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Philippine central bank keeps interest rates unchanged

MANILA, Feb. 15 (Xinhua) -- The Philippine central bank opted Thursday to keep the bank's target reverse repurchase rate unchanged at 6.5 percent, and thus the interest rates on the overnight deposit and lending facilities were kept at 6 percent and 7 percent, respectively. In a statement, the Bangko Sentral ng Pilipinas (BSP) said the Monetary Board noted that the inflation outlook "was broadly unchanged.".....»»

Category: newsSource:  inquirerRelated NewsFeb 15th, 2024

What to consider when investing in condos in 2024

The Philippine property sector, marked by its perpetual dynamism, anticipates a propitious run in 2024. This buoyant outlook is primary driven by the real estate industry’s resilience even in the face of economic downturns......»»

Category: financeSource:  philstarRelated NewsFeb 3rd, 2024

PH Economy Remains Optimistic Amid Global Slowdown

The country is one of the fastest growing economies in East Asia and the Pacific according to the World Bank, foreseeing robust growth despite global economic slowdown. In the latest World Bank Global Economic Outlook report released on Tuesday, the Philippines is expected to maintain its economic growth rate in 2024 at 5.8%, slightly higher […].....»»

Category: newsSource:  metrocebuRelated NewsJan 12th, 2024

VP Sara ready to face ICC charges only before a Filipino court

Vice President Sara Duterte expressed her readiness to confront any allegations against her but insisted that she would only do so in front of a Filipino judge and within the jurisdiction of a Filipino court. In a statement on her Facebook page, she emphasized her refusal to participate in any process that could tarnish the reputation and integrity of the Philippine judiciary system. Duterte adamantly opposed the involvement of foreign entities in the country's legal affairs, citing it as a dishonor to the sacrifices made by Filipino heroes for the nation's freedom. Duterte, who previously served as vice mayor and mayor of Davao City, vehemently denied any involvement in the Davao Death Squad during her terms in office. She expressed dismay over the sudden appearance of a witness against her in the International Criminal Court (ICC) after assuming the vice presidency. Duterte dismissed the accusations and questioned the motives behind the allegations, asserting her capability to accomplish tasks without resorting to unlawful means. In a related development, President Ferdinand Marcos Jr. voiced his refusal to acknowledge the ICC's jurisdiction in the Philippines, considering it a threat to the country's sovereignty. He issued a directive for all government agencies to refrain from cooperating with the ICC, emphasizing the nation's non-recognition of the court's authority. Former senator Antonio Trillanes IV claimed that ICC investigators had gathered substantial evidence against former President Rodrigo Duterte regarding his administration's war on drugs. He anticipated an imminent issuance of an arrest warrant against the former president. Former President Rodrigo Duterte condemned the ICC's decision to initiate a preliminary investigation into the war on drugs, labeling it an insult to the Philippines and challenging the court's jurisdiction within the country. During his presidency, he initiated the withdrawal of the Philippines' membership from the Rome Statute, the treaty that established the ICC. The ICC appeals chamber recently granted a request to resume the investigation into alleged crimes against humanity related to the Philippines' controversial drug campaign, spanning from November 2011 to March 2019. The developments surrounding the ICC's probe into the Philippines' internal affairs have sparked a contentious debate, with key political figures and rights groups expressing divergent views on the matter. The ongoing tensions between the Philippines and the ICC underscore the complex intersection of international law, national sovereignty, and human rights issues......»»

Category: newsSource:  sunstarRelated NewsJan 24th, 2024

Groups urge to include placemaking in planning for public spaces

The push for placemaking in planning for public spaces was emphasized by various groups during a recent forum in Davao City. ATTY. Mark Peñalver, executive director of Interfacing Development Interventions for Sustainability (Idis), stressed the importance of incorporating placemaking in public space planning to not only enhance the physical environment but also to promote inclusivity. He highlighted the exclusion of certain sectors in existing public spaces and emphasized the need for stakeholders' input and acknowledgment of their stories in the planning process. Dr. Derlie Mateo-Babiano, an associate professor in Urban Planning Assistant, described placemaking as a means to transform places into spaces that people will cherish. She emphasized the significance of engaging the community in the planning process to understand their cultural, environmental, and other needs. Peñalver also cited a successful placemaking project in Davao Executive Homes, which catered to children, the elderly, and individuals with special needs, demonstrating the positive impact of placemaking. Furthermore, Peñalver advocated for the institutionalization of placemaking in the Comprehensive Land Use Plan and other development plans in Davao City. He highlighted the potential of placemaking to ensure that government projects are beneficial to the community. Architect Harold Delima, co-convenor of Placemaking Davao, discussed ongoing workshops with various demographics to integrate placemaking into the city's development. The groups involved are hopeful that placemaking will become a fundamental aspect of public space planning in Davao City, aiming to create inclusive and community-centered environments......»»

Category: newsSource:  sunstarRelated NewsJan 16th, 2024

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......»»

Category: newsSource:  inquirerRelated NewsJan 22nd, 2024

Marcos Jr. signs law dividing Caloocan barangay into six

President Marcos has signed into law a measure dividing Barangay 176, also known as Bagong Silang, in Caloocan City into six separate and independent barangays......»»

Category: newsSource:  philstarRelated NewsApr 5th, 2024

Van plows into house in Philippines, killing 1, injuring 4

MANILA, March 15 (Xinhua) -- A delivery van plowed into a house along a highway in Quezon province of the Philippines, southeast of Manila, on Friday morning, killing the driver and injuring four others, police said. Police said the freight forwarder closed van truck was traveling to Unisan town from Manila when it crashed into a roadside house around 6 a.m. local time, killing the driver on the spot. A r.....»»

Category: newsSource:  inquirerRelated NewsMar 16th, 2024

Rama promises to transform Cebu City into a ‘Super City’ by 2031

CEBU CITY, Philippines – Mayor Michael Rama has made another promise to the Cebuanos, and that is to transform Cebu City into a ‘Super City’ by 2031. At the same time, Rama also made a commitment to transform all of the 80 barangays into “city-like barangays” by then. Rama’s ‘Super City’ vision was the highlight.....»»

Category: newsSource:  inquirerRelated NewsFeb 24th, 2024

Urgent: Truck plunges into cliff in central Philippines, killing 14

MANILA, Feb. 21 (Xinhua) -- At least 14 people were killed and three others critically injured after a truck fell into a cliff in Negros Oriental province in central Philippines on Wednesday. Police said the truck was traveling along a highway when the driver lost control of the vehicle in Mabinay town, causing it to overturn and roll into a ravine at around 1:30 p.m. local time. The upside-down truck pin.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 22nd, 2024

Urgent: Truck plunges into cliff in central Philippines, killing 14

MANILA, Feb. 21 (Xinhua) -- At least 14 people were killed and three others critically injured after a truck fell into a cliff in Negros Oriental province in central Philippines on Wednesday. Police said the truck was traveling along a highway when the driver lost control of the vehicle in Mabinay town, causing it to overturn and roll into a ravine at around 1:30 p.m. local time. The upside-down truck pin.....»»

Category: newsSource:  manilanewsRelated NewsFeb 21st, 2024

Rights group calls for deeper look into military’s reprisals vs. rights defenders

As the motion of reconsideration for the terror charges against Ken Rementilla and Jasmin Rubia was denied by an Antipolo prosecutor, human rights alliance Defend Southern Tagalog calls for accountability of notorious rights violators. The post Rights group calls for deeper look into military’s reprisals vs. rights defenders appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsFeb 26th, 2024

Man brings bullets into MRT-3 station

A man was arrested for allegedly carrying bullets for a .40-caliber handgun into the Metro Rail Transit Line 3 (MRT-3)’s GMA-Kamuning station in Quezon City on Tuesday......»»

Category: newsSource:  philstarRelated NewsFeb 21st, 2024

People in Davao ‘deceived’ into signing people’s initiative forms – barangay officials

DAVAO CITY (MindaNews / 03 February) – Voters in the city were deceived into signing documents purportedly in exchange for money and other benefits but were actually meant to gather signatures for a people’s initiative to amend the 1987 Constitution, barangay officials from Davao City claimed during a Senate hearing on Friday. The witnesses alleged […].....»»

Category: newsSource:  mindanewsRelated NewsFeb 4th, 2024

SM Seaside, your front seat to the ultimate Sinulog experiences.

Step into the heart of Sinulog excitement at SM Seaside, your front seat to the ultimate #AweSMFestival experience. The mall is buzzing with Sinulog energy as it transforms into a vibrant festival destination with lively and colorful gigantic art installations for an all-around visually stunning experience and as the perfect backdrop for unforgettable Sinulog celebration.....»»

Category: newsSource:  inquirerRelated NewsJan 15th, 2024

Pope Francis calls for studies into ‘ugly’ gender theory

'I have asked that studies be carried out into this ugly ideology of our times, which cancels out the differences and makes everything the same... Cancelling out the differences means cancelling out humanity,' the Pope says......»»

Category: newsSource:  rapplerRelated NewsMar 1st, 2024

Strong start sends Madelene Sagstrom into 3-way tie in Thailand

(Photo credit: Bob Frid-USA TODAY Sports) Madelene Sagstrom and Patty Tavatanakit each shot a 5-under-par 67 on Friday to move into a three-way tie for first place after the second round of the Honda LPGA Thailand in Chonburi. Sagstrom and Tavatanakit joined former Women's PGA Championship winner Sei Young Kim (68 on Friday) atop the leaderboard at 10-under amid steamy conditions on the Siam Country Club Old Course. Sag.....»»

Category: newsSource:  manilanewsRelated NewsFeb 24th, 2024

Time Your Trip: Things to Consider Before Deciding a Date

Ever found yourself daydreaming about that perfect getaway, wondering when to turn your dream into reality? No stress – we’ve got your back. Here are five down-to-earth tips to help you figure out the sweet spot for your next adventure. Picture strolling on a quiet beach, diving into local festivals, and soaking up cultural vibes. […].....»»

Category: newsSource:  metrocebuRelated NewsFeb 23rd, 2024

Woman nabbed for alleged attempt to sneak in drugs into jail

CEBU CITY, Philippines-  A woman was arrested by the jail personnel of Mandaue City Jail after she attempted to smuggle illegal drugs into the facility on Tuesday afternoon, February 13, 2024. The suspect was identified as Genalyn Andales Ople, of legal age, a resident of Barangay Canduman in the said city. According to Jail Superintendent.....»»

Category: newsSource:  inquirerRelated NewsFeb 13th, 2024

Dutertes turn anti-chacha rally into Marcos bashing platform

What was projected as a “prayer rally” in Davao City to protest charter change via people’s initiative last Sunday turned into a platform for the Dutertes to attack the Marcos administration, signifying a rift in the Unity tandem......»»

Category: newsSource:  davaotodayRelated NewsJan 31st, 2024