Marine commandant to step down next week
October 10, 2019
Philippine Marine Commandant Major General Alvin Parreño will step down from his post next week as he plans to take early retirement. Capt. Felix Serapio, Philippine Marine spokesman, said Parreño will be replaced by Major Gen. Nathaniel Casem on the
FDI net inflows reach $543m in July; January-July level at $4.1b
October 10, 2019
Foreign direct investment (FDI) net inflows reached $543 million in July 2019, bringing the year-to-date FDI to $4.1 billion, the Bangko Sentral ng Pilipinas ( BSP) said Thursday. Non-residents’ net investments in debt instruments (composed mainly of intercompany borrowings between
World Bank cuts PH economic growth outlook to 5.8% from 6.4% in 2019
October 10, 2019
The World Bank has slashed its economic growth projections for the Philippines for this year and in the succeeding two years due to slowdown in public spending and weak external environment brought about by the escalating trade tensions between the
PNP denies Albayalde resigned
October 10, 2019
The Philippine National Police (PNP) on Thursday denied that Police General Oscar Albayalde resigned, its spokesman said in a statement. “The PNP dispels the rumor circulating in social media that the PNP chief, Police General Oscar Albayalde has resigned from
NCRPO chief Eleazar to head PNP Directorial Staff
October 10, 2019
Major General Guillermo Eleazar will be the fourth highest official of the Philippine National Police ( PNP) as he becomes chief of the Directorial Staff on Saturday. According to a text message to reporters from Police Brigadier General Bernard Banac,
Authorities arrest at least 500 illegal aliens in Paranaque
October 10, 2019
Authorities arrested around 512 undocumented aliens involved in alleged telecommunications fraud in Parañaque City on Wednesday. Police Major General Guillermo Eleazar, National Capital Region director, said the operation was conducted at Golden Unicom Technolgy, Inc. at the 7th floor of
Coast Guard picks five to replace retiring commandant
October 10, 2019
The Philippine Coast Guard (PCG) named five candidates to replace outgoing Commandant Admiral Elson Hermogino. Capt. Armand Balilo, PCG spokesman, said five senior officers have been recommended as possible succesor of Hermogino. “They are Vice Admiral Joel Garcia, the current
PSE ends higher as AllHome Corp. debuts
October 10, 2019
The main Philippine share market ended higher as AllHome Corp. concluded its initial public offering with a listing ceremony at the Philippine Stock Exchange ( PSE). Manny Villar’s All Home Corp, the country’s biggest IPO in three years, closed at
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