Editorial: Flood again

Source SunStar

The reopening of the economy with the lifting of restrictions on the movement of people and goods may have enabled the Philippine economy to grow faster by as much as 10.3 percent in the second quarter this year from the same period last year...

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The country’s dollar defenses against potential imbalances fell below $100 billion in July, as the Bangko Sentral ng Pilipinas (BSP) continued to battle excessive fluctuations in the local currency...

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The Government should consider more progressive taxes and belt-tightening measures amid ballooning debt, economists said...

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Public and private consumption helped the Philippine economy, as measured by gross domestic product (GDP), to grow by 8 percent in the second quarter of the year, analysts surveyed by The Manila Times said...

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The national government provided fewer subsidies to state-run firms in the first six months of this year than last year despite allocating more budget for June 2022, the Bureau of Treasury (BTr) said over the weekend...

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Around 2.99 million Filipinos were out of work in June, worsening from 2.93 million the previous month, the Philippine Statistics Authority (PSA) reported Monday...

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President Ferdinand Marcos Jr. said a successful resumption of face-to-face classes later this month will boost economic recovery from the COVID-19 pandemic as businesses around schools revive and parents get to go back to work while their children are in school...

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The government must now administer more than 400,000 jabs daily to reach its target of giving COVID-19 booster shots to 23.8 million people by Oct. 8, which marks the first 100 days of the Marcos administration...

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The Intellectual Property Office of the Philippines (IPOPHL) said the Philippine Creative Industries Development (PCID) Law will provide the agency its much-needed boost in raising awareness on intellectual property across the creative economy...

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A lawmaker is pushing for the passage of a bill mandating the creation of permanent jobs as the main criteria for granting fiscal incentives to foreign investors...

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Congress was asked to frontload the passage of a long-awaited enabling law granting civil service eligibility to casual and contractual government workers who have rendered a minimum of five years in public service...

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Farmer and fisherfolk party-list Rep. Wilbert Lee has filed a bill seeking to make crop insurance mandatory to ensure that farmers would be compensated for their losses due to disasters and calamities...

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Sen. Christopher Lawrence "Bong" Go hailed the new law strengthening the regulation of private security services as he stressed the role of security guards as frontliners in helping maintain public order...

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Sen. Emmanuel Joel J. Villanueva asked Congress to pass an enabling law to finally end spam messages and calls that have been proliferating and victimizing many people due to the absence of an enabling law that will protect telephone and mobile subscribers against the so-called electronic scams and threats...

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Two congressmen have filed a resolution urging the government to increase the conditional cash grants given to poor families amid spiraling food prices...

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A party-list representative has filed a bill seeking to provide more tax incentives to members of the private sector to encourage them to help and support agricultural workers and fisherfolk...

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The Bangko Sentral ng Pilipinas (BSP) on Friday, committed to effectively implement Republic Act (RA) 11901 or "The Agriculture, Fisheries and Rural Development Financing Enhancement Act of 2022."...

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The Department of Health (DOH) recently launched a website where patients can check the availability of COVID-19 drugs with regulatory approval for emergency use in health facilities in their area...

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Since ancient times, the idea of eternal life has captivated the human imagination. Around the world, there are so-called blue zones where people live exceptionally long and healthy lives. Scientists study these "lands of immortals" to uncover the secrets of longevity...

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Chinese Ambassador to the Philippines Huang Xilian said Beijing would welcome efforts by Washington to reach out to China and settle their differences in the Taiwan Strait but would treat such gesture with a grain of salt...

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Supply chain disruptions require countries to “rethink” production lines to prevent further impact on the world’s food and energy supplies, according to an economist from the Asian Development Bank (ADB)...

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The Philippines and the United States have agreed to collaborate in tapping clean energy, including nuclear power...

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Washington recently donated health equipment and logistic kits to help the Philippines’s Covid-19 response...

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The Philippines has snagged the privilege of hosting the prestigious World Association of Chefs’ Societies (WorldChefs) Asian Presidents Forum next year, which will help put a spotlight on Philippine cuisine and the country’s culinary experts...

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The government keeping clear of the French arbitral award of $14.9 billion to the Sulu Sultanate over the Sabah conflict with Malaysia may just be the perfect position since any attempt for it to intervene may compromise the international tribunal’s ruling...

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President Ferdinand “Bongbong” Marcos Jr. has sought the United States’ help in improving the country’s research and innovation in agriculture...

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The Japanese government has committed to maintain its support to the country’s infrastructure development, as well as in other areas with potential economic growth...

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US Secretary of State Antony Blinken met with President Ferdinand “Bongbong” Marcos Jr. in Malacañang on Saturday offering reassurance that his country would honor its commitments to the Philippines under the decades-old Mutual Defense Treaty (MDT) amid rising tensions in the region...

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The United States will “work collaboratively” with the Philippines to defend the rule of law and protect human rights and freedom of expression, according to visiting US State Secretary Antony Blinken...

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Chinese Ambassador to the Philippines Huang Xilian has denounced the comments made by US Secretary of State Antony Blinken on the countermeasures taken by China over the recent visit of US Speaker Nancy Pelosi to Taiwan...

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China's largest-ever military exercises surrounding Taiwan were drawing to a close on Sunday following a controversial visit last week to the island by US House Speaker Nancy Pelosi...

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China’s reaction to United States House Speaker Nancy Pelosi’s visit to Taiwan is “very concerning to countries throughout the region and even beyond,” US Secretary of State Antony Blinken said Monday...

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North Korea will convene two key meetings, including one to review the country’s anti-epidemic policy, in coming weeks, state media said on Monday, as it claims no new COVID-19 cases since late July...

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Israel and Palestinian militants have agreed to a truce in Gaza from Sunday evening as mediated by Cairo, sources said, after a weekend-long pounding of Palestinian targets by Israel triggered longer-range rocket attacks against its cities...

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The head of the International Atomic Energy Agency raised grave concern about shelling at a nuclear power plant in Ukraine, as its military said Russian forces had attacked dozens of front-line towns...

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Over 80,000 tourists are stranded in a resort city popularly known as "China's Hawaii" after a COVID-19 flare-up led authorities to impose strict travel restrictions...

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One of the pioneers of the country’s Special Forces and other members of the organization recalled their fond memories of its founding commander, the late former President Fidel Ramos at The Heritage Park in Taguig over the weekend...

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An economist-lawmaker urged President Ferdinand Marcos Jr. to appoint a Director General for the Philippine Economic Zone Authority (PEZA) as soon as possible, saying the leadership issue in the agency will make investors think “our investment regime is overly politicized and therefore risky.”...

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The Department of Education (DepEd) on Saturday said the Department of Budget and Management’s Procurement Service (DBM-PS) should be the one to answer the issue of “pricey” entry-level laptops purchased for public school teachers...

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With only around two weeks left before the opening of classes this month, President Ferdinand R. Marcos, Jr. urged local government units (LGU) to ramp up their coronavirus disease (Covid-19) booster vaccination drive...

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“Very high” COVID-19 positivity rates were noted in 15 provinces in Luzon over the past week, OCTA Research fellow Guido David said Monday...

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Commission on Elections (Comelec) Chairman George Garcia is hoping that fate of the barangay and Sangguniang Kabataan elections slated on December 5, will be known before the end of the month...

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The Marcos administration has been urged to ramp up initiatives supporting the development of the local cybersecurity workforce given the increasing need for digital protection alongside the greater use of digital platforms...

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As a new international study urged people to start preparing for the possibility of a “climate endgame,” the Department of Education (DepEd) said it was eyeing a collaboration with experts to improve climate change education, particularly at the basic education level...

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Sen. Rafael “Raffy” T. Tulfo has urged the national government and other concerned agencies to come up with a contingency plan for Overseas Filipino Workers (OFWs) should the tension between the People’s Republic of China and Taiwan escalate...

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An LGBTQ+ group on Sunday urged both the public and health experts to help set the record straight about the transmissibility of monkeypox and end the stigma around the community after misinformation about its transmissibility led to comments stigmatizing them...

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The Department of Tourism (DoT) said it is planning to upgrade service standards for micro-sized companies in the industry with the aid of other agencies...

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The role of gas in the Philippines’ energy transition must be reviewed in light of the unreliability of supply from the Malampaya field and the drastic tightening of the market following the Russian invasion of Ukraine, a think tank said...

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The House of Representatives will act on the passage of the 2023 budget as soon as it receives the National Expenditure Program (NEP) from Malacañang, House Speaker Martin Romualdez announced Sunday...

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Government’s target to bring down the poverty rate to single digit by 2028 will capitalize on sustained economic growth...

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The Teachers Dignity Coalition (TDC) on Sunday said they appealed to the Department of Education (DepEd) to extend the school break and grant teachers more time to prepare for the resumption of classes on August 22...

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The Philippine Charity Sweepstakes Office (PCSO) gave P144.011 million in financial aid to 10 government hospitals to purchase medical equipment even with incomplete documents, according to a Commission on Audit (COA) report...

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President Ferdinand “Bongbong” Marcos Jr. is urging students to get their COVID-19 booster shots ahead of the start of face to face classes later this month...

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House Deputy Minority leader and ACT Teachers party-list Rep. France Castro is urging the House leadership to set a hearing on the proposed P32 billion supplemental budget for safe resumption of in-person classes...

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The proposed 2023 national budget will be submitted to Congress "on time," Malacañang assured the public days before the deadline set by the Constitution...

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The Government should consider more progressive taxes and belt-tightening measures amid ballooning debt, economists said...

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The Bureau of Internal Revenue needs to fast track its modernization efforts to help boost tax collection and enforcement as the agency has “no room to fail” in the Marcos administration’s fiscal goals, according to Finance Secretary Benjamin Diokno...

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The country has been reeling from a sugar shortage in the past few months following the sector’s missed production target caused by weather disturbances and high input costs, as well as delayed implementation of an order to import the sweetener...

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Damage to public and private infrastructure from the magnitude 7 earthquake in northwestern Luzon on July 27 has reached more than P1.59 billion, based on the national disaster council’s report as of Sunday...

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The benchmark Philippine Stock Exchange Index (PSEi) advanced during the past week despite inflation accelerating anew in July, with the shift in sentiments tracking markets overseas and the slide in key commodities such as oil...

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Central bank Governor Felipe Medalla is confident that the ongoing economic crisis in Sri Lanka will not happen in the Philippines...

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Conglomerate San Miguel Corp. said over the weekend the P740-billion New Manila International Airport project in Bulacan is on track for completion...

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Filipinos’ purchasing power has further eroded as the increase in the prices of basic goods and services remained high, such that a peso in 2018 is worth just 86 centavos in July, shrinking from 87 centavos in June...

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The Duterte administration ended its term with the national government’s debt stock swelling again after a slight dip in May, this time by 2.4 percent or P296 billion to P12.79 trillion at the end of June from P12.5 trillion a month earlier, according to the Bureau of the Treasury (BTr)...

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