LOCAL STOCKS are expected to move sideways on Friday on tepid market activity as investors wait for the release of November US inflation data and the US Federal Reserve’s policy meeting next week, where they are expected to hike rates anew. The 30-member Philippine Stock Exchange index (PSEi) lost 149.22 points or 2.23% to close […]
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Maharlika still flawed after pensions ruled out as funders
By Beatriz Marie D. Cruz THE proposed Maharlika Wealth Fund (MWF) continues to be saddled with governance “red flags” even after the withdrawal from participation of chef funders the Government Service Insurance System (GSIS) and Social Security System (SSS). Filomeno S. Sta. Ana III, co-founder and coordinator of the Action for Economic Reforms think tank, […]
Mayors see building up staff, irrigation as major hurdles to post-Mandanas devolution
By Luisa Maria Jacinta C. Jocson, Reporter LOCAL government units (LGUs) face an uphill task in staffing up to implement devolution and taking charge of irrigation in the wake of the Supreme Court’s Mandanas-Garcia ruling, mayors said. “We are supportive of devolution. It’s just that there are limitations on the part of the local government […]
Strong 3rd quarter metals output points to solid 2022
THE Department of Environment and Natural Resources (DENR) said metallic minerals production for the second half of the year is continue the sector’s strong performance in the third quarter. “It’s very promising as you know for this year. We don’t have the exact figures for the final semester yet but in the first semester, we […]
PHL expecting healthcare technology transfer from Taiwan after MoU signing
By Alyssa Nicole O. Tan, Reporter THE Philippine healthcare industry could benefit from technology transfer following the signing of an agreement between Taiwan’s Institute for Biotechnology and Medicine Industry (IBMI) and hospitals in the Asia-Pacific, a Philippine hospital industry official said. “Initially, it is more of establishing relationships between the hospitals and of course, the […]
RCEP seen signed by early 2023
THE Department of Trade and Industry (DTI) said the Philippines could finally sign on to the Regional Comprehensive Economic Partnership (RCEP) trade agreement by early next year. Trade Undersecretary Ceferino S. Rodolfo told reporters on the sidelines of the recent National Export Congress 2022 in Pasay City that the DTI is hoping that the Senate […]
LGUs must step up crisis communication capacity
LOCAL government units (LGUs) must ramp up their crisis and risk communication efforts through digitalization and technology upgrades in order to make them better prepared against the pandemic and other emergencies, according to the Philippine Institute for Development Studies (PIDS). “Local governments have been at the forefront of the pandemic response since the COVID-19 crisis […]
Registered births, deaths continue to decline in first 8 months
REGISTERED births and deaths declined by 22.3% and 34.6% respectively from a year earlier in the eight months to August, the Philippine Statistics Authority (PSA) reported on Thursday. Citing preliminary data from its Vital Statistics Report, the PSA said recorded births in the January-August period totaled 662,780, lower than the 852, 960 registered a year […]
UN: Philippines lacks trained staff vs child abuse
THE UNITED Nations (UN) special rapporteur on the sale and sexual exploitation of children on Thursday said the Philippines lacked trained officials at the village level to monitor reports of child sexual abuse. “I am concerned that local government politics negatively impacts the child protection structure due to regular changes of personnel,” Mama Fatima Singhateh, […]
Marcos to attend APEC Summit in US in November, says ambassador
PHILIPPINE President Ferdinand R. Marcos, Jr. will attend the Asia Pacific Economic Cooperation (APEC) Summit in the United States in November, according to its ambassador to the US. “President Marcos will be coming in November for the APEC meeting in the West Coast,” Philippine Ambassador Jose Manuel G. Romualdez told CNN Philippines on Thursday. “I […]
Korean-funded Panguil Bay Bridge in Northern Mindanao more than halfway done
THE DEPARTMENT of Public Works and Highways (DPWH) announced on Thursday that the Korean-funded Panguil Bay Bridge, a sea crossing bridge project in Mindanao, is now 61% complete. The P7.375-billion bridge project will connect Tangub City in Misamis Occidental to Tubod town in Lanao del Norte, both within the Northern Mindanao Region. The department and […]
Bohol official says tourism code to address overpricing issues
A PROVINCIAL Board member of Bohol said price regulation for goods and services will be included in the proposed local tourism law after another issue of overcharging, this time involving van drivers. Board Member Tita V. Baja, chair of the committee on tourism and urban/rural development, said “regulating the prices or commissions, may be considered […]
CIAC given oversight functions over privately-run Clark airport
GOVERNMENT-OWNED Clark International Airport Corp. (CIAC) has secured oversight functions over the privately-run Clark International Airport, according to its officer-in-charge. The Department of Transportation (DoTr) has tasked CIAC to exercise “regulatory supervision and oversight of activities occurring within the Clark Civil Aviation Complex, including Clark International Airport,” CIAC Officer-in-Charge Darwin L. Cunanan said in a […]
Political dynasties, parliament representation raised in consultations for Bangsamoro, election codes
ADDRESSING political dynasties and ensuring fair representation in parliament were among the issues raised as members of the Bangsamoro transitional government held consultations this week for the proposed regional laws on elections and local governance. The latest round of discussions was held in the island provinces of Basilan, Sulu, and Tawi-Tawi, where groups of Bangsamoro […]
P6.5B needed for proposed subsidy on informal workers’ social insurance contribution
AROUND P6.5 billion in public funds will be needed annually to cover a proposed subsidy for the social insurance contribution of informal sector workers, according to the lawmaker who recommended the provision. Rep. Arlene D. Brosas of women’s rights party-list Gabriela said the latest estimate is based on about 17 million Filipinos considered to be […]
2023 bar exams set for September
THE SUPREME Court (SC) on Thursday confirmed that next year’s bar examinations will be held in September, earlier than the usual November schedule, which would allow for an earlier release of results. In a bulletin, the tribunal said the test for aspiring lawyers will be held on Sept. 17, 20 and 24. “The 2023 bar […]
Weightlifter Diaz routs field at Bogota World Championships
TO BE recognized as the best, Hidilyn Diaz knew she had to prevail in the International Weightlifting Federation (IWF) World Championships. And prevail she did. In a tour de force, the 31-year-old Olympic champion blew away the field in sweeping all three events in the IWF Worlds in Bogota, Colombia yesterday to finally collect the […]
Gilas call-up could be in the works for Adamson’s Lastimosa, DLSU’s Winston
ADAMSON’S Jerom Lastimosa and La Salle’s (DLSU) Schonny Winston could be the next collegiate stars in line for a Gilas Pilipinas call-up soon. Head coach and program director Chot Reyes said inviting the two UAAP standouts is on the horizon, though his coaching staff has yet to reconvene and compile an official training pool for […]
Frayna rules blitz chess at national championships
JANELLE Mae Frayna vented all her frustrations from losing her crown in standard play by ruling the blitz event of the Philippine National Chess Championships presented by Nova Wellness Store at the PACE late Wednesday. The 25-year-old, who is the first Woman Grandmaster from the Philippines, finished undefeated with 9.5 points out of a possible […]
Qatar on track to miss 1.2 million World Cup visitor target
DOHA, — Qatar received just over 765,000 visitors during the first two weeks of the World Cup, according to an organizers’ report obtained by Reuters, putting it in danger of missing its projection of 1.2 million during the month-long event. A huge surge in visitors at this stage is unlikely with only eight teams staying […]