Category: Hot News

By John Victor D. Ordoñez, Reporter THE INTERNATIONAL Labor Organization (ILO) director general’s visit to the Philippines this week could pressure the government to boost efforts to uphold labor rights and step-up investigations of injustices against trade unionists, according to Philippine labor groups. “In the spirit of promoting social and economic justice, the Federation of Free […]

A GROUP of farmers has urged the Sugar Regulatory Administration (SRA) to give poor farmers cash vouchers instead after state auditors said farming accessories had been unused.  “This is why cash vouchers should instead be provided so that farmers can choose what they deem best for their use, whether machinery or farm inputs,” Samahang Industriya […]

A CONGRESSMAN has filed a bill seeking to include all mental health disorders under the Philippine Health Insurance Corp.’s (PhilHealth) coverage.    “Mental health services remain inaccessible to the general public,” North Cotabato Rep. Ma. Alana Samantha T. Santos said in House Bill 8470.    PhilHealth covers up to P7,800 for several mental health conditions namely dementia, […]

THE NATIONAL Union of Peoples’ Lawyers on Sunday denounced a memo issued by the Department of Education (DepEd) that allegedly profiles members of a teachers’ group.  “The DepEd Memo brazenly orders infringements of the members of the Alliance of Concerned Teachers’ (ACT) union basic rights and freedoms,” the group said in a statement.  The lawyers’ […]

IT will not be a smooth sail but Gilas Pilipinas women are out to stand ground with hopes of swaying the tides in their favor, even against the basketball krakens of Asia and the Pacific. Buoyed by long and rigid preparations including a final build-up in Melbourne, Gilas featuring Duke University ace Vanessa De Jesus […]

THE PHILIPPINES’ Ashzley Aya Nicole Paquinol downed Vietnam’s Tran Le Vy yesterday to remain perfect and alone on top after four rounds in the girls’ Under-12 class rapid event in the ASEAN+ Age Group Chess Championships in Bangkok, Thailand. In premier Open U20 category, standard titlist Daniel Quizon stayed in the title hunt after he […]

Game Today (Ynares Sports Arena, Pasig) 3 p.m. — Marinerong Pilipino-San Beda vs EcoOil-La Salle BACK-TO-BACK or bounce back? EcoOil-De La Salle University goes for the kill as Marinerong Pilipino-San Beda University tries to stay alive in the potential Game 2 closeout of the PBA D-League Aspirants’ Cup finals today at the Ynares Sports Arena […]

VICTOR Wembanyama is getting a quick primer of San Antonio and the Spurs. The No. 1 overall pick in Thursday’s NBA draft was welcomed on the city’s famed downtown River Walk on Saturday and later put on a uniform and hoisted shots on his new home floor. But Mr. Wembanyama was probably most thrilled about […]

THE ASIAN Boxing Confederation said it aims to withdraw from the embattled International Boxing Association (IBA) after the global governing body was stripped of its Olympic recognition for failing to meet a set of reforms. The Asian group’s board of directors met in Bangkok on Thursday and Friday after the International Olympic Committee (IOC) expelled […]

CHELSEA have completed the signing of Jamaica international striker Dujuan Richards, the Premier League club said on Saturday. The 17-year-old, currently at the Kingston-based Phoenix All Stars Academy, made his senior international debut in March and won his third cap this month in a friendly against Qatar. At college level, Mr. Richards scored 31 goals […]

By Keisha B. Ta-asan, Reporter THE BANGKO SENTRAL ng Pilipinas (BSP) kept benchmark interest rates unchanged for a second straight meeting on Thursday, and signaled policy easing is unlikely in the near term.  At its fourth policy meeting for the year, the Monetary Board maintained its overnight reverse repurchase rate at 6.25%, as expected by […]

By Kyle Aristophere T. Atienza, Reporter PRESIDENT Ferdinand R. Marcos, Jr. on Thursday said he would immediately sign into law the Congress-approved bill creating the Philippines’ first sovereign wealth fund as soon as he receives it, noting that good management is key to its success. This, despite concerns raised by several lawmakers on irregularities surrounding […]

By Revin Mikhael D. Ochave, Reporter THE GOVERNMENT’S proposal to tax “junk food,” as well as raise taxes on sweetened beverages, has drawn mixed reactions from business groups and economists. At the same time, the House Ways and Means committee is “still studying the best form of a junk food tax, or whether to do […]

THE Philippines needs to enhance its benchmarks and form a credible yield curve based on actively traded securities to further develop its capital markets. This as the Bangko Sentral ng Pilipinas (BSP) created a new overnight rate (ON) as reference rate amid the phaseout of the London Interbank Offered Rate (LIBOR) on June 30. In […]

PHILIPPINE employees of Singapore-based Grab Holdings Ltd. will be affected by the mass layoff which the ride-hailing company announced on Wednesday. “[We] can confirm that the Philippines is affected too — but again, we won’t be providing any numbers or breakdowns,” Grab Philippines said in a statement. According to the local transport network company, it […]

THE SECURITIES and Exchange Commission (SEC) on Thursday launched digital technology initiatives in line with its program for the capital market and the administration’s move towards e-governance. “We will launch a wave of digital initiatives… consisting of the e-SEARCH, eSECURE, eRAMP, SEC API Marketplace, and SEC CheckApp 2.0,” SEC Chairman Emilio B. Aquino said during […]

Philippine President Ferdinand R. Marcos, Jr. has chosen Eli M. Remolona to be the next central bank governor for a six-year term, the presidential office said on Friday. Mr. Remolona, who sits on the seven-member policy-making Monetary Board, will replace Felipe M. Medalla, starting in July. “With his extensive experience and remarkable achievements in central […]

With the ever-growing digital threats against enterprises, Globe Business strengthened its cybersecurity portfolio by partnering with Check Point, a global cybersecurity provider, to arm companies with comprehensive protection capabilities to keep corporate data safe on mobile devices. The expansion of its cybersecurity offerings comes at a critical time as hybrid work is the new standard […]

Consumer sentiment remained pessimistic in the second quarter due to elevated prices and lower salaries, while businesses were more optimistic because of the expected increase in sales driven by stronger demand for goods and services, the Philippine central bank said on Friday. The Bangko Sentral ng Pilipinas (BSP) confidence index (CI) declined to 10.5% in […]