PHILIPPINE STAR/NOEL PABALATE PRESIDENT Ferdinand R. Marcos, Jr. on Monday vowed to veto a bill that seeks to prevent teen pregnancy through a comprehensive sex education campaign, saying it promotes “woke mentality.” He noted that while he is in favor of sex education, he was “appalled” by some elements in Senate Bill 1979 or the […]
BW FILE PHOTO THE PESO gained against the dollar on Monday as market focus turned to US President-elect Donald J. Trump’s inauguration. The local unit closed at P58.52 per dollar on Monday, strengthening by 12 centavos from its P58.64 finish on Friday, Bankers Association of the Philippines data showed. The peso opened Monday’s session stronger […]
PHILIPPINE SHARES inched down on Monday in cautious trading before the inauguration of US President-elect Donald J. Trump. The Philippine Stock Exchange index (PSEi) slipped by 0.03% or 2.23 points to end at 6,349.89 on Monday, while the broader all shares index dropped by 0.02% or 0.87 point to 3,702.86. “Philippine shares started the week […]
DMW A PHILIPPINE senator on Monday called for the review of bilateral labor deals and recruitment policies with Kuwait after two overseas Filipino workers (OFWs) based in the West Asian country died of “anomalous causes.” “The government must stop the abuse in its tracks by strengthening recruitment policies and ensuring that host countries comply with […]
TARLAC CITY PIO FORMER Quezon City (QC) Mayor Herbert M. Bautista was found guilty of graft over a P32.1-million procurement deal with a local software company in 2019, the Philippine anti-graft court said on Monday. In a 146-page decision, released on Jan. 20, the Sandiganbayan Special Seventh Division convicted Mr. Bautista and a former city […]
COURTESY OF DBP FACEBOOK PAGE THE HOUSE of Representatives on Monday approved on second reading a measure seeking to raise the Development Bank of the Philippines’ (DBP) authorized capital stock to P300 billion from P35 billion. Through voice voting, congressmen agreed to House Bill (HB) No. 11230, which would repeal DBP’s almost 27-year-old charter, a […]
PHILIPPINE COAST GUARD PHOTO THE PHILIPPINE Senate on Monday approved on third and final reading a bill that would fix the term of the commandant of the Philippine Coast Guard (PCG) to three years, expected to ensure stability in the agency’s leadership structure amid maritime tensions. Twenty senators unanimously voted in favor of House Bill […]
PHILIPPINE STAR/MICHAEL VARCAS THE Philippine Congress should fast-track the approval of proposed laws to make food affordable, a congressman said on Monday, as the Agriculture department looks to declare a food security emergency to curb mounting food prices. Agriculture Secretary Francisco P. Tiu Laurel, Jr. said last week his department will likely declare a food […]
PHILIPPINE STAR/KRIZ JOHN ROSALES THE Department of Agriculture (DA) said on Monday that it is expecting the harvest of palay (unmilled rice) this year to exceed 20 million metric tons (MMT), with officials seeking to fund a rice productivity program for an additional P10 billion. In a statement, Agriculture Secretary Francisco P. Tiu Laurel, Jr. said […]
PHILIPPINE STAR/KRIZ JOHN ROSALES THE Philippine Amusement and Gaming Corp. (PAGCOR) further reduced the fee paid by electronic games (e-games) operators to 30% of revenue to further encourage underground gaming operators to become licensees. The fee had earlier been reduced to 35% in April. In a statement, PAGCOR Chairman and Chief Executive Officer Alejandro H. […]