Another transmission project of the National Grid Corporation of the Philippines (NGCP) in the Visayas grid - the 138-kilovolt Panay-Guimaras interconnection project - will be facing delays due to a temporary restraining order (TRO) issued by the Supreme Court. According to the company, the TRO...
The Marcos administration was able to cut the budget deficit by more than half for the year due to strong revenues, data from the Bureau of the Treasury revealed. The fiscal gap of the national government amounted to P34.4 billion last month, showing a 65 percent decrease compared to P99.1 billion...
At the agreement signing were JuanHand Chief Executive Officer, Francisco 'Coco' Mauricio and UnionBank Executive Vice President, Bobby Abastillas. UnionBank, a multi-awarded financial institution and one of the country’s top 5 banks, has extended a credit facility to Wefund Lending Corporation,...
The French Embassy in the Philippines launched the 26th French Film Festival last Nov. 25 at the SM Mall of Asia, in partnership with SM Supermalls and SM Cinema. This is set to run until Dec. 3, showcasing a selection of around 21 contemporary French feature films. Ambassador Extraordinary...
REFLECTIONS TODAY The intermediate time between the fall of Jerusalem and the Second Coming of the Son of Man can be considered as the time of the Church. Luke records that in the formation of the early Church, the disciples of Jesus undergo persecutions and trials. The Christians’...
THE VIEW FROM RIZAL One of the unresolved “debates” in academic and historical circles – and even among ordinary Filipinos is this: who should be our national hero – Dr. Jose Rizal or Andres Bonifacio? Several scholarly writers who have tackled the subject matter have done us great service...
OFF THE BEATEN PATH Last weekend, several cities in the Philippines celebrated World Bicycle Day by having events with cyclists. This is a very welcome development, which I hope provides a push in the right direction with encouraging more people to get into cycling again. During the pandemic, there...
It has been an eventful year for many countries thus far, and part of what makes this year interesting is the reaffirmation of cooperation and friendship among many nations. Second Secretary Nasra Ali Mohammed Al-Wahaibi, Deputy Chief of Mission Mohammed Ahmed Omer Ba Omar, DFA...
Voting 21-0, the Senate on Tuesday, November 28 approved on third and final reading the proposed General Appropriations Bill (GAB) for 2024 which is at P5.768-trillion. Twenty-one (21) senators gave affirmative votes; there were zero negative votes and one abstention. Senate Minority...
Short-term benchmark interest rates sharply dropped anew, now below the local policy rate of 6.50 percent. At the Bureau of the Treasury auction on Tuesday, Nov. 28, the national government fully awarded its P10 billion offering. Total demand reached P72.215 billion, more than seven times higher...
The Department of Finance (DOF) said the government’s first-ever sukuk bond offering will be settled by the middle of December this year. In a briefing on Tuesday, Nov. 28, Finance Secretary Benjamin E. Diokno said the Bureau of the Treasury has just announced the sukuk bond issuance, noting that...
REFLECTIONS TODAY After Jesus predicts the destruction of the Temple, the people anxiously ask when this will happen. Will this also signal the end times? Jesus speaks of other terrible things to happen, but these do not mark the end, which is only known to God. However, he forewarns them to be...
