Stock index dips below 8,000-point level

January 16, 2019

The Philippine Stock Exchange index fell below a key level while the peso lost 10 centavos against the US dollar on Wednesday. The index settled at 7,8 64.70, down 148.72 points. In the broader market, there were 127 decliners, 64

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DOH can’t go full blast into studying medical marijuana due to absence of law

January 16, 2019

The Department of Health said on Wednesday that it could not fully conduct its own study on medical marijuana because of the absence of an enabling law. Health Undersecretary Eric Domingo, in a press briefing in Malacanang, made the remarks

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Senate sends rice tarrification bill to the Office of the President

January 16, 2019

A measure that will allow unimpeded importation of rice, amending the Agricultural Tariffication Act of 1996 and replacing the quantitative restriction on rice imports, is now a President’s signature away to become a law. The Senate on Tuesday transmitted to

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Gov’t eyeing cancer medicines to be exempted also from 12 percent VAT

January 16, 2019

The government is eyeing to include “cancer medicines” to be exempted also from the imposition of 12 percent value-added tax. This as the Bureau of Internal Revenue warned on Wednesday drugstores, which would still collect 12 percent VAT from the

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Lorenzana proposes to Duterte govt’s takeover of Hanjin

January 16, 2019

Defense Secretary Delfin Lorenzana said on Wednesday he suggested to President Rodrigo Duterte the government’s possible takeover of troubled shipbuilding firm Hanjin Heavy Industries and Construction-Philippines. “I proposed that scheme (takeover) to him (Duterte) yesterday,” he said. Duterte presided over

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Taiwanese dies in Pasay

January 16, 2019

A Taiwanese died of an apparent suicide in Pasay City last Tuesday, a police report said. A report from the Pasay City police station named the victim as Wang Yi Chieh. Initial investigation said Wang shot himself around 3pm along

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PNP says Duterte met relieved Bacolod City police chief, 4 cops

January 16, 2019

The Philippine National Police (PNP) on Wednesday said the meeting of President Rodrigo Duterte with the sacked Bacolod City police chief and four others showed he is a “respecter of due process”. “That alone that the Palace called them, this

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PNP arrests 83 violators of gun ban

January 16, 2019

The Philippine National Police (PNP) on Wednesday said 83 gun ban violators were arrested as part of security preparations for the 2019 mid-term elections, its spokesman said. In a press briefing in Camp Crame, Chief Superintendent Benigno Durana Jr. said;

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