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Uncertainty looms over Davao-Samal Bridge project amid RoW hurdles
The construction of the Samal Island-Davao City Connector (SIDC), also known as the Davao-Samal Bridge project, has faced numerous setbacks due to right-of-way (ROW) acquisition challenges. The project was halted on January 3, 2024, due to issues with landowners near a pier in Lanang at Davao City, leading to delays in the project's implementation. While there have been conflicting statements regarding the project's status, the National Economic and Development Authority-Davao Region (Neda-Davao) aims to complete the detailed engineering plans for the substructure of the west land via dock once the Deed of Transfer Possession in Davao City is released. However, ROW issues continue to persist. Despite these challenges, the project is still considered a priority and is included in the Davao Region Development Plan (DRDP) for 2023–2028. The project is funded through China’s Official Development Assistance with an estimated budget of P23.04 billion, and negotiations with the Philippine government are ongoing with a target completion date in 2027. The uncertainty surrounding the project's timeline remains as ROW hurdles persist, impacting the much-anticipated toll-free four-lane concrete exodus bridge spanning a 3.98-kilometer distance......»»
Davao Oriental under state of calamity
The entire province of Davao Oriental has been declared under a state of calamity following the impact of the shear line, allowing the provincial local government unit to access its Quick Response Fund for rehabilitation efforts. The unanimous resolution was approved during a regular session in Sangguniang Panlalawigan, based on comprehensive assessment and recommendation from the Provincial Disaster Risk Reduction and Management Council and Governor Niño Uy. This declaration is crucial for providing emergency aid to the affected constituents and enforcing price control on essential items. Rapid Disaster Assessment and Needs Assessment reports indicate that around 63,337 families are affected, with 645 families and 1,830 individuals currently displaced and in evacuation centers. The damages in agriculture, fisheries, and livestock are estimated to be significant. Several municipalities have already declared a state of calamity, and the entire province is yet to announce its final assessment on the value loss in agriculture. This declaration aims to expedite rehabilitation and recovery plans to restore normalcy in the affected areas......»»
EAM Jaishankar speaks to US State Secy Blinken, two leaders share concern over growing tensions in Red Sea
Washington, DC [US], January 12 (ANI): External Affairs Minister S Jaishankar on Thursday spoke with US Secretary of State Anthony Blinken, State Department spokesperson Matthew Miller informed on Thursday, adding that the two leaders discussed the recent attacks on merchant ships by the Yemen-backed Houthi groups in the Red Sea. The two leaders also reaffirmed their maritime cooperation in the region, the State Departmen.....»»
EAM Jaishankar speaks to US State Secy Blinken, two leaders share concern over growing tensions in Red Sea
Washington, DC [US], January 12 (ANI): External Affairs Minister S Jaishankar on Thursday spoke with US Secretary of State Anthony Blinken, State Department spokesperson Matthew Miller informed on Thursday, adding that the two leaders discussed the recent attacks on merchant ships by the Yemen-backed Houthi groups in the Red Sea. The two leaders also reaffirmed their maritime cooperation in the region, the State Departmen.....»»
Baste Duterte: No order to kill drug suspects
Davao City Mayor Sebastian Duterte has clarified that he did not order policemen to kill suspects when he declared a new war on drugs in the city. What he said was that he himself would kill the drug suspects, he clarified......»»
Duterte dares Marcos Jr.: Let’s take drug test
The word war between President Marcos and his predecessor Rodrigo Duterte continues, with the former leader on Tuesday challenging his successor to undergo a drug test to once and for all prove that he is not a cocaine user......»»
Marcos, Duterte ‘drug war’ erupts
Turning the tables on former president Rodrigo Duterte who had publicly called him a drug addict, President Marcos said yesterday his predecessor is highly addicted to the painkiller fentanyl, the serious side effects of which may have affected his thinking and behavior......»»
177 cops charged for drug offenses
More than 170 police officers have been charged with drug-related offenses in Metro Manila and about 120,000 people have been placed behind bars under the administration’s war on drugs, President Marcos reported yesterday......»»
EDITORIAL – Cooperating with the ICC
Even before former senator Antonio Trillanes IV disclosed that about 50 former and incumbent police officers had been contacted by the International Criminal Court, there were already reports circulating that the ICC was proceeding with its probe of the drug killings under the watch of Rodrigo Duterte. Some of the reports emanated even from the Duterte camp......»»
Human rights panels urged to hear out Lascañas testimonies vs Dutertes
Palabay added that with several whistleblowers like Lascañas coming forward with their revelations, the government’s rights commission and the congressional human rights committees should exercise their mandate in “getting to the bottom” of drug-related killings under Rodrigo Duterte’s terms as Davao City mayor until his presidency......»»
First rate cut likely 25 basis points - The Manila Times
MONETARY authorities will cut key interest rates by 25 basis points (bps) once inflation settles around the midpoint of the target range, the chief of the Bangko Sentral ng Pilipinas (BSP) said. "Right now, if we ease, it will just be 25 basis points. But we'll see," central bank Governor Eli Remolona Jr. told reporters on Monday. "Anything more than 25 [bps], it's like there's a recession alrea.....»»
Magic beat Cavaliers 121-83 to cut their deficit to 2-1
Magic beat Cavaliers 121-83 to cut their deficit to 2-1.....»»
Maybe no Fed rate cuts in FY24?
A recent CNBC article captured the growing concern that the US Federal Reserve’s first rate cut – the infamous “pivot” – might not happen until “at least September”, and discusses a few analysts (including those from Bank of America) who have said that there is “real risk” that the first cut might not even come until March 2025......»»
29 housing projects to cut backlog in CL
29 housing projects to cut backlog in CL.....»»
Geopolitics, rate cut delays could spoil IPO rebound in 2024
Geopolitical tensions and interest rate cut delays could play the spoiler’s role in initial public offerings (IPO) staging a major comeback in the local bourse this year......»»
Some developers cut through Chocolate Hills – DENR
Some project developers cut through the Chocolate Hills in Bohol during the construction of their structures, Environment Secretary Maria Antonia Yulo-Loyzaga said, reiterating that this is prohibited under the National Integrated Protected Areas System (NIPAS) law......»»
Coco hindi ma-cut ang eksena nina Jaclyn at Irma: Parang boksing! Hayup!
NAPANGANGA at natulala na lang ang Teleserye King na si Coco Martin habang idinidirek sina Jaclyn Jose at Irma Adlawan sa “Batang Quiapo.” Kuwento ni Coco, hirap na hirap siya bilang direktor ng “Batang Quiapo” lalo na sa pagsigaw ng “Cut!” sa mga bardagulang eksena nina Jaclyn at Irma. Sey ng premyadong actor-producer hanggang ngayon.....»»
Slower US Inflation Spurs Fed Rate-Cut Optimism
Title: Inflation Slows in the US, Raising Expectations of Interest Rate Cut Subtitle: International Economic Developments to Impact Global Markets Date: [Current Date] Byline: [Your.....»»
BSP Governor Eyes Potential Rate Cut as Inflation Eases
In a recent interview, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. hinted at a potential rate cut later this year, signaling optimism amid the nation’s economic landscape. While cautious about the first semester, Remolona remains watchful, stating that the move could come “within the year.” The BSP, responding to escalating inflation, had hiked […].....»»
BSP unlikely to cut rates in 1st half
The Bangko Sentral ng Pilipinas is unlikely to cut key policy rates within the first half of the year as it deems it necessary to keep monetary policy settings sufficiently tight in the near term to better anchor inflation expectations and mitigate second-round effects......»»