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BSP to further relax forex rules

The Bangko Sentral ng Pilipinas may further relax its rules and regulations governing foreign exchange transactions in a bid to attract more foreign investments into the country......»»

Category: financeSource:  philstarRelated NewsJan 25th, 2024

‘Quiboloy warrant stands despite SMNI franchise revocation’

Despite the revocation of the franchise of Sonshine Media Network International (SMNI), the arrest warrant issued against pastor Apollo Quiboloy by the House of Representatives committee on legislative franchises still stands......»»

Category: newsSource:  philstarRelated NewsMar 23rd, 2024

Signature campaign for Charter change: ‘Rife with anomalies’

IBON Foundation notes that the logic behind the push for economic Cha-cha is “fundamentally flawed.” “More foreign investment does not mean development,” IBON states, adding that despite the increase in annual foreign investment inflows since the 1980s, this did not translate to growth and development for the Philippine economy. The post Signature campaign for Charter change: ‘Rife with anomalies’ appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsFeb 5th, 2024

Fish catch in West Philippine Sea grows despite tensions with China

Despite rising tensions with China, the Philippines expanded its fish catch in the West Philippine Sea (WPS) last year to a four-year high of over 200,000 metric tons on the back of higher state support to fishermen......»»

Category: financeSource:  philstarRelated NewsMar 24th, 2024

Police: No truth to bomb threat at PI’s prayer rally

The Davao City Police Office (DCPO) has debunked a text message claiming a bomb threat at the People's Initiative (PI) “Unity for One Nation, One Prayer” rally in San Pedro Square. The message warned of possible explosions at Rizal Park, one of the rally venues. Despite the lack of credible threats, the police urged vigilance and cooperation from the public for safety. Approximately 300 police personnel were deployed to secure various rally points, with additional support from volunteers and security clusters. Task Force Davao also activated a high alert status as part of the city's security measures. Captain John Louie Dema-ala confirmed that the circulating threat was unfounded and aimed at intimidating rallyists. Despite this, nearly 17,000 Dabawenyos joined the rally to oppose the proposed Charter change (Cha-cha) movement. The police and security forces remain vigilant and are conducting ongoing investigations into the social media threat......»»

Category: sportsSource:  abscbnRelated NewsJan 29th, 2024

Romualdez: Trilateral summit pagkilala sa foreign policy ni Marcos

Nanindigan si Speaker Ferdinand Martin Romualdez na ang trilateral summit ng Estados Unidos, Japan at Pilipinas ay isang pagkilala sa pamumuno at foreign policy ni Pangulong Bongbong Marcos. The post Romualdez: Trilateral summit pagkilala sa foreign policy ni Marcos first appeared on Abante......»»

Category: newsSource:  abanteRelated NewsApr 11th, 2024

Imee: EO 57 draws foreign interference, harmful to PH

MANILA, Philippines —  The measure beefing up the country’s maritime security, recently signed by President Ferdinand “Bongbong” Marcos Jr., is seen by the President’s elder sister, Senator Imee Marcos, as welcoming ‘many Trojan horses’ of foreign interference. The senator, who also heads the Senate panel on foreign relations, was pertaining to Executive Order No. 57,.....»»

Category: newsSource:  inquirerRelated NewsApr 1st, 2024

PH media slam Chinese foreign ministry’s claims of manipulating WPS reports 

Philippine media groups criticized the Chinese foreign ministry for suggesting that recent reports on Chinese harassment of Filipino vessels in the West Philippine Sea involved video manipulation and sensationalism to portray the Philippines as a victim. The Foreign Correspondents Association of the Philippines (Focap) and National Union of Journalists of the Philippines (NUJP) expressed offense.....»»

Category: newsSource:  inquirerRelated NewsMar 28th, 2024

Philippines, Japan, US foreign officials prepare for tri-summit

As the Philippines prepares for a trilateral summit with Japan and the US on April 11, Foreign Affairs Undersecretary Ma. Theresa Lazaro met on Thursday in Tokyo with Japanese Vice Foreign Minister Okano Masataka and US Deputy Secretary of State Kurt Campbell to discuss regional security issues and economic cooperation......»»

Category: newsSource:  philstarRelated NewsMar 22nd, 2024

DepEd objects to foreign control of schools via Cha-cha, cites national security risk

The Department of Education on Monday drew the line at allowing foreign “entities” to own schools in the Philippines as proposed in two Charter change resolutions, saying that the entry of 100% foreign-operated schools in basic education will pose a threat to students’ sense of nationality and the country’s security......»»

Category: newsSource:  philstarRelated NewsMar 5th, 2024

Philippines diploma mill rep may attract low-tier foreign universities, expert warns

The Philippines' reputation for having so-called “diploma mills” makes it vulnerable to the entry of substandard foreign universities if proposals to open up higher education to foreign ownership push through, an education expert warned during a Senate hearing on Charter change......»»

Category: newsSource:  philstarRelated NewsFeb 22nd, 2024

Consented foreign divorce

Can a foreign divorce by mutual consent between the Filipina spouse and her foreign spouse be recognized in this jurisdiction?.....»»

Category: newsSource:  philstarRelated NewsFeb 15th, 2024

Why attract foreign investors?

Do we really need to revise our Constitution to attract foreign investors? It will help. We have provisions in our current Constitution that deliver the message that foreign investors are not welcome......»»

Category: financeSource:  philstarRelated NewsFeb 7th, 2024

Marcos vows sustained job creation as unemployment drops

President Marcos assured the public that his administration would sustain measures that create jobs, lure investments and upgrade the skills of workers after the Philippines recorded a drop in unemployment rate last month......»»

Category: newsSource:  philstarRelated NewsFeb 8th, 2024

Hotshots still underdogs vs Beermen, Victolero admits

Despite tying the PBA Commissioner’s Cup Finals, the Magnolia Hotshots are still considering themselves the underdogs against the San Miguel Beermen......»»

Category: newsSource:  philstarRelated NewsFeb 11th, 2024

Davao Light pushes for paperless billing

The Davao Light and Power Co., Inc. (Davao Light) is advocating for paperless billing, citing its positive impact on the environment. Fermin Edillon, the head of the Reputation Enhancement Department at Davao Light, emphasized the company's large customer base and the significant paper consumption associated with traditional billing. He highlighted the environmental benefits of opting for paperless bills, urging Dabawenyos to consider this eco-friendly alternative. Despite the availability of paperless billing options, Edillon acknowledged that some still prefer traditional paper bills. However, Davao Light has enhanced its paperless bill services, offering options such as the MobileAP app for internet users and the Ebill text option for those without internet access. While promoting paperless billing, Edillon clarified that traditional paper bills will still be available. Residents expressed support for paperless billing, citing its convenience, but also emphasized the need for considerations, especially for those less proficient with technology. The push for paperless billing aligns with efforts to reduce environmental impact and enhance customer convenience......»»

Category: newsSource:  sunstarRelated NewsJan 27th, 2024

Alvarez won’t drop drive on Mindanao secession

DESPITE mixed opinions on the idea of Mindanao seceding from the Philippines, former House Speaker and current Davao del Norte First District Representative Pantaleon "Bebot" Alvarez is not giving up on his advocacy......»»

Category: newsSource:  sunstarRelated NewsFeb 16th, 2024

53% drop in Davao City’s road accidents: DCPO-TEU

The Davao City Police Office-Traffic Enforcement Unit (DCPO-TEU) has reported a significant 53% decrease in road accidents during the first 16 days of 2024 compared to the same period in 2023. Deputy Chief Pcpt. Raymundo B. Bacera Jr. revealed these statistics during the ISpeak media forum, citing 213 recorded incidents in 2023, compared to only 102 in 2024. He noted a reduction in the number of vehicles involved, from 120 to 51. Human error was identified as the primary cause of accidents, accounting for 97% of cases, while vehicle defects and road defects contributed to 2% and 1% of incidents, respectively. Private vehicles were involved in 40% of the accidents, with common human errors including texting/calling while driving, overtaking, and speeding. The peak hours for accidents were identified as between 2 pm to 4 pm. Despite the implementation of the New Speed Limit Ordinance, which came into effect on January 11, 2024, Dionisio Abude, head of the City Transport and Traffic Management Office (CTTMO), emphasized that the ordinance cannot guarantee the absence of road incidents, highlighting the critical role of driver behavior and driving habits. Since the ordinance's enforcement, CTTMO and DCPO-TEU have issued citations to 730 violators, with private vehicles constituting 49% of the total, followed by motorcycles, taxis, trucks, public utility jeepneys, buses, and public utility vans......»»

Category: newsSource:  sunstarRelated NewsJan 18th, 2024

10th ID bashes Canadian gov’t for travel advisory vs Mindanao

The 10th Infantry Agila Division (10ID) of the Philippine Army criticized the Canadian government for issuing a travel advisory against all parts of Mindanao, which includes their area of responsibility. Major Mark Anthony Tito, spokesperson for the 10th ID, emphasized that the regions under their jurisdiction are peaceful and free from terrorism and violent threats, contrary to the Canadian embassy's advisory. The division oversees 12 provinces, seven cities, and 72 municipalities in various parts of Mindanao. Tito expressed bewilderment at the basis of the travel advisory, asserting that the Canadian government lacks awareness of the actual situation on the ground. He highlighted the peaceful nature of the entire Davao Region throughout 2023, with no recorded incidents of terrorism or insurgency. Despite the exclusion of Davao City from the advisory, Tito noted that the region would still be impacted. The Canadian embassy's advisory warned its citizens to avoid visiting Mindanao due to ongoing terrorism, civil unrest, kidnapping, high levels of violence, and encounters between rebel forces and government security authorities. Specific provinces and regions were singled out for caution or non-essential travel, including Northern Mindanao, Soccsksargen, and Eastern Mindanao. Contrary to the advisory, the 10th ID has been actively weakening and eliminating guerilla forces within its jurisdiction as part of the Philippine Army's efforts to establish an insurgency-free zone. In fact, on October 27, 2023, the Davao Region celebrated its first anniversary as an insurgency-free region in the Philippines. This dispute has led to other related stories, including the Chamber's intention to engage in discussions with the Canadian government regarding the travel advisory, as well as refutations from the Mindanao Development Authority (MinDA) and celebrations of the Davao Region's insurgency-free status by the Regional Peace and Order Council. In summary, the 10th ID vehemently opposes the Canadian government's travel advisory, citing the peaceful and secure nature of the regions under their jurisdiction, and highlighting the significant strides made in eradicating insurgency in the Davao Region......»»

Category: newsSource:  sunstarRelated NewsJan 30th, 2024

Philippines FDI net inflows drop by 29.6 pct in October

MANILA, Jan. 10 (Xinhua) -- Foreign direct investment (FDI) that flowed into the Philippines declined year-on-year by 29.6 percent in October 2023 to 655 million U.S. dollars, the country's central bank said Wednesday. The Bangko Sentral ng Pilipinas (BSP) said the latest figure brought the country's FDI net inflows from January to October 2023 to 6.5 billion dollars, a 17.5 percent decline from the same period.....»»

Category: newsSource:  manilanewsRelated NewsJan 12th, 2024