Source BusinessMirror

The scheduled face-to-face classes in November will continue as planned despite the detection of the first case of monkeypox in the country, the Department of Health (DOH) said on Tuesday...

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The Bangko Sentral ng Pilipinas (BSP) has room to further hike interest rates without “killing” economic recovery, according to its governor...

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Maybank Investment Banking Group slashed its growth forecast for the Philippines this year, amid the increasing possibility of a recession in the United States, China, and the European Union (EU)...

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President Ferdinand “Bongbong” Marcos’ administration is in the process of firming up a position on its Sabah dispute with Malaysia as both the Palace and Solicitor General (SolGen) Menardo Guevarra cited ongoing reviews of the territorial issue.

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Another emerging Omicron subvariant, given the moniker “Centaurus” in social and mainstream media, has found its way into the country with two individuals in Central Visayas testing positive for the virus, the Department of Health (DOH) announced on Tuesday...

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Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla wants the Financial Executives Institute of the Philippines (Finex) to support the lifting of the bank secrecy law...

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The Philippines faces three pressing economic storm clouds, namely rising debt across countries, surging global inflation and policy normalization in advanced economies, according to former Bangko Sentral ng Pilipinas (BSP) governor Amando Tetangco Jr...

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The Philippines is expected to have a more challenging time in hitting its ambitious poverty reduction target as the soaring cost of commodities has resulted in a global food crisis that puts developing economies at a greater risk...

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A deputy speaker on Tuesday said President Ferdinand “Bongbong” Marcos Jr. should immediately convene the Legislative-Executive Development Advisory Council (LEDAC) to discuss priority legislations and new laws, including the funding for new law increasing the social pension of indigent senior citizens..

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The monthly social pension of indigent senior citizens will soon increase to P1,000 from P500 as the approved bill on additional benefits for those at least 60 years old lapsed into law on July 30, according to a letter sent by the Presidential Palace to the Senate...

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Senate President Juan Miguel "Migz" Zubiri on Tuesday night revealed that 110 local and national bills that they have passed in the Senate under the 18th Congress have lapsed and are now considered laws...

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Senator Risa Hontiveros is pushing for the expansion of the Philippine Health Insurance Corporation’s (PhilHealth) dialysis coverage to 156 sessions...

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Documents, including birth, death, and marriage certificates issued by the Philippine Statistics Authority (PSA) and National Statistics Office are now permanently valid...

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Sen. Sherwin Gatchalian has filed a bill to counter the negative effects of the pandemic school closures on the mental health and socio-emotional development of learners, teachers, and other non-teaching personnel...

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Sen. Cynthia A. Villar said RA 11901 or the “Agriculture, Fisheries and Rural Development Financing Enhancement Act of 2022” is now a law...

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A lawmaker has filed a bill pushing for a 14th month pay for all employees in the public and private sectors...

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With the emergence of financial technology (fintech), companies are expected to offer more financial services to personalize their customer journey, enhance the overall user experience and generate alternative revenue streams...

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Special ultraviolet scanners used to authenticate money will soon detect luminescent “security yarns” incorporated in handwoven fabrics produced by traditional weavers to fight the spread of machine-generated Chinese knockoffs, according to the Philippine Textile Research Institute (PTRI)...

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The Asian Development Bank (ADB) has launched a new initiative to help cities across Asia and the Pacific to meet their climate resilience goals while improving their infrastructure and urban services...

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The Japan International Cooperation Agency (JICA) said it is promoting the Philippines’s Public Private Partnership (PPP) projects to Japan-based firms while encouraging them to look into the viable market of the country...

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The Philippines called on the United States and China to act responsibly and “avoid any miscalculation,” as Manila was put in a delicate position over unconfirmed reports on Tuesday that US Speaker Nancy Pelosi would be flying to Taiwan via Clark International Airport in Pampanga, the site of a former US military base...

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Suspected fallen rocket fairings from China’s launch of its most powerful rocket have been found by Filipino fishermen near Mindoro Strait...

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The US government, through the Defense Threat Reduction Agency (DTRA) and in partnership with the National Coast Watch Center (NCWC), concluded a weeklong exchange of analytical techniques and best practices in countering maritime threats to enhance the Philippines' maritime domain awareness...

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The Philippines must leverage on recent reforms allowing increased foreign capital, especially in infrastructure, as it pushes for more public-private partnerships (PPPs) at a time when the government is saddled with debt while businesses struggle with higher interest rates, a World Bank official said...

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The Philippines is seeking to attract more investors from Taiwan to the healthcare information management services (HIMS) industry, a Taipei-based diplomat said...

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Former Philippine President Rodrigo R. Duterte would try to block an International Criminal Court (ICC) probe of his deadly drug war and would not allow foreign interference, his lawyer said on Tuesday...

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China’s envoy to the Philippines hopes that the Philippines will recognize the one-China principle amid supposed interference in China’s internal affairs by US House Speaker Nancy Pelosi, who is reported to visit Taiwan...

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Nothing justifies the use of nuclear weapons and Southeast Asia should remain a nuclear-free region, Foreign Affairs Secretary Enrique Manalo said during the 10th Review Conference of the Treaty on the Non-Proliferation of Nuclear Weapons (NPT) in New York that began on Aug. 1, 2022...

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The Philippines was the fourth fastest automotive market in Southeast Asia in the first half of 2022, with sales hitting 154,874 units, up 16.7 percent from 132,767 units sold during the same period in 2021...

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United States House Speaker Nancy Pelosi arrived in Malaysia on Tuesday for the second leg of an Asian tour that has been overshadowed by an expected stop in Taiwan, which would escalate tensions with China that claims the self-ruled island as its own territory...

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Most Asian stocks closed lower on Tuesday on geopolitical fears after reports that United States House Speaker Nancy Pelosi would visit Taiwan fanned tensions between Washington and Beijing...

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Secretary-General Antonio Guterres sounded the alarm over the war in Ukraine, nuclear threats in Asia and the Middle East, and other tensions, warning that "humanity is just one misunderstanding, one miscalculation away from nuclear annihilation."...

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International Maritime Organization (IMO) Secretary-General Kitack Lim welcomes the signing of the Black Sea Grain Initiative to establish a humanitarian maritime corridor to allow ships to export critical cargoes of grain and foodstuffs from Ukraine...

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Ratings agencies Moody's and Standard & Poor's downgraded scandal-hit Credit Suisse, given the restructuring Switzerland's second-biggest bank will have to undertake in a more challenging environment...

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Some of the first things that come to mind when we hear of the European Union (EU) are the countries leading the way to promote and encourage dialogue, cooperation, and integration — perhaps Germany, and to an extent, even France — regardless of whether it is an informal leadership...

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Stock markets fell Tuesday as investors dumped equities amid escalating China-US tensions while digesting hawkish comments from US central bankers that lifted US Treasury yields...

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Russia on Tuesday accused the United States of direct involvement in the Ukraine war while the first ship carrying Ukrainian grain to world markets since Moscow’s invasion anchored safely off Turkey’s coast after a problem-free journey...

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China’s military vowed Tuesday to launch “targeted military actions” in response to US House Speaker Nancy Pelosi’s visit to Taiwan, as tensions flare between Washington and Beijing...

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Turkey expects roughly one grain ship to leave Ukrainian ports each day as long as an agreement that ensures safe passage holds, a senior Turkish official said on Tuesday after the first wartime vessel safely departed Odesa on Monday...

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North Korea's foreign ministry on Wednesday criticized what it called US "imprudent interference" in China's internal affairs over House of Representatives Speaker Nancy Pelosi's visit to Taiwan, the official KCNA said...

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The Biden administration wants to keep tensions between Washington and Beijing inflamed by a high level visit to Taiwan from boiling over into a conflict, White House national security spokesman John Kirby said on Tuesday...

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The Department of Education (DepEd) held the National Brigada Eskwela 2022 Kick-off with the theme “Tugon sa Hamon ng Ligtas na Balik-Aral” at Imus Pilot Elementary School, Imus, Cavite on August 1, 2022...

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The latest National Dengue Data from the Department of Health (DOH) showed cases reached 82,597 from January 1 to July 16, cumulatively, or 106 percent higher than the reported cases in the same period last year...

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All 24 senators would be facing off with representatives of the executive department in upcoming meetings of the Legislative-Executive Development Advisory Council (Ledac) in order to prevent a repeat of the successive vetoes of five major bills that were products of hard legislative work, according to Senate Majority Leader Joel Villanueva...

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Former President Rodrigo Duterte already has a plan to block any attempt by the International Criminal Court (ICC) to arrest him, even before the government has responded to a proposed resumption of the investigation of the charges of crimes against humanity against him by the tribunal prosecutor, his former spokesperson said on Tuesday...

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Classes in the Cordillera region will open for the new school year on Aug. 22 as scheduled despite the destructive magnitude 7 earthquake on July 27, the Department of Education (DepEd) announced on Tuesday...

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Retired general Raymundo Ferrer is the new administrator of the Office of Civil Defense (OCD) and executive director of the National Disaster Risk Reduction and Management Council, NDRRMC spokesperson Mark Timbal said on Tuesday...

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President Ferdinand R. Marcos, Jr. may have the support of the “supermajority” in Congress, but this does not guarantee that lawmakers will pass his priority economic bills immediately, analysts said...

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The Transportation department said on Tuesday more boarding gates are needed at Terminal 2 (T2) of the Ninoy Aquino International Airport (NAIA) to maximize its flight-handling potential...

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Several parents groups have expressed support to Vice President Sara Z. Duterte for “standing up and defending the rights of every youth” to be free from the claws of the partylist groups with alleged links to the Communist Party of the Philippines-New People’s Army-National Democratic Front (CPP-NPA-NDF)...

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Justice Secretary Jesus Crispin Remulla on Tuesday said he is collating reports on the investigations into the drug war campaign assigned by then Justice Secretary Menardo Guevarra...

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About 48 percent or 12.2 million Filipino households considered themselves “poor” in the second quarter of 2022, a Social Weather Stations (SWS) survey released on Tuesday, August 2, showed...

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The government has released P4.13 billion to cover the second tranche of cash aid to be distributed to low-income households affected by the continuous increase in the price of basic commodities...

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Even if the Philippines no longer rejoins the International Criminal Court, as a matter of “comity” or courtesy, the government could share with the ICC information on the progress of its drug war review, Justice Secretary Jesus Crispin Remulla said Tuesday...

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The graft cases filed against Bureau of Immigration officials linked to the “pastillas” bribery scandal will go on a full-blown trial as the Sandiganbayan junked the motion of three of the accused to dismiss the charges because of lack of jurisdiction...

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President Ferdinand "Bongbong" Marcos Jr. has ordered the Department of Agriculture (DA) to fast-track programs for coconut farmers during a meeting with officials of the agency in Malacañang on Monday, August 1...

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President Ferdinand "Bongbong" Marcos Jr. assured election workers they will still receive incentives from the government through its targeted budgetary spending despite his decision to veto a proposed law seeking to exempt from taxes honoraria, allowances, and other benefits provided them for services rendered every election season...

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The city-run Ospital ng Makati (OsMak) received the highest rating among Metro Manila hospitals for infection control and COVID-19 response, the city government said yesterday...

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The economy under the late former president Fidel Ramos is described by experts and monetary institutions as a period of consistent economic growth...

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Around 85 percent of Filipinos have expressed trust in the promises made by President Marcos during his first State of the Nation Address (SONA) on July 25, a Tangere survey released on Tuesday, Aug. 2, revealed...

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The chief of the Forensics Division of the Public Attorney's Office (PAO) claimed before a Quezon City court on Tuesday that the Department of Health (DoH) has been deceiving the public as it continues to hide facts especially on serious adverse effects of Covid-19 vaccines, particularly for minors 5 to 11 years old...

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The Department of Health on Tuesday said there is no need to close our borders amid the detection of the first monkeypox case in the country...

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Finance Secretary Benjamin E. Diokno said a robust agriculture growth will be a key to reducing poverty incidence in the country...

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The second tranche of the Targeted Cash Transfer (TCT) program has been released to the Department of Social Welfare and Development (DSWD) for distribution, the Departments of Finance (DoF) and Budget and Management (DBM) said...

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The global energy crisis, heightened by the ongoing Russia-Ukraine war, may hamper plans to develop liquefied natural gas (LNG) projects in the Philippines, a study showed...

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Finance Secretary Benjamin Diokno said a robust agriculture sector will play a key role for a sustainable economic growth that could reduce the poverty level in the long term...

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The rehabilitation and reconstruction of the schools damaged by the 7.0-magnitude earthquake will cost P1.706 billion, said the Department of Education (DepEd)...

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Local stocks moved into positive territory as corporate earnings, which were mostly positive, helped boost investor sentiment...

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Strong demand for long-term government securities, coupled with lower interest rates, allowed the government to borrow another P35 billion in Treasury bonds (T-bonds)...

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Suppliers have advised vendors that prices of eggs will increase due to the threat of bird flu and costly feeds, according to a report of Susan Enriquez on GMA News’ Unang Balita on Wednesday...

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Thanks to the vibrant business process outsourcing (BPO) industry, local office demand is seen revisiting levels last seen in 2016, the year before the influx of Philippine offshore gaming operators (Pogos), property veteran David Leechiu said...

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Barely two months since taking the helm of the Bangko Sentral ng Pilipinas (BSP), economist Felipe Medalla has been giving the market forward guidance in a clear language--a fresh deviation from the typical cryptic central bank speak...

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