Lawmakers, government officials, and representatives from the big oil players are meeting today to consider ways to cushion consumers from oil price shocks, Speaker Ferdinand Martin Romualdez said Sunday. “No one is spared from the ill effects of the high cost of living due to oil price hikes. Everyone is …
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DBP remits P25B to Treasury for Maharlika Fund
The state-run Development Bank of the Philippines has remitted P25 billion to the Bureau of Treasury as its share in the initial seed capital of the country’s pioneering sovereign wealth fund. DBP President and Chief Executive Officer Michael de Jesus said the bank deposited the amount ahead of the Sept. …
Read More »Most Filipinos back legalization of medical marijuana
Majority of Filipinos favor the legalization of marijuana for therapeutic purposes, a study conducted by independent think tank Capstone-Intel Corporation showed. In the survey conducted from August 1 to 10, 2023, 63 percent of the respondents said they were in favor of legalizing medical marijuana provided its proponents “conduct more …
Read More »‘Alarming’: Rozul Reef stripped of its corals
The Armed Forces of the Philippines on Saturday reported massive coral harvesting in Rozul Reef in the West Philippine Sea where Chinese militia vessels were seen swarming. AFP Western Command head Vice Admiral Albert Carlos said the area was completely stripped of its corals. “The areas where there was swarming, …
Read More »PH agency ready to help in rescue, relief efforts in Morocco
The Office of Civil Defense (OCD) said Saturday it is prepared to help in the ongoing rescue and relief efforts in Morocco, which is reeling from the effects of a magnitude 6.8 earthquake. The earthquake destroyed many communities and killed nearly 3,000 people, reports said. “We are deeply saddened by …
Read More »US-PH militaries eye 500 bilateral activities in 2024
The Philippines and the United States militaries are planning for at least 500 bilateral engagements in 2024, the Armed Forces of the Philippines said yesterday. The AFP and the US Indo-Pacific Command reaffirmed their commitment to strengthen ties amid tensions in the Indo-Pacific region during the annual Mutual Defense Board …
Read More »Arroyo-led delegation hails Malaysia’s abolition of death penalty
A DELEGATION led by former president and Deputy House Speaker Gloria Macapagal Arroyo visited Kuala Lumpur, Malaysia, on September 13–14 to congratulate the Malaysian government for abolishing the death penalty. Arroyo was joined by former Switzerland president Ruth Dreifuss under the banner of the International Commission Against Death Penalty (ICDP), …
Read More »Marcos meets Pinoy community in Singapore
President Marcos met the Filipino community in Singapore during his surprise visit at a mall there. President Marcos meets Filipinos in Singapore (BBM Vlog Screenshot) Marcos was even mobbed while making his way out from the mall on Sunday, Sept. 17. The President arrived at Lucky Plaza Mall at around …
Read More »Shorter wait for Bar exams results this year
The Supreme Court will cut short the waiting time for the results of the Bar exams this year. Supreme Court Associate Justice Ramon Paul Hernando, 2023 Bar chairman, announced on Sunday, the first day of the Bar examinations, that his team is eyeing the release of the results of the …
Read More »Be ‘wise’ in buying fuel, DOE says as price hikes to hit P2.40/l next week
Burdened with the oil price increases for 10 consecutive weeks now? The Department of Energy has this advice: Be “wise” in buying fuel. As pump prices are expected to go up by P2.40 per liter next week –higher than the original forecast –DOE director for the oil industry management bureau …
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