Landbank of the Philippines (Landbank) president and chief executive officer Lynette Ortiz has welcomed Fitch Rating Inc.’s improved outlook on Land Bank which she referred to as “ä vote of confidence for the bank’s robust financial stability and resilience to withstand external and domestic economic headwinds.” Credit ratings agency Fitch Ratings, Inc., in a report released on May…
Leaders of the country’s three most influential business groups have recognized inroads made by the government in easing price pressures. Their sighs of relief came when the Bangko Sentral ng Pilipinas (BSP) reported that headline inflation decelerated further to 6.1 percent year-on-year in May from 6.6% in April. Francis Chua, chair emeritus of the Philippine Chamber…
By Nanette Guadalquiver BACOLOD CITY – The Sugar Regulatory Administration (SRA) has urged retailers to sell refined sugar at the suggested retail price (SRP) of P85 per kilo amid reports of their retail prices of as high as P110 per kilo, especially in Metro Manila. Acting SRA Administrator Pablo Luis Azcona said since there is sufficient supply of sugar, retailers could reduce the price. “We have…
DUMAGUETE CITY – Women and gender equality are among the top issues to be discussed in the upcoming 2023 Regional Dagyaw Town Hall meeting on June 14. Department of the Interior and Local Government (DILG)-Negros Oriental provincial director Farah Diba Gentuya told media Friday in a Kapihan forum that around 1,000 participants from regional and national government agencies are…
TABACO CITY, Albay – The Department of Social Welfare and Development (DSWD) has prepared at least 3,000 tents for Albay evacuees, following the evacuation of an initial 26 families within the six-kilometer permanent danger zone of Mayon Volcano here. DSWD Bicol Regional Director Norman Laurio said the forced evacuation of 26 families from Sitio Nagsipit was facilitated by barangay…
The three railway services in Metro Manila – LRT-1, LRT-2 and MRT-3 will offer free rides to passengers on certain hours on June 12 when the Philippines celebrates its 125th Independence Day. This year’s Independence Day celebration theme is “Kalayaan, Kinabukasan, Kasaysayan” (Freedom, Future, History). The free rides will be available from 7:00 a.m. to 9:00 a.m. and from 5:00 pm.m. to 7:00…
The United States formally turned over to the Palawan provincial government a fully equipped disaster relief shelter worth P17 million built by its Naval Engineers, popularly known as Seabees. The US Embassy in Manila said Friday the facility was built by their Seabees for residents of of Luzviminda in Puerto Princesa City as part of Washington DC’s efforts to strengthen alliance and…
Economic managers of the Marcos administration project government revenues to reach P3.73 trillion in 2023 and P6.62 trillion in 2028. The projection released last Friday is higher than last year’s forecast that revenues for 2023 and 2028 would be P3.63 trillion and P6.59 trillion, respectively. “This is reflected in our strong fiscal performance for the first four months of the…
The Department of Migrant Workers (DMW) is currently in the process of signing memoranda of cooperation with several countries that are desirous to hire more Filipino healthcare and skilled workers. DMW Undersecretary for Policy and International Cooperation PY Caunan told media reporters Friday that among the countries that have expressed interest in hiring Filipino workers are Hungary, Austria and Portugal in Europe, Saudi Arabia, Oman, Qatar…
President Ferdinand R. Marcos Jr. Has committed his administration to create more and quality jobs for Filipinos, as he welcomed the drop in the country’s unemployment in April 2023. “Malaking oportunidad ito para pag-igihin pa ang paghahanap at pagbibigay ng kalidad na pagkakakitaan sa ating mga kababayan ( “This is a big opportunity to strive harder to create quality…
