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PBBM: 80 potential infra projects “financeable” via Maharlika Investment Fund

(Eagle News)–The government has identified 80 potential infrastructure projects that “are financeable through” the Maharlika Investment Fund, President Bongbong Marcos said. The President issued the statement during the Philippine Economic Briefing in San Francisco, days after the revised implementing rules and regulations of the country’s first-ever sovereign wealth fund were released by the Palace. Noting what he said was the country’s solid economic agenda, the President said the Philippines was “ready to take off as […]

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PBBM urges fintech companies to explore partnerships in PHL

(Eagle News)–President Bongbong Marcos on Wednesday, Nov. 15, urged fintech companies to explore partnerships in the country, noting the Philippines’ commitment to digital transformation. In a message delivered through a hologram digital recording shown on the first day of the three-day Singapore Financial Festival Technology 2023, the President said proof of this was that the Philippines was cementing its position as a  hub for digital innovation and entrepreneurship “with a dynamic startup scene that holds […]

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Cloudy skies, rains expected in parts of PHL

(Eagle News)–Cloudy skies and rains are expected in parts of the country on Wednesday, Nov. 15. The Philippine Atmospheric Geophysical and Astronomical Services Administration said Metro Manila, Calabarzon, Bicol Region, Eastern Visayas, Oriental Mindoro, Occidental Mindoro, Marinduque and Romblon, in particular, will have cloudy skies with scattered rain showers and thunderstorms due to the shear line affecting Southern Luzon. Flashfloods or landslides due to moderate to at times heavy rains are possible. Cagayan Valley, Apayao, […]

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President Bongbong Marcos arrives in US for APEC Summit

(Eagle News)–President Bongbong Marcos has arrived in the US, where he is set to attend the 30th Asia-Pacific Economic Leaders’ Summit and other events. The President arrived at 5:06 p.m. (9:06 a.m. Manila time) at the San Francisco International Airport. He was accompanied by First Lady Louise Araneta-Marcos. In his message before leaving for San Francisco, President Marcos said that his third visit to the US was upon the invitation of President Joe Biden. “This […]

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PBBM to PhilFIDA: Continue to seize new opportunities for PHL fiber industry growth

(Eagle News) — President Bongbong Marcos on Tuesday, Nov. 14, urged the Philippine Fiber Industry Development Authority (PhilFIDA)  to continue  seizing new opportunities for the industry’s development and growth. The President issued the statement  during the 2023 National Fibercrops Summit organized by PhilFIDA. “I therefore urged the PhilFIDA to remain steadfast in utilizing its mission of providing research, production, education, and trade regulation support so that the fiber industry can take advantage of new avenues […]

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Weather disturbance off Palau weakens into LPA

(Eagle News)–The weather disturbance off Palau outside the Philippine Area of Responsibility has weakened into a low pressure area. The Philippine Atmospheric Geophysical and Astronomical Services Administration said the former tropical depression was now located 1620 km east of southeastern Mindanao and may meander around its present position in the next 24 hours. Should the weather disturbance redevelop within or enter PAR as a tropical depression, PAGASA said the domestic name “Kabayan” will be assigned […]

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PCG says China Coast Guard acts vs PHL vessel on resupply mission to Ayungin unprovoked, a violation of int’l law

(Eagle News)–The Philippine Coast Guard condemned what it said were the Chinese Coast Guard’s “unprovoked acts of coercion and dangerous maneuvers against a legitimate and routine supply Philippine rotation and resupply mission to Ayungin Shoal.” PCG Commandant Ronnie Gil L. Gavan issued the statement as it released a video of a CCG vessel directing a water canon towards a resupply vessel on Nov. 10. The National Task Force-West Philippine Sea said CCG vessel 5203 did […]

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Shear line affecting Central Luzon: PAGASA

Northern Luzon also affected by northeast monsoon (Eagle News)–The shear line is affecting Central Luzon. The Philippine Atmospheric Geophysical and Astronomical Services Administration said Northern Luzon is also affected by the northeast monsoon. As a result, Aurora, Rizal, Quezon, Laguna and Camarines Norte will have cloudy skies with scattered rain showers and thunderstorms. Flashfloods or landslides due to scattered light to moderate to at times heavy rains are possible. Ilocos Region, Cordillera Administrative Region, and […]

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Maharlika Fund IRR revision made to give Board more independence: IRR review group member

(Eagle News)–The specific qualifications of Maharlika Investment Corp.’s officers were removed from the MIF implementing rules and regulations to give the Board of Directors “more independence.” This is according to Monetary Board Member and former Treasurer of the Philippines Rosalia De Leon, a member of the review group of the Maharlika Investment Fund Act’s IRR. President Bongbong Marcos had ordered the review of the Act’s initial IRR to ensure that safeguards are in place in […]

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PBBM appoints new PRA general manager, two board members

(Eagle News)– The Presidential Communications Office has announced three new appointees to the Philippine Reclamation Authority. The PCOO said Cesar S. Siador Jr. has been appointed as general manager and chief executive officer. Apart from Siador, Alexander T. Lopez and Anthony Peter D. Crisologo shall serve as members of the board of directors. The PRA, formerly known as the Public Estates Authority, serves as the clearing house of all reclamation projects in the Philippines.

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PHL, Timor-Leste agree to collaborate in fields of civilian commercial aviation, education

Also agree to work on social security pact for professionals (Eagle News) — The Philippines and Timor-Leste have agreed to work together in the fields of civilian commercial aviation and education,  and on a social security agreement for professionals. President Bongbong Marcos announced the agreed-upon reconvening of policy consultations to be hosted by Timor-Leste in the near future  in a joint press briefing following a bilateral meeting with Timor-Leste President José Ramos-Horta on Friday, Nov. […]

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President Bongbong Marcos: 56 more Filipinos have left Gaza

(Eagle News) — Fifty-six more Filipinos have left Gaza amid the conflict between Israel and Palestinian militant group Hamas. According to President Bongbong Marcos, this “brings the total to 98 out of the 137 originally in Gaza, now en route to Cairo.” He said of the 98 Filipinos, 34 have boarded their flight to Qatar and will arrive in Manila later at 4:30 p.m. “The safe journey of our nationals is of utmost importance, and […]

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