Stocks to move sideways ahead of US CPI, Fed

LOCAL STOCKS are expected to move sideways on Friday on tepid market activity as investors wait for the release of November US inflation data and the US Federal Reserve’s policy meeting next week, where they are expected to hike rates anew. The 30-member Philippine Stock Exchange index (PSEi) lost 149.22 points or 2.23% to close […]

Maharlika still flawed after pensions ruled out as funders

SPEAKER Martin G. Romualdez during the opening of the 19th Congress at the House of Representatives in Quezon City on July 25. — PHILIPPINE STAR/ KRIZ JOHN ROSALES By Beatriz Marie D. Cruz THE proposed Maharlika Wealth Fund (MWF) continues to be saddled with governance “red flags” even after the withdrawal from participation of chef […]

Mayors see building up staff, irrigation as major hurdles to post-Mandanas devolution

PHILSTAR FILE PHOTO/ RELEASE JBROS CONSTRUCTION CORP. By Luisa Maria Jacinta C. Jocson, Reporter LOCAL government units (LGUs) face an uphill task in staffing up to implement devolution and taking charge of irrigation in the wake of the Supreme Court’s Mandanas-Garcia ruling, mayors said. “We are supportive of devolution. It’s just that there are limitations […]

Strong 3rd quarter metals output points to solid 2022

BW FILE PHOTO THE Department of Environment and Natural Resources (DENR) said metallic minerals production for the second half of the year is continue the sector’s strong performance in the third quarter. “It’s very promising as you know for this year. We don’t have the exact figures for the final semester yet but in the […]

PHL expecting healthcare technology transfer from Taiwan after MoU signing

By Alyssa Nicole O. Tan, Reporter THE Philippine healthcare industry could benefit from technology transfer following the signing of an agreement between Taiwan’s Institute for Biotechnology and Medicine Industry (IBMI) and hospitals in the Asia-Pacific, a Philippine hospital industry official said. “Initially, it is more of establishing relationships between the hospitals and of course, the […]

RCEP seen signed by early 2023

REUTERS THE Department of Trade and Industry (DTI) said the Philippines could finally sign on to the Regional Comprehensive Economic Partnership (RCEP) trade agreement by early next year. Trade Undersecretary Ceferino S. Rodolfo told reporters on the sidelines of the recent National Export Congress 2022 in Pasay City that the DTI is hoping that the […]

LGUs must step up crisis communication capacity

PHILIPPINE STAR/ MICHAEL VARCAS LOCAL government units (LGUs) must ramp up their crisis and risk communication efforts through digitalization and technology upgrades in order to make them better prepared against the pandemic and other emergencies, according to the Philippine Institute for Development Studies (PIDS). “Local governments have been at the forefront of the pandemic response […]

Registered births, deaths continue to decline in first 8 months

PHILSTAR REGISTERED births and deaths declined by 22.3% and 34.6% respectively from a year earlier in the eight months to August, the Philippine Statistics Authority (PSA) reported on Thursday. Citing preliminary data from its Vital Statistics Report, the PSA said recorded births in the January-August period totaled 662,780, lower than the 852, 960 registered a […]

UN: Philippines lacks trained staff vs child abuse

PHILSTAR THE UNITED Nations (UN) special rapporteur on the sale and sexual exploitation of children on Thursday said the Philippines lacked trained officials at the village level to monitor reports of child sexual abuse. “I am concerned that local government politics negatively impacts the child protection structure due to regular changes of personnel,” Mama Fatima […]

Marcos to attend APEC Summit in US in November, says ambassador

OFFICE OF THE PRESS SECRETARY PHILIPPINE President Ferdinand R. Marcos, Jr. will attend the Asia Pacific Economic Cooperation (APEC) Summit in the United States in November, according to its ambassador to the US. “President Marcos will be coming in November for the APEC meeting in the West Coast,” Philippine Ambassador Jose Manuel G. Romualdez told […]