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Panelo: Resolve Maguindanao Norte predicament
Former Presidential Legal Adviser Atty. Salvador Panelo on Thursday has called on the provincial government of Maguindanao del Norte to resolve the problem of having two governors, saying that it stalls the basic public services that should be delivered to the public. “The law is very clear, you cannot have vacancy in government elected position, otherwise problems will occur like what is happening now in Maguindanao del Norte where it has Bangsamoro Ministry of Interior and Local Government-endorsed Governor Abdulraof Macacua and designated acting Governor Fatima Ainee Sinsuat who was the former Vice Governor,” Panelo said. He added that the Supreme Court also have already ruled “that the designation of Sinsuat is valid,” as the local government employees are also caught in the middle of controversy of having two governors for their province. Sinsuat’s spokesperson Atty. Samuel Divina earlier explained that the situation of the province is getting bleaker as the MILG continues to block the funds supposedly intended for the people of Maguindanao del Norte, as well as the plans and programs of the local government supposedly governed by the designated acting governor since Maguindanao was separated into two by the plebiscite last year. He added that Malacañang was not swayed by the prodding of the MILG and should now recall the appointment of Abdulraof Macacua, who was not even voted by the people of Maguindanao. “Recall the appointment of Macacua, for the basic services to the people to roll,” Divina said, pleading Malacañang to cancel or nullify the appointment of Macacua. Divina also stressed that the Bangsamoro Autonomous Region in Muslim Mindanao’s Bureau of Local Government and Finance, the MILG and the Land Bank in the province are allegedly holding the budget hostage because of the confusion it brought when they endorsed Macacua to Malacañang to be the governor. Divina said that the MILG was even a respondent to the Petition for Mandamus filed by Sinsuat at the Supreme Court which ruled on her favor. The post Panelo: Resolve Maguindanao Norte predicament appeared first on Daily Tribune......»»
Pause or hike? ECB rate decision on a knife edge
The European Central Bank is walking a tightrope between still-high inflation and a darkening eurozone outlook as it decides whether to lift interest rates again or finally pause its historic hiking cycle. Whether to raise borrowing costs for a 10th straight time when they meet Thursday is shaping up to be rate-setters trickiest decision since the tightening campaign began. The central bank for the 20 countries that use the euro has already lifted rates by 4.25 percentage points since July last year to combat runaway consumer prices. But the Frankfurt institution now finds itself in a "difficult spot," HSBC said in a note, as officials struggle to digest competing data. On one hand prospects for the single currency area are looking bleaker, particularly due to a poor performance in its biggest economy, Germany, which sank into a recession over the winter and is struggling to climb out of it. Latest data showed eurozone second-quarter growth reached just 0.1 percent, lower than previously estimated, while a recent survey pointed to the economy contracting at its fastest rate in three years as a manufacturing slowdown spread to services. The weak data has fuelled calls for the ECB to pause the aggressive hiking cycle for fear it could deepen a downturn, and President Christine Lagarde finally opened the door to doing so at the bank's last meeting in July. Eye-watering inflation But consumer prices, which began surging after Russia's invasion of Ukraine due to galloping energy costs, continue to rise strongly. This would support arguments for another hike to borrowing costs, with the aim of further depressing demand and slowing inflation. Consumer price rises came in unchanged at 5.3 percent in August, way above the ECB's two percent target, although closely-watched core inflation -- excluding volatile energy and food prices -- eased a little. While inflation has slowed since last year as energy costs fall, officials are now worried that other factors, particularly wage increases in a tight labor market, are keeping it elevated. The data makes for a "very complicated mixed bag," said ING economist Carsten Brzeski. "We expect a very heated debate with a close outcome." Brzeski said he expected the 26-member governing council to opt for one final increase, which would take the closely-watched deposit rate to a record high. Other analysts, however, are betting on a pause on Thursday, although they also think the ECB might then impose one final hike at a later meeting. This would be similar to what the US Federal Reserve has done -- taking a break in June before resuming lifting rates again in July. The Fed and the Bank of England are due to hold their next meetings the week after the ECB. Hawks versus doves ECB officials have insisted their decision will depend on incoming data, which has put the focus on updated forecasts the central bank is also due to release on Thursday. In the run-up to the meeting, they have mostly been cagey about what will happen, a contrast to other recent meetings where the decision was usually well-telegraphed in advance. And mixed signals have emerged in recent days. Governing council member Peter Kazimir called for another 25-basis-point hike, with the Slovak central bank chief writing in an op-ed it is "better to be safe than sorry". But another member, Italian central bank boss Ignazio Visco, disagreed with those who think it is better to overdo it, rather than undershoot, while ECB chief economist Philip Lane welcomed signs inflation was easing in some areas. Analysts stressed it was far from clear whether the "hawks", backers of further tightening, or "doves" -- proponents of a pause -- would prevail on Thursday. But if they do choose to lift rates, it will likely be "the final hike in this cycle, with the ECB on hold until at least mid-2024," said Frederik Ducrozet, chief economist at Pictet Wealth Management. The post Pause or hike? ECB rate decision on a knife edge appeared first on Daily Tribune......»»
Saso, Pagdanganan seek redemption at Ford Championship
Yuka Saso and Bianca Pagdanganan are determined to bounce back from their recent LPGA Tour performances as they mix it up with the world’s best in the Ford Championship......»»
PNVF forms coaching sataff for world meet
Seasoned coach Dante Alinsunurin will make a comeback as one of the deputies for the national men’s team as host Philippines pulls out all the stops to parade a competitive squad against the best of the best in the FIVB Volleyball Men’s World Championships 2025......»»
Iraqis display full might vs Philippines XI
Iraq rained goals on host Philippines in a 5-0 shutout that pushed the Filipinos to the brink in the FIFA World Cup Qualifiers Tuesday at the packed Rizal Memorial Stadium......»»
PLDT, Smart named among world’s leading employers
PLDT Inc. and its wireless unit Smart Communications Inc. have been named among the Top One Percent of Leading Employers of 2023 by German firm Institute of Research and Data Aggregation......»»
Jollibee invests $28 million in beverage tech firm
Filipino-owned Asian food conglomerate Jollibee Foods Corp. is investing $28 million for a 10 percent stake in beverage technology company Botrista Inc. to support the growth of its coffee and tea business......»»
Property prices slow in Q4
The growth in property prices has been sustained for 10 straight quarters, albeit at a slower pace in the fourth quarter last year, according to the Bangko Sentral ng Pilipinas......»»
ANZ raises Philippine inflation forecast to 3.8% this year
ANZ Research hiked its inflation forecast for the Philippines to 3.8 percent this year, from 3.5 percent previously, as risks may drive inflation up to above the central bank’s two to four percent target in the coming months......»»
S& P: Philippines may miss growth goal this year
S&P Global Ratings sees the Philippines again missing its growth targets this year as it kept its gross domestic product growth forecast at 5.9 percent. While the projection is better compared to other economies in the region, it is again below the government’s 6.5 to 7.5 percent growth target......»»
D.C.Plinado Campaign pushed
DAVAO City Councilor Bai Hundra Cassandra Dominique N. Advincula urged Dabawenyos to continue embodying the "culture of discipline", as a legacy, and to be conscious of turning it into the key for the city's growth......»»
Xdinary Heroes make ‘extraordinary’ concert in Manila
Members of the South Korean rock band Xdinary Heroes showed that they were no ordinary musicians during their first world tour, “Break The Brake” last March 23 at the New Frontier Theater......»»
Marcos Jr. eyes stronger maritime ties with India
The Philippines is seeking stronger maritime security cooperation with India to ensure the safety of seafarers from both nations as the world’s oceans are becoming more dangerous for commercial shipping, President Marcos said......»»
The significance of Holy Thursday
In the Christian world, there are three very popular scenes found in many Filipino homes......»»
Reflecting on Your Business Setbacks
Challenges are an inevitable part of any endeavor, especially a business one. From unforeseen economic shifts to internal operational hurdles, every business owner will inevitably face obstacles that test their resolve. As we live in a fast-paced world, we sometimes forget about looking back, and what better time to do it than the Holy Week? […].....»»
Rest of PVL catching up to perenially dominant Cool Smashers?
Creamline’s dramatic come-from-behind 26-28, 22-25, 25-22, 25-21, 16-14 win over Cignal Tuesday night at the PhilSports Arena showed it remained the team-to-beat in the Premier Volleyball League All-Filipino Conference......»»
Alinsunurin appointed Philippine men’s volleyball assistant coach
Seasoned mentor Dante Alinsunurin will make a comeback as one of the deputies for the national men’s team as the host Philippines pulls out all the stops to parade a competitive squad against the best of the best in the FIVB Volleyball Men’s World Championships 2025......»»
Boxing trainer Domingo is confident Jerusalem will upset Shigeoka
CEBU CITY, Philippines — Veteran boxing trainer, Michael Domingo of ZIP Sanman Boxing Team, is confident that his prized ward Melvin “Gringo” Jerusalem will make a repeat of the latter’s January 2023 world title victory in Japan. The Cebu-based Jerusalem will face the defending World Boxing Council (WBC) world minimumweight champion, Yudai Shigeoka, in Nagoya,.....»»
Amparo steps in to replace Andales for the IBF world title bout in Japan
CEBU CITY, Philippines — In a surprising turn of events, world-ranked Jake “El Bambino” Amparo of the PMI Bohol Boxing Stable stepped in as a last-minute replacement for countryman ArAr Andales in facing the reigning International Boxing Federation (IBF) world minimumweight champion Ginjiro Shigeoka on March 31 in Nagoya, Japan. This was confirmed by PMI.....»»
NewJeans prepares for comeback with Japanese debut, teases world tour
K-pop girl group NewJeans is gearing up for a number of comeback projects this year, including a Japanese debut eyed to kick off a world tour......»»