Author: Jericho Flores
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Philippines, US, and Canada Engage in 7th Joint Maritime Exercise in West Philippine Sea
The Armed Forces of the Philippines, led by General Romeo Brawner Jr., announced the commencement of the 7th Multilateral Maritime Cooperative Activity (MMCA) involving naval and air units from the Philippines, the United States, and Canada. This exercise, taking place within the Philippines’ exclusive economic zone in the West Philippine Sea, underscores a unified commitment…
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Philippine Coast Guard in Bicol Bolsters Port Security for Holy Week and Elections
In anticipation of the Holy Week and the upcoming national and local elections scheduled for May 12, the Philippine Coast Guard in Bicol (PCG-5) has significantly enhanced security measures at ports throughout the region. Commodore Ivan Roldan, the Coast Guard District Bicol Commander, announced on Monday that over 800 personnel are now stationed at various…
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Comelec Mandates Removal of Unauthorized Campaign Posters in Antique
In Antique, the Commission on Elections (Comelec) has issued a directive leading to a flurry of activity among supporters of senatorial candidates and party-list groups. In San Jose de Buenavista, efforts are underway to comply with the order by removing oversized and illegally placed campaign materials. Angel Pacificador, the Uswag Party-list’s Antique Provincial Coordinator, confirmed…
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Philippine Treasury Fully Allocates T-Bill Auction Amid Rising Yields
In Manila, the Bureau of the Treasury successfully met its full allocation target for Treasury bills during Monday’s auction. The auction saw the 91-day, 182-day, and 364-day T-bills being sold at average rates of 5.128 percent, 5.562 percent, and 5.726 percent, respectively. Michael Ricafort, chief economist at Rizal Commercial Banking Corporation, noted that the average…
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Retired Police General Linked to P6.7-B Drug Case Plans to Surrender and Return to Philippines
A retired police general, implicated in the mishandling of a PHP6.7-billion drug seizure in Manila back in October 2022, has indicated his willingness to surrender and return to the Philippines, according to a statement made by Brig. Gen. Nicolas Torre III, the head of the Criminal Investigation and Detection Group (CIDG), during a press conference…
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Laoag City General Hospital Staff to Receive Long-Awaited Allowances
Employees at the Laoag City General Hospital (LCGH) are set to receive their subsistence and laundry allowances this month, covering the period from January to December 2024. This announcement comes after a long wait, as the last time these benefits were disbursed was in July 2018. LCGH accountant Edgar Pascual shared that approximately PHP1.469 million…
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Five Individuals Charged in Massive PHP2.7 Billion Shabu Smuggling Operation from Pakistan
In a significant crackdown on drug trafficking, the National Bureau of Investigation (NBI) has filed charges against five suspects involved in a scheme to smuggle over 404 kg of shabu, valued at PHP2.7 billion, into the Philippines from Karachi, Pakistan. The operation, which was intercepted last month, saw the drugs cleverly hidden within food product…
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January’s Steady Inflation Boosts Philippine Stock Market and Peso
In Manila, the consistent inflation rate recorded in January bolstered investor confidence, leading to a positive performance in both the Philippine Stock Exchange and the local currency on Wednesday. The Philippine Stock Exchange index (PSEi) saw a significant rise of 3.15 percent, closing at 6,281.08, while the All Shares index also advanced by 2.18 percent…
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DTI Boosts Negros Occidental’s Small Businesses with Online Mentorship Program
The Department of Trade and Industry (DTI) is enhancing the entrepreneurial skills of micro and small enterprises in Negros Occidental through the Kapatid Mentor ME-Money Market Encounter (KMME-MME) Online program, in collaboration with the Philippine Center for Entrepreneurship (PCE). Gabriel Advincula, the provincial KMME coordinator, announced that applications for the upcoming multi-sectoral batch are open…
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