The Land Transportation Office (LTO) has issued a Show Cause Order (SCO) against a vlogger who deliberately entered the South Luzon Expressway (SLEX) on a motorcycle that is not allowed on the expressway. According to the LTO, the vlogger, who is from Quezon City, uploaded a video on social media showing him entering the expressway … Read more
MANILA: The Philippines has successfully re-entered the international capital markets with a $2.5 billion triple-tranche global bond offering, consisting of 5.5-year, 10.5-year, and 25-year bonds. The 25-year tranche marks the country’s sixth environmental, social, and governance (ESG) bond offering in major global markets, underscoring the government’s commitment to sustainable finance. The latest issuance achieved among … Read more
Four schools in remote areas of Central Luzon have received digital libraries as part of a government program to improve access to educational resources. The project, called STARBOOKS (Science and Technology Academic and Research-Based Openly Operated Kiosks), is a partnership between the Department of Science and Technology (DOST) and BPI Foundation, the charitable arm of … Read more
Ayala Corp (AC.PS) has signed a Memorandum of Understanding (MOU) with the Bureau of Jail Management and Penology (BJMP) to provide exclusive access to its products and services for BJMP personnel, the company said on Saturday. The program, called “Saludo sa Serbisyo,” offers benefits including home and car ownership assistance, financial education, livelihood training, health … Read more
MANILA, Philippines — President Ferdinand R. Marcos Jr. on Tuesday praised the Philippine National Police (PNP) for its transformative efforts, saying the force has become more disciplined, transparent, and fair. Marcos made the remarks during the PNP’s 123rd Police Service Anniversary celebration at the PNP Multi-Purpose Center in Quezon City. The event was themed “Sa … Read more
The Philippine government is leveraging employment generation as a key strategy to boost economic growth, with recent data showing promising results. President Ferdinand Marcos Jr. reported a 6.3% economic growth in the second quarter, placing the Philippines among the top performers in Asia and ASEAN. The unemployment rate dropped to 3.1%, one of the lowest … Read more
MANILA, Philippines – The Philippine economy accelerated its growth in the second quarter of 2024, reaching a robust 6.3% expansion compared to the revised 5.8% in the first quarter. This stronger-than-expected performance has the country well on its way to achieve its 2024 targets and transition to upper-middle income status by 2025. According to the … Read more
CEBU CITY, Philippines — Representatives from the Department of Finance’s Philippine Tax Academy visited the Bureau of Customs Port of Cebu on Thursday to discuss potential collaboration on training and development for customs officers. PTA Chancellor Atty. Noemi B. Alcala-Garcia led the delegation, which met with District Collector Romeo Allan R. Rosales and other customs … Read more
COTABATO CITY – The Bangko Sentral ng Pilipinas inaugurated a new branch building in Cotabato City on Monday, expanding its facilities and operational capabilities in Mindanao. BSP Deputy Governor Bernadette Romulo-Puyat led the ceremony, joined by government officials including Secretary Carlito G. Galvez Jr. of the Office of the Presidential Adviser on Peace, Reconciliation and … Read more
The Philippine Navy’s BRP Tagbanua (LC296) has completed an extensive 2,370.2 nautical mile journey across the archipelago, showcasing the vessel’s crucial role in military operations and supply distribution. The mission, which spanned from May 27 to June 16, 2024, saw the Tagbanua navigating through key strategic points across the nation. Beginning in General Santos, the … Read more
The Philippine central bank kept its benchmark interest rate unchanged at 6.50% on Thursday, citing easing inflation pressures and downside risks to the outlook following recent policy measures to lower rice prices. The Bangko Sentral ng Pilipinas (BSP) maintained the overnight deposit facility rate at 6.00% and the overnight lending rate at 7.00%, as widely … Read more
Recovery costs from ransomware attacks on energy and water sectors have quadrupled to $3 million over the past year, a new report reveals. Cybersecurity firm Sophos’s “State of Ransomware in Critical Infrastructure 2024” study found these costs are four times higher than the global cross-sector median. Nearly half (49%) of ransomware attacks against these critical … Read more
Deepak Chopra, renowned author and expert in integrative medicine, is teaming up with online education platform GetSmarter to launch a series of immersive digital courses. Chopra, a multiple New York Times bestselling author and one of TIME magazine’s “Top 100 Most Influential People,” has spent decades studying consciousness, leadership and wellbeing. These topics will form … Read more
The Philippine central bank warned Friday about the rising threat of AI-generated scams on social media, urging the public to be vigilant against increasingly convincing fake videos and audio. The Bangko Sentral ng Pilipinas (BSP) said scammers are using artificial intelligence to create manipulated content that spreads false information about organizations and officials, including the … Read more
(mikeligalig.com) – The Philippines has clinched the top spot in the 2024 Investor Relations (IR) and Debt Transparency Report, according to the Institute of International Finance (IIF), a Washington DC-based organization. The Southeast Asian nation improved its ranking from third place in 2023 to first among 50 countries this year, with its score rising to … Read more
MikeLigalig.com – Delays and design changes in the construction of the New Senate Building have led to increased costs, officials from the Department of Public Works and Highways told a Senate committee Wednesday. Sen. Alan Peter Cayetano, chair of the Senate Committee on Accounts, said the project has been delayed by 852 days. The estimated … Read more
General Santos City, South Cotabato — Three courts in General Santos City have convicted former officers of the closed Sarangani Rural Bank, Inc. (SRBI) for violating the Bangko Sentral ng Pilipinas’ (BSP) Manual of Regulations for Banks (MORB), the General Banking Law of 2000, and the Revised Penal Code. The city’s Regional Trial Court (RTC), … Read more
ROXAS CITY, Philippines — A Japanese performance artist is walking around Panay Island while pulling a tire, aiming to complete a loop through four provinces. Tappei Noguchi of Tokyo began his journey in Roxas City, Capiz, and has traversed parts of Iloilo and Antique provinces. He is currently in Sebaste, Antique, heading toward Aklan province. … Read more
San Miguel Corporation (SMC), one of the Philippines’ largest conglomerates, has issued a public advisory warning job seekers about fraudulent hiring practices. The company stated that neither SMC nor its subsidiaries require any form of payment from job applicants during the hiring process. The advisory aims to alert the public about individuals posing as SMC … Read more