February 15, 2023

Philippines one of most at risk countries to ecological threats

Source: BusinessWorld

Remittances from overseas Filipinos up 5.7% in December 2022

Philippine Daily Inquirer, February 15, 2023

Alden M. Monzon 

Personal remittances from overseas Filipinos reached $3.49 billion in December 2022, rising by 5.7 percent from the $3.30 billion recorded in the same month in 2021...

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Japan deals 'ready to go'

The Manila Times, February 15, 2023

Catherine S. Valente and Jenica Faye Garcia

At least 21 investment pledges secured during President Ferdinand Marcos Jr.'s visit to Tokyo last week are "ready to go," a Trade department official claimed on Tuesday...

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Philippines to import fresh 440,000 MT of sugar

Philippine Daily Inquirer, February 15, 2023

Jordeene B. Lagare 

The board of the Sugar Regulatory Administration (SRA) unanimously approved the plan to bring in 440,000 metric tons (MT) of refined sugar to stabilize retail prices and shore up the country’s buffer stock...

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Inflation may remain high until Q3

BusinessWorld, February 15, 2023

Keisha B. Ta-asan

Headline inflation is likely to peak in February or March, which may prompt the Bangko Sentral ng Pilipinas (BSP) to continue tightening until May, ANZ Research said...

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Mandatory installation of traffic light timers sought in Senate

Philippine Daily Inquirer, February 15, 2023

Maila Ager

A measure mandating the installation of timers in all traffic lights in urban areas to help improve road safety and reduce traffic congestion has been filed in the Senate...

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Tulfo seeks review of existing policies on workers’ minimum pay hikes

Philippine Daily Inquirer, February 15, 2023

Maila Ager

Senator Raffy Tulfo is seeking a review of the existing policies on the minimum wage hikes, noting that the last increase would not be able to sustain the living conditions of workers...

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DTI-11 intensifies implementation of Consumer Act

The Manila Times, February 15, 2023

Jenica Faye Garcia

The Department of Trade and Industry (DTI) Region 11 (Davao Region) office is warning business establishments and online sellers to strictly observe the price tag provisions under Republic Act 7394 or the "The Consumer Act of the Philippines."...

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IEMOP backs review of secondary price cap amid high fuel prices

BusinessWorld, February 15, 2023

Ashley Erika O. Jose

The Independent Electricity Market Operator of the Philippines (IEMOP) said the Energy Regulatory Commission (ERC) needs to review the secondary price cap as market participants grapple with high fuel and power generation costs...

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Bill reviving PHL salt industry included on House priority list

BusinessMirror, February 15, 2023

Jovee Marie De La Cruz

The Legislative Executive Development Advisory Council (Ledac) has included the passage of the bill amending Republic Act No. 8172 or the ASIN law of 1995 in its priority measures...

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Vehicle registration online to take less than 10 mins — LTO

The Manila Times, February 15, 2023

Franco Jose C. Baroña

It will now take less than 10 minutes for vehicle owners to renew their motor vehicle registration online using the Land Transportation Office's (LTO) Land Transportation Management System (LTMS) portal...

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Carpio: PH can invoke MDT on Chinese laser ‘attack’

Philippine Daily Inquirer, February 15, 2023

Frances Mangosing, Jacob Lazaro, Marlon Ramos 

The Philippines can invoke the 1951 Mutual Defense Treaty (MDT) with the United States after a China Coast Guard (CCG) ship struck a Philippine patrol vessel with military-grade laser that harmed some of its crew, retired Supreme Court Senior Associate Justice Antonio Carpio said on Tuesday...

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Marcos summons China envoy over ‘actions against PCG, our fishermen’

Philippine Daily Inquirer, February 15, 2023

Jacob Lazaro, Jerome Aning 

President Ferdinand Marcos Jr. summoned Chinese Ambassador Huang Xilian on Tuesday afternoon regarding China’s escalating harassment of Filipino fishermen and Philippine Coast Guard (PCG) vessels in the West Philippine Sea...

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US: We stand with PH; China coast guard’s conduct ‘unsafe’

Philippine Daily Inquirer, February 15, 2023

Agence France-Presse

The United States on Monday criticized China’s reported use of military-grade laser light against a Philippine Coast Guard vessel in the disputed South China Sea last week, which left the ship’s crew temporarily blinded...

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3 more states express support for PH vs China in sea row

The Manila Times, February 15, 2023

Bernadette E. Tamayo and Aric John Sy Cua

Three countries, through their ambassadors in the Philippines, have joined the United States in expressing serious concern over the "dangerous" and "unsafe" actions against Philippine vessels by China in the South China Sea (SCS)...
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Diplomatic spat deepens as US examines Chinese balloon debris

Philippine Daily Inquirer, February 15, 2023

Reuters

A diplomatic rift between China and the United States deepened on Tuesday with Beijing accusing Washington of flying high-altitude balloons into its airspace and that of other countries, as the U.S. military examined debris of a suspected Chinese spy balloon it downed this month...

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Zelensky urges speedy help from allies as Russia pounds Ukraine’s east

Philippine Daily Inquirer, February 15, 2023

Reuters

Ukrainian President Volodymyr Zelensky urged allies to be speedy in sending more military help as Nato defense ministers met on Wednesday and Russia bombarded the eastern front line in what appeared to be the early salvoes of a new offensive...

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New Zealand declares national emergency

The Manila Times, February 15, 2023

Agence France-Presse

Cyclone "Gabrielle" swept away roads, inundated homes and left 225,000 people without power in New Zealand on Tuesday, prompting the government to declare a national state of emergency...

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Jakarta hopes to attract more Filipino tourists

BusinessWorld, February 15, 2023

John Victor D. Ordoñez

The provincial government of Jakarta is hoping to attract more Filipino tourists this year, as the tourism sector rebounds from the coronavirus pandemic...

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Marcos approves adoption of hybrid rice to boost crop yield

Philippine Daily Inquirer, February 15, 2023

Daphne Galvez

President Ferdinand “Bongbong” Marcos Jr. has agreed to adopt hybrid rice as a better alternative to the inbred variety for increased crop production...

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DepEd amends ‘Panatang Makabayan’

Philippine Daily Inquirer, February 15, 2023

Daphne Galvez

The Department of Education (DepEd) has amended one of the terms in the national pledge “Panatang Makabayan,” following the recommendation of experts and linguists...

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More mobile phone users shifting providers; SIM registrations hit 32M

The Manila Times, February 15, 2023

Francis Earl Cueto

Ongoing subscriber identification module (SIM) registrations have resulted in more people taking the opportunity to move to a different network, a study by Telecommunications Connectivity Inc. (TCI) found...

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Fishers group hits proposed VFA with Japan

Philippine Daily Inquirer, February 15, 2023

Vance Chan

Militant fisherfolk group Pambansang Lakas ng Kilusang Mamamalakaya ng Pilipinas (Pamalakaya) expressed strong opposition to plans of having a Visiting Forces Agreement (VFA) with Japan...

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Broiler group warns vs further spread of bird flu

The Manila Times, February 15, 2023

Bella Cariaso

United Broiler Raisers Association and Philippine Egg Board Chairman Gregorio San Diego on Tuesday warned of the possible spread of bird flu amid the rampant smuggling of chicken and other poultry products...

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PHL govt urged to pursue gangs behind crypto scam

BusinessMirror, February 15, 2023

Jovee Marie De La Cruz

The chairman of the House Committee on Overseas Workers Affairs on Tuesday called on Philippine authorities to investigate the criminal networks running cryptocurrency scams in Southeast Asia...

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DOH: Funds for cancer programs properly managed in a ‘transparent manner’

BusinessMirror, February 15, 2023

Claudeth Mocon-Ciriaco

Stressing that everything is done in a “transparent manner,” Health officer-in-charge Maria Rosario Vergeire appeared to be unbothered by a complaint filed against her and other officials of the agency on the alleged mismanagement of funds for its cancer programs...

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PH vehicle sales uptrend seen to continue in 2023

Philippine Daily Inquirer, February 15, 2023

Alden M. Monzon 

The Chamber of Automotive Manufacturers of the Philippines, Inc. (Campi) said they see vehicle sales in the country growing by 10 percent to 15 percent in 2023, reflecting confidence from the local automotive sector as the problems caused by the pandemic continue to wane...

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Onions put Philippines in a stew over food price inflation

Philippine Daily Inquirer, February 15, 2023

Reuters

Putting quality over profit during inflationary times, Manila restaurant manager Ely Cundangan has refused to mess with her signature beef marrow stew – the same amount of onions must go in the pot no matter what...

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Megawide may bid for EDSA Busway concession3

Philippine Daily Inquirer, February 15, 2023

Tyrone Jasper C. Piad 

Megawide Construction Corp. is interested to throw its hat in the ring for the Edsa Busway project of the government, which is seeking a private partner to operate and maintain the transportation system serving Metro Manila’s busiest thoroughfare...

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PERA contributions, subscribers increase

The Manila Times, February 15, 2023

Niña Myka Pauline Arceo

Personal Equity and Retirement Account (PERA) contributions and take-up posted double-digit gains last year, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday...

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Cartel which killed garlic industry, same group manipulating onion supply--farmers' group

The Manila Times, February 15, 2023

Bella Cariaso

Farmers' group Samahang Industriya ng Agrikultura (SINAG) on Wednesday said that the investigation of the House of Representatives' Committee on Agriculture and Food proved that the cartel which killed the garlic industry is the same group involved in the manipulation in supply and prices of onions...

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S&T vital for PH devt, says Solidum

The Manila Times, February 15, 2023

Jenica Faye Garcia

Science and technology are vital tools in driving the country's social and economic development, Science Secretary Renato Solidum Jr. said...

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CAMPI targets 10-15% sales growth this year

BusinessWorld, February 15, 2023

Revin Mikhael D. Ochave

Vehicle sales in the Philippines may exceed pre-pandemic levels this year as the economy continues to recover, the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) said...

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PERA contributions increase by 30% in 2022

BusinessWorld, February 15, 2023

Keisha B. Ta-asan

Contributions of voluntary members in the Personal Equity and Retirement Account (PERA) reached P329.55 million in 2022, the central bank said on Tuesday...

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LANDBANK sets P35-B profit goal

BusinessWorld, February 15, 2023

Keisha B. Ta-asan

Landbank of the Philippines (LANDBANK) is targeting a net income of P35 billion this year, higher than the P30.1-billion profit it recorded in 2022, amid partnerships and increased digitalization to provide better banking services, especially to the agriculture sector...

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