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Ohtani to address theft allegations against interpreter

Shohei Ohtani's interpreter got fired by the Dodgers amid allegations that he stole from the player to pay off gambling debts.....»»

Category: newsSource:  rapplerRelated NewsMar 25th, 2024

NAIA sale to pay debts

Amid the excitement over the successful privatization of NAIA’s rehab and operation, Finance Secretary Ralph Recto mused about the future of NAIA beyond the 15-year San Miguel concession period......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024

While Rome burned

The 15th day of March is historically referred to as The Ides of March, the 74th day of the Roman calendar which was the last day of settling debts or paying your “utang” in the Roman empire. Another thing I recall from Roman history is the claim of some writers that “while Rome burned, the Emperor Nero played a violin.”.....»»

Category: newsSource:  philstarRelated NewsMar 10th, 2024

Globe gets P1.5 billion from tower sale

Wireless giant Globe Telecom has received P1.5 billion from its tower sale with PhilTower Consortium Inc., pumping in additional cash to pay for capital expenditures and maturing debts......»»

Category: financeSource:  philstarRelated NewsFeb 8th, 2024

E. Visayas ARBs grateful over signing of new agrarian law

Republic Act 11953 or the New Agrarian Emancipation Act freed ARBs from debts incurred from amortization of lands awarded under Presidential Decree 27 and Republic Acts 6657 and 9700......»»

Category: newsSource:  samarnewsRelated NewsJan 15th, 2024

[Two Pronged] My mom keeps asking me to send money for my sister’s gambling debts

'Two years ago I said enough was enough and sent money only for my mother’s expenses, no matter how much she asked me to help, no matter how big my sister’s gambling problem seemed. She did not talk to me for two months.'.....»»

Category: newsSource:  rapplerRelated NewsJan 14th, 2024

Budget releases, utilization up in Q1

he government increased its releases of cash allocations with state agencies as of the first quarter following the record P5.768-trillion budget this year......»»

Category: newsSource:  philstarRelated NewsApr 24th, 2024

Unprogrammed appropriations boosted 2023 budget by P374 billion

The government has included a P374-billion additional program, on top of the P5.268 trillion national budget in 2023, the bulk of which were unprogrammed appropriations......»»

Category: financeSource:  philstarRelated NewsMar 12th, 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

Para sa ekonomiya: The need for regulatory coherence

The Department of Trade and Industry said that in 2023, President Ferdinand Marcos Jr.’s trips abroad generated up to P4 trillion in foreign investments......»»

Category: newsSource:  philstarRelated NewsApr 26th, 2024

‘Ghostbusters: Frozen Empire’ registers ‘unique, impressive’ opening – analyst

"Ghostbusters: Frozen Empire" scared its way to the top of the North American box office, taking in an estimated $45.2 million (about P2.5 trillion) in what one analyst called a "unique and impressive opening” at the end of last month......»»

Category: newsSource:  philstarRelated NewsApr 15th, 2024

185 infrastructure projects to take off after PPP rules signing

An estimated P9.14 trillion worth of 185 flagship projects under the administration of President Marcos may soon commence, following the signing of the implementing rules and regulations of Republic Act 11966 or the Public-Private Partnership Code, lawmakers said......»»

Category: CCCCCCSource:  philstarRelated NewsApr 15th, 2024

PPP Code to spur more infrastructure projects

An estimated P9.14 trillion worth of 185 flagship projects under the Marcos administration may soon commence following the signing of the implementing rules and regulations of the Public-Private Partnership Code, according to lawmakers......»»

Category: financeSource:  philstarRelated NewsMar 30th, 2024

Creative economy grows to P1.72 trillion

The value of the country’s creative economy rose by 6.8 percent in 2023 from a year ago as the sector employed more people, according to the Philippine Statistics Authority......»»

Category: financeSource:  philstarRelated NewsMar 23rd, 2024

BIR attempts ‘friendly’ tack

February is not just the love month, it also marks the start of a yearlong campaign for the Bureau of Internal Revenue (BIR) to encourage the public to pay their tax obligations. After all, collecting P3.05 trillion is no easy task......»»

Category: financeSource:  philstarRelated NewsMar 23rd, 2024

The Wallenberg whirlwind trip

It may have been a quick three-day trip to the Philippines of a member of Sweden’s richest business family, but Mr. Marcus Wallenberg, chairman of both SEB, a leading North European financial group with a current market value of $30.61 billion (approximately P1.7 trillion) as of March 2024, and Saab, a prominent Swedish defense and security company with a market value of $10.36 billion (roughly P580.18 billion) as of the same period, managed to pack in several key meetings on his second day......»»

Category: financeSource:  philstarRelated NewsMar 18th, 2024

Financial system resources up 9 percent in January

The total resources of the country’s financial system continued to breach the P30-trillion level, rising by almost nine percent as of end-January, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed......»»

Category: newsSource:  philstarRelated NewsMar 15th, 2024

Renewable energy makes up bulk of investment leads – BOI

The Philippines continues to attract investments in renewable energy as the sector accounted for most of the projects in the more than P2 trillion investment leads tracked by the Board of Investments (BOI)......»»

Category: newsSource:  philstarRelated NewsMar 3rd, 2024

NEDA approves 23 new priority infrastructure projects

The National Economic and Development Authority Board has approved the inclusion of 23 projects in the list of infrastructure flagship projects to be prioritized under the current administration, bringing the total cost to P9.14 trillion......»»

Category: financeSource:  philstarRelated NewsFeb 27th, 2024

Global Cybercrime Treaty: A delicate balance between security and human rights

 Cybercrime is a multi-trillion-dollar business. Drugs and weapons are being bought on the "dark web", fraudsters are fleecing members of the public in elaborate online scams, and terrorists are grooming supporters and recruiting fighters. Recognizing the growing dangers of cybercrime, the UNhas set.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 27th, 2024