CEBU FC beefed up its roster for the second half of the Philippines Football League (PFL) season after bringing in some new foreign players. With the departure of prolific Turkish strimer Arda Cinkir, Cebu FC immediately filled the void by signing two foreign strikers to help on offense—Canadian Leaford Allen and Japanese Rintaro Hama. The […]
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Firm sets P3B capex for new condo in Panglao
HOMEGROWN developer Primary Homes Inc. has earmarked P3 billion in capital expenditures for the construction of Royal Oceancrest Panglao 2 which is slated for completion within five years. The five-tower medium-rise residential project is located in Dao, Dauis, Panglao Island. It will have 1,291 units and is expected to be completed in the first quarter […]
House banking committee approves bill amending FIST law
A BILL proposing amendments to the Financial Institutions Strategic Transfer (FIST) Act of 2021 has cleared the House banking committee. The committee approved House Bill No. 6773, an amendment to Republic Act No. 11523, also known as the FIST Act. FIST authorizes the transfer of bad assets held by financial institutions to asset management companies, […]
Improved sanitation, more livelihood eyed in 16 Cebu City coastal villages
MORE livelihood opportunities and improved sanitation are being eyed by the Cebu City Government for its coastal communities in line with the Singapore-like vision of Mayor Michael Rama. Reymarr Hijara, chairman of the Coastline Management Board (CMB), told SunStar Cebu Sunday, Feb. 12, 2023, that they are crafting a coastline management plan for the city’s […]
Sugar industry calls for broad participation in import program
THE sugar industry has called on the government to admit all interested parties, including sugar producers, industrial users, and accredited traders to the proposed program to import sugar. In a letter to the Sugar Regulatory Administration (SRA) on Feb. 6, Confederation of Sugar Producers Association, Inc. (Confed) President Aurelio Gerardo J. Valderrama, Jr. asked the […]
Projects for Olango’s full recovery after typhoon Odette revealed
A TECHNICAL school, boardwalk, wharf and improvement of the ports and other facilities are among the projects lined up for Olango Island to help its residents recover fully from the devastation caused by typhoon Odette in December 2021. Lapu-Lapu City Mayor Junard “Ahong” Chan told SunStar Cebu on Saturday, Feb. 11, 2023, that the National […]
Mandaue City moves to use solar energy
BARANGAYS and other government offices in Mandaue City may soon have solar panels installed, boosting energy security and the supply of affordable electricity. This, as the Mandaue City Council mulls an ordinance to develop and promote renewable energy in barangays and city government facilities. City Councilor Joel Seno, who drafted the proposed law, told SunStar […]
Filipino lawmakers back greater US access under defense pact
By Kyle Aristophere T. Atienza, Reporter PHILIPPINE congressmen on Monday welcomed the Marcos government’s decision to give the United States access to four more military bases, saying it would help deter China’s aggression in the South China Sea. The decision to expand the Enhanced Defense Cooperation Agreement (EDCA), which was signed in 2014, is in […]
DepEd: P100M allocated for new classrooms in CV
THE national government has given the Department of Education in Central Visayas (DepEd 7) around P100 million for classroom construction next year. DepEd 7 Director Salustiano Jimenez told SunStar Cebu on Wednesday, Feb. 1, 2023, that the funds they received will allow them to construct an additional 100 classrooms this year. Jimenez said he is […]
Peso rebounds vs dollar as US data support bets of less hawkish FOMC
THE PESO rebounded against the dollar on Wednesday as slower US employment and housing data supported expectations of a less hawkish policy stance by the Federal Reserve. The local currency closed at P54.475 versus the greenback on Wednesday, appreciating by 16.5 centavos from Tuesday’s P54.64 finish, data from the Bankers Association of the Philippines’ website […]
BIR to allow more transactions via online portal in late January
THE Bureau of Internal Revenue (BIR) said it will allow taxpayers to conduct more transactions online late this month. Individuals will be permitted to update their information or applications through the online registration and update system (ORUS) starting Jan. 23, according to a memorandum circular. Through ORUS, taxpayers can update their registration information with regard […]
Meeting the ‘Super Soldiers’ in ‘Darna’
THE Philippines’ super heroine, Darna, continues to fly high on primetime TV and on digital platforms. So far, it has spawned various Darna-related content on TikTok with the hashtag #Darna garerning approximately 2.3 billion combined views at the end of 2022. Darna’s nemesis, Heneral Borgo (played by Richard Quan), has gathered the most destructive individuals […]
Marcos tells advisors he will certify E-Governance bill as urgent, backs RCEP
PRESIDENT Ferdinand R. Marcos, Jr. signaled his intent to certify as urgent a measure that will digitalize the bureaucracy to his business-sector advisors. The Palace also announced that Mr. Marcos is pushing the Senate to act on the ratification of the Regional Comprehensive Economic Partnership (RCEP) trade agreement. Mr. Marcos made his intent to certify […]
Peso rises on BoJ decision, stock market’s gains
THE PESO strengthened against the dollar on Wednesday following the Bank of Japan’s (BoJ) decision to keep rates ultra-low and amid expectations that the Philippines will be among one of the fastest-growing economies in the region this year. The local unit closed at P54.62 per dollar on Wednesday, appreciating by 20 centavos from Tuesday’s finish […]
Spikers’ Turf men’s volleyball kicks off at Paco Arena on Sunday
WHERE passion meets power. That will be the battlecry of the country’s best and brightest men’s volleyball players as they clash for pride and glory in the Spiker’s Turf unfurling this Sunday at the Paco Arena. “Our new Spikers’ Turf tagline is very apt. Men’s volleyball may not be at par with the popularity of […]
Teen dies, 23 others hurt when passenger bus falls to its side after hitting motorcycle on highway
A CERES Liner bus swerved to the right side of the road, lost its balance and fell on its left side, pinning a 15-year-old male passenger to death and injuring 23 others. The driver of the bus, 48-year-old Ben Sarsalejo, a native of Purok 7, Barangay Tanghaligi, Talibon, Bohol, was trying to avoid a motorcycle […]
FIRB working on uniform procedure for suspending fiscal incentives
THE Fiscal Incentives Review Board (FIRB) said it expects to complete soon uniform rules to govern the suspension or withdrawal of tax incentives from registered enterprises that do not comply with the conditions of the grant, the Department of Finance (DoF) said on Thursday. “The guidelines are meant to provide uniform rules for imposing penalties […]
Marcos orders DoJ to decongest jails by freeing more prisoners
PHILIPPINE President Ferdinand R. Marcos, Jr. has ordered the Department of Justice (DoJ) to release more prisoners as part of efforts to decongest the country’s jails, according to the presidential palace. Mr. Marcos also backed a DoJ plan to transfer hardened criminals to an Alcatraz-type prison to stop them from committing more crimes while in […]
Angara calls for institutional reforms in CAAP after air traffic system mishap
A SENATOR has called for institutional reforms in the Civil Aviation Authority of the Philippines (CAAP) after technical mishap on Jan. 1 that downed the country’s air traffic control system, causing flight cancellations and delays in all airports. “The technical glitch that took place last January 1 was a wake-up call for all of us […]
What is the metaverse and how will it work?
THE term “metaverse” is the latest buzzword to capture the tech industry’s imagination — and while Facebook parent Meta is the best-known entrant into this futuristic virtual concept, it’s certainly not the only one. Mark Zuckerberg’s all-in embrace — including renaming his company and investing tens of billions of dollars — might be the biggest […]