Chinese-funded bridge in Intramuros may be moved to prevent intrusion into UNESCO Heritage Site – Palace
November 22, 2018
Malacanang said on Thursday the location of the ongoing Chinese-funded bridge project in Intramuros, Manila may be moved to avoid intrusion into United Nations Educational, Scientific and Cultural Organization (UNESCO) Heritage Site. In a press briefing, Presidential Spokesperson Salvador Panelo
Palace confident budget for 2019 to be passed within the year
November 22, 2018
Malacanang expressed confidence on Thursday the proposed P3.757-trillion budget for next year will be passed before the end of the year. Presidential Spokesperson Salvador Panelo made the statement as the House expressed reservation over the passage of the proposed budget
Philippines to take advantage of low interest rates in capital markets
November 22, 2018
The Philippines is taking advantage of current situation in the capital markets to borrow as much as it can for development, Finance Secretary Carlos Dominguez III said Wednesday night. “You know our income per capita is rising. So while we
China’s ICBC opens Manila branch
November 22, 2018
BEIJING — The Industrial and Commercial Bank of China (ICBC), China’s largest lender by market value, has announced the opening of a branch in the Philippine capital of Manila, the latest of its efforts to expand overseas. The branch, inaugurated
Suspected terrorist killed in Ormoc buy-bust operation
November 22, 2018
A suspected member of a local terrorist group, Dawlah Islamiyah, was killed in a buy-bust operation in Ormoc City on Thursday. Capt. Salvacion Evangelista, civil military operations of the Army’s 802nd Infantry Brigade, said military and police conducted a buy-bust
Stocks end flat, peso slightly lower
November 22, 2018
Philippine stocks were slightly higher but the peso declined against the US dollar on Thursday. The Philippine Stock Exchange (PSE) index settled at 7,268.38 points, up 2.93. In the broader marker, there were 107 gainers, 96 decliners and 53 shares
Duterte formally names Honasan as DICT chief
November 22, 2018
President Rodrigo Duterte has nominated Senator Gregorio Honasan II as secretary of Department of Information and Communications Technology ( DICT). The nomination was made on November 20. “By virtue hereof, and upon consent by the Commission on Appointments, you may
Palace “not surprised” wheels of justice grind so slow in Maguindanao massacre case
November 22, 2018
Malacanang said on Thursday it was not surprising that the Maguindanao massacre case has been dragging on for years. Presidential Spokesperson Salvador Panelo made the statement as the country marks on Friday the Maguindanao massacre, which happened nine years ago.
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