The Philippine Navy (PN) said Sunday, April 12, that it has seized an estimated P64 million worth of alleged smuggled cigarettes off Sulu during one of its recent maritime patrol operations in the restive southern waters. Personnel of the Western Mindanao Naval Command’s (WMNC) Naval Task Force...
The Philippine Economic Zone Authority (PEZA) signaled plans to lower this year’s ₱300-billion target for investment pledges amid a 22-percent drop in approvals in the first quarter, as the ongoing war in the Middle East dampens investment plans. In a statement on Saturday, April 11, PEZA said...
Action in the Luzon and Visayas-Mindanao legs of the Junior Philippine Golf Tour intensifies this week as top junior players and rising talents gear up for another fierce showdown at Summit Point in Batangas and Alta Vista in Cebu City. Despite some opening-leg winners from Mount Malarayat and...
The interagency Fiscal Incentives Review Board (FIRB) has allowed registered business enterprises (RBEs) in economic zones and freeports to temporarily adopt work-from-home (WFH) arrangements of up to 90 percent of their workforce, following the declaration of a national energy emergency. In a...
The country’s competition watchdog is intensifying its scrutiny of domestic fuel prices to shield consumers from unwarranted hikes triggered by escalating tensions in the Middle East. In a statement, the Philippine Competition Commission (PCC) said it is monitoring the market behavior of local...
Local stocks finished marginally higher in thin trading on Friday, April 10, as investors balanced optimism from a Wall Street rally against heightened anxiety over upcoming geopolitical negotiations. The Philippine Stock Exchange index (PSEi) edged up 8.30 points, or 0.14 percent, to end the week...
The Philippine Coast Guard (PCG) unveiled a new command center in the Kalayaan Island Group (KIG) on Thursday, April 9, to strengthen the country’s maritime security and sovereignty in the West Philippine Sea (WPS). PCG Commandant, Admiral Ronnie Gil Gavan and Department of Transportation (DOTr)...
Simple solutions tend to go a long way. In keeping with this maxim, Quezon City 5th district Rep. PM Vargas has renewed his call for the immediate passage of the Philippine Bicycle Act, as he cited the urgent need for sustainable transport amid elevated prices of fuel. Under House Bill (HB) No....
The country’s umbrella group of manufacturers and producers is urging the government to provide more support to businesses through subsidies and incentives, as higher operating costs threaten millions of livelihoods. In a statement, the Federation of Philippine Industries (FPI) said the...
Chinese forces fired flares directly at the aircraft of the Philippine Coast Guard (PCG) while it was conducting maritime patrol over the Kalayaan Island Group on Thursday afternoon, April 9. The incident, which happened as the country observes Araw ng Kagitingan or Valor Day, was the latest of the...
The ceasefire-driven rally of Asian currencies, including the Philippine peso, may be short-lived as global oil risks linger, according to Singapore-based Oversea-Chinese Banking Corp. Ltd. (OCBC). In an April 9 report, OCBC Group Research foreign exchange (FX) strategists Sim Moh Siong and...
On Araw ng Kagitingan or Valor Day, the Philippine Coast Guard (PCG) has activated a district station at the Pagasa Island in a bid to further make its presence felt and assert the country’s sovereignty over the West Philippine Sea. Department of Transportation (DOTr) Secretary Giovanni Z. Lopez...
