By Jesse C. Ong Proudly staring at the enormous establishments he built over the years on US soil, 69-year-old Orlando Cruz is still in disbelief that the once seemingly impossible dream of fashioning a lucrative construction business in the “land of milk and honey” has turned into huge reality. From his humble beginnings as a carabao-riding young boy tilling farmlands …
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The Philippine peso ended the week better against the US dollar after climbing to the P55-level, but the main equities index shed anew as investors continue to take profit following last week’s rally. The local currency ended the trading at P55.71 a dollar from P56.1 on Thursday. It opened the day at P56.2 a dollar, an improvement from its P56.45 …
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State pension fund Government Service Insurance System (GSIS) is set to release a total amount of P3.35 billion in Christmas cash gift to more than 328,000 old-age and disability pensioners starting December 6. “Alam namin ang Christmas cash gift ay hinihintay talaga ng aming GSIS pensioners at ito ang makapagpapasaya sa kanila ngayong Pasko. Kaya simula December 6, na-credit na …
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On 10 November 2022, the Philippines joined other ASEAN Member States and the United Kingdom (UK) in endorsing the Work Plan to Implement the ASEAN-UK Joint Ministerial Declaration on Future Economic Cooperation during the 2nd ASEAN Economic Ministers-UK Consultations held at the sidelines of the 40th and 41st ASEAN Summit in Phnom Penh, Cambodia. The Philippines was led by DTI …
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As part of the 40th and 41st ASEAN Summit and Related Meetings, Trade Secretary Alfredo E. Pascual joined other ASEAN Member States in attending the 21st ASEAN Economic Community Council (AECC) Meeting on 10 November 2022 in Phnom Penh, Cambodia. The 21st AECC serves as the culmination of a series of high-level meetings under the ASEAN Economic Pillar for Cambodia’s …
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There have been numerous reports and actual complaints recently about “scammers” selling National Commission of Senior Citizens (NCSC) data forms to hapless senior citizens in Region 11, Caraga Administrative Region (CAR) and the NCSC is quick to act and investigate the anomaly. An enraged NCSC Chairman Atty. Franklin Quijano immediately ordered a thorough investigation by asking concerned authorities in the …
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The German Embassy in the Philippines, together with its implementing partner organizations, continue to support sustainable peace-building in Mindanao. This takes place through several projects that employ an inclusive approach in various sectors. “We are convinced that a successful and inclusive peace process will increase prosperity and social cohesion not only in the Philippines, but also in this highly inter-connected …
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The Philippines is among the world’s most disaster-prone countries. According to World Bank, the country—which is along what is called the Pacific “typhoon belt”—experiences an average of 19 to 20 typhoons per year. Given the threat of climate change, East Zone concessionaire Manila Water is implementing nature-based solutions including the protection, rehabilitation, and enhancement of watersheds to address the increasing …
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(A tribute to Apo Whang-Od Oggay, a National Commission of Senior Citizens (NCSC) Elderly Filipino Week (2022) awardee for her outstanding contribution to national culture and the arts.) In the beautiful mountainous province of Kalinga, where breathtaking sky-high views and stunning natural landscapes meet – there lived a 104 year-old centenarian named Whang-Od Oggay, the oldest living “mambabatok” not only …
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Philippine President Ferdinand R. Marcos Jr. graced the 19th edition of the China-ASEAN Expo (CAEXPO) through a pre-recorded video message during its opening ceremony. With a strong invitation to welcome new opportunities to the country, the president highlighted that the Philippines is “very much open for business.” CAEXPO is an annual international event held since 2004 with the aim of …
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The Market Monitor Minding the Nation's Business