News
AMLC secures more freeze orders on suspected P11.7-B “kurakot” assets
The Anti-Money Laundering Council (AMLC), has secured more freeze orders covering around P11.7 billion worth of assets of high-ranking incumbent and former government officials and individuals allegedly involved in the scandalous flood control projects that are now under investigation. In a recent press release, the AMLC said it has secured freeze orders covering 230 bank accounts,…
SSS exec cites high resolution rate vis-à-vis public complaints
MANILA – The Social Security System (SSS) is addressing complaints they receive with about 99.3 percent resolution rate, an official said Thursday. This, after data presented by the Anti-Red Tape Authority (ARTA) during a recent budget hearing in the Senate showed that SSS is among the government agencies with most complaints in the first eight months…
Big-time diesel prices rollback anticipated next week
MANILA – Domestic diesel prices are seen to decline by as much as P3.20 per liter next week resulting from the easing worries over the Russia-Ukraine war since the US seems firm on hammering out a peace deal. Citing price movements as of Thursday, Jetti Petroleum president Leo Bellas said diesel prices may be rolled back…
S&P affirmation of PH’s credit ratings pushes PSEi, PHP up
By Joann Villanueva MANILA – S&P Global Ratings’ affirmation of its investment-grade rating for the Philippines on Thursday has benefited both the Peso and the local bourse. The credit rater, in a report, noted the slowdown in government spending due to investigations into flood control projects, but believes it is only temporary. Thus, it also maintains…
DTI optimistic about sustained exports’ growth
MANILA – Philippine exports sustained its double-digit growth in October as it recovered from the impact of United States’ trade policies. Data released lately by the Philippine Statistics Authority showed a 19.4% annual jump in exports to USD7.30 billion, against USD6.2 billion during the same period last year.In September, exports increased by 16.2 percent to USD7.25…
10K job vacancies up for grabs in Ilocos fairs from Dec. 2–11
By Hilda Austria MALASIQUI, Pangasinan – More than 10,000 job vacancies will be available for job seekers during a series of job fairs scheduled from December 2 to 11 in the Ilocos Region, according to the Department of Labor and Employment (DOLE). DOLE 1 (Ilocos Region) information officer Jenny Mapile said the events are part of…
1 missing, 58 Filipinos accounted for in massively lethal Hong Kong fire
Some 58 Filipinos residing in the razed Tai Po high-rise residential condominium buildings in Hong Kong have been confirmed safe and accounted for, the Philippine Consulate General in Hong Kong recently assured. In its latest update, the foreign service post, however, said one domestic worker is still missing while another is recuperating in a hospital….
Palace: US recruiting Filipinos to fight in Ukraine is ‘fake news’
Malacañang has dismissed as “fake news” the Russian claim that the United States is recruiting Filipinos to fight in the Ukraine war. Citing the Department of Foreign Affairs’ (DFA) statement, Palace Press Officer Claire Castro said the Ukraine Embassy has already debunked the alleged recruitment. “It is fake news, according to Ukraine Embassy,” Castro said,…
ICC rejects Duterte’s appeal for interim release
By Joyce Ann L. Rocamora MANILA – The International Criminal Court (ICC) Appeals Chamber has denied former President Rodrigo Duterte’s appeal to overturn an earlier ICC Pre-Trial Chamber I ruling, rejecting his request for interim release. In a recent public hearing, ICC Presiding Judge Luz del Carmen Ibañez Carranza said Duterte’s defense had “failed to demonstrate…
E-bikes, e-trikes ban on major roads to push through on December 1
MANILA – The implementation of the rule banning electric bicycles or e-bikes and electric tricycles or e-trikes on national highways would push through beginning Dec. 1, Land Transportation Office (LTO) chief, Assistant Secretary Markus Lacanilao, said in a press conference on Friday. “I know many would get mad, but my priority is your safety,” he said…