Peso weakens vs the dollar as UK, euro zone data spark recession fears

THE PESO weakened against the dollar on Wednesday amid weaker manufacturing data in Europe that roused fears of a global recession. The local currency closed at P54.63 versus the greenback on Wednesday, dropping by 19.5 centavos from Tuesday’s P54.435 finish, data from the Bankers Association of the Philippines showed. The peso opened Wednesday’s trading session […]

Peso slips vs dollar on mixed data

THE PESO slipped against the dollar on Tuesday amid reduced flows after the holidays and mixed economic data. The local currency closed at P55.79 versus the greenback on Tuesday, inching down by 3.5 centavos from Dec. 29’s close of P55.755, data from the Bankers Association of the Philippines showed. The peso opened Tuesday’s trading session […]

SEC files criminal complaint against four lending companies

THE Securities and Exchange Commission (SEC) brought four lending companies before the Department of Justice (DoJ) for criminal prosecution for operating unregistered online lending platforms (OLPs). In a press release, the regulator’s Enforcement and Investor Protection Department (EIPD) filed on Dec. 20 a criminal complaint against Suncash Lending Investors Corp., UCash Lending Investors Corp., Suncredit.ph […]

Anti-graft court acquits Dumanjug mayor

THE Sandiganbayan Fourth Division has acquitted Dumanjug Mayor Efren Guntrano “Gungun” Gica of graft and malversation charges following allegations that he tampered with a restaurant receipt in 2014. In a 36-page decision issued on Dec. 9, 2022, Associate Justice Michael Frederick Musngi said they acquitted Gica of the charges filed against him for violating Republic […]

24 nabbed in drive vs. e-sabong in Cebu

THE Cebu Police Provincial Office (CPPO) has intensified its drive against e-sabong after Camp Crame ordered a crackdown on the online/remote or off-site betting on live cockfighting matches in the entire country. Then President Rodrigo Duterte ordered all e-sabong operations suspended last May following the disappearance of 34 cockfighting enthusiasts who allegedly remain missing up […]

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, […]

Over 24,000 nabbed for drugs under PBBM; over 90 killed

MORE than 24,000 drug personalities have been arrested under the administration of President Ferdinand “Bongbong” Marcos Jr. (PBBM) so far, underscoring its determination to continue his predecessor’s relentless war on drugs but with a greater focus on demand reduction, the Department of the Interior and Local Government (DILG) said. Human Rights Watch, however, said the […]

Tell it to SunStar: Decriminalization of cyber libel, libel pushed, after guilty verdict vs. Cordillera indigenous people’s leader

Human rights alliance Karapatan decried on Friday, Dec. 2, 2022 the guilty verdict of Baguio City Regional Trial Court Branch 59 against Cordillera People’s Alliance secretary-general Sarah Dekdeken in the cyber-libel charges against her by former Cordillera Police Chief R’win Pagkalinawan. The group said that her case is “proof that cyber libel and libel laws […]