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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......»»
Peso underperformance likely to continue – MUFG
The Philippine peso may continue to underperform against the dollar this quarter amid the country’s wide current account deficit and expensive foreign exchange valuations, Tokyo-based MUFG Bank said......»»
John Arcilla says taking care of aging parents normal, natural duty
The topic of taking care of aging parents has seen divided opinions, but for award-winning actor John Arcilla, it is a "natural and normal duty" to take care of them. .....»»
Market tumbles below 6,800 amid profit taking
The stock market fell below the 6,800 level yesterday as investors continued to engage in profit taking following its recent rally......»»
Red Sea crisis exposing EU energy weakness - FT
Diesel prices have jumped amid fears of disruptions in supply to the bloc, according to the outlet The surge in global diesel prices to an almost three-month high amid shipping disruptions is threatening to test the resilience of EU economies, the Financial Times reported on Wednesday. The rising p.....»»
Lascañas, ex-cop, claims Sara Duterte ‘invented’ Tokhang
MANILA, Philippines — A confessed Davao Death Squad (DDS) gunman claimed that “Oplan Tokhang,” the brutal “knock and plead” anti-drug operation carried out by former President Rodrigo Duterte’s administration was a brainchild of then Davao City Mayor Sara Duterte. The confessed DDS gunman also claimed that the brother of then Mayor Sara Duterte, then Vice.....»»
Marcos: Philippines ‘trying everything’ to lower tensions with China
“We are trying everything. We still continue to talk at a ministerial level, at a sub-ministerial level, at a people-to-people level,” Marcos said. .....»»
Marcos: Philippines ‘trying everything’ to lower tensions with China
“We are trying everything. We still continue to talk at a ministerial level, at a sub-ministerial level, at a people-to-people level,” Marcos said. .....»»
Pantabangan Dam may hit critical level by end-April
The water level in Pantabangan Dam in Nueva Ecija may reach critical level by the end of April, affecting irrigation supply, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration......»»
Peso may outperform peer currencies this year
The peso is seen outperforming other currencies in the region this year, but is not likely to strengthen against the dollar due to expectations of delayed rate cuts and the Philippines’ trade deficit, according to British banking giant HSBC......»»
Delivery drivers urge Mayor Baste for business permit exemption
Title: Delivery Drivers Seek Exemption from Business Permit Requirement A group of delivery drivers in Davao is urging Mayor Sebastian Duterte to exempt them from the mandatory business permits. The drivers, including those from various delivery apps such as Grab and FoodPanda, are concerned about the financial burden imposed by the business permits, which range from P2,000 to P6,000. They argue that this requirement is unique to Davao City among all cities and provinces in the Philippines. Grab rider Rolando Atico emphasized the need for solidarity among all delivery drivers, regardless of the app they work for. He urged fellow drivers to support each other, as the financial impact may extend beyond just Grab and FoodPanda. Atico also requested Mayor Duterte to reconsider the requirement and reinstate the previous occupational permit, which only cost P125. The group is facing a 30-day deadline to obtain the business permits, and they are citing financial constraints as a reason for their request for an extension. Failure to comply could result in their removal from the delivery platforms, jeopardizing their livelihoods. Additionally, they are advocating for changes to Davao City's Revenue Code, proposing a model similar to Cebu City, where only an occupational permit is required. The drivers are also calling for an inquiry into the lack of transparency and unilateral actions of food delivery companies, particularly concerning rider capitalization and financial concerns. They believe that a thorough investigation will help ensure fairness and equity in their financial obligations and working relationship with the delivery companies. Maribel Paguican, the Business Bureau officer-in-charge, stated that non-certified delivery riders categorized as service contractors must obtain a business permit. She mentioned two permits for occupational and business activities, with a discounted structure for delivery riders. However, concerns have been raised about increased taxes, potentially ranging from P3,000 to P6,000, along with an additional tax on top of the declared income of P1,400. The delivery drivers' plea for exemption from the business permit requirement reflects their concerns about the financial impact and the potential threat to their livelihoods. Their call for solidarity and support from fellow drivers highlights the urgency of the situation. This story sheds light on the challenges faced by delivery drivers in Davao and the implications of the business permit requirement on their financial well-being. It also underscores their efforts to seek fairness and equity in their working relationship with the authorities and delivery companies......»»
Lotilla dinikdik sa power crisis
Kinastigo ni Senador Chiz Escudero ang Department of Energy dahil sa pagkabigo nilang inspeksyunin ang mga power plant bago ang mga unscheduled shutdown na nagpanipis sa suplay ng kuryente sa Luzon at Visayas. The post Lotilla dinikdik sa power crisis first appeared on Abante......»»
Cebu City declares water crisis
The city government of Cebu yesterday declared a water crisis due to the impact of the El Niño phenomenon......»»
A serious humanitarian crisis
A serious humanitarian crisis.....»»
Sudan is on course to become the world s worst hunger crisis, with children already dying, UN says
Sudan is on course to become the world s worst hunger crisis, with children already dying, UN says.....»»
Bangkal Elementary School appeals for help amid power outage crisis
Bangkal Elementary School appeals for help amid power outage crisis.....»»
Training program on dealing with controversies, crisis
The Center for Global Best Practices will host an SEC-accredited training program, titled “Dealing with Controversies and Crisis Communication,” on April 17, 2024 from 1:30 to 4:45 p.m. via Zoom......»»
Frasco seeks House probe on Metro Cebu traffic crisis
MANDAUE CITY, Cebu – On Valentine’s Day, Feb. 14, Deputy Speaker and Cebu 5th District Rep. Vincent Franco “Duke” Frasco filed House Resolution No. 1592 that directs the House Committees on Transportation and Good Government and Public Accountability to investigate the traffic crisis that is currently affecting Metro Cebu and identify possible solutions to said.....»»
Vocation Month launched to address lack of priests and nuns
CEBU CITY, Philippines — There is a crisis in religious vocation and formators in Cebu are hoping to encourage more people to consider being a nun or priest by working together and reaching out to the young during this vocation month of February. There is a “crisis” in the decrease of the number of people.....»»
Red Sea crisis could draw investments to Philippines – ECCP
The Red Sea crisis may serve as an opportunity for the Philippines to attract more European companies into the country, according to the European Chamber of Commerce of the Philippines......»»