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THE Bureau of Corrections (BuCor) has transferred 16,530 inmates from the New Bilibid Prison (NBP) to prison and penal farms nationwide since 2022 as part of efforts to decongest the country’s biggest correctional facility and prepare for its eventual closure. BuCor Director General Gregorio Pio P. Catapang, Jr. said the figure includes the latest batch […]
Read more →GOVERNMENT-BACKED KADIWA stores generated more than P4.4 billion in cumulative sales from 2022 to 2026, with the P20-per-kilo rice program accounting for over half of the total, the Department of Agriculture (DA) said on Wednesday. The agency said the subsidized rice initiative generated P2.4 billion in sales after distributing 121,271 metric tons of rice to […]
Read more →THE Department of Labor and Employment (DoLE) will use its adjustment measures program to help micro, small and medium enterprises (MSMEs) cope with the P85 daily minimum wage increase in Metro Manila. Labor Secretary Francis N. Tolentino said on Wednesday the program could fund equipment and productivity-enhancing projects, allowing businesses to devote more capital to […]
Read more →A LAWMAKER on Wednesday urged the government to ratify the International Labor Organization’s (ILO) Convention No. 193, saying it would strengthen legal protections for about 9.9 million Filipinos working in the country’s gig economy. Party-list Rep. Jose Manuel I. Diokno said the convention would complement House Bill No. 6572 or the Protektadong Online Workers, Employees, […]
Read more →PHILIPPINE SHARES closed lower for a second straight day on Wednesday, dragging the main index back to the 6,200 range, as players booked gains and became increasingly cautious after the peso returned to its record low. The Philippine Stock Exchange index (PSEi) sank by 1.04% or 65.95 points to close at 6,267.85, while the broader […]
Read more →A PHILIPPINE Navy unit seized P234.4 million worth of Indonesian-made cigarettes during an anti-smuggling operation off Lutangan Island in Olutanga, Zamboanga Sibugay on July 19, authorities said. Outgoing Western Mindanao Command Chief Lieutenant General Donald M. Gumiran and Western Mindanao Naval Command chief Rear Admiral Constancio Arturo M. Reyes, Jr. said the operation also resulted […]
Read more →ONE person was killed and three others were injured after a pickup truck crashed through a roadside barrier and plunged into a rice field in Roxas, Isabela early on Tuesday, police said. The victim was declared dead on arrival at Dayos-Pascual Medical Clinic. Initial investigation showed the Isuzu D-Max was traveling eastbound toward Burgos, Isabela […]
Read more →PRESIDENT Ferdinand R. Marcos, Jr. turned over P3.4 billion in funding for peace, security and humanitarian projects in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) during a ceremony at Camp Siongco in Maguindanao del Norte on Wednesday. Officials said Bangsamoro also allocated P2.9 billion from its own budget for public services and community empowerment […]
Read more →THE Department of Information and Communications Technology (DICT) said streamlining the government’s technology portfolio to remove duplicative systems could yield up to P40 billion in savings each year.
Read more →THE Department of Trade and Industry (DTI) said it is hoping that free trade agreements (FTAs) and farm goods will help the Philippines continue the strong growth in merchandise exports posted in 2025. “Definitely, we are pushing for that,” Trade Secretary Maria Cristina A. Roque told reporters on the sidelines of the National Exporters’ Fair […]
Read more →THE Energy Regulatory Commission (ERC) said processing times for permits have dropped due to the Energy Virtual One-Stop Shop (EVOSS) system. In a statement on Wednesday, the ERC said three processes handled through the EVOSS portal are outperforming the timelines prescribed by the 2020 Citizen’s Charter. These include the authority to develop and operate point-to-point […]
Read more →EFFORTS to discourage overproduction in the face of unpredictable global demand for tobacco will be good for the industry, Japan Tobacco International (JTI) said. JTI sees the National Tobacco Administration’s (NTA) Strategic Tobacco Production Information Campaign (STRATPIC) as crucial for the industry’s ultimate sustainability by ensuring that farmers avoid market crashes due to oversupply. “Planning […]
Read more →THE PHILIPPINES can draw lessons from how Singapore manages stormwater, which has mitigated flooding in the city-state by improving its drainage network, Singapore’s national water agency PUB said. Ryan Yuen, managing director of PUB Consultants Pte. Ltd. (PUBC), a unit of PUB, said Singapore maintains a separate stormwater system from its used water collection system, […]
Read more →THE Department of Agriculture (DA) said on Wednesday that it launched the Agriculture-based Central Data Ecosystem (AbCDE) platform, which is designed to improve agricultural services through better data management. The AbCDE consolidates agricultural data to improve analysis and trigger government intervention when needed. It also streamlines public services such as joining the Registry System for […]
Read more →AGRICULTURE SECRETARY Francisco P. Tiu Laurel, Jr. said that the Department of Agriculture (DA) will enforce the 250,000-metric ton (MT) quota on fish imports at the end of the fishing season in the fourth quarter. The import restrictions were originally due to kick off on Aug. 1, but Mr. Laurel told reporters that it was […]
Read more →THE Department of Transportation (DoTr) said the P58.42-billion South Luzon Expressway Toll Road 4 (SLEX TR4) is set to start partial operations by December. In a statement on Wednesday, Transportation Acting Secretary Giovanni Z. Lopez said the construction of the project is on track, with packages A and C expected to be open before the […]
Read more →THE GOVERNMENT is seeking to resolve overlapping jurisdictions in the management of marine resources, the Department of Economy, Planning, and Development (DEPDev) said. The unified Philippine Blue Economy Framework will align agency mandates, jurisdictions, and initiatives, Economy Undersecretary for Legislative Affairs Glenda R. Rumohr said. “The harder part is that we’ve each been stewarding pieces […]
Read more →As tax practitioners, we are quite used to encountering transactions with non-resident foreign corporations (NRFCs). We regularly assist corporate clients, both foreign and local, in securing tax rulings or treaty relief confirmations from the Bureau of Internal Revenue (BIR) to avail of tax exemptions or preferential tax rates under the National Internal Revenue Code, as […]
Read more →'The other day, the impeachment court issued an order to open bank deposits. But lo and behold, you cannot open FCDU deposits,' says BSP Deputy Governor Elmore Capule as he lamented the Philippines' outdated bank secrecy rules
Read more →MANILA, Philippines — Undefeated University of Santo Tomas secured the No. 1 seeding in the semifinals after a quick work of Australian guest team Southern Storm Melbourne, 25-20, 25-14, 25-9, in the 2026 Shakey’s Collegiate National Invitationals on Wednesday at the Ninoy Aquino Stadium. The Golden Tigresses neutralized the Australians’ height advantage by beating them to the draw with fast and angled attacks to break their defensive wall on their way to a 4-0 win-loss record.
Read more →STARTRADER today launches 42 new 24/5 US Stock CFDs and announces the introduction of 43 new 24/7 US Stock CFDs from 27 July 2026, expanding its offering to 85 new instruments DUBAI, United Arab Emirates, July 22, 2026 (GLOBE NEWSWIRE) -- STARTRADER today announced the launch of 42 new 24/5 US Stock CFDs and confirmed 43 new 24/7 US Stock CFDs from 27 July 2026, giving clients direct access to 85 widely traded names. The 24/5 range spans technology, energy, healthcare, finance, and industrials,
Read more →FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the "Code”) 1. KEY INFORMATION (a) Name of exempt principal trader:Investec Bank plc(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree Advanced Medical Solutions Group Plc(c) Name of the party to the offer with which exempt principal trader
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