Batuhan: Too big to fail?

“On Sept. 16, 2008, the Federal Reserve provided an US$85 billion two-year loan to AIG to prevent its bankruptcy and further stress on the global economy. In return, the Fed took ownership of 79.9 percent of AIG’s equity. That gave it the right to replace management, which it did. It also had veto power over […]

Robredo transfers voter registration but no decision yet on governor or presidential plans

Vice-President Maria Leonor “Leni” G. Robredo has transferred her voter registration from Naga City to Magarao town in the province of Camarines Sur, her spokesman confirmed on Friday.  Office of the Vice-President (OVP) spokesman Ibarra “Barry” M. Gutierrez III made the announcement amid speculation that Ms. Robredo, who has been endorsed by an opposition coalition as its standard bearer for […]

Spritzer Joins Hands with NGOs and Pledges Aid for Vulnerable Groups Affected by COVID-19

The Company, which turns 32, affirms commitment to help communities in distress KUALA LUMPUR, Sept 21, 2021 – (ACN Newswire) – Spritzer Malaysia (“Spritzer” or the “Company”), which produces Malaysia’s best-selling natural mineral water, is committed to the wellbeing of the community and has endeavoured to send aid to the vulnerable and less privileged in society during these challenging […]

‘Hotel Rwanda’ hero sentenced to 25 years on terror charges

THE man who inspired the film “Hotel Rwanda” for saving hundreds of his countrymen from genocide was convicted of terrorism offenses Monday and sentenced to 25 years at a trial that human rights watchdogs and other critics of Rwanda’s repressive government have described as an act of retaliation. Paul Rusesabagina, credited with sheltering ethnic Tutsis […]

A firm purpose for disruptive times

By Adrian Paul B. Conoza, Special Features Assistant Editor THE CORONAVIRUS DISEASE 2019 (COVID-19) pandemic has brought big disruptions across industries. Priorities had to be changed as much as work modes have. Yet, amid the shifts, purposes and duties have largely remained the same. This is very true of the media, as its duty to […]

Anti-graft council created amid probe on state corruption

The Presidential Anti-Corruption Commission (PACC) on Friday formed a new inter-agency task force to bring its campaign against graft and corruption to the lowest level of the government, as the administration faces questions over allegedly anomalous deals.   More than 40 agencies under the Executive branch signed a memorandum of agreement to form the National Anti-Corruption Coordinating Council, […]

New pandemic measures seen helping rebound build momentum

THE ECONOMY has the potential to post a solid rebound next year if the government can effectively implement its “more integrated approach” to managing the pandemic, Moody’s Analytics said. It cited new strategies such as increased vaccine procurement and distribution and focused, “granular” lockdowns instead of a broader quarantine declared over larger areas, it said. […]

Cabaero: ‘Ghost company?’

The absence of a physical address for a company awarded P8.7 billion worth of contracts to provide the government with medical supplies will surely raise red flags to indicate possible corruption. The amount involved was so huge that it should not have been assigned to a company without checking the owners and where it is […]

Santander opts to impose MECQ as Covid cases rise

THE Municipality of Santander in Cebu’s southernmost tip has been voluntarily imposing modified enhanced community quarantine (MECQ) rules since Aug. 11, 2021, when 11 other towns and cities in the province were placed under more stringent restrictions. Santander is bordered to the northeast by Oslob and to the northwest by Samboan. Both towns are among […]

Nalzaro: Consolacion reclamation project needs further study

LIKE the proposed reclamation project of Consolacion, Cebu which was opposed by different sectors, various groups, including environmental advocates, are “up in arms” against the local government unit (LGU) of Dumaguete City, Negros Oriental over the proposed P23 billion reclamation project to be constructed through a Joint Venture Agreement (JVA) with a private corporation. Dubbed […]

Editorial: A race against the pandemic

IT seems the arrival of the delta variant of coronavirus disease 2019 (Covid-19) on our shores has fast-tracked the government’s vaccination program. Health Secretary Francisco Duque III announced on Thursday, Aug. 5, 2021, that the number of individuals who have been fully vaccinated against Covid-19 had breached the 10-million mark the day before. It looks […]

Briones: Get vaccinated

I know I have been saying it since Cebu started its vaccine rollout sometime in March, but members of the public who are still not vaccinated should get the jab when they have the chance. If you don’t trust me because I’m not a medical professional, then don’t take my word for it. Listen instead […]