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Woman yields P7 million shabu in Bohol drug bust; 2 nabbed in Cebu City
Woman yields P7 million shabu in Bohol drug bust; 2 nabbed in Cebu City.....»»
Philippines foreign investments yield net outflows in December
MANILA, Jan. 25 (Xinhua) -- The Philippines' foreign investments yielded net outflows of 205 million U.S. dollars in December 2023, the Philippine central bank said Thursday. The Bangko Sentral ng Pilipinas (BSP) said the December net outflow resulted from the 1.3 billion dollars in gross outflows and the 1.1 billion dollars gross inflows for the month. "The recorded net outflows are a reversal of the 673.....»»
Philippines foreign investments yield net outflows in December
MANILA, Jan. 25 (Xinhua) -- The Philippines' foreign investments yielded net outflows of 205 million U.S. dollars in December 2023, the Philippine central bank said Thursday. The Bangko Sentral ng Pilipinas (BSP) said the December net outflow resulted from the 1.3 billion dollars in gross outflows and the 1.1 billion dollars gross inflows for the month. "The recorded net outflows are a reversal of the 673.....»»
PMI, ARQ, ZIP Sanman boxers feted in first Elorde-Pacquiao Boxing Awards
CEBU CITY, Philippines — Central Visayas was well-represented during the inaugural Elorde-Pacquiao Boxing Awards at Okada Manila last Sunday, March 24th. This was after 13 of Central Visayas’ best boxers from Cebu and Bohol were feted for their achievements in 2023. They were headed by none other than former World Boxing Organization (WBO) world minimumweight.....»»
2.4M Dabawenyos working as of Oct 2023
The October 2023 Preliminary Employment report by the Philippine Statistics Authority-Davao Region (PSA-Davao) reveals that 64 percent of the 3.780 million Dabawenyos aged 15 and above are part of the labor force, indicating that 2.42 million individuals are employed. This represents a 1.8 percentage point increase from the previous year. The report also highlights a 97.1 percent employment rate in the Davao Region as of October 2023, with a 2.9 percent unemployment rate, lower than the national average. Despite this, the region still maintains the highest employment rate in the Philippines. Additionally, the report compares employment rates across different regions, with Soccsksargen, Barmm, Central Luzon, CAR, Caraga, Western Visayas, Cagayan Valley, Mimaropa, and Central Visayas surpassing the national average. The Bangsamoro Autonomous Region in Muslim Mindanao (Barmm) records the highest labor force participation rate among 17 regions, while the Zamboanga Peninsula has the lowest rate. The data is collected through the Labor Force Survey (LFS) conducted quarterly and monthly by the PSA central office and its regional statistical services offices. The Davao Region, with nearly 6 million inhabitants, remains the 7th most populous region in the country......»»
Biz Bureau surpasses 43-K permit renewals
The Davao City Business Bureau has achieved a significant milestone by processing over 43,000 business permit renewals as of January 29, 2024, surpassing last year's numbers. Maribel Paguican, the Head of the Business Bureau, revealed this accomplishment in a radio interview on January 30, 2024. She highlighted the bureau's performance, stating that they had already exceeded the previous year's figures by 270 renewals. Despite the positive outcome, Paguican acknowledged that they are still short of reaching the 46,000 permits issued the previous year. With approximately 2,890 renewals remaining, including 291 applicants considering retirement, the bureau anticipates around 2,599 renewal applicants. Paguican emphasized the upcoming retirement deadline on January 31, urging business owners to comply to avoid penalties ranging from P1,000 to P5,000. She also advised on the required documentation for retirement, emphasizing the importance of submitting the necessary paperwork to facilitate the process......»»
FPRRD opposes disguised Charter change initiative
Former President Rodrigo R. Duterte has vehemently opposed the disguised People’s Initiative for Charter change, denouncing the cash-for-signature campaign as repugnant and a disgraceful act during a YouTube interview with Banateros Brothers on January 22, 2024. Duterte emphasized his disapproval of the initiative, urging for it to be halted, particularly criticizing the payment of individuals to sign the documents. He warned that such actions could lead to a new Constitution that might destroy the nation and open avenues for political abuses. Duterte stressed the importance of democracy in the Philippines, asserting that those seeking to remain in power should go through the electoral process. He highlighted that a well-performing and non-corrupt individual would retain power, while those with poor performance would be ousted through the electoral process. Expressing satisfaction with the current Constitution, Duterte argued that it has contributed to stability, reducing conflicts with groups like the New People's Army (NPA). He strongly advised against meddling with the Constitution, cautioning that it would only bring trouble to the country. Duterte pledged active opposition to the initiative, stating that he would campaign against it. Additionally, residents of Calinan District, Vice President Sara Duterte, and Representatives Isidro Ungab and Paolo Pulong Duterte have also voiced opposition to the People's Initiative for Charter Change. Margarita Atty. Migs Nograles, the representative of the Pwersa ng Bayaning Atleta (PBA) Partylist, alleged to have started the cha-cha signature campaign, has yet to issue an official statement on the matter as of the latest update. Related stories include the denouncement of alleged `vote buying’ in signing the petition for Cha-cha by Davao City lawmakers, Vice President Duterte's condemnation of the cash-for-signature drive, and a prayer rally against PI’s Cha-cha on Jan 28......»»
BSP onboards 1st nonbank electronic money issuer
The Bangko Sentral ng Pilipinas (BSP) achieved a significant milestone by welcoming OmniPay, Inc. as the first nonbank electronic money issuer (EMI) participant in its Real Time Gross Settlement (RTGS) payment system, PhilPaSSplus. This move aligns with the National Payment Systems Act and signifies a more inclusive national payment system, allowing nonbank financial institutions to conduct efficient and low-risk funds transfers directly through the central bank. Assistant Governor Mary Anne P. Lim emphasized the BSP's commitment to safeguarding the entire Peso RTGS payment system amidst global trends of diversified participation. With 236 institutions, including various banks and nonbank entities, utilizing PhilPaSSplus for large value transactions and retail payment clearing, the BSP's initiative reflects a broader trend of central banks facilitating direct access for nonbank entities to settlement services. This development comes as international standard-setting bodies work on access guidelines to manage risks in evolving payment systems with new players and financial technologies......»»
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......»»
Tagbilaran drug den: Couple, drug den visitor arrested
CEBU CITY, Philippines – Authorities arrested on Thursday a couple for allegedly running a suspected drug den inside their house in Tagbilaran City, Bohol. The live-in partners were nabbed during a buy–bust operation inside their house in Purok 2, Barangay Cogon, Tagbilaran City, Bohol. The suspects were identified as Sarah Jane Espejo, 29, a sidewalk.....»»
Central Visayas cops told to take cover….against the sun
CEBU CITY, Philippines – Central Visayas cops specially those who are out on the streets are reminded to always protect themselves against the scorching heat. Police Lieutenant Colonel Gerard Ace Pelare, PRO-7 spokesperson told policemen to always keep themselves hydrated in order to be fit to work despite the hot weather. Ever since summer began,.....»»
Holy Week drugs: CV police seize P39.3M in illegal drugs
CEBU CITY, Philippines – Holy Week drugs worth P39,370,368 were seized by Central Visayas police who also apprehended 1,296 suspects during this period. According to data from the Police Regional Office in Central Visayas (PRO-7), this accomplishment was the result of unrelenting police operations conducted from March 24-31, 2024. PRO-7 earlier relayed that this year’s.....»»
4 nabbed in drug den raids in Cebu, Bohol
4 nabbed in drug den raids in Cebu, Bohol.....»»
If he gets elected, Yogi Ruiz warns drug traders to leave Cebu City
CEBU CITY, Philippines — Illegal drug traders were warned by former Bureau of Customs Commissioner (BOC) and former Philippine Drug Enforcement Agency (PDEA)-7 Director Yogi Felimon Ruiz to leave Cebu City within 30 days if he is elected as mayor in the 2025 local and national elections. This was his promise as he is 100%.....»»
Cebu Daily Newscast: 6 Cebu graduates top medical technologists licensure exam 2024
Listen to Cebu Daily Newscast and get the latest stories in and around Cebu. Here’s what you need to know on Wednesday, March 27, 2024. 6 Cebu graduates top medical technologists licensure exam 2024 Six graduates from Cebu universities recently made it to the top 10 list of the Medical Technologists Licensure Examination for March.....»»
The Municipality of Baras and one Barangay in Caramoran Declared Drug-Cleared
In the deliberation conducted by the Regional Oversight Committee on Barangay Drug Clearing (ROCBDC) at nine o’clock in the morning on the 19th of January, the Municipality of Baras was officially declared a “Drug-Cleared Municipality,” while Barangay Baybay in the Municipality of Caramoran was declared a Drug-Cleared Barangay. The activity was led by Dir III […] The post The Municipality of Baras and one Barangay in Caramoran Declared Drug-Cleared appeared first on Bicol Peryodiko......»»
CLOSAP: 3 Barangay Ibo employees fail drug test
CEBU CITY, Philippines—Three out of 88 employees of Barangay Ibo tested positive for drug use in a surprise drug test conducted on Wednesday, February 7, 2024. The drug test was carried out by the City of Lapu-Lapu Office for Substance Abuse Prevention (CLOSAP). CLOSAP executive director Garry Lao reported that one garbage worker and two.....»»
Drug test: 3 Lapu CTMS employees fail random testing
LAPU-LAPU CITY, Cebu- Three Lapu-Lapu City employees tested positive in the random drug test initiated by the city’s anti-drug agency. On Monday, January 22, 115 job order employees from the city hall and traffic enforcers from the City Traffic Management System (CTMS) underwent random testing. Garry Lao, executive director of the City of Lapu-Lapu Office.....»»
Boulevard Holdings Q2 net income down 86% y/y, down 336% q/q
Boulevard Holdings reported a Q2/23 net loss of P33 million, down 86% from its Q2/22 net loss of P18 million, and down 336% from its Q1/23 net income of P14 million......»»
‘Little Cardo Dalisay’ in Cebu nabbed, accused of hurting people who did not give alms
CEBU CITY, Philippines — Harvey Cuervo, 19, dubbed as the Little Cardo Dalisay in Cebu, went viral once again. But this time, not for the right reasons. Cuervo is now detained at the Cebu City Police Station after police arrested him on Sunday midnight, March 10, for illegal possession of firearms. READ: Japanese national nabbed.....»»