EDITORIAL - Keep fishing

Source Philippine Star

The Philippine Senate deferred the ratification of the Regional Comprehensive Economic Partnership (RCEP), after some senators voiced concern over the lack of safeguards for the agriculture sector...

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The performance of the Philippine economy in the second half of the year will rest squarely on the shoulders of the incoming administration’s economic team, according to a local think tank...

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Philippines’s incoming economic planning secretary Arsenio Balisacan plans to bolster the economy’s weak spots as he targets at least 6-percent annual growth throughout the term of President-elect Ferdinand Marcos Jr...

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In a statement on Wednesday, Henry Lim Bon Liong, president of the Federation of Filipino Chinese Chambers of Commerce and Industry Inc. (FFCCCII), said they are optimistic that economic growth could range from 7 to 9 percent this year despite global uncertainties such as the Russia-Ukraine war, rising interest rates and inflationary pressures...

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Fitch Ratings has revised its operating environment outlook for the Philippine banking system to stable from negative, citing lower pandemic-related risks and a continued economic recovery...

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Suspected digital fraud attempts originating from the Philippines declined 16.4 percent in the first quarter of the year, but certain sectors like logistics remained more vulnerable to such attempts, global information and insights company TransUnion said...

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Headline inflation is seen breaching five percent until the third quarter of the year, as commodity prices remain elevated amid the unpredictability of the ongoing Russia-Ukraine war...

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Researchers from the University of the Philippines (UP) have started a three-year study to explore and evaluate the marine and coastal resources in the West Philippine Sea (WPS) to determine its economic value in the country’s natural capital accounting...

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The Senate on Wednesday ratified the final version of the bill seeking to establish the Philippine Transportation Safety Board (PTSB)...

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A senior administration lawmaker yesterday vowed to re-file his proposed bill that aims to suspend the collection of excise taxes on diesel, gasoline, cooking gas and other oil fuel products in the incoming 19th Congress (2022-2025)...

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A Senior legislator who could be in line for a leadership post in the next Congress said he wants to suspend the collection of fuel excise taxes when the new administration takes over...

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The House of Representatives approved on its third and final reading a bill that seeks to create the Cordillera Autonomous Region (CAR)...

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The safeguard measure on imported cement for the past three years had failed to stem dumping, mostly from Vietnam, causing injury to the local industry still reeling from effects of the Covid-19 pandemic...

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The Bangko Sentral ng Pilipinas (BSP) is further strengthening its cybercrime-fighting policies and calling on the private sector to also increase vigilance against money laundering and terrorist-financing activities such as illegal online gambling...

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The Philippine National Police is putting up “an accurate and accessible database system on the nationwide campaign against illegal drugs.”...

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The Philippines joined the US-led regional economic grouping called Indo-Pacific Economic Framework (IPEF), but downgraded its representation during the leaders’ virtual summit called in by US President Joe Biden from Tokyo, Japan...

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The Department of Agriculture (DA) and its South Korean counterpart have forged a partnership for the increased exports of Filipino seafood and fisheries products while ensuring food safety for the Korean consumers...

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World’s biggest naval exercises will take place from June 29 to August 4 in and around the Hawaiian islands and southern California...

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Air pollution and climate change, interlinked causes of allergic diseases and deaths around the world, are health crises that require immediate action, according to experts from the Asia Pacific Association of Allergy, Asthma and Clinical Immunology (APAAACI)...

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Outbreaks of endemic diseases such as monkeypox and lassa fever are becoming more persistent and frequent, the World Health Organization’s (WHO) emergencies director, Mike Ryan, warned on Wednesday...

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Asia’s factory activity slowed in May as China’s heavy-handed coronavirus curbs continued to disrupt supply chains and dampen demand, adding to woes for some of the region’s economies that are already under strain from surging raw material costs...

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As health authorities in Europe and elsewhere roll out vaccines and drugs to stamp out the biggest monkeypox outbreak beyond Africa, some doctors acknowledge an ugly reality: The resources to slow the disease's spread have long been available, just not to the Africans who have dealt with it for decades...

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Russian forces fought their way into the centre of Ukraine’s industrial city of Sievierodonetsk on Wednesday, edging closer to claiming a big prize in their offensive in the eastern Donbas region...

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China's support for Russia through oil and gas purchases is irking the United States and raising the risk of American retaliation, foreign observers say, though they see no sign Beijing is helping Moscow evade sanctions over its war on Ukraine...

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The United States promised on Tuesday (Wednesday in Manila) to support Pacific nations after they rejected a pact with China, saying Beijing's own actions showed how "opaque" its offers were...

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Russian Foreign Minister Sergei Lavrov said on Tuesday it was up to the West and Kyiv to resolve a growing global food crisis provoked by his country's invasion of Ukraine...

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The Chinese military said on Wednesday, June 1, it had conducted a combat “readiness patrol” in the seas and airspace around Taiwan in recent days, saying it was a necessary action to respond to “collusion” between Washington and Taipei...

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The World Health Organization lamented Wednesday that it had no access to data about North Korea's Covid-19 outbreak, but assumed the crisis was deepening, contrary to Pyongyang's reports of "progress"...

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A study by cybersecurity expert Fortinet showed that the skills gap and the shortage of expertise among Asian talents have contributed to 72 percent of cybersecurity breaches among businesses in the region...

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Monkeypox appears to be spreading from person to person in England, the UK Health Security Agency (UKHSA) said on Wednesday...

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From tour guides to tattoo artists, some in Taiwan are taking shooting lessons for the first time in their lives as Russia’s invasion of Ukraine ratchets up anxiety at the prospect of giant neighbour China making a similar move on the democratic island...

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Mother-of-two Yang Zengdong, 40, is ready to take her family for a long-awaited outing to mark Shanghai’s grand reopening from COVID-19 lockdown on Wednesday...

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Pfizer and BioNTech announced Wednesday that they have completed their submission requesting emergency use authorization from the US Food and Drug Administration for their COVID-19 vaccine in children ages 6 months to 5 years...

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The US and Taiwan unveiled a new trade initiative, Taiwan's trade representative announced Wednesday, after Taiwan was excluded from the US Indo-Pacific economic initiative that US President Joe Biden formally announced in Asia last week...

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The world's largest living plant has been identified in the shallow waters off the coast of Western Australia, according to scientists...

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More infant formula from abroad is on its way to the US as part of the government's Operation Fly Formula program, including shipments next week from the UK and Australia...

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The House of Representatives on Wednesday ended the 18th Congress, highlighting its 3-year achievements, including laws to help the country navigate through and emerge stronger from the Covid-19 pandemic...

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Agriculture Secretary William D. Dar on Wednesday said the Department of Agriculture (DA) remains firm in its “no to corruption” policy following a House hearing on the accusation of an agriculture official allegedly involved in extortion...

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Metropolitan Manila Development Authority (MMDA) Chairman Romando Artes on Wednesday issued a memorandum on the use of unregistered personal vehicles and those without the required license plates following reported violations committed by the agency’s traffic enforcer recently...

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With the Commission on Appointments (CA) bypassing chairpersons and commissioners of constitutional commissions, a public policy think tank is calling on the incoming Marcos Jr. administration to similarly declare a vacancy on more than 1,000 “almost midnight” appointments made by the outgoing Duterte administration...

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Sen. Juan Miguel "Migz" Zubiri will take the post to be vacated by Senate President Vicente "Tito" Sotto 3rd on June 30...

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In light of the allegations of extortion against Bureau of Plant Industry (BPI) officials, Agriculture Secretary William Dar on Wednesday gave assurances that his department remains steadfast in its drive against graft and corruption...

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The National Capital Region Police Office has gone on heightened security alert following two recent bombing incidents in Mindanao...

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President-elect Ferdinand Marcos Jr. on Wednesday urged the Supreme Court to dismiss a petition filed by civic leaders seeking to cancel his certificate of candidacy, saying it has no jurisdiction to hear the case, apart from the fact that the petition has no basis...

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It is “high time” to remove the emergency tag on COVID-19, infectious disease expert Dr. Rontgene Solante said Wednesday, noting the “sustained” low number of cases being reported...

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The camp of Vice President-elect Sara Duterte said it has received reports that people posing as her representatives attempted to collect funds for upcoming projects under the Department of Education (DepEd)...

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Lawmakers on Wednesday bypassed five officials appointed by President Rodrigo R. Duterte for lack of quorum...

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Health experts warned that despite the decreasing number of Covid-19 cases, the threat of influenza and respiratory diseases remain and that the public should not remain complacent as the country enters the flu season...

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After virtually wrapping up the Senate presidency with the withdrawal of Senator Cynthia Villar from the race, Majority Leader Juan Miguel Zubiri on Wednesday announced the list of senators who will lead various committees in the 19th Congress...

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Agriculture Secretary William Dar expects President Rodrigo R. Duterte to give the go-signal for the disposal of the billions worth of Marcos-era coco levy assets before his term ends this month...

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Accrediting vloggers to cover President-elect Ferdinand Marcos Jr. in Malacañang will be a priority of the Presidential Communications Operations Office (PCOO) under the watch of appointed press secretary Trixie Cruz Angeles...

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The Commission on Appointments (CA) has decided to give President-elect Ferdinand Marcos Jr. a free hand in appointing his own officials by bypassing the confirmation of five nominees of outgoing President Duterte to three constitutional commissions...

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The large-scale $5.9-billion Tampakan mining project of Sagittarius Mines Inc. (SMI) can still proceed even if South Cotabato Gov. Reynaldo Tamayo Jr. will veto the measure removing the controversial ban on open-pit mining in the province...

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A group of scientists, engineers, and science and technology advocates countered the claim of President-elect Ferdinand Marcos Jr. that the mothballed Bataan Nuclear Power Plant (BNPP) would solve the country’s energy crisis and make way for rapid industrialization...

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At least P 17.8 million in COVID-19 expenses incurred last year by the Veterans Memorial Medical Center (VMMC) lacked complete documents to support their validity and propriety, according to the Commission on Audit (COA)...

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President-elect Ferdinand “Bongbong” Marcos Jr. will take his oath of office as the 17th chief executive of the country at the historic National Museum of the Philippines on June 30, 2022...

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The government has made a final appeal to Meta, the mother company of social media giant Facebook to take down online sabong or “e-sabong” pages on the platform, the Department of the Interior and Local Government (DILG) said...

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Chairman Romano Artes of the Metropolitan Manila Development Authority on Wednesday warned his men they will be penalized administratively if they will be caught using unregistered personal vehicles and without the required license plate...

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Manufacturing firms were seen to have increased their employment levels in May for the first time since February 2020, despite the slightly weaker overall performance of the manufacturing sector during the month...

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The National Irrigation Administration (NIA) on Wednesday said it expanded the country’s irrigation development by 311,265 hectares to 2.042 million hectares at the end of the term of President Duterte...

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Manufacturing activities in the Philippines remained robust, albeit the growth in factory output eased slightly in May...

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First Metro Investment Corp. (FMIC) and University of Asia and the Pacific (UA&P) said the robust economic recovery will likely continue in the second quarter of the year...

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Local airlines are optimistic that travel demand will be sustained in the next few months, even as airfares may rise due to the spike in jet fuel prices...

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In the Philippines and the rest of Asia, the majority of the companies find it challenging to hire cybersecurity talent due to a skills shortage, which can deal a blow to business operations, according to antivirus software developer Fortinet...

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Philippine banks’ operating environment is seen to be stable due to receding virus risks, a better business outlook and the economy’s continued recovery, which could lead to stronger demand for loans, Fitch Ratings said on Wednesday...

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Share prices fell anew yesterday as inflation concerns weighed down the market, mirroring the drop on Wall Street...

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Bangko Sentral ng Pilipinas Governor Benjamin Diokno said the incoming administration will pursue a fiscal consolidation plan to help the country achieve the elusive “A” investment grade score from global credit rating agencies...

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The country’s mineral production value posted a 36.2-percent growth in the first quarter to P48.61 billion from P35.69 billion in the same period last year, according to the latest report of the Mines and Geosciences Bureau...

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Bangko Sentral ng Pilipinas Governor Benjamin Diokno said the incoming administration will pursue a fiscal consolidation plan to help the country achieve the elusive “A” investment grade score from global credit rating agencies...

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Prime Infrastructure Holdings Inc. of businessman Enrique Razon Jr. announced plans Thursday to acquire a controlling stake in the Malampaya deep-water gas-to-power project, one of the largest and most successful commercial gas finds in the Philippines, from the group of Dennis Uy...

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Incoming Department of Information and Communications Technology Secretary Ivan Uy said the country's three telecommunications providers should expect more competition in the future...

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Tiger Resorts Leisure and Entertainment Inc. (TRLEI), the operator of Okada Manila, decried Japanese tycoon Kazuo Okada's use of "brute force" to storm the premises of the casino resort and hotel complex on Tuesday...

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