Peso strengthens vs dollar as US Congress passes bill hiking debt ceiling

THE PESO appreciated versus the greenback on Wednesday after US legislators approved a measure that will temporarily increase the government’s borrowing limit. The local unit ended trading at P50.655 per dollar on Wednesday, appreciating by 19.5 centavos from its close of P50.85 on Tuesday, data from the Bankers Association of the Philippines showed. The peso […]

Death toll up to 13, agri damage at P692M in storm Maring’s aftermath 

THE DEATH toll from severe tropical storm Maring, with international name Kompasu, climbed to 13 as of Wednesday with 11 others missing and three injured, the national disaster management council reported.   The disaster agency said it was still validating reports but local authorities have confirmed at least 11 deaths with four in Palawan, four in Benguet, two in […]

Candidate’s admission of being a placeholder not enough to be declared a nuisance — Comelec 

A CANDIDATE’S admission or inference of being a placeholder for an elective position is not enough grounds for being declared a nuisance, according to Commission on Elections (Comelec) Spokesperson James B. Jimenez.   “A mere declaration to the contrary wouldn’t, in my opinion, be sufficient to overcome the intention to run which is manifested in the […]

DoLE recommends no quarantine for OFWs from green list countries  

THE LABOR department has recommended to remove the quarantine period for returning overseas Filipino workers (OFWs) from countries under the green list who will test negative for coronavirus upon arrival.    The Department of Labor and Employment (DoLE) also suggested to cut the quarantine period to five days for OFWs coming from yellow list countries who will test negative for […]

Bill filed limiting authority of OICs in gov’t posts   

A SENATOR filed a bill on Monday that seeks to limit the powers of government officials designated as officer-in-charge (OIC), after questionable billions-worth of pandemic contracts were signed last year and prompted a lengthy probe in the upper chamber.    Senator Francis N. Tolentino’s Senate bill no. 2434 will amend provisions of Executive Order 292 or the Administrative Code of 1987 on OICs.   If enacted, the proposed law will inhibit OICs […]

House panel approves bill regulating operation of motorcycle-for-hire 

THE HOUSE of Representatives’ transport committee approved Wednesday a measure that would allow and regulate the use of motorcycles as public utility vehicles.     In a hearing, the panel approved an unnumbered substitute bill and committee report known as the proposed Motorcycles-for-Hire Regulation Act.   The bill, if signed into law, will amend Republic Act 4136 or the Land Transportation and […]

Faberco, RiteMed bring Merck’s anti-COVID oral drug to PHL 

MOLNUPIRAVIR, an oral antiviral drug clinically proven to reduce by half the risk of hospitalization or death from known variants of SARS-CoV-2 (the virus that causes coronavirus disease 2019 [COVID-19]), may be available in the country by next month. The pill can be accessed initially through hospitals and other healthcare facilities.  Faberco Life Sciences, Inc. (Faberco), appointed […]

Fitbit launches workouts curated by rapper Will Smith 

RAPPER and actor Will Smith curated six workouts and mindfulness sessions for a Fitbit Premium-exclusive collection dubbed “Will Smith: StrongWill.”  Premium members can virtually work out with Mr. Smith and his trainers in sessions that focus on strength building techniques; core engagement; deep breathing exercises and meditation; mobility yoga; cardio-intensive exercises; and upper body HIIT (high-intensity interval […]