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Philippines News

Some Cebuanos want Marcos to address rising cost of basic commodities

Cebu Sun.Star - Mon, 2022-07-25 12:00
HOW to address the rising cost of goods and services due to inflation and the soaring prices of fuel are among the issues some Cebuanos want President Ferdinand “Bongbong” Marcos Jr. to address in his first State of the Nation Address (Sona) Monday, July 25, 2022.

Marcos is set to deliver his first Sona at the Batasan Pambansa Monday afternoon.

Darryl Singson, a Grab delivery rider, said the rising fuel prices affected his job.

"Minus-minusan nang gasolina kay limit nalang mi mobiyahe tungod sa kamahal sa gasolina. Kay kung mous-os ang gasolina, mous-os man usab ang presyo sa mga panaliton kay momahal ang gasolina, momahal man usab ang panaliton," he said.

Christine Fuentes said the high price of basic goods is too much for the ordinary people, especially for the minimum wage earners.

"Hangyo unta namo maus-usan ilabi na ang bugas og uban pang mga panaliton kay grabe na kataas sa presyo sa mga panaliton," she said.

For Art Baguio, a college student, he hopes Marcos will focus on recovery from the coronavirus disease (Covid-19) pandemic.

"Mayta tutukan niya (President Marcos) ang mga frontliners ug ang pandemic, arun ma-eradicate and pandemic," he said.

Recently, Philippine Statistics Authority reported that the inflation rate soared to 6.1 percent in June as food, fuel and transport prices continued to increase.

“The uptrend of inflation for June 2022 was primarily brought about by the higher annual growth rate in the index for food and non-alcoholic beverages at six percent, from 4.9 percent in the previous month,” the state statistics bureau said.

But it was within the 5.7 to 6.5 percent forecast of the Bangko Sentral ng Pilipinas (BSP).

National Statistician Dennis Mapa said they expected inflation to continue rising based on the data gathered so far.

The BSP has already raised its benchmark rate by 50 basis points to 2.5 percent this year to help tame inflation. (EHP/With CSL)

Categories: Philippines News

PH Army deploys security contingent for PBBM's 1st SONA

Philippines Times - Mon, 2022-07-25 11:41

MANILA - The Philippine Army (PA) on Monday said it has deployed a sizeable contingent to help the police force in securing President Ferdinand "Bongbong" Marcos Jr.'s first State of the Nation Address (SONA) at the Batasang Pambansa in Quezon City.

In a statement, PA spokesperson Col. Xerxes

Categories: Philippines News

House opens 1st session of 19th Congress

Philippines Times - Mon, 2022-07-25 11:04

MANILA - The House of Representatives formally opened the first regular session of the 19th Congress on Monday morning, ahead of President Ferdinand "Bongbong" Marcos Jr.'s first State of the Nation Address (SONA).

The lower chamber officially opened the inaugural session at 10 a.m. with Hous

Categories: Philippines News

BARMM mourns death of ex-Lamitan City mayor

Philippines Times - Mon, 2022-07-25 11:00

COTABATO CITY - Officials of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) mourned the passing of former Lamitan City Mayor Rosita Rose Furigay, who was killed inside Ateneo Campus in Quezon City along with two others.

"The former local chief executive will be remembered for le

Categories: Philippines News

India major contributor as Singapore visitor arrivals increases 12-fold

Philippines Times - Mon, 2022-07-25 10:27
By Lee Kah WhyeSingapore, July 25 (ANI): The Singapore Tourism Board (STB) predicted in a statement that it expects international visitor arrivals to the city-state to reach as much as six million this year. With the country reopening its borders in April to all vaccinated travellers, it received more than 1.5 million visitors for the first half of 2022. While still very much shy of the 9.3 million tourists that come into
Categories: Philippines News

LPA off Eastern Samar to bring rains over parts of PH

Philippines Times - Mon, 2022-07-25 10:06

MANILA - The low-pressure area (LPA) inside the Philippine Area of Responsibility (PAR) will bring rains over parts of the country until Tuesday, the weather bureau said.

The LPA was last tracked 390 kilometers east of Borongan City, Eastern Samar.

"It still has a slim chance of develop

Categories: Philippines News

5-day helicopter drills boost PH, US Marines' aviation skills

Philippines Times - Mon, 2022-07-25 10:05

MANILA - The aviation capabilities of the Philippine Marine Corps (PMC) and the US Marine Corps (USMC) have been greatly enhanced following the conclusion of the five-day specialized helicopter drills between the two services last July 18 to 22.

In a statement over the weekend, PMC acting com

Categories: Philippines News

BSP keeps market-determined forex policy despite depreciation

Philippines Times - Mon, 2022-07-25 10:03
#PBBMSONA2022

MANILA - Monetary authorities maintain that a market-determined exchange rate policy is still good for the Philippine peso despite its depreciation.

To date, the peso is trading at 56-level against the greenback, a far cry from its 53-level at the

Categories: Philippines News

Motorcycle rider dies in Liloan road mishap

Cebu Sun.Star - Mon, 2022-07-25 09:46
A fast-moving motorcycle rider died after he crashed into another motorcycle ahead of him in Barangay Yati, Liloan town, northern Cebu around 2:30 a.m. on Sunday, July 24, 2022.

Staff Sergeant Dennis Louie Castillo from the Traffic Enforcement Unit of Liloan Police Station identified the victim as John Paul Saceda, 22, an auto mechanic from Barangay Yati.

Investigation revealed that Saceda was travelling fast towards south when he bumped into the tail of the motorcycle driven by Louie Anthony Collano Jr., a radiator shop worker and neighbor of the victim, when the latter suddenly made a u-turn.

Saceda was brought to Mendero Medical Center in the neighboring town of Consolacion but was later pronounced dead by attending physician.

Collano was brought to the Liloan Police Station for detention.

John Rey Bohol, a traffic enforcer of Liloan, said he saw Saceda pass by the area and even shouted at him as he was driving very fast.

The parents of Collano reportedly attempted to talk to the family of the victim to amicably settle the matter. (GDC)
Categories: Philippines News

Strengthening ties with foreign partners priority for PBBM

Philippines Times - Mon, 2022-07-25 09:19
#PBBMSONA2022

MANILA - Improving ties with the country's partners, both traditional and non-traditional, is among the priorities of President Ferdinand "Bongbong" Marcos Jr. (PBBM) in the next six years.

This was highlighted by the series of engagements between

Categories: Philippines News

Dodgers stay scorching hot, sweep Giants

Philippines Times - Mon, 2022-07-25 07:55
Jake Lamb drove in the go-ahead run with a seventh-inning double, while Gavin Lux and Trayce Thompson each drove in two runs as the Los Angeles Dodgers finished off a four-game sweep of the visiting San Francisco Giants with a 7-4 victory Sunday. Lamb, Lux and Thompson each drove in runs in the seventh inning against Giants right-hander Tyler Rogers to break a 4-4 tie. The Dodgers increased their winning streak to a seas
Categories: Philippines News

Rama urges NBI to hasten inquiry into Cebu City’s garbage deal

Cebu Sun.Star - Mon, 2022-07-25 07:25
CEBU City Mayor Michael “Mike” Rama is now asking the National Bureau of Investigation in Central Visayas (NBI 7) to hasten its investigation regarding the City’s P383 million garbage collection deal.

This after the Commission on Audit (COA) questioned the City’s multi-million deal with Docast Construction and JJ & J Construction and General Supply for the collection of garbage in 2021.

Rama told SunStar Cebu in an interview Sunday, July 24, 2022 that the NBI 7 must be aware of the urgency of the matter and his request for fast-tracking investigation should be acted upon immediately.

Rama said his office has already sought the help of the NBI 7 to shine a light on the questioned deal of the Cebu City Government.

The state auditors flagged the deal for many reasons, one of which is that the two companies failed to meet the City’s requirements, and they were therefore ineligible to provide the service.

Another issue raised by COA is that the firms started hauling garbage even before the city’s Bids and Awards Committee conducted the post-qualification stage.

State auditors were also able to uncover that the two companies’ primary business is not logistics or hauling services—they found out that the two firms’ main businesses involved construction and general supply.

According to Rama, he will deliver COA’s audit report to the NBI 7 so the agency will know the impartial assessment of the state auditors.

Rama said he was then the vice mayor when the deal was signed and he had already noticed that the deal would jeopardize the garbage collection program of the Cebu City Government. At the time, the mayor was Edgardo Labella.

The mayor added that he has to check on what company is now being employed by the City for its garbage collection.

Although the mayor cannot assure of zero corruption, Rama said his administration will start with clear leadership with him as the city mayor.

“We will start right,” Rama said, adding that his administration “cannot completely” assure the public of “zero corruption” but “there will definitely be a better picture with respect to transparency and accountability.” (IRT)
Categories: Philippines News

Rama urges NBI to hasten inquiry on Cebu City’s garbage deal

Cebu Sun.Star - Mon, 2022-07-25 07:25
CEBU City Mayor Michael “Mike” Rama is now asking the National Bureau of Investigation in Central Visayas (NBI 7) to hasten its investigation regarding the City’s P383 million garbage collection deal.

This after the Commission on Audit (COA) questioned the City’s multi-million deal with Docast Construction and JJ & J Construction and General Supply for the collection of garbage in 2021.

Rama told SunStar Cebu in an interview Sunday, July 24, 2022 that the NBI 7 must be aware of the urgency of the matter and his request for fast-tracking investigation should be acted upon immediately.

Rama said his office has already sought the help of the NBI 7 to shine a light on the questioned deal of the Cebu City Government.

The state auditors flagged the deal for many reasons, one of which is that the two companies failed to meet the City’s requirements, and they were therefore ineligible to provide the service.

Another issue raised by COA is that the firms started hauling garbage even before the city’s Bids and Awards Committee conducted the post-qualification stage.

State auditors were also able to uncover that the two companies’ primary business is not logistics or hauling services—they found out that the two firms’ main businesses involved construction and general supply.

According to Rama, he will deliver COA’s audit report to the NBI 7 so the agency will know the impartial assessment of the state auditors.

Rama said he was then the vice mayor when the deal was signed and he had already noticed that the deal would jeopardize the garbage collection program of the Cebu City Government. At the time, the mayor was Edgardo Labella.

The mayor added that he has to check on what company is now being employed by the City for its garbage collection.

Although the mayor cannot assure of zero corruption, Rama said his administration will start with clear leadership with him as the city mayor.

“We will start right,” Rama said, adding that his administration “cannot completely” assure the public of “zero corruption” but “there will definitely be a better picture with respect to transparency and accountability.” (IRT)
Categories: Philippines News

Xinhua world news summary at 1530 GMT, July 24

Philippines Times - Mon, 2022-07-25 00:05

MANILA -- Three people were killed and two others injured in a shooting incident Sunday afternoon on a university campus in Metro Manila, the Philippine police said. The arrested gunman has admitted to the killing with specific target.

The Metro Manila Development Authority confirmed that the shooting took place at 14:55 local time at the gate of Ateneo de Manila University in Quezon City, ahead of the law schoo

Categories: Philippines News

Xinhua Asia-Pacific news summary at 1600 GMT, July 24

Philippines Times - Mon, 2022-07-25 00:05

PHNOM PENH -- Cambodia's Ministry of Health on Sunday issued preventive measures against monkeypox transmission, a day after Thailand's first monkeypox fugitive was found in capital Phnom Penh.

The patient was soon sent to the Khmer-Soviet Friendship Hospital for medical treatment. (Cambodia-Monkeypox)

- - - -

MANILA -- Former Philippine President Gloria Macapagal Arroyo has tested positive for COV

Categories: Philippines News

Gunman admits to Philippines university shooting, 3 dead

Philippines Times - Mon, 2022-07-25 00:03
Manila [Philippines], July 24 (ANI): The Manila shooter who killed three people including a former mayor in the Philippines' Basilan has admitted to the attack with a specific target. Xinhua News Agency reported that the arrested gunman, Chao Tiao Yumol admitted to the killing, claiming he shot Rosita Furigay for her "involvement in illegal drugs" in the province. According to the Metro Manila Development Authority (MMDA)
Categories: Philippines News

Three dead, two injured in university campus shooting in Manila

Philippines Times - Sun, 2022-07-24 22:27
Manila [Philippines], July 24 (ANI): Three people were killed and two others injured in a shooting incident Sunday afternoon on a university campus in Manila.The Metro Manila Development Authority confirmed that the shooting took place at 14:55 local time (0655 GMT) at the gate of Ateneo de Manila University in Quezon City."A guard was killed," Xinhua reported, quoting Quezon City Police District Director Remus Medina as
Categories: Philippines News

Landbank launches savings account with one-peso minimum deposit

Cebu Sun.Star - Sun, 2022-07-24 22:26
STATE-run Land Bank of the Philippines (LANDBANK) has rolled out its “Perang Inimpok Savings Option” or Piso account, a new product to help bring more unbanked and underserved Filipinos into the country’s formal banking system.

The bank targets students, public utility vehicle drivers, vendors, household helpers, farmers, and fishers.

Through the Piso account, interested customers can open a Landbank deposit account with only P1 as minimum initial deposit and up to a maximum of P50,000 account balance.

The depositor is only required to submit one valid identification card or any barangay certification, clearance, or ID for verification.

The Piso account is being offered to individuals without an existing Landbank deposit account and have no capacity to open a regular deposit savings account with higher initial deposit and maintaining balance requirements.

“The Landbank Piso is another testament of our commitment to advance the National Government’s financial inclusion agenda. We continue to develop accessible and convenient banking products relevant to the diverse needs of our customers, including the unbanked and underserved,” president and chief executive Cecilia Borromeo said in a statement Sunday.

With the Piso account, accountholders can access the bank’s array of digital banking channels such as the iAccess, Link.BizPortal, and the Mobile Banking App for fund transfer, bills payment, and balance inquiry services.

Accountholders can also use the PISO account in any Landbank, BancNet, and 7-Eleven automated teller machines, domestic point-of-sale terminals, and for over-the-counter transactions in their respective branch of account.

Interested individuals may go to the nearest Landbank branch in their area to open a Piso account.

The state lender remains to be the only bank present in all of the country’s 81 provinces. As of June 30, 2022, the bank operates 608 branches; 2,847 ATMs; and 233 cash deposit machines nationwide. (PR)
Categories: Philippines News

Pag-IBIG Fund finances P3.67B socialized houses in H1

Cebu Sun.Star - Sun, 2022-07-24 22:25
THE Home Development Mutual Fund or Pag-IBIG Fund said it financed 8,471 socialized houses for minimum wage and low-income members amounting to P3.67 billion in the first half of 2022.

In a statement, Pag-IBIG Fund said socialized home loans make up 19 percent of the total number of housing loans it financed from January to June.

The state-run agency said the P3.67 billion for socialized home loans represents 7 percent of the total housing loans released by the agency for the period.

For the first half of the year, Pag-IBIG Fund posted record-highs of 47,184 in housing units financed and P51.96 billion in home loans released.

“We at Pag-IBIG Fund remain committed in pursuing our mandate to provide a home for every Filipino worker. With our Affordable Housing Program (AHP), achieving the dream of homeownership is made possible especially for minimum-wage workers. The program’s lowest rates and longest payment term allow our members from the low-income sector to buy or build a home of their own,” Pag-IBIG Fund chief executive officer Acmad Rizaldy Moti said.

Pag-IBIG Fund’s AHP is a special home financing program designed for minimum wage and low-income members from the National Capital Region (NCR) who earn up to P15,000 a month and from outside the NCR who earn up to P12,000 per month.

Under the AHP, eligible borrowers enjoy a special subsidized rate of only 3 percent per annum for housing loans of up to P580,000 for socialized subdivision projects.

Deputy CEO for Home Lending Operations Marilene Acosta said the AHP’s 3 percent rate translates to a monthly amortization of as low as P2,445.30 for a socialized home loan amounting to P580,000, making homeownership within reach of low-income earners. (PR)
Categories: Philippines News

Fuel pump prices expected to drop anew this week

Cebu Sun.Star - Sun, 2022-07-24 22:25
THE pump prices of petroleum products are expected to slightly drop anew in the coming week.

In its fuel forecast for July 26 to August 1, Unioil Philippines said diesel is forecast to go down by P1.80 to P2 per liter, while gasoline should go down by P0.30 to P0.50 per liter.

Oil companies usually announce price adjustment every Monday, to be implemented on the following day.

Effective Tuesday, July 19, fuel firms slashed gasoline prices by P5 per liter and diesel by P2 per liter.

The latest price movements brought the year-to-date total adjustments to stand at a net increase of P19.30 per liter for gasoline and P34.80 per liter for diesel.

Fuel prices are expected to continue their downtrend if the US Federal Reserve hikes its interest rates aggressively, as the move could temper economic activity or lower demand, which will eventually lower commodity prices.
Categories: Philippines News

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