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2358 articles from BusinessWorld
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BusinessWorld
Striking a balance on the issue of corn
Corn may not be a common item on Filipino families’ plates, but it is present on their tables in ways not obviously seen. Corn makes up 50% to 60% of feed formulations, and accounts for 60% to 70% of production costs in the poultry and swine sectors. This means that the common diet of the […]
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Short-term yields jump on US-Iran fears
THE GOVERNMENT made a partial award of the short-term debt it offered on Tuesday as yields climbed due to a global bond sell-off after the United States and Iran exchanged attacks again, reigniting inflation fears. The Bureau of the Treasury (BTr) raised a combined P49.582 billion from its offering of cash management bills (CMBs) and […]
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SM Supermalls to expand key malls as tenant demand grows
SM SUPERMALLS is expanding key malls across the country, including a 30% increase in gross leasable area (GLA) at SM City Sto. Tomas in Batangas amid strong tenant demand. The mall operator is also adding 46,000 square meters (sq.m.) at SM City Iloilo and a two-story expansion at SM City Naga, SM Supermalls President Steven […]
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Blockchain budget bill delay may raise doubts on Marcos anti-graft agenda
THE removal of a bill that would use blockchain technology to disclose national budget transactions from the administration’s priority legislative agenda could raise questions about President Ferdinand R. Marcos, Jr.’s commitment to fighting corruption, political analysts said.
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JBC invites five senior SC justices to apply for top Judiciary position
THE Judicial and Bar Council (JBC) has invited the five most senior associate justices of the Supreme Court (SC) to apply for the chief justice post that will be vacated by Chief Justice Alexander G. Gesmundo upon his retirement in November.
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Marcos orders no-build zone enforcement amid floods
PRESIDENT Ferdinand R. Marcos, Jr. ordered government agencies and local government units (LGU) to strictly enforce climate-related regulations, including no-build zones, as heavy rains and flooding continue to affect parts of the country. “According to the President, laws should be enforced, including the ‘no-build zone,’” Palace Press Officer Clarissa A. Castro told reporters on Tuesday […]
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Indonesia haze sends Metro air to danger
SMOKE AND HAZE from forest fires in Kalimantan, Indonesia pushed air quality in parts of Metro Manila to very unhealthy and acutely unhealthy levels on Tuesday, prompting government agencies to advise residents to limit outdoor activities and wear masks. The Department of Environment and Natural Resources-Environmental Management Bureau said transboundary haze was affecting the National […]
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Senators seek probes, flood control overhaul after August storms
SEVERAL SENATORS on Tuesday filed resolutions seeking investigations into widespread flooding caused by successive typhoons and southwest monsoon rains in August, with lawmakers calling for a review of flood control projects and disaster resilience measures. “There is a need to assess the resilience of public infrastructure amid increasingly severe typhoons and monsoons, while ensuring that […]
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PHL firm on Ayungin Shoal claim
THE National Maritime Council (NMC) on Tuesday rejected China’s characterization of Second Thomas Shoal as part of its territory and the BRP Sierra Madre as an “illegally grounded” vessel, reaffirming the Philippines’ position based on international law. In a statement, the NMC said the country’s actions in the South China Sea are guided by the […]
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OP’s P10.16-B budget OKd
THE House of Representatives Committee on Appropriations on Tuesday granted parliamentary courtesy to the Office of the President (OP), cutting short deliberations on its proposed P10.156-billion budget for 2027 even as some lawmakers called for greater scrutiny of Palace spending. The move drew objections from minority lawmakers during the budget hearing, who said Congress should […]
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AFP witnesses: No confidential funds used for VP youth programs
TWO WITNESSES from the Armed Forces of the Philippines (AFP) testified that no confidential and intelligence funds (CIF) from the Department of Education (DepEd) under Vice-President (VP) Sara Duterte-Carpio’s leadership have been used to fund Youth Leadership Summits (YLS) and other educational activities in 2023. At the 20th day of the impeachment trial of Ms. […]
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Stalled hike cost NCR workers P2.5B
MORE than 1.1 million workers in Metro Manila have lost an estimated P2.5 billion in wages since the implementation of the P85 minimum wage increase was halted, labor group Sentro ng mga Nagkakaisa at Progresibong Manggagawa (SENTRO) said on Tuesday. The group urged the Labor department and the Regional Tripartite Wages and Productivity Board-National Capital […]
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MPTC to elevate NLEX segment
MANUEL V. PANGILINAN-LED Metro Pacific Tollways Corp. (MPTC), the operator of North Luzon Expressway (NLEX), is set to elevate the San Simon segment of the toll road network as a permanent measure to prevent recurring floods in the area. “[MPTC] recognizes the difficulties faced by motorists and will continue working with national and local agencies […]
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Senate approves condo redevelopment bill on final reading
THE Senate has approved on third and final reading a measure seeking to protect unit owners, occupants, and the public from the hazards of aging condominium units by providing structural regulations and tax exemptions for redevelopment. Voting 18-0-0, the chamber passed Senate Bill No. 2420 or the Condominium Redevelopment Act, which establishes a clearer legal […]
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Comelec says P9-B budget cut could compromise 2028 polls
THE Commission on Elections (Comelec) on Tuesday urged the House of Representatives to restore the P9-billion cut from its 2027 budget, warning it could compromise the 2028 national elections. During the House Committee on Appropriations budget hearing, Comelec Commissioner George Erwin M. Garcia said that the poll body’s Preparatory National and Local Elections (PNLE) budget […]
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Palace: No proposal yet for Pax Silica data center outside Clark
THE Palace said there is still no actual proposal to build a data center outside New Clark City under the proposed Philippine-US Pax Silica framework. Palace Press Officer Clarissa A. Castro, quoting the Department of Trade and Industry (DTI), said any investment project under the initiative — data center or otherwise — would have to […]
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Romualdez camp rejects Ombudsman claim, says recantations weaken case
LEYTE REP. Ferdinand Martin G. Romualdez’s camp on Tuesday rejected the Ombudsman’s position that witness recantations constitute additional evidence against him, saying the reversals instead weaken the allegations against the former House of Representatives speaker. In a statement, Abdiel Dan Elijah Fajardo, Mr. Romualdez’s spokesman, said that the recantations should raise questions about the credibility […]
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SC says trafficking cases cannot be dismissed based on affidavits of desistance
THE Supreme Court (SC) has ruled that affidavits of desistance by victims of exploitation are “highly suspect” and cannot be used as a basis to dismiss human trafficking cases, particularly when executed by children. In a decision promulgated on Feb. 19, the SC’s Third Division affirmed the conviction of a woman for qualified trafficking in […]
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Leptospirosis cases down 19% from last year
MALACAÑANG said leptospirosis cases have fallen 19% from last year’s tally, even as heavy flooding continues to hit parts of the country. Palace Press Officer Clarissa A. Castro said Health Secretary Edwin M. Mercado reported the update during President Ferdinand R. Marcos, Jr.’s meeting with disaster-response agencies, noting that last year’s case count reached 7,187, […]
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Greater civil society group role in 2027 budget process sought
SENATE Finance Committee Chairperson Joseph Victor G. Ejercito on Tuesday urged civil society organizations to take part in the budget process by flagging items in the 2027 National Expenditure Program (NEP) that may be questionable. Mr. Ejercito said the Senate needs all the assistance they could get in vetting the items of the NEP, noting […]
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Law enforcement power sought for Ombudsman
Senator Panfilo “Ping” M. Lacson has filed a bill seeking to grant the Office of the Ombudsman its own law enforcement service that is authorized to enforce investigations, arrests, detentions, searches and seizures. Under Senate Bill No. 2394 filed last Aug. 12, Mr. Lacson sought to amend the Ombudsman Act of 1989 by introducing a […]
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PSEi up over 2% on bargain hunting, PMI data
PHILIPPINE SHARES surged on Tuesday as investors took advantage of lower prices following last week’s decline and with improved activity in the manufacturing sector in August lifting the market’s mood. The Philippine Stock Exchange index (PSEi) jumped by 2.31% or 137.56 points to close at 6,093.89, while the broader all shares index rose 1.33% or […]
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P20-billion Animal Competitiveness Enhancement Fund delayed to 2028
AGRICULTURE Secretary Francisco P. Tiu Laurel, Jr. said he expects the P20-billion Animal Competitiveness Enhancement Fund (AnCEF) to roll out in 2028, with the Department of Agriculture (DA) still putting together the regulatory requirements. At the DA’s budget hearing at the House of Representatives, Mr. Laurel said that the AnCEF was supposed to launch next […]
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