Newly appointed Defense chief Gilbert Teodoro said the Philippines is not a pawn in the geopolitical maneuvering in the South China Sea. Reacting to Chinese criticism of recent moves by the administration, Teodoro said the Philippines should not be questioned in its initiatives to bolster its defensive capabilities. “Just like …
Read More »‘Don’t tamper with Maharlika’
Senators warn economic team vs. changing provisions in IRR Senators vowed to keep a keen eye on economic managers crafting the implementing rules and regulations (IRR) of the Maharlika Investment Fund (MIF) bill once it is enacted into law and warned of “criminal consequences” if the Congress-approved measure is tampered …
Read More »Pimentel: Bring back ‘hastily approved’ Maharlika bill to plenary for reconsideration
SENATE Minority Leader Aquilino “Koko” Pimentel 3rd said Congress can fix some errors in the “hastily-approved” Maharlika Investment Fund (MIF) bill by recalling its approval and bringing it back to the plenary for reconsideration. The senator was referring to what he described as “glaring errors and discrepancies” in the MIF …
Read More »Duterte calls to ‘capacitate Filipino women’
Vice President Sara Duterte said Thursday that now is the best time to work together and “capacitate Filipino women” in the Philippines. Duterte’s realization came as she lauded a women’s group for managing to overcome challenges of digitalization and becoming a valuable partner of the national government in finding ways for …
Read More »P141B needed for NAIA upgrade, says Transport official
ROUGHLY P141 billion is needed to upgrade and fully develop the Ninoy Aquino International Airport (NAIA). This is included in the terms and conditions that the Department of Transportation (DOTr) and the Manila International Airport Authority (MIAA) prepared and submitted to the National Economic Development Authority (NEDA) for the proposed …
Read More »LGUs near Mayon brace for sudden evacuation
Local government units near Mayon Volcano are prepared in case of a sudden evacuation, and the Office of Civil Defense said it is ready in case the situation worsens, a spokesman said Wednesday. This developed as the Philippine Institute of Volcanology and Seismology observed active degassing at the main crater …
Read More »Philippines on alert as volcano spews ash
Philippine scientists said that a “hazardous eruption” of a volcano in the archipelago could be days or weeks away, and urged the evacuation of nearby residents from their homes. Hundreds of families living around Mount Mayon in central Albay province are expected to be moved to safer areas after the …
Read More »20 farmers in Nueva Ecija withdraw support to NPA
Photo Credit: PNA CITY of San Fernando, Pampanga – Twenty members of a farmer’s group withdrew their support to the New People’s Army on Tuesday, June 6. The Police Regional Office-3 said the intensified intelligence-driven operation of the Regional Mobile Force Battalion 3 led by acting force commander Police Lt. …
Read More »Who really owns key Canadian assets? Regulators aren’t sure but they want to find out
The financial fallout from Russia’s invasion of Ukraine hit home a long-standing problem in Canada, according to internal government documents: regulators don’t have basic information about who really owns key companies and assets. Transparency advocates say authorities long turned a blind eye to shady money, but change may be coming. …
Read More »Bank of Canada hikes interest rate again — and there may be more to come
The Bank of Canada decided to raise its benchmark interest rate to 4.75 per cent on Wednesday. Speculation had grown that central bank would raise its benchmark rate. Latest Big Banks have all moved to match rate hike, moving prime to 6.95% The Bank of Canada decided to raise its …
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