EDITORIAL - Winning the air war

Source Philippine Star

The US dollar may start to weaken this semester, but even then the Philippine peso may continue to lose against the greenback and sink to its weakest in early 2023...

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The Philippine Statistics Authority (PSA) reported on Tuesday that the country's headline inflation rate increased to 6.1 percent in June, pulling down the peso's purchasing power to its lowest since 2018...

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Despite the ongoing Russia-Ukraine conflict and tighter global financial situation, the Asean+3 Macroeconomic Research Office (AMRO) has hiked its 2022 growth forecast for the Philippine economy...

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The Bangko Sentral ng Pilipinas (BSP) may increase policy rates by “at least 100 basis points (bps)” this year to curb rising inflation, its governor said on Tuesday...

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Starting November, all students are expected to return to in-person classes...

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At least four million homes will soon have access to a TV channel operated by the University of the Philippines (UP), whose educational programs tackle history, the sciences, art and culture, financial literacy, disaster response and gender issues, among others, some of which have been in use as part of the distance learning curriculum during the pandemic...

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A group of lawmakers has filed the proposed P1.5-trillion National Economic Stimulus and Recovery Act of 2022, a three-year economic stimulus program for the Marcos administration...

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Legislators have refiled a bill in the House that seeks to move most government transactions online after it failed to pass in the previous Congress...

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The last two awaited minimum wage adjustments for domestic workers in the Calabarzon (Cavite, Laguna, Batangas, Rizal and Quezon) and Soccsksargen (South Cotabato, Cotabato, Sultan Kudarat, Sarangani and General Santos City) regions were issued on June 30, the last day of the Duterte administration...

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Senator Ronald “Bato” Dela Rosa is seeking the passage of a measure that will institutionalize the government’s anti-insurgency task force through legislation...

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Basilan Rep. Mujiv Hataman has filed a resolution seeking an investigation of the issues faced by Muslim Filipinos going on a hajj pilgrimage to Mecca in Saudi Arabia...

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A bill has been filed at the House of Representatives proposing to rename the Ninoy Aquino International Airport (NAIA) to Ferdinand E. Marcos International Airport...

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An experiment proposed by the University of the Philippines Los Baños (UPLB) student William Kevin Abran on "Rotation of Dumbbell-Shaped Objects in Space" was selected to be performed on the International Space Station (ISS)...

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To lure more Filipinos to register their creations and enjoy the right to benefit from these, the Intellectual Property Office of the Philippines (IPOPHL) has made the registration process easier through the online portal...

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President Ferdinand "Bongbong" Marcos Jr. on Tuesday said he will "find ways to resolve the conflicts" with China when he meets with Chinese Foreign Minister Wang Yi...

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Nearing the six-year mark on July 12 of the 2016 Permanent Court of Arbitration Ruling in favor of the Philippines against China's claim on the West Philippine Sea based on the nine-dash line, think tank Stratbase ADR Institute urged the government to uphold the ruling...

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European Council President Charles Michel has invited President Ferdinand “Bongbong” Marcos Jr. to visit Brussels.

In a statement Tuesday, the European Union delegation to the Philippines said Michel sent a letter of invitation for Marcos to visit "at a mutually convenient time."...

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Most markets rose on Tuesday on growing speculation that United States President Joe Biden is about to roll back some of the tariffs imposed by his predecessor Donald Trump on Chinese goods as he looks for ways to rein in inflation, though sentiment remains at a premium owing to fears of a recession...

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Saudi Arabia announced on Monday it was disbursing billions of dollars directly to citizens to ease the effects of inflation amid growing online expressions of frustration over rising prices...

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The European Parliament (EP) on Tuesday ratified landmark laws that will more closely regulate Big Tech and curb illegal content online, as the European Union seeks to bring order to the internet "Wild West."...

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The UN rights chief on Tuesday condemned Russia's "senseless war" in Ukraine as she demanded an end to the "unbearable" civilian suffering unleashed by the invasion...

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The European single currency sank Tuesday to its lowest level against the dollar since 2002 as data pointed to a growing recession risk in the eurozone...

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Food and energy security will figure prominently in a meeting of G20 foreign minister in Bali this week and the group’s members should insist Russia support U.N. efforts to reopen sea lanes blocked by Moscow’s war in Ukraine, a senior U.S. official said on Tuesday...

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Russia’s invasion of agricultural power Ukraine has severely disrupted the global wheat market, prompting warnings that the conflict could lead to hunger in some countries...

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Hundreds of homes have been inundated in and around Australia's largest city in a flood emergency that was causing trouble for 50,000 people, officials said on Tuesday...

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Drinking beer is beneficial to the intestine and has the potential to prevent chronic diseases, according to research by the Center for Research in Health Technologies and Services (Cintesis), a nonprofit research and development unit, in the city of Porto in northern Portugal...

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Australia's central bank took a fresh swipe at surging inflation Tuesday, raising interest rates for the third time since May in a move bound to inflict pain on highly indebted homeowners...

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The Bank of England (BoE) warned on Tuesday, July 5, that the economic prospects for Britain and the world had darkened since the start of the year and told banks to ramp up capital buffers to ensure they could weather the storm...

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A small new study published Tuesday by scientists at the US National Institutes of Health suggests that the immune response triggered by coronavirus infections damages the brain's blood vessels and could be responsible for long COVID symptoms...

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The fast-spreading BA.4 and BA.5 sub-lineages of Omicron are estimated to make up a combined 70.1% of the coronavirus variants in the United States as of July 2, the US Centers for Disease Control and Prevention said on Tuesday...

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Top officials from the United States and China held a “candid” video call on Tuesday to discuss global economic challenges, especially regarding supply chains...

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“Business is back”, exclaims Abdullah Mekhlafi at the shop where he sells prayer mats in Islam’s holiest city, which is preparing for the biggest influx of hajj pilgrims since the coronavirus pandemic began...

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The United Arab Emirates is doubling the financial support it provides to low-income Emirati families to $7.6 billion, while Saudi Arabia's King Salman ordered a $5.33-billion allocation..

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Repeatedly catching COVID-19 appears to increase the chances that a person will face new and sometimes lasting health problems after their infection, according to the first study on the health risks of reinfection...

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A decade ago, the Large Hadron Collider, Earth's most powerful particle accelerator, proved the existence of an subatomic particle called the Higgs boson — thought to be a fundamental building block of the universe dating back to the big bang billions of years ago...

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A massive online database apparently containing the personal information of up to one billion Chinese citizens was left unsecured and publicly accessible for more than a year -- until an anonymous user in a hacker forum offered to sell the data and brought it to wider attention last week...

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The Supreme Court upheld an Energy Regulatory Commission (ERC) decision granting Manila Electric Co.'s (Meralco) request to enforce a staggered power rate hike worth P22.64 billion after almost a decade of dormancy...

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President Ferdinand "Bongbong" Marcos Jr. said his priority is the economy as he presided over his first Cabinet meeting in Malacañang on Tuesday...

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All trial courts have been ordered to scale down their on-site workforce to 50 to 75 percent this week amid the continued increase in COVID-19 cases...

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The Department of Health (DOH) said on Tuesday a sustained case uptrend is observed in most regions with majority or 91 percent of provinces, Highly Urbanized Cities (HUCs), and Independent Component Cities (ICCs) having shown case increases over the recent weeks...

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Transport network vehicle service (TNVS) drivers work for up to 14 hours a day but are taking home the same amount in earnings they had made when they were spending lesser time on the road before oil prices rose dramatically...

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The administration of President Marcos would continue his predecessor’s controversial drug war, according to Interior Secretary Benhur Abalos, although he refused to give a direct answer when asked if it would be just as bloody...

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ACT Teachers Rep. France Castro on Tuesday called on President Ferdinand Marcos Jr. to end contractualization and regularize contractual government workers who have been serving for years...

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Dengue cases in the country have increased by 58 percent as compared to last year, the Department of Health said, with Central Luzon, Central Visayas and Zamboanga Peninsula reporting the most number of cases...

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Before the Marcos administration assumed office on June 30, then Senate President Vicente Sotto III dropped a bombshell by revealing to media a supposed list of 22 people allegedly involved in the smuggling of agricultural goods into the country...

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Dengue cases in the country have increased by 58 percent as compared to last year, the Department of Health said, with Central Luzon, Central Visayas and Zamboanga Peninsula reporting the most number of cases...

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All policies regarding the government's pandemic response and determination of alert levels nationwide remain on status quo until President Ferdinand Marcos Jr. names a new Health chief, Malacañang said...

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The Department of Health (DOH) logged more than 10,000 active COVID-19 cases on Monday...

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Less than 60 percent of road projects under a six-year Tourism Road Infrastructure Program (TRIP) has been completed as of last year...

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More Omicron subvariant cases have been reported in the country on Tuesday, led by 43 BA.5 subvariant cases, according to the Department of Health...

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The Anti-Red Tape Authority (ARTA) is requesting for a P40-million increase in its 2022 budget to fully support its various programs, projects, and initiatives...

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Millenial and Gen Z workers in the Philippines reported higher levels of stress or anxiety compared with a year earlier … citing worries about finances, mental health, and family problems, according to a survey conducted by Deloitte Global...

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Senator JV Ejercito on Tuesday urged President Ferdinand “Bongbong” Marcos Jr. (PBBM) to blow the trumpet against vehicle owners who are abusing the use of blinkers, and emergency sirens or “wang-wang.”...

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The Bulacan ecozone bill vetoed by President Marcos can still be replaced with legislation that includes provisions for periodic reviews by the Commission on Audit (COA)...

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The Luzon power grid was placed on “yellow alert” on Tuesday, after four power plants experienced forced outages, said the National Grid Corporation of the Philippines (NGCP)...

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President Ferdinand “Bongbong” Marcos Jr. intends to reinstitute the national vaccination drive amid the surging cases of Covid-19 in the country...

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President Ferdinand “Bongbong” Marcos Jr. is looking to expand the government’s fuel subsidy to tricycle drivers...

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The Commission on Elections (Comelec) said Tuesday the barangay and Sangguniang Kabataan (SK) elections will continue in December unless a new law postponing it will be passed...

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The continued rise in global commodity prices and more pronounced second-round effects on domestic goods and services will trigger more price increases of local commodities ahead, the Bangko Sentral ng Pilipinas (BSP) said on Tuesday, after inflation shot up above 6 percent in June...

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The Philippines’s rice imports in the first half expanded by nearly 30 percent on an annual basis to 1.887 million metric tons (MMT), driven by the country’s demand for cheaper supply...

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In just half a decade, 7.2 million Filipinos were added to the population of those living in urban areas due to the increase of populations in barangays outside the National Capital Region (NCR), according to the Commission on Population and Development (Popcom)...

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President Ferdinand R. Marcos Jr. plans to address rising inflation by reducing the country’s reliance on imported food staples...

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The hog industry will require P48.18 billion to return the herd to its pre-African Swine Fever (ASF) population levels, as well as to make the industry globally competitive by 2026, according to an industry plan issued by officials of the Department of Agriculture (DA) from the last administration...

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Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla said recent events could lead to a further 150-basis-point (bps) increase in the central bank's benchmark interest rates this year...

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President Ferdinand “Bongbong” Marcos Jr. says imports of meat remain necessary as the country must still strengthen food production...

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The majority of Filipinos were stuck in urban centers at the onset of the pandemic in 2020, which left many vulnerable to poverty and joblessness when much of the economy was shut down during the most stringent COVID-19 lockdowns...

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High food and oil prices haven’t peaked yet, the Philippine Statistics Authority (PSA) said on Tuesday (July 5), even as inflation or year-on-year price hikes hit 6.1 percent in June, the highest rate since the rice crisis of 2018...

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As June inflation zoomed past 6 percent, local creditors on Tuesday (July 5) demanded higher yield for lending the government through reissued four-year bonds...

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An activist group pressed for the suspension of taxes on fuel once again, stressing that high inflation rates are only putting the masses vulnerable to more financial woes...

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Despite high consumer prices, returning domestic demand amid economic reopening would allow the Philippines to grow the fastest in the region this year, the regional surveillance organization Asean+3 Macroeconomic Research Office (Amro) said on Tuesday (July 5)...

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Newly-appointed Tourism Secretary Christina Garcia-Frasco is pushing for a more collaborative and consultative approach to make the tourism industry “one of the major economic pillars for the Philippines”...

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