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...
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...
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...
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...
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...
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...
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."...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...