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President Bongbong Marcos signs law institutionalizing automatic income classification of LGUs

(Eagle News) — President Bongbong Marcos has signed into law Republic Act No. 11964, which institutionalizes the automatic income classification of local government units. Under the law, LGUs shall be classified into five classes, according to their income ranges and based on the average annual regular income for three fiscal years preceding a general income reclassification. Those classified as First Class are earning an annual average income of P200,000,000. Second Class LGUs, meanwhile, have an […]

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President Bongbong Marcos vows to revive PHL agri-fishery sector

(Eagle News)–President Bongbong Marcos on Wednesday, Oct. 25, vowed to revive the agri-fishery sector, which the government said has been left behind for decades. He said a budget of P85.88 billion has been allotted for the modernization of sector in 2023, while there was a proposed budget of P92.4 billion pesos for 2024. To ensure the sector’s growth, the President said the government has to begin by assessing the needs of Filipino farmers and fisherfolk. […]

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Increased lava effusion monitored in Mayon: PHIVOLCS

(Eagle News)–Increased lava effusion was monitored in Mayon on Saturday evening, the Philippine Institute of Volcanology and Seismology said. PHIVOLCS said the effusion at the volcano, which remains under alert level 3, began at 10:10 p.m. It included an “abrupt intensification of incandescence” at the summit crater, and was followed by lava flow and rockfall at the Miisi and Bonga gullies. In its regular advisory, PHIVOLCS said 70 volcanic earthquakes including 65 volcanic tremors lasting […]

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PHL bags $4.26 billion worth of investment deals during President Bongbong Marcos’ Saudi visit

(Eagle News)– Business leaders in the Kingdom of Saudi Arabia have pledged more than $4.26 billion in investments in the Philippines, the Presidential Communications Office said. According to the PCO, the companies made the pledge on the sidelines of the Association of Southeast Asian Nations-Gulf Cooperation Council (ASEAN-GCC) Summit in Riyadh attended by President Bongbong Marcos. Of the $4.26 billion investment pledge, the PCO said  $120 million will be for the construction of a capacity […]

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President Bongbong Marcos: Unpaid wages of displaced OFWs in Saudi Arabia to be paid

(Eagle News)– Saudi Arabia has given the assurance that the unpaid wages of more than 10,000 overseas Filipino workers (OFWs) who were left jobless after some companies in the Kingdom declared bankruptcy in 2015 and 2016 will be settled, President Bongbong Marcos said. According to the President, the list of claimants has already been fixed. “And we are just waiting for the details to be worked out between the Saudi side,” he said. President Marcos […]

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Moody’s puts Israel’s credit ratings on review for downgrade

WASHINGTON, Oct 19, 2023 (AFP) – The US ratings agency Moody’s has put the Israeli government’s A1 credit ratings on review for downgrade, citing the “unexpected and violent conflict between Israel and Hamas.” The severity of the conflict, sparked by the deadly attack by Hamas on southern Israel on October 7, “raises the possibility of longer lasting and material credit impact,” Moody’s said in a statement Thursday. More than 1,400 people were killed in the […]

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‘They came to murder’: kibbutz shattered by Hamas attack

By David STOUT NIR OZ, Israel, Oct 20, 2023 (AFP) – The sound of distant air strikes, mortar fire and shelling echoed through kibbutz Nir Oz as Ron Bahat surveyed the damage at his devastated community near the border with Gaza. An estimated 25 percent of the kibbutz’s 400 residents were either killed, kidnapped or went missing in the dawn attack by Hamas militants on October 7, which targeted Israeli communities and military posts. Bahat, […]

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5.9-magnitude earthquake strikes off Davao de Oro early Friday, Oct. 20

(Eagle News)–A 5.9-magnitude earthquake struck off Davao de Oro early Friday, Oct. 20. The Philippine Institute of Volcanology and Seismology said the quake hit at 2:58 a.m. The epicenter was 35 kilometers southeast of New Bataan. The depth of focus, meanwhile, was 13 kilometers. The following intensities and instrumental intensities were reported: Intensities Intensity V- Caraga, Davao Oriental; New Bataan, Maragusan, and Pantukan, Davao de Oro Intensity IV- Nabunturan, Compostela, Monkayo, Mawab, Montevista, Laak, Mabini, […]

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President Bongbong Marcos clarifies Maharlika Fund implementation to push through

(Eagle News) — President Bongbong Marcos on Thursday, Oct. 19, clarified that the implementation of the Maharlika Investment Fund Law will push through. He said he was “still committed to having (the MIF) operational before the end of the year.” “I would just like to make a comment because one of the important aspects of this trip will be for us to introduce the Maharlika Investment Fund to the rest of the world and certainly, […]

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Northeasterly surface windflow affecting Northern, Central Luzon: PAGASA

(Eagle News) — The northeasterly surface windflow is affecting Northern and Central Luzon. The Philippine Atmospheric Geophysical and Astronomical Services Administration said Batanes, Cagayan, Isabela, Apayao, Kalinga, and Aurora will have cloudy skies with rains as a result. Flash floods or landslides due to moderate to at times heavy rains are possible. Rizal, Laguna and Camarines Norte, meanwhile, will have cloudy skies with scattered rainshowers and thunderstorms, this time, due to the shear line. Metro […]

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PNP on heightened alert as BSKE 2023 campaign period kicks off

(Eagle News)–The Philippine National Police is now on heightened alert as the campaign period for the upcoming barangay and Sangguniang Kabataan elections starts. The PNP said the heightened alert will continue until October 30, election day, and will last until November 2. A total of 187,000 police personnel will be deployed nationwide for the elections. The Commission on Elections has identified more than 2,000 barangays as areas of concern. So far, 1,544 have been arrested […]

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DFA confirms fourth Filipino fatality in Israel-Hamas hostilities

(Eagle News)–The Department of Foreign Affairs has confirmed a fourth Filipino fatality in ongoing Israel-Hamas hostilities. Foreign Affairs Secretary Enrique Manalo made the announcement on X, after receiving confirmation from the Israeli government. “Out of respect for the wishes of the family, we shall be withholding details on the identity of the victim,” he said. He said the Philippine government has assured the family of “full support and assistance.” The first three Filipino fatalities were […]

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