July 13, 2022
Biden unveils Webb space telescope’s first full-color image of distant galaxies
Source BusinessWorld
Peso touches record low against US dollar
BusinessWorld, July 13, 2022
Keisha B. Ta-asan with Reuters
The Philippine peso on Tuesday fell to its weakest level against the US dollar since November 2004, amid the widening trade deficit and market jitters over more aggressive US Federal Reserve rate hikes...
COVID transmission still low – DOH
Philippine Daily Inquirer, July 13, 2022
Kathleen de Villa
The country remains classified as low risk despite rising COVID-19 infections, as transmission rates and hospitalizations were still manageable in the past week, according to the Department of Health (DOH)...
Trade gap widens in May as imports rise
BusinessWorld, July 13, 2022
Bernadette Therese M. Gadon
The Philippines’ trade deficit widened to $5.7 billion in May as imports rose by the fastest pace in five months, according to data from the Philippine Statistics Authority (PSA)...
5-day in-person classes set
Daily Tribune, July 13, 2022
Neil Alcober
The Department of Education (DepEd) said five-day in-person classes will become mandatory in all public and private schools starting on 2 November...
Phl asserts WPS arbitral ruling
Daily Tribune, July 13, 2022
Gab Humilde Villegas
Foreign Affairs Secretary Enrique Manalo has rejected attempts to undermine the arbitral ruling over the West Philippine Sea (WPS) as he welcomes the growing list of countries supporting the findings...
Taming inflation a Marcos priority
The Manila Times, July 13, 2022
Catherine S. Valente
Fighting inflation is a top economic priority for President Ferdinand "Bongbong" Marcos Jr., anticipating it as a "potential problem" for the country, a Malacañang official said on Tuesday...
Central bank to finalize new sustainability rules
BusinessWorld, July 13, 2022
Keisha B. Ta-asan
The Bangko Sentral ng Pilipinas (BSP) is targeting to finalize its proposed regulations on the wider adoption of sustainability principles in banks’ investment activities by August this year...
Folded paper or polymer banknotes are valid — BSP
BusinessWorld, July 13, 2022
K.B. Ta-asan
The Bangko Sentral ng Pilipinas (BSP) has clarified that folded banknotes are valid and can be used for transactions...
Price hike applications for noodles, canned sardines enter final review
BusinessWorld, July 12, 2022
Revin Mikhael D. Ochave
The Trade department is in the final stages of reviewing petitions to raise prices from producers of canned sardines and instant noodles, among others, an official said...
Former DA chief says rice law made smuggling easier
BusinessWorld, July 12, 2022
Luisa Maria Jacinta C. Jocson
The Rice Tariffication Law must be amended to re-establish the role of the National Food Authority (NFA) as industry regulator, after the liberalization of imports opened the doors to rampant smuggling of the staple grain, former Agriculture Secretary Emmanuel F. Piñol said...
DOF approves BIR reshuffle order
Manila Bulletin, July 12, 2022
Chino S. Leyco
The Department of Finance (DOF) has approved the reshuffle of several regional district collectors of the Bureau of Internal Revenue (BIR), the government’s main tax agency.
Finance Secretary Benjamin E. Diokno’s approval follows BIR Commissioner Lilia C. Guillermo’s order that relieved six regional directors and two technical assistants and transferred them to new assignments...
Tax reforms for 20% income tax rate cap, exemption of first P400k earnings pushed
Philippine Daily Inquirer, July 12, 2022
Gabriel Pabico Lalu
A new tax reform package that would set the maximum individual income tax rate at 20 percent and spare from tax a person’s first P400,000 annual earnings is being pushed by lawmakers in the House of Representatives...
CA rules cyber libel complaint may be filed within 15 years of publication
CNN Philippines, July 12, 2022
CNN Philippines Staff
The Court of Appeals (CA), in upholding the cyber libel conviction of Rappler CEO Maria Ressa and former writer Reynaldo Santos Jr., said a complaint for cyber libel may be filed up to 15 years after the post was published...
Two pig heart transplants succeed in brain-dead recipients
GMA News, July 13, 2022
Nancy Lapid, Reuters
Surgeons at New York University (NYU) have successfully transplanted genetically-engineered pig hearts into two brain-dead people, researchers said on Tuesday, moving a step closer to a long-term goal of using pig parts to address the shortage of human organs for transplant...
Japan eyes better Philippine Coast Guard equipment
BusinessWorld, July 12, 2022
Alyssa Nicole O. Tan
Japan wants to boost coast guard and security cooperation with the Philippines, Japan’s Ministry of Foreign Affairs said in a statement on Tuesday...
US, IEA urge Asian countries to diversify energy supply chains
BusinessWorld, July 12, 2022
Reuters
The United States and the International Energy Agency (IEA) on Tuesday urged Asian countries to diversify their supply chains for energy and critical minerals so they are not dependent on countries such as China and Russia...
Manalo: Arbitral win vs China to anchor PH policy
Philippine Daily Inquirer, July 13, 2022
Tina G. Santos
Foreign Secretary Enrique Manalo on Tuesday said Manila’s landmark victory in its maritime dispute with China six years ago was now one of the “twin anchors” of the country’s policy and actions in the West Philippine Sea...
Boracay is among 50 of ‘world’s greatest places of 2022’
Philippine Daily Inquirer, July 13, 2022
Alexander T. Magno
Boracay has made it to a Time list titled “The world’s greatest places of 2022: 50 extraordinary destinations to explore,” which was posted on its website on Tuesday...
5,295 OFWs in Macau affected by suspension of work due to COVID-19
BusinessMirror, July 12, 2022
Malou Talosig-Bartolome
A total of 5,295 Filipinos in Macau were affected by the suspension of business activities after authorities enforced a hard lockdown Monday following the worst coronavirus outbreak in the Chinese territory since the pandemic began in 2020...
US urges China to end ‘provocative’ behavior in South China Sea
Rappler, July 12, 2022
Reuters
Washington will defend treaty ally the Philippines if its forces are attacked in the South China Sea, US Secretary of State Antony Blinken has said, urging China to follow international law and cease “provocative behavior” in the busy waterway...
PH rejects efforts to undermine arbitral ruling on South China Sea
Philippine Daily Inquirer, July 12, 2022
Daniza Fernandez
The Philippines is rejecting any attempts to weaken the ruling of the Permanent Court of Arbitration which invalidated China’s nine-dash line claim over the South China Sea, Foreign Affairs Secretary Enrique Manalo said Tuesday...
China taking advantage of PH neutrality, says expert
Philippine Daily Inquirer, July 12, 2022
Daniza Fernandez
There is only one side that is taking advantage of the Philippines’ neutrality: China. Thus was the assertion of an international security and intelligence studies professor at the Australia National University, who also claimed that “[i]n the Philippines, there is an appetite for being impartial, sitting on the fence, and not taking sides.”
Expert calls for 2% increase in defense budget to boost national security
Philippine Daily Inquirer, July 12, 2022
Daniza Fernandez
Increasing the budget to two percent for defense would boost the country’s national security, an expert said on Tuesday...
India to surpass China as most populous country in 2023 — UN report
GMA News, July 13, 2022
Manoj Kumar, Reuters
India is set to surpass China as the world's most populous country in 2023, with each counting more than 1.4 billion residents this year, a United Nations report said on Monday, warning that high fertility would challenge economic growth...
Taiwan to hold island-wide, air-raid drills simulating China attacks
ABS-CBN News, July 13, 2022
Lawrence Chung, South China Morning Post
Taiwan will stage island-wide drills simulating missile and warplane attacks by the People's Liberation Army, as tensions soar across the strait...
COVID-19 pandemic is ‘nowhere near over’, says WHO
ABS-CBN News, July 13, 2022
Agence France-Presse
Fresh waves of COVID infections show the pandemic is "nowhere near over", the World Health Organization's chief warned Tuesday, voicing concern the virus is "running freely"...
Sri Lankan president flees country before scheduled resignation
Philippine Daily Inquirer, July 13, 2022
Reuters
Sri Lankan President Gotabaya Rajapaksa fled the country early on Wednesday, two sources told Reuters, hours before he was due to step down amid widespread protests over his handling of a devastating economic crisis...
Eight candidates make cut in race to succeed UK PM Johnson
Philippine Daily Inquirer, July 13, 2022
Reuters
Eight Conservatives will fight it out to succeed Boris Johnson as party leader and British prime minister after winning enough nominations from their colleagues to go through to the first round of voting on Wednesday...
Ukrainian rockets hit Russian-held area as Kyiv readies southern counter-attack
Philippine Daily Inquirer, July 13, 2022
Reuters
Ukraine said on Tuesday it had carried out a long-range rocket strike against Russian forces and military equipment in southern Ukraine, territory it says it is planning to retake in a counter-offensive using hundreds of thousands of troops...
Second Cabinet meeting focused on DPWH budget
BusinessWorld, July 12, 2022
Kyle Aristophere T. Atienza
President Ferdinand R. Marcos, Jr. on Tuesday held his second Cabinet meeting, which was focused on preparations for the 2023 budget, specifically that of the Department of Public Works and Highways (DPWH)...
Ports agency studying ways to implement DoTr directive to cut shipping, travel costs
BusinessWorld, July 12, 2022
Arjay L. Balinbin
The Philippine Ports Authority (PPA) is looking into reducing port costs by reviewing statutory and regulatory expenses paid by users, Officer-in-Charge General Manager Manuel A. Boholano said, noting that the agency is under orders to effect such reductions from the Department of Transportation (DoTr)...
Climate change advocate picked as next DENR chief
Philippine Daily Inquirer, July 13, 2022
Nestor Corrales
President Ferdinand Marcos Jr. on Tuesday nominated climate change advocate Ma. Antonia “Toni” Yulo Loyzaga as secretary of the Department of Environment and Natural Resources (DENR)...
BSP to retailers, banks: Accept folded P1,000 polymer bills
Philippine Star, July 13, 2022
Lawrence Agcaoili
Folded P1,000 polymer banknotes can still be circulated and accepted for payments...
DOH: BA.5 most dominant Omicron subvariant
Philippine Star, July 13, 2022
Rhodina Villanueva
The most dominant Omicron subvariant in several regions is now BA.5, the Department of Health (DOH) said yesterday...
‘Wall of immunity’ must rise before optional mask wearing – DOH
Philippine Daily Inquirer, July 13, 2022
Zacarian Sarao
The population must first build up its “wall of immunity” before the government can allow the optional use of face masks outdoors, Health Undersecretary Maria Rosario Vergeire said in a news briefing on Tuesday...
Survey: 89% say Marcos should assert WPS ruling
Philippine Daily Inquirer, July 13, 2022
Frances Mangosing
Most Filipinos believe that President Ferdinand Marcos Jr. and his administration should assert the six-year-old arbitral ruling on the maritime dispute with China and strengthen the Navy and Coast Guard to defend its waters, according to a recent Pulse Asia survey...
BOC revenue collection target now at P733B
BusinessMirror, July 12, 2022
Bernadette D. Nicolas
President Marcos Jr.’s economic team further jacked up the revenue collection target of the Bureau of Customs (BOC) for this year to P733 billion...
Philippines won’t close borders amid rising cases
BusinessWorld, July 12, 2022
Kyle Aristophere T. Atienza
The Philippines is unlikely to restrict its borders again despite rising coronavirus infections spurred by more contagious Omicron subvariants, health authorities said on Tuesday...
Rising prices top concern among Filipinos — Pulse Asia
BusinessWorld, July 12, 2022
Kyle Aristophere T. Atienza
Spiraling prices are the top concerns of Filipinos in a June poll by Pulse Asia Research, Inc...
DepEd: In-person classes mandatory starting Nov 2
The Manila Times, July 13, 2022
Kaithreen Cruz
The Department of Education (DepEd) on Tuesday announced that all public and private schools are mandated to hold face-to-face classes starting Nov. 2, 2022, as indicated in DepEd Order 34, Series of 2022 signed by Vice President and Education Secretary Sara Duterte-Carpio...
Marcos backs curriculum review to fix job mismatch
Manila Standard, July 13, 2022
Vito Barcelo and Vince Lopez
President Ferdinand Marcos Jr. has backed proposals to review the country’s education curriculum in order to equip students with skills required by different industries and address the existing job mismatch...
School year 2022-2023 to start August 22 — DepEd
Philippine Daily Inquirer, July 12, 2022
Daphne Galvez
School year 2022-2023 will start on August 22 and will end on July 7, 2023, the Department of Education (DepEd) announced on Tuesday...
Expert calls for 2% increase in defense budget to boost national security
Philippine Daily Inquirer, July 12, 2022
Daniza Fernandez
Increasing the budget to two percent for defense would boost the country’s national security, an expert said on Tuesday...
Manila launches feeding program for undernourished kids
Philippine Star, July 13, 2022
Marc Jayson Cayabyab
The Manila city government has launched its 120-day feeding program for undernourished children as part of the celebration of Nutrition Month...
Dengue epidemic in 15 regions above threshold: ‘It is worrisome,’ says DOH
Philippine Daily Inquirer, July 12, 2022
Zacarian Sarao
Fifteen out of 17 regions in the country have already surpassed the epidemic threshold for dengue, the Department of Health (DOH) said Tuesday...
Why 300,000 doses of AstraZeneca vaccines for Bacolod City expired in DOH warehouse
Rappler, July 12, 2022
Inday Espina-Varona
Chris Sorongon, former deputy chief of the city's Emergency Operations Center, says the national government controls the distribution of vaccines to provinces...
Most Filipinos want gov’t to address inflation, prioritize workers’ pay — survey
Philippine Daily Inquirer, July 12, 2022
Neil Arwin Mercado
Most Filipinos view controlling inflation, increasing workers’ pay, and reducing poverty as urgent national concerns and issues that President Ferdinand “Bongbong” Marcos Jr. should prioritize, a Pulse Asia survey released Tuesday showed...
Mandatory COVID booster shots not yet necessary – DOH
Philippine Daily Inquirer, July 12, 2022
Zacarian Sarao
Making COVID-19 booster shots mandatory is not yet necessary, Health Undersecretary Maria Rosario Vergeire said in a briefing with reporters on Monday...
DepEd, concerned agencies to discuss transpo issues ahead of 100% in-person classes
GMA News, July 13, 2022
Joviland Rita
The Department of Education (DepEd) will meet with concerned agencies to discuss transportation issues in light of the planned implementation of 100% face-to-face classes in November, an official said Wednesday...
White-collar Filipino workers feel pinch of price increases
BusinessWorld, July 13, 2022
Kyle Aristophere T. Atienza
Soaring prices of food and fuel are now forcing many white-collar Filipino workers to cut back on nonessential spending, which some experts say may affect businesses focused on leisure and recreational services...
Twin deficits, negative real rate to put pressure on peso
BusinessWorld, July 13, 2022
D.G.C. Robles
The Philippines’ twin deficits, along with its negative real interest rate, will continue to put pressure on the peso, Manulife Investment Management said...
PCCI notes deteriorating business conditions due to energy costs, logistics
BusinessWorld, July 12, 2022
Revin Mikhael D. Ochave
The Philippine Chamber of Commerce and Industry (PCCI) said business conditions have deteriorated for exporters due to rising energy costs and logistics bottlenecks...
BBM crafts plan to tame prices
Daily Tribune, July 13, 2022
TDT
President Ferdinand “Bongbong” Marcos has readied measures that would help curb inflation, Malacañang said on Tuesday...
Exporters scramble to cut costs to sustain operations
Philippine Daily Inquirer, July 13, 2022
Tyrone Jasper C. Piad
Export-oriented manufacturers have been ramping up technology investments and improving operational efficiency to cut down costs amid high fuel expenses and sustain operations to meet rising demand, according to an official of the Philippine Chamber of Commerce and Industry (PCCI)...
Millers seek more corn imports
The Manila Times, July 13, 2022
Eireene Jairee Gomez
Local feed millers are appealing to President Ferdinand "Bongbong" Marcos Jr., who also sits as the chief of the Department of Agriculture (DA), to adopt stop gap measures that would facilitate the importation of corn used as a major feedstock component of poultry and livestock growers...
BAI: chicken supply will soon catch up with demand
BusinessMirror, July 11, 2022
Jovee Marie De La Cruz
The Bureau of Animal Industry (BAI) on Tuesday said the country’s chicken output and supply would soon rise as local raisers have started to restock their farms...
Exporters want to cut costs as logistics crisis worsens
BusinessMirror, July 11, 2022
Andrea E. San Juan
The Philippine Chamber of Commerce and Industry (PCCI) said exporters are looking for ways to cut costs as they grapple with a global container shortage and high logistics cost...
In-person classes will allow GDP to grow by 8%–PCCI
BusinessMirror, July 11, 2022
Andrea E. San Juan and Samuel P. Medenilla
The Philippine Chamber of Commerce and Industry (PCCI) said Tuesday that the resumption of face-to-face classes would allow GDP to grow by 8 percent in the second half...
Habagat agri damage climbs to P27.28 million
Philippine Star, July 13, 2022
Danessa Rivera
Damage to the agriculture sector due to the southwest monsoon or habagat has climbed to P27.28 million, the Department of Agriculture (DA) said yesterday...
Feedmillers seek measures to increase feed corn supply
Philippine Star, July 13, 2022
Danessa Rivera
Local feedmillers are pushing for stopgap measures to raise the country’s feed corn supply – a major feedstock component of poultry and livestock growers – via importation...
Philippine trade gap widens in May
Philippine Star, July 13, 2022
Louella Desiderio
The country’s trade deficit expanded in May as imports continued to outpace exports on the back of higher prices of oil and other commodities from overseas due to the ongoing Russia-Ukraine conflict, and increased demand for raw materials with the further reopening of the economy...
Government borrows P35 billion from local market
Philippine Star, July 13, 2022
Louise Maureen Simeon
Higher rates from investors did not stop the government from borrowing P35 billion in Treasury bonds (T-bonds) as the debt market prepares for a more hawkish Bangko Sentral ng Pilipinas (BSP)...
Stocks fall on weaker peso
Philippine Star, July 13, 2022
Iris Gonzales
Local share prices slumped yesterday after the peso weakened further versus the US dollar...
Wheat import costs to spike anew—PAFMI
Manila Standard, July 13, 2022
Othel V. Campos
Flour millers expect prices of imported wheat to spike anew in the second half of the year, given record inflation and the outside dynamics of global wheat supply and demand...
We're Back!
We are now open for limited face-to-face setting. Schedule an appointment by sending an email to: library.cba@up.edu.ph
For more details, please visit our website: https://updvsblibrary.up.edu.ph/