Category: Hot News

BAGUIO CITY — A soldier was hurt during fresh clashes between government troops and communist rebels in the village of Naguillan, Sallapadan town in Abra province on Monday afternoon.    Cordillera police director Brigadier General David Peredo said Army Private Zerganie Pagtan had gunshot wounds in his shoulder and leg when a platoon of the Philippine […]

THE DEPARTMENT of Transportation (DoTr) will build 37.5 kilometers of bike lanes in San Fernando, Pampanga province in northern Philippines.  The P78.37-million project is expected to be completed by yearend, the agency said in a statement on Tuesday. It will build the project together with the Department of Public Works and Highways and local government […]

FILIPINO Muslims in the Bangsamoro region will celebrate on Wednesday Eid’l Adha, also known as the feast of sacrifice, one of the two most important holidays in Islam.   “Here in Cotabato province, there is religious and cultural solidarity among Muslims, non-Muslims and indigenous people,” Cotabato Gov. Emmylou Taliño Mendoza said. “We give our Muslim brothers […]

THE DEPARTMENT of Transportation (DoTr) has ordered the Land Transportation Office (LTO) to solve the backlog of driver’s license plastic cards after it signed a contract with Banner Plastic Card, Inc.    In a statement, the agency said Banner had won the bid to manufacture 3.2 million driver’s license plastic cards.  “Up to 1 million plastic […]

CARNIVAL Cruise Line, a unit of Carnival Corp. & plc., said it has entered into a Philippine crewing agreement with United Philippine Lines (UPL), with the collaboration to result in the establishment of a facility within the Pasay-EDSA campus of STI Education Services Group, Inc. “The state-of-the-art hub is Carnival and UPL’s response to the […]

THE United States Trade Representative (USTR) said it hopes to lock down provisions of the Indo-Pacific Economic Framework for Prosperity (IPEF) trade deal dealing with labor, agriculture, and regulatory best practices. Deputy USTR Sarah Bianchi said a roundtable session on Tuesday that the Philippines is especially engaged in the labor provisions of the IPEF. The […]

SUGAR farmers said on Tuesday that the proposed liberalization of sugar imports poses a threat to thousands of marginal sugarcane farmers. In a statement, Manuel R. Lamata, president of the United Sugar Producers Federation of the Philippines, said the industry is “totally against” the proposal put forward by Finance Secretary Benjamin E. Diokno to liberalize […]

THE Department of Energy (DoE) said on Tuesday that it expects to launch commercial operations of the spot market for power reserves by September.  The DoE, in an advisory dated June 26 signed by Energy Secretary Raphael P.M. Lotilla, said that the Independent Electricity Market Operator of the Philippines (IEMOP) has completed preparatory activities required for […]

THE percentage of single-detached homes owned by their occupants was 62.1%, the Philippine Statistics Authority (PSA) said. The PSA’s 2022 Annual Poverty Indicators Survey (APIS) said the rate of owner-occupied houses was three out of every five of the 26.94 million families. The single-detached home market segment is known in the Philippines as a “house […]

ALTERNERGY Holdings Corp. on Monday said its board had approved its subscription to a 60% stake in Liberty Solar Energy Corp. In a regulatory filing, the listed company said Liberty Solar is a “potential” special-purpose vehicle to develop renewable energy (RE) projects. Alternergy will subscribe to 975,000 common shares of Liberty Solar for a one-time […]

THE MONETARY BOARD has disqualified six firms from securing a license with the Bangko Sentral ng Pilipinas (BSP) after they were found operating unregistered money service businesses (MSBs). The central bank banned two MSBs in Pasay City, namely Bontoy Money Changer with Mohammad S. Sauti as a point person and Nurul Money Changing Services, which […]

RUSSIAN President Vladimir Putin is damaged goods. He may have survived this weekend’s mutiny by Yevgeny Prigozhin and his Wagner Group of mercenaries. In reacting as he did, though, Putin not only made himself even weaker, but planted the idea of his impotence in the minds of Russians and the world. Of course, Putin had […]

LOS ANGELES — Film and television directors voted overwhelmingly to ratify a new three-year labor contract with major Hollywood studios on Friday, averting a second work stoppage that would have added to upheaval caused by an ongoing writers’ strike. The Directors Guild of America (DGA) said 87% of those voting supported the deal with the […]

PHILIPPINE SHARES rose on Monday on bargain hunting following their decline last week. The Philippine Stock Exchange index (PSEi) increased by 129.54 points or 2.02% to 6,523.09 on Monday, while the broader all shares index went up by 55.71 points or 1.63% to close at 3,470.46. “The local bourse jumped by 129.54 points to 6,523.09 […]

THE PESO appreciated against the dollar on Monday following weaker US data last week. The local currency closed at P55.70 versus the dollar on Monday, inching up by seven centavos from Friday’s P55.77 finish, data from the Bankers Association of the Philippines’ website showed. The local unit opened Monday’s session steady at P55.77 per dollar. […]

THE PHILIPPINES should invest in human capital if it wants to modernize its shipping industry, President Ferdinand R. Marcos, Jr. said on Monday, citing the need to respond to the global demand for a shift to clean energy and digitalization. “There is a need for the shipping industry to adapt and integrate new developments into […]

A CONGRESSMAN has filed a resolution seeking to suspend the franchise of budget carrier Cebu Air, Inc. amid a Senate investigation of mounting customer complaints. Cagayan de Oro Rep. Rufus B. Rodriguez said the airline, which operates Cebu Pacific, “has a history of unsatisfactory service to the public.” “Passengers of Cebu Pacific experience flight delays […]