Department of National Defense (DND) Secretary Gilberto Teodoro Jr. on Friday, May 15, firmly dismissed concerns that recent political instability and a shooting incident at the Senate have caused friction within the military, asserting that the Armed Forces of the Philippines (AFP) remains...
The Asian Development Bank (ADB) is prepared to provide up to $1.75 billion in additional financing to help the Philippines, its host country, manage the economic fallout from the ongoing conflict in the Middle East. In a statement on Friday, May 15, the Manila-based multilateral lender said ADB...
Bloomberry Resorts Corp., the gambling empire controlled by billionaire Enrique Razon Jr., swung to a net loss in the first quarter as slowdown in high-stakes gaming and the absence of prior-year windfall weighed on the bottom line. The operator of Solaire Resort Entertainment City reported a net...
State-run Maharlika Investment Corp. (MIC) has extended up to ₱15 billion in short-term financing to Ramon S. Ang-led Petron Corp., the country’s lone remaining oil refinery, to boost the firm’s working capital for fuel purchases. In a statement on Thursday, May 14, the country’s sovereign...
President Marcos ordered the National Bureau of Investigation (NBI) and the Philippine National Police (PNP) to ensure that the investigation into the alleged shootout in the Senate would be truthful and impartial. Marcos made the directive during a meeting with NBI Director Melvin Matibag and PNP...
Diversified engineering conglomerate DMCI Holdings Inc. expects mixed performance across its subsidiaries this year as geopolitical tensions in the Middle East and regulatory uncertainty surrounding its coal mining assets weigh on the group’s outlook. Speaking at the company’s annual...
BACOLOD CITY – A 24-year-old cadet from Cadiz City, Negros Occidental ranked 10th in the Philippine Military Academy (PMA) “Talang Dangal” Class of 2026. Mayor Salvador Escalante Jr. lauded Cadet First Class Mark Clement Dequinto Centina of Barangay Burgos for embodying the city’s guiding...
During intense deliberations that preceded the 2005 enactment of the Expanded Value Added Tax (E-VAT) Law, which also covered oil and electricity, lawmakers defended the measure as a treasury-tightening mechanism; an unpopular but calculated imposition designed to raise massive revenues so it could...
Police forces in Albay and nearby areas have been instructed to step up the necessary preparations for possible lahar flows and other public-safety problems for residents near the Mayon Volcano due to potential heavy rains from Tropical Storm “Caloy.” “We are in constant coordination with...
SAN FERNANDO CITY, La Union – Newly installed Police Regional Office-1 chief Police Brig. Gen. Jovencio S. Badua Jr. on Friday launched a program to boost anti-crime operations and public trust in the police in the Ilocos region. Badua said the program – Enhanced Anti-Criminality, Law...
In what is seen as a move to compel former Sen. Ronald “Bato” Dela Rosa to come out of his hiding place, the Department of the Interior and Local Government (DILG) has ordered an all-out investigation into all complaints and records of discrepancies in the conduct of the drug war during his...
As one of the favorite punching bags of critics, the announcement of who’s in and who’s out in the list of most complained government agencies was a nerve-wracking experience for top officials of the Philippine National Police (PNP). And PNP chief Gen. Jose Melencio C. Nartatez, Jr. appeared to...
