ILOILO CITY – Murdered Vice Mayor Julio M. Estolloso of Ibajay town, Aklan province was a beloved teacher and school principal. His death in the hands of Municipal Councilor Mihrel Senatin devastated students, faculty, and alumni of Melchor Memorial School Inc. “He was a dedicated educator who...
With an already narrow output gap and the economy in a “goldilocks” or ideal state, the Bangko Sentral ng Pilipinas (BSP) said slashing key borrowing costs further by three-quarters of a point is unlikely, with two cuts more likely than one. “I think two is more likely than one. Two is still...
Despite recent interest rate cuts by the Bangko Sentral ng Pilipinas (BSP), inflation hitting nearly six-year lows in recent months, and still-muted second-quarter growth in some sectors, further reductions in key borrowing costs are seen as necessary. “We think the second-quarter GDP [gross...
Amid expectations of slower economic growth and lower inflation this year, global investment banking giant Goldman Sachs sees more interest rate cuts by the Bangko Sentral ng Pilipinas’ (BSP) Monetary Board (MB) during the next three quarters before pausing its easing cycle. In an Aug. 7 report,...
ILOILO CITY — Municipal councilor Mihrel Senatin told police that he shot and killed Vice Mayor Julio Estolloso of Ibajay town in Aklan province last Aug. 8 because he was mad over his indifferent treatment. “Sinasabi niya na hindi niya naman daw barilin kung wala siyang galit (He said he...
The Philippines and Southeast Asia may attract foreign investments avoiding China and India if the United States (US) pushes through with its threat of higher tariffs on Indian goods, according to the think tank Capital Economics. “[US] President [Donald] Trump’s threat to impose an additional...
ILOILO CITY – Police Brig. Gen. Josefino Ligan is overseeing the investigation of the Aug. 8, Friday, killing of Vice Mayor Julio M. Estolloso of Ibajay town in Aklan province. Ligan inspected on Saturday, Aug. 9, the Sangguniang Bayan (SB) office where Estolloso was shot and killed by SB Member...
ILOILO CITY – The killing of Vice Mayor Julio M. Estolloso by Sangguniang Bayan (SB) member Mihrel Senatin in Ibajay town, Aklan province was complete shock as the two are political allies. Police Major Rajiv Salbino, chief of the Ibajay Municipal Police Station, said that politics is unlikely...
ILOILO CITY – Vice Mayor Julio M. Estolloso of Ibajay town in Aklan province was shot dead by Sangguniang Bayan (SB) Member Mihrel Senatin on Friday morning, Aug. 8. The incident occurred around 9:15 a.m. inside the SB office where the 43-year-old Senatin entered and requested copies of local...
Coupled with an increase in unpaid workers, the number of jobless Filipinos swelled by more than 300,000 to 1.95 million in June from 1.62 million a year ago, with the online gambling sector partly contributing to the pool of unemployed. Preliminary data from the Philippine Statistics Authority...
Rice prices dropped at their fastest pace since 1995, bringing consumer price increases to below one percent in July, partly supported by the current administration’s ₱20-per-kilo rice program. Philippine Statistics Authority (PSA) Undersecretary and National Statistician Claire Dennis Mapa...
Six out of 45 projects flagged as problematic in 2023 by the Department of Economy, Planning, and Development (DEPDev) have been removed from the list of critical-stage projects, a top official said. This, as DEPDev’s 2024 Official Development Assistance (ODA) Portfolio Review Report released on...
