Top News

Celebrating 50 Years of MARINA: A Beacon in the Philippine Maritime Industry

On June 1, 2024, the Maritime Industry Authority (MARINA) celebrated its 50th anniversary, marking half a century of dedicated service and significant contributions to the Philippine maritime industry. Established to oversee and develop the country›s maritime sector, MARINA has played a pivotal role in shaping the maritime policies and practices that have fostered growth, safety, and innovation in the industry. …

Read More »

More firms commit to price-freeze on basic commodities

More major manufacturers of basic necessities and prime commodities have committed to implementing a voluntary price freeze in support of Filipino consumers amid rising prices of goods and the ill effects of the El Niño phenomenon, the Department of Trade and Industry announced last Saturday. In a statement, the DTI said several firms, including Monde Nissin, Alaska Milk Corporation, Nestlé, …

Read More »

Finance chief welcomes toll fee hikes exemption of agri-trucks

Finance Secretary Ralph G. Recto has welcomed the decision to exempt trucks carrying agricultural goods from toll fee hikes and avail of rebates beginning June 1, 2024 in order to reduce food inflation and ensure the stability of food prices. “I thank our government agencies as well as our partner toll expressway concessionaires and operators for their full cooperation. This …

Read More »

Filipinos with NCDs spend high out-of-pocket costs

Filipinos with non-communicable diseases (NCDs) such as cardiovascular diseases, cancer, and diabetes, shoulder significant out-of-pocket healthcare expenses. This finding was highlighted in a recent webinar conducted by the Philippine Institute for Development Studies (PIDS) featuring the study titled “Determinants of Household Out-of-Pocket Expenditure on Noncommunicable Diseases”. Authored by PIDS Consultant Lovely Ann Tolin and PIDS Senior Research Fellow Valerie Gilbert …

Read More »

Government seizes P25-M worth of illegal vapes in first five months of 2024

The government has confiscated more than P25 million worth of illegal vape products in the first five months of the year, the Department of Trade and Industry (DTI) reported on Saturday. The DTI seized P25,874,175 worth of illegal vape products, surpassing the agency’s total illegal vape seizure for the entire 2023, amounting to P5,453,852. Trade Secretary Alfredo Pascual attributed these …

Read More »

Online sexual abuse affect 302-M children yearly– study

One in eight children in the world have been victims of non-consensual taking, sharing and exposure to sexual images and video in the past 12, according to a study of the University of Edinburgh. The Agence France Presse citing the study said this number based on the data of the university’s Childlight Global Child Safety Institute which did the study. …

Read More »

RCI calls out Nasugbu Mayor for spreading ‘Malicious Disinformation’

Through official correspondences, Roxas and Company, Inc. (RCI) censured Nasugbu Mayor Antonio Jose Barcelon for issuing inaccurate and “malicious” statements against the publicly-listed firm, and notified him about the possibility of facing legal action for doing so.   In two separate letters addressed to the mayor’s office, RCI refuted Barcelon’s earlier claims that were posted on his official social media accounts, …

Read More »

Business and journalism

As a young Filipino-Chinese kid who spent my childhood years staying in my paternal grandparents’ store during school breaks in Binondo, Manila, I personally witnessed how a measly 25 or 50-centavo profit from every item they sold was enough to put a smile on their faces. Back then, I didn’t understand that it was my grandparents’ ploy to lure repeat …

Read More »

Phl saw 243% jump in web threats in 2023

Global cybersecurity giant, Kaspersky, reported that the Philippines had the highest increase in web threats in 2023 jumping by 243 percent, compared to its neighbors in Southeast Asia, or from 492,567 incidents in 2022 to 1.69 million in 2023. Singaporean businesses experienced an 86-percent rise from 889,093 in 2022 to 1.65 million in 2023 while Thai companies saw a notable …

Read More »

Gaming as a major recipient of laundered money

The Philippines must take all precautions against money laundering (or dirty money obtained illegally and intended for criminal syndicates) or it might forfeit all its hard work to exit the ‘gray list’ of the Financial Action Task Force (FATF’s) jurisdiction under its increased monitoring for dirty money. The Philippines has been on the ‘gray list’ since June 2021. Gaming resorts– …

Read More »