Solons ban GSIS, SSS, 3 gov’t firms from investing in wealth fund Senators were poised to pass the chamber’s version of the Maharlika Investment Fund (MIF) bill last night, even as they successfully introduced an amendment that explicitly prohibits government institutions from investing in the country’s proposed sovereign wealth fund. …
Read More »PH debt hits record P13.91T
The Bureau of Treasury building in Intramuros, Manila. File Photo CONTINUED borrowings and a weaker peso saw the national government’s outstanding debt rise to a new record high of P13.91 trillion in April, the Bureau of the Treasury reported on Wednesday. For the month alone, P54.24 billion was added to …
Read More »Marcos: State pensions won’t be used for Maharlika funds
PRESIDENT Ferdinand Marcos Jr. on Wednesday assured the public that the government has no intention of using state pension funds as seed funds for the proposed Maharlika Investment Fund (MIF). Marcos expressed agreement on one of the amendments to the bill that prohibits the use of funds of the Government …
Read More »SWS: 29% of Pinoys say life got better over 1 year
Twenty-nine percent of Filipino adults believed their quality of life improved compared to a year ago, results of a recent Social Weather Stations (SWS) survey showed. But 25 percent, of those surveyed said their quality of life got worse, while 46% said it was the same, resulting in a net …
Read More »Negros Oriental Gov. Carlo ‘Guido’ Reyes, who succeeded Roel Degamo, passes away
BACOLOD CITY – Negros Oriental Gov. Carlo Jorge Joan “Guido” Reyes passed away on Wednesday morning, May 31. REYES Vice Gov. Manuel Sagarbarria assumed the post of Reyes in the afternoon, hours after he passed away. Karen Lisette Molas, provincial administrator, confirmed Reyes’ death through the Facebook account of the …
Read More »Kuwait remains open on visa row, but PH must fix OFW ‘violations’
OFW PROTECTION. In this screen grab from TV Patrol, Department of Migrant Workers Secretary Susan Ople (center, in red) joins representatives of Asia-Gulf Cooperation Council (GCC) member states as she calls for a ‘bold discussion’ on the collective and shared responsibility of in promoting better migration governance on behalf of …
Read More »Saudi opens up 1m jobs for Pinoys, special hiring starts next month
Saudi Arabia will be offering at least one million jobs to Filipino workers as it competes with its Middle Eastern neighbors for skilled manpower, the Department of Migrant Workers (DMW) said Tuesday — and as neighboring Kuwait shuts its doors to Manila. DMW Secretary Susan Ople said there will be …
Read More »Former student leader confirmed killed in Northern Samar clash
TACLOBAN CITY – The 8th Infantry Division has confirmed that former Bayan-Eastern Visayas Regional Secretary General Musico Sagdullas was one of the fatalities in a clash between the 43rd Infantry Battalion and alleged members of the New People’s Army in the hinterlands of Barangay Mabini, Catarman, Northern Samar on Sunday, …
Read More »‘Scam hubs hiding under POGOs’
Senator Risa Hontiveros on Tuesday blasted the Philippine Amusement and Gaming Corporation (Pagcor) for failing to monitor companies operating under its authority that commit crimes such as human trafficking and online scams. “What is Pagcor doing?” Hontiveros said in yesterday’s hearing of her Senate committee on women. “Pagcor, as the …
Read More »Woman falls to death from 14th floor of Malate condo
A woman died after falling from the 14th floor of a condominium in Malate, Manila on Wednesday, May 31. According to Manila Police District (MPD) report, Barangay Chairwoman Divina Gracia sought assistance from the police at around 9:20 a.m. after a woman fell from the 14th floor of a condominium on Taft Avenue corner …
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