NEW YORK, NY, Feb 2, 2023 – (ACN Newswire via SEAPRWire.com) – Zuber Lawler is representing entities who received investments from Alameda Research and FTX Ventures. Alameda Research and several other FTX-related entities have filed bankruptcy proceedings in Delaware. These multiple filings are all being administered under one matter, In re FTX Trading, USBC Case […]
Lisbon, Portugal, February 02, 2023 – (SEAPRWire) – Smplr, a full-cycle cryptocurrency platform for companies that want to use or already using digital financial assets in operations, has granted access to all early users and will launch an open beta version in the near future. Smplr’s solutions will allow businesses to effectively track fiat and cryptocurrency payments and […]
THE MAIN INDEX closed below the 7,000 level on Thursday on profit taking after surging the day prior and as the US Federal Reserve raised rates by 25 basis points (bps) at its policy meeting this week. The bellwether Philippine Stock Exchange index (PSEi) went down by 49.57 points or 0.7% to close at 6,986.19 […]
THE PESO surged to a seven-month high against the dollar on Thursday, returning to the P53 level, as a smaller rate hike and dovish statements from the US Federal Reserve caused the greenback to tumble. The local currency closed at P53.845 versus the greenback on Thursday, appreciating by 63 centavos from Wednesday’s P54.475 finish, data […]
By Kyle Aristophere T. Atienza, Reporter THE PHILIPPINES has given the United States greater access to its military bases, their defense chiefs said on Thursday, amid mounting concern over China’s increasing assertiveness in the disputed South China Sea and tension over self-ruled Taiwan. The US would be given access to four more locations under the […]
THE BUREAU of Internal Revenue (BIR) on Thursday filed 74 tax evasion complaints totaling P3.5 billion against several companies before the Department of Justice (DoJ). “We want to remind the public to make sure that we pay our income tax returns correctly, especially since it is almost tax filing season,” BIR Commissioner Romeo D. Lumagui, […]
THE PHILIPPINES could generate about 500,000 jobs after getting an investment commitment from Grab Holdings, Inc., according to the presidential palace. President Ferdinand R. Marcos, Jr. met with Grab officials on Thursday to discuss the company’s recommendations on how to modernize Philippine transportation, the Presidential Communications Office (PCO) said in a statement. During the meeting, […]
The National Economic and Development Authority (NEDA) board has approved a plan to build a P6-billion Cancer Center in the Philippine capital — the first public-private partnership (PPP) under the Marcos government, according to the presidential palace. “It will be solicited from the public through the submission of a bid and will be structured as […]
Newly appointed Social Welfare Secretary Rexlon T. Gatchalian on Thursday vowed to fix logistical issues affecting the government’s aid distribution, which he said should be further decentralized. The Department of Social Welfare and Development (DSWD) would craft a detailed “distribution network” for the delivery of aid to communities, he told One News Channel. “We will […]
A bill that seeks to set up a nutrition program for the elderly has been filed at the Senate. Senate Bill 1799 or the Comprehensive Senior Citizen Welfare Act, which was filed by Senator Francis N. Tolentino on Jan. 30, will make integrated health services available to the elderly, he said in a statement on […]
A BILL that seeks to waive fees for civil service and professional licensure examinations for poor Filipinos has been filed at the Senate. Senate Bill 1323 or the Free Professional Examinations Act aims to help poor Filipinos find jobs and improve employment in the country, according to a copy of the measure. “It saddens me […]
Congressmen who filed separate bills seeking to prevent teenage pregnancy on Thursday pushed access of teenagers at least 16 years old to contraceptives without parental consent. “If we treat them as beings who can decide [for themselves], then they can better take care of their reproductive health,” Party-list Rep. Raoul Danniel A. Manuel told a […]
THE DAVAO de Oro provincial government suspended classes at all levels and work at nonessential local offices on Thursday to give way to building inspections after a magnitude 6 earthquake shook the province on Wednesday night. Other national agencies in the province could heed the suspension to ensure the safety of their workers, Governor Dorothy […]
PHILIPPINE startup Packworks on Thursday said beer sales in Cebu City rose five-fold amid a liquor ban during the Sinulog Festival. In a statement, the firm said the increase was determined using data from its Sari IQ market intelligence platform. About two million people attended the festival. “The total gross merchandise value of beer products […]
THE DEPARTMENT of Environment and Natural Resources (DENR) Soccsksargen regional office has signed agreements with air and sea port authorities to beef up border checks against wildlife trafficking. The Mindanao State University (MSU), meanwhile, has launched its Center for Biodiversity Studies in General Santos City, which will do research on the region’s three protected areas. […]
By Revin Mikhael D. Ochave, Reporter THE head of the Department of Environment and Natural Resources (DENR) on Thursday said the agency lacks the budget and manpower needed to mitigate the impact of climate change and boost environmental protection efforts across the country. “Unfortunately, the way we are set up is that the fiscal space […]
A P29-billion budget is needed to deliver electricity in all households nationwide in the next five years, the National Electrification Administration (NEA) said on Thursday. NEA Administrator Antonio Mariano C. Almeda said in a media briefing that to date, 600,000 households in the main grid are still without power supply and another 23,000 households in […]
THE Asian Development Bank (ADB) and the National Government on Thursday awarded service-training grants to five networks of enterprises through the SkillsUpNet Philippines (SUNPh) program. A total of 66 enterprises and 600 workers in the Bicol and Davao regions and Cebu province will benefit from the SUNPh program, which aims to enhance skills and competitiveness, […]
MUFG Global Markets Research expects the peso to continue strengthening against the dollar throughout the year with import bills less likely to weigh it down and a reduction in commodity prices. “Our constructive view on the PHP against the USD is premised on the theme of normalization, after previous imbalances the previous year,” MUFG Global […]
THE Anti-Red Tape Authority (ARTA) will help streamline the processing of permits required to export and import processed food, addressing concerns raised by a public-private trade council. In a statement on Thursday, the ARTA said among the issues that will have to be resolved are overlapping mandates of different agencies. “The concerns and issues raised […]