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Stop nitpicking on car owners, not culprits of EDSA traffic mess – groups

By Jinky Jorgio The controversial High Occupancy Vehicle policy, which was earlier suspended by the Metro Manila Development Authority (MMDA), was criticized today by militant groups Sanlakas and the Bukluran ng Manggagawang Pilipino (BMP) for “imposing draconian measures on middle class car owners while turning a blind eye to the profiteering by banks and car manufacturers”, which according to both …

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AIIB studies financing modes for Phl projects

Finance Secretary Carlos Dominguez III has welcomed a proposal by the Asian Infrastructure Investment Bank (AIIB) to explore the possibility of local currency financing and a variable spread facility in providing loans to help fund the “Build, Build, Build” program of the Duterte administration.

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International volunteer network urges Duterte to implement escrow bond

An international volunteer network recently urged President Rodrigo Duterte to heed the Philippine Overseas Employment Administration’s (POEA) appeal for a much stricter and more stringent implementation of the regulatory policy on escrow deposit on foreign recruitment agencies.

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No financial subsidy to minimum wage earners

By Jinky Jorgio The National Wages and Productivity Commission (NWPC) admitted that government economic manages have officially thumbed down the proposal of the Department of Labor and Employment (DOLE) to grant financial subsidy to minimum-wage earners.

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Malaysian debt watcher gives Philippines credit upgrade

In a report released Wednesday, Malaysia-based RAM Ratings Services Berhad (RAM) announced that it upgraded the Philippines’ global credit rating by one notch to “gBBB2(pi),” or BBB equivalent, a notch above the minimum investment grade. The upgrade was on the back of the country’s sustained growth momentum, a persistent uptrend in foreign direct investment (FDI) inflows, and continuous progress in …

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Transition to cash-based budget forged with House

House Majority Floor Leader Rolando Andaya Jr. commended Secretary Benjamin Diokno and the Department of Budget and Management (DBM) for pursuing reforms in the budget system, particularly the shift to an annual cash-based budget, during a live television interview on August 30, 2018.

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Escudero flattered by Duterte’s mention on preferred successor

Senator Francis Escudero was humbled by President Rodrigo Duterte naming him as his preferred successor if he pushes through with plans to step down from the presidency.

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Palace to celebrate signing of BOL

President Rodrigo Roa Duterte will lead a ceremony on Monday, August 6, to mark the passage of the Bangsamoro Organic Law (BOL), a landmark law that will give meaningful autonomy to the Moro people in Mindanao.

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Philippine Navy head meets with Russian counterpart

In line with ongoing efforts to interact more with its foreign naval counterparts, Philippine Navy (PN) flag-officer-in-command, Vice Admiral Robert Empedrad, met with Russian Navy head Admiral Vladimir Ivanovich Korolev during the Russia Navy Day celebration last July 29.

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Philippines assumes coordinatorship for ASEAN-China Dialogue

The Philippines has officially taken over from Singapore the role of country coordinator for the China-Association of Southeast Asian Nations (ASEAN) Dialogue.

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