretary Alfredo Pascual at a Department of Trade and Industry event in July 2024. MANILA, Philippines — Trade Secretary Alfredo Pascual has quit his post, said the Palace on Wednesday. The Presidential Communications Office announced his resignation in a Facebook post. “His focus on MSMEs was absolutely correct, and we are beginning to see the fruits of that policy. Benjamin Diokno was replaces as Finance Secretary in January and Vice President Sara Duterte had resigned as the Education Secretary and NTF-Elcac vice chairperson in June.
Source:Philippine Star
July 31, 2024 16:43 UTC
Paris Olympics athletes, fans melt in 'brutal' heat
Paris Olympics athletes, fans melt in 'brutal' heatA view shows Olympic Rings set by the Pyramide du Louvre, designed by Chines-US architect Ieoh Ming Pei, within a gala dinner hosted by the International Olympic Committee (IOC) and the French Presidency at the Louvre Museum in Paris, on the eve of the opening ceremony of the Paris 2024 Olympic Games, on July 25, 2024. The forecasted return of some wet weather may come as relief to athletes, spectators and officials who baked in unforgiving weather throughout the day. A report released last month ahead of the Games and backed by climate scientists and athletes had warned about the dangers posed by extreme high temperatures. Players have been issued with refillable bottles but the world number 27 said it was impossible to keep the water cool. Officials at the tennis activated a heat protocol, allowing a 10-minute break between the second and third sets.
Source:Philippine Star
July 31, 2024 16:38 UTC
Uxin Reports Unaudited Fourth Quarter and Fiscal Year 2024 Financial Results
BEIJING, July 31, 2024 /PRNewswire/ -- Uxin Limited ("Uxin" or the "Company") (Nasdaq: UXIN), China's leading used car retailer, today announced its unaudited financial results for the fourth quarter and fiscal year ended March 31, 2024. Gross margin was 5.9% for the fiscal year ended March 31, 2024 , compared with 1.2% in the prior fiscal year. Loss from operations was RMB312.5 million ( US$43.3 million ) for the fiscal year ended March 31, 2024 , compared with RMB356.9 million in the prior fiscal year. Other revenue was RMB34.4 million (US$4.7 million) for the fiscal year ended March 31, 2024, compared with RMB38.9 million in the prior fiscal year. Gross margin was 5.9% for the fiscal year ended March 31, 2024, compared with 1.2% in the prior fiscal year.
Source:Manila Times
July 31, 2024 15:10 UTC
New Oriental Announces Results for the Fourth Fiscal Quarter and the Fiscal Year Ended May 31, 2024
BEIJING, July 31, 2024 /PRNewswire/ -- New Oriental Education & Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU/ 9901.SEHK), a provider of private educational services in China, today announced its unaudited financial results for the fourth fiscal quarter and fiscal year ended May 31, 2024. Financial Highlights for the Fourth Fiscal Quarter Ended May 31, 2024Total net revenues increased by 32.1% year over year to US$1,136.7 million for the fourth fiscal quarter of 2024.for the fourth fiscal quarter of 2024. Operating income decreased by 78.1% year over year to US$10.5 million for the fourth fiscal quarter of 2024.for the fourth fiscal quarter of 2024. Net income attributable to New Oriental decreased by 6.9% year over year to US$27.0 million for the fourth fiscal quarter of 2024. Financial Results for the Fourth Fiscal Quarter Ended May 31, 2024Net RevenuesFor the fourth fiscal quarter of 2024, New Oriental reported net revenues of US$1,136.7 million, representing a 32.1% increase year over year.
Source:Manila Times
July 31, 2024 09:55 UTC
Huntkey MVPLAND's Iconic 2D Character, Wei Lan, Makes Her Stunning Real-World Debut
As the 2D image spokesperson of MVPLAND, Wei Lan will represent Huntkey to participate in various activities, conveying the brand value and cultural concept to the users. MVPLAND will continue to support e-sports, and the launch of the MVPLAND 2D image is the proof. The overwhelming popularity at the Huntkey BW scene confirms the attention and affection of 2D enthusiasts and e-sports players towards Wei Lan. In the future, Huntkey will continue to work with Wei Lan, MVPLAND's 2D image spokesperson, to bring more e-sports equipment to numerous e-sports enthusiasts. Website: http://www.huntkey.comFacebook: https://www.facebook.com/HuntkeyGlobalAdvertisementInstagram: https://www.instagram.com/huntkey_globalLinkedIn: https://www.linkedin.com/company/huntkeyMedia Contact: Ms.Lava Huang, E-mail: [email protected]Business Contact: Ms.Ferris Liao, E-mail: [email protected]Advertisement
Source:Manila Times
July 31, 2024 08:43 UTC
Nurture sales professionals for the 5G era Unleash potential and open up career opportunities
She serves customers coffee and chats with them to understand their habits, before recommending products and service packages that would best meet the individual customer needs. With 14 years of sales experience, Miu Lam knows attentive listening to customer needs is essential. Travis Cheng is currently working at 3Shop, having joined the telecoms industry as he wanted a more challenging career. “During the sales process, we must listen attentively to customer needs, introduce products and services suitable to their needs, and build customers’ confidence in our brands, products and services,” Viki added. HTHK will continue to pursue a customer-centric strategy, attentively listen to customer needs, and provide professional service, thereby allowing customers to enjoy a unique service experience in the 5G era.
Source:The Standard
July 31, 2024 03:55 UTC
US support for Philippines steadfast regardless of election outcome — officials
US support for Philippines steadfast regardless of election outcome — officialsUS Secretary of State Antony Blinken and US Secretary of Defense Lloyd Austin poses for photos with Department of Foreign Affairs Secretary Enrique Manalo and Department of National Defense Secretary Gilberto Teodoro, Jr. in Camp Aguinaldo, where the officials held a 2+2 ministerial dialogue, July 30, 2024. What's also a regular feature is a long standing alliance between our countries," Blinken added. Austin said that support for the Philippines in the US is bipartisan, transcending party lines. "And any time you see that level of bipartisan support, you can bet that support will continue." In April, Marcos met with leaders of Japan and the United States for a historic trilateral summit aimed at boosting economic and security ties.
Source:Philippine Star
July 31, 2024 03:13 UTC
Markets mixed in cautious trade ahead of central bank decisions
Markets mixed in cautious trade ahead of central bank decisionsPeople walk in front of an electronic board showing a share price of the Nikkei index of the Tokyo Stock Exchange in Tokyo on April 5, 2024. HONG KONG, China — Equity markets were mixed Tuesday as investors jockey ahead of a slew of central bank decisions, key economic data and earnings from tech titans this week. The US central bank is expected to stay put on monetary policy Wednesday, but its post-meeting statement will be pored over in hopes of confirmation it will lower borrowing costs in September. "The reduction (in JGB purchases) is expected to occur in stages, considering the economic impact as well as the market's reaction." London dipped as traders gear up for the Bank of England's policy announcement Thursday, with analysts split on whether it will cut rates or not.
Source:Philippine Star
July 30, 2024 21:01 UTC
PNP denies ‘casing’ VP Duterte’s residence: ‘No truth to this’
MANILA, Philippines — The Philippine National Police (PNP) has denied allegations that its personnel attempted to “case” the residence of Vice President Sara Duterte, spokesperson Col. Jean Fajardo disclosed on Tuesday. In a social media post, Duterte claimed that PNP operatives attempted to “case” or loiter with no apparent lawful purpose around her residence and also tried to find the place she was renting. ADVERTISEMENT“According to PNP leadership, there’s no truth to this,” Fajardo said in a press conference when asked about the reaction of the national police chief, Gen. Rommel Marbil, to Duterte’s four-page open letter posted on her social media account. READ: VP cries harassment, blasts PNP chief’s ‘lies’ over guards’ recallShe likewise called the removal of her 75 police security as a “clear case of political harassment.”ADVERTISEMENTEarlier Tuesday, Duterte pleaded for protection for her family on Facebook, as she thanked Senators Ronald dela Rosa, Robin Padilla, and Bong Go for backing her after the PNP removed its men from her security group. For his part, Dela Rosa called on former police and army personnel to volunteer as security for Duterte.
Source:Philippine Daily Inquirer
July 30, 2024 20:56 UTC
19 economic zones proposed in Senate
19 economic zones proposed in SenateThe First Philippine Industrial Park in Batangas is one of the largest and fastest-growing ecozones in the country. MANILA, Philippines — There are a total of 19 proposed economic zones in the Senate, according to Sen. Juan Miguel ZubiriAs the new chairperson for the committee on economic affairs, Zubiri sought the advice of economic experts present at the briefing. The lawmaker said that there are 19 proposed economic zones, some of which are located in Mindoro, Marinduque, Eastern Visayas, Antique and Cebu. “The creation of 19 economic zones will seriously deteriorate your fiscal space,” Zubiri told the Department of Finance (DOF) Assistant Secretary Neil Cabiles, who represented the agency at the briefing. Zubiri said that these economic zones are individual charters so it will be hard to monitor.
Source:Philippine Star
July 30, 2024 20:38 UTC
WATCH: Foxies take down Highrisers in 5 sets for first win
The Farm Fresh Foxies took their first-ever win in the PVL 2024 Reinforced Conference after a tough five-set match over the Galeries Tower Highrisers, 25-22, 35-37, 23-25, 25-20, 15-10, at the PhilSports Arena in Pasig City on Tuesday, July 30, 2024. Colombian hitter Yeny Murillo fired 29 points on 26 attacks, two blocks, and an ace to lead the Foxies. Farm Fresh logged a 1-2 win-loss card, while the Galeries remained winless at 0-3. VIDEO BY NICOLE ANNE D.G. BUGAUISANGet the latest newsdelivered to your inbox Sign up for The Manila Times newsletters By signing up with an email address, I acknowledge that I have read and agree to the Terms of Service and Privacy Policy
Source:Manila Times
July 30, 2024 17:36 UTC
Coway Receives UL Witness Testing Data Program Laboratory Recognition
SEOUL, South KoreaJuly 30, 2024/PRNewswire/ -- Coway Co., Ltd., the "Best Life Solution Company," announced today that their Environmental Safety Certification Center received the UL Witness Test Data Program (WTDP) recognition from UL Solutions, a global leader in applied safety science. Coway Receives UL Witness Testing Data Program Laboratory RecognitionThe UL Witness Test Data Program (WTDP) recognizes selected laboratories to conduct tests under the supervision of UL Solutions. Following qualification, the lab becomes a UL WTDP-recognized laboratory which can perform tests on products for North American export in two key areas - UL Safety Testing and ENERGY STAR® Testing. "We'll continue enhancing our reputation as a one-stop safety certification testing lab, improving our global competitiveness through systematic product verification." AdvertisementIn addition to being designated as a UL Witness Testing Data Program Laboratory by UL Solutions, Coway's Quality Management Division is also recognized as a designated testing laboratory by other prestigious certification bodies, including U.S. CEC (California Energy Commission) ENERGY testing, KOLAS (Korea Laboratory Accreditation Scheme), NEMKO (Europe), and KTL (Korea Testing Laboratory) KC manufacturer testing.
Source:Manila Times
July 30, 2024 14:06 UTC
Dataloy launches pioneering voyage management enhancements to elevate chartering efficiency across key sectors
These enhancements are designed to increase logistical flexibility, reduce costs, and significantly improve operational efficiency. Transforming Maritime Logistics with Enhanced VMS FunctionalitiesDataloy is setting new standards in maritime logistics by enhancing transparency and collaboration through its upgraded VMS. These features are poised to increase logistical flexibility, cutcosts, and boost overall operational efficiency." AdvertisementEarly adopters of the enhanced VMS have reported positive initial experiences, particularly in operational efficiency and cost management. AdvertisementMedia Contact:Anumita Bhargava+47 9886 7908[email protected]AdvertisementThis information was brought to you by Cision http://news.cision.comhttps://news.cision.com/dataloy-systems/r/dataloy-launches-pioneering-voyage-management-enhancements-to-elevate-chartering-efficiency-across-k,c4004682The following files are available for download:https://mb.cision.com/Main/23184/4004682/2929284.pdf Advertisement Dataloy VMS enhancements for Industry Charterers
Source:Manila Times
July 30, 2024 12:01 UTC