National
BSP to Bank owners: Protect depositors’ money
MANILA – Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla has urged bank owners to protect their depositors’ money, a function that constitutes their primary responsibility. In his speech during the launch of the book “Banking Laws of the Philippines – Annotated” at the Central Bank’s main office in Manila recently. Medalla underscored the need to update banking laws to…
World Bank OKs US$100-M Mindanao agri dev’t project for IPs
The World Bank has approved a US$100 million agriculture development project to help boost the livelihood of farmers and fisherfolk in indigenous cultural communities in Mindanao. Philippines. In a statement over the weekend, World Bank said the Mindanao Inclusive Agriculture Development Project (MIADP) is expected to benefit around 120,000 farmers and fisherfolk in selected ancestral domains in…
BOI: Gov’t confident to hit P1.5-trillion investment target
BALAMBAN, Cebu – The Board of Investments (BOI) has expressed confidence its P1.5 trillion investment pledges target this year will be achieved. In an interview over the weekend here, Trade Undersecretary and BOI managing head Ceferino Rodolfo said several big renewable energy (RE) projects are expected to be approved within the year. “These renewable energy projects…
National Gov’t posts 4-year high budget surplus in April
The national government posted a P66.8 billion budget surplus in April, this year, the highest recorded in four years. Bureau of Treasury (BTr) data showed that the budget surplus was significantly higher than the P4.9 billion in April last year, and was the highest recorded since the P88.87 billion in April 2019. Last month’s surplus…
PBBM forms inter-agency body on inflation, market outlook
President Ferdinand R. Marcos Jr. has ordered the creation of the Inter-Agency Committee on Inflation and Market Outlook (IAC-IMO) tasked to directly address inflation and enhance initiatives to improve the economy and the quality of life of Filipinos.
PAPI’s SEARCH FOR OUTSTANDING COURT SHERIFF BEGINS
THE CALL for nominations for the Publishers Association of the Philippines, Inc. (PAPI) Outstanding Regional Trial Court Sheriff is now open.
AUSTRALIA ANNOUNCES MARITIME COOPERATION PACKAGE FOR PH, INCREASED ODA
Australia announced Thursday a maritime cooperation initiative package for the Philippines, including technical assistance and capacity building for the Philippine Coast Guard (PCG) as well as increased Official Development Assistance (ODA) for several initiatives, including the Mindanao peace process.
REP. ALVAREZ VISITS BAUERTEK CORP., A LAB TO DEVELOP MARIJUANA TO MEDS
DAVAO del Norte’s 1st District Rep. Pantaleon D. Alvarez personally visited the now famous Bauertek Corp. that will soon process the medical cannabis or marijuana once bills on this controversial plant are enacted into law. Dr. Richard Nixon Gomez, the company’s general manager, scientist and inventor led the congressman, his wife and team in touring…
DFA: PH team headed for Kuwait over Pinoys’ entry ban
The Department of Foreign Affairs said a Philippine delegation is set to visit Kuwait this month to discuss the ban on Filipinos entering the Gulf state for the first time and the possible review of the two nations’ 2018 bilateral labor agreement. Foreign Affairs Assistant Secretary for Migrant Workers Affairs Paul Cortes said the delegation would leave Manila shortly,…
MECO: Pinoys in Taiwan well protected
Manila Economic and Cultural Office (MECO) chief, former Labor Secretary Silvestre Bello III (left) has assured the situation in Taiwan remains normal and measures are in place to protect the estimated 160,000 Filipinos on the island. Bello said despite the tensions and recent developments over the Taiwan Strait, he believes a possible confrontation between Taipei and Beijing is “very remote.” “In Taiwan,…