Category: Hot News

Are you a college student looking to start making improvements on your finances? Well, the Philippine Financial Summit (PFS) 2023 has your back! The UP Junior Finance Association, together with Metrobank, is gearing up to promote financial literacy nationwide through its highly anticipated PFS 2023, which will take place both online and on-ground. PFS 2023 […]

THE MAIN INDEX closed lower on Thursday amid last-minute profit taking after the Bangko Sentral ng Pilipinas (BSP) kept rates untouched at its policy review, as expected by the market. The bellwether Philippine Stock Exchange index (PSEi) slipped by 6.47 points or 0.09% to close at 6,628.64 on Thursday, while the broader all shares index […]

THE PESO strengthened against the dollar on Thursday after US President Joseph R. Biden, Jr. and Republican House of Representatives Speaker Kevin McCarthy said that they would negotiate directly on a deal to raise the US debt ceiling. The local currency closed at P55.87 versus the dollar on Thursday, rising by 33 centavos from Wednesday’s […]

THE HOUSE Agriculture and Food Committee pointed to a group of companies involved in the whole onion value chain for the price manipulation of the commodity that hit up to P700 per kilo in retail markets last year, and will recommend the filing of charges against those linked to the operations. “The documents are not […]

THE IMPLEMENTING rules and regulations (IRR) of a law that protects children against online sexual abuse and exploitation was signed Thursday, the Social Welfare department announced. “The DSWD (Department of Social Welfare and Development), as one of the signatories of the IRR, will remain vigilant in making sure that the provisions will be strictly implemented […]

By Revin Mikhael D. Ochave, Reporter THE CONTINUED proliferation of illicit tobacco products is hampering efforts to meet the government’s excise tax collection target, the Bureau of Internal Revenue (BIR) said on Thursday. “That’s one of the main problems with excise tax, it’s the proliferation of illicit tobacco. (There is) around a 20% shortfall for […]

THE PHILIPPINE Navy will showcase on Friday its capability to deter potential maritime or aircraft attacks, testing a surface-to-air missile and antisubmarine helicopter near the South China Sea.  President Ferdinand R. Marcos, Jr. would witness the live-fire demonstration, which will take place off the coast of San Antonio, Zambales, according to a Navy press release.  […]

PRESIDENT Ferdinand R. Marcos, Jr. on Wednesday approved Congressional amendments to a 2022 law that set a fixed term for key military positions.  Mr. Marcos signed Republic Act (RA) No. 11939 on May 17, just four months after reports of rumblings in the Armed Forces of the Philippines (AFP) leadership, which were considered as “unintended […]

THE GOVERNMENT has approved the release of P7.68 billion for its targeted cash transfer (TCT) program.  In a statement on Thursday, the Department of Budget and Management (DBM) said the fund will cover the remaining two months of the financial aid program, with each of the 7.6 million beneficiaries to get P500 per month.  Earlier […]

A DELEGATION of Philippine government officials engaged in bilateral talks on migrant work issues with their Kuwait counterparts on May 16-17, the Philippine Department of Foreign Affairs (DFA) said on Thursday.  “On issues related to services being rendered to our migrant workers, the delegation explained that all actions taken by the Philippine Embassy and the […]

THE RECENTLY approved National Tourism Development Plan (NTDP) 2023-2028 will give a boost to the transformation and employment opportunities in the sector, the country’s top tourism official said.     “As a whole, the NTDP shall provide a guide for our regions as well in the efforts of our President to spread countrywide development through tourism,” Tourism […]

THE EVIDENCE in the murder complaint against a Philippine congressman linked to the murder of Negros Oriental Mayor Roel R. Degamo is mostly circumstantial, the lawyer of the slain provincial governor said on Thursday.   “It is based on the totality of evidence rule,” Levy Baligod, who lawyers for the Degamo family, told CNN Philippines.    […]

By John M. Unson, Correspondent   COTABATO CITY — More than 70 members of local terrorist groups have laid down their arms in recent weeks, inspired by comrades who have surrendered earlier and are now living peaceful, productive lives back in their communities.    Alim Kitem Ansao, one of the 50 members of the outlawed Bangsamoro Islamic […]

THE DEPARTMENT of Justice (DoJ) said it is within President Ferdinand R. Marcos, Jr.’s authority to reorganize the executive department to fast-track the roll-out of the digital national identification cards (national IDs).   The reorganization would involve the transfer of some functions of the Philippine Statistics Authority (PSA) to the Department of Department of Information and […]

THE National Grid Corp. of the Philippines (NGCP) said it is confident that a review of the power grid’s privatization will find that the company introduced many improvements to the transmission system. “NGCP is fully cognizant that its franchise is a privilege granted to it by government. We remain ready to answer any and all […]

THE National Power Corp. (Napocor) said it will focus its efforts in expanding renewable energy (RE) on off-grid areas, which are served by its Small Power Utilities Group (SPUG). “We hope the first 25% will happen next year, then we’ll work on the 75% after that,” Fernando Martin Y. Roxas, Napocor president, told reporters on […]

A NEW sugar order is expected to be released by the end of May after President Ferdinand R. Marcos, Jr., approved additional imports of 150,000 metric tons of sugar, the Department of Agriculture (DA) said. Senior Undersecretary Domingo F. Panganiban said at a briefing on Wednesday that the new import program will head off a […]

THE Federation of Philippine Industries (FPI) said it expects gross domestic product (GDP) growth to improve in the coming months after the indicator slowed in the first quarter. “(GDP) will improve because we just came from a pandemic. Not all companies can get back on their feet right away,” FPI Chairman Jesus L. Arranza said […]

THE Civil Aeronautics Board (CAB) said it lowered the passenger fuel surcharge for June to Level 4 from Level 5 in May. The June decision marks the third consecutive month of lower fuel surcharges, which had been set at Level 6 in April and Level 7 in March. Level 4 sets the passenger fuel surcharge […]

LOCAL government units (LGUs) will have varying starting points when the National Government (NG) devolves some of its functions to them, the Philippine Institute for Development Studies (PIDS) said in warning against an inflexible devolution plan. A policy of “heterogeneity in capacity” can help LGUs better prepare and acquire needed capacity improvements prior to full […]