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Metrobank profit rises by 14 percent to P12 billion in Q1

Earnings of Metropolitan Bank & Trust Co. went up by 14 percent to P12.1 billion in the first quarter from P10.6 billion in the same quarter last year, largely due to the consistent growth of its lending portfolio, better operational efficiencies as well as stable asset quality......»»

Category: financeSource:  philstarRelated NewsMay 1st, 2024

Water cannons sprayed on Philippine boat by Chinese coast guard ship

MANILA, The Philippines: In the latest confrontation near a disputed shoal in the South China Sea, Philippine officials said a Chinese coast guard ships sprayed water cannons at a supply boat on Saturday, causing injuries to its navy crew members and heavy damage to the wooden vessel. The US and Japan immediately expressed their support for the Philippines amid China's aggression off the Second Thomas Shoal, whi.....»»

Category: newsSource:  manilanewsRelated NewsMar 29th, 2024

Philippines’s Marcos pledges action in response to China’s ‘dangerous attacks’

President Ferdinand Marcos of the Philippines has issued a strong statement in response to recent confrontations in the South China Sea, stating that the country.....»»

Category: newsSource:  thedailyguardianRelated NewsMar 28th, 2024

PSC working on WADA Code

The Philippines faces the risk of being barred from competing at the Paris Olympics and the Paralympic Games and in all regional and continental meets, including the Asian Games and Southeast Asian Games and the world championships, unless the Philippine Sports Commission (PSC) complies with the World Anti-Doping Agency (WADA) Code......»»

Category: sportsSource:  philstarRelated NewsJan 27th, 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

FACT CHECK: No NATO pledge to defend PH in South China Sea

There are no announcements from the alliance about defending the Philippines, a non-NATO member, in its maritime disputes with China.....»»

Category: newsSource:  rapplerRelated NewsJan 14th, 2024

Capitol mulls putting ‘integrated south bus’ terminal in Talisay instead of at SRP

CEBU CITY, Philippines — Instead of at the South Road Properties (SRP), the new location of a new south bus terminal in Cebu might be in Talisay City. Cebu Gov. Gwendolyn Garcia on Wednesday, Mar. 27, said that they had received an unsolicited proposal of developing a brand new, south bus terminal. READ: Mayor Rama.....»»

Category: newsSource:  inquirerRelated NewsMar 28th, 2024

Samal resort gets notice of violation over hawksbill turtle hatchlings

The Department of Natural Resources-Davao Region (DENR-Davao) has issued a notice of violation to Isla Reta Beach Resort in Samal for the illegal possession of hawksbill turtle hatchlings. The resort violated Republic Act 9147, which prohibits the exploitation of wildlife resources and their habitats. The law strictly prohibits collecting, hunting, or possessing wildlife or their by-products, with penalties including imprisonment and fines. In response to the notice, the resort's owner must release the turtle hatchlings within a day, or face legal action. Despite the resort's intention to care for and release the hatchlings after six months, DENR-Davao found 130 hatchlings inside styro boxes and emphasized the critical importance of immediately releasing them to ensure their survival. The Philippines recognizes five sea turtle species, with hawksbill and leatherback classified as critically endangered. DENR-Davao encourages individuals to report wildlife sightings and pledges to conduct public awareness campaigns for wildlife conservation. Isla Reta Beach Resort faced criticism for unauthorized plans to raise the hatchlings......»»

Category: newsSource:  sunstarRelated NewsJan 19th, 2024

Vista Land’s innovative projects boost Manila’s investment draw

With a robust economy supported by government initiatives, a prime location in the metro, and a rich tapestry of educational, cultural, and historic landmarks, Manila has positioned itself as a hotspot for lucrative real estate deals......»»

Category: financeSource:  philstarRelated NewsFeb 19th, 2024

China’s first homegrown airliner makes international debut in Singapore

SINGAPORE – China’s challenger to Airbus and Boeing’s passenger jets, the narrow-body C919 manufactured by the Commercial Aircraft Corporation of China (COMAC), has made its first trip outside Chinese territory, staging a fly-by at the Singapore Airshow on Sunday. China has invested heavily in its attempt to break the hold of the dominant two Western.....»»

Category: newsSource:  inquirerRelated NewsFeb 18th, 2024

Endangered green sea turtle ‘Liit’ released back to sea

Endangered green sea turtle ‘Liit’ released back to sea.....»»

Category: newsSource:  sunstarRelated NewsMar 19th, 2024

FACT CHECK: No Marcos order expelling China from West PH Sea

Marcos says the government will defend the Philippines’ territory amid ‘worrisome’ Chinese presence in the West Philippine Sea but does not make reference to any expulsion of China.....»»

Category: newsSource:  rapplerRelated NewsMar 11th, 2024

‘China destroyed 21,000 acres of West Philippine Sea coral reefs’

The country faces a decline in fisheries production amid reports that China has destroyed at least 21,000 acres of coral reefs in the West Philippine Sea an expert from the University of the Philippines-Marine Science Institute warned yesterday......»»

Category: newsSource:  philstarRelated NewsFeb 24th, 2024

Digital connectivity space tackled in amendments to National Building Code

A pending legislation at the House of Representatives amending the 47-year-old National Building Code of the Philippines would make it more responsive to the broadband connectivity demands of a digital economy, a citizen advocacy group said......»»

Category: financeSource:  philstarRelated NewsMar 25th, 2024

Training program on the Revised Corporation Code

The Center for Global Best Practices is hosting an online training on the 2019 Revised Corporation Code of the Philippines on March 15 from 1:30 to 5 p.m. via Zoom......»»

Category: financeSource:  philstarRelated NewsMar 7th, 2024

‘Not war with China; don’t rely only on US’ – Marcos Jr.

In an interview on Bloomberg TV last Wednesday, as reported in another national daily, he made two related comments that could represent important government policy stands. First, regarding China’s increasing aggressive moves against Philippine vessels in the West Philippine Sea; second, about the United States’ repeated assurance of its “iron-clad” defense commitment under the 1951 Mutual Defense Treaty. The post ‘Not war with China; don’t rely only on US’ – Marcos Jr. appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsMar 23rd, 2024

Philippines, China agree on improved maritime communications, ‘calm’ approach

The DFA said that Filipino and Chinese diplomats had “frank and productive discussions” to de-escalate the situation in the strategically and economically important waterway during a bilateral consultation on the South China Sea. .....»»

Category: newsSource:  philstarRelated NewsJan 18th, 2024

Resolution condemning China sea aggression filed at Senate

With Chinese aggression at sea intensifying, Senate Majority Leader Joel Villanueva has filed a resolution expressing the Senate’s outrage and condemning the continued “illegal and dangerous actions” of the China Coast Guard and maritime militia in Philippine waters......»»

Category: newsSource:  philstarRelated NewsApr 1st, 2024

Amidst heat wave, officials ensure health of Davraa participants

The City Social Welfare and Development Office and the City Sports Development Division made efforts to ensure the well-being and health of the participants in the week-long Davao Regional Athletic Association (DAVRAA) 2024 amidst the heat wave and pertussis (whooping cough) in the city......»»

Category: newsSource:  davaotodayRelated NewsApr 9th, 2024

DoubleDragon to breach P100 billion total equity for the first time in 2024

In a disclosure on Friday, the firm said that it is one of the companies in the country which is positioned to bag a total equity at a 12-digit level. .....»»

Category: financeSource:  philstarRelated NewsMay 10th, 2024