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1853 articles from BusinessWorld
THE House of Representatives Committee on Appropriations on Tuesday granted parliamentary courtesy to the Office of the President (OP), cutting short deliberations on its proposed P10.156-billion budget for 2027 even as some lawmakers called for greater scrutiny of Palace spending. The move drew objections from minority lawmakers during the budget hearing, who said Congress should […]
Read more →TWO WITNESSES from the Armed Forces of the Philippines (AFP) testified that no confidential and intelligence funds (CIF) from the Department of Education (DepEd) under Vice-President (VP) Sara Duterte-Carpio’s leadership have been used to fund Youth Leadership Summits (YLS) and other educational activities in 2023. At the 20th day of the impeachment trial of Ms. […]
Read more →MORE than 1.1 million workers in Metro Manila have lost an estimated P2.5 billion in wages since the implementation of the P85 minimum wage increase was halted, labor group Sentro ng mga Nagkakaisa at Progresibong Manggagawa (SENTRO) said on Tuesday. The group urged the Labor department and the Regional Tripartite Wages and Productivity Board-National Capital […]
Read more →MANUEL V. PANGILINAN-LED Metro Pacific Tollways Corp. (MPTC), the operator of North Luzon Expressway (NLEX), is set to elevate the San Simon segment of the toll road network as a permanent measure to prevent recurring floods in the area. “[MPTC] recognizes the difficulties faced by motorists and will continue working with national and local agencies […]
Read more →THE Senate has approved on third and final reading a measure seeking to protect unit owners, occupants, and the public from the hazards of aging condominium units by providing structural regulations and tax exemptions for redevelopment. Voting 18-0-0, the chamber passed Senate Bill No. 2420 or the Condominium Redevelopment Act, which establishes a clearer legal […]
Read more →THE Commission on Elections (Comelec) on Tuesday urged the House of Representatives to restore the P9-billion cut from its 2027 budget, warning it could compromise the 2028 national elections. During the House Committee on Appropriations budget hearing, Comelec Commissioner George Erwin M. Garcia said that the poll body’s Preparatory National and Local Elections (PNLE) budget […]
Read more →THE Palace said there is still no actual proposal to build a data center outside New Clark City under the proposed Philippine-US Pax Silica framework. Palace Press Officer Clarissa A. Castro, quoting the Department of Trade and Industry (DTI), said any investment project under the initiative — data center or otherwise — would have to […]
Read more →LEYTE REP. Ferdinand Martin G. Romualdez’s camp on Tuesday rejected the Ombudsman’s position that witness recantations constitute additional evidence against him, saying the reversals instead weaken the allegations against the former House of Representatives speaker. In a statement, Abdiel Dan Elijah Fajardo, Mr. Romualdez’s spokesman, said that the recantations should raise questions about the credibility […]
Read more →THE Supreme Court (SC) has ruled that affidavits of desistance by victims of exploitation are “highly suspect” and cannot be used as a basis to dismiss human trafficking cases, particularly when executed by children. In a decision promulgated on Feb. 19, the SC’s Third Division affirmed the conviction of a woman for qualified trafficking in […]
Read more →MALACAÑANG said leptospirosis cases have fallen 19% from last year’s tally, even as heavy flooding continues to hit parts of the country. Palace Press Officer Clarissa A. Castro said Health Secretary Edwin M. Mercado reported the update during President Ferdinand R. Marcos, Jr.’s meeting with disaster-response agencies, noting that last year’s case count reached 7,187, […]
Read more →SENATE Finance Committee Chairperson Joseph Victor G. Ejercito on Tuesday urged civil society organizations to take part in the budget process by flagging items in the 2027 National Expenditure Program (NEP) that may be questionable. Mr. Ejercito said the Senate needs all the assistance they could get in vetting the items of the NEP, noting […]
Read more →Senator Panfilo “Ping” M. Lacson has filed a bill seeking to grant the Office of the Ombudsman its own law enforcement service that is authorized to enforce investigations, arrests, detentions, searches and seizures. Under Senate Bill No. 2394 filed last Aug. 12, Mr. Lacson sought to amend the Ombudsman Act of 1989 by introducing a […]
Read more →PHILIPPINE SHARES surged on Tuesday as investors took advantage of lower prices following last week’s decline and with improved activity in the manufacturing sector in August lifting the market’s mood. The Philippine Stock Exchange index (PSEi) jumped by 2.31% or 137.56 points to close at 6,093.89, while the broader all shares index rose 1.33% or […]
Read more →AGRICULTURE Secretary Francisco P. Tiu Laurel, Jr. said he expects the P20-billion Animal Competitiveness Enhancement Fund (AnCEF) to roll out in 2028, with the Department of Agriculture (DA) still putting together the regulatory requirements. At the DA’s budget hearing at the House of Representatives, Mr. Laurel said that the AnCEF was supposed to launch next […]
Read more →PHILIPPINE SHARES may rebound this week, supported by bargain hunting following the market’s steep decline in past sessions, even as inflation concerns and a weaker economic outlook continue to weigh on sentiment. On Friday, the Philippine Stock Exchange index (PSEi) sank by 0.8% or 48.25 points to close at 5,956.33, while the broader all shares […]
Read more →CONGRESS’ priority bill mechanism does not guarantee swift passage of key legislation, as measures remain vulnerable to political negotiations, procedural bottlenecks and competing priorities, political analysts said.
Read more →PRESIDENT Ferdinand R. Marcos, Jr. on Monday called on Filipinos to help defend the country’s maritime rights and national interests, saying the Philippines would continue asserting its claims peacefully and in accordance with international law. “We will defend our rights in a peaceful manner, in accordance with the law and our principles,” he said during […]
Read more →AMENDING the Philippines’ decades-old Bank Secrecy law could strengthen investor confidence by improving transparency, helping recover unpaid taxes and unexplained wealth, and reinforcing the country’s financial integrity, analysts said.
Read more →THE southwest monsoon was expected to bring heavy rainfall to parts of western Philippines over the next four days, although the overall risk of significant disruptions remained low, the state weather bureau said on Monday. In a forecast issued at 3 p.m. on Monday, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said Occidental […]
Read more →SENATOR Panfilo “Ping” M. Lacson on Monday said the government might have wasted P3.71 billion on infrastructure projects tied to alleged illegal reclamation activities along Laguna Lake in Taguig City, citing findings from an investigation conducted by his staff. “Based on official records and our investigation, the total cost of identified completed, ongoing and suspended […]
Read more →SENATOR Francis Pancratius N. Pangilinan on Monday asked the Department of Public Works and Highways and the Department of Agriculture (DA) to conduct immediate assessment and repairs of damaged agricultural infrastructure following recent typhoons. In a press statement, Mr. Pangilinan, who chairs the Senate Committee on Agriculture, called for the quick restoration of farm-to-market roads, […]
Read more →THE Supreme Courts (SC) of the Philippines and Brunei have partnered in pursuit of a stronger judicial training as emerging legal issues, such as artificial intelligence (AI), cybercrime, trafficking and climate-related disputes, require greater cross-border collaboration. Chief Justice Alexander G. Gesmundo said the rapid pace of change requires judges and court personnel to engage in […]
Read more →SINGAPOREAN diplomat and academic Tommy Koh, Bangladeshi social development worker Runa Khan, and Myanmar human rights advocate Bo Kyi have been named recipients of the 2026 Ramon Magsaysay Award, Asia’s premier prize for public service and leadership. The Ramon Magsaysay Award Foundation (RMAF) recognized the three for their contributions to diplomacy, community development, human rights […]
Read more →MALACAÑANG on Monday condemned the theft of critical components from Metro Manila’s pumping stations, warning perpetrators will face sanctions for sabotaging government flood-mitigation infrastructure. In a video statement on Monday, Palace Press Officer Clarissa A. Castro said the theft of parts has disrupted the operations of several pumping stations across Metro Manila. This comes as […]
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