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Makati swelters with 43.5 degrees heat index
The heat index in Makati yesterday reached a “dangerous” level of 43.5 degrees Celsius, according to the city’s Disaster Risk Reduction and Management Office......»»
Makati mall to hold Pabasa
The Filipino Lenten tradition of pabasa or chanting the passion, death and resurrection of Jesus Christ will be held at a shopping mall in Makati City......»»
Stocks up, peso breaches 56:$1
The stock market posted slight gains yesterday as it tracked upswing in US markets, while the peso weakened and breached the 56 to $1 barrier......»»
Government agrees to restore interest deductions
Associate Finance Minister David Seymour has today announced that the Government has agreed to restore deductibility for mortgage interest on residential investment properties."Help is on the way for landlords and renters alike. The Government's restoration of interest deductibility will ease pressure on rents and simplify the tax code," says Assoc.....»»
Korean firm agrees to terms of Comelec auto polls contract
South Korean firm Miru Systems and its partners have agreed with the Commission on Elections on the terms in the service contract for the 2025 automated election system.....»»
Biden says Israel agrees to stop Gaza attacks for Ramadan as Hamas mulls draft truce proposal
The draft proposal, which would allow hospitals and bakeries in Gaza to be repaired and 500 aid trucks to enter the battered enclave every day, is the most serious attempt in weeks to end the conflict.....»»
EDITORIAL - Compromised data
The Department of Education is verifying reports that its information system has been breached, with a hacker claiming to have harvested 750 gigabytes so far of DepEd data including banking details and information on students and teachers. Meanwhile, the Philippine Coast Guard took down yesterday its account on X, formerly Twitter, after its tweets were wiped out......»»
BSP to strengthen consumer protection
The Bangko Sentral ng Pilipinas is further strengthening consumer protection measures as complaints breached the 30,000 level from January to September last year......»»
LRTA breaches pre-pandemic revenue level
The Light Rail Transit Authority reaped the benefits of economic reopening in 2023 as its revenue breached pre-pandemic levels......»»
Clark airport exceeds 2023 passenger target
Clark International Airport, the alternative gateway to Metro Manila, breached its passenger target in 2023 amid the recovery of global air travel......»»
Restudying salary caps
In the NBA, there are soft salary caps where teams may avail of exceptions to exceed limits but a luxury tax is imposed if so-called aprons are breached......»»
Angat water level breaches normal high
Water was released from Angat Dam yesterday after its elevation breached the normal high of 212 meters......»»
WHO database, including COVID-19 records, hacked
Sensitive personal information related to the Philippines’ coronavirus vaccine program may have been accessed by cyber hackers who breached the World Health Organization database, the Department of Information and Communications Technology confirmed yesterday, as the Department of Health said it is coordinating with both agencies......»»
Israel agrees pauses in fighting but rules out ceasefire
Israel has agreed pauses in its offensive in northern Gaza that will allow some civilians to flee heavy fighting, but Prime Minister Benjamin Netanyahu ruled out any broader ceasefire as a “surrender” to Hamas. US President Joe Biden welcomed the pauses, which formalise an arrangement that has already seen tens of thousands of Palestinians flee.....»»
Peso pierces 55:$1 level
The peso strengthened further and breached the 55 to $1 level to hit a three-month high due to rosy outlook for remittances from overseas Filipino workers toward the holiday season, as well as the dovish signals from the US Federal Reserve......»»
Fuel subsidy easing eyed
An immediate release of government assistance to public utility vehicles will be achieved by shortening the trigger period from three months to one and simplifying the requirements, the Department of Energy said yesterday. The proposal, nonetheless, may need the amendment of the law for releasing fuel subsidies to the transport sector. In a press briefing, Energy Secretary Raphael Lotilla said this was one of President Ferdinand “Bongbong” Marcos Jr.’s proposed solutions to the oil price shock that is expected to worsen amid the spreading Middle East conflict. $80 per barrel long breached Under the current law, fuel subsidies are released to the transport sector whenever the Dubai crude oil price exceeds $80 per barrel for three consecutive months. Lotilla said shortening the trigger period will allow the government to release the subsidies faster to the transport sector, one of the sectors most affected by rising fuel prices. “With this simplification or shortening of the period, we will be able to release the subsidies in a shorter period,” Lotilla said. “Since Congress is now considering the General Appropriations Act, it will be included in that process. The amendment will take effect in 2024 immediately upon Congress’s approval of the GAA,” he added. The DoE chief also said the government will simplify the requirements for the release of the fuel subsidies. The release of the subsidies requires the approval of the DoE, the Department of Transportation, and the Department of Budget and Management. Lotilla said that under the new proposal, the release of the subsidies will only require the approval of the DBM, DoTr and the DoE. He said the DoTr will finalize the list of beneficiaries for those with franchises, the Department of the Interior and Local Government for tricycle drivers, and the Department of Trade and Industry for delivery service drivers. Even though there’s an effort to expedite assistance, Lotilla said the fuel subsidy in the 2024 national budget was decreased to P2.5 billion from P3 billion this year. The energy chief, however, believes that even with the reduced budget, the required funding will be met. “That’s based on the experience of the previous year. We don’t know what will be the final amount,” the official said. Other measures on table Lotilla added the government will implement a voluntary 20-percent ethanol blend for gasoline, which is targeted for approval by the end of 2023. He said the ethanol blend will help mitigate the rising fuel prices, as ethanol is cheaper than gasoline. Lotilla said the President also instructed him to continue the transport sector’s electrification, particularly for mass transport and light cargo vehicles. He said the government will put in place charging stations and ensure that the benefits to the transport sector, particularly the drivers, will be there. Lotilla said the President also emphasized the need to prepare the economy for the eventual manufacture of electric vehicles and to link this with the local mining sector that will produce the minerals needed to manufacture batteries and other components of electric vehicles. Rules out soon The DoE is also releasing the guidelines for the implementation of the long-delayed higher biofuels blend before the year ends. Lotilla said the current 10-percent ethanol blend, also known as E10, in gasoline would be increased to 20 percent or E20, although it would be a voluntary option for motorists. Lotilla added that the current two percent or B2 coco methyl ester or CME blend on diesel will be adjusted to three percent or B3. Based on the DoE calculation, implementing the E20 blend could slash gasoline prices by around P1.28 to P1.50 per liter. While ethanol is generally cheaper than gasoline, Lotilla noted that local ethanol at P79.49 a liter is still more expensive than the imported supply at P41.84 per liter. Lotilla said DoE will bank on the coconut industry, whose production reaches up to 15 billion nuts annually, to complement the B3 shift. “An additional 1 percent blend only needs 2.6 billion nuts. The increase in the blend can also drive down the cost of CME because there will be a bigger market for it. Right now, we expect pure diesel to be at parity with the per liter price of CME,” Lotilla explained. With Maria Romero The post Fuel subsidy easing eyed appeared first on Daily Tribune......»»
RCBC credit card issuance hits 1 million mark
Rizal Commercial Banking Corp. has breached the one-million benchmark in terms of credit cards-in-force......»»
Hundreds dead in Israel-Gaza war as Hezbollah launches attacks
Israeli Prime Minister Benjamin Netanyahu on Sunday warned of a "long and difficult" war, as fighting with Hamas left hundreds dead on both sides after a surprise attack on Israel by the Palestinian militant group. The conflict's bloodiest escalation in decades saw Hamas carry out a massive rocket barrage and ground, air and sea offensive Saturday that Israel's army said had killed more than 200 Israelis and wounded 1,000, while soldiers and civilians were taken hostage. Gaza officials said intense Israeli air strikes on the coastal enclave had brought the Palestinian death toll to at least 256, with nearly 1,788 wounded. As fighting raged Sunday, Lebanon's powerful Iran-backed Hezbollah movement said it had fired "large numbers of artillery shells and guided missiles" at Israeli positions in a contested border areas "in solidarity" with Hamas. Israel's army had earlier said it fired artillery on southern Lebanon in response to a shot from the area without identifying the attackers. "We are embarking on a long and difficult war that was forced on us by a murderous Hamas attack," Netanyahu said on X, formerly Twitter, early Sunday. "The first stage is ending at this time by the destruction of the vast majority of the enemy forces that infiltrated our territory," he added, pledging no "respite" until victory. Overnight Israel battered the Gaza Strip with air strikes as rockets from the blockaded Palestinians territory rained on Israel. Sunday morning gun still battles raged between Israeli forces and hundreds of Hamas fighters in multiple locations, including at the Sderot police station across the border from Gaza. Police and Israeli army special forces "neutralized 10 armed terrorists" who were holed up inside the station, a police statement said. The bloody air, sea and land attack launched Saturday by Hamas came half a century after the outbreak of the 1973 Arab-Israeli war, taking Israel and the world by surprise. As the UN Security Council called an emergency meeting for Sunday, President Joe Biden voiced "rock solid and unwavering" support for the US ally and warned "against any other party hostile to Israel seeking advantage in this situation". - Hostages and 'so many bodies' - The Israeli army said overnight its forces were still engaged in gun battles in a string of Israel locations, in an operation labelled "Swords of Iron", as reservists were being called up. Hamas earlier released images of several Israelis taken captive, and another army spokesman, Daniel Hagari, confirmed that soldiers and civilians had been kidnapped. "I can't give figures about them at the moment," he said late Saturday, adding there was also a "severe hostage situation" in the Negev desert communities of Beeri and Ofakim east of Gaza. According to Ynet Israeli news website "dozens of Israeli captives, including numerous women, children and elders, are believed to have been taken into the Gaza Strip". The fighting prompted Israel to cut off Gaza's electricity, fuel and goods supplies, Netanyahu said. The Islamist group started the multi-pronged attack around 6:30 am (0330 GMT) on Saturday with thousands of rockets aimed as far as Tel Aviv and Jerusalem, some bypassing the Iron Dome defense system and hitting buildings. Hamas fighters -- traveling in ground vehicles, motorized paragliders and boats -- breached Gaza's security barrier and attacked nearby Israeli towns and military posts, opening fire on residents and passersby. "Send help, please!" one Israeli woman sheltering with her two-year-old child pleaded as militants outside opened fire and tried to break into their safe room, Israeli media reported. Bodies were strewn on the streets of the Israeli town of Sderot near Gaza and inside cars, the windscreens shattered by a hail of bullets. "I saw many bodies, of terrorists and civilians," one man told AFP, standing beside covered corpses on a road near Gevim Kibbutz in southern Israel. "So many bodies, so many bodies." AFP journalists witnessed Palestinian armed men gather around a burning Israeli tank, and others driving a seized Israeli military Humvee vehicle back into Gaza, where they were met by cheering crowds. - 'Gates of hell' - Israeli army Major General Ghasan Alyan warned Hamas had "opened the gates of hell". An AFP journalist in Gaza saw clouds of dust from the remains of bombed residential towers which Gaza's interior ministry said contained 100 apartments. Israel's military said it had warned residents to evacuate before targeting the multi-story buildings used by Hamas. The escalation follows months of rising violence, mostly in the occupied West Bank, and tensions around Gaza's border and at contested holy sites in Jerusalem. Before Saturday, at least 247 Palestinians, 32 Israelis and two foreigners had been killed this year, including combatants and civilians, according to Israeli and Palestinian officials. Hamas labeled its attack "Operation Al-Aqsa Flood" and called on "resistance fighters in the West Bank" as well as in "Arab and Islamic nations" to join the battle. Its armed wing, the Ezzedine al-Qassam Brigades, claimed to have fired more than 5,000 rockets, while Hecht said Israel had counted more than 3,000 incoming rockets. Hamas chief Ismail Haniyeh said the group was on the "verge of a great victory", vowing to press ahead with "the battle to liberate our land and our prisoners languishing in occupation prisons must be completed". - 'Dangerous precipice' - Air raid sirens wailed across southern and central Israel, as well as in Jerusalem on Saturday, and there were major disruptions at Tel Aviv airport where many carriers canceled flights. Israel said schools would remain closed on Sunday which marks the start of the week. Hamas took control of Gaza in 2007, leading to Israel's crippling blockade of the impoverished enclave of 2.3 million people. Israel and Hamas have since fought several wars. The last major military exchange, in May, killed 34 Palestinians and one Israeli. Violence also erupted across the West Bank, including annexed east Jerusalem, with five Palestinians killed and 120 wounded in clashes with Israeli forces and settlers, Palestinian medical services said. Countries around the world condemned the wave of attacks by Hamas, which Israel, the United States and European Union consider a terrorist group. European Commission President Ursula von der Leyen called the attack "terrorism in its most despicable form". But Hamas drew support from other foes of Israel, with Iran's supreme leader declaring he was "proud". UN Middle East peace envoy Tor Wennesland warned of "a dangerous precipice" and called on all sides to "pull back from the brink". (Rosie Scammell with Adel Zaanoun in Gaza) az-rsc-jd/hkb © Agence France-Presse The post Hundreds dead in Israel-Gaza war as Hezbollah launches attacks appeared first on Daily Tribune......»»
Speaker one with Sara on CIF for peace, security
Speaker Martin Romualdez assured the public yesterday that the House of Representatives agrees with Vice President Sara Duterte that confidential funds should be utilized “to promote peace and security.”.....»»
WADA warns of ‘consequences’ over North Korean flag at Asian Games
The World Anti-Doping Agency warned the Olympic Council of Asia of "consequences" on Friday for allowing the North Korean flag to be repeatedly flown at the Asian Games, saying they were treating it "extremely seriously". WADA declared North Korea's national anti-doping body "non-compliant" in 2021 and imposed sanctions that remain today. They include not being able to fly its flag at any regional, continental, or world sports event, excluding the Olympics and Paralympics. Despite this North Korea carried the flag at the Asian Games opening ceremony and it has been routinely hoisted in Hangzhou when their athletes won medals. OCA chief Raja Randhir Singh last week defended allowing the North Korean flag to be flown, saying the governing body of the sport in Asia had written to WADA "explaining their position". In a statement to AFP, WADA said the OCA had breached its obligations as a signatory to its anti-doping code. "WADA takes this matter extremely seriously and has written to the OCA on several occasions before and after the opening ceremony of the Games, explaining in clear terms the possible consequences that could arise for the OCA if this matter is ignored," it said. "WADA is disappointed that the OCA has to date not taken steps to comply with the terms of the DPRK's non-compliance," it added, using an acronym for North Korea. "WADA will follow due process to ensure that the appropriate consequences are imposed for the OCA's refusal to meet its signatory obligations." There are a range of punishments WADA could impose on the Kuwait-based OCA. They include having International Olympic Committee (IOC) funding withdrawn, OCA events losing their status as qualifying events for the Olympic or Paralympic Games, and the imposition of fines. OCA declined to comment when approached by AFP. 'Protecting athletes' The Montreal-based WADA sanctioned North Korea while its already tight borders were shut following the outbreak of COVID-19, which prevented international testing authorities from being able to enter. North Korea recently began slowly reopening and WADA said it had started to allow them back in to collect samples. "However, the broader political status of the country means verification and quality control activities are not straightforward," it added. "WADA will continue to work to strengthen the anti-doping system in DPRK in order to protect all athletes." Despite its years-long isolation from the global sporting arena, North Korea has produced some eye-opening results on its return, notably in weightlifting, where its competitors have smashed six world records. Several rival lifters said they were "shocked" or "surprised" at the results. No North Korean weightlifters will participate in next year's Paris Olympics because they failed to take part in mandatory qualifying events earlier this year. The International Weightlifting Federation said all athletes in the sport had been tested at least once at the Hangzhou Games. While the IWF does not hold jurisdiction over the Asian Games, it does have responsibility for verifying athlete whereabouts submissions under anti-doping rules. That rule required information to be provided for a minimum of three months before any competition. Two North Koreans failed to comply and were barred, the IWF said. The post WADA warns of ‘consequences’ over North Korean flag at Asian Games appeared first on Daily Tribune......»»