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The House of Representatives has allowed the full entry of foreign banks in the country pending plenary debates on the measure amending the 1987 Philippine Constitution. The door was opened to foreign banks by the Commitee Report on House Bill 3984 and Senate Bill 2159 or the Act Allowing Full…

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IT may take some time before the Sandiganbayan can take action on the plunder complaint filed against senators Juan Ponce Enrile, Ramon “Bong” Revilla Jr. and Jose “Jinggoy” Estrada and businesswoman Janet Lim-Napoles because the anti-graft court will have to wait for the Supreme Court’s (SC) decision on a petition…

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Bribery can be learned right at home from folks who think that compromise is a virtue. Manila Archbishop Luis Antonio Cardinal Tagle thus blamed Filipino parents for unknowingly giving their children the idea to engage in bribery early in life, citing the parents’ practice of giving rewards to their children…

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Always bring your umbrella now because the rainy season is here, with the low pressure area spotted near Batanes province having developed into a tropical depression named Ester, according to the state weather bureau. Cris Perez, weather forecaster of the Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa), on Tuesday…


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POWER rates will further go down in July, the Manila Electric Co. (Meralco) said on Tuesday. Meralco spokesman Joe Zaldarriaga said the additional adjustment is attributed to the provisional authority given to the utility firm to implement lower distribution charges starting next month. The Energy Regulatory Commission (ERC) has allowed…

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The Supreme Court deferred its ruling on nine petitions challenging the constitutionality of the Disbursement Acceleration Program (DAP), touted to be President Benigno Aquino 3rd’s own “pork barrel.” The DAP petitions were calendared for deliberations on Tuesday but it was not clear if the deliberations were completed and if a…

Business

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DESPITE the absolute lack of any evidence whatsoever that such demonstrations elicit any sort of public or institutional sympathy – not to mention the lack of common sense manifested in doing it during a potentially deadly heatwave – the usual coalition of left-leaning labor advocacy groups took to the streets…

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Net $482.43M reverses year-earlier outflow; highest since Feb 2015 Net foreign portfolio investment inflows hit a 13-month high in March on positive sentiment after the US Fed signaled fewer interest rate hikes than initially expected this year. On the domestic front, steady monetary policy and favorable earnings reports from Philippine…

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Government spending, particularly in infrastructure projects, likely provided support for the country’s economy in the first quarter of 2016, the Department of Budget and Management (DBM) claimed on Thursday. “We should have good first quarter growth bolstered by the high obligation rate of the DPWH [Department of Public Works and…

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SHANGHAI: China’s central bank cut its currency exchange rate against the dollar by the largest amount in three months on Thursday as the greenback strengthened on improved Chinese trade data. The People’s Bank of China (PBoC) set the yuan at 6.4891 to $1, down 0.46 percent from Wednesday’s fix, according…

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WASHINGTON, D.C.: The US economy is growing at a "modest to moderate” pace, with the jobs market continuing to strengthen, wages rising, and consumer spending up moderately, a Federal Reserve report showed on Wednesday. Ten of the 12 Fed districts surveyed reported economic growth between late February and early April,…

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State-run National Food Authority on Thursday said it has stopped the bidding for old rice stocks leftover from last year’s importation to avoid distorting market prices of the dry season harvest, even as the grains agency is considering new imports to ensure supply of the staple through the lean months.…

Regions

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Mayor Oscar Malapitan of Caloocan City on Wednesday said that he would not tolerate barangay officials seeking reelection this October if they have already served their third consecutive term. "We will not tolerate any barangay official seeking a fourth term. It may have happened in past administrations, but it is…

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THE foundation of presidential sister Aurora Corazon "Pinky” Aquino-Abellada on Wednesday received the 20 kindergarten schools from the Aboitiz Foundation, the social development arm of the Aboitiz group. As part of its initiatives geared towards uplifting the education system in the country, the Aboitiz Foundation has turned over 40 new…

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A lawmaker on Wednesday expressed opposition on the move to amend the 81-year-old Penal Code particularly the lowering of the minimum age of criminal liability to 13 years old saying the proposal may be off target. Sen. Nancy Binay was reacting to the proposals to repeal Book I of the…

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GOVERNMENT security forces have declared early this week that at least three provinces in the area of the Southern Tagalog region as free from the influences of the New People’s Army (NPA) rebels. With this declaration, the Philippine National Police (PNP) and the Armed Forces of the Philippines has signed…

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AN elderly man was hacked to death and his son was seriously injured after they were attacked by two men on Sunday in a hinterland village in Agusan del Sur, belated police reports said on Wednesday. Reports at the Philippine National Police operations center in Camp Crame identified the victim…

World

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UNITED NATIONS, United Nations: The World Health Organization (WHO) on Tuesday (Wednesday in Manila) appealed to donors to provide $1 billion for life-saving health needs ranging from childhood vaccinations to surgical care for the severely wounded for some 25 million people caught up in conflict across the Central African Republic,…

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LAGOS: Masked gunmen in central Nigeria kidnapped an American woman doing missionary work, with ransom the suspected motive for the attack, police told Agence France-Presse on Tuesday (Wednesday in Manila) Kogi state police spokesman Sola Collins Adebayo said Phyllis Sortor "was whisked away at around 10 a.m. Monday.” He said…

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WASHINGTON D.C.: An exiled Iranian opposition group on Tuesday (Wednesday in Manila) accused Tehran of running a "secret” uranium enrichment site close to Tehran, which it said violated ongoing talks with global powers on a nuclear deal. "Despite the Iranian regime’s claims that all of its enrichment activities are transparent,…

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WASHINGTON D.C.: US Secretary of State John Kerry on Tuesday (Wednesday in Manila) accused Russian leaders of lying "to my face” about Moscow’s involvement in the conflict in Ukraine and denounced what he called Russia’s "propaganda.” The top American diplomat refused however to say publicly whether he was in favor…

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WASHINGTON D.C.: A Texas man was sentenced on Tuesday (Wednesday in Manila) to life in prison without the possibility of parole after he was convicted of murdering the US Navy Seal whose story inspired blockbuster movie American Sniper. Jurors rejected claims from Eddie Ray Routh, 27, that he was not…

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ANKARA: Turkey has alarmed fellow North Atlantic Treaty Organization (NATO) members by raising the prospect of handing China a multi-billion dollar missile contract, yet the long-running saga is far from over and Ankara may just be trading for a better deal. Turkey, NATO’s only Muslim member, entered discussions in 2013…

Today's Breaking News

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ATHENS: Greece’s parliament on Saturday approved a reform package to save the country from financial collapse, as sources in Brussels said Athens’s latest plan could form the basis of a massive new bailout worth 74 billion euros. The package was backed by 251 lawmakers, out of 300 deputies, according to…

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SAN FRANCISCO: Facebook unveiled a new tool Thursday giving users more control of what they see in their news feeds, allowing them to override the choices made by algorithm. The tool allows Facebook members to select certain friends whose posts will appear at the top of their feeds. It is…

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DHAKA: At least 17 people were killed on Friday in a stampede during a handout of free clothes in the northern Bangladeshi city of Mymensingh, police said. "We have so far recovered 17 bodies. Most of the dead are poor and emaciated women,” Mymensingh police chief Moinul Haque told Agence…

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BEIJING: A Chinese journalist detained for nine months after helping a German magazine report on democracy protests in Hong Kong has been released, she told AFP Friday, though associates said her lawyer was being held. Zhang Miao, detained in October amid a crackdown on mainland supporters of protests which shut…

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LONDON: Novak Djokovic finds himself in the role of warm-up man Friday when he takes on Richard Gasquet for a place in the Wimbledon final before ceding the spotlight to Roger Federer and Andy Murray. Defending champion Djokovic will take an 11-1 record over Gasquet into his semi-final, his seventh…