Profit taking pushes PSEi out of 7,100 – The Manila Times
Local shares retreated again on Wednesday, slipping out of the 7,100 area on continued profit taking. “A reversal candlestick showed last Monday after the short-term uptrend, which was confirmed by yesterday’s (Tuesday’s) decline, made investors booked more gains today,” Alviar explained. Despite this, Alviar said investors still forward to the economy’s recovery. AAA Equities Head of Research Christopher Mangun also attributed the decline to profit taking, saying the pullback was expected, as the PSEi gained more than 22 percent in the last three weeks. He added that large-cap property firms Ayala Land Inc. and SM Prime Holdings Inc.dragged local shares as they contracted by 3.21 percent and 3.12 percent, respectively.
Source:Manila Times
November 25, 2020 17:37 UTC
InLife increases capital requirement to P1.5B – The Manila Times
Insular Life (InLife) hiked its capital requirement to P1.5 billion ahead of the end-2022 deadline of the Insurance Commission (IC). The total amount is more than the P1.3 billion minimum available total members’ equity requirement of the IC by Dec. 31, 2022. Under the amended Insurance Code, existing insurance companies are required to have a minimum capital of P900 million this year. With this, he emphasized a recent move by regulators to allow insurance companies to sell their products online. The AUS has allowed InLife to quickly render underwriting decisions to life insurance applications in less than 30 minutes.
Source:Manila Times
November 25, 2020 17:15 UTC
Who are friends and who are enemies of the state? – The Manila Times
The battle lines have been drawn and the Kamatayan bloc can no longer claim to be a legal grouping. They operate both aboveground and underground, as revealed by hundreds of former rebels and former cadres of the CPP/NPA. Church workersSuch is the case of the poor nuns of the Rural Missionaries of the Philippines (RMP). Let’s start with Fr Luis Jalandoni, who was recruited in Spain in the 1960s through a radical Spanish priest classmate Fr. ThreatenedThe NPA goons threatened the Department of Education as they recruited Association of Concerned Teachers members from among innocent teachers.
Source:Manila Times
November 25, 2020 17:15 UTC
Max collaborates with BTS’ Suga – The Manila Times
He’s been labeled “Young Pop God” by GQ, named a “top popstar to watch” by Billboard and nominated for “Best New Pop Artist” at the 2019 iHeartRadio Music Awards. But right now, multiplatinum recording artist Max can add “collaborating with Suga” from top Korean boyband BTS to his list as the famous KPop band is featured on his latest single “Blueberry Eyes.”“Blueberry Eyes has been amazing. “I’m realizing that the songs that connect, from my music at least, just come from a place of love. He followed Lights Down Low with another hit single, “Love Me Less” ft. Quinn XCII, which is also included in Colour Vision. “I think I had a more complete vision with Colour Vision,” the artist revealed.
Source:Manila Times
November 25, 2020 17:15 UTC
‘Income inequality’ is a socioeconomic red herring – The Manila Times
There is an economic argument against trying to eliminate income inequality, but the philosophical argument against it is probably easier for most people to understand. The obvious solution to that is to provide the additional resources he or she needs, or put another way, eliminate the poverty. If one does not feel he or she is impoverished, then inequality becomes irrelevant. * * *That concludes the cranial exercise for today, because it’s Thanksgiving Day, which is ordinarily my favorite holiday of the year. Lincoln signed his holiday proclamation on October 3.
Source:Manila Times
November 25, 2020 17:13 UTC
Major protests set in Thailand – The Manila Times
BANGKOK: Tensions are rising around Thailand’s pro-democracy protests, with police shooting six people last week and using tear gas and water cannon on the streets of Bangkok. “Since the beginning of the movement, the government has played it by ear,” said Paul Chambers of Naresuan University. Unlike previous Thai protest movements, the majority of the demonstrators are young middle-class city dwellers. King Maha Vajiralongkorn, not seen much in public before the protest movement, has launched a charm offensive, making numerous appearances, talking to supporters and declaring his “love” for all Thais. The present king has strengthened his powers by taking direct control of the royal fortune and army units.
Source:Manila Times
November 25, 2020 16:52 UTC
Heat-tolerant rice shows promise – The Manila Times
While commonly grown rice varieties in the Philippines have high yields, good grain quality, and resistance to pests and diseases, they lack high temperature tolerance. Heat tolerant rice is one of options rice breeders are developing to cope with global warming, Leocadio Sebastian, Department of Agriculture chief of staff, told The Manila Times in an interview. According to the DoST, high temperature can induce high spikelet sterility in rice plants at the flowering stage. “This the opportune time to develop prototypes of heat tolerant rice varieties because breeding usually take some time before we get a commercially viable variety (i.e. The early prototypes of heat tolerant rice are currently being evaluated, he noted.
Source:Manila Times
November 25, 2020 16:52 UTC
Covid hits 2,000 glove workers in Malaysia – The Manila Times
The cluster contributed to a record daily high of 2,188 cases nationwide, bringing Malaysia’s total cases to 58,847. The cluster in the Klang area is currently the most active in the country with 4,036 cases. Top Glove says it produces about 90 billion rubber gloves a year, about one quarter of the world’s supply, and exports to 195 countries. Top Glove reportedly has about 13,000 workers at its 28 factories in Klang. It employs a total of 21,000 workers in its 41 factories in Malaysia and six others in Thailand, Vietnam and China.
Source:Manila Times
November 25, 2020 16:52 UTC
YouTube bans Trump’s favorite channel – The Manila Times
NEW JERSEY: YouTube stopped One America News Network (OANN), one of United States President Donald Trump’s favored channels, from posting new videos for a week for falsely claiming the coronavirus has a cure, the social media network said Tuesday (Wednesday in Manila). The popular Google-owned site also temporarily stopped OANN from making money from content already online, spokesperson Ivy Choi said. “After careful review, we removed a video from OANN and issued a strike on the channel for violating our Covid-19 misinformation policy, which prohibits content claiming there’s a guaranteed cure,” Choi said in a statement.
Source:Manila Times
November 25, 2020 16:41 UTC
Senior high students score lowest in national assessment history – The Manila Times
According to a Department of Education (DepEd) briefing material posted online, the first two batches of senior high school students scored 36.71 and 36.45 mean percentage score (MPS) in the Basic Education Exit Assessment (BEEA), the assessment test for graduating senior high students. The 2018 and 2019 BEEA results are contained in power point presentation titled “Making the Pivot from Access to Quality” posted in the website of the Magna Anima Teachers College (https://magna-anima.com/advantages/research-and-development). These are the lowest ever scores in history of Grade 6 NAT while for Grade 10, the 2017 MPS was the lowest ever while the 2018 is the third lowest. The 2018 NAT results attached to DepEd-Cordillera Regional Memorandum No. 157-2019 in its website confirms the 2018 BEEA overall MPS of 36.71 and likewise the 2017 and 2018 overall scores for Grades 6 and 10.
Source:Manila Times
November 25, 2020 16:29 UTC
Kickboxers vie for honors in natl online forms meet – The Manila Times
The Samahang Kickboxing ng Pilipinas (SKP) will make history on Saturday, November 28, as it holds the very first, SKP Online National Musical Forms Championship 2020, where 42 entries compete for honors in four divisions. Kickboxing, a sport that employs both punches and kicks as well as elbow and knee strikes, traditionally do not have forms. The Online National Musical Forms Championship is an initiative of the SKP to keep the sport alive amid the Covid-19 pandemic. The musical [forms competition] is one of the categories promoted in kickboxing,” SKP Secretary General and lawyer Wharton Chan told The Manila Times on Wednesday. So, you’d really see that kickboxing is not just a contact sport, but you also have these physical forms,” he added.
Source:Manila Times
November 25, 2020 16:18 UTC
Wesley So advances to knockout round of Skilling Open – The Manila Times
GRANDMASTER Wesley So advances to the knockout round of the Skilling Open, a part of the multi-event Speed Chess Championship, with seven others, including World No.1 Magnus Carlsen of Norway and defending champion Hikaru Nakamura of the United States like him. So will meet Radjabov while the number one, Carlsen, will meet the number eight, Giri, and so on. So scored 8.5, the same score as Nepomniachtchi and Aronian and just half-point behind the leaders Carlsen and Nakamura. The remaining eight players will go through the match-up round of the six-day knockout. The former Philippine board one player is now playing for America after switching chess federation in 2014.
Source:Manila Times
November 25, 2020 16:18 UTC
Wolves finalize deal with Knicks for veteran forward Davis – The Manila Times
MINNEAPOLIS: The Minnesota Timberwolves acquired veteran forward Ed Davis from the New York Knicks for Jacob Evans III, Omari Spellman and a 2026 second-round draft pick in a trade finalized on Tuesday (Wednesday in Manila). The 31-year-old Davis has played in 668 regular-season games, with 96 starts, for six NBA teams. The 6-foot-9 Davis was drafted 13th overall in 2010 by the Toronto Raptors. He’ll help fill an opening at power forward created by the departure of James Johnson in the draft-night deal that brought point guard Ricky Rubio back to the Timberwolves. Evans and Spellman played sparingly for Minnesota last season after coming with headliner D’Angelo Russell from Golden State in the trade that sent Andrew Wiggins to the Warriors.
Source:Manila Times
November 25, 2020 16:18 UTC
Xi Jinping seeks non-confrontation in congratulatory message to Joe Biden
President Xi Jinping on Wednesday sent a message to Joe Biden to congratulate him on election as U.S. president., state media Xinhua reports. Promoting healthy and stable development of China-U.S. relations not only serves the fundamental interests of the people in both countries, but also meets the common expectation of the international community, Xi said. Xi said he hopes that the two sides will uphold the spirit of non-conflict, non-confrontation, mutual respect and win-win cooperation, focus on cooperation, manage differences, advance the healthy and stable development of China-U.S. ties, and join hands with other countries and the international community to promote the noble cause of world peace and development. On the same day, Chinese Vice President Wang Qishan sent a message to Kamala Harris to congratulate her on the election as U.S. vice president.
Source:The Standard
November 25, 2020 16:18 UTC
Will POC ever be united?
The challenge is for the voters to choose the men and women with the credibility to put the POC house in order once and for all. The POC Comelec dismissed the case for lack of merit. The same ticket filed a suit against PHISGOC for the delay in submitting a financial report on the recent SEA Games to the POC, attempting to discredit certain candidates. Reelectionist POC president Rep. Bambol Tolentino said in his long career as a public servant, he has never resorted to mud-slinging in any electoral campaign. “We can achieve greater heights united and only together will we succeed.” His ticket has formulated a first 100-day plan, six additional constitutional amendments, a set-up to align POC with PSC and a proposal for new membership classification criteria.
Source:Philippine Star
November 25, 2020 15:56 UTC