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 …
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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 …
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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 …
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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. …
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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, …
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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 …
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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 …
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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– …
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By Rose de la Cruz For the longest time, the public schools are being used as evacuation centers during calamities (natural or man-made). Thus, classes are disrupted and in the end students suffer, which is why we now have a learners’ crisis syndrome in the country. The Department of Education has made clear at the last meeting of the National …
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The Market Monitor Minding the Nation's Business