“The layers of auditing are MIF’s strongest shield against irregularities. The Maharlika Investment Fund is not expected to earn an annualized return of 10 percent as its critics have demanded. Even the most successful sovereign wealth funds do not have such high yearly income. An 8.6 percent yield as estimated …
Read More »DFA confirms presence of US aircraft in PH sans handler
The Department of Foreign Affairs (DFA) on Monday confirmed the presence of a US aircraft that landed in Manila supposedly without a handler or an advisory. However, Ma. Teresita Daza, DFA spokesperson, said a “diplomatic clearance was issued to an aircraft of this type in relation to a bilateral defense …
Read More »Marcos renews call to protect environment vs. climate change
President Ferdinand R. Marcos Jr. has highlighted the importance of pursuing more environmental protection programs to beef up the country’s fight against climate change. Marcos said initiatives such as tree-planting would help mitigate the impacts on the country. “We are celebrating Arbor Day to protect the forest. Now that the …
Read More »Pres. Marcos vows support to SFRA
President Ferdinand Marcos Jr. on Sunday vowed his “unassailable commitment” to the Philippine Army’s Special Forces Regiment Airborne (SFRA), noting that the unit’s “unconventional warfare strategy has become all the more relevant and significant in view of the complex threats our nation now faces.” “We assure you of the administration’s …
Read More »Galvez reappointed as chief of OPAPRU
President Ferdinand “Bongbong” Marcos Jr. has reappointed Carlito Galvez Jr. as head of the Office of the Presidential Adviser on Peace, Reconciliation and Unity (OPAPRU). The former officer-in-charge of the Department of National Defense was in the list of new appointees released by Malacañang on Monday. Isidro Purisima reverted to …
Read More »Lawmaker files resolution to suspend Cebu Pacific franchise
Cagayan de Oro 2nd District Rep. Rufus Rodriguez filed a resolution seeking to suspend the legislative franchise of Cebu Pacific Air because of the many problems hounding the airline. Rodriguez said that “Cebu Pacific has a history of unsatisfactory service to the public.” The resolution cited complaints from passengers who …
Read More »Gadon named presidential adviser for poverty alleviation
PRESIDENT Ferdinand “Bongbong” Marcos Jr. has appointed lawyer Lorenzo “Larry” Gadon as Presidential Adviser for Poverty Alleviation, Malacañang said Monday. The Presidential Communications Office said the appointment of Gadon, who was a senatorial candidate in the 2022 elections, reflects the administration’s “commitment to address one of the most pressing challenges …
Read More »PH ready to repatriate remains of 300k WW2 Japanese soldiers
The Philippines is ready to assist Japan in repatriating the remains of Japanese soldiers who died in the country during World War II, Department of the Interior and Local Government (DILG) Secretary Benjamin Abalos Jr. said on Sunday. In a statement, Abalos said the DILG and the Department of Foreign …
Read More »Sec Remulla on 10-day wellness leave
Justice Secretary Jesus Crispin C. Remulla is on a 10-day wellness leave starting Monday, June 26. Remulla said he has designated Justice Undersecretary Raul T. Vasquez as DOJ officer-in-charge during the 10-day period. In a statement, the DOJ did not disclose the details of Remulla’s wellness leave. It merely said …
Read More »Gov’t hits ‘soft target’ of 100m registered SIMs
The Department of Information and Communications Technology (DICT) said 100.2 million SIM cards were registered as of June 22 or 59.67 percent of the 168 million subscribers nationwide. DICT Assistant Secretary for CyberSecurity and Upskilling Jeffrey Ian Dy said in a radio interview that the agency already reached its “soft …
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