EDITORIAL - No more term extension

Source Philippine Star

Various business groups remain optimistic about the country’s continued economic growth this year, as envisioned by President Marcos in his first State of the Nation Address recently...

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Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla issued a statement on Thursday, expressing readiness to deploy measures to protect the Philippine economy from the ill effects of the recent aggressive rate hike by United States Federal Reserve...

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Peso exchange rates will continue to be affected by outside developments, the Bangko Sentral ng Pilipinas (BSP) warned on Thursday following another massive US Fed rate hike...

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The Philippine tourism industry’s water and energy consumption, as well as carbon dioxide emissions, remained well below pre-pandemic levels despite the gradual recovery in 2021...

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The government has mounted full-blown relief efforts in areas in Northern Luzon that were jolted by a 7.3-magnitude earthquake last Wednesday...

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The Department of Health (DOH) parried criticism over the expiration of millions of vaccines bought by the private sector, which a business leader had blamed on its supposed “lack of urgency” and late decision to let more segments of the population get a second booster shot...

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The National Economic and Development Authority (NEDA) announced the Marcos administration's eight-point socioeconomic agenda in the post-State of the Nation (SONA) economic briefing it held last Tuesday...

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A state of calamity was declared in the province of Abra on Thursday after a magnitude 7 earthquake caused massive damage in northern Luzon the day before...

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Farmers, fisherfolk, and other agricultural stakeholders may soon get better access to loans after the bill repealing the Agri-Agra Reform Credit Act of 2009 lapsed into law on Thursday as neither then President Duterte nor current President Marcos Jr. acted on the measure...

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A bill that will create a new department focusing on disaster management is ready for refiling in the House of Representatives while another related measure has already been submitted, according to lawmakers...

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A bill offering incentives to companies that hire older workers has been filed in the Senate, with perks like expanded deductions on the salaries of seniors and training expenses incurred on such workers...

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A bill creating a Second Congressional Commission on Education (EDCOM 2) that will undertake a comprehensive national assessment and evaluate the performance of the Philippine education sector lapsed into law on July 23...

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Department of the Finance Secretary Benjamin Diokno said the Marcos administration is not prioritizing a review of the Rice Tarrification Law (RTL)...

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A lawmaker has filed a bill seeking to ban unwanted calls, text messages, and emails. Tarlac Rep. Christian Tell Yap said House Bill 270 is “a protective measure for all mobile phone subscribers and email users from unwanted calls, text messages, and e-mails.”...

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“The interest of consumers comes first,” Senator Grace Poe said Thursday after President Ferdinand “Bongbong” Marcos Jr. vetoed the measure seeking to expand the franchise area of Davao Light and Power Company, Inc (DLPC)...

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A significant slowdown in China’s economic growth due to further coronavirus disease 2019 (COVID-19) outbreaks will likely hurt the sovereign ratings of Asia-Pacific (APAC) economies, including the Philippines, Fitch Ratings said...

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A China Coast Guard (CCG) vessel blocked a Bureau of Fisheries and Aquatic Resources (BFAR) ship on its way to BRP Sierra Madre in Ayungin (Second Thomas) Shoal in the West Philippine Sea in late June, according to Washington-based think tank Asia Maritime Transparency Initiative (Amti)...

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The Philippines and the United States have reaffirmed their commitment to upholding the Mutual Defense Treaty. This took place during the visit of US Secretary of the Navy Carlos del Toro to the Department of National Defense (DND) on July 26 to discuss developments in bilateral defense relations with senior Philippine defense officials...

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Philippine President Ferdinand R. Marcos, Jr. on Wednesday met with his top legal officials to discuss the government’s next course of action on the International Criminal Court’s (ICC) investigation of his predecessor’s deadly war on drugs...

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The Philippines, other members of the Association of Southeast Asian Nations (ASEAN), and China have started deliberations on several details regarding the proposed Code of Conduct in the South China Sea, an official of the Department of Foreign Affairs said Thursday...

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A France-based global research partnership is crafting a program aimed at addressing various agriculture and food security challenges, to be presented during the Association of Southeast Asian Nations (Asean) summit later this year...

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Chinese leader Xi Jinping warned against playing with fire over Taiwan in a call with US President Joe Biden on Thursday, July 28, highlighting Beijing’s concerns about a possible visit to the Chinese-claimed island by US House Speaker Nancy Pelosi...

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As the United States pushes ahead with its steepest interest rate hikes in a generation, investors are unusually poised to buy in Asia’s emerging markets, betting authorities can tame inflation without triggering the capital-flight chaos of previous cycles...

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The Association of Southeast Asian Nations (ASEAN) does not support efforts to isolate Russia and seeks to pursue further engagement with Moscow in the near future, including on matters of trade, the Department of Foreign Affairs (DFA) said in a briefing...

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Stephen Lovegrove, Britain’s national security adviser, has warned the West needs to establish better communication with China and Russia or risk miscalculating its way into a nuclear war...

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Climate change caused by human activity made this month's record-shattering heatwave in Britain at least 10 times more likely to occur, according to research released on Friday...

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North Korean leader Kim Jong Un warned he's ready to use his nuclear weapons in potential military conflicts with the United States and South Korea, state media said on Thursday, as he unleashed fiery rhetoric against rivals he says are pushing the Korean Peninsula to the brink of war...

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Ukraine stepped up its drive to retake its Russian-controlled south by trying to bomb and isolate Russian troops in hard-to-resupply areas, but it said on Thursday it saw evidence that Moscow was redeploying its forces to defend the territory...

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President Joe Biden tried to soothe Americans’ worries about the strength of the economy on Thursday, after new data showed it had contracted for two quarters in a row...

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A new monoclonal antibody combination can prevent and treat Omicron infections in monkeys, researchers reported on Monday in Nature Microbiology...

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China will try hard to achieve the best possible results for the economy this year, state media said on Thursday, July 28, after a high-level meeting of the ruling Communist Party, dropping previous calls that it will strive to meet its 2022 growth target...

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Compared with the earlier Omicron BA.2 subvariant, currently dominant Omicron BA.5 is linked with higher odds of causing a second SARS-COV-2 infection regardless of vaccination status, a study from Portugal suggests...

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U.S. President Joe Biden and China’s Xi Jinping began their fifth call as leaders on Thursday, as concerns mounted over a possible visit to Chinese-claimed Taiwan by U.S. House Speaker Nancy Pelosi...

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As monkeypox cases surge globally, the World Health Organization called Wednesday on the group currently most affected by the virus — men who have sex with men — to limit their sexual partners...

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The country’s culinary capital Pampanga is among Condé Nast’ picks for "unsung food destinations" one must travel to, solely representing the Philippines in the list...

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Several reports of shark bite injuries and a spate of sightings of the marine predators off the Northeast coast of the United States have rattled summer beachgoers...

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President Ferdinand “Bongbong” R. Marcos Jr. ordered the swift distribution of relief aid, restoration of power and communications and other utilities in Abra after it was devastated by a strong earthquake earlier this week...

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Justice Secretary Jesus Crispin Remulla is looking at the possibility of expanding the jurisdiction of the Presidential Commission on Good Government (PCGG) to cover the seizure of smuggled shipments and confiscation of properties and assets for non-payment of taxes and for being connected to illegal drug trade...

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President Marcos has called Chief Presidential Legal Counsel Juan Ponce Enrile and other top administration lawyers to a meeting on the cases filed against his predecessor Rodrigo Duterte in the International Criminal Court (ICC) alleging crimes against humanity in the war on drugs...

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The House of Representatives has filled up about 60 standing and special committees in two days of plenary sessions...

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President Ferdinand Marcos Jr. on Thursday poured cold water on a legislative push to create a Department of Disaster Resilience, saying such a body should be under the Office of the President...

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Finance Secretary Benjamin E. Diokno has ordered the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC) to speed up their modernization programs in a bid to raise more revenues for the government...

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The National Historical Commission of the Philippines (NHCP) will help repair historic sites and structures in Abra and other parts of the Ilocos Region that were damaged by the 7.0-magnitude earthquake...

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Justice Secretary Jesus Crispin Remulla described as “improbable” and “ridiculous” the multibillion-peso estate taxes being charged against the family of President Marcos...

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ACT Teachers Rep. France Castro on Thursday slammed the Department of Education (DepEd) for making the private school teachers’ salaries as the standard for the wages of public school workers when it should be the other way around...

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Justice Secretary Jesus Crispin Remulla on Thursday said he ordered the National Bureau of Investigation to stop its operations against Philippine offshore gaming operators (Pogos) due to reports of extortion and other irregularities...

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President Ferdinand “Bongbong” R. Marcos Jr. has authorized the extension of the terms of officers-in-charge (OIC) and other personnel on holdover capacity in government offices until the end of the year...

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A monetary board member is backing the proposal for President Ferdinand R. Marcos Jr. to declare a state of calamity on the food crisis to provide him additional elbow room to address rising food prices...

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Over 1,000 aftershocks were reported after the strong magnitude 7.0 earthquake in Abra, the Philippine Institute of Volcanology and Seismology (Phivolcs) said on Friday...

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The Department of Education (DepEd) estimates that P940 million will be needed to repair 164 schools in Luzon that sustained damage from the earthquake that hit Abra and other areas in Northern Luzon on Wednesday...

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The head of the Land Transportation Franchising and Regulatory Board (LTFRB) is in favor of granting a “reasonable” fare hike that will benefit not just city and provincial buses but also commuters...

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The country’s positivity rate for COVID-19 went up to 14.8 percent this week from 12.5 percent last week, the Department of Health (DOH) said yesterday...

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Members of the Sultanate of Sulu have expressed hope that President Ferdinand Marcos Jr.’s statement that he would not relinquish an inch of Philippine territory would include Sabah...

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Damage to the agriculture sector in the Cordillera Administrative Region (CAR) brought about by the magnitude 7.0 earthquake that rocked parts of norther Luzon was initially pegged at 3.8 million by the Department of Agriculture (DA)...

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Department of National Defense (DND) officer-in-charge Undersecretary Jose Faustino Jr., said that close to 5,000 families from Abra, Ilocos and the Cordillera Administrative Region (CAR) have been affected by Wednesday's magnitude 7 earthquake...

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The magnitude 7.0 earthquake that jolted Abra and other parts of Luzon on Wednesday damaged 3,494 houses and 51 buildings, according to the Department of the Interior and Local Government (DILG)...

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For the fifth straight year, the city government of Makati has earned an “unmodified opinion” from the Commission on Audit (COA), Mayor Abby Binay reported yesterday...

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The military has continued to move its forces and assets in the province of Abra and in other areas affected by the strong earthquake that jolted Northern Luzon on Wednesday morning.

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The Philippines has to make do with what is available under a limited environment to combat monkeypox, the Department of Health (DOH) hinted on Thursday...

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Low disbursements and other institutional weaknesses crippled the previous administration’s Build, Build, Build (BBB) program, according to a professor emeritus at the University of the Philippines (UP)...

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Banks'credit standards were broadly steady in the second quarter, which could be kept for businesses but eased for consumers in the coming months, a Bangko Sentral ng Pilipinas (BSP) survey showed...

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The Bangko Sentral ng Pilipinas (BSP) on Thursday said it was ready to raise further its policy rate in the next few months to rein in inflation, which is expected to remain high, and in anticipation of ripple effects from another rate hike that the United States Federal Reserve had just announced...

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The Department of Trade and Industry (DTI) believes that the creative industries will play a vital role in the economic recovery, the agency's chief said on Thursday...

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The 4% funding increase in the 2023 General Appropriations Act will require the government to set clear spending priorities and possibly sacrifice some spending items to achieve its goal of expanding agriculture, according to the chairman of the Senate Finance Committee...

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With stakeholders demanding more transparency and accountability from brands and businesses, it has become imperative for organizations to develop and implement strategic sustainability communication plans...

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Filipino-Chinese businessmen have urged President Ferdinand Marcos Jr. to boost the Department of Agriculture budget with additional P100 billion P200 billion from its current P80-billion budget...

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The Marcos administration will embark on a big digitalization push to widen the financial inclusion net as well as improve tax administration, its chief economic manager said on Thursday (July 28)...

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Business establishments here that were forced to close shop on Wednesday due to the magnitude -7 earthquake are expected to resume operations by Friday at the latest, according to the provincial Department of Trade and Industry (DTI)...

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The government’s new development plan aims to achieve growth felt by more Filipinos, the National Economic and Development Authority (NEDA) said Thursday...

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