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Kartzone Cebu Racing Team celebrates recent wins, eyes bigger races in 2024
CEBU CITY, Philippines — There’s a new racing team in Cebu that will surely give everyone a run for their money. They’re no other than the KartZone Cebu Racing Team that recently made waves in the national karting scene. Amazingly, this team isn’t composed of veteran and hard-nosed drivers, but a bunch of talented kids.....»»
Franklin ‘Ferdie’ Yee, Cebu’s newest multisports hotshot
CEBU CITY, Philippines—Rising multisports athlete Franklin Ferdie Yee has been giving everyone a run for their money in recent races. This 21-year-old lad recently etched his name as one of the best up-and-comers in the world of multisports, particularly in duathlon and triathlon. This after he ruled two consecutive races within a month. First, Yee.....»»
SEC moves to help Philippines exit from FATF gray list
The Securities and Exchange Commission (SEC) plans to further raise the compliance rate among corporations for reporting beneficial ownership, a move that will support the country’s bid to exit the global ‘dirty money’ gray list this year......»»
EDITORIAL — The fourth worst
Here’s another problem that turns off foreign investors, and its solution does not call for amending the Constitution. Business class travelers – people with the type of money that can provide job-generating enterprises in the Philippines – have ranked the Ninoy Aquino International Airport as the fourth worst gateway in Asia and the Middle East......»»
Extortionist nabbed, charged with estafa in Mandaue
CEBU CITY, Philippines – A 53-year-old extortionist was arrested and charged with estafa for extorting money from old female victims by pretending to have personal connections at the Bureau of Internal Revenue in Mandaue City, Cebu. After one of her victims sought the help of authorities, the woman was arrested during an entrapment operation on.....»»
Cebu Chess Hub to revive standard games in local scene with cash-rich tourney
CEBU CITY, Philippines — The Cebu Chess Hub will organize a cash-rich woodpushing tournament on February 23-25, at the Gmall of Cebu. The tournament aptly dubbed the “Cebu Chess Hub: Open Chess Tournament” will have a total of P88,000 prize money for the winning woodpushers. READ: UC Webmasters bag 3 gold medals in Cebu City.....»»
DALI gears up for expansion
The newest challenger in the local retail market, DALI Everyday Grocery, is giving retail giants a run for their money as it gears up for further expansion in a bid to reach more Filipino consumers whose pockets are hurting from high commodity prices......»»
PH Development NGOs Deeply Concerned over Alleged Signature Buying for Cha-Cha Push
The Caucus of Development Non-Government Organization Networks (CODE-NGO) is deeply concerned with the reports of alleged bribery by some officials in their effort to launch a people's initiative and mobilize support for charter change.Earlier this week, several lawmakers sounded the alarm that some local officials were allegedly offering money to secure signatures for a people's initiative seeking to amend the.....»»
PH Development NGOs Deeply Concerned over Alleged Signature Buying for Cha-Cha Push
The Caucus of Development Non-Government Organization Networks (CODE-NGO) is deeply concerned with the reports of alleged bribery by some officials in their effort to launch a people's initiative and mobilize support for charter change.Earlier this week, several lawmakers sounded the alarm that some local officials were allegedly offering money to secure signatures for a people's initiative seeking to amend the.....»»
Hot money returns to net inflow in February
More foreign portfolio investments flowed into the Philippines in February, snapping two straight months of net outflows, amid the government’s retail Treasury bond offering......»»
Making money
The best business in the Philippines today is banking......»»
Remittances soar to P33.5 billion in 2023 – BSP
MANILA, Philippines — Filipinos abroad sent a record amount of money back home in 2023 as remittances hit $33.5 billion, boosted by a stronger peso. This increase in the value of remittances helped households cope with high inflation. According to the Bangko Sentral ng Pilipinas (BSP), cash remittances through banks totaled $33.5 billion, marking a.....»»
Philippine graft buster responds
You must know by now that if you’re a businessman in the Philippines, you have to shell out a lot of money to do business in our nation of 114 million......»»
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......»»
Looking to grow your money this 2024? Here are 5 things you need to know about CIMB’s MaxSave
You’ve already saved your emergency fund, so now you’re looking for investment options for your big plans—tying the knot, pursuing your masters, starting your dream business or owning your first condo......»»
BSP to issue new guidelines for MSBs
The Bangko Sentral ng Pilipinas is finalizing a new regulatory framework for money service businesses to ensure that risks remain manageable amid the evolving industry......»»
Looking to grow your money this 2024? Here are 5 things you need to know about CIMB’s MaxSave
You’ve already saved your emergency fund, so now you’re looking for investment options for your big plans—tying the knot, pursuing your masters, starting your dream business or owning your first condo......»»
Why Insurance is Gonna be a Lifesaver for You
Ever stopped to think about how you’d handle life’s unexpected twists – health scares, accidents, or sudden home hassles? Well, that’s where insurance swoops in – your trusty sidekick for keeping your money secure. 1. Financial Safety Blanket Life can throw curveballs, right? Well, insurance is like wrapping yourself in a snug blanket. It’s there […].....»»
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 […].....»»
Marcos on signature drive: Up to Comelec
Signatures for a people’s initiative that were obtained in exchange for money should be invalidated by the Commission of Elections, President Marcos said yesterday......»»