‘Moderate the greed,’ Zubiri tells big firms opposing wage hike

Jerome Aning, Marlon Ramos 02/17/2024

Addressing concerns raised by a business group regarding the P100 legislated wage hike, Senate President Juan Miguel Zubiri emphasized the need to “moderate the greed” among large corporations. The Senate already passed the wage hike bill on…

Ex-Consolacion mayor, officials acquitted in graft case

Kathleen de Villa 02/17/2024

The antigraft court on Friday acquitted former Consolacion, Cebu Mayor Avelino Gungob Sr. and six other municipal officers of graft charges related to the purchase of organic fertilizers nearly 19 years ago whose prices were purportedly jacked…

PH OKs revised Asean free trade pacts with ANZ, Hong Kong

Alden M. Monzon 02/16/2024

MANILA — The Philippines, a founding member of Association of Southeast Asian Nations (Asean), has agreed to amend two important free trade agreements to benefit investors, traders, and exporters. The Department of Trade and Industry (DTI) announced…

Remittances soar to P33.5 billion in 2023 – BSP

Ian Nicolas P. Cigaral 02/16/2024

MANILA, Philippines — Filipinos abroad sent a record amount of money back home in 2023 as remittances hit $33.5 billion, boosted by a stronger peso. This increase in the value of remittances helped households cope with high…

Senate approves P100 wage hike for private workers on 2nd reading

TIna Santos 02/15/2024

The Senate passed on Wednesday a significant bill that requires a P100 increase in the daily minimum wage for private sector workers. Senate President Juan Miguel Zubiri described it as a Valentine’s Day gift to workers, with…

Tech-savvy families drive PH leisure spending surge

Ian Nicolas P. Cigaral 02/15/2024

The increasing number of tech-savvy families in the middle and upper-income brackets is boosting the demand for leisure items in the Philippines, said BMI, a unit of the Fitch Group. This trend is expected to benefit the…

Fuel firms slash prices amid global demand dip

Meg Adonis 02/12/2024

MANILA, Philippines —The five-week trend of rising fuel prices will stop on Tuesday, February 13, due to a decrease in global demand. Local fuel companies announced in separate statements on Monday that they would reduce gasoline prices…

Pagasa: Expect rain showers in some PH areas today

Zeus Legaspi 02/12/2024

MANILA, Philippines — Some areas of the country are expected to have rain showers on Monday because of two weather systems, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa). Pagasa’s advisory at 4 a.m. stated…

Upskilling key to gov’t strategy to boost jobs

Jerome Aning 02/10/2024

The government is working to improve employment by upskilling workers and enhancing job distribution, as announced by President Marcos’ Private Sector Advisory Council (PSAC). Labor Secretary Bienvenido Laguesma mentioned that recent data from the Philippine Statistical Authority’s…

PSEi surges with strong foreign buying ahead of Lunar New Year break

Miguel Camus 02/09/2024

MANILA, Philippines —The Philippine Stock Exchange Index (PSEi) rose on Thursday due to strong foreign buying ahead of the long weekend. By the end of trading, the PSEi went up by 0.29 percent (20.12 points) to reach…

Pagasa: No cyclones expected in PH this weekend

John Eric Mendoza 02/09/2024

  MANILA, Philippines — The Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) said Friday that there won’t be any tropical cyclones within the Philippine area of responsibility (PAR) this weekend. However, rain showers might occur in…

At least 7 killed, dozens missing in Mindanao mining landslide

Frinston Lim 02/08/2024

MACO, DAVAO DE ORO —Authorities here say seven people are dead and at least 40 others remain missing after a landslide in a gold mining village in this town. Mayette Bagaan and her husband, Robernant, were among…

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