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INQUIRER.net FILE PHOTO TAGUM CITY — A former top executive of the National Electrification Administration (NEA) has urged member-consumers of the Northern Davao Electric Cooperative (Nordeco) to continue raising their voice against the planned entry of the Aboitiz-owned Davao Light and Power Company (DLPC) into its franchise area or else they would fall into the supposed ‘profit motive’ of the firm. Edgrado Masongsong, secretary general of the National Center of Electric Consumers Cooperative (NCECCO), warned Nordeco member consumers that if they allow DLPC to take over several areas of its franchise, the members would turn into “mere rental payers” of the power distribution company. Unlike private power companies, which are allowed to raise power rates in the era of deregulation, power coops still continue to consult with their members and even report to them the cooperative’s financial status every end of the year. Masongsong, a former NEA administrator, cited their … [Read more...] about Ex-NEA exec warns vs ‘profit motive’ of Aboitiz firm in taking over Davao electric coop franchise

Ridesharing giants Uber and Lyft scored a critical legal victory on Monday after a California court ruled that gig companies can continue operating under an independent contractor model. The ruling from the California appeals court overturned a lower-court ruling that said the ballot measure, known as Proposition 22, was illegal. Voters had passed the law in November 2020, though it was later challenged by some gig workers and labor unions. A judge ruled it unconstitutional in August 2021, saying it limited the state’s legislative power. The move means that Uber and Lyft, as well as other companies with gig-centric business models, such as DoorDash and Instacart, can keep signing up drivers as independent contractors rather than employees. It allows the companies, which have begun focusing on reaching profitability, to avoid paying costs associated with employees, such as paid time off and health benefits. The companies backing the bill had poured more than $205 million into … [Read more...] about Uber, Lyft win big as California court affirms Prop. 22

PS-DBM logo MANILA, Philippines — Despite the cloud of controversy surrounding the government’s pandemic supply purchases and the suspension of several officials, the Procurement Service of the Department of Budget and Management (PS-DBM) remains committed to its procurement and administrative reforms. In a Thursday statement, the PS-DBM accepts the verdict of the Ombudsman, mandating a preventive suspension for incumbent and former officials involved in the controversial multibillion-peso deals awarded by the Duterte administration to Pharmally Pharmaceutical Corp at the peak of the COVID-19 crisis. READ: Ombudsman suspends 33 execs in Pharmally mess The agency assured the public that it would implement the order from the Ombudsman within the given time frame. “Under the current leadership, the PS-DBM shall continue to implement and institute crucial procurement and administrative reforms while implementing zero tolerance on irregularities and any form of corruption,” it … [Read more...] about After suspension of execs, PS-DBM vows to press on with procurement, admin reforms

Warren Rex Liong —Photo from Philippine Reclamation Authority website MANILA, Philippines — A former official of the Procurement Service of the Department of Budget Management (PS-DBM) is seeking to clear his name after he was placed under preventive suspension for his involvement in the graft-tainted government purchases of healthcare supplies at the height of the COVID-19 pandemic. Through his legal counsel Rafael Calinisan, Warren Rex Liong – then the PS-DBM’s procurement group director and now the Overall Deputy Ombudsman – along with 32 other former and current officials of the Department of Health and the PS-DBM, were meted out a six-month suspension by the Office of the Ombudsman pending investigation. READ: Ombudsman suspends 33 execs in Pharmally mess They are currently in hot water for their alleged hand in the graft-tainted, multi-billion deals awarded by the Duterte administration to Pharmally Pharmaceutical Corp. for the supply of government pandemic supplies. … [Read more...] about Liong seeks to clear name: I didn’t earn a single peso from Pharmally deals

Share to Twitter Share to Linkedin Professional gamblers wager millions on the NCAA Tournament using an auction-style format that brings out casual hoop dreamers and sophisticated quants. With brackets busted, it still pays to play the game within the game. N eal, a 36-year-old insurance broker who lives in Ohio with his wife and two children, is the proud owner of the University of Texas, University of Connecticut, Tennessee, Creighton and Florida Atlantic men’s basketball teams. His wife doesn’t know about his ownership stakes, but hopefully by the end of the NCAA Men’s Basketball tournament his $19,000 investment will turn into $50,000. And then, he’ll let her know. “Right now, we’re on a heater,” he says of the March Madness run his teams are on. “We’re still in the red on paper, but I hope that will change quickly with a few wins.” Neal doesn’t technically own any team, of course, but the amateur sports gambler “bought” these college … [Read more...] about Inside A High-Stakes March Madness Calcutta

Share to Twitter Share to Linkedin British chip designer Arm is planning to raise the price of its chip designs, potentially leading to a hike in the price of Android phones and other devices. According to a report in the Financial Times , Arm is attempting to implement a new pricing model for its chip designs, ahead of an initial public offering. Under the current model, chipmakers such as Qualcomm and Mediatek pay Arm a license fee and a small royalty based on the selling price of each chip those companies distribute to phone manufacturers. The new model will see device manufacturers pay Arm a royalty based on the average selling price of the device. The chip manufacturers will only be licensed to sell chips to device manufacturers who agree to the new model. Pushing up phone prices The new model is likely to substantially increase the amount of revenue that Arm earns from each chip. Figures published in the Financial Times suggest that the … [Read more...] about New Arm Deal Could Push Up Price Of Android Phones

Share to Twitter Share to Linkedin One of the leading healthcare institutions in Latin America, Albert Einstein Hospital is moving toward the next stage in its multimillion-dollar technology and innovation development strategy. The aim is to broaden access to advanced medicine in Brazil through initiatives with actors such as startups as well as tech and healthcare organizations worldwide. Founded in São Paulo by the city's Jewish community following World War II, The Albert Einstein Israelite Hospital started its activities in 1955. Considered Latin America's most modern private hospital, it also has a social assistance program encompassing care in low-income communities and public-private partnerships for public hospitals. With nearly 25,000 staff including over 10,000 registered doctors, the hospital specializes in high-complexity medicine, focusing on cardiology, oncology, orthopedics, neurology, and surgery, and frequently ranks among the best medical … [Read more...] about Brazil’s Albert Einstein Hospital Evolves Tech Strategy To Deliver Low-Cost Healthcare At Scale

Share to Twitter Share to Linkedin Money is the lifeblood of any business, providing the resources needed to invest in technology, marketing, and other operations. But it's not just about having money; it's also about having a positive money mindset. As a business owner, you need an attitude to help you create wealth and success for yourself and your business. It can be incredibly frustrating when you feel like your mind is holding you back from achieving business success. Unfortunately, a negative money mindset is real, and it can stand in the way of you building the thriving business of your dreams. Experiencing this kind of internal roadblock often manifests as low confidence and insecurity, making it difficult to move forward into the more lucrative aspects of running your own company. By addressing underlying beliefs and attitudes that no longer serve you, you can finally break through these mental barriers and enjoy the freedom and growth of being a … [Read more...] about The Power Of A Positive Money Mindset In Business Ownership

Share to Twitter Share to Linkedin Back in September, President Biden inked a new executive order setting the government on a bold new course for creating a national biostrategy . One of the first tasks assigned to each of the government agencies was to develop goals that outline how they plan to realize the vision of a bio-based economy. Yesterday the White House issued a report highlighting just that. Spearheaded by Georgia Lagoudas, Senior Advisor for Biotechnology and Bioeconomy at the White House Office of Science & Technology Policy who is responsible for implementing the Executive Order , the document contains a number of specific strategies developed by agencies like the USDA, NIH, NSF, DOE, and DOD for introducing climate change solutions, food and agriculture innovation, supply chain resilience, human health, as well as cross-cutting advances that can have an impact across all those sectors. Representatives from those agencies spoke at the … [Read more...] about U.S. Government Sets Bold Goals For The U.S. Bioeconomy – Including A Target For 30% Of Bio-Based Chemicals

A rare peek inside their agricultural empire shows how Stewart and Lynda Resnick are going all-in on the innovative citrus fruit. By Chloe Sorvino , Forbes Staff On a sunny 58-degree day in Delano, California, Zak Laffite walks through groves of trees where he grows a special kind of lemon, and then stops to explain how harvest works. “What we want is the tree to justify how much fruit comes off,” Laffite says. “We don’t want it all to come off at the same time. We basically say, just give me a little bit.”Laffite picks off a lemon. He quickly takes a knife from his pocket and slices open the fruit to reveal the inside: no seeds, with a thin white rim around the edge and a light yellow rind . “We’ll come in here and if the fruit’s this size, it’s ready to come off. If it’s colored up, we’ll get it as well,” Laffite says. That first pick will leave two-thirds of the lemons still on the trees. More lemons are picked off in a couple weeks. Then there’s a third round. … [Read more...] about Seedless Lemons Are The Next Big Bet From The Billionaires Behind Halos, Pom Wonderful And Fiji Water