(LAPU-LAPU CITY, Cebu) Asia Pacific countries should invest in education and social protection to address inequality within their economies and this includes the Philippines, a World Bank official said on Friday. In his message during the APEC Finance Ministers’ Meeting here, World Bank Vice President for East Asia and the Pacific, Axel van Trotsenburg, said most poor households rely on labor as their only source of income. Making labor productive through quality education and skills […]
National
Senate promotes decentralization
MANILA, Philippines, September 11 (Eagle News) — According to Senator Alan Peter Cayetano, it is not the construction of new roads and bridges that will resolve the worsening traffic situation in Metro Manila but economic development in the provinces. Cayetano is now promoting the creation of the Philippine Decentralization Committee to achieve said provincial economic development. (Eagle News Service Jay Paul Carlos, Jericho Morales, MRFaith Bonalos)
DOJ confirms new version of Mamasapano incident
MANILA, Philippines, September 11 (Eagle News) — According to Justice Secretary Leila De Lima, the Department of Justice (DOJ) is verifying the new version of the Mamasapano incident, with said verification causing the delay in the investigation of the said incident. (Eagle News Service Jay Paul Carlos, Jericho Morales, MRFaith Bonalos)
Philippines and South Korea start 3 day naval exercises
MANILA, Philippines, September 11 (Eagle News) — The Philippine Coast Guard (PCG) and its South Korean counterpart started their 3-day naval exercises which focused on law enforcement against pirates and smugglers. (Eagle News Service Jay Paul Carlos, Jericho Morales, MRFaith Bonalos)
Congress seeks to exempt workers earning less than P180,000 from paying taxes
QUEZON CITY, Sep. 11 — Workers earning less than P180,000 annually would no longer have to pay income tax once the House Bill reducing individual and personal income taxes becomes a law. The House of Representatives Committee on Ways and Means’ Technical Working Group is now finalizing the consolidated version of the bill after 11 public hearings. Committee Vice-Chair Sharon S. Garin explains that the bill is meant to increase the take-home pay of employees in […]
Loanable amount for Pag-ibig members will increase
MANILA, Philippines, September 11 (Eagle News) — According to the Pag-ibig, its members can now expect higher loanable amounts while at the same time paying smaller interest rate. Said fund prided itself on the fact that said positive developments were brought about without an increase in the monthly premium of the members. (Eagle News Service Jay Paul Carlos, Jericho Morales, MRFaith Bonalos)
Water interruption will still push through despite rains
METRO Manila, Philippines, September 11 (Eagle News) — According to the water utility companies, despite the daily rainfall, said companies will still implement a rotational water interruption next week because the water in Angat and Ipo Dams still fall short of the ideal water level. Said companies added that the government should construct more dams to guarantee the water supply of Metro Manila. (Eagle News Service Jay Paul Carlos, Jericho Morales, MRFaith Bonalos) https://youtu.be/T8gHZ9UVFKM
No increase in honorarium for teachers in 2016 election
MANILA, Philippines, September 11 (Eagle News) — According to the Commission on Elections (COMELEC), there will be no increase in the honorarium received by teachers serving as Board of Election Inspectors in the coming 2016 election. The commission explained that the Department of Budget Management did not include said increase in the Php 20 billion – budget of the COMELEC due to a pending bill regarding the matter. (Eagle News Service Jay Paul Carlos, Jericho […]
Aquino boasts of economic achievements at APEC meet; praises Cebu Action Plan
(Eagle News) — President Aquino on Thursday (Sept. 10) told finance ministers attending the Asia Pacific Economic Conference (APEC) in Cebu province of the Philippine experience in mounting an economic turn-around that the government under his watch was able to do, and equated this to the promise of economic prosperity that APEC brings. Addressing the start of the two-day APEC Finance Ministers Meeting at the Shangrila Hotel in Lapu-Lapu City, Cebu, the President boasted of his administration’s achievements […]
SC orders Phl gov’t to pay $510.3 million as “just compensation” to Piatco for NAIA take-over
(Eagle News) — Voting 10-0, the Supreme Court on Wednesday (Sept. 9) ordered the Philippine government to pay the Philippine International Air Terminals Co. Inc. (Piatco) $510.3 million as “just compensation” for expropriating the International Passenger Terminal III (IPT III) of the Ninoy Aquino International Airport (NAIA) almost a decade ago. The amount, included interest as of Dec. 31, 2014. It does not include the interest from Jan. 1, 2015 until Piatco is fully […]
Market holiday in Manila
MANILA, Philippines, September 10 (Eagle News) — A group of public markets will conduct a “market holiday” in protest against the ordinance that will allow Mayor Joseph Estrada to enter into joint ventures that will privatize public markets in the city. (Eagle News Service Jay Paul Carlos, Jericho Morales, MRFaith Bonalos) https://youtu.be/SommSZU5UJU
Deficit payment for LRMC will be paid by taxpayers
MANILA, Philippines, September 10 (Eagle News) — Bagong Alyansang Makabayan or Bayan warned taxpayers that the deficit payment worth Php 106 million will be taken from taxes. Said deficit payment will be paid to the Light Rail Manila Corporation (LRMC). (Eagle News Service Jay Paul Carlos, Jericho Morales, MRFaith Bonalos) https://youtu.be/rnRbhgT2lWU
