May 18, 2022
EDITORIAL - Going digital
Source Philippine Star
PHL economy now seen to grow by 8% this year
BusinessWorld, May 18, 2022
Luz Wendy T. Noble
The Philippine economy is expected to grow by 8% this year on the back of upbeat first-quarter economic expansion, Standard Chartered Bank economists said...
Investment pledges fall to 13-year low
BusinessWorld, May 18, 2022
M. I. U. Catilogo
Foreign investment pledges fell to their lowest in more than a decade in the first quarter, as sentiment was affected by another virus surge in January...
Workers’ group asks government to lower cost of living
Philippine Star, May 18, 2022
Mayen Jaymalin
Following the grant of a “measly” salary increase for minimum wage earners, organized labor groups yesterday urged the government to lower the cost of living...
‘Changed accounting standard’ results to P843.9 billion SSS loss
Daily Tribune, May 18, 2022
TDT
A change in accounting standards introduced under the Philippine Financial Reporting Standards 4 has resulted in a P843.9 billion net loss for the Social Security System, as reflected in its unaudited financial statements for 2021, SSS president and CEO Michael Regino said...
PH detects local transmission of Omicron subvariant BA.2.12.1
Philippine Daily Inquirer, May 17, 2022
Daniza Fernandez
The Department of Health has detected a local transmission of the highly transmissible Omicron subvariant BA.2.12.1, Health Undersecretary Maria Rosario Vergeire said Tuesday...
‘PH budget deficit down to 6.4 from 8.6 percent of GDP
Philippine Daily Inquirer, May 17, 2022
Ben O. de Vera
The national government’s budget deficit as a share of gross domestic product (GDP) narrowed to 6.4 percent in the first quarter of 2022, auguring well for plans to revert the gap to pre-pandemic levels of about 3 percent...
DOH to open vaccination sites in schools for children aged 5-11
CNN Philippines, May 17, 2022
CNN Philippines Staff
The Department of Health (DOH) has announced that it is coordinating with the Department of Education (DepEd) and local government units (LGUs) to facilitate the vaccination of children in private and public educational institutions...
Bill protecting financial consumers signed
BusinessWorld, May 18, 2022
Kyle Aristophere T. Atienza
President Rodrigo R. Duterte has signed a bill that boosts consumer protection against cyber-crime, as the Philippines accelerates the shift to a cash-lite economy...
SK officials granted perks
Daily Tribune, May 18, 2022
MJ Blancaflor
President Rodrigo Duterte has approved a law granting all Sangguniang Kabataan (SK) members a monthly honorarium and other privileges...
Duterte signs law giving rights, more protection to foundlings
Philippine Daily Inquirer, May 18, 2022
Jerome Aning
President Rodrigo Duterte has signed a law promoting the rights of abandoned children with unknown parents and giving them more protection...
Simplify requirements for getting wage-hike exemption, government told
BusinessMirror, May 17, 2022
Andrea E. San Juan
The Employers Confederation of the Philippines (Ecop) urged the government to streamline the requirements for securing exemptions from the minimum wage increase...
Permit to carry guns extended up to 10 years
Philippine Daily Inquirer, May 18, 2022
Nestor Corrales
President Rodrigo Duterte has approved a bill extending the validity of licenses to carry firearms and the registration of firearms up to 10 years, particularly for people whose lives are under “actual threat.”
DENR order prompts biodiversity protection in mineral extraction
BusinessMirror, May 17, 2022
Jonathan L. Mayuga
Department of Environment and Natural Resources (DENR) Acting Secretary Jim O. Sampulna has recently issued an order seeking to strengthen biodiversity protection and conservation against mining operations...
Gov’t e-payments should erode graft, corruption – BSP
Manila Bulletin, May 17, 2022
Lee C. Chipongian
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said on Tuesday, May 17, that the issuance of Executive Order (EO) No. 170 to expand government’s e-payment transactions will be effective against graft and corruption...
Military welcomes law giving fixed term for top officials
Philippine Star, May 18, 2022
Paolo Romero, Cecille Suerte Felipe
A new law that gives a fixed three-year term to the chief of the Armed Forces of the Philippines (AFP) and other top military officials is seen to ensure that only the best are appointed to the posts, Defense Secretary Delfin Lorenzana said yesterday...
‘Foundlings’ law, 3 others signed by President
Manila Standard, May 18, 2022
Vito Barcelo
President Rodrigo Duterte has signed a law recognizing abandoned children found in the country or in Philippine embassies and consulates abroad, also known as foundlings, as natural-born Filipinos...
LTFRB opens appointment schedule for TNVS application until mid-June
Philippine Star, May 17, 2022
The Land Transportation Franchising and Regulatory Board announced it will be re-opening apointment scheduling for the Transport Network Vehicle Service applications starting Tuesday until June 17...
DOLE: Biz with less than 10 workers, pandemic-hit may apply for wage hike exemption
GMA News, May 17, 2022
Mel Matthew Doctor/AOL, GMA News
The Department of Labor and Employment (DOLE) on Tuesday said micro businesses as well as pandemic-hit firms may apply for exemption from the wage hike...
BI eases entry rules as ‘new normal’ sets in
Manila Standard, May 17, 2022
Vito Barcelo
After two years of operating with restrictive measures, the Bureau of Immigration (BI) has lifted some of the temporary suspensions and exemptions given to aliens that were put in place to curb the spread of COVID 19...
‘Poe cites significance of newly signed FCPA
Manila Standard, May 17, 2022
Macon Ramos-Araneta
Senator Grace Poe on Tuesday cited the importance of the newly Foreign Corrupt Practices Act (FCPA), saying the new law was meant to protect and reinforce the Filipino financial consumers’ rights to redress of grievances, access information, and maintain their privacy...
Legislative reforms in maritime
The Manila Times, May 18, 2022
Atty. Brenda V. Pimentel
When the 19th Congress opens, expect a flurry of bills being filed as legislators try to beat each other to get that distinct position of having filed the first bill, although it is almost certain House Bill 001 or Senate Bill 001 could be nothing but a rehashed version of one that was not enacted during the 18th Congress...
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PH eyes opportunities in ASEAN+3 initiatives
Manila Bulletin, May 17, 2022
Chino S. Leyco
Finance Secretary Carlos G. Dominguez III said the Philippines is looking forward to future initiatives under the umbrella of the ASEAN Plus Three (China, Japan, Korea) cooperation to help accelerate the country’s shift from coal to sustainable energy sources...
'US used Asean meet to talk up new framework'
The Manila Times, May 18, 2022
Xinhua News Agency
The administration of United States President Joe Biden used last week's US-Association of Southeast Asian Nations (Asean) Special Summit to talk up his forthcoming Indo-Pacific Economic Framework (IPEF), which tries to make up for Washington's new unwillingness to negotiate the kind of market-opening trade deals Asian leaders like, according to a Foreign Policy report...
US calls for Taiwan’s inclusion at upcoming WHO assembly
Philippine Daily Inquirer, May 18, 2022
Reuters
Taiwan should be allowed to attend a World Health Organization assembly next week, the U.S. State Department said on Tuesday, arguing the democratically governed island’s exclusion at China’s behest was unwarranted and a concern for global health...
US bares fresh initiatives to uphold peace, security and stability in SCS
BusinessMirror, May 17, 2022
Rene Acosta
The Asean bloc is moving towards a stronger stance on the issue of South China Sea (SCS) territorial dispute, even as the US bared fresh initiatives for member-states to enhance maritime domain awareness and other maritime-related undertakings...
US-Asean maritime cooperation down to practical levels
Philippine Daily Inquirer, May 17, 2022
Gabriel Pabico Lalu
The maritime cooperation between the United States and Asean members would include training for practical applications like monitoring illegal fishing and search and rescue operations, according to Daniel Kritenbrink, US assistant secretary of state for the Bureau of East Asian and Pacific Affairs...
US FDA authorizes Pfizer Covid-19 booster shots for children ages 5 to 11
CNN Philippines, May 17, 2022
Amanda Sealy, CNN
The US Food and Drug Administration has granted emergency use authorization for a booster dose of Pfizer/BioNTech's Covid-19 vaccine for children ages 5 to 11 at least five months after completion of the primary vaccine series...
UNICEF expects ‘catastrophic’ levels of child malnutrition
BusinessWorld, May 17, 2022
Reuters
The cost of life-saving treatment for the most severely malnourished children is set to jump by up to 16% due to Russia’s invasion of Ukraine and pandemic disruptions, according to the United Nations’ children’s agency...
‘Pandemic-proof supply chains with digitalization’
BusinessMirror, May 17, 2022
Cai Ordinario
Digitalization will help protect the world’s supply chains from future pandemics and climate change, according to an expert from the Asian Development Bank (ADB)...
'Zero-Covid policy to hit Asia aviation recovery'
The Manila Times, May 18, 2022
Agence France-Presse
China's zero-Covid policy will hold back a full air travel recovery in the Asia-Pacific region, a top airline industry group warned on Tuesday, adding to calls for Beijing to ease its hardline policy...
Shanghai: Zero-Covid attained in all districts
The Manila Times, May 18, 2022
Agence France-Presse
Shanghai declared on Tuesday it had achieved "zero-Covid" across all its districts, sparking derision on social media as millions in China's biggest city remained under lockdown...
Japan announces limited ‘test tourism’ from May as step to full reopening
BusinessWorld, May 17, 2022
Reuters
Japan said on Tuesday it would start conducting “test tourism” in the form of limited package tours in May as a way of gathering information prior to a full re-opening of the country to tourism...
EU could combine tariffs on Russian oil with embargo – Yellen
Philippine Daily Inquirer, May 18, 2022
Reuters
The European Union could combine import tariffs on Russian oil with the phased oil embargo it is trying to put in place to shrink Russia’s energy revenues, US Treasury Secretary Janet Yellen said on Tuesday...
NKorean military ramps up virus response
The Manila Times, May 18, 2022
Agence France-Presse
North Korean military medics ramped up the distribution of medicines to fight a growing coronavirus outbreak, state media reported on Tuesday, with the number of reported cases of "fever" nearing 1.5 million...
Ukrainian soldiers evacuated from Mariupol steelworks
The Manila Times, May 17, 2022
Agence France-Presse
Hundreds of Ukrainian soldiers have been evacuated from the besieged Azovstal steelworks — the last holdout of troops defending the southern port city of Mariupol — Kyiv said on Monday...
US announces easing visa, family remittance restrictions for Cuba
The Manila Times, May 17, 2022
Agence France-Presse
The United States said on Monday it is easing restrictions imposed during former president Donald Trump's administration on travel to Cuba and on the sending of family remittances between the United States and the communist island...
DoF eyes opportunities to support clean energy transition
BusinessWorld, May 18, 2022
Tobias Jared Tomas
The Department of Finance (DoF) is eyeing opportunities that will support the country’s shift to clean and renewable energy sources...
Bangko Sentral opens currency exchange facility for Filipinos returning from Ukraine due to war
BusinessWorld, May 18, 2022
Luz Wendy T. Noble
The Bangko Sentral ng Pilipinas (BSP) has launched a program that will allow Filipinos returning from Ukraine to exchange their Ukrainian hryvnia (UAH) to peso to support migrants displaced from the war-stricken country...
Comelec won’t proclaim party-list groups yet
Philippine Daily Inquirer, May 18, 2022
Dona Z. Pazzibugan
The Commission on Elections (Comelec) has deferred the proclamation of winning party-list groups until the holding of the special elections in 12 barangays in Tubaran, Lanao del Sur, on May 24...
DOJ-led panel drops 29 of 350 cases of torture, EJKs
Philippine Daily Inquirer, May 18, 2022
Marlon Ramos
A multiagency body tasked with investigating gross human rights violations committed over the past 12 years has stopped looking into 29 of around 350 cases due to the absence of witnesses or lack of interest by complainants, Justice Secretary Menardo Guevarra said on Tuesday...
Comelec: Poll winners can be sworn in before June 30
The Manila Times, May 18, 2022
William B. Depasupil
There is nothing illegal if Vice President-elect Sara Duterte-Carpio or other winning candidates in the May 9, 2022 elections take their oath of office before June 30, the Commission on Elections (Comelec) said...
PPCRV mounts meal drive as food donations pile up
Philippine Daily Inquirer, May 18, 2022
Jane Bautista
The overflow of food donations for the Parish Pastoral Council for Responsible Voting (PPCRV) has prompted the election watchdog to initiate a project outside its mandate: its own food drive...
Fuel marking among DOF proposals to new admin
BusinessMirror, May 17, 2022
Bernadette D. Nicolas
Finance Secretary Carlos G. Dominguez III said sustaining the fuel-marking program will be included in the list of their recommended measures for the next economic team as it helped beef up revenues for the government...
Comelec records ‘many’ COC discrepancies
Philippine Star, May 18, 2022
Robertzon Ramirez
The Parish Pastoral Council for Responsible Voting (PPCRV) on Tuesday, May 17, said that their latest poll return validation showed that 53,644 out of 54,412 physical and fully-encoded electronic returns (ERs) have matched the electronically-transmitted copies...
High Court asked to stop Marcos proclamation
BusinessWorld, May 17, 2022
John Victor D. Ordoñez
A group of taxpayers has asked the Supreme Court (SC) to stop the proclamation of Ferdinand R. Marcos, Jr., who is set to win this year’s presidential election by a landslide...
Local transmission of more infectious Omicron subvariant confirmed
BusinessWorld, May 17, 2022
Kyle Aristophere T. Atienza
Philippine health authorities on Tuesday confirmed the local transmission of a more contagious Omicron subvariant that has become dominant in the US...
Laguesma, Ople offered Cabinet posts
Daily Tribune, May 18, 2022
Michelle R. Guillang
Presumptive President Ferdinand “Bongbong” Marcos Jr. has asked former Labor secretary Bienvenido Laguesma and overseas Filipino workers advocate Susan “Toots” Ople to join his Cabinet, his spokesperson disclosed on Tuesday...
12 winning senators to be proclaimed by Comelec this week
BusinessMirror, May 17, 2022
Samuel P. Medenilla
Only the winning senators will be proclaimed by the Commission on Elections (Comelec) sitting as the National Board of Canvassers (NBOC) this week...
DOH waits for WHO recommendation on 2nd booster for other eligible groups
CNN Philippines, May 17, 2022
CNN Philippines Staff
The Department of Health is still waiting for the World Health Organization’s guidance regarding the second booster dose for other eligible groups...
Congress canvassing of votes for president, VP to begin May 24
Philippine Daily Inquirer, May 17, 2022
Neil Arwin Mercado
The Commission on Elections (Comelec), acting as the National Board of Canvassers (NBOC), has recorded discrepancies in the certificates of canvass (COCs) from some polling places, especially in the votes for certain senatorial candidates and party-list groups...
PPCRV: 53,644 of 54,412 fully-encoded ERs match electronically-transmitted copies
Manila Bulletin, May 17, 2022
Charie Mae F. Abarca
The Parish Pastoral Council for Responsible Voting (PPCRV) on Tuesday, May 17, said that their latest poll return validation showed that 53,644 out of 54,412 physical and fully-encoded electronic returns (ERs) have matched the electronically-transmitted copies...
Outrage as South Cotabato lifts ban on open-pit mining
Philippine Daily Inquirer, May 18, 2022
Bong Sarmiento and Jordeene B. Lagare
The lifting of the open-pit mining ban in South Cotabato sparked outrage here with environmental and religious groups calling those who opposed it to join a solidarity march on Thursday...
Covid-19 one of leading causes of death in PH
The Manila Times, May 17, 2022
Anna Leah E. Gonzales
Covid-19 continues to be one of the leading causes of death in the country for the first two months of the year, the Philippine Statistics Authority (PSA) reported on Tuesday...
Incoming Senate sees possible new minority faces
ABS-CBN News, May 17, 2022
Sherrie Ann Torres
Senate sources on Tuesday have identified some personalities who will likely join the chamber’s minority bloc under the 19th Congress...
Exclusive: PCGG reacts to 'Picasso painting' seen in Imelda photo
GMA News, May 17, 2022
Sundy Mae Locus/NB, GMA News
The Presidential Commission on Good Government (PCGG) would not comment if the painting seen on the wall of former First Lady Imelda Marcos was the missing “Reclining Woman VI” by Pablo Picasso...
Duterte gov’t stonewalled CHR’s drug war probes
Rappler, May 17, 2022
Jodesz Gavilan
The Commission on Human Rights says subpoenas and requests for vital reports and documents were often 'refused, denied, or ignored' by government agencies...
Sara hands-off on appointments
Manila Standard, May 18, 2022
Presumptive vice president Sara Duterte-Carpio said Monday she will neither lobby for officials hailing from Davao nor interfere in the appointment of Cabinet secretaries of presumptive president Ferdinand “Bongbong” Marcos Jr...
RCBC sees SME loans growing by at least 9% this year
BusinessWorld, May 18, 2022
K.B. Ta-asan
Rizal Commercial Banking Corp. (RCBC) expects its loans to small businesses to increase by at least 9% this year as the economy continues to recover from the downturn caused by the coronavirus pandemic...
Banking giants up PH growth forecast
The Manila Times, May 18, 2022
Mayvelin U. Caraballo
Three global banking giants have raised their economic growth forecasts for the Philippines this year to account for the better-than-expected 8.3-percent increase in domestic output in the first three months of 2022...
Fuel marking revenue hits P459.58 billion
BusinessWorld, May 17, 2022
Tobias Jared Tomas
Taxes generated from fuel marking amounted to P459.58 billion since the program started in September 2019, the Department of Finance said...
Jan.-Feb. births and deaths fall sharply
BusinessWorld, May 17, 2022
Abigail Marie Pelea Yraola
The number of registered births and deaths in the two months to February declined by 63.2% and 60.4% year on year, respectively, the Philippine Statistics Authority (PSA) reported...
Central Bank seen to raise rates this week
BusinessMirror, May 17, 2022
Bianca Cuaresma
In a recently published research note, economists from Standard Chartered said they now expect monetary policy normalization by the Central Bank to “begin earlier” and “move at a faster pace” after the solid growth rate posted by the country in the first quarter of this year...
Green, futuristic Bulacan airport
Daily Tribune, May 18, 2022
Maria Romero
San Miguel Corporation (SMC) envisions its P740-billion New Manila International Airport project in Bulacan province as a “massive, green-designed, and future-ready” aerocity development — a model for green urbanism in the country...
PHL rice stock as of March dips by over one-fifth–PSA
BusinessMirror, May 17, 2022
Jasper Y. Arcalas
The country’s rice inventory in March plunged by more than a fifth year-on-year to 1.632 million metric tons (MMT), as stocks in households dropped by a double-digit rate, the Philippine Statistics Authority (PSA) said...
PHL cold chain industry to continue growing over next 5 years
BusinessMirror, May 17, 2022
Andrea E. San Juan
The Philippine cold chain industry is projected to continue growing at 8 to 10 percent per annum over the next 5 years, according to Cold Chain Association of the Philippines (CCAP)...