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Complainants to continue seeking accountability over P60-B PhilHealth fund transfer

ILOILO CITY – Ilonggo complainants won’t stop seeking accountability in the P60-billion Philippine Health Insurance Corp. (PhilHealth) fund transfer to the national treasury even after the Office of the Ombudsman junked the plunder and graft cases filed against Executive Secretary Ralph Recto...
Manila Bulletin

First Gen fires back at Lopez family faction over Razon hydro deal

First Gen Corp., the power producer controlled by the Lopez family, rejected allegations from a majority faction of its founding clan over a ₱50 billion premium paid for a stake in a pumped-storage hydropower venture, saying the claims show the fundamental misunderstanding of corporate finance....
Manila Bulletin

Renewed US-Iran attacks weigh on PSEi

The Philippine Stock Exchange index (PSEi) dipped marginally on Wednesday, June 10, after shots were again fired between the United States (US) and Iran as the prolonged conflict approached its 100th day. The main index shed 4.35 points, or 0.07 percent, to close at 5,941.36. Mining and oil stocks...
Manila Bulletin

Families of people killed in earthquake to get P50,000 aid — Marcos

President Marcos announced that the families of those who died during the magnitude 7.8 earthquake in Sarangani will receive P50,000 each from the government. He announced this while in General Santos City on Wednesday, June 10, to assess the situation following the strong earthquake, which claimed...
Manila Bulletin

Ombudsman dismisses plunder, graft complaints vs Recto, Ledesma over PhilHealth fund transfer

The Office of the Ombudsman has dismissed plunder, graft and administrative complaints against Executive Secretary and former Finance Secretary Ralph G. Recto and former Philippine Health Insurance Corporation (PhilHealth) President and CEO Emmanuel Rufino Ledesma Jr. over the transfer of ₱60...

PAGASA confirms El Niño conditions in tropical Pacific

The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said El Niño conditions have emerged in the tropical Pacific, and a full El Niño event is likely to develop in the coming months. In an advisory on Tuesday, June 9, PAGASA said that sea surface temperature...
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