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PAWS files animal cruelty raps vs killer of golden retriever Killua
Non-government organization for animal rights Philippine Animal Welfare Society (PAWS) on Monday filed criminal complaint against the individual who struck the golden retriever Killua which resulted to its demise......»»
SC affirms ruling granting bail to ex-Masbate lawmaker, Napoles
The Supreme Court (SC) has affirmed a ruling of the Sandiganbayan that allowed businesswoman Janet Lim-Napoles and former Masbate congresswoman Rizalina Seachone-Laneta to post bail in the plunder charges filed against them in connection with the Priority Development Assistance Fund (PDAF) or pork scam......»»
PNP colonel faces admin raps over sex video
A police colonel accused of documenting his sexual encounters with a woman he had an illicit affair with is facing administrative cases before the Office of the Ombudsman......»»
Child sexual molestation
out qualified trafficking in persons under Republic Act 9208, as amended by RA 10364. This is the case of Betty, who is already separated from her husband and working abroad. Before their separation, Betty and her husband had a daughter, Annie......»»
RCBC strengthens sustainable advocacy
Rizal Commercial Banking Corp. has amended its sustainable finance framework, aligning its principles with global standards to promote responsible financing and protect natural resources......»»
Senators won’t go along with Cha-cha
The Senate would most likely not support the effort of the House of Representatives to have the 1987 Constitution amended, with many congressmen insisting that Congress would vote jointly and not separately......»»
Cebu City’s 2024 budget slashed from P100 Billion to P20 Billion
CEBU CITY, Philippines – The proposed budget for Cebu City’s operations in 2024, initially set at an ambitious P100 billion, has been slashed to just over P20 billion. This after the city council approved the amended budget during the council’s regular session on Wednesday, December 20, 2023. The annual budget ordinance was authored by City.....»»
Quick takes from around the market
Axelum stake sale agreement with Metro Pacific Investments has now been amended to chop the full stake price of P5.32 billion into installment payments, and to condition those installment payments on “achievement of certain EBITDA milestones up to the original purchase price under the original share purchase agreement.”.....»»
Davao City council amends CCTV ordinance
The 20th Davao City Council has approved the Amended Closed Circuit Television (CCTV) Ordinance of Davao City on its third and final reading. The ordinance aims to ensure the safety and security of the people of Davao without burdening them. Small establishments are exempted from the ordinance, while larger establishments are responsible for maintaining CCTV cameras. Failure to comply may result in penalties, including the suspension or revocation of business permits. The CCTV cameras must be strategically placed to provide maximum coverage. A Technical Working Group will draft the Implementing Rules and Regulations, which will be approved by the City Mayor's Office. The government urges the public to bear with the new ordinance, as it aims to reduce crime and aid ongoing investigations......»»
Valenzuela centenarians get cash incentives
The City of Valenzuela, led by Mayor Wes Gatchalian, on Wednesday granted cash incentives worth P50,000 to 12 centenarians in celebration of the Elderly Filipino Week. As mandated by Proclamation No. 470, every month of October is the celebration of “Elderly Filipino Week” which aims to recognize the valuable contributions of Filipino senior citizens over the years and extend support to their needs. Centenarians were set to receive the said incentive once every year, and its distribution to qualified centenarians was by virtue of Ordinance No. 300, series of 2016. It was amended by Ordinance No. 652, series of 2020, which raises the cash incentive from P20,000 to P50,000 due to economic considerations. The 12 centenarian residents came from barangays Bagbaguin, Canumay West, Coloong, Karuhatan, Malinta, Mapulang Lupa, Ugong, and Wawang Pulo. Reportedly, there were five 100-year-olds, two 101-year-olds, one 102-year-old, three 103-year-olds, and the oldest senior citizen, a 104-year-old elderly woman named Marta Matus. Aside from financial grants, the city government also ensured that all benefits and other appropriate measures were given to senior citizens to support their needs and secure their well-being. The post Valenzuela centenarians get cash incentives appeared first on Daily Tribune......»»
Retirement Pay Law
Dear Atty. Joji, My Dad has been a part-time faculty member of a well-known university since the 1980s. At 65, the age of retirement, he claimed, in accordance with Republic Act 7641, otherwise known as the New Retirement Pay Law, retirement benefits after two decades of employment and service. However, the university denied my dad’s claim for retirement benefits because only full-time permanent faculty of the said university is entitled to said benefits pursuant to university policy and the CBA. Since my dad has not been granted retirement benefits under any agreement with or by a voluntary act, can my dad claim retirement benefits by mandate of any law? Cedrick Dear Cedrick, RA 7641 or the Retirement Pay Law shall apply to all employees in the private sector, regardless of their position, designation or status and irrespective of the method by which their wages are paid. They shall include part-time employees, employees of service and other job contractors and domestic helpers or persons in the personal service of another. The law does not cover employees of retail, service and agricultural establishments or operations employing not more than 10 employees or workers and employees of the national government and its political subdivisions, including government-owned and/or controlled corporations, if they are covered by the Civil Service Law and its regulations. Moreover, in the case of De Lasalle Araneta University vs Bernardo, G.R. 190809, the Supreme Court ruled: “For the availing of the retirement benefits under Article 302 [287] of the Labor Code, as amended by Republic Act 7641, the following requisites must concur: (1) the employee has reached the age of 60 years for optional retirement or 65 years for compulsory retirement; (2) the employee has served at least five years in the establishment; and (3) there is no retirement plan or other applicable agreement providing for retirement benefits of employees in the establishment. It is a settled rule of statutory construction that the express mention of one person, thing, or consequence implies the exclusion of all others. The rule is expressed in the familiar maxim, expression unius est exclusio alterius. Bernardo — being 75 years old at the time of his retirement, having served DLS-AU for a total of 27 years, and not being covered by the grant of retirement benefits in the CBA — is unquestionably qualified to avail himself of retirement benefits under said statutory provision; equivalent to one-half month salary for every year of service, a fraction of at least six months being considered as one whole year. The rule of expressio unius est exclusio alterius is formulated in a number of ways. One variation of the rule is the principle that what is expressed puts an end to that which is implied. Expressum facit cessare taciturn. Thus, where a statute, by its terms, is expressly limited to certain matters, it may not, by interpretation or construction, be extended to other matters.” Hope this helps. Atty. Joji Alonso The post Retirement Pay Law appeared first on Daily Tribune......»»
Retroactive application of Family Code
Married before the effectivity of the Family Code, and fear you cannot nullify your marriage based on the grounds provided therein? Fret not, the Supreme Court has reiterated in a recent case that the Family Code, which took effect on 03 August 1988, shall be given retroactive effect unless vested or acquired rights under relevant laws will be prejudiced or impaired. According to Arthur Candelario v. Marlene Candelario and Office of the Solicitor General (G.R. No. 222068, 25 July 2023), psychological incapacity as a ground to nullify marriage under Article 36 of the Family Code can be applied to the marriage contracted on 11 June 1984 by the parties in this case. Article 256 of the Family Code explicitly provides that the law, including its provision on psychological incapacity, shall have retroactive effect. As such, the ruling of the lower court that the marriage cannot be nullified under Article 36 of the Family Code as the law only became effective after the parties’ marriage was set aside. The Supreme Court also stressed that Republic Act No. 8533 has amended Article 39 of the Family Code, which previously distinguished between marriages solemnized before and after its effectivity. Art. 39 now provides that the action or defense for the declaration of the nullity of marriage shall not prescribe, without distinction, whether the marriage was solemnized before or after the effectivity of the Family Code. A plain reading of the law even shows that nowhere in Art. 36 is it stated that the same may not be applied to marriages celebrated prior to the effectivity of the Family Code. It is basic in statutory construction that where the law is not ambiguous, the Court may not introduce exceptions or conditions where none is provided. Likewise, deliberations of the Family Code Revision Committee show that the same issue was considered, and the retroactive application of Art. 36 was voted upon. Jurisprudence is replete with the same pronouncements, such as Chi Ming Tsoi v. Court of Appeals (1997), Republic v. Molina (1997), Republic v. Enclean (2013), and Republic v. De Gracia (2014). The Court cited the Comment of the Office of the Solicitor General in this case — that any ruling to the contrary discriminates against married couples for no reason other than having the misfortune of getting married before the enactment of the Family Code. All persons can be afflicted with a psychological disorder resulting in incapacity to perform marital obligations. As such, the issue must not focus on when the parties invoking the nullification contracted the marriage, but on whether the requirements of psychological incapacity under the law are present. In this case, while the Court agreed that Art. 36 may be applied, it negated the finding that the husband was psychologically incapacitated to comply with his essential obligations in marriage. Following the same, what is indeed essential in these cases is proving the existence of psychological incapacity, in which gravity, incurability, and juridical antecedence must be established. For more of Dean Nilo Divina’s legal tidbits, please visit www.divinalaw.com. For comments and questions, please send an email to cabdo@divinalaw.com. The post Retroactive application of Family Code appeared first on Daily Tribune......»»
Valenzuela City grants P50K cash incentives to honor 12 centenarian residents
As mandated by Proclamation No. 470, every month of October is the celebration of “Elderly Filipino Week” which aims to recognize the valuable contributions of Filipino senior citizens over the years and extend support to their needs. In observance of this annual celebration, the City Government of Valenzuela distributed P50,000 worth of financial grants to 12 centenarians, as recognized by the Office of the Senior Citizens Affairs (OSCA). Centenarians were set to receive the said incentive once every year, and its distribution to qualified centenarians was by virtue of Ordinance No. 300, series of 2016. It was amended by Ordinance No. 652, series of 2020, which raises the cash incentive from P20,000 to P50,000 due to economic considerations. The 12 centenarian residents of Valenzuela City came from barangays Bagbaguin, Canumay West, Coloong, Karuhatan, Malinta, Mapulang Lupa, Ugong, and Wawang Pulo. Reportedly, there were five 100-year-olds, two 101-year-olds, one 102-year-old, three 103-year-olds, and the oldest senior citizen, a 104-year-old elderly woman named Marta Matus. Aside from financial grants, the City Government also ensured that all benefits and other appropriate measures were given to senior citizens to support their needs and secure their well-being. Treading toward the future, the city continuously upholds the importance of honoring the valuable contributions and legacy of the Pamilyang Valenzuelano elderly, who played a vital role in shaping our community today. The post Valenzuela City grants P50K cash incentives to honor 12 centenarian residents appeared first on Daily Tribune......»»
SC lets Maybankown foreclosed lots
The Supreme Court in a recent ruling said foreign banks may not own land but they may possess mortgaged properties subject to conditions. After the effectivity of Republic Act 10641 that allowed full entry of foreign banks in the Philippines, foreign banks may now foreclose and acquire mortgaged properties, subject to limitations. In a decision penned by Associate Justice Jhosep Y. Lopez, the SC Second Division, denied the consolidated petitions for review on certiorari filed by 4E Steel Builders Corporation, or 4E Steel, and Spouses Filomeno and Virginia Ecraela and Maybank Philippines, Inc. The petitions assailed the issuances of the Court of Appeals, or CA, which had annulled the foreclosure sale and canceled the registration of parcels of land in favor of Maybank and ordered spouses Ecraela to pay Maybank their total loan obligation. On appeal, the CA ruled that Maybank is disqualified from taking part in the extrajudicial foreclosure sale of the properties under the law then in effect, RA 133, as amended by RA 4882, since majority of Maybank’s capital stock is owned and controlled by foreign nationals. Credit agreement Maybank, a foreign banking corporation operating in the Philippines, in 1999 executed a credit agreement in favor of 4E Steel, represented by Filomeno Ecraela as president and Virginia Ecraela as corporate secretary. To secure payment of drawdowns on the credit line, spouses Ecraela mortgaged five parcels of land. The post SC lets Maybankown foreclosed lots appeared first on Daily Tribune......»»
Go wants update of indigent seniors list
Senator Christopher “Bong” Go emphasized the need to update the list of indigent senior citizens, in accordance with Republic Act 11916. The said law also mandates an increase in the pension of indigent senior citizens from P500 to P1,000. RA 11916 or an Act Increasing the Social Pension of Indigent Senior Citizens amended RA 7432, the first Senior Citizens Act. The law was co-authored by Go in the Senate. “This amendment is a step forward in ensuring a better quality of life for our senior citizens. It’s crucial that we provide them with the necessary support to live comfortably,” Go said. Go then cited Section 6 of RA 11916 which mandates the Department of Social Welfare and Development, transitioning later to the National Council for Senior Citizens, to annually update and validate the beneficiary list with the aid of the Philippine Statistics Authority and the local government units. He expressed his concern regarding the need to urgently update the list of beneficiaries, as the number of indigent seniors may have increased over time. “It’s imperative that we review and promptly update the list of beneficiaries to ensure that the aid reaches the senior citizens who are truly qualified to benefit from the law,” Go remarked. Go co-authored and co-sponsored Senate Bill 2028, which was principally sponsored by Senator Imee Marcos. The bill aims to provide additional support to individuals who have reached the age of 80 and 90 years old. This proposal amends the Centenarian Act of 2016, acknowledging that not everyone reaches the milestone of a century. In another development, the senator, upon the invitation of the British group Interparliament Union, joined Senate President Juan Miguel Zubiri and Senator Grace Poe as they represented the Philippine Senate during an official visit to the United Kingdom from October 16 to 18. The post Go wants update of indigent seniors list appeared first on Daily Tribune......»»
Bong Go calls on DSWD, concerned agencies to update list of indigent senior citizens
Senator Christopher "Bong" Go emphasized the need to update the list of indigent senior citizens, in accordance with Republic Act No. 11916. The said law also mandates an increase in the pension of indigent senior citizens -- from PHP500 to PHP1,000. RA 11916 or an Act Increasing the Social Pension of Indigent Senior Citizens amended RA 7432, the first Senior Citizens Act. The law was co-authored by Go in the Senate. “This amendment is a step forward in ensuring a better quality of life for our senior citizens. It's crucial that we provide them with the necessary support to live comfortably,” Go said. “Nandiyan na ang batas. Dapat maimplementa ito ng maayos para mapakinabangan ng taumbayan lalo na ng mga matatanda na sakop ng batas na ito. Ibigay dapat ang nararapat sa kanila at huwag patagalin pa,” he stressed. Go then cited Section 6 of RA 11916 which mandates the Department of Social Welfare and Development (DSWD), transitioning later to the National Council for Senior Citizens (NCSC), to annually update and validate the beneficiary list with the aid of the Philippine Statistics Authority (PSA) and the local government units. Go expressed his concern regarding the need to urgently update the list of beneficiaries, as the number of indigent seniors may have increased over time. "It's imperative that we review and promptly update the list of beneficiaries to ensure that the aid reaches the senior citizens who are truly qualified to benefit from the law," Go remarked. Go also co-authored and co-sponsored Senate Bill No. (SBN) 2028, which was principally sponsored by Senator Imee Marcos. The bill aims to provide additional support to individuals who have reached the age of 80 and 90 years old. This proposal amends the Centenarian Act of 2016, acknowledging that not everyone reaches the milestone of a century. He emphasized the cultural significance of caring for the elderly in the country and highlighted the importance of providing them with financial support while they can still benefit from and enjoy it. “Nasa kultura na nating mga Pilipino na alagaan ang ating mga nakakatanda. Dapat natin silang suportahan at bigyan ng pagkilala. Habang kaya pang pakinabangan at ma-enjoy ng senior citizen ang cash gift, ibigay na natin sa kanila,” said Go. Just recently, the Office of Senator Go, together with United Senior Citizens Partylist Rep. Milagros Aquino-Magsaysay, the Office of Senator Robin Padilla, and volunteer organizations, spearheaded an activity for senior citizens on Monday, October 16, during the United Senior Citizens Association-Quezon City (USCAQC) General Assembly held at White Twins Court, Quezon Memorial Circle in Quezon City. Around 1,000 attendees were provided with essential goods from Senator Go such as grocery packs, snacks, and shirts while a select recipient likewise received a cellular phone. The participants were also given various forms of assistance from the participating offices to promote the welfare of the elderly. Meanwhile, Go urged senior citizens to utilize the services of Malasakit Centers for medical assistance they might need. Initiated by Go in 2018, the Malasakit Centers program was institutionalized under the Malasakit Centers Act of 2019, which he principally authored and sponsored. There are now 159 Malasakit Centers nationwide that have helped more than seven million Filipinos. “Prioritizing the needs of the underprivileged, especially senior citizens, in public service delivery is paramount. Rest assured, I will continue to support programs aimed at improving the lives of the elderly,” concluded Go. The post Bong Go calls on DSWD, concerned agencies to update list of indigent senior citizens appeared first on Daily Tribune......»»
PCSO ask lawmakers to toughen laws vs illegal lottery firms
The Philippine Charity Sweepstakes Office General Manager Mel Robles, called out lawmakers on Monday to toughen the law against Illegal lottery firms. Robles personally led the filing of charges at Mandaluyong Prosecutors Office against individuals behind the four firms engaged in unauthorized online lottery operations. “I am calling out the attention of the lawmakers to toughen the law. Maybe others see that they can handle the penalty but we’ll see. Even if it’s light, we will still pursue the cases against them,” Robles said. Robles added that PCSO is losing billions of pesos in revenue because of illegal operations perpetrated by the suspects. “We are serious about this. We will prosecute and imprison everyone associated with this illegal operation to stop them,” he said. The PCSO stated that PayMaya reportedly remitted billions to a company operating an illegal online lottery. “A payment platform, like PayMaya, reported that they were able to remit about P4.7 billion to a company that was operating the Illegal lotto. It is also included in the complaint affidavit,” he said. The criminal complaints were filed against four companies, Eplayment Corporation, Paymero Technologies Limited, GlobalComRCI International, and Blockchain Smart-Tech Co. I.T. Consultancy. The complaints were prompted by an investigation conducted by the National Bureau of Investigation, which revealed that the mentioned companies were responsible for the ownership, operation, and administration of Pakilotto and Surelotto. The companies reportedly misused the PCSO’s name, logo, and various lottery games, soliciting and accepting bets from the public through their unauthorized mobile application and websites. Robles said that based on their investigation, they have found out that the alleged suspects for Illegal online lottery are operating in the cities of Quezon and Cebu. “We found out one in NCR, in Quezon City, the other is in Cebu,” he said. PCSO reported that Eplayment, which operated under the now-defunct website ‘Pakilotto’, was soliciting and accepting bets from the public at an inflated price of P30 per ticket, a 50% markup compared to the standard P20 lotto ticket. Meanwhile, Surelotto, a similar mobile app, sold tickets online for P25, a 25% increase from the regular lotto price. Prizes of smaller denominations are allegedly directly deposited into the winner’s registered bank account, while jackpot prizes require winners to visit the Surelotto office in person. The complaint-affidavit states that the owners, directors, and/or officers of Paymero, Eplayment, GlobalComRMCI, and Blockchain, as owners, operators, and/or administrators of Pakilotto and Sukilotto, have committed Usurpation of Authority under Article 177 of the Revised Penal Code, a violation of R.A. No. 1169, as amended, and a violation of Presidential Decree No. 1602, as amended by Republic Act No. 9287, in connection with Executive Order No. 13, Series of 2017. Robles emphasized that PCSO remains fully committed to preserving the integrity and legitimacy of its lottery games, ensuring fair treatment and protection for the public. The post PCSO ask lawmakers to toughen laws vs illegal lottery firms appeared first on Daily Tribune......»»
Taxpayer’s right to present supporting documents
Imagine being in an examination. The instructions are clear: “You have two hours to complete the exam.” At the end of the first hour, you were surprised. The bell rang, and everyone was asked to submit their paper. This is analogous to the case of Commissioner of Internal Revenue v. Maxicare Healthcare Corporation (G.R. 261065, 10 July 2023). In the beginning, there was nothing outside the ordinary. A Letter of Authority was issued. A tax audit ensued, leading to the issuance of a Preliminary Assessment Notice or PAN. Maxicare filed a response to the PAN. The Bureau of Internal Revenue issued a Formal Letter of Demand and Final Assessment Notice. Maxicare filed a protest against the FLD/FAN requesting a reinvestigation. Maxicare made it explicit that it will submit the pertinent supporting documents and additional explanations within 60 days from the date of filing the protest. However, the BIR issued the Final Decision on Disputed Assessment after the lapse of only 30 days. The Supreme Court declared the assessment against the taxpayer null and void for the manifest violation of the taxpayer’s right to due process. The Court took the opportunity to definitely settle that the reckoning point of the 60-day period for the submission of relevant supporting documents is from the filing of the administrative protest to the FLD/FAN, when such protest constitutes a request for reinvestigation and not from the response or reply to the PAN. The Court clarified that the pronouncement in the Minute Resolution in Commissioner of Internal Revenue v. Roca Security and Investigation Agency (G.R. 241338, 10 April 2019) wherein the 60-day period was reckoned from the filing of the response to the PAN was a glaring error. By failing to observe the statutory period, the taxpayer was denied the opportunity to present evidence, tantamount to denial of a genuine opportunity to be heard. The Court then dissected Section 228 of the Tax Code and Revenue Regulations No. 12-99, as amended. It emphasized the following points: The “pre-assessment notice” mentioned in Section 228 of the Tax Code corresponds to the PAN. The taxpayer shall be required to respond within a period of 15 days from receipt of the PAN; and Section 228 of the Tax Code explicitly sets the period for an “administrative protest of the assessment” at 30 days, which refers specifically to an FLD/FAN protest. This protest may take the form of either a request for consideration or reinvestigation. The Court strongly noted that it is the request for reinvestigation that carries the 60-day period to submit relevant supporting documents. Such an option was not provided with regard to the response to the PAN. Hence, there could be no other conclusion that the 60-day period to submit relevant supporting documents applies to and should be reckoned from filing the protest against the FLD/FAN. The Supreme Court brushed aside the BIR’s plea to apply leniency to the rules of procedure in the name of substantial justice. The Supreme Court reminded the tax authorities, in no uncertain terms, of the clear necessity for the strict observance of procedural rules to safeguard the due process rights of the concerned parties. This is a necessary check against the exercise of the government’s expansive power of taxation. *** For more of Dean Nilo Divina’s legal tidbits, please visit www.divinalaw.com. For comments and questions, please send an email to cabdo@divinalaw.com. The post Taxpayer’s right to present supporting documents appeared first on Daily Tribune......»»
Janet Napoles found guilty of 8 graft, malversation raps; given 64 yrs in jail
MANILA, Philippines — Janet Napoles, the alleged mastermind behind the pork barrel scam, is found guilty of eight charges of graft and malversation, the Sandiganbayan said on Friday, Oct. 20. Napoles, together with former National Agribusiness Corporation (Nabcor) officials Rhodora Mendoza, Victor Cacal, and Maria Ninez Guañizo, were also found guilty of graft and malversation charges. Napoles was proven to have violated Republic Act (RA) 3019 or Anti-graft and Practices Act. “The court finds accused Rhodora B. Mendoza, Maria Ninez P. Guanizo, Victor Roman C. Cacal, and Janet L. Napoles guilty beyond reasonable doubt of violation of Section 3(e) of RA 3019, as amended, and are hereby sentenced to suffer the indeterminate penalty of imprisonment of six years and one month, as a minimum, to 10 years, as maximum, and to suffer perpetual disqualification from holding public office,” reads the decision from the Special Second Division of the anti-graft court. Napoles and the Nabcor officials were found guilty of four counts of corruption, and four counts of malversation of public funds. Collectively, the charges translate to 64 years of imprisonment at the minimum and 82 years at most. Sandiganbayan also ordered Napoles to pay government P41 million in damages. Each malversation charge requires Napoles to pay the equivalent amount of money involved in the criminal offense. Meanwhile, former South Cotabato Representative Arthur Pingoy Jr. was acquitted of graft and malversation charges in the same court decision. RELATED STORIES Napoles cleared in one pork barrel case but convicted in another Sandiganbayan acquits Napoles in 16 graft raps over pork barrel scam ‘Janet Lim Napoles’ listed among convicts freed on good conduct.....»»
Phl, Saudi ink $4.26-B investment agreements
RIYADH, Saudi Arabia — Malacañang on Friday said that business delegations from the Philippines and Saudi business leaders inked investment agreements worth $4.26 billion. In a statement, Marcos was said to be present at the agreements' signing earlier this week, which took place on the fringes of a conference of Gulf and Southeast Asian countries in Saudi Arabia. Malacañang said that EEI Corp. of the Philippines and Samsung Engineering of Saudi Arabia have reached a deal for the export of construction services valued at $120 million. Al-Jeer Human Resources Company (ARCO) also inked a $3.7 billion human resource services contract with the Association of Philippine Licensed Agencies for the Kingdom of Saudi Arabia, the Palace added. A $191 million agreement for human resource services was also inked by Maharah Human Resources Co. of Saudi Arabia, Staffhouse International Resources of the Philippines, and E-GMP International Corp. of the Philippines. President Marcos acknowledged the valuable contributions of the companies that took part in the effort to strengthen the bilateral ties between the Philippines and Saudi Arabia, which served as home to over one million Filipino migrant workers. “To our current and future business partners, I hope that this meeting has served as an excellent platform for building greater and closer partnerships between the Philippines and the Kingdom of Saudi Arabia,” President Marcos said. President Marcos also assured the business community that the Philippines will remain steadfast in its commitment to continuously support current and prospective Saudi investors as he emphasized that the Philippine government has amended existing laws to further open its economy to foreign investments. The post Phl, Saudi ink $4.26-B investment agreements appeared first on Daily Tribune......»»