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Thursday, 03 October 2024

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Antique adopts first provincial resolution promoting ‘regenerative agriculture’

ANTIQUE -- The province of Antique has reached a significant milestone by adopting a resolution that promotes the use of regenerative agriculture across all sectors of its agricultural industry. The resolution, introduced by Pio Sumande Sr. of the Antique Provincial Board and co-sponsored by several other board members, highlights the crucial role of regenerative agriculture in maintaining a sustainable and productive farming ecosystem while enhancing resilience to climate change. Earlier, the Biotech for Life project, under the Department of Agriculture-Biotechnology Program Office (DA-BPO), held a forum in Antique focusing on agriculture and food security. During the event, biotechnology expert Dr. Saturnina Halos gave an in-depth presentation on regenerative agriculture. She explained that this method combines the best practices of traditional and modern agriculture to optimize productivity and sustainability. While regenerative agriculture may seem like a relatively new concept to some, it has actually been around since the 1980s. The practice saw a resurgence in the early 2010s, driven by the growing impacts of climate change. According to Dr. Halos, regenerative agriculture promotes practices that improve soil health and reduce harmful emissions, such as greenhouse gases, maximizing both productivity and sustainability. Antique plans to follow up the resolution with an official ordinance, which will codify the integration of regenerative agriculture into the province’s agricultural practices. This will involve increasing the use of natural or organic biofertilizers and biopesticides, while reducing the use of synthetic alternatives. When asked for her recommendations, Dr. Halos expressed her hope that provincial officials would collaborate with the Department of Agriculture to establish test farms in the region. These farms would help assess farmers' needs and implement the best methods for integrating regenerative farming practices. 📷 DA-BPO 20 hours ago

Provinces

PDEA nabs 4 in Subic drug den, seizes P136,000 worth of shabu

2 days ago

Nation

Senator Hontiveros hails joint patrols in West Philippine Sea as a stand against China’s aggression

2 days ago

Provinces

SM malls in Bulacan, Region 3 PNP participate in 3rd quarter nationwide simultaneous earthquake drill

5 days ago

Nation

Disbarment case filed against Harry Roque

1 week ago

Provinces

30 ASF-positive hogs condemned and disposed of in Bulacan

1 week ago

Nation

Senator questions Tony Yang over photo with former PNP chief Acorda

1 week ago

Nation

Marcos signs law protecting the rights and welfare of Filipino seafarers

1 week ago

NATION

Alice Guo tests negative for tuberculosis

MANILA -- The saliva test of former Bamban, Tarlac Mayor Alice Guo for tuberculosis came back negative. This means Guo does not need to isolate and can remain in the detention cell with 43 other inmates at the Pasig City Jail's female dormitory. Guo was initially suspected of having a lung infection based on her September 23 medical examination, according to Philippine National Police (PNP) spokesperson Col. Jean Fajardo. The possible lung infection, Fajardo explained, was discovered during medical and physical exams conducted by the PNP General Hospital and its forensic group before Guo's transfer from the PNP Custodial Facility to the Pasig City Jail on Monday. 📷 House of Representatives of the Philippines FB

1 week ago

Alice Guo now in Pasig City Jail

MANILA -- Former Bamban, Tarlac mayor Alice Guo, also known as Guo Hua Ping, was transferred to the Pasig City Jail's female dormitory on Monday morning. The transfer followed an order from the Pasig Regional Trial Court Branch 167, which found probable cause to proceed with the trial of Guo and her co-accused in connection with a qualified human trafficking case. Guo will be detained with 44 other Persons Deprived of Liberty (PDLs). Her transfer was initially scheduled for Friday evening, but the Bureau of Jail Management and Penology (BJMP) postponed it due to incomplete documentation. Guo's arraignment and pre-trial are set for Sept. 27 at 8:30 a.m. via videoconference. She is accused of facilitating a large-scale illegal online fraud network in Bamban, Tarlac during her term as mayor. 📷 House of Representatives of the Philippines FB

1 week ago

Narco-list “weaponized” to target political rivals — former Mayor Mabilog

MANILA - Former Iloilo City Mayor Jed Patrick Mabilog stated on Thursday that former President Rodrigo R. Duterte's controversial drug list was utilized to attack his political opponents. During the House quad committee's investigation into extrajudicial executions, illegal narcotics, and Philippine offshore gaming operators (POGOs), Mabilog, whose name appeared on Duterte's narco-list, remarked that it had effectively become a "hit list" motivated by political agendas and lacking evidence. "Kung inyong titingnang maigi, isinama ang mga pangalan ng kalaban sa pulitika sa isang validated list ng mga drug personalities sa kasunod na PRRD list. Sa kabila ng mga kuwestiyunableng impormasyong, walang validation o confirmation man lang na ginawa ng kahit na anomang ahensya ng gobyerno sa Malacañang initiated list. Itong PRRD list diumano ay naging isang 'hit list,'" said Mabilog. “Una po sa lahat, I declare that I was not and never will be a drug protector! I don’t know personally nor did I benefit in any way from any illegal drug personality in Iloilo or anywhere else,” Mabilog stressed. After living in self-imposed exile in the United States for seven years, the former mayor returned to the Philippines and denied ever using illegal drugs. Mabilog's Anti-Drug Campaign While serving as mayor, Mabilog vowed to actively combat drug use, highlighting that under his leadership, Iloilo City became the first city in the Philippines to have all 100 of its Barangay Anti-Drug Abuse Councils (BADAC) functional in 2014. However, after being included on the controversial narco-list, he claimed the Duterte administration disregarded his anti-drug efforts. Mabilog recounted how his family was forced into self-exile due to escalating threats against him. "Paulit-ulit ang pagbabanta ni Presidente Duterte sa media, harap-harapang sinasabi na ipapa-patay daw ako," Mabilog said. He described a harrowing incident in 2017 when he received a call from then-Philippine National Police (PNP) Chief Ronald Dela Rosa, inviting him to Camp Crame, only to be warned by a colonel not to attend. Mabilog also revealed that his wife received a text message indicating that individuals were supposedly approaching their home, threatening to kill him if he went to Camp Crame. "The terror was paralyzing. I couldn’t believe it—my life was hanging by a thread," Mabilog said. Mabilog Exposes Alleged Scheme to Frame Drilon and Roxas Additionally, Mabilog alleged that there was a plot to compel him to associate illegal enterprises with former senators Mar Roxas and Franklin Drilon. In 2017, while he was in Japan, Mabilog received a call from Dela Rosa, who expressed sympathy, realizing Mabilog was innocent. However, following that conversation, an unidentified police official warned him that returning to the Philippines would force him to "point fingers" at two prominent figures as "drug lords." “His voice was grim. ‘Do not return,’ he said. ‘Your life is in danger. The accusations against you are all fabricated, but if you go to Crame, you’ll be forced to point fingers at an opposition senator and a former presidential candidate as drug lords,’” Mabilog recounted. Mabilog affirmed when Representative Joseph Paduano of Abang Lingkod inquired if the individuals he referred to were Mar Roxas and Franklin Drilon. Roxas led the Liberal Party in 2016, while Drilon was a member of the opposition during Duterte's administration. Politics Behind the Narco-List According to Rep. Paduano, Mabilog's inclusion in the Duterte administration's narco-list appears to have been motivated by political considerations. “So, Mr. Chairman, the reason why I am asking this is because from the very start of the statement, the affidavit of Jed Mabilog and his preliminary remarks, it is all about politics. That’s why Duterte’s list again, from the statement of Col. (Jovie) Espenido, it appears that it has not gone through vetting and validation,” Paduano noted. Mabilog asserted that law enforcement agencies are being exploited for political purposes, undermining public confidence in the government. "Using state institutions to carry out personal vendettas or silence perceived enemies undermines the foundation of justice and democracy in our country," Mabilog said. “No individual should be able to wield such unchecked authority regardless of their position or power,” Mabilog emphasized, calling for reforms in law enforcement. 📷 House of Representatives of the Philippines

1 week ago

Leila De Lima vows to fight for social justice as lead representative of Mamamayang Liberal Party-list

MANILA, Philippines – Former Senator Leila De Lima announced on Friday, September 20, her nomination as the lead representative of the Mamamayang Liberal Party-list, the sectoral arm of the Liberal Party (LP). "Walang atrasan. Tuloy na tuloy na ang laban!" De Lima proclaimed on social media. "With all humility and conviction, I accepted today the nomination as the lead nominee of the party-list Mamamayang Liberal (ML), the sectoral wing of the Liberal Party (LP), for next year’s elections," she added. Joining De Lima as co-nominees are former lawmakers Ted Baguilat of Ifugao and Erin Tañada from Quezon province’s 4th district. De Lima, a vocal critic of former President Rodrigo Duterte’s controversial war on drugs, had challenged the administration’s aggressive campaign, which primarily targeted small-time drug dealers and users from poor communities. In 2017, following her Senate inquiry into Duterte’s bloody anti-drug operations, she was detained on what many critics deemed fabricated drug-trafficking charges. After spending over six years in detention, all three cases against her were eventually dismissed due to insufficient evidence, with the final case dropped in June 2024. Now free, De Lima remains committed to advocating for social justice. "Isusulong natin nang buong sigasig at katapatan ang katarungang panlipunan," she declared. In May 2024, Liberal Party President and Albay Representative Edcel Lagman announced that the party would participate in the 2025 party-list elections under the banner of Mamamayang Liberal (ML). Lagman emphasized that the party-list group would focus on cause-driven initiatives, advocating for good governance, democratic principles, and strong opposition to any attempts to revive Martial Law or undermine democratic rule. In July, the Commission on Elections (Comelec) officially accredited Mamamayang Liberal, allowing the group to contest a seat in the House of Representatives. ML aims to represent various sectors, including farmers, workers, the urban poor, youth, fisherfolk, indigenous peoples, professionals, women, and members of the Lesbian, Gay, Bisexual, and Transgender (LGBT) community. 📷 Leila De Lima FB

1 week ago

PROVINCES

Comelec works together with Bulacan PNP for 2025 mid-term elections

CAMP ALEJO SANTOS, Bulacan -- Atty. Mona Ann Aldana-Campos, the Bulacan Election Supervisor for the Commission on Elections (Comelec), met with Col. Satur Ediong, the acting Bulacan police director, on Wednesday to address issues related to the upcoming mid-term elections in the province. Their discussions centered on the filing of certificates of candidacy (COC) and voter registration. Ediong emphasized that the meeting aimed to ensure smooth processes, effective collaboration, and readiness for electoral activities in Bulacan. He also noted the importance of close coordination between the Bulacan Comelec and local law enforcement agencies. File photo: Wikipedia 1 week ago

Bulacan PNP nabs two for illegal discharge and possession of firearms

CAMP ALEJO SANTOS, Bulacan -- Police operatives have arrested two individuals in separate operations on Wednesday (September 18) for illegal discharge and possession of firearms. Reports reaching Col. Satur Ediong, acting Bulacan police director, indicate that a 31-year-old man indiscriminately fired a gun around 7:45 PM in Barangay Bulihan, Plaridel town. Responding police operatives found the suspect holding a gun and immediately arrested him, confiscating a submachine gun, caliber .45 Intratec .45 Luger TEC-KG .45 with serial number 504863, loaded with five caliber .45 rounds. Meanwhile, Calumpit police operatives executed a search warrant in Barangay Balungao against a 44-year-old man for violation of illegal possession of firearms (RA 10591), which led to the confiscation of a .38 caliber revolver without a serial number and his eventual arrest. File photo

1 week ago

CHR conducts awareness campaign in Bulacan

CITY OF MALOLOS -- The Commission on Human Rights (CHR) conducted an awareness campaign in Bulacan on Thursday, September 19, called "LaKarAn or Lakbay Karapatan Tungo sa Kamalayan." The event began with a "Siyasat Media Forum" from 8:30 AM to 9:30 AM at the Bulacan State University Hostel Function Room. This was followed by a paralegal training session from 9:00 AM to 12:00 noon at the Francisco Balagtas Hall, Hiyas ng Bulacan Convention Center. Atty. Leorae Valmonte, CHR's regional director in Central Luzon, explained that to enhance the understanding of human rights among Bulakeños, CHR and its partner agencies conducted a series of activities in the province. These included Siyasat, a media conference attended not only by media professionals but also by student journalists. Atty. Richard Palpal-latoc, CHR chairperson, explained that the "LaKarAn" caravan will roll out in the province as part of the agency’s efforts to reach more areas in the country under its human rights campaign. He stated that the program aims to educate and raise awareness, emphasizing the crucial roles of communities, civil society, media personnel, and various sectors in promoting and protecting human rights. Palpal-latoc also mentioned that CHR's program "Alisto," launched in January 2024, is dedicated to media personnel facing lawsuits in defense of their right to report the news. 📷 Commission on Human Rights of the Philippines

1 week ago

Remains of two drowning victims found in Bulacan

CAMP ALEJO SANTOS, Bulacan—The remains of two drowning victims in the City of Baliwag on Tuesday were found and retrieved Wednesday afternoon in the river system of the adjacent town of Bustos. Reports reaching Col. Satur Ediong, acting Bulacan police director, identified the victims as Dave Mangahas, 24, a survey aide and resident of Balolong Malaki, San Ildefonso, Bulacan, and Roxan Limus, 38, an engineer and resident of San Miguel, Burgos, Pangasinan. Retrieval and rescue teams first found Mangahas around noon on Wednesday in the river system at Barangay Cambaog, Bustos. The remains of Mangahas were brought to Giao Funeral Services in San Ildefonso, where his uncle positively identified him, the report added. Meanwhile, the City of Baliwag’s information office reported that Limus’ remains were discovered and retrieved around 3:50 p.m. Wednesday, also in the river system at Barangay Cambaog, Bustos. Initial investigation showed that Mangahas slipped and fell into the Dos Palmas River in Barangay Makinabang, City of Baliwag, on Tuesday around noon. Limus attempted to save him, but both were swept away by the strong river current and drowned. File photo

1 week ago

Bulacan Mayor dares BOC Clark to release CCTV footages on standoff issue

SAN RAFAEL, Bulacan — San Rafael Mayor Cholo Violago has challenged the Bureau of Customs (BOC) in Clark, Pampanga, to release CCTV footage of his recent arrival at the airport to reveal who is telling the truth about the incident. News reports state that the mayor was stopped by Customs officials upon his return from a trip abroad. Allegedly, Customs personnel found approximately P400,000 in cash in his luggage and asked him to report to their office. However, when Violago introduced himself as the incumbent mayor of Bulacan, the Customs personnel reportedly left and questioned why he had not identified himself earlier to clear things up. In response, the Bureau of Customs Clark released a statement on its Facebook page on Wednesday regarding the events that transpired when the mayor arrived in Clark from Bangkok, Thailand. Speaking to Bulacan reporters on Thursday (September 19), Violago said that to clarify the situation, Customs officials should release the CCTV footage from the time he arrived in Clark until he left the airport. He stated that while Customs personnel are free to share their side of the story, the CCTV footage would show what truly happened during the incident. When asked if he planned to file a case against the Customs personnel involved, Violago simply said, “Malalaman natin” (We will find out). Meanwhile, the Bureau of Customs – Port of Clark posted the following statement on its Facebook page: "Public Official Caught with Undeclared Cash at Clark International Airport: Exhibits Abusive Behavior Toward Customs Officers "The Bureau of Customs (BOC) – Port of Clark strongly condemns the unlawful actions of a public official who flagrantly violated customs laws upon arriving from Bangkok, Thailand, on September 10, 2024, at Clark International Airport. Despite their position as a public servant, this individual chose to disregard the very laws they are duty-bound to uphold, demonstrating a serious breach of public trust and a blatant disregard for the rule of law." "During a routine inspection, BOC officers uncovered undeclared regulated agricultural products, including lanzones, which are subject to quarantine regulations imposed by the Bureau of Plant Industry to prevent the introduction of harmful pests into the country. Furthermore, the public official was found carrying four (4) bundles of Philippine peso bills, amounting to Php 400,000, all undeclared. This failure to declare currencies is a direct violation of cross-border currency declaration requirements. The individual, identified as Mr. Mark Cholo Violago, also falsely declared himself as unemployed in his electronic Customs Baggage Declaration Form (eCBDF)." "As a public official, this individual bears a greater responsibility to exemplify integrity and compliance with the law. Instead, their actions not only contravened the customs laws, rules and regulations but also undermined the integrity of the office they represent. This flagrant violation erodes public confidence and demonstrates a troubling disregard for the system they are entrusted to uphold." "The individual in question further exacerbated the situation by displaying inappropriate and abusive behavior during the inspection. Mr. Violago verbally assaulted and intimidated the Customs personnel, recording the examination process without consent and directing gender-based threats toward the female Customs Examiner, stating, ‘Kung hindi ka lang babae’ (‘If you weren’t a woman’). Additionally, he issued threats such as, ‘Habang buhay mong pagsisihan yang kagagohang ginawa mo sa akin. Makikilala mo rin ako.’ (‘You will regret the foolishness you did to me for the rest of your life. One day, you will truly know who I am’)." "Despite these provocations, the BOC officers remained calm and professional throughout the encounter. The entire interaction was recorded through the use of Body-Worn Cameras (BWC), which serves as concrete evidence disproving the baseless allegations of misconduct that Mr. Violago later propagated on social media in an attempt to deflect blame." "It is important to note that such attempts to vilify law enforcement officers and spread false accusations are not only irresponsible but also will not absolve anyone from legal accountability. The Bureau of Customs asserts that it will uphold the law with the highest degree of professionalism and without fear or favor." "This case also highlights the ongoing commitment of the BOC to the directive issued by President Ferdinand Marcos Jr. on January 2, 2024, to strengthen the country’s Anti-Money Laundering and Counter-Terrorism Financing (AML-CFT) regime. This directive aims to remove the Philippines from the global money laundering 'grey list' and has led to the enhancement of cross-border currency declaration measures across all ports of entry. Since the implementation of this directive, the Port of Clark, under the leadership of Commissioner Bienvenido Rubio, has successfully intercepted undeclared currencies from 11 individuals, totaling Php 1,071,900. This incident serves as a reminder of the BOC’s unwavering commitment to enforcing customs regulations and protecting the nation’s financial security." "The public official's reckless actions also brought to light the risks faced by Customs officers who perform their duties in the face of intimidation and abuse. The Customs Examiner involved in this case has reported experiencing trauma, especially given the threats made against her. She is also scheduled to testify in an unrelated case involving the apprehension of illegal drugs in Bulacan, raising additional concerns for her personal safety. Her life has been profoundly affected, impacting her ability to travel and carry out her work effectively. She has expressed a desire to remain in her home province of Mindanao, seeking respite from the ongoing stress." "The BOC reminds the public that no one is above the law, regardless of rank or position. Violating customs regulations, especially failing to declare regulated goods and currencies, is a serious offense punishable by fines, confiscation of items, and potential criminal charges. The Bureau will continue to enforce these laws rigorously and impartially, ensuring that all violators are held accountable for their actions." "The Bureau of Customs – Port of Clark, in strict compliance with the directive of President Ferdinand Marcos Jr., remains steadfast in its mission to protect the country’s borders, enforce customs laws, and ensure that everyone, regardless of status or position, is held accountable for their actions." 📷 Mark Cholo Violago FB

1 week ago

NCR

Two suspects nabbed by Caloocan Police for marijuana possession

CALOOCAN CITY -- Two suspects were arrested on Thursday, August 22, in Caloocan City, resulting in the seizure of 10.4 grams of marijuana. Officers from the West Grace Park Police Sub-station and Caloocan City Police Station reportedly conducted a foot patrol in Barangay 63, Caloocan City, and encountered two individuals who were in public without upper garments, in violation of a local ordinance. When asked to present their IDs, the suspects ignored the lawful order and attempted to flee. After a brief chase, they were apprehended, and a search yielded 10.4 grams of marijuana valued at ₱1,248, contained in two medium-sized heat-sealed plastic sachets. The arrested individuals are charged with violations of a Caloocan City ordinance, Article 151 of the Revised Penal Code (RPC), and Section 11, Article II of R.A. 9165, also known as the Comprehensive Dangerous Drugs Act of 2002. 📷 Calooocan City Police Station 1 month ago

Mayor Malapitan inaugurates new College of Engineering at the University of Caloocan City

CALOOCAN CITY -- The University of Caloocan City has expanded with the establishment of a new College of Engineering. Caloocan Mayor Along Malapitan presided over the blessing and inauguration of the new facility in Barangay 176 Bagong Silang. The University now offers four new engineering courses for free: BS Electronics Engineering, BS Electrical Engineering, BS Computer Engineering, and BS Industrial Engineering. "Mga Batang Kankaloo, ito na po ang katuparan ng sinabi ko noong kampanya na sa panahon ko, ang pangarap ninyong magkaroon ng inhinyerong anak, abot kamay na ng mga taga-Caloocan,” the Mayor said. Mayor Malapitan also thanked Mr. Lucio Co and Puregold President Ferdinand Vincent Co for supporting the foundation of the UCC-College of Engineering. 📷 Screenshot from Mayor Along Malapitan FB

2 months ago

Historic San Bartolome Church in Malabon flooded by Typhoon Carina

MALABON -- The historic San Bartolome Church in Malabon experienced significant flooding due to the broken Malabon-Navotas navigational floodgate and the enhanced southwest monsoon rains brought by Typhoon Carina on Thursday, July 25. “Hindi ko inaasahan na ganito ang kahihinatnan ng aming mga mata sinend lang samin ng isa sa mga kuya namin nakakalungkot makita na ganito ang nangyari,” Johnrey Santos stated in his Facebook post. “Sapagkat may tiwala ako sayo, aming Panginoon na babangon muli ang aming simbahan! Babangon muli ang San Bartolome Parish de Malabon!” Santos added. Currently, volunteers are assisting in pumping out the water and rearranging the pews to their original locations. The parish staff reports that the flood is already starting to recede. The church in Malabon was consecrated to St. Bartholomew the Apostle in 1614 after being founded in 1599 as a Vista of Tondo. The current church was redesigned in neoclassical style in 1861 and was rebuilt to its present state in the 1950s after being devastated by bombs during World War II. Recently, the church was praised by the National Museum of the Philippines as an "Important Cultural Heritage." 📷 Nash Axel, Anna M. Flores

2 months ago

Metro Manila, four other provinces under State of Calamity due to Carina

Interior and Local Government Secretary Benhur Abalos Jr. proclaimed a state of calamity in four more provinces on Thursday in response to the destruction caused by the southwest monsoon, which was exacerbated by Super Typhoon Carina. During a Carina situation briefing with President Ferdinand "Bongbong" Marcos Jr., Abalos stated that, in addition to the cities in the National Capital Region (NCR), Bataan, Bulacan, Batangas, and Cavite have declared a state of calamity. The Metro Manila Council (MMC) proclaimed a state of calamity in the National Capital Region on Wednesday in response to catastrophic floods caused by the southwest monsoon or Habagat and Super Typhoon Carina. In several of the 16 cities and one municipality that comprise the NCR, the government will be able to deploy its quick response funding for emergency relief and rescue activities as a result of the state of emergency being declared. In addition, the Department of Trade and Industry (DTI) has mandated a 60-day price freeze on basic goods in Metro Manila. Typhoon Carina departed the Philippine Area of Responsibility for Taiwan early on Thursday. However, the state weather authority PAGASA stated that the typhoon would continue enhancing the southwest monsoon until Saturday. 📷 Henry Ramirezjr, Hinanay Cavaneyro Jr Ricardo, Chad Gerona

2 months ago

Caloocan City implements cleaning and declogging operations

CALOOCAN CITY, Philippines -- The Caloocan City Environmental Management Department (CEMD) conducted a cleaning operation on C3 Road, Barangay 21, Barangay 22, Tambakol Alley, and Taksay Street at Dagat-dagatan Avenue in Barangay 28 on July 17. In a social media post, Mayor Dale "Along" Malapitan expressed his commitment to continuing the cleanup drive to ensure the city remains clean and pleasant. He appealed for the support and cooperation of residents. On July 18, employees of the Public Safety and Traffic Management Department (PSTMD) - North carried out declogging operations at various locations in Caloocan, including Laloma Street in Barangay 178, Ilang-ilang Street in Barangay 175, and along Camarin Road leading to Bagong Silang. The local chief executive emphasized that this initiative aligns with the city's safety measures and supports overall community well-being. “Patuloy ang pagkilos ng pamahalaang lungsod bilang paghahanda sa mga posibleng pagbaha ngayong panahon ng tag-ulan para sa kaligtasan ng mga Batang Kankaloo,” he explained. 📷 Along Malapitan FB

2 months ago

Lifestyle and Entertainment

OPINION

[OPINION] More about Alice Guo

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6 months ago

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6 months ago

BUSINESS

The party is over: Tupperware files for bankruptcy

WASHINGTON D.C. – Tupperware, renowned globally for its plastic food storage containers, has filed for Chapter 11 bankruptcy protection after years of declining popularity and financial struggles. “Over the last several years, the company’s financial position has been severely impacted by the challenging macroeconomic environment,” Laurie Ann Goldman, President and CEO of Tupperware Brands Corporation, stated in a press release late Tuesday. “As a result, we explored numerous strategic options and determined this is the best path forward,” Goldman added. Chapter 11 bankruptcy allows businesses to restructure their debts. “This process is meant to provide us with essential flexibility as we pursue strategic alternatives to support our transformation into a digital-first, technology-led company,” Goldman said. The company experienced a surge in business during the pandemic as more people turned to home cooking, leading to a higher demand for its plastic containers. However, rising costs of raw materials, along with increased labor and freight expenses after the pandemic, further eroded Tupperware's profit margins. Tupperware was founded in 1946 and named after its founder, Earl Silas Tupper. The product's popularity soared in the 1950s, when postwar women hosted "Tupperware parties" to promote food storage containers, symbolizing empowerment and independence. Tupperware's market position has deteriorated over the years compared to competitors offering cheaper and more environmentally friendly containers. 📷 Tupperware Philippines FB

2 weeks ago

PH raises $2.5B from dollar bonds

MANILA -- The Philippines secured $2.5 billion from the international debt market through a triple-tranche global bond offering aimed at meeting the country's budgetary requirements. The Bureau of the Treasury (BTr) announced on Thursday that the 5.5-year tranche has a yield of 4.375 percent and was priced at T+75 basis points (bps), 35 bps tighter than the initial price guidance, resulting in a 5 bps new issue concession. The new 10.5-year tranche was priced at T+95 bps, 30 bps tighter than the initial price forecast, with no new issue premium, landing at a yield of 4.750 percent. Meanwhile, the 25-year sustainability tranche was priced at 5.175 percent, 32.5 basis points tighter than the initial price forecast, and included a 2.5 basis point reduction. According to the BTr, the 5.5-year bond has the lowest spread of any comparable bond issued by the government since June 2021. Similarly, yields on the 10.5-year and 25-year bonds have reached their lowest levels since March 2022. “The Republic will partially allocate the 25-year Global Bond sale proceeds to assets under the Republic’s Sustainable Finance Framework,” the BTr stated. The transaction is expected to settle on September 5. The BTr noted that the government capitalized on benchmark rates that were beginning to moderate, as investor confidence in impending rate cuts was bolstered by dovish signals from the US Federal Reserve and lower inflation data. Proceeds from the 5.5-year and 10.5-year global bond sales will be utilized for general budget financing, while proceeds from the 25-year global bond sale will be used for refinancing programs and expenditures that align with the Republic's Sustainable Finance Framework, as well as general budget financing. Latest Transaction Attracted Robust Demand National Treasurer Sharon Almanza stated that the most recent transaction drew robust demand and strong momentum across markets, with interest from a diversified pool of high-quality global accounts. “The exceptionally tight pricing across all offerings enables the government to conserve on interest payments, thereby allowing more fiscal space to flow into transformative investments. Thus, the favorable outcome of the transaction further strengthens the Philippine Government's position to fulfill its commitments to fiscal consolidation and rapid economic growth,” Almanza said. Meanwhile, Finance Secretary Ralph Recto noted that the transaction is also a sign of confidence in the country's strong credit rating. "We are very pleased to see the overwhelming investor interest in our new USD 2.5 billion triple-tranche global bonds. In fact, compared to our regional peers, the Philippines’ issuance achieved among the best pricing in all of our tranches this year. This is a resounding vote of confidence in our country’s solid credit profile,” Recto said. “More importantly, this is a significant win for every Filipino as we are raising funds at very affordable costs to support programs and projects that will boost economic growth, create quality jobs, increase incomes, and reduce poverty,” Recto added. 📷 Bureau of the Treasury FB

1 month ago

DTI, BSP, and BDO Foundation launch financial education for small businesses

MANILA -- In an effort to empower Filipino micro-entrepreneurs through financial education, the Department of Trade and Industry (DTI), in collaboration with the Bangko Sentral ng Pilipinas (BSP) and the BDO Foundation, has launched a series of educational videos. The DTI is committed to upskilling and reskilling local micro, small, and medium enterprises (MSMEs). These organizations recognize the critical role of financial education and the entrepreneurial interventions of DTI Negosyo Centers in assisting MSMEs nationwide to help Filipinos scale and grow their businesses. “MSMEs are the drivers of our economy. We want our Filipino entrepreneurs to know that the DTI and DTI Negosyo Centers can offer them a variety of services in pursuing their passion, scaling their ventures, and sustaining what they’ve already started,” shared DTI Acting Secretary Ma. Cristina Roque. The DTI, BSP, and BDO Foundation have released three informative videos that address various business-related challenges, such as starting a business, obtaining the necessary permits and requirements, and acquiring the resources needed for business ventures with the assistance of DTI Negosyo Centers and financial institutions. This initiative is part of a larger government plan to support the micro, small, and medium-sized enterprise (MSME) sector, which often faces difficulties in managing its finances and expanding operations. Moreover, the videos will be made available on DTI platforms to maximize the accessibility of these learning materials. “With this partnership, we are optimistic that more and more micro-entrepreneurs can thrive through these challenging times by providing them with more knowledge and skills that are useful to their businesses,” said BDO Foundation President Mario Deriquito. “We will continue to help pave the way for accessible solutions that support micro-entrepreneurs maneuver new landscapes through financial education. BDO Foundation will also help expand the reach of the program by partnering with local government units and civil society groups that support micro-entrepreneurs,” he concluded. 📷 Department of Trade and Industry

1 month ago

Philippine economy shows strong Q2 growth

MANILA, Philippines — The Philippine economy demonstrated strong growth in the second quarter of 2024, as reported by the Philippine Statistics Authority on Thursday, August 8. Gross Domestic Product (GDP) surged by 6.3% from April to June 2024, marking a notable improvement from the 5.8% growth observed in the first quarter. The PSA report identified key contributors to this growth. Financial and insurance activities led the charge with an 8.2% increase, followed by industry at 7.7%, and services, which saw a 6.8% rise. Agriculture, forestry, and fishing experienced a 2.3% decline due to the impact of El Niño. GDP, a crucial economic indicator, measures the total value of all goods and services produced within a country. Socioeconomic Planning Secretary Arsenio Balisacan said the Philippines achieved one of the strongest performances in Asia with this latest GDP growth rate. "For East Asia’s economies that have released their second quarter 2024 GDP growth, we follow behind Vietnam at 6.9%, while leading Malaysia at 5.8%, Indonesia at 5.0%, and China at 4.7%," Balisacan stated. He attributed the GDP growth largely to heightened investments, particularly noting the double-digit expansion in construction. 📷 Jeanne Paredes/Unsplash

1 month ago

DTI signs MOU to launch Sari-Sari Store Advancement Program

MANILA -- The Department of Trade and Industry (DTI) has signed a historic Memorandum of Understanding (MOU) with private sector partners to launch the Sari-sari Store Advancement Program. The project aims to empower over a million variety store owners nationwide. This initiative, dubbed "Tindahan Mo e-Level Up Mo!", seeks to provide micro-retailers, known as sari-sari stores, with digital tools, knowledge, and sustainable practices, marking a significant step toward inclusive economic growth. “This program aims to empower over one million sari-sari store owners across the Philippines by equipping them with digital tools, knowledge, and sustainable practices,” said Trade and Industry Secretary Alfredo Pascual. He recognized sari-sari stores as a backbone of the economy, serving as economic hubs that power Filipino households. Program emphasizes digitalization and sustainability for micro-retailers The program involves Digital Transformation to enhance store operations, Financial Literacy and Access to Financing, Sustainability, and Consumer Protection and Regulatory Compliance. Secretary Pascual highlighted the necessity of incorporating digital technologies to help these micro-enterprises reduce costs, enhance productivity, and expand their market reach, ensuring their continued competitiveness in the digital economy. “Our goal is to see sari-sari stores not just survive but thrive. By registering and formalizing these businesses, we provide them with the necessary support and benefits to elevate their operations. This initiative is a collaborative effort, and through public-private partnerships, we can create a supportive ecosystem for these small but vital enterprises,” Pascual said. DTI Undersecretary Ed Sunico, who heads the program, stated that the DTI has expanded its network of specialists to ensure sari-sari store owners have access to world-class knowledge. “Bawat isang tindahan ay may isang kabuhayang Pilipino. In that spirit, sama-sama na nating i-level up ang bawat tindahang Pilipino,” USec Sunico said. Signatories from the private sector, including Unilever, Coca-Cola, Universal Robina Corporation, Smart Communications, Nestle, Hapinoy, Packworks, PASCO, and GCash, expressed their support for the program, emphasizing that the success of sari-sari stores is also their triumph. 📷 DTI Philippines FB

2 months ago

PCCI Metro Manila Business Conference 2024 set for August

The 2024 Metro Manila Business Conference (MMBC) organized by the Philippine Chamber of Commerce and Industry - National Capital Region (PCCI-NCR) will be held on August 22-24 at the Fiesta Pavilion, The Manila Hotel, bringing together top leaders in business, government and related entities. The event banners the theme, "Integrating Trade, Technology & Tourism for Sustainable Economic Transformation." The business group announced, “Join us as we delve into thought-provoking discussions, foster meaningful connections, locally as well as globally, and be engaged in shaping the future of business in Metro Manila. Don't miss this remarkable opportunity to gain invaluable insights, network with industry leaders, and be part of a transformative journey towards sustainable economic growth.” PCCI-NCR is currently headed by Dr. Hernando B. Delizo, Chairman and CEO of Clinica Manila, also referred to as Ambulatory Healthcare Institute, Inc., renowned as the pioneer in operating a fully-automated, comprehensive healthcare facility inside a shopping mall, and accredited by the prestigous Accreditation Canada International (ACI). Dr. Delizo will lead the chapters of PCCI in the NCR, which are expected to be joined by the officials of the region’s 17 local government units (LGUs) comprising 16 cities and one municipality. “This business event promises to be a convergence of brilliant minds and innovative ideas,” the PCCI-NCR underscored. Regarded as the Philippines’ biggest and most influential business group, the PCCI counts among its members more than 30,000 small, medium, and large enterprises, local chambers, and industry associations representing various sectors of business all over the country. PCCI is currently led by its President, Enunina “Nina” Mangio, owner of several large businesses including the SamgyeopMasarap chain of restaurants, Board Governor of the Employers Confederation of the Philippines (ECOP), a Board of Trustee for the Philippine Food Exporters Confederation (Philexport), Honorary Chair and Senior Adviser for Philippines-Korea Business Council, and Honorary Consul of the Republic of Liberia in West Africa. 📷 PCCI FB

3 months ago

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