Senators say Charter change unnecessary, duplicates recent laws

A PROPOSAL to change economic provisions of the Philippine Constitution to make it more investor-friendly is unnecessary and duplicates recently enacted legislation, according to several senators. The latest Public Service Act, Retail Trade Liberalization Act and Foreign Investments Act are all the country needs to attract foreign investments, Senator Maria Lourdes Nancy S. Binay said […]

US warship sails through sensitive Taiwan Strait; China angered

WASHINGTON – A US warship sailed through the sensitive Taiwan Strait on Thursday, part of what the US military calls routine activity but which has riled China. In recent years, US warships, and on occasion those from allied nations such as Britain and Canada, have sailed through the strait, drawing the ire of China, which claims Taiwan against the objections of its democratically elected government. In a statement, the US military said the […]

Maharlika still flawed after pensions ruled out as funders

By Beatriz Marie D. Cruz THE proposed Maharlika Wealth Fund (MWF) continues to be saddled with governance “red flags” even after the withdrawal from participation of chef funders the Government Service Insurance System (GSIS) and Social Security System (SSS). Filomeno S. Sta. Ana III, co-founder and coordinator of the Action for Economic Reforms think tank, […]

US trains Filipinos on anti-illegal drug strategies

THE UNITED STATES has trained 120 delegates from 19 local governments in developing strategies against illegal drugs in the Philippines, the US Embassy in Manila said in a statement on Wednesday.  “Law enforcement alone is not enough,” Interior and Local Government Undersecretary Margarita Gutierrez said in the statement. “We must pursue a holistic approach to […]

NTC orders telcos to deactivate, block links in scam text messages

THE National Telecommunications Commission (NTC) has directed telecommunication companies to block or deactivate domains and uniform resource locators (URLs) contained in scam text messages. In a letter to Smart Communications, Inc., Globe Telecom, Inc., and DITO Telecommunity Corp. dated Sept. 12, NTC Commissioner Gamaliel A. Cordoba said that URLs, TinyURLS, SmartLinks and QR codes from […]

Singapore convicts two linked to $6B penny-stock crash

SINGAPORE — Singapore’s high court has convicted two people over what authorities consider to be the largest market manipulation case in the city-state, a joint statement by the Singapore police and Monetary Authority of Singapore said on Thursday.  For almost a decade, Singapore authorities have been investigating suspected trading irregularities tied to a so-called penny-stock […]