A man under probation after being convicted of drug charges in 2017 was arrested Thursday afternoon in an entrapment by authorities here. In an interview on Friday, Philippine Drug Enforcement Agency Caraga (PDEA-13) Information Officer Dindo Abellanosa said the suspect, Vincent Romarate, was arrested in Barangay Bayanihan. “During the entrapment operation, the suspect tried to escape but failed as our agents and the police personnel managed to arrest him in Barangay Bayanihan,” Abellanosa said. Seized from the suspect were eight heat-sealed sachets containing 50 grams of suspected shabu in three powered milk packs that have a total value of PHP325,000.
The Bureau of Customs (BOC) recorded a revenue collection of PHP59.9 billion in September, its highest monthly collection to date. Based on the preliminary report from the BOC’s Financial Service released on Friday, the bureau said this is PHP3 billion higher than the bureau’s PHP56.9 billion target collection for September. This also exceeded the monthly collection target for nine consecutive months of 2021. The surplus was recorded after eight out of the 17 collection districts exceeded their target last month – the ports of Limay, Manila, San Fernando, Zamboanga, Davao, Iloilo, Legaspi, and Clark. The BOC has collected PHP472.204 billion
The Department of Trade and Industry (DTI) is looking forward to fast-tracking the provision of assistance to residents of Western Visayas through its Livelihood Seeding Program-Negosyo Serbisyo sa Barangay (LSP-NSB) funded with PHP18.049 million this year. “LSP-NSB is a response of DTI to provide means of livelihood and getting income while we are battling with the pandemic. It is a small assistance for livelihood. Actually, we don’t give cash. These are livelihood kits depending on their need,” DTI regional director Rebecca Rascon said in an interview on Friday. Rascon said there has been a delay in their release of kits
The Philippines’ main equities index ended the week in the red following the higher-than-expected jobless claims in the United States, but the peso strengthened against the US dollar. After a two-day rally, the Philippine Stock Exchange index (PSEi) shed 0.42 percent, or 29.28 points, to 6,923.60 points. All Shares, on the other hand, moved sideways with a rise of 0.02 percent, or 0.67 points, to 4,326.51 points. The majority of the sectoral indexes also gained during the day – Mining and Oil, 1.25 percent; Services, 0.70 percent; Financials, 0.57 percent; and Industrial, 0.43 percent. On the other hand, Property fell
Anti-drug operatives arrested a contractual government employee who was tagged as a high-value target drug pusher in a buy-bust in a village in Koronadal City on Thursday. Katryn Gaye Abad, spokesperson of the Philippine Drug Enforcement Agency (PDEA) 12 (Soccsksargen), said in a report on Friday that suspect Jamil Manara Desamito, 40, was nabbed around 11:35 a.m. after selling two large sachets of suspected shabu to an undercover agent. She said the recovered illegal drugs, which were confirmed in laboratory analysis, weighed 12 grams and were valued at PHP81,600. The operation was led by agents from PDEA South Cotabato Provincial
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno cited the need for the central bank to lead the way in investing in sustainable finance to encourage more institutions to follow this path. During the virtual event of the International Monetary Fund (IMF) titled “Embedding Climate Change into Asia’s Recovery Strategy” on Thursday night, Diokno said the BSP adopted the sustainable central banking program as among its corporate strategies vis-à-vis the sustainability agenda. Under this bid, he said, monetary authorities have established a sustainable central banking roadmap that would provide the framework and milestone in the adoption of sustainability principles in
