President Marcos has ordered the creation of the National Sports Tourism Interagency Committee to harmonize and oversee all government initiatives to develop and sustain sports tourism. Marcos made the directive through Administrative Order No. 38, which stressed the need to create an inter-agency...
DMCI Mining is only one of the Philippine conglomerates that are bullish about mining in Palawan, despite the negative perceptions of some stakeholders in the Province about the industry. It plans to begin operations at the Long Point nickel mine in Palawan within 2025, through Berong Nickel Corp,...
The Philippine Economic Zone Authority (PEZA) expects to attract new investments from South Korean manufacturing and technology companies that have expressed interest in establishing operations within the country’s extensive network of ecozones. The PEZA, together with the Office of the Special...
The Philippine Red Cross (PRC) on Monday, November 3, announced that it has placed all its Cebu chapters on full alert as Typhoon Tino (international name: Kalmaegi) moves westward and is expected to affect parts of the Visayas region in the coming days. Following the directive of PRC Chairman...
The Philippine Stock Exchange index (PSEi) crashed to its lowest level in three years, wiping out gains amid a market-wide panic triggered by persistent inflation fears and weaker-than-expected economic performance. The main index fell by 101.62 points, or 1.71 percent, closing the session at...
The Department of Education (DepEd) is urging the government to fully fund its mandates and programs, stressing that solving the country’s persistent literacy challenges requires financial support that matches the scope and cost of its growing responsibilities. DepEd Secretary Sonny Angara, in a...
The Philippine Army (PA) placed its disaster response units on alert as typhoon “Tino” advanced toward Eastern Visayas on Monday, Nov. 3. A total of 417 humanitarian assistance and disaster response (HADR) teams composed of 4,376 officers, enlisted personnel, Citizen Armed Force Geographical...
The country’s chief economist expressed a less optimistic outlook for third-quarter growth, noting that both domestic—including the flood control corruption scandal—and external economic conditions may have influenced the possibly dismal performance. “I am not as optimistic as I used to, or...
Suspected dried marijuana or kush valued at P1.6 million was recovered in Barangay San Piro, Balayan, Batangas on Sunday morning, Nov. 2. These were reportedly dumped in the West Philippine Sea and drifted toward Barangay San Piro. Barangay Chairman Roderick Reyes delos Reyes informed the Balayan...
Energy Development Corp. (EDC), the Lopez Group 's renewable energy arm, has maintained its top-tier financial standing, receiving the highest PRS Aaa credit rating with a Stable Outlook from Philippine Rating Services Corp. (PhilRatings) for its ₱12.5 billion in outstanding Fixed-Rate ASEAN...
State-run Philippine Amusement and Gaming Corp. (Pagcor) reported a 49 percent increase in net income for the first nine months of the year to ₱14.32 billion from ₱9.63 billion in the same period last year. In a statement on Monday, Nov. 3, Pagcor Chairman and Chief Executive Officer Alejandro...
The Department of National Defense (DND) signed a Status of Visiting Forces Agreement (SOVFA) with Canada on Sunday, Nov. 2, a landmark deal that underscored its strategic push to deepen security ties with like-minded nations in pursuit of peace, stability, and national resilience. The SOVFA,...
