Day: September 16, 2024

Manila: Increasing budgetary support for the Philippine Coast Guard (PCG) is crucial for providing adequate provisions, regular maintenance, and essential medical and welfare support for its crew, Senate President Pro Tempore Jinggoy Estrada said Monday. “We must address the logistical requirements of the Philippine Coast Guard to fully support their mission and assist in upholding our nation’s territorial integrity,” Estrada said in a statement following the return of BRP Teresa Magbanua from Escoda Shoal. He added that investments in technologies and equipment are necessary to ensure effective operations in adverse weather conditions. “Nararapat na bigyan natin ang ka-ukulang suporta ang

Manila: The Philippine bond market continued to grow in the second quarter of the year but at a slower pace than the recorded expansion in the first quarter. In its Asia Bond Monitor report released on Monday, the ADB said the total bonds amounted to PHP12.5 trillion (USD213.8 billion) in the second quarter, up by 1.9 percent quarter-on-quarter. The expansion in the second quarter was slower than the 2.8 percent growth in the first quarter of the year. “Reduced issuance in both the government and corporate segments moderated the expansion of the Philippines’ local currency bond market,” the ADB said.

Manila: At least six persons were reported dead and 11 others injured due to the combined effects of tropical cyclones Ferdie and Gener and the enhanced southwest monsoon (habagat), the National Disaster Risk Reduction and Management Council (NDRRMC) said Monday. The agency, in its latest situation update, said the reported fatalities include four in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) and two in Zamboanga Peninsula. Meanwhile, the injured persons include nine in the BARMM and two in Soccsksargen. The casualty reports are undergoing validation, the disaster response body said. Two persons in Western Visayas and Zamboanga Peninsula were

Manila: The Anti-Red Tape Authority (ARTA) and the German-Philippine Chamber of Commerce of Industry (GPCCI) have launched a portal that will simplify government transactions for German enterprises eyeing to do business in the country. Through the German-Philippines Business Action Portal (GBAP), the platform will streamline business transactions, gather feedback and address concerns related to government services of German businesses already operating or would like to invest here, according to a news release on Monday. The GBAP is an offshoot of the memorandum of understanding signed between ARTA and GPCCI in November 2023, making the business group one of the first

Manila: Tropical Depression (TD) Gener is expected to make landfall within the next 24 hours in the provinces of Isabela and Aurora, while Tropical Storm Pulasan may also enter the Philippine Area of Responsibility (PAR) late Tuesday. In its 11 a.m. tropical cyclone bulletin, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said Gener had slightly intensified, with maximum sustained winds of 55 kilometers (km) per hour (kph) near the center and wind gusts of up to 70 kph. Its center was estimated at 325 km east northeast of Casiguran, Aurora and moving slowly west southwest. In a press