March 2023

Biz groups to Congress: Spend con-con budget on priority projects

SPEEDPOST2 years ago2 years ago05 mins

A number of business aggrupations has urged members of Congress and the national government to shift the budget for the proposed constitutional convention (con-con) to priority projects and measures that will better address the challenges confronting the country. In a joint statement, the Filipina CEO Circle, the Financial Executive Institute of the Philippines, Justice Reform Initiative, Makati Business Club, Philippine Women’s Economic Network,…

BSP to focus on addressing inflation as peso stabilizes

SPEEDPOST2 years ago2 years ago04 mins

Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla has said that with the peso now stabilizing against the United States dollar, they will focus their attention in addressing the elevated inflation rate, which is expected to return to within-target levels by October 2023. Addressing the recent Chamber of Thrift Banks (CTB) general membership meeting in Makati, Medalla said monetary authorities are not worried…

Australian gov’t to help PH attract more infra investments

SPEEDPOST2 years ago2 years ago04 mins

Through and under a scheme interestingly referred to as Partnerships for Infrastructure (P4I) program, the Australian government has committed to help the Philippines attract and lure investments in key infrastructure projects in the country. At the P4I launch in Pasay City last Friday, Australian Ambassador to the Philippines Hae Kyong Yu PSM said the program will provide infrastructure advisory support to the Philippine government especially in choosing what type…

P20-M solar projects to supply Lucena villagers with clean water

SPEEDPOST2 years ago2 years ago04 mins

LUCENA CITY – Residents of three villages in this city will soon enjoy a steady potable water supply from solar-powered systems worth a total of P20 million to be put up by the office of Quezon Second District Representative David Suarez. On Friday, Suarez, together with local officials, broke ground for the projects on separate occasions…

South Koreans join, enjoy Sipalay City kite festival

SPEEDPOST2 years ago2 years ago04 mins

BACOLOD CITY – A group of South Korean cultural enthusiasts have joined and enjoyed the 9th Burangoy Tourism Kite Festival of Negros Occidental province’s Sipalay City, known as the “Kite Tourism Capital of the Philippines,” which climaxes this weekend. On Friday, the festival’s open art installation was unveiled while the kite flying exhibitions also started ahead of the kite flying…

Pangasinan declares mountain village as its summer capital

SPEEDPOST2 years ago2 years ago03 mins

DAGUPAN CITY — Pangasinan has declared the mountainous village of Barangay Malico in San Nicolas town as its “Barangay Summer Capital.” This was after the Sangguniang Panlalawigan of Pangasinan approved on Monday the resolution of the Sangguniang Bayan of San Nicolas requesting for the declaration. During an out-of-town session of the provincial board, Pangasinan sixth district board member Noel Bince said…

DA-11 warns rice dealers on selling underweight bags

SPEEDPOST2 years ago2 years ago02 mins

DAVAO CITY – The Department of Agriculture in Davao Region (DA-11) has warned rice dealers suspected of selling underweight bags of rice after a complaint was filed with it. Alexander Sibuan, DA-11’s Agribusiness and Marketing Assistance Division (AMAD) officer, said they are currently monitoring and validating in the market areas of Talomo and Toril towns where some stores are suspected of manipulating the…

Manaoag town expects pilgrims influx during holy week

SPEEDPOST2 years ago2 years ago03 mins

The local government unit here is finalizing security plans and traffic schemes to ensure a peaceful and orderly observance of the Holy Week by pilgrims to the Minor Basilica of Our Lady of Rosary of Manaoag.

Legarda: Oil spill-affected communities need more support

SPEEDPOST2 years ago2 years ago03 mins

MANILA – Senate Pro Tempore Loren Legarda has appealed for more assistance for the residents affected by the recent Miindoro Oriental oil spill tragedy that has been impacted various coastal areas in Western Visayas and Mimaropa region. Legarda said support for resident of the communities affected by the oil spill is vital. She vowed to continue “pushing for the needed support for those affected by the oil spill.” Legarda’s office has partnered with the Department of…

PH, China: SCS differences to be managed thru diplomacy only

SPEEDPOST2 years ago2 years ago04 mins

The Philippines and China have agreed to manage their differences and handle emergencies on the South China Sea (SCS) through “friendly consultations,” only. The Department of Foreign Affairs (DFA), in a statement, said both sides have agreed to explore ways to advance maritime cooperation “directed at confidence-building and managing tensions” during the 7th Bilateral Consultations Mechanism (BCM) in Manila….