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New ride-hailing app inDrive suspended due to fare-haggling system
Prior to the suspension order, inDrive was positioning itself to make a splash as a competitor to Grab. Now, its plans are on pause after the LTFRB questioned its fare-haggling system......»»
Poe to LTFRB: Show routes affected in PUVMP
Sen. Grace Poe is urging the Land Transportation Franchising and Regulatory Board to publicize a complete list of routes and ensure mobility of the commuting public once the public utility vehicle modernization program is implemented......»»
SC asked to junk PISTON-led petition vs PUVMP
The DOTR and its attached agency, LTFRB, asked the Supreme Court to dismiss the petition of the PISTON-led transport groups assailing the implementation of the Public Utility Vehicle Modernization Program (PUVMP)......»»
Davao City jeepneys won’t be affected by PUVMP consolidation, says LTFRB exec
DAVAO CITY (MindaNews / 15 January) – Public utility jeepneys in this city will not be affected by the ongoing efforts to consolidate jeepney drivers and operators under the Public Utility Vehicle Modernization Program (PUVMP), which the government is implementing in the hopes of modernizing public transportation in the country, an official of the Land […].....»»
LTFRB won’t dictate PUV brand in modernization program
No specific vehicle brand or model would be required from transport cooperatives and operators under the public utility vehicle modernization program of the government......»»
Canino back on top
Prodigious Ruelle Canino, regarded as the future of Philippine women’s chess, sustained her fine form in the Philippine National Women’s Chess Championship in Malolos, Bulacan.....»»
5 things you didn’t know Filipinos designed, invented
Be proud! At the recent opening of “Art x Design: A Special Reception of the 50 Years of Philippine Design and Beyond” exhibition in National Museum of Fine Arts, it was revealed that there are at least five things that Filipinos indeed designed and invented and have since been useful not only to Filipinos, but to humankind......»»
Badoy guilty of indirect contempt for threats vs judge
The Supreme Court has slapped a P30,000 fine against Lorraine Badoy, former spokesperson for the National Task Force to End Local Communist Armed Conflict for indirect contempt over her “vitriolic statements and outright threats” against a judge......»»
PFDA commits to increased dividend payments to Treasury
Department of Agriculture’s Philippine Fisheries Development Authority announced in a statement that it would remit 75% of its dividend payouts coming from the prior 50% after Finance Secretary Ralph Recto requested the government firm to increase its remittances to the government. .....»»
Xinhua world economic news summary at 0900 GMT, April 1
MANILA -- The Philippine government's budget deficit increased to 164.7 billion pesos (2.93 billion U.S. dollars) in February, the country's Bureau of the Treasury said Monday. "The wider budget gap stemmed from the 22.14 percent year-over-year increase in expenditures, matched with moderate revenue growth of 5.73 percent," the bureau said. With the February turnout, the bureau said the year-to-date fiscal balan.....»»
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......»»
Gov’t debt stock rose to P14.79 trillion as of Jan
MANILA, Philippines — The government’s outstanding debt rose in January due to a weak peso and after the Marcos administration borrowed more from local creditors than what it paid for its maturing liabilities, the Bureau of the Treasury (BTr) reported Friday. Data showed state obligations increased 1.9 percent month-on-month to P14.79 trillion as of January. ALSO READ:.....»»
Debt balloons to P14.8 trillion
The issuance of domestic securities and the weakening of the peso pushed the country’s outstanding debt to a fresh high of P14.79 trillion in January, latest data from the Bureau of the Treasury showed......»»
Larry Summers warns that the war vs inflation might not be over
Larry Summers, the former US Treasury Secretary (under President Bill Clinton) and former Chief Economist of the World Bank, said that the US Federal Reserve may still need to raise rates before it can declare victory in the war against inflation......»»
Government eyes P30 billion from 30th RTB issue
The government is borrowing at least P30 billion from small creditors as the Marcos administration sets its third offering of retail Treasury bonds (RTBs) to expand state coffers and finance various projects......»»
Philippines debt hits record P14.6 trillion
The Marcos administration has so far incurred P1.82 trillion in debt since it assumed office, largely due to a high interest rate environment, pushing the country’s outstanding obligation to an all-time high of P14.62 trillion in 2023, according to the Bureau of the Treasury......»»
US Senate panel urges Treasury Dept to make tech firms comply with sanctions
US Senator Mark Warner says tech companies like Alphabet and Meta have continued to provide adtech services to sanctioned entities with ties to 'foreign adversaries'.....»»
Treasury raises P81 billion from T-bill sale in January
The government borrowed a total of P81 billion through the issuance of short-term securities this month, exceeding its target after it upsized offers at the onset of the new year......»»
Treasury raises P120 billion from T-bonds
The government raised the entire program of P120 billion in long-term securities this month amid the downtrend in investor asking rates......»»
FACT CHECK | VP Sara Duterte did not return her 2022 confidential fund
Vice President Sara Duterte has not returned her confidential fund to government treasury, contrary to a video posted on YouTube. Reports that Duterte spent in just 11 days in December 2022 a confidential fund amounting to P125 million from the contingency fund of the Office of the President drew widespread criticisms and demands for an […].....»»