June 29, 2022
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Philippines one of the top 10 worst countries for workers for sixth straight year
Source BusinessWorld
PH credit rating seen safe despite high debt
Philippine Daily Inquirer, June 29, 2022
Ben O. de Vera
Credit rating agencies expect the level of the Philippines’ debt that they have been watching to be manageable and decline alongside economic recovery...
Government to borrow P200B locally in July
BusinessWorld, June 29, 2022
Ana Olivia A. Tirona
The National Government plans to borrow P200 billion from the domestic market in July, the Bureau of the Treasury (BTr) said on Tuesday...
Foreign investment negative list updated
BusinessWorld, June 29, 2022
Kyle Aristophere T. Atienza
Philippine President Rodrigo R. Duterte has signed an order updating the list of investment areas where foreign ownership is limited or barred...
Economy, jobs top concerns of Filipinos
The Manila Times, June 29, 2022
Kaithreen Cruz
A majority of Filipinos, at 73 percent, believe that the economy should be the top priority for the incoming administration of President-elect Ferdinand "Bongbong" Marcos Jr., the PUBLiCUS Pahayag Second Quarter survey showed...
MM still under Alert Level 1
Daily Tribune, June 29, 2022
MJ Blancaflor
Metro Manila and the majority of the Philippine provinces will remain under Alert Level 1 from 1 to 15 July, according to Malacañang...
Gov’t scraps ‘alarmist metric’ in COVID alert level system
Philippine Daily Inquirer, June 29, 2022
Jerome Aning, Kathleen de Villa
Outgoing Health Secretary Francisco Duque III said on Tuesday that the two-week positive growth rate has been scrapped as a gauge in determining the country’s alert level system, calling it an “unnecessary and alarmist metric.”...
Weak peso may limit government financing options
Philippine Star, June 29, 2022
Elijah Felice Rosales
The financing options of the Marcos administration may be limited to local lenders, as the weakening of the peso against the dollar may discourage the government from acquiring dollar-denominated loans, including from the newly created $600 billion infrastructure fund of the Group of Seven (G7)...
Jeepney associations file appeal with LTFRB for new fare increase
BusinessWorld, June 28, 2022
Arjay L. Balinbin
Transport groups are asking the Land Transportation Franchising and Regulatory Board (LTFRB) to allow jeepney operators and drivers to raise fares again, calling the last increase ordered in three regions inadequate...
Solo parents get more benefits
Daily Tribune, June 29, 2022
Jomelle Garner and MJ Blancaflor
A measure granting additional benefits to at least 14 million Filipino solo parents has lapsed into law...
Duterte updates EO on Negative Investment list
Manila Standard, June 29, 2022
President Rodrigo Duterte has signed an executive order (EO) updating a list of industries restricted from foreign investment and reserved for Filipinos...
Recruitment of Filipinos below 24 yrs old for jobs abroad prohibited under new human trafficking law
Manila Bulletin, June 28, 2022
Joseph Pedrajas
IATF requires vaccination for onsite workers, regular Covid-19 test for unvaccinated
Manila Bulletin, June 28, 2022
Joseph Pedrajas
As the country’s workforce starts returning to work, the government’s pandemic task force is now mandating employers to require their onsite workers to get vaccinated against the virus...
Rodriguez town reverts to old name Montalban
Philippine Daily Inquirer, June 29, 2022
Jerome Aning
A bill reverting Rodriguez, Rizal, to its old name Montalban lapsed into law after President Rodrigo Duterte failed to act on it 30 days after Congress sent the measure to Malacañang...
Metro Manila police told employ 'maximum tolerance' during gun ban
The Manila Times, June 28, 2022
Christian Crow Maghanoy
The Philippine National Police (PNP) ordered its men in Metro Manila to employ "maximum tolerance" during the week-long implementation of the gun ban as part of the "full blast preparation to secure" the June 30 inauguration of President-elect Ferdinand Marcos Jr...
SEC affirms order to shut down Rappler — Ressa
CNN Philippines, June 29, 2022
CNN Philippines Staff
The Securities and Exchange Commission has upheld its earlier decision to shut down online news organization Rappler, its CEO Maria Ressa announced Wednesday...
UnionBank looking to launch digital lender by next month
BusinessWorld, June 29, 2022
K.B. Ta-asan
UnionBank of the Philippines, Inc. targets to launch its digital bank in July, an official said on Tuesday...
1st school for virtual racing enthusiasts opens
CNN Philippines, June 28, 2022
Gienel Barroga
Motorsports school Tuason Racing has expanded its program to include classes on virtual racing using a simulator (sim)...
10 other countries sending high-ranking delegation to BBM inaugural
BusinessMirror, June 28, 2022
Malou Talosig-Bartolome
A head of state, two vice presidents, a deputy prime minister and two foreign ministers are among the high-ranking officials sent by leaders of 11 countries to attend the inaugural of President-elect Ferdinand “Bongbong” Marcos Jr. on Thursday, Business Mirror learned from diplomatic sources...
‘Carry lang’: PHL one of the world’s ‘most positive’ nations
BusinessMirror, June 28, 2022
Cai Ordinario
The Philippines remains one of the world’s “most positive” amid the pandemic, according to Gallup’s 2022 Global Emotions Report...
PH objects to Taiwan's 'illegal' live fire drills off Ligaw Island
Manila Bulletin, June 28, 2022
Betheena Unite
The Philippines has expressed objection to the “unlawful live fire drills” by Taiwan off Ligaw Island, saying it “raises tension” in the South China Sea...
Locsin bares New York banks' attempts to corner Filipino dollar remittances
The Manila Times, June 28, 2022
Bernadette E. Tamayo
Some New York banks in the United States had tried to corner Filipino dollar remittances on the "fake ground" that they can be a source of terrorist financing, Foreign Affairs Secretary Teodoro Locsin Jr. claimed...
World unions report 'record' level of labor abuses
Philippine Star, June 28, 2022
Agence France-Presse
Workers faced record abuse of their labor rights in the past year, from union bans to violence and murder, the International Trade Union Confederation said on Tuesday...
G7 lambasts Beijing over trade practices
The Manila Times, June 29, 2022
Agence France-Presse
Leaders of the Group of Seven (G7) on Tuesday condemned China's "nontransparent and market-distorting" international trade practices in an end-of-summit statement that hit out directly at Beijing for the first time...
Cooperation by US, allies a step toward ‘Asian NATO,’ N.Korea media says
Philippine Daily Inquirer, June 29, 2022
Reuters
Joint drills by the United States, South Korea and Japan have a “sinister aim” toward North Korea and are part of a dangerous prelude to the creation of an “Asian version of NATO,” North Korean state news agency KCNA said on Wednesday...
Moody's: Russia indeed defaulted on its debt
The Manila Times, June 29, 2022
Agence France-Presse
Moody's Investors Service has confirmed that Russia defaulted on its foreign debt for the first time in a century after bondholders did not receive $100 million in interest payments...
US ramps up monkeypox vaccination campaign, releasing 56,000 doses
ABS-CBN News, June 29, 2022
Agence France-Presse
US health authorities said Tuesday they were immediately releasing 56,000 doses of monkeypox vaccine – five times the number distributed so far – to areas of high transmission as part of a major escalation of the country's immunization strategy...
US medical experts call for omicron-specific COVID boosters
ABS-CBN News, June 29, 2022
Agence France-Presse
A panel of US medical experts on Tuesday called for omicron-specific boosters this fall, as anticipation mounts that COVID vaccines will be needed on an ongoing seasonal basis, as is the case for influenza...
Omicron sub-variants BA.4, BA.5 make up more than 50% of US COVID cases — CDC
GMA News, June 29, 2022
The fast-spreading BA.4 and BA.5 sub-variants of Omicron are estimated to make up a combined 52% of the coronavirus cases in the United States as of June 25, the US Centers for Disease Control and Prevention (CDC) said on Tuesday...
Americans’ approval of Supreme Court drops after abortion decision — poll
Philippine Daily Inquirer, June 29, 2022
Reuters
A majority of Americans hold a negative opinion of the U.S. Supreme Court following its decision last week to overturn the Roe v. Wade decision that recognized a right to abortion, says a Reuters/Ipsos survey completed on Tuesday...
Sri Lanka rushes to find fuel as shortages hit schools, workers
Rappler, June 28, 2022
Reuters
A Sri Lankan government minister was in Qatar on Tuesday, June 28, and another will travel to Russia at the weekend in search of energy deals to alleviate a severe fuel shortage that is crippling the economy of the island nation and forcing many schools to close...
China’s economy recovering but foundation not solid, premier says
Rappler, June 28, 2022
Reuters
China will strive to drive the economy back onto a normal track and bring down the jobless rate as soon as possible, Chinese Premier Li Keqiang is quoted as saying..
Palace urges Senate: File raps vs agri smugglers
Daily Tribune, June 29, 2022
TDT
Malacañang on Tuesday called on the Senate to file charges against Bureau of Customs (BoC) Commissioner Rey Guerrero and 21 other officials who were tagged as alleged protectors and smugglers of agricultural products...
Only half of 1.2 million trike drivers to get fuel subsidy
Philippine Daily Inquirer, June 29, 2022
Dexter Cabalza
Only half of the 1.2 million tricycle drivers nationwide will receive their fuel cash subsidy amounting to P6,500 each, according to the Department of the Interior and Local Government (DILG)...
COVID vaccine wastage within acceptable limit – DOH
Philippine Daily Inquirer, June 29, 2022
Kathleen de Villa
Health Secretary Francisco Duque III said COVID-19 jabs in the current stockpile considered as “wastage” was still within the standard rate set by the World Health Organization (WHO)...
DOH to roll out Pfizer boosters for kids 12-17
Philippine Star, June 29, 2022
Rhodina Villanueva
The Department of Health (DOH) yesterday announced that the first booster vaccine for adolescents aged 12 to 17 years old will soon be implemented...
Palace to Senate: Sue gov’t execs in agri smuggling
Philippine Daily Inquirer, June 29, 2022
Melvin Gascon, Nestor Corrales, Tina G. Santos
As the Bureau of Customs (BOC) continued to seize more shipments of smuggled agricultural and poultry products from China, Malacañang on Tuesday urged the Senate to file charges against government officials, some of them from the bureau, believed to be involved in the scam...
DOH prods health units on P360-M unliquidated benefits
BusinessMirror, June 28, 2022
Claudeth Mocon-Ciriaco
Stressing that “timely” submission will facilitate “immediate” distribution, the Department of Health (DOH) on Tuesday urged anew all health facilities to submit all documentary requirements for the grant of healthcare worker benefits related to Covid-19, as over P360 million remains “unliquidated.”...
Bongbong Marcos qualified to be elected to office – SC
Philippine Daily Inquirer, June 29, 2022
Krixia Subingsubing, Marlon Ramos
The “gods of Padre Faura” have cleared the way for Ferdinand Marcos Jr.’s inauguration as the 17th president of the Philippines...
DA enforces measures vs rising chicken prices
Philippine Star, June 29, 2022
Catherine Talavera
The Department of Agriculture (DA) is carrying out interventions to address the continued rise in the prices of poultry and poultry products in the markets...
Philippine domestic travel increased 38.16%
Philippine Star, June 29, 2022
Ralph Edwin Villanueva
Domestic travel in the country increased by 38.16 percent last year, according to the Department of Tourism (DOT)...
Duterte, infamous for deadly drug war, ends term
Philippine Daily Inquirer, June 29, 2022
Agence France-Presse
President Rodrigo Duterte, who steps down on Thursday, has earned international infamy for his deadly drug war and foul-mouthed tirades but remains hugely popular among Filipinos fed up with the country’s dysfunction and political elite...
Duterte has drawn high ratings from 2016 to 2022 – Pulse Asia
Philippine Daily Inquirer, June 29, 2022
Zacarian Sarao
President Rodrigo Duterte has been getting high approval ratings from September 2016 to March 2022, according to a report released by Pulse Asia on Tuesday...
Covid-19 cases on steep climb in NCR
The Manila Times, June 29, 2022
Red Mendoza
The country continued to experience an increase in the number of Covid-19 cases over the past week, but the Department of Health (DoH) maintained that the number of severe and critical infections remained below 1,000...
OVP receives ‘unqualified opinion’ from COA for fourth straight year
Philippine Daily Inquirer, June 29, 2022
Beatrice Pinlac
A day before stepping down from office, Vice President Leni Robredo announced that her office has been rendered an “unqualified opinion” from the Commission on Audit for the fourth consecutive year...
Analysts: Rody unlikely to face raps over drug war after his term expires
Manila Standard, June 28, 2022
Agence France-Presse
President Duterte often incited violence and ordered police to shoot dead suspects in a drug war that has killed thousands, but analysts say he is unlikely to face charges after he steps down Thursday...
Salceda urges Labor, Migrant depts to lift ban on OFW
Manila Standard, June 28, 2022
Maricel Cruz
Albay Rep. Joey Sarte Salceda on Tuesday appealed to incoming Labor Secretary Bienvenido Laguesma and Migrant Workers Secretary Susan Ople to lift deployment bans for health care workers and other in-demand OFW jobs “to help mitigate the impacts of currency depreciation and to create jobs for Filipinos.”...
Gatchalian recommends fine-tuning of K to 3 modules on Math, Reading
Manila Standard, June 28, 2022
Macon Ramos-Araneta
With the incoming administration poised to review the K to 12 program education program, Senator Win Gatchalian suggested to fine-tune the K to 3 curriculum to make it more focused on literacy and numeracy...
NICA chief: Senate agri smuggling list not from us
Manila Standard, June 29, 2022
Joel E. Zurbano and Vito Barcelo
The names of 22 suspected smugglers of agricultural goods and their protectors mentioned in the report of the Senate Committee of the Whole were not from the National Intelligence Coordination Agency (NICA), its director said on Tuesday...
P85M in smuggled poultry from China blocked
Manila Standard, June 29, 2022
Joel E. Zurbano
Government agents assigned at the Manila North Harbor have seized P85 million worth of frozen poultry products illegally imported from China...
No contact policy, rewards for tipsters: BOC steps vs corruption, smuggling
Manila Standard, June 28, 2022
Ben O. de Vera
The Bureau of Customs (BOC) has institutionalized customer care centers and the grant of cash rewards to whistleblowers to combat pervasive graft and corruption as well as smuggling at the country’s second biggest tax-collection agency...
Electronics sector hurting — SEIPI
BusinessWorld, June 29, 2022
Revin Mikhael D. Ochave
Spiraling costs brought by Russia’s invasion of Ukraine are hampering the operations of the local electronics industry in spite of increased competitiveness due to the weak peso, according to the largest group of foreign and local electronics companies in the Philippines...
Wholesale prices of building materials hit 10-year high
BusinessWorld, June 29, 2022
Abigail Marie P. Yraola
Wholesale prices of building materials in Metro Manila jumped to their highest in more than a decade in May as construction activities resumed amid decreasing coronavirus infections...
May home loans peak at P40.4B
Daily Tribune, June 29, 2022
Raffy Ayeng
Loans to acquire homes have increased by 15 percent to P40.41 billion last January to May, the Home Development Mutual Fund, popularly known as Pag-IBIG Fund, said...
Local tourism helps boost tourism rebound
BusinessMirror, June 28, 2022
Ma. Stella F. Arnaldo
Government statisticians expressed support for the continued use of the One Health Pass (OHP) beyond the Covid-19 pandemic to assist key agencies in monitoring border arrivals...
Exec sees constraints to SME growth
The Manila Times, June 29, 2022
Eireene Jairee Gomez
To enable small and medium-sized enterprises in the country to grow rapidly, financial institutions should focus on removing capital constraints and charging zero interest to Filipino entrepreneurs, an official of a financial technology (fintech) company said...
Solar PH seals 6-GW energy supply deals
Philippine Daily Inquirer, June 29, 2022
Jordeene B. Lagare
Businessman Leandro Leviste-led Solar Philippines is moving closer to its target of sealing 10 gigawatts of renewable energy contracts after clinching majority of supply deals with the government...
DOLE: Lockdowns could derail employment gains
BusinessMirror, June 28, 2022
Samuel P. Medenilla
Another round of lockdowns could derail the country’s efforts to bring down local unemployment rate back to its pre-pandemic levels, according to the Department of Labor and Employment (DOLE)...
Stocks trade higher on positive sentiment
Philippine Star, June 29, 2022
Iris Gonzales
The Philippine stock market stayed in fighting form yesterday amid the strong rally of its peers in Asia...
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