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Malacañang on Thursday bared government projects meant to improve services of Metro Rail Transit 3 (MRT 3) after it experienced a number of alarming glitches, including a recent derailment that saw a train coach overshooting the Taft Avenue Station and injuring more than 30 passengers and commuters. In a news…

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RECOGNIZING the Philippines as the prime hub for technical-vocational (tech-voc) education and training (TVET), the Technical and Vocational Training Corp. (TVTC) of Saudi Arabia has sent the first batch composed of 38 from a total delegation of 78 trainers to undergo a two-week training on various technical and vocational courses…

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The final draft of the Bangsamoro Basic Law (BBL) submitted by President Benigno Aquino 3rd to Congress on Wednesday has no provision on the laying down of firearms by the Moro Islamic Liberation Front (MILF). This was confirmed by Presidential Adviser on the Peace Process Teresita Deles, who said the…

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For the Moro Islamic Liberation Front (MILF), the creation of a new autonomous government would be enough to curtail radicalization in Mindanao. In an interview, MILF chief negotiator Mohagher Iqbal expressed belief that the proposed Bangsamoro Basic Law (BBL) would curb the growth of extremism in the South. “I think…


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A couple identified three police officers who robbed them of P100,000 cash last September 2 at 4:15 a.m along Quirino Avenue in Manila. Noel Panganiban, 36, a seaman, and his wife Josephine, 31, identified the suspects from the photo gallery of the Manila Police District headquarters. The victims said the…

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SAYING she should be the country’s next President, Sen. Miriam Defensor-Santiago on Wednesday admitted that she is considering at least three potential running mates for 2016. Santiago’s choices for Vice President are Davao City Mayor Rodrigo “Rudy” Duterte, former Defense Secretary Gilbert “Gibo” Teodoro and Sen. Grace Poe, who topped…

Business

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HONG KONG: Most Asian markets rose Friday while the pound was steady after the Bank of England announced a post-Brexit interest rate cut and surprise stimulus, while traders await the release of key US jobs data. Regional investors pressed on with Thursday’s rally after the British central bank met expectations…

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Headline inflation more than doubled its pace to 1.9 percent in July from a year earlier, although it remained unchanged from June, with higher prices of alcoholic beverages and non-food items offsetting moderated food and energy prices, data released by the Philippine Statistics Authority (PSA) on Friday showed. The comparative…

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NEDA stresses need to spread growth from 3 Luzon regions The National Economic and Develop-ment Authority (NEDA) on Thursday emphasized the need to address in-equality in terms of development in the country, citing the latest government data, which showed a consistent concentration of growth in three specific regions in Luzon.…

INTERVIEW WITH ASIAN TERMINALS INC.

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CONTAINER shipping of exports and imports through Manila’s ports continues to grow steadily for Asian Terminals Inc. (ATI), despite an unprecedented global slowdown in shipping volumes, the operator of one of the city’s major terminals said on Thursday. The robust shipping volume is a positive sign for the Philippines, as…

ADB THINK TANK:

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The central bank’s Credit Surety Fund (CSF) program faces several limitations and challenges that should be addressed to extend its reach to the majority of unbankable micro, small and medium enterprises (MSMEs), the Asian Development Bank Institute (ADBI) said in a report. “The CSF has been performing well and according…

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DELIVERING uninterrupted supply of electricity at affordable prices to all communities across the country has been taken by the new Department of Energy Secretary Alfonso G. Cusi as a priority challenge. Let us assure the communities we serve supply of electricity 24/7; and let us strive, work hard, in finding…

Regions

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A tricycle driver working as drug dealer and a suspected lady drug pusher were arrested by Philippine Drug Enforcement Agency (PDEA) agents during a buy-bust operation in Cavite over the weekend. PDEA Director General Undersecretary Arturo Cacdac Jr. identified the suspects as Alex Abogadie y Agustia, alias Lex, 34 years…

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A newly freed detainee from the Bureau of Jail Management and Penology (BJMP) in Cavite was gunned down before reaching his house in Block P2 Excess Lot Barangay Santa Cristina II in Dasmarinas City. The victim was identified as Ramon Espiritu, 40. The victim’s sister, Nancy Lopez, said Espiritu was…

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ILOILO CITY: All government agencies were enjoined by President Benigno Aquino 3rd to prioritize the provision of food first to victims of Super Typhoon Yolanda. Other rehabilitation efforts such as reconstruction of houses and other infrastructures will follow but food will be provided to the victims immediately, according to Department…

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ILOILO CITY: Ilonggos here are bracing up for an impending food shortage for a few months as an aftermath of Super Typhoon Yolanda. While the supply of rice is assured, Department of Agriculture Regional Director Larry Nacionales said there is an impending shortage of fruits especially bananas, papaya and mangos…

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POLICE operatives have arrested over the weekend an American who is facing sexual-assault charges in Cagayan de Oro City, Misamis Oriental, police reports said on Tuesday. Reports at the Philippine National Police operations center in Camp Crame identified the arrested American as Michael John Collins, 53 and residing at Borromeo…

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A 4.5-magnitude earthquake hits Tagbilaran City, Bohol at 1:21 p.m. on Tuesday, according to Philippine Institute of Volcanology and Seismology (Philvocs) Seismological Observation Division. The earthquake was located at 31 kilometers northeast of Tagbilaran City, Bohol with a depth focus of 9km, Philvocs said.

World

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JAKARTA: Indonesia has sunk 41 foreign boats across the archipelago, reports said on Thursday, as part of an ongoing push to stop illegal fishing in its waters. Authorities sank the vessels in public displays at several sites on Wednesday, local media reported. The boats included one from China and others…

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UNITED NATIONS, United States: A month-long conference at the United Nations to decide on an action plan for nuclear disarmament headed into a final stretch on Wednesday (Thursday in Manila) with no agreement in sight. More than 150 countries are taking part in the conference ending on Friday (Saturday in…

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SEOUL: South Korean President Park Geun-Hye on Thursday selected her justice minister to become the new prime minister — a post that has become something of a poisoned chalice under her administration. Hwang Kyo-Ahn, 58, was named as the new prime minister after his predecessor, Lee Wan-Koo, was implicated in…

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Two years after Saudi Arabia nearly had to end beheadings because of the shortage of swordsmen, the oil-rich nation of 30 million people is taking a new tack – help wanted ads. This week the Saudi Ministry of Civil Service began advertising for eight additional swordsmen to conduct executions, lob…

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BAGHDAD: Iraqi Prime Minister Haider al-Abadi flew to Russia on Wednesday (Thursday in Manila) seeking closer military cooperation as he faces tough challenges in the fight against the Islamic State jihadist group. The focus will be “the development of relations between the two countries, mainly expanding the military and security…

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WASHINGTON D.C.: White House hopeful Rand Paul theatrically brought the Senate to a standstill on Wednesday (Thursday in Manila), delivering a 10-hour, 30-minute speech seeking to end intelligence agency bulk telephone data collection from millions of Americans. The Republican senator from Kentucky said he launched his filibuster, a talkathon that…

Today's Breaking News

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The Philippine government should rationalize the tax incentives granted to corporates in order to level the playing field, especially for small, medium and small enterprises (SMEs), an International Monetary Fund (IMF) official said on Tuesday. Speaking at  the sidelines of The Manila Times 3rd Business Forum, IMF Resident Representative Shanaka Jayanath…

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WHILE the Philippines can look forward to good economic prospects through the rest of 2016 and beyond, poor infrastructure and”anemic” foreign investment pose challenges to higher economic growth, according to an expert from the International Monetary Fund. Dr. Shanaka Jayanath Peiris, IMF resident representative to the Philippines, stressed the point…

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MUCH of the market volatility caused by recent moves by China could be reduced if Chinese monetary authorities provided a “more cohesive” policy package and offered greater clarity in communications, the Bangko Sentral Ng Pilipinas chief said Tuesday. Tetangco made the comments as part of his keynote address at The…

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The Philippines’ infrastructure gap provides a great opportunity for the private sector, the Bangko Sentral ng Pilipinas (BSP) chief said on Tuesday. Central bank Governor Amando Tetangco Jr., told the participants of  The Manila Times 3rd Business Forum that the private sector — the engine of growth in the Philippines – had the edge…

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The slowdown in the Chinese economy as it ‘rebalances’ itself may not have a heavy impact on the Philippines’ economy but a focus on the investment side is needed to strengthen domestic growth, an International Monetary Fund official said. Speaking at The Manila Times 3rd  Business Forum, IMF Resident Representative…

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Monetary authorities have the policy space to respond to the external and domestic headwinds facing the Philippine economy this year, the Bangko Sentral ng Pilipinas (BSP) chief said on Tuesday. “We have the policy space to respond to uncertainties … We will therefore make adjustments in the stance of policy as…