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Ayala to expand partnership with Bosch
The Ayala Group and German company Bosch are eyeing opportunities to expand further their partnership in the Philippines......»»
LWUA firm on intervention as MCWD water leakage increases
CEBU CITY, Philippines –The battle over authority continues in the Metropolitan Cebu Water District (MCWD) as the Local Water Utilities Administration (LWUA) stands firm in its decision on the six-month intervention, despite the status quo stance. The LWUA expressed confusion as to why the incumbent MCWD board would not honor the partial intervention, clarifying that.....»»
Minglanilla’s ‘6th man’ crucial for Gullas Cup finals— Velez
CEBU CITY, Philippines— Jesus “Boyet” Velez, the head coach of Abante Minglanilla, admitted that their sixth man, their home crowd, would be a massive factor for the winner-take-all Game 3 of the Rhea Gullas Cup First District of Cebu Inter-City/Municipality Basketball Tournament Best-of-Three finals on Saturday, March 23, at the Minglanilla Sports Complex. Talisay Aksyon.....»»
Romualdez designated Palawan 1st district caretaker
Speaker Martin Romualdez now has five legislative districts under his care......»»
Xinhua world economic news summary at 0900 GMT, March 17
MANILA -- The number of Chinese inbound travelers to the Philippines surged by 235 percent year-on-year in the first two months of 2024, a Philippine lawmaker said Sunday. Citing data from the Philippines' Department of Tourism, Representative Marvin Rillo, vice chairperson of the committee on tourism in the House of Representatives, said that 82,314 Chinese travelers entered the Philippines in January and Febru.....»»
Philippines to host Volleyball Men s World Championship 2025
MANILA, March 21 (Xinhua) -- The Philippines is set to host the Federation Internationale de Volleyball (FIVB) Men's Volleyball Championship in 2025 after winning the bid on Wednesday night. Tourism Secretary Christina Garcia Frasco welcomed the hosting opportunity, saying the country is looking forward to the success of the global sports event. "The Philippines' hosting of this global volleyball event bo.....»»
Chocolate Hills resort sarado na, hirit ng Bohol gov: We want to find the truth
HABANG mainit pa ang kontrobersiya sa viral resort sa gitna ng Chocolate Hills, pinatawag ni Bohol Governor Aris Aumentado ang ilang opisyal ng Sagbayan, Bohol. Ito ay para mabigyang-linaw ang ginawang pagpapatayo at operasyon ng Captain’s Peak Garden and Resort sa nasabing lugar. Ayon sa gobernador, makikipagpulong siya kay Sagbayan Mayor Restituto Suarez III, sa.....»»
Chocolate hills resort: Bohol governor tells DENR to take legal action ASAP
CEBU CITY, Philippines—The provincial government of Bohol wants to find out how the controversial resort located within the famous Chocolate Hills was allowed to construct and operate despite an investigation that started way back in 2018. Bohol Governor Erico Aris Aumentado on Thursday, March 14, 2024, urged the Department of Environmental and Natural Resources (DENR).....»»
Aumentado pushes P100M rehab of Alona Beach in Panglao
MANDAUE CITY, Cebu — Bohol Governor Erico Aris Aumentado said that he was in close coordination with Tourism Infrastructure and Enterprise Zone Authority (TIEZA) for the planned rehabilitation of Alona Beach in Panglao town. The project is estimated to cost at least P100 million, Aumentado said in an advisory that was posted on his social.....»»
Bohol recognized for excellence in DRRM, humanitarian assistance
MANDAUE CITY, Cebu – The Bohol Provincial Government was recognized for its excellence in disaster risk reduction management and humanitarian assistance. Governor Erico Aris Aumentado received the 2023 Gawad KALASAG Seal (Beyond Compliant Category) from Secretaries Gilberto Teodoro of the Department of National Defense and Benjamin Abalos Jr. of the Department of Interior and Local.....»»
Bohol : Plans to convert old Tagbilaran airport into an IT Park pushed
MANDAUE CITY, Cebu — The Bohol Provincial Government is pursuing its plan to convert the old airport in Tagbilaran City into an IT Park that will especially accommodate BPO locators. In a social media post on Thursday, November 30, Governor Erico Aris Aumentado said in an advisory that he met with officials of the Civil.....»»
Palawan officials assert territorial claim
PUERTO PRINCESA CITY, Palawan — The provincial government here disclosed on Tuesday that a delegation of its officials will embark on a journey to the West Philippine Sea to perform a “symbolic” coconut tree planting activity, showcasing their solidarity with the nation’s territorial claim amidst ongoing challenges from China’s assertive behaviors. Provincial board member Aris Arzaga said that the group will depart Puerto Princesa City on 20 August and two days after, they will conduct the coconut tree planting on Pag-asa Island which serves as the municipal government seat of the town of Kalayaan. Arzaga explained that the tree planting endeavor is a joint effort involving the Kalayaan municipal government, the Armed Forces of the Philippines and the Philippine Coast Guard to display unity and reinforce the nation’s territorial assertion over the West Philippine Sea. “This will allow us to demonstrate to the world that these territories belong to us, as decided by the Permanent Court of Arbitration,” Arzaga said. Highlighting its profound importance, the provincial board member emphasized that the coconut tree planting signifies not only the assertion of territorial claims in disputed waters but also a showcase of unity among Palawan residents. Meanwhile, board member Ryan Maminta conveyed his support for President Ferdinand Marcos Jr.’s recent clarification, affirming the absence of any agreement between the Philippines and China regarding the removal of the stranded vessel BRP Sierra Madre from Ayungin Shoal. The post Palawan officials assert territorial claim 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......»»
BSP to absorb P360B excess liquidity
The Bangko Sentral ng Pilipinas will absorb P360 billion in excess liquidity from its recent cut in the reserve requirement ratio, British bank HSBC said on Friday. In an emailed commentary, HSBC economist Aris Dacanay clarified that the RRR cut by 250 basis points (bps) for major banks would cause "much extra liquidity." He explained that BSP's relief measure would also end on 30 June, coinciding with the reserves ratio reduction. "We estimate the net effect to be P87.7 billion. This will be a net injection of liquidity in the system, but a limited one, given that it represents just 6.3 percent of the excess liquidity currently being absorbed by the BSP," Dacanay said. He explained that the RRR cut "will be slightly larger than the relief provided by the pandemic-era measures on reserves." However, he estimated that the net effect on liquidity would be "positive but limited." According to Dacanay, the market had anticipated a smaller reduction in the RRR of 200 bps, aligning with the expiration of the relief measure that permitted banks to use loans extended to micro, small, and medium enterprises and eligible large enterprises to meet the reserve requirement. As of April, banks had used P302.4 billion in loans as an alternative compliance method for the reserve requirement. Among this total, P236.9 billion were loans to MSMEs, while P65.5 billion were borrowed by large independent enterprises not affiliated with conglomerates. However, Dacanay pointed out that the BSP's securities facility, which now includes additional tenors and the introduction of 56-day BSP bills on 30 June, enables the central bank to effectively absorb the excess money supply. This suggests that the central bank is adequately prepared to address surplus liquidity. "As communicated by the BSP, we don't think the RRR cut will affect monetary policy and the central bank's battle against inflation," Dacanay said. "On the same day as the RRR cut, the BSP will be issuing its new tool to absorb liquidity in the system -- the 56-day BSP bill. The liquidity injected by the RRR cut will likely be absorbed by this new tool on that same day," he added. He added that "the timing (of the RRR cut) is important since without the relief measures expiring, the RRR cut may be interpreted as a dovish signal by the BSP at time when inflation is high." The post BSP to absorb P360B excess liquidity appeared first on Daily Tribune......»»
Bohol gov, mayors oppose transfer of 375 cops to Negros Oriental
MANDAUE CITY, Cebu — Bohol Governor Erico Aris Aumentado is unhappy with the planned transfer of over 300 policemen from their island province to Negros Oriental to replace policemen there who were recently relieved from their current positions. Aumentado said he shared the sentiments of Bohol mayors, whose respective police forces would also be affected […] The post Bohol gov, mayors oppose transfer of 375 cops to Negros Oriental appeared first on Cebu Daily News......»»
Aumentado: Israel trip opened opportunities for employment, direct flights to Bohol
MANDAUE CITY, Cebu — His recent travel to Israel provided an opportunity to partner with the foreign government in the hiring of skilled Boholano workers. Bohol Governor Aris Aumentado said that Rafael Harpaz, deputy director for Asia & the Pacific of the Ministry of Foreign Affairs, told him that their country would be prepared to […] The post Aumentado: Israel trip opened opportunities for employment, direct flights to Bohol appeared first on Cebu Daily News......»»
Gov. Aumentado: Bohol remains ASF-free
MANDAUE CITY, CEBU – Alarmed by the reported case of the African Swine Fever (ASF) in Cebu, the Bohol provincial government is trying to up its guard in order to protect its swine industry. In a statement, Governor Aris Aumentado said they needed to find means the soonest possible time to prevent the entry of […] The post Gov. Aumentado: Bohol remains ASF-free appeared first on Cebu Daily News......»»
Aumentado: 10,000 South Koreans to visit Bohol in next 3 months
TAGBILARAN CITY, Bohol — At least 10,000 South Korean tourists are expected to visit the Province of Bohol in the next three months giving the local tourism industry hope for the continued recovery of the sector that was badly hit by the COVID-19 pandemic. Governor Aris Aumentado said guests would be expected to come in […] The post Aumentado: 10,000 South Koreans to visit Bohol in next 3 months appeared first on Cebu Daily News......»»
Aumentado, Cobonpue to lead RDC-7
CEBU CITY, Philippines — President Ferdinand “Bongbong” Marcos, Jr., has appointed Bohol Gov. Erico Aris Aumentado and businessman Keneth Cobonpue as chairman and co-chairman, respectively, of the Regional Development Council in Central Visayas (RDC-7). In a statement posted on the official Facebook page of the NEDA 7 on Friday, October 21, 2022, Aumentado’s appointment was […] The post Aumentado, Cobonpue to lead RDC-7 appeared first on Cebu Daily News......»»
Mighty NU destroy UE by 84 points in Season 85 opener, inch closer to 100th straight win
NU, who now parade a new coach in Aris Dimaunahan after multi-titled tactician Pat Aquino stepped down from his post earlier this year, hardly broke a sweat against UE whom they dominated form the get-go for their 97th straight win — which also set a new record of points scored in a UAAP women's basketball game......»»