December 23, 2024
PSEi surges to 6,500 level on BSP rate cut signal
BW FILE PHOTO THE MARKET SURGED to the 6,500 level on Monday after the Bangko Sentral ng Pilipinas (BSP) governor signaled that he is open to a rate cut in their first policy meeting for next year. The Philippine Stock Exchange index (PSEi) rose by 2% or 128.53 points to close at 6,534.91 on Monday, […]
December 23, 2024
No reenacted budget in 2025 — Palace
PHILIPPINE STAR/RYAN BALDEMOR By Kyle Aristophere T. Atienza, Reporter MALACAÑANG on Monday assured that the Philippine government will not operate under a reenacted budget next year. Presidential Communications Secretary Cesar B. Chavez made the remark following two meetings in which President Ferdinand R. Marcos, Jr. and his Cabinet officials reviewed items under the Congress-approved budget […]
December 23, 2024
ERC to complete fourth rate reset for grid operator by next month
BW FILE PHOTO By Kenneth Christiane L. Basilio, Reporter THE Energy Regulatory Commission (ERC) is set to complete the National Grid Corporation of the Philippines’ (NGCP) transmission rate adjustment next month, the regulatory body’s chief told lawmakers at the House of Representatives on Monday. “We are at the tail end of the reset for the […]
December 23, 2024
Embassy to continue repatriating Filipinos in Lebanon amid ceasefire with Israel
Overseas Filipino workers (OFWs) are seen at the Ninoy Aquino International Airport Terminal 3. — PHILIPPINE STAR/WALTER BOLLOZOS THE PHILIPPINE Embassy in Lebanon on Monday gave assurance to overseas Filipino workers still in war-torn Beirut that it is accepting and processing voluntary repatriation applications amid the country’s 60-day ceasefire with Israel and Iran-backed militant group […]
December 23, 2024
GCTA proposal ‘problematic and unfair,’ Veloso lawyer says
MARY JANE F. VELOSO — PHILSTAR FILE PHOTO THE Department of Justice’s (DoJ) proposal to apply the Good Conduct Time Allowance (GCTA) rule is “problematic and unfair” to Filipina drug convict Mary Jane F. Veloso, who was incarcerated in Indonesia for almost 15 years, as it requires another six years before she qualifies for the […]
December 23, 2024
PHL’s FTA with South Korea to take effect on Dec. 31
REUTERS SOUTH Korea’s free trade agreement with the Philippines will take effect on Dec. 31, its embassy in Manila said on Monday. This comes after the Philippine Trade department said it would take effect on Jan. 1 next year after both countries ratified the pact, which is expected to boost exports of Philippine bananas and […]
December 23, 2024
Meralco ready to address power issues over holidays
BW FILE PHOTO POWER DISTRIBUTOR Manila Electric Co. (Meralco) said on Monday that it is ready to respond to any possible electricity service concern that may arise during the holiday break. “Meralco crews and personnel will remain on standby 24/7 even on Christmas Day, to keep the lights on for its 8 million customers and […]
December 23, 2024
Seniors may now avail medical discounts without booklets
JCOMP-FREEPIK HEALTH SECRETARY Teodoro J. Herbosa on Monday signed an administrative order (AO) removing the purchase booklet requirement for senior citizens’ medical discount. The order is in line with the Expanded Senior Citizens Act of 2010, the Department of Health (DoH) said in a statement. Before AO No. 2024-0017, which deletes the requirement for seniors […]
December 23, 2024
Benefits for seniors in jail pushed
PHILIPPINE STAR/EDD GUMBAN A CONGRESSMAN on Monday urged government agencies to ensure that elderly prisoners still receive senior citizens’ benefits despite being incarcerated. “Our laws on senior citizens’ welfare do not distinguish nor discriminate against elderly PDLs (Persons Deprived of Liberty). But because elderly PDLs are out of sight, it would not be surprising that […]
December 23, 2024
CHR flags rise of fake PWD IDs
THE Commission on Human Rights (CHR) on Monday raised the alarm over the reported spread of counterfeit identification (ID) cards meant for persons with disabilities (PWDs), calling it a serious affront to their dignity and rights. In a statement, CHR said the fake IDs undermine the benefits outlined under the Magna Carta for Disabled Persons, […]
December 23, 2024
Fuel Ventures secures £20m Chinese investment round, strengthening UK-China tech ties
Fuel Ventures, one of the UK’s most prominent venture capital funds, has announced the closure of a £20 million investment round backed by key Chinese investors, including the Shijingshan Industrial Fund and Zhongguancun Development Group. The deal underscores the UK’s appeal as an emerging destination for Asian capital and sets the stage for deeper collaboration […]
December 23, 2024
Milestone chasers Philippines XI brace for undefeated Thai clash
BJØRN KRISTENSEN THAILAND stands in the way but gritty Philippines doesn’t shiver at the thought of dealing with its multi-titled rival in its quest for a maiden trip to the Asean Mitsubishi Electric Cup finals. After posting a fighting 1-1 draw with Vietnam and semifinal-clinching 1-0 verdict over Indonesia in pool play, Filipinos feel they […]
