Day: May 20, 2025

Danao City: The Police Regional Office (PRO) 7 (Central Visayas) has launched a decisive and high-impact operation that resulted in the shutdown of 15 illegal gun manufacturing sites in Danao City, Cebu on Tuesday. According to Philippines News Agency, PRO 7 Director Brig. Gen. Redrico Maranan, in a statement, said the operation is in line with Philippine National Police (PNP) chief Gen. Rommel Francisco Marbil’s directive to eliminate the sources of loose firearms nationwide. Personnel of the Regional Mobile Force Battalion 7 (RMFB7) and Danao City Police Station carried out the operation in Barangay Cahumayan, Danao City. The mission, personally

Manila: HSBC Philippines continues to be optimistic about the Philippine economy’s growth prospects, noting that the country is one of the fastest growing in the region. According to Philippines News Agency, HSBC Philippines head of international wealth and premier Pramoth Rajendran stated in a briefing at the Shangri-La at the Fort in Bonifacio Global City that despite the first quarter GDP growth of 5.4 percent being slightly below expectations, the full-year 2025 growth is projected at 5.6 percent. This positions the Philippines as one of the fastest growing economies in Asia compared to most of its regional counterparts. Rajendran emphasized

Quezon City: The Commission on Elections (Comelec) on Tuesday expressed dismay over the failure of candidates to remove their campaign materials past the deadline of five days after the May 12 elections. “We said that five days after the election, they (campaign materials) should be removed. Now it’s been more than five days,” Comelec Chairperson George Garcia said during the inspection of the disposal of campaign materials at the Payatas Controlled Disposal Facility in Quezon City. According to Philippines News Agency, Garcia warned the candidates that they may be held criminally liable for not complying with the law, noting that

Manila: The Department of Migrant Workers (DMW) advised overseas Filipino workers (OFWs) and their families to stay vigilant amid an uptick in Covid-19 cases in some parts of Southeast Asia. Migrant Workers Secretary Hans Leo Cacdac on Tuesday reminded OFWs to keep following health and safety protocols issued by their host countries. According to Philippines News Agency, a health advisory was issued by the DMW on Monday, following a Department of Health (DOH) update that Covid-19 cases are rising in several Southeast Asian nations, like Singapore, Thailand, and Hong Kong. He said the move is aligned with President Ferdinand R.

Manila: The Bureau of the Treasury (BTr) announced a successful reissuance of the 10-year Treasury bond (T-bond), highlighting substantial investor interest. The BTr fully awarded bids for the reissued T-bond during the auction held today. According to Philippines News Agency, the reissued T-bond, which now has a remaining term of nine years and 11 months, achieved an average yield of 6.226 percent. This yield is lower than the original 6.375 percent coupon rate when the bond was first issued last month and also below the current secondary market yield for the security. The auction saw significant participation, being oversubscribed by