A group of lawmakers in the House of Representatives on Thursday filed a bill authorizing the government to seize illegally acquired real estate properties owned by foreign nationals, particularly those linked to illegal Philippine Offshore Gaming Operators (POGOs). Senior Deputy Speaker Aurelio Gonzales Jr., Deputy Speaker David Suarez, and House Quad Committee chairs Robert Ace Barbers, Dan Fernandez, Bienvenido Abante …
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The Philippine Air Force (PAF) honored the Indonesian aerial contingent for its invaluable humanitarian assistance and disaster relief (HADR) efforts in response to Severe Tropical Storm Kristine (international name Trami), which severely impacted large parts of the Philippines last month. In a statement released Thursday, PAF spokesperson Col. Ma. Consuelo Castillo highlighted that the Tentara Nasional Indonesia (TNI) deployed two …
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The Philippine Statistics Authority (PSA) has blocked 1,627 questionable late birth registrations filed by foreign nationals, a discovery made following an in-depth investigation. Senator Grace Poe reported these findings during her defense of the PSA’s proposed 2025 budget in a Senate plenary session. According to Poe, the PSA has provided the names of these foreign nationals to key government agencies, …
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President Ferdinand R. Marcos Jr. signed the Enterprise-Based Education and Training (EBET) Framework Act into law on Thursday, seeking to address persistent job mismatches and cultivate a highly skilled, globally competitive Filipino workforce. “By establishing a framework on career advancement and industry-relevant skills, this law directly addresses the issues on the lack of formal training and skill mismatches, ensuring that …
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With Donald Trump’s re-election as US President, the Philippines faces both opportunities and challenges in redefining its long-standing alliance with the United States. Trump’s “America First” stance has reshaped US foreign policy priorities, with a focus on economic nationalism and selective engagement abroad. For the Philippines, this second term could bring shifts in trade, security, and diplomatic ties that require …
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The recently released BSP Report on the Philippine Financial System for the First Semester of 2024 highlights the robust performance of the Philippine banking sector, marked by sustained growth in assets, loans, deposits, and earnings, along with strong capital and liquidity positions on the back of an improved macroeconomic environment and BSP’s steady pursuit of progressive financial sector reforms. “Banks …
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By Rose de la Cruz As local cement manufacturers are complaining that utilization of cement plants have been low, with some plants being forced to shut down, because of slow demand which is being filled by surging cement imports, the Department of Trade and Industry is now conducting what it calls preliminary safeguard investigation of cement coming from various countries. …
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President Ferdinand R. Marcos Jr. announced that the government is making significant progress in reducing food poverty, as the Department of Social Welfare and Development (DSWD) reported a substantial drop in food-poor families. “We are doing a better job of feeding people who need it,” Marcos stated during a sectoral meeting at Malacañang. According to the DSWD, the number of …
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The Department of Education (DepEd) has partnered with Canva Philippines for free access and training for public school teachers nationwide that will aid them with tools to provide a more interactive learning experience for students. DepEd Secretary Sonny Angara formalized the partnership for Canva for Education on Wednesday in a signing ceremony in Pasig City, attended by Australian Ambassador to …
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The newly inaugurated Maersk Optimus Distribution Center in Calamba City, Laguna, is expected to generate approximately 2,000 jobs for Filipinos, with 1,000 direct positions within the facility and an additional 1,000 indirect roles in support sectors, including trucking, vending, and other essential services. The said facility will also aid in alleviating congestion in Manila by strategically shifting logistics operations to …
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The Market Monitor Minding the Nation's Business