CIDG gets new chief in latest PNP reshuffle
May 2, 2024
_: MANILA – Government efforts to increase Filipinos’ financial literacy, along with demographics, tech-savvy young people, and the low insurance penetration rate in the country are seen to boost the people’s desire to get health and investment products. In a virtual briefing on Thursday, Pru Life UK president and chief executive officer Eng Teng Wong said the less-than-2-percent insurance product penetration rate in the country, which has a population of more than 109 million, is a “huge opportunity.” “We do not want to actually miss out on this,” Wong said. He also said the increasing focus on financial literacy is
_: MANILA – President Rodrigo Duterte on Thursday said he is grateful that the Philippines could still apply for loans despite the economic situation in the country amid the prevailing coronavirus disease 2019 (Covid-19) pandemic. “Mabuti naman ‘yung mga loan natin (It’s good to know that we can still apply for loans). Until now, the international financial world continues to have a support [for us]),” Duterte said in a speech delivered in Puerto Princesa City. Duterte made the remarks, as he admitted that before serving the country as the chief executive, he had “no idea of the economic picture of
_: MANILA – The Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) will be “more likely” to receive a large volume of Johnson and Johnson (J&J)’s single-dose Janssen vaccine to address vaccine hesitancy in the area, Secretary Carlito Galvez Jr., chief of the National Task Force (NTF) against Covid-19, said on Thursday. Galvez, also the vaccine czar, cited a high percentage of vaccine hesitancy and low vaccination status, particularly in the far-flung areas of the region. However, he noted an increase in the region’s vaccine uptake upon receiving single-shot Janssen vaccine. “Talagang problema namin talaga ‘yung hesitation. Nakita namin, when we
_: MANILA – State-owned Development Bank of the Philippines (DBP) recently installed automated teller machines (ATMs) in the underbanked municipalities of San Jacinto and San Fernando in Ticao Island in the province of Masbate, a top official said. DBP President and Chief Executive Officer Emmanuel G. Herbosa said the installation of two ATMs in the remote island is the first by a universal bank and is part of the bank’s thrust to promote financial inclusion especially in unbanked and underserved areas in the countryside. “This initiative is part of our greater effort to service communities across the country with disrupted
_: MANILA – The Department of Agriculture (DA) has strengthened its campaign against corruption as it launched an anti-corruption panel during the opening of the 1st Anti-Corruption Summit on Wednesday. In a statement on Thursday, DA Undersecretary for Special Concerns Waldo R. Carpio said irregularities will not be tolerated as the agriculture officials renewed commitment to serving the public with “utmost” responsibility and loyalty. “Our Constitution, the very covenant that is the basis of all our laws and institutions, declared that the public office is a public trust and that public officers and employees must, at all times, be accountable
_: MANILA – The Communist Party of the Philippines’ (CPP) disinclination to impose sanctions on communist guerrillas killing government workers and civilians led to the collapse of peace negotiations, President Rodrigo Duterte said Thursday. In a speech delivered in Puerto Princesa City, Palawan, Duterte said he had terminated the peace talks with the CPP’s political wing, the National Democratic Front (NDF), because it did not want to hold its members accountable for their killing spree. “Bumagsak ‘yung peace talks. Lahat nang binigay na mga proposal, at binigay ko rin sa military, sabi ko you study, pero ako talaga, pagtanggap ko,
