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Feed aggregator | Preserved Thoughts

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Regulator curbs bank lending to real estate sector

Breaking News - Fri, 07/25/2014 - 10:39
MANILA, Philippines--Lending for the construction of new buildings and homes would slow down following the recent imposition of capitalization limits to curb excessive risk taking in the real estate sector.   Deputy Governor Nestor A. Espenilla Jr. said that the regulator's new real estate stress test (REST) limits that took effect earlier this week would prevent a "bubble" from forming in the property industry, which could have far-reaching effects on the rest of the economy.   "REST limits are a signal to the industry to pay close attention to their real estate exposures because of the potential risks," he said this week.   Under the new regulations...

Keep on reading: Regulator curbs bank lending to real estate sector
Categories: Philippine News

TGI Friday’s wins Ayala Mall’s Grand Store of the Year award

Breaking News - Fri, 07/25/2014 - 10:37
MANILA, Philippines--Two decades since it swept the local food scene off its feet with the phenomenal opening of the most popular American casual dining restaurant in the country, TGI Friday's has proven that it remains the best place for great food and fun times following a Grand Store of the Year award given out by Ayala Malls.   The yearly award is presented by Ayala Malls to its merchant partners who consistently stand out and have achieved overall excellence in store operations and marketing partnerships.   The Grand Store of the Year award conferred to TGI Friday's was the highest among all merchant awards in all Ayala Malls.   The recognition makes...

Keep on reading: TGI Friday’s wins Ayala Mall’s Grand Store of the Year award
Categories: Philippine News

Very bad week: Airline disasters come in a cluster

Breaking News - Fri, 07/25/2014 - 10:35
WASHINGTON--- Nearly 300 passengers were killed when their plane was shot out of the sky over eastern Ukraine. Airlines suspended flights to Israel's largest airport after rocket attacks. Two airliners crashed during storms, and yet another disappeared in West Africa. Aviation has suffered one of its worst weeks in memory.   Industry analysts and safety experts say they can find no common themes. Nor do they think the events indicate that flying is suddenly becoming less safe.   Less than one in 2 million flights last year ended in an accident in which the plane was damaged beyond repair, according to the International Air Transport Association. That includes ac...

Keep on reading: Very bad week: Airline disasters come in a cluster
Categories: Philippine News

DAP good for education, says CHEd chair

Breaking News - Fri, 07/25/2014 - 10:13
MANILA, Philippines--Commission on Higher Education (CHEd) Chair Patricia Licuanan is the latest government functionary to bear out the supposed goodness of Malacaang's unconstitutional Disbursement Acceleration Program (DAP).   According to Licuanan, P4.28 billion from the DAP boosted the capacity of state universities and colleges to give quality higher education.   Licuanan said that the "investments" from the DAP three years ago were used to enhance and modernize state colleges and universities (SUCs) which did not have enough in their 2011 and 2012 budgets to fund upgrading projects.   She said that in 2011, DAP improved "the capacity of SUCs to ...

Keep on reading: DAP good for education, says CHEd chair
Categories: Philippine News

Lethal injections face scrutiny after two-hour US execution

Breaking News - Fri, 07/25/2014 - 09:48
WASHINGTON -- The US Supreme Court is under increasing pressure to consider halting death sentences by lethal injection after a convicted Arizona killer took two hours to die.   Opponents and supporters of capital punishment alike say they believe the highest US court will agree to consider the issue.   Double murderer Joseph Wood gasped and snorted as he lay on a gurney for 117 minutes after officials from the US state of Arizona injected him with a relatively untested lethal drug cocktail.   This was the third execution this year to have been drawn out far beyond the usual 10 minutes, as states face a shortage of tried and tested drugs after European ma...

Keep on reading: Lethal injections face scrutiny after two-hour US execution
Categories: Philippine News

UN school in Gaza caught in cross-fire; 15 killed

Breaking News - Fri, 07/25/2014 - 09:25
GAZA CITY, Gaza Strip -- A U.N. school in Gaza crowded with hundreds of Palestinians seeking refuge from fierce fighting came under fire Thursday, killing at least 15 civilians and leaving a sad tableau of blood-spattered pillows, blankets and children's clothing scattered in the courtyard.   Palestinian officials blamed Israel for the shelling, which wounded dozens and came on the deadliest day so far of the current round of fighting. However, the Israeli military said the school "was not a target in any way" and raised the possibility the compound was hit by Hamas rockets.   Ominously, meanwhile, violence spread to the West Bank, where thousands of Palestinian...

Keep on reading: UN school in Gaza caught in cross-fire; 15 killed
Categories: Philippine News

Lin excited to join Lakers

Breaking News - Fri, 07/25/2014 - 09:20
LOS ANGELES -- Jeremy Lin said Thursday he's looking to establish himself with the Los Angeles Lakers, but he won't be trying to recreate "Linsanity" on the West Coast.   The point guard whose unexpected 2012 heroics for the New York Knicks made him a global phenomenon, was traded to Los Angeles by the Houston Rockets earlier this month and was introduced by his new team on Thursday.   "I'm not trying to relive that banner season," Lin said of his breakout campaign with the Knicks, when he became the first player in NBA history to score at least 20 points and contribute seven assists in his first five starts, twice making the cover of Sports Illustrated magazine...

Keep on reading: Lin excited to join Lakers
Categories: Philippine News

Tornado kills two Fil-Am campers in Virginia

Breaking News - Fri, 07/25/2014 - 09:15
CAPE CHARLES, Va.--- An F1 tornado toppled trees and flipped campers at a Virginia campgroundThursday, killing two Filipino American campers and sending at least 33 more to area hospitals, officials said.   The storm slammed into the Cherrystone Family Camping & RV Resort, which sits on 300 acres on the Chesapeake Bay in rural Northampton County.   Virginia State Police Spokeswoman Corinne said in a press conference July 24,Thursdayafternoon that a husband and wife, identified as Lord Balatbat and Lolabeth Ortega of Jersey City, New Jersey, were killed when a tree crushed their tent. Their son, who was in another nearby tent, was injured. The boy was taken t...

Keep on reading: Tornado kills two Fil-Am campers in Virginia
Categories: Philippine News

Aquino allies told: Stop ‘blindly’ defending him

Breaking News - Fri, 07/25/2014 - 09:01
MANILA, Philippines--A party-list lawmaker who endorsed one of several impeachment complaints against President Aquino appealed to the members of the House of Representatives to stop "blindly defending the President" and to read the charges first before shooting them down.   Kabataan Rep. Terry Ridon, a member of the Makabayan bloc in the House minority, said the ruling coalition should consider the merits before issuing any negative statements about the chances of the complaints prospering.   "There are reports of administration congressmen who want to shoot down the impeachment complaints even if they haven't read the cases," he said.   "This is a m...

Keep on reading: Aquino allies told: Stop ‘blindly’ defending him
Categories: Philippine News

PH, Hollywood, Japanese film project launched

Breaking News - Fri, 07/25/2014 - 08:32
MANILA, Philippines--A landmark film coproduction agreement was recently signed by the Film Development Council of the Philippines (FDCP) and international producers Global Motion Pictures Ltd. and Cinema Veritas. The coproduction first saw promise when Briccio G. Santos, chair of the FDCP, discussed the idea at a meeting with Scott Rosenfelt, chief executive officer of US-based Cinema Veritas, at a recent conference in Hong Kong. The arrangement is the result of almost two and a half years of planning and consultation with the international film community and will result in the production of a historical film in which the Philippines plays a central role.   Acclaimed w...

Keep on reading: PH, Hollywood, Japanese film project launched
Categories: Philippine News

Mayweather granted promoter’s license in Nevada

Breaking News - Fri, 07/25/2014 - 07:57
LAS VEGAS -- Floyd Mayweather Jr. can now organize and market fights in Nevada all on his own.   The Nevada Athletic Commission voted on Wednesday to grant the undefeated welterweight champion a promoter's license. The 37-year-old Mayweather has previously worked with fight promoters Top Rank and Golden Boy Promotions in his televised matchups in Las Vegas.   Boxing promoters are responsible for everything from insuring fighters against injury to paying for drug tests and hiring a ring announcer.   Mayweather Promotions CEO Leonard Ellerbe said the company knows what it takes to be successful and will continue to grow the sport of boxing, according to...

Keep on reading: Mayweather granted promoter’s license in Nevada
Categories: Philippine News

Cavs ink top draft pick Wiggins

Breaking News - Fri, 07/25/2014 - 07:38
CLEVELAND -- The Cleveland Cavaliers signed top NBA draft pick Andrew Wiggins to a contract on Thursday, a move that means they won't be able to trade the talented teen for at least 30 days.   Wiggins, 19, was taken first overall by the Cavaliers in last month's draft, which was widely considered one of the most talent-laden ever.   But he has been linked to rumors that he could be part of a trade deal to acquire All-Star big man Kevin Love from the Minnesota Timberwolves.   The Cavaliers gained some room under the salary cap for a possible deal for Love on Tuesday, when they obtained guard John Lucas III and forwards Malcolm Thomas and Erik Murphy fr...

Keep on reading: Cavs ink top draft pick Wiggins
Categories: Philippine News

‘Juan Direction’ star Daniel Marsh accused of mauling cabbie

Breaking News - Fri, 07/25/2014 - 02:53
MANILA, Philippines---A taxi driver has accused a member of "Juan Direction," a group of foreigners with Filipino blood who appear on a documentary-style reality show on TV5, of mauling him and damaging his cab on July 23.   Edward Villanueva, 49, a resident of Sta. Cruz, Manila, and driver of a World Taxi cab, told the Inquirer in a phone interview that around 5 a.m., a foreigner later identified as Daniel Marsh flagged him down in front of the Prive Luxury Club at Bonifacio Global City, Taguig City, and asked to be taken to Tivoli Garden Residences in Mandaluyong City.   Along the way, the Fil-Irish TV personality complained that he had lost his wallet at the ...

Keep on reading: ‘Juan Direction’ star Daniel Marsh accused of mauling cabbie
Categories: Philippine News

PH in Afta: Moving forward in 2015

Breaking News - Fri, 07/25/2014 - 01:41
  MANILA, Philippines--If integration of members of the Association of Southeast Asian Nations (Asean) is not in President Aquino's State of the Nation Address on Monday, it should be.   In 2015, Asean Free Trade Agreement (Afta) will come into full effect. Signed among Asean members in 1992, the agreement anticipated a fixed period of downward preferential tariff adjustments among the members until those tariffs came down to zero.   What is Afta? What benefits shall we derive from it? How can we maximize the benefits for the nation? These are weighty questions.   The Asean was founded in 1967 by Indonesia, Malaysia, Philippines, Singapore and T...

Keep on reading: PH in Afta: Moving forward in 2015
Categories: Philippine News

Patient kills doc in clinic

Cebu Headlines - Fri, 07/25/2014 - 00:25
Categories: Philippine News

Health, agriculture key to Africa’s development—Bill Gates

Breaking News - Fri, 07/25/2014 - 00:17
ADDIS ABABA---Health and agriculture development are key if African countries are to overcome poverty and grow, US software billionaire Bill Gates said Thursday, as he received an honorary degree in Ethiopia.   "By getting things right in these two areas, the gains can be exceptional," Gates said, calling health and agriculture "enabling factors for all the other things that need to be done."   But Gates warned that progress could be undone by instability, pointing to northern Nigeria, where attacks by Boko Haram extremists have derailed efforts to eradicate polio.   "This Boko Haram disruption is the one real cloud on the horizon, where it means ther...

Keep on reading: Health, agriculture key to Africa’s development—Bill Gates
Categories: Philippine News

The continued blossoming of ‘Maximo’

Breaking News - Fri, 07/25/2014 - 00:15
How fast time flies! Nathan Lopez, breakout star of the 2005 indie hit "Ang Pagdadalaga ni Maximo Oliveros," marks his 23rd birth anniversary on Aug. 19.   Lopez was barely 13 when he played teen gay Maximo in the Cinemalaya film that proceeded to win awards and audiences' hearts worldwide. (Cinemalaya jurors gave Lopez a special citation for "Maximo" and he won Best Actor at the Las Palmas fest in Spain.)   He returns to Cinemalaya in its 10th anniversary, as a cast member of New Breed director Derick Cabrido's "Children's Show." "It's a privilege and an honor to be back in Cinemalaya, especially in a role that I consider a dream come true," Lopez told the Inqu...

Keep on reading: The continued blossoming of ‘Maximo’
Categories: Philippine News

PH films in Spanish fest

Breaking News - Fri, 07/25/2014 - 00:14
The Philippines was the "main highlight" of the Asian Summer Film Festival in Vic, Spain, held July 15 to 20.   Among the Filipino films in the lineup were Cinema One products: Siege Ledesma's "Shift," Borgy Torre's "Kabisera" and Miko Livelo's "Blue Bustamante."   Also shown were Ron Morales' drama "Graceland" and Andrew Leavold's docu "The Search for Weng-Weng." Bayani San Diego Jr....

Keep on reading: PH films in Spanish fest
Categories: Philippine News

Patient kills Cebu doctor in clinic

Cebu Headlines - Fri, 07/25/2014 - 00:14

CEBU CITY (Updated) - A 71-year-old wheelchair-bound patient shot dead his doctor inside a clinic in a private hospital in Cebu City before shooting himself in the head yesterday morning, July 24.

Dr. Cris Cecil Chan Abbu, 56, an orthopedic surgeon, was shot in the chest and arm by Wilfred Sabonsolin, a former seaman he had been treating for spinal problems.

Categories: Philippine News
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