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Baltimore Bridge collapse: Police had about 90 seconds to stop traffic before bridge fell
BALTIMORE — It was the middle of the night when a dispatcher’s warning crackled over the radio: A massive cargo ship had lost its steering capabilities and was heading toward the Francis Scott Key Bridge. Within about 90 seconds, police officers who happened to be nearby responded that they managed to stop vehicle traffic over.....»»
Cebu-Negros bridge iduso kang Bongbong
Cebu-Negros bridge iduso kang Bongbong.....»»
BBM okay sought for bridge linking Negros, Cebu, Bohol
BBM okay sought for bridge linking Negros, Cebu, Bohol.....»»
Mayor Chan inspects construction of Pangan-an bridge
LAPU-LAPU CITY, Cebu — Mayor Junard “Ahong” Chan of Lapu-Lapu City led an ocular inspection for the construction of a bridge linking the islet barangay of Pangan-an to mainland Olango Island. Accompanied by representatives from the Department of Public Works and Highways (DPWH), City Engineering Office, Department of Environment and Natural Resources (DENR), City Planning.....»»
Lapu-Lapu accident: Rider dies after his motorcycle slams into parked truck
LAPU-LAPU CITY, Cebu— A 29-year-old motorist died after his motorcycle crashed into a dump truck on Tuesday, around 4:00 a.m., at the Marcelo Fernan Bridge in Barangay Pusok, Lapu-Lapu City. The motorcycle rider was identified as Randelo Escario Tayo, a resident of Kodia, Madredijos town in Bantayan Island. READ: Lapu-Lapu accident: 2 dead after motorcycle.....»»
Gwen orders to halt Cebu BRT construction in heritage buffer zones
CEBU CITY, Philippines — Gov. Gwendolyn Garcia has ordered proponents of the Cebu Bus Rapid Transit (BRT) to halt civil works near Fuente Osmeña and the Capitol building for heritage protection purposes. Garcia has issued a memorandum, addressed to the Cebu BRT Team and the contractor, Hunan Road and Bridge Construction Group Ltd., to cease.....»»
Cebu Daily Newscast: Troubled man pulls out knife inside modern jeep, scares passengers, gets arrested
Troubled man pulls out knife inside modern jeep, scares passengers, gets arrested A 46-year-old man, who said he was tired of his life for not having found a wife, caused panic to passengers of a modern jeepney in Mandaue City after he pulled a kitchen knife while they were traveling along the Marcelo Fernan Bridge.....»»
Metro Pacific plans to extend Cebu-Cordova expressway
The Metro Pacific Group plans to extend the Cebu-Cordova Link Expressway at both ends of the bridge to provide direct access to Cebu City and the airport......»»
CCLEX to Put Up Cruise Ship-like Dining Destination at Cebu’s Third Bridge to Attract More Tourists
The popular and iconic Cebu Cordova Link Expressway (CCLEX) or Cebu’s third bridge, will add a “cruise ship” to its attraction. It will not be a real cruise ship though, but a building that will look like a three-deck cruise ship that will become a “dining destination” and not just an ordinary toll service facility […].....»»
2GO ready for holiday load
2GO, the Philippines’ largest transportation and logistics solutions provider and part of SM Investments Corporation, has strategically prepared major hubs outside Metro Manila to meet the rising holiday season demand for cargo and delivery movements. This strategic endeavor aligns with 2GO’s dedication to advancing local business and catalyzing industries while optimizing operational efficiency and service excellence for its clients. “As the country’s largest logistics service provider, we embrace the philosophy of readiness regardless of season. Anticipating the increase in logistics movement during this joyous time of year, we consistently invest in supply chain preparedness by establishing a foothold in our hubs and maintaining a capable workforce. We prioritize customer satisfaction and continue to deliver on our commitments to our customers and partners, ensuring success regardless of the season,” said Frederic C. DyBuncio, president and CEO of 2GO. 2GO is dedicated to fortifying its network of strategic hubs across key cities in Luzon, Visayas and Mindanao. The company’s logistical product portfolio was made to serve a purpose to a diverse client base. In addition to the service portfolio is the LCL shipside services, a tailored service representing an expedited Less than Container-Load offering. This pioneering solution is operational in its Manila, Cebu, Iloilo, Zamboanga and Cagayan de Oro hubs. LCL services continue to be offered in 2GO’s network of 17 vital ports of call, which serve as pivotal gateways for both dry goods and temperature-controlled cargo. Its clientele includes top domestic and international FMCGs, manufacturers, distributors, industrials and agricultural businesses, covering a wide range of industries across the nation. With LCL, 2GO extends logistics support to MSMEs and entrepreneurs, ensuring that businesses of all sizes benefit from our comprehensive solutions. 2GO visited Clark and Subic in Central Luzon, Cebu City in Central Visayas and Cagayan de Oro in Northern Mindanao, to strengthen main trade hubs across the country that serve as central points for consolidating and distributing goods. Building its presence in these strategic locations allows 2GO to move deliveries faster for industries, businesses and for personal deliveries. Faye Alonzo, business unit head for Express and Forwarding, shares that “2GO has embarked on a proactive initiative to collaborate with key stakeholders in important logistical regions across the Philippines. Reinforcing our presence in major gateways not only provides us with efficient forwarding and cargo services but helps our partners and clients increase market reach, find more opportunities, and bridge logistical requirements.” 2GO’s comprehensive logistics services include transport via cargo forwarding via air, land and sea to key strategic hubs nationwide to ensure efficient service coverage. Actively serving over 33,000 barangays, 2GO offers logistics solutions to a wide range of businesses and communities throughout the country. The post 2GO ready for holiday load appeared first on Daily Tribune......»»
Uy resort units chart recovery
Subsidiaries of Davao businessmen Dennis Uy resort developer PH Resorts Group Holdings Inc. said it has restructured its indebtedness with China Banking Corp., or Chinabank. The debts were streamlined through the execution of agreements for the sale, leaseback, with option to buyback certain land and improvements of its subsidiaries. The restructuring covers the property of the subsidiaries in Lapu-Lapu City, Mactan, Cebu, with an area of approximately 12.5 hectares, plus improvements. The consideration for the investment and resulting percentage of ownership are still subject to final negotiations by the Parties, which are expected to be completed within 60 days, based on the MoU. P3.1-B bridge loan The restructuring also allows the subsidiaries to repay the P3.1-billion bridge loan facility extended by Chinabank in 2018, while, at the same time, grants them continued possession and use over the property to finish the construction and development of the Emerald Bay Project. In addition, the option to buy back of the restructuring allows the subsidiaries or its nominees to reacquire the properties. Lapulapu Leisure Inc. and Lapulapu Land Corp., the two units of Resorts Group Holdings also signed a memorandum of understanding with Cebu-based property developer AppleOne Properties Inc. The MoU establishes broad parameters whereby AppleOne can make an investment in the subsidiaries, with the intention of obtaining most of the equity interest in the subsidiaries, or an asset purchase of the land and improvements of the Emerald Bay Project. The post Uy resort units chart recovery appeared first on Daily Tribune......»»
New Cebu International Container Port seen
The Department of Transportation on Tuesday announced that the construction of the New Cebu International Container Port is expected to start within the third quarter of the year. According to DoTr Undersecretary Elmer Sarmiento, the project’s funder — Export-Import Bank of Korea — has granted the renewal of the loan of P10.45 billion, adding that the procurement for the project has been delayed by the coronavirus disease pandemic. Sarmiento said that the agency is hoping to award the civil works contract within the third quarter. The groundwork should have originally started in August 2022. The civil works was bid out in 2022 and won by a Korean firm. He added that the KEXIM has approved the proposed changes and DoTr is now awaiting the special allotment release order. Sarmiento explained that the project has two approaches — civil works which will be funded by official development assistance from KEXIM — and the purchase of quay cranes will be under public-private partnership. The NCICP will be built on a 25-hectare reclaimed area in Tayud, Consolacion, Cebu and will be connected to the mainland by a 300-meter offshore bridge. It will have a berthing facility with a 500-meter-long quay wall that can simultaneously accommodate two 2,000 twenty-foot equipment unit vessels, operating facilities and structures for containers such as a freight station and an inspection shed, an access road and bridge, and a dredged waterway and turning basin. It will be equipped with four quay cranes. A counterpart funding will be financed by Philippine government of P1.28 billion. In 2016, the NCICP was approved by NEDA Board and the signed loan agreement then with KEXIM pegged at $172.64 million. NCICP is seen as the long-term solution to growing volumes handled by the Cebu International Port in Cebu City. The post New Cebu International Container Port seen appeared first on Daily Tribune......»»
Bring public health services closer
“Health is the greatest of human blessings,” according to Hippocrates, father of Modern Medicine. That is why we continue to make significant strides in improving our health system. The latest of which is the signing into law of the Regional Specialty Centers Act. As the principal sponsor and one of the authors of this measure, I am grateful to President Ferdinand Marcos, Jr., for approving and prioritizing this legislation which will help bring specialized medical care closer to Filipinos in various regions, and hopefully to the most vulnerable groups in grassroots communities. As we aim to make public health more accessible, we must continue such efforts to ensure all Filipinos get the healthcare they deserve. In line with this, the Malasakit Centers we initiated in 2018 have already provided financial medical assistance to more than seven million patients so far. There are 158 Malasakit centers established all over the country through the Malasakit Centers Act of 2019, which I principally authored and sponsored in the Senate. I have also continuously pushed for the establishment of Super Health Centers, which are medium versions of a polyclinic and improved versions of the rural health unit, to make healthcare more accessible to Filipinos even in remote areas. These centers, funded with the help of my fellow legislators and primarily implemented by the Department of Health, shall provide primary health care services in communities that also include consultation, diagnosis, and early detection of diseases. As chair of the Senate Health Committee, I must emphasize the need to bring public health services closer to the people who need them the most. The enactment of the Regional Specialty Centers Act, along with the continuing operations of Malasakit Centers and the establishment of more Super Health Centers nationwide will hopefully bridge this gap and further promote the health and well-being of Filipinos no matter where they are in the country. As a legislator and public servant, I will continue to help improve public service delivery at the grassroots to the best of my capacity so that no Filipino is neglected when it comes to availing government services they need. That is why aside from the health initiatives mentioned above, I also continue to visit communities to deliver assistance, listen to their concerns, and provide solutions to their daily struggles. We were in Laguna on August 25 to inspect the Siniloan Sports Complex which was funded through our efforts as part of our goal as chairperson of the Senate Committee on Sports to promote grassroots sports development and divert our youth from harmful vices like illegal drugs. We then inspected the Isolation Facility of the Infirmary Hospital which we supported during the Duterte administration. We also led the distribution of aid to 500 impoverished residents of Siniloan together with Vice Governor Karen Agapay, Mayor Patrick Go, Vice Mayor Carla Valderrama, and other local officials. Last weekend, I also joined fellow officials and basketball enthusiasts alike in supporting Gilas Pilipinas during the 2023 FIBA World Cup. I commend everyone who took part in ensuring the successful hosting of the FIBA World Cup here in the Philippines. We were invited as a guest speaker on 24 August at the Gender and Development Activity organized by the Provincial Council of Occidental Mindoro. We support these kinds of discussions that aim to promote equal and gender-sensitive leadership. On 23 August, I received the prestigious Apostle Arsenio Ferriol Award of Excellence for Public Service and Governance. I want to express my sincere gratitude to the Pentecostal Missionary Church of Christ (4th Watch) for this very prestigious recognition. With or without an award, I will continue my mission to serve fellow Filipinos, knowing very well that service to the people is service to God. Aside from the awarding ceremony, I also joined them yesterday for their 50th Golden Church Anniversary celebration in New Clark City, Tarlac. I also visited Navotas City on 22 August, together with Mayor John Rey Tiangco and Vice Mayor Tito Sanchez to help 1,000 senior citizens, PWDs, and indigents. We also provided additional support to 1,328 recovering fire victims who were given aid from the National Housing Authority to buy housing materials through their Emergency Housing Assistance Program that we initiated before and continue to support its implementation now. We were also instrumental in the construction of nine public school buildings in Navotas City, some of which we were able to inspect during our visit. My office also continues to assist Filipinos affected by calamities. Among those assisted were typhoon victims in various towns in Cagayan — 500 in Gonzaga; 500 residents in Aparri; 500 in Allacapan; 500 in Pamplona; 500 in Ballesteros; and 500 more in Caoayan, Ilocos Sur. More support was also provided for 35 indigents from different towns of Cotabato Province plus 110 sectoral members in Libungan town; three fire victims of Brgy. Peñaplata in Samal Island; 1,000 residents of Sibalom and almost 250 in Tobias Fornier in Antique; 1,000 beneficiaries in Polomolok, South Cotabato; 66 residents of Malolos Bulacan; 31 residents of General Tinio and 140 more in Gapan, Nueva Ecija. We also extended livelihood support to 14 indigents in Cauayan, Negros Occidental; three farmers in San Lorenzo, Guimaras; and 52 residents of Brgy. Tisa, Cebu City who were previously victims of a fire incident. They were also provided aid through DTI’s Pangkabuhayan sa Pagbangon at Ginhawa (PPG) program, which I pushed for before and continue to support now to boost the livelihood of those affected by various crises. Furthermore, I am also thankful to the President for signing the following into law: Republic Act No. 11961, which I co-authored, amending the National Cultural Heritage Act of 2009, and mandates the creation of a Philippine Registry of Heritage; RA 11958, which I co-authored, that amends RA 6948 to rationalize the disability pension provided to military veterans; and the One Town, One Product Philippines Program, which I authored and co-sponsored, to support the growth of the country’s micro, small, and medium enterprises. While we have accomplished a lot in the past few days in helping those in need and pushing for policies that would uplift the lives of fellow Filipinos, our work must not stop as long as there are more of our kababayans who rely on us for support. As public servants, let us continue to bring the government and its services closer to the people while working together so that no one is left behind toward recovery and progress. The post Bring public health services closer appeared first on Daily Tribune......»»
‘Art you can carry’
This is what homegrown brand FINO Leatherware calls its first collaborative artist-led project featuring the works of Kara Pangilinan. [gallery columns="2" size="full" ids="172271,172272"] Kara Pangilinan at work. [gallery columns="2" size="full" ids="172270,172273"] FINO Leatherware has always grounded its brand philosophy on Filipino artistry. FINO x KARA is a one-off collection of bags that features the artist’s hand paintings, dated and signed, and accompanied by a certificate of authentication. The 30-piece series is an ode to heritage with Pangilinan expressing the themes of local flora and fauna alongside the Filipina’s evolved identity. Slender palm fronds, gumamela and sampaguita flowers emerge from the bags’ panels, the leather’s varying colors from bright red to pastel hues setting off Pangilinan’s black and white strokes. The artist’s portraits of womenin traditional garb bridge generations, with one in particular revealing the gaze of a strong, modern Filipina. Since its founding back in 1992, FINO Leatherware has always grounded its brand philosophy on Filipino artistry, from the craftsmen to the creatives who’ve conceptualized collections. Its most recent campaigns paid tribute to Filipino culture, to include a wrist purse called Sipa, which is inspired by a local game, the Vinta bags and clutches that evoke the sailing tradition of Mindanao, and the Puso bags which takes its shape from a staple of Cebu’s street food — rice wrapped in banana leaves. Pangilinan was a student of architecture at the University of the Philippines when she began to try her hand at art. After earning her degree, she worked in an architectural firm for a few months before deciding on becoming a full-time artist. Murals and commercial works for brands such as Heineken, Globe and YouTube defined the early phase of Pangilinan’s journey. Simultaneously, she was developing a more personal practice, exploring various thematic concepts and her favored medium at that time, ink on paper. In the years that followed, Pangilinan diversified into acrylic painting to exploit the full color spectrum of the medium. For her collaboration with FINO, however, the artist returns to the palette that has defined the early phase of her career. The collection is introduced by none other than Miss Philippines Universe 2020 first runner-up Bella Ysmael, who epitomizes FINO’s ideal Filipina. She graces the FINO x KARA campaign which announces the release of the collection, available by the end of September in FINO’s flagship store in Rockwell’s Power Plant Mall. [gallery columns="2" size="full" ids="172279,172280"] “Having Bella on board was important for us,” says FINO co-founder Rose Ann Bautista. “We wanted the right woman to represent not just the new collection, but our new direction as well.” The post ‘Art you can carry’ appeared first on Daily Tribune......»»
Aboitiz Group furthers ‘Great Transformation’ into 2023
The Aboitiz Group has seen exceptional performance in the first half of 2023, showcasing its "Great Transformation" into the Philippines’ first techglomerate. Leveraging innovation as well as synergies across its diverse business portfolio, the group has solidified its position as a trailblazer of industry. With a strong foundation in place, the Aboitiz Group eagerly sets its sights on forthcoming projects that promise further success and innovation. AboitizPower. The Aboitiz Group’s holdings in power generation and distribution, AboitizPower, continues to support the country’s energy transition and socioeconomic development with its diverse portfolio of thermal and renewable energy power plants, as well as internationally certified asset management capabilities from its distribution utilities. With close to 1,000 megawatts (MW) of ongoing and disclosed energy projects, it is en route to accomplishing its 10-year growth strategy of having at least 9,200 MW in its generation portfolio equally split between RE and thermal sources of energy by the next decade. This journey includes the development of the 17 MW Tiwi Binary Geothermal Power Plant, the 94 MW Cayanga-Bugallon solar facility, and the 167 MW Laoag solar facility. AboitizPower is also looking to begin the construction of its Calatrava Solar project and Olongapo Solar project within the year. These RE investments are complemented by other developments in Battery Energy Storage Systems, like the SN Aboitiz Power 24 MW Magat Battery in Isabela, which — much like the commercially operational 49 MW Maco Battery in Davao de Oro — will help provide regulating and contingency reserve power to the country’s grids. Subsidiaries. Meanwhile, subsidiaries Davao Light and Power Company, Visayan Electric Company, Cotabato Light and Power Company and Subic EnerZone Corporation were the first power DUs in the Philippines to be certified with an ISO 55001:2014 certification for Asset Management, an international standard that attests to the efficiency of how they manage the lifecycle of their assets, i.e., power lines, transformers and substations. This validates the reliability of their services and strengthens the uninterrupted provision of electricity in their respective service areas. Efficient asset management is essential for DUs to successfully manage their infrastructure and optimize maintenance and costs, thereby ensuring regulatory compliance and a reliable bridge between transmission lines and businesses, communities and homes. UnionBank. Union Bank of the Philippines continues on its trajectory of becoming a Great Retail Bank as it has consistently been recognized as one of Asia’s leading companies. Among the many recognitions for the 1st half of 2023 that UnionBank has reaped are: Best Retail Bank in Southeast Asia (Cfi.co), 4-time Best Retail Bank in the PH (The Asian Banker) and 6-time Digital Bank of the Year PH (The Asset). In line with its nation-building “Tech-UP Pilipinas” advocacy, UnionBank’s strategic partnerships have been focused on digitization as an essential element for client success. UnionBank’s determination to be an enabler of the Philippines’ bid to be a G20 country by 2050 is apparent as it continues to nurture and grow its diverse client portfolio that includes corporate, MSME, high net worth as well as local and national government entities. As a recognized trailblazer that embraces technological innovations that empower its customers, UnionBank together with its digital banking arm UnionDigital Bank (UnionDigital), fintech arm UBX and thrift arm City Savings Bank (CitySavings) showcased its expertise in artificial intelligence at the first AI Summit PH 2023 last May. The first half of the year also saw UnionBank’s commitment to offering clients amazing and exclusive experiences through partnerships with Live Nation (for world-tour concerts) and GMG productions (for the Hamilton musical). “The investments we made last year have exceeded our expectations. UnionDigital is already profitable after less than a year in operation. There is strong momentum in the acquired credit cards business from Citi. New-to-bank card customers are at a record level. We are geared up to grow our retail banking business. Our infrastructure is ready for scale. We have sufficient capital coming from the recent stock rights offering to further grow our earning asset capital base,” said UnionBank president and CEO Edwin R. Bautista. Aboitiz InfraCapital. Aboitiz InfraCapital remains on track with its purpose of enabling businesses and uplifting communities. AIC Economic Estates maintains its position as the leader in industrial-anchored mixed-use development nationwide, with the largest footprint of developed industrial estates as well as the single largest privately owned industrial estate in Lipa-Malvar, Batangas– LIMA Estate. 2023 marked LIMA Estate’s 25th anniversary, as well as the 30th year of West Cebu Estate in Cebu. These estates are undergoing industrial and commercial expansion to accommodate more locators and create approximately 90,000 employment opportunities. Water business. For AIC’s water business units, Apo Agua can now produce safe and reliable water for the Davao City Water District’s water reservoirs. Apo Agua’s laboratory has also obtained accreditation for drinking water analysis from the Department of Health. AIC's LIMA Water, on the other hand, continues to operationally benefit from its SMART Water Network, leading to reduced fuel consumption and high facility uptime. Digital infrastructure. In the digital infrastructure landscape, Unity Digital Infrastructure completed the first closing of a total of 250 sites from its acquisition of over 1,000 telecom towers from Smart-PLDT and Globe Telecom. Additionally, Unity marked a major milestone by successfully co-locating three Mobile Network Operator tenants (Globe, Smart and DITO) in one of its towers in Cebu. The three-tenant tower is the first in the Philippines and showcases the effectiveness of the shared tower model in support of the government's drive to improve digital connectivity through the common tower initiative. Mactan-Cebu International Airport. Mactan-Cebu International Airport surpassed expectations with significant growth in passenger traffic, peaking at around 5 million passengers in the first half of this year, more than double the previous year. The resumption of major international routes, such as Shanghai and Taipei, and improved aircraft availability are expected to further boost traffic in the second half of the year. MCIA's excellence in promoting the airport and in ensuring customer experience was also recognized, as it received the Routes Asia 2023 Marketing Award in the 5 million category and became the first airport in the Philippines to be accredited by the Airports Council International for its Airport Customer Experience. The post Aboitiz Group furthers ‘Great Transformation’ into 2023 appeared first on Daily Tribune......»»
NMP Cebu seen luring in tourists
The newly-inaugurated National Museum of the Philippines in Cebu City is expected to draw additional tourists and tourism development to the province and to the Visayas region, as well as open the doors to a temple of history and culture, said Tourism Secretary Christina Garcia Frasco. “With the newly-inaugurated National Museum of the Philippines in Cebu, the cradle of Christianity in the Philippines, we open the doors to a temple of history and culture, inviting tourists — local and international alike to witness the archaeological and natural wonders and rich culture and artistry of this side of the country. The NMP-Cebu is not just a museum but a bridge to our past and a window into our future, highlighting the commonalities and strengths of our identity as Cebuanos and as Filipinos,” said Frasco during the museum’s opening last Friday. No less than President Ferdinand Marcos Jr. and First Lady Liza-Marcos inaugurated the NMP-Cebu together with Frasco, NMP Chairperson Andoni Aboitiz, NMP director general Jeremy Barnes, Cebu Governor Gwendolyn Garcia and Cebu City Mayor Michael Rama. “The opening of the largest National Museum of the Philippines in Visayas will not only provide tourism gains in the province of Cebu but in the entire region. Needless to say, the museum will be a substantial addition to the plethora of offerings of Cebu providing a new reason to love and visit Cebu, and Central Visayas,” added the tourism chief. The DoT, through its infrastructure arm, the Tourism Infrastructure and Enterprise Zone Authority backed the restoration and conversion efforts of the NMP-Cebu in the four-year journey it took to its present state. Meanwhile, in his speech, President Marcos emphasized that the conversion of the landmark into an NMP-managed property is in line with the national government’s agenda to promote tourism and nurture the Philippines’ national identity. “I am delighted to be with you today at the inauguration of the National Museum of the Philippines in Cebu City. It is a milestone not only for the Queen City of the South and the whole province of Cebu but for the entire country as the opening of this museum brings to the fore our rich, natural cultural, and artistic treasures,” the President said in an address. Situated at the heart of Cebu City’s shipping capital, the building of the now NMP-Cebu was once the Cebu Customs House built in 1910 which was part of the grand design for Cebu created by American architect William Edward Parsons, to facilitate trade between the island and other neighboring communities. The landmark has withstood the test of time for 94 years, including the destructive Second World War. It was during the time of former President Gloria Macapagal-Arroyo that it was converted into “Malacañang sa Sugbo” in 2004, which served as the official residence of a Philippine president in Cebu. The move was also a testament to the province’s contribution to the country as a frontier of national progress. But the cultural treasure was not spared from the deadly 15 October 2013 earthquake when it was one of the 25 public and private structures in Cebu City that sustained extensive damage prompting authorities to close it for safety. The post NMP Cebu seen luring in tourists appeared first on Daily Tribune......»»
2nd State of the Nation Address
Anti-inflation measures Crafting of Medium-Term Fiscal Framework supported by Congress Implementation of strategies to capacitate economic sectors Results (1) 7.6 percent growth in 2022 — highest rate in 46 years. (2) January to March 2023 — 6.4 growth percent (within 6 to 7 percent target) (3) Philippines considered to be among fastest-growing economies in the Asian region and in the world (4) Strong and stable financial system (5) Banks have strong capital and liquidity positions. (6) Digital economy contributed P2 trillion in 2022, the equivalent of 9.4 percent of our GDP. (7) World Bank projects a 6 percent overall growth rate due to strong local demand, consumer spending, strength from the BPO industry, steady flow of remittances, and continuing jobs recovery (8) Inflation rate eased up from 8.7 percent in January to 5.4 percent in June. (9) Bureau of Internal Revenue posted P1.05 trillion collections — an increase of almost 10 percent over the last year (10) Bureau of Customs increased collection by 7.4 percent for the first seven months of 2023, amounting to P476 billion. (11) PAGCOR increased collection by 47.9 percent (12) PCSO increased collection by 20 percent Reduction of prices of commodities like rice, meat, fish, vegetables and sugar Roll out of more than 7,000 KADIWA stores nationwide that link farmers with consumers, benefited 1.8 million families Agriculture Science-based methods toward food security Revision of Fisheries Code Unify 300 farm and fisheries clusters composed of 900 cooperatives Extensive technology training like the use of local bio-fertilizers Distribution of farm machinery, tools and inclement Distribution of more than 5 million rice seedlings and other crops Fuel at fertilizer discount vouchers Geo-Agri map of farm-to-market roads Irrigated 49,000 hectares of farmlands across the country. Constructed 4,000 additional fabrication labs, production at cold storage facilities Built 24 multi-species hatcheries to increase fisheries production Anti-animal pest monitoring, medicines, and vaccines Cloud seeding and buffer stocks in preparation for El Niño 70,000 agrarian land titles distributed Signing of EO No. 4. Or New Agrarian Emancipation Act the condoned P57-billion farmers’ loans Smuggling and hoarding Days of smugglers and hoarders are numbered Water Supply Creation of Water Resources Management Office Working for legislation of Department of Water Resource Management Allocated P14.6 billion for water supply projects Completion of Wawa Bulk Water Supply Project Phase 1 Installed 6,0000 rainwater collection systems across the country Infrastructure 8.3-trillion peso “Build, Better, More” Program in progress 194 flagship projects Continuation of “Build, Build, Build” projects Infrastructure spending stays at 5 to 6 percent of GDP 1,200-kilometer Luzon Spine Expressway Network Program will effectively connect Ilocos to Bicol from 20 hours to just 9 hours of travel Under Mega-Bridge Program, 12 bridges totaling 90 kilometers will be constructed including Bataan-Cavite Interlink Bridge and the Panay-Guimaras-Negros Island Bridges, and Samal Island-Davao City Connector Bridge As of June 2023, 4,000 kilometers of roads and 500 bridges have been constructed, maintained and upgraded Completed Cebu’s Pier 88 smart port, new passenger terminal buildings of Clark Airport and Port of Calapan. North-South Commuter Railway System now in full swing Strategic financing Enactment into law of Maharlika Investment Fund Social security Funds for the social security and public health insurance intact and separate Energy and Power Generation Price of crude oil stabilized Since last year, gasoline and diesel prices have gone down by 18 to 29 percent, respectively. Built 8 new additional power plants, bringing to 17 the total number of power generation facilities Energy production increased by 1,174 megawatts. Almost half a million homes given access to electricity; 100 percent household electrification by June 2028 Renewable energy is the way forward Promotion of renewables targets 35 percent share in the power mix by 2030, and 50 percent by 2040 Opened renewable energy projects to foreign investments Since last year, an additional 126 renewable energy contracts with potential capacity of 31,000 megawatts awarded. To date, more than 1,000 active projects all over the country — 299 are solar, 187 are wind, 436 are hydroelectric, 58 are biomass, 36 are geothermal, and 9 are ocean-powered. Malampaya project is boon, energizing 20 percent of Luzon; renewal of the contract guarantees continued revenues and energy production for another 15 years Push for more gas exploration in other parts of the country Partnered with the BARMM in regard to energy exploration and development The Philippines now has a Unified National Grid with the interconnection of the Luzon, Visayas and Mindanao grids “One Grid, One Market” will enable more efficient transfers and more competitive pricing of electricity Performance review of National Grid Corporation of the Philippines to complete all of its deliverables, starting with the vital Mindanao-Visayas and Cebu-Negros-Panay interconnections. Social welfare Enough funds for underprivileged DSWD, DoLE, DepEd, TESDA and CHEd involved in providing assistance Programs like AICS, TUPAD, TVET for Social Equity, Social Pension for Indigent Senior Citizens, Cash-for-Work for PWDs, and Integrated Livelihood Program-Kabuhayan available for indigents Social protection Pension of the military and the uniformed personnel is as important, urgent, and humanitarian as that of all other civilian Filipino employees Working closely with Congress to ease the transition from the old system to the new one, to guarantee that no effects are felt by those in the uniformed services. The post 2nd State of the Nation Address appeared first on Daily Tribune......»»
Bohol-Cebu bridge: Firm offers to fund, build project, says Aumentado
MANDAUE CITY, Cebu — A private firm has made an offer to Bohol Governor Erico Aris Aumentado to fund the construction of a proposed bridge that could connect their province to Cebu. Representatives of DTE Construction and Development Corporation, a Manila-based construction firm, visited Aumentado’s office on Friday, July 7, to present their offer. BOT […] The post Bohol-Cebu bridge: Firm offers to fund, build project, says Aumentado appeared first on Cebu Daily News......»»
Woman robbed at gunpoint while jogging in SRP, loses cellphone worth P70,000
CEBU CITY, Philippines – A woman jogging at the SRP was robbed at gunpoint by motorcycle-riding thieves early Thursday morning, July 6, 2023. The police report revealed that the SRP robbery incident happened at around 5:50 a.m. at the bridge near the corner road going to the San Remo condo. The incident was reported by […] The post Woman robbed at gunpoint while jogging in SRP, loses cellphone worth P70,000 appeared first on Cebu Daily News......»»
Lapu-Lapu drug bust: P3.5M shabu seized, one man nabbed
LAPU-LAPU CITY, Philippines — Some P3.5 million worth of suspected shabu were confiscated during a buy-bust operation in Lapu-Lapu City underneath the first Mactan-Mandaue Bridge in Barangay Pajo this city on June 29. Aside from the more than P3 million drug haul, police also arrested a 28-year-old man during the anti-illegal drug operation at past […] The post Lapu-Lapu drug bust: P3.5M shabu seized, one man nabbed appeared first on Cebu Daily News......»»