The Bangko Sentral ng Pilipinas (BSP) hopes for the enactment of the proposed Anti-Financial Account Scamming Act or AFASA bill, which will allow it to examine financial accounts involved in prohibited acts. Elmore Capule, BSP senior assistant governor and general counsel of the office of the general counsel and legal services, said in a recent media information session Senator Mark Villar has expressed optimism…
SUBIC BAY FREEPORT – Businessman Eduardo Aliño officially has assumed post as Chairman and Administrator of the Subic Bay Metropolitan Authority (SBMA). In his first press conference as SBMA chief, Aliño noted the vast potential of Subic should be given priority for development. “We have so many potentials here in Subic and we may put up more hotels, more infra projects to attract more investors,” he said, adding his management…
Department of Finance Secretary Ralph Recto has assured United States officials of the Philippines’ strong commitment to roll out a welcoming “red carpet” to potential investors in the country as directed by President Ferdinand R. Marcos Jr. In a statement, the Finance department said Recto recently met with US officials led by Treasury Department Deputy Assistant Secretary for…
STAKEHOLDERS’ MEETING. Agriculture Secretary Francisco Tiu Laurel Jr. (1st row, 4th from left) and Philippine International Trading Corp. president and chief executive officer Undersecretary Emmie Liza Perez-Chiong (4th from left), and Sugar Regulatory Administrator Pablo Azcona (6th from left), with sugar industry stakeholders after a meeting at the Department of Agriculture central office in Quezon…
QUINQUENNIAL FESTIVITY. BARMM Chief Minister Ahod Ebrahim strikes the ‘gong’ on Sunday (Jan. 21, 2024), signaling the start of the regional autonomous government’s weeklong 5th foundation anniversary celebration. Regional officials have hailed the peace gains the BARMM is enjoying, as evident in the regional government’s performance in economic, social, infrastructure, peace, security, and governance. (Photo by Bangsamoro…
BAGUIO CITY – A good number of Pag-IBIG Fund members here have expressed optimism on the benefits of the planned increase in the monthly contributions starting February this year, noting its long-term impact and benefits. “I favor that because that’s a forced savings system, and it’ll be returned to us in due time. That is why I also availed of the (Modified) Pag-IBIG II…
PROJECT TURNOVER. Residents of Barangay Malitbog in Minalabac, Camarines Sur gather for a turnover ceremony of a sub-project that included a public address system, communication device, and sound system in this undated photo. The sub-project was a part of the Kapit-Bisig Laban sa Kahirapan – Comprehensive and Integrated Delivery of Social Services (KALAHI-CIDSS) program of the…
OTC chair Andy Ortega (PNA photo by Joan Bondoc) The Office of Transportation Cooperatives (OTC) has assured on Monday there would be enough public utility vehicles (PUV) operating in all routes nationwide, including those without unconsolidated jeepneys, by February 1. OTC chair Andy Ortega said replacing PUVs that failed to comply with the consolidation requirement of the government is a top priority…
Senate President Pro Tempore Loren Legarda on Monday pushed for the use of agricultural waste and overlooked resources, including “pinyapel,” a pulp paper derived from discarded pineapple leaves, to help protect the environment. Legarda led the formal opening of the four-day “Pinyapel Special Setting Exhibit” at the Senate building in Pasay City on Monday in celebration of Zero Waste Month. “It’s…
POLANGUI, Albay — Mayor Raymond Adrian Salceda of this premier municipality has ordered officials of barangays situated along the Philippine National Railways (PNR) route here to conduct information drive among railroad communities to avoid further accidents, following the death of a 21-year old man who was hit by an afternoon train Friday last week. Salceda…
