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DTI: Price increases in goods not related to recent wage hikes
2022-06-07
MANILA, Philippines — The Department of Trade and Industry (DTI) clarified Tuesday that the price increases in basic goods and prime commodities, especially food products, are not linked to the recent wage hikes in several regions.
This year, fourteen regional wage boards released orders raising the minimum wage by P30 to P110 for both agricultural and non-agricultural workers.
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DTI: Price increases in goods not related to recent wage hikes
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US Deputy Secretary of State to visit PH
2022-06-06
MANILA – US Deputy Secretary of State Wendy Sherman is set to visit the Philippines to discuss bilateral relations with both incoming and outgoing Philippine government officials.
In a statement released on June 3, the Office of the Spokesperson of the US Department of State said Sherman would meet with President-elect Ferdinand Bongbong Marcos Jr. and other senior government officials ...
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US Deputy Secretary of State to visit PH
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Big-time oil price hike to take effect on June 7
2022-06-06
MANILA, Philippines — Motorists should brace for a looming big-time oil price increase on Friday, June 7, 2022.
In separate advisories on Monday, Shell, Cleanfuel, Caltex, and SeaOil said that they will increase the pump price of gasoline by P2.70 per liter and diesel by P6.55 per liter.
The said firms will likewise jack up their kerosene price by P5.45 per liter, except Cleanf...
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Big-time oil price hike to take effect on June 7
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Gov’t expert urges adoption of small nuclear reactors
2022-06-06
MANILA, Philippines — As the incoming administration of President-elect Ferdinand Marcos Jr. considers the inclusion of nuclear power in the country’s energy mix, the government’s nuclear science chief is pushing for the adoption of small modular reactors (SMRs) instead of refurbishing the mothballed Bataan Nuclear Power Plant (BNPP).
SMRs are a fraction of the size of conventional ...
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Gov’t expert urges adoption of small nuclear reactors
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DFA opens more passport appointment slots nationwide
2022-06-06
More appointment slots for processing of passports have been added to all consular offices and temporary off-site passport service (TOPS) around the country, the Department of Foreign Affairs (DFA) said.
Foreign Affairs Undersecretary Brigido Dulay said DFA Secretary Teodoro Locsin Jr. ordered the additional slots for passport processes in a bid to ease the passport backlog.
“[...
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DFA opens more passport appointment slots nationwide
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The when and how of retirement planning
2022-06-06
Financial planning involves a systematic approach to fulfill various life goals. While these goals may vary from one individual to another, retirement is one goal that is common for everyone. In India, where around 62.5% of the working population is ...
However, retirement planning is one element of financial planning that is often overlooked or put off until too late. This delay could be...
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The when and how of retirement planning
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PH rises to 33rd spot in Nikkei Asias COVID-19 recovery ranking
2022-06-06
Metro Manila (CNN Philippines, June 6) — The Philippines ranking in Nikkei Asias COVID-19 Recovery Index significantly improved in May, signaling that the country is moving closer to recovery.
The Philippines was ranked 33rd among 121 nations. It is among the two Asian nations that logged the best performances in terms of infection management, vaccine rollouts, and social mobility.
...
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PH rises to 33rd spot in Nikkei Asias COVID-19 recovery ranking
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US supports PHs protest over Chinas fishing ban in WPS
2022-06-03
Metro Manila (CNN Philippines, June 3) — The United States backed the Philippines in criticizing a unilateral seasonal fishing ban declared by China in parts of the West Philippine Sea.
The PRCs unilateral fishing moratorium in the South China Sea is inconsistent with the 2016 Arbitral Tribunal ruling and international law as reflected in #UNCLOS, US State Department spokesperson Ned Pr...
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US supports PHs protest over Chinas fishing ban in WPS
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Nuclear plant wont solve energy crisis in power hungry Philippines: AGHAM
2022-06-03
A scientist group has debunked President-elect Ferdinand Marcos Jrs claim that the moth-balled Bataan Nuclear Power Plant (BNPP) would solve the Philippines energy crisis.
In a statement on Tuesday (May 31), AGHAM-Advocates of Science and Technology said that the current energy crisis is a result of privatization and deregulation of the countrys energy facilities, which led to increased e...
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Nuclear plant wont solve energy crisis in power hungry Philippines: AGHAM
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Meralco uncertainty as rumors of DoE Secretary pick circulate
2022-06-03
Meralco [MER 362.00] [link] was recently drawn back into a zone of uncertainty after rumors circulated that President-elect Marcos was considering Rodante Marcoleta, the House deputy speaker, for a cabinet position as Secretary of the Department of Energy (DoE).
Mr. Marcoleta was elected as a party-lister, and he remains a congressman today after a failed bid to run for election to the Se...
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Meralco uncertainty as rumors of DoE Secretary pick circulate
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Price Of Commercial Gas Cylinder Reduced
2022-06-03
New Delhi: In some relief for commercial LPG users, the State-owned oil marketing companies have cut price of commercial LPG cylinders by Rs.135.
The companies had hiked price of 19 kg commercial LPG cylinders by a total of Rs.152.50 on two different dates in May last, when the price of every commercial LPG cylinder stood at Rs.2,355.50. But bucking the hiking trend, the oil marketing com...
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Price Of Commercial Gas Cylinder Reduced
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Philippines seen to grow by 6.8% this year
2022-06-03
MANILA, Philippines — New York-based GlobalSource Partners now expects the Philippines to book faster economic growth this year after emerging strongly from the pandemic-induced recession.
In a research note titled “Here Comes the Son,” GlobalSource country analysts Romeo Bernardo and Christine Tang said the think tank now expects the Philippines to register a gross domestic product...
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Philippines seen to grow by 6.8% this year
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Rice farmers in region to receive financial assistance from DA
2022-06-02
MANDAUE CITY, Philippines — Rice farmers in the region will receive financial assistance from the Department of Agriculture in Central Visayas (DA-7) next month.
DA-7 OIC Director Joel Elumba said about 93,000 farmers in the region will be receiving the cash assistance.
The majority of the beneficiaries are from Bohol province with 71,000 farmers, followed by Negros with 23,000...
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Rice farmers in region to receive financial assistance from DA
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China says it conducted readiness patrol around Taiwan
2022-06-02
BEIJING, China – The Chinese military said on Wednesday, June 1, it had conducted a combat “readiness patrol” in the seas and airspace around Taiwan in recent days, saying it was a necessary action to respond to “collusion” between Washington and Taipei.
China, which claims democratically governed Taiwan as its own territory, has stepped up its military maneuvers around the isla...
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China says it conducted readiness patrol around Taiwan
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Bank lending up 10.1%, money supply at P15.3 T in April
2022-06-02
Big banks’ outstanding loans grew by 10.1 percent year-on-year in April, a faster rate of growth compared to 8.9 percent in March as borrowers are more confident in taking out credit from financial institutions.
The Bangko Sentral ng Pilipinas (BSP) said on Tuesday, May 31, that the 44 universal and commercial banks, net of reverse repurchase (RRP) placements with the BSP, reported tota...
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Bank lending up 10.1%, money supply at P15.3 T in April
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China ships forcing PH to drop Ayungin
2022-05-31
MANILA, Philippines — Chinese coast guard and militia vessels harassed Philippine ships in back-to-back incidents in Ayungin (Second Thomas) Shoal in the West Philippine Sea in April, according to a US think tank.
The two incidents in the Philippine-occupied atoll, which took place several hours apart, were tracked by the Washington-based Asia Maritime Transparency Initiative (AMTI) of ...
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China ships forcing PH to drop Ayungin
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No China pact inked in Pacific talks
2022-05-31
SUVA, Fiji: Talks between Chinese Foreign Minister Wang Yi and officials from 10 Pacific Island nations failed to reach an agreement on a wide-ranging security deal on Monday after sharp warnings the proposed pact would push the region into Beijings orbit.
A virtual summit of leaders and foreign ministers was expected to discuss proposals to radically increase Chinas involvement in the se...
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No China pact inked in Pacific talks
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Philippine nuclear program faces brighter prospects
2022-05-30
MANILA, Philippines — Despite opposition, the countrys nuclear power program faces brighter prospects under the new administration as president-elect Ferdinand Marcos Jr. openly supports the inclusion of nuclear power in the energy mix.
The adoption of nuclear power, as well as revisiting the mothballed 620-megawatt (MW) Bataan Nuclear Power Plant (BNPP), was a campaign promise of Marco...
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Philippine nuclear program faces brighter prospects
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PRRD willing to be next admins drug czar
2022-05-30
MANILA – President Rodrigo Duterte is willing to give his successor, president-elect Ferdinand Bongbong Marcos Jr, pieces of advice, Malacañang said Friday.
This, after Marcos broached the idea of appointing Duterte as head of his administrations anti-narcotics campaign.
Duterte is ready to help the incoming administration, in case Marcos asks for his guidance, acting presiden...
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PRRD willing to be next admins drug czar
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Almost 2 million COVID-19 vaccine doses expiring by end of June – DOH
2022-05-27
MANILA, Philippines — Nearly two million COVID-19 vaccine doses are set to expire by the end of June, a health official said, adding that the Department of Health (DOH) has already sought out replacements.
“We are expecting, kung hindi ma-jab, about one, almost two million kung hindi magamit by end of June,” DOH Undersecretary Myrna Cabotaje said during Friday’s Laging Handa brief...
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Almost 2 million COVID-19 vaccine doses expiring by end of June – DOH
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Wildlife, forest crime analytic toolkit launched in Philippines
2022-05-25
MANILA, Philippines — The United Nations Office of Drugs and Crime (UNODC) has started an initiative that will analyze the countrys criminal justice mechanisms and preventive responses for addressing wildlife flora and fauna trafficking.
The environment team of the UNODC, with support from the US Embassys Office of International Narcotics and Law Enforcement Affairs (INL), formally lau...
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Wildlife, forest crime analytic toolkit launched in Philippines
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House Committee sees glaring red flags on Megaworld tax issue
2022-05-25
Metro Manila (CNN Philippines, May 24) — House ways and means committee chair Albay Rep. Joey Salceda points out glaring red flags on the tax controversy involving property giant Megaworld.
In a statement on Tuesday, the lawmaker flagged probable misfeasance and malfeasance constituting betrayal of public trust, abuse of authority and unjustified assault on the private sector and invasi...
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House Committee sees glaring red flags on Megaworld tax issue
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PH stocks index slips anew; peso maintains sideways close
2022-05-25
MANILA – Risk-off sentiments again resulted in the negative close of the Philippines main stocks gauge but the peso again finished the day sideways against the US dollar.
The Philippine Stock Exchange index (PSEi) dropped by 1.65 percent, or 110.4 points, to 6,577.45 points.
All Shares followed with a decline of 1.14 percent, or 40.81 points, to 3,550.40 points.
Most o...
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PH stocks index slips anew; peso maintains sideways close
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PH Covid-19 cases daily average for May 16-22 up by 9%
2022-05-24
MANILA – The countrys daily average of Covid-19 cases went up to 173 from May 16 to 22, or 9.9 percent higher than the previous week, the Department of Health (DOH) reported Monday.
Cases averaged 160 per day from May 9 to 15.
The latest case bulletin of the DOH show that there are 1,214 new Covid-19 cases and six verified deaths in the recent week.
For the same period...
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PH Covid-19 cases daily average for May 16-22 up by 9%
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Ukraine war, North Koreas nukes, Chinas rise: Whats on the agenda as Biden meets Quad leaders in Tokyo
2022-05-24
US President Joe Biden is scheduled to meet the leaders of India, Australia and Japan in Tokyo on Tuesday for a summit of the Quad nations.
The meeting comes at the end of Bidens first trip to Asia since becoming President, a five-day visit he began in South Korea.
The Quad, or Quadrilateral Security Dialogue, is an informal group focused on security that dates back to the early ...
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Ukraine war, North Koreas nukes, Chinas rise: Whats on the agenda as Biden meets Quad leaders in Tok
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GCash now has over 60M users, covering 83% of adult population
2022-05-24
Financial technology platform GCash said Tuesday it has achieved a milestone after it cornered a significant portion of the country’s adult population.
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In a statement, GCash said it now has over 60 million adult Filipinos using the mobile wallet.
“We have maintained a strong growth momentum with 60 million Filipinos now placing their trust in GCash. We ...
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GCash now has over 60M users, covering 83% of adult population
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7 dead, 120 rescued as fire hits vessel off Real, Quezon
2022-05-23
LUCENA CITY – Seven passengers perished when fire broke out on a vessel bound for Real, Quezon on Monday, the Philippine Coast Guard (PCG) reported.
LUCENA CITY – Seven passengers perished when fire broke out on a vessel bound for Real, Quezon on Monday, the Philippine Coast Guard (PCG) reported.
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The fatalities, aboard Vessel Mercraft 2, includ...
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7 dead, 120 rescued as fire hits vessel off Real, Quezon
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DOH: No test yet to diagnose long Covid
2022-05-23
The Department of Health (DOH) said that there is no available test yet to diagnose “long- Covid.”
The World Health Organization (WHO) defined long-Covid or post Covid-19 condition as a “constellation of long-term symptoms that some people experience after they have had Covid-19.”
“To date, there is no test to diagnose long Covid,” the DOH said in a statement on Sunda...
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DOH: No test yet to diagnose long Covid
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US CDC opens new country office in Manila
2022-05-23
MANILA — The US Centers for Disease Control and Prevention (CDC) officially opened this month a new country office in Manila as part of its commitment to strengthen and expand its existing cooperation with the Department of Health (DOH) to advance a broad range of shared health priorities, including increased health security in Asia.
The DOH and the US Department of Health and Human Ser...
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US CDC opens new country office in Manila
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DOH detects PHs first Omicron BA.4 case
2022-05-23
Metro Manila (CNN Philippines, May 21) — The Department of Health (DOH) announced on Saturday it has detected the countrys first case of the highly transmissible Omicron BA.4. subvariant.
The case involved a Filipino citizen who flew in from the Middle East on May 4. He did not show symptoms but his test on May 8 came out positive for the subvariant.
The BA.4 is seen to be a hi...
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DOH detects PHs first Omicron BA.4 case
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Burn them: Here’s what happens to expired Covid vaccines
2022-05-23
A batch of 5,395,350 Pfizer vaccines are set to expire at the end of September this year while another 4,831,560 are due to expire at the end of October.
SA’s medicines regulator, Sahpra, has approved an extension of the shelf life of the vaccines for a second time, from nine to 12 months.
Expired vaccines are treated as pharmaceutical waste and follow the same steps of disposal as any o...
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Burn them: Here’s what happens to expired Covid vaccines
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Daily average of new COVID-19 cases in Metro Manila up 19% — OCTA
2022-05-20
MANILA, Philippines — The daily average of COVID-19 cases in Metro Manila from May 13 to 19 rose by 19 percent compared to the prior week ,OCTA Research reported Friday.
OCTA Research fellow Guido David said that the seven-day average new cases in Metro Manila from May 13 to 19 rose to 71 from 59 daily average cases from May 6 to 12.
The COVID-19 reproduction number also incre...
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Daily average of new COVID-19 cases in Metro Manila up 19% — OCTA
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Philippines kicks off tightening cycle with first rate hike since 2018
2022-05-20
MANILA, Philippines – The Philippine central bank raised interest rates for the first time since 2018 on Thursday, May 19, joining peers around world in a rush to stem intensifying inflationary pressures that could derail the domestic economys recovery.
The central bank also said the strong rebound in domestic economic activity and labor market conditions during the first quarter provid...
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Philippines kicks off tightening cycle with first rate hike since 2018
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BSP hikes interest rates to 2.25% in bid to tame rising inflation
2022-05-20
Metro Manila (CNN Philippines, May 19) — The Bangko Sentral ng Pilipinas (BSP) has formally begun its tightening cycle by raising interest rates to 2.25% after a year of keeping them steady, with inflation continuing to heat up as economic recovery picks up speed.
BSP Governor Benjamin Diokno announced Thursday the Monetary Boards decision to hike rates by 25 basis points (bps) effectiv...
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BSP hikes interest rates to 2.25% in bid to tame rising inflation
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Central Visayas sees spike in dengue cases
2022-05-20
CEBU CITY — At least 31 persons died of dengue fever this year as cases of the mosquito-borne disease increased in Central Visayas, reports from the Department of Health (DOH) showed.
From January to May 7, the number of dengue cases reached 3,177, according to the DOH’s Regional Epidemiology and Surveillance Unit.
The number of dengue cases in the region this year was higher...
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Central Visayas sees spike in dengue cases
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US donates P10-M gadgets to remote schools in PH
2022-05-20
One hundred kits containing laptop computers, tablets, and pocket wifi amounting to over P10 million were donated by the United States to schools in several provinces in the country.
Through the United States Agency for International Development (USAID), the US turned over 100 school-in-a-bag kits worth over P10.4 million to the Department of Education (DepEd), the US Embassy in the Phili...
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US donates P10-M gadgets to remote schools in PH
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Record numbers of people displaced in their own countries in a world falling apart
2022-05-20
(Reuters)In a world beset by conflicts and natural disasters, the number of people who fled their homes and sought shelter within their own countries hit a record high of close to 60 million by the end of last year, according to new data.
Disasters, including weather events such as cyclones and floods in Asia as well as protracted conflicts in places like Syria, Afghanistan and Ethiopia, ...
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Record numbers of people displaced in their own countries in a world falling apart
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Bloomberry buys P7.55-B land for casino complex
2022-05-20
Leisure and gaming firm Bloomberry Resorts Corporation is acquiring 280 hectares in the Puerto Azul-Paniman area in Ternate, Cavite at a cost of P7.55 billion for development into an integrated resort and casino complex.
In a disclosure to the Philippine Stock Exchange, the firm said the acquisition will be done through newly incorporated subsidiary Solaire Entertainment Property Holdings...
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Bloomberry buys P7.55-B land for casino complex
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NASA will test female dummies in space
2022-05-20
NASAs Artemis missions, which aim to send a human crew — including a woman and a person of color — to the moon by 2025, will shoot female dummies into space first to test the effects of radiation on them.
Why it matters: Artemis is a prelude to sending human astronauts to Mars, NASA says, and women appear to be at a greater risk of suffering from the harmful effects of space radiation...
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NASA will test female dummies in space
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DOJ sets filing criminal charges in court vs 7 law enforcers in 2021 QC misencounter
2022-05-19
The Department of Justice (DOJ) has approved the filing of criminal charges in court against three Philippine Drug Enforcement Agency (PDEA) agents and four members of the Philippine National Police (PNP) in the Feb. 24, 2021 “misencounter” in Quezon City where three law enforcers died.
In a statement, the DOJ said its panel of prosecutors issued a resolution last May 2 approving the ...
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DOJ sets filing criminal charges in court vs 7 law enforcers in 2021 QC misencounter
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SEA Games: Pinay archers deliver recurve gold
2022-05-18
Filipina archers secured another gold medal for the country on Wednesday, beating Vietnam in the womens team recurve event at the Hanoi National Sport Training Center.
The team of Pia Bidaure, Abby Bidaure, and Phoebe Amistoso stunned the host nation, 5-4, in the final for the Philippines first gold medal of the day.
It was also the first gold medal in archery for the Philippines...
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Pia Bidaure, Abby Bidaure, and Phoebe Amistoso won gold in womens recurve in the 31st SEA Games in H
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DOH-6 confirms recovery of 2 of 3 Omicron subvariant patients
2022-05-18
ILOILO CITY – Two of the three confirmed cases of Omicron subvariant BA.2.12.1 in Western Visayas have already recovered while the other one remains in a hospital in Iloilo City, the Department of Health Western Visayas Center for Health Development (DOH WV CHD) said in a statement on Tuesday.
All senior citizens and fully vaccinated, two are male local cases and one female returning ov...
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DOH-6 confirms recovery of 2 of 3 Omicron subvariant patients
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BIR schedules closure of Megaworld, then puts it on hold
2022-05-18
MANILA, Philippines – The Bureau of Internal Revenue (BIR) was supposed to padlock Andrew Tans Megaworld Corporation on Wednesday, May 18, but held off on the order only hours after informing the media.
On Tuesday, May 17, the BIR issued a media advisory stating that it would issue a closure order against Megaworld at the property giants main office in Bonifacio Global City. Deputy Comm...
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The Bureau of Internal Revenue and Megaworld Corporation have yet to give details of the property de
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Economists predict big rate hike for South Africa this week – heres what to expect
2022-05-18
The South African Reserve Banks (SARB) Monetary Policy Committee (MPC) is set to increase the repo rate this week – with consensus among most analysts and economists that the hike will be larger than at previous meetings.
The MPC will sit for its May meeting from 17 May, with an announcement expected on Thursday (19 May).
A Reuters poll on Friday showed that a majority (16 out ...
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Economists predict big rate hike for South Africa this week – heres what to expect
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Huge pressure for Shanghai to stay COVID-free as end to lockdown looms
2022-05-18
SHANGHAI/BEIJING, May 18 (Reuters) - Health authorities in Shanghai faced huge pressure to keep Chinas most populous city free of COVID-19 as residents were counting down the days until June 1 and the end of their lockdown after almost two months of isolation.
The commercial hub of 25 million achieved a fourth consecutive day without any new infections in the community, holding on to its ...
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Huge pressure for Shanghai to stay COVID-free as end to lockdown looms
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NBOC done with all but 1 of 173 certificates of canvass
2022-05-17
MANILA – A week after the May 9 national and local elections, the Commission on Elections (Comelec), sitting as the National Board of Canvassers (NBOC), has canvassed 172 out of 173 Certificates of Canvass (COCs) from local and overseas voting.
Commissioner George Garcia said in a press briefing on Monday that the only one left is the COC of Lanao del Sur, where 47 clustered precincts i...
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NBOC done with all but 1 of 173 certificates of canvass
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LTFRB to re-open appointment schedule for TNVS application
2022-05-17
Metro Manila (CNN Philippines, May 16) — The Land Transportation Franchising and Regulatory Board (LTFRB) has announced that it will re-open the appointment schedule for transport network vehicle service (TNVS) applications for a month starting May 17.
The LTFRB said it will accept 200 applicants per day, with each applicant only allowed one unit to be used as a TNVS vehicle.
O...
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LTFRB to re-open appointment schedule for TNVS application
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North Korea mobilizes army, steps up tracing amid COVID-19 wave
2022-05-17
North Korea mobilizes army, steps up tracing amid COVID-19 wave
People wearing protective face masks commute amid concerns over the new coronavirus disease (COVID-19) in Pyongyang, North Korea March 30, 2020, in this photo released by Kyodo. Picture taken March 30, 2020. Mandatory credit Kyodo/via REUTERS
SEOUL — North Korea has mobilized its military to distribute COVID medications...
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North Korea mobilizes army, steps up tracing amid COVID-19 wave
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California church shooter was motivated by hate, politics
2022-05-17
The man who killed a doctor and injured five others at a California Taiwanese church shooting at the weekend was a U.S. citizen born in China who hated Taiwan and drove from Las Vegas heavily armed for the attack, officials said on Monday, May 16.
The suspect, David Chou, 68, chained the doors and placed glue in the locks at Geneva Presbyterian Church in the city of Laguna Woods before op...
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California church shooter was motivated by hate, politics
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DOH logs 1,118 new COVID-19 cases on May 9 to 15
2022-05-17
Metro Manila (CNN Philippines, May 16) — The Department of Health (DOH) reported 1,118 new COVID-19 infections in the week of May 9 to 15.
According to its weekly bulletin posted on Monday, the DOH said the daily average of that week was 160, which is 0.3% lower than the previous week. Of the new cases, 14 were severe and critical.
The agency also logged 16 new fatalities — 1...
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The Department of Health (DOH) reported 1,118 new COVID-19 infections in the week of May 9 to 15.
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