The Department of Migrant Workers (DMW) on Wednesday enumerated its plans on ensuring the protection and promoting the welfare and wellbeing of overseas Filipino workers (OFWs). Speaking during the Malacañang Insider program, DMW Secretary Hans Leo Cacdac said the agency’s new programs or initiatives include modernizing the National Maritime Polytechnic (NMP) for the benefit of Filipino seafarers, improving the OFW …
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The Department of Energy (DOE) has called on interested parties to submit their bid documents for petroleum exploration in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) and the same activity for natural hydrogen in Central Luzon. In a statement Thursday, the DOE said it will open the application for the 1st BARMM Conventional Energy Bid Round and the 2024 …
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By Robert Andaya As the whole nation celebrates National Heroes Day on August 26, The Market Monitor takes look at the five Filipino athletes whose bravery and heroism in the recent 2024 Paris Olympics make us proud to be Filipinos. No less than the country’s No.1 sportsman, President Ferdinand “Bongbong” Marcos and the country’s top sports officials — Philippine Olympic …
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As the country celebrates National Heroes Day, we are reminded of the indomitable spirit that has shaped our nation’s history. From the revolutionary fervor of figures like Jose Rizal and Andres Bonifacio to the quiet resilience of countless unnamed heroes, the day serves as a collective homage to those who have dedicated their lives to the cause of freedom, justice, …
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By Rose de la Cruz When El Nino was very much around, the sporadic blackouts and power outages were blamed to high cost of fuel, low dam levels to run the hydroelectric power plants amid a surging demand caused by the unbearable heat forcing residents to turn all electric fans and airconditions. But even after El Nino, the energy crisis …
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By Rose de la Cruz The jeepneys that government imposes for its public transport modernization program, from Japan and China, will only further bury the Philippines in debt, while tapping the biggest local manufacturers– which prep their jeeps for the electric vehicle stage can save the government much-needed dollars that it would otherwise buy in repaying for the imported ones. …
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Pension fund embarks on further enhancement of management processes Government Service Insurance System (GSIS) maintains its ISO 9001:2015 certification following a successful revalidation audit conducted by TÜV Rheinland Philippines, Inc. The pension fund started its ISO certification bid in 2015 for its loans processing system. Over the years, it has achieved and maintained certifications for various other processes, including membership administration, …
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By Rose de la Cruz While expressing undeserved optimism about the improving poverty situation in the country, the National Economic and Development Authority took cognizance of the need to revisit the controversial prescribed food bundle that has come under fire from most senators during the deliberations on the 2025 budget. NEDA Secretary Arsenio Balisacan, in a statement yesterday said, “part …
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By Rose de la Cruz A study of the Asian Development Bank said middle income countries MICs), both lower middle and upper middle, stay in their classification for 14 years and 28 years on average, respectively. But the Philippines has stayed as a lower middle income country category since 1987, or 37 years, which means it overstayed in the LMIC …
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By Rose de la Cruz Founded on February 14, 1995 under RA 7875 or the National Health Insurance Act (NHI), the law creating the Philippine Health Insurance Corp. promised to provide financial access to quality health care services through a social health insurance program. As such it was mandated to collect fees initially from members, and later expanded to all …
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The Market Monitor Minding the Nation's Business