REUTERS STOCKS declined further on Thursday as the Bangko Sentral ng Pilipinas (BSP) said headline inflation could have reached an almost four-year high in June. The benchmark Philippine Stock Exchange index (PSEi) plunged by 147.76 points or 2.34% to close at 6,155.43 on Thursday, while the broader all shares index sank by 52.89 points or […]Read More

FERDINAND “Bongbong” Marcos, Jr. took his oath of office as the 17th president of the Philippines before Chief Justice Alexander Gesmundo at the National Museum of Fine Arts in Manila on Thursday, June 30, 2022. — PHILIPPINE STAR/ KRIZJOHN ROSALES PHILIPPINE President Ferdinand R. Marcos, Jr. administered on Thursday afternoon the mass oath-taking of the […]Read More

PHILIPPINE STAR/ WALTER BOLLOZOS By Arjay L. Balinbin, Senior Reporter A TRANSPORT group said on Thursday that the increase in the minimum fare for traditional jeepneys is still insufficient for operators and drivers to cope with soaring fuel prices, and that the new administration should expect another fare hike appeal. “Pakunsuwelo de bobo na lang […]Read More

PHILIPPINE STAR/ WALTER BOLLOZOS By Arjay L. Balinbin, Senior Reporter A TRANSPORT group said on Thursday that the increase in the minimum fare for traditional jeepneys is still insufficient for operators and drivers to cope with soaring fuel prices, and that the new administration should expect another fare hike appeal. “Pakunsuwelo de bobo na lang […]Read More

PHILIPPINE STAR FILE PHOTO FORMER Camariñes Sur Rep. Rolando “Nonoy” G. Andaya, Jr. passed away on June 30, his family announced. He was 53. “With deep grief and sadness, we announce the untimely death of our father,” his children wrote in a Facebook post Thursday morning. “We request for your fervent prayers for his eternal […]Read More

PHILIPPINE STAR/ WALTER BOLLOZOS OUTGOING Presidential Adviser for Entrepreneurship Jose Ma. “Joey” A. Concepcion III is recommending a halt to the government’s procurement of coronavirus vaccines, citing the low uptake for booster jabs. “The government has bought vaccines for our people. But as you can see, our citizens stopped taking the vaccines, then these just […]Read More

A LABOR coalition on Thursday denounced the arrest of youth leaders who put up banners expressing opposition to President Ferdinand R. Marcos, Jr., who was inaugurated yesterday in the capital Manila. In a statement, Nagkaisa said members of the Akbayan Youth and SENTRO Youth groups were violently arrested by police officers during a banner hanging […]Read More

PHILSTAR A REGIONAL trial court in Taguig City has convicted a former peace negotiator and three other members of the communist movement over a shooting incident in 1975, according to the Department of Justice (DoJ). In a press briefer released on Thursday, the DoJ said the court sentenced the four to life in prison after […]Read More

PHILIPPINE STAR/ MICHAEL VARCAS THE debt-to-gross domestic product (GDP) ratio is expected to peak at a “manageable” 66.8% in 2023, but is unlikely to return to pre-pandemic levels in the near term, the Philippine Institute for Development Studies (PIDS) said in a report on Thursday. At the end of the first quarter, the debt-to-GDP ratio was […]Read More

THE PHILIPPINES is set to recover over the course of the year even in the face of rising inflation and global supply chain disruptions, with the economy boosted by election spending and the restoration of much business activity as movement restrictions ease, Sun Life Investment Management and Trust Corp. said. “Fundamentally, the Philippines continues to […]Read More