BSP hikes benchmark rates by 25 basis points
The Monetary Board raised its two key interest rates by 25 basis points each at its policy meeting on Thursday, effective immediately, but maintained its rates on other instruments. The new rate for overnight borrowing now stands at 3.75 percent, … Read more »
Petron to cut LPG prices
Petron is set to cut its liquefied petroleum gas (LPG) prices on Friday. Raffy Ledesma, Petron’s Communications Strategy chief, said Gasul and Fiesta Gas prices will be slashed by P2.25 per kilogram, while Xtend (autoLPG) will drop by P1.25 per … Read more »
Palace blames panel for Bangsa law delay
AS the government and Moro Islamic Liberation Front (MILF) resume talks aimed at rescuing deadlocked negotiations on the Bangsamoro Basic Law (BBL), Malacañang blamed the Bangsamoro Transition Commission (BTC) for the delay in the submission of a measure that seeks … Read more »
Govt allots P2.7B for Bangsamoro region
THE final draft of the law that will establish a Bangsamoro region is yet to be finished, but already the new entity that will replace the Autonomous Region in Muslim Mindanao (ARMM) has been allotted a big budget—P2.7 billion. The … Read more »
Shortage of farm labor seen
Filipino rice farmers are among the oldest in Asia and they are aging fast, according to a study conducted by two leading agencies. The study titled “Benchmarking Philippine Rice Economy Relative to Major Rice-Producing Countries in Asia” and presented on … Read more »
Breaking News
- Revilla’s kickbacks bigger than Napoles’ – Luy
- Rain of asteroids melted early Earth, boiled its oceans, study says
- Filipina nurse abducted, raped in Tripoli
- 160 immigration officers to NAIA-3 to handle passenger influx
- SC dismisses judge for grave misconduct
- 19,721 wanted persons arrested in 2014 H1 –PNP
- UAAP: Adamson keeping Duremdes despite humiliating loss
- Passenger with sore eyes delays Taipei-bound PAL flight
- Drug-resistant malaria spreading fast in SE Asia
- Myanmar makes $2.3-million heroin bust in ‘Golden Triangle’
Business
- BSP raises key interest rates
- BSP raises expectations for key policy rate hike
- UK seeks support for Islamic finance in PH
Editorial
President Aquino promoted our image as ‘The Sick Man of Asia’
The President began his State of The Nation Address on Monday with these words (excluding “Good afternoon.”): “This is my fifth SONA; only one remains. We have a saying: Those who do not look back to the past, will never get to where they wish to go. Therefore, today it is only right for us to reflect on what we have gone... Read more »
From our Readers
Eid ul Fitr messages
From the British Ambassador British Ambassador to the Philippine Asif Ahmad sent the following warm wishes to Muslims celebrating Eid ul... Read more »About Tiglao’s Screw Meralco column
Sent by Carlos Baldago to Rigoberto Tiglao on July 21, 2014: I have been to Nuvali, the Ayala owned private residence in Laguna. As of yesterday,... Read more »Rigoberto Tiglao’s reply to Carlos Baldago on July 21, 2014 at 10:47 am:
My mistake. I’ve seen only Nuvali’s outer edges (to the wakeboard area) — especially since Nuvali security guards are so strict as if they own... Read more »Sent to Rigoberto Tiglao by Carlos Baldago July 22, 2014
Subject: Screw Meralco Your observation on Meralco made me think that all government-approved franchises/licenses to private sector to operate and... Read more » Former Speaker Fuentebella’s lawyer corrects Columnist Ronquillo
We write on behalf of our client, former Speaker Arnulfo P. Fuentebella, concerning Mr. Marlen V. Ronquillo’s distorted and myopic presentation of... Read more »
Sports
Bulldogs batter Falcons, gain solo lead
National University (NU) trampled Adamson University, 62-25, to gain the solo lead on Wednesday in the University Athletic Association of the Philippines Season 77 men’s basketball tournament at the Mall of Asia Arena in Pasay City. The Bulldogs notched their … Read more »
Altas snap Pirates’ three-game winning run
PSL tankers to vie in Singapore invitational meet
Roach to start Pacquiao’s training late August
Fast Times
Pulling off a ‘coupe‘
Park Ranger
Tata pitches expertise with launch of diesel-powered Manza, Vista
Audi tops in China survey, engine award
Nation
Palace on coup rumors: All quiet on AFP front
MalacaÑang on Wednesday downplayed reports of a plan to oust President Benigno Aquino 3rd through a coup d’etat. In a news conference, Palace spokesman Edwin Lacierda cited an earlier statement by the Armed Forces of the Philippines (AFP) dismissing as … Read more »
National Grid exempt from paying ERC permit fees
THE Court of Appeals (CA) has barred the Energy Regulatory Commission (ERC) from collecting permit fees from the National Grid Corp. of the Philippines (NGCP) for its projects. In a 16-page decision penned by Associate Justice Edwin Sorongon and concurred … Read more »
10 civilian tipsters receive P5.8-M reward from PDEA
Ten civilian informants received P5.8 million in cash reward from the Philippine Drug Enforcement Agency under the PDEA Operation Private Eye. The Private Eye Rewards Committee, composed of members from academe, non-government organizations and law-enforcement, religious and business sectors, approved … Read more »
Analysis & Commentary
Senators and their DAP loot
Part 2 Many readers, friends and colleagues, in reaction to my previous column (“Supreme Court decision documents Senators’ acts and their incentives,” Times, July 29), have anxiously written and asked: What happens now? Will the bribed senators get away scot-free? Do they get to keep their loot? How about the treasury and the people? Will they get the money back? Will the Senate go on with “Business as Usual” Those who raise these questions are concerned about... Read more »
Will full entry of foreign banks spur investments in PH?
President Benigno Aquino 3rd recently signed into law a bill allowing the full entry of foreign banks into the Philippines. This new law, Republic Act (RA) 10641 or “An Act Allowing the Full Entry of Foreign Banks in the Philippines,” … Read more »
SONA, PNoy style
It was entertaining to say the least, listening to the State of the Nation Address 2014, the President’s fifth, oh how time flies. And it seems the President thinks he’s had a good run, done the best he could, is … Read more »
An alarming SONA
President B.S. Aquino 3rd’s fifth State of the Nation Address, or SONA as the annual event is known here in the acronym-happy Philippines, was significantly different than the previous four. It followed the same basic pattern as the others— heavy … Read more »
Reclamation: Pros and cons
All around the world, countries have been reclaiming land for as early as the 1600s. In the Philippine context, however, reclamation is an often discussed issue, especially when it comes to land reclamation of our bays in the metro areas. … Read more »
The GOP has become the party of reform
WASHINGTON, DC: Former British Prime Minister Tony Blair came to prominence in the 1990s as an expert in political renovation, transforming the Labour Party from a creaky, socialist relic to a modern, center-left, governing institution. Before Blair, Labour had not … Read more »
Too good to be true
The news that selected National Basketball Association (NBA) superstars did not end up playing an exhibition game with the Gilas Pilipinas national team did not surprise me at all. When that news broke out, I simply said to myself that … Read more »
Legal Advice
Husband’s rights over house built by wife’s dad
Dear PAO, I have a problem with my wife and my children. I hurt my 17-year- old child because of his own fault. I was forced to leave our house and I am now staying with my sister. I feel … Read more »
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