Day: June 26, 2025

Davao City: Authorities seized over PHP3.5 million worth of shabu here during a series of operations from June 15-21, the Davao City Police Office (DCPO) reported on Thursday. According to Philippines News Agency, DCPO acting Director Colonel Hansel Marantan detailed that their units conducted 28 anti-drug operations during the period, leading to the arrest of 35 individuals involved in illicit drug activities. DCPO data indicated that the operations resulted in the total seizure of 570.05 grams of shabu. Colonel Marantan expressed gratitude to the barangay officials, community members, and the city government for their support, which was crucial to the

Manila: Authorities intercepted a hefty amount of undeclared cash from a Hong Kong-bound passenger at the Ninoy Aquino International Airport (NAIA) Terminal 3. The undeclared cash amounting to USD580,000 (PHP32.48 million) and PHP1.2 million was accidentally discovered during a screening procedure, Office for Transportation Security (OTS) spokesperson Kim Marquez said. According to Philippines News Agency, the Philippine National Police Aviation Security Group (AVSEGROUP) stated that the intercepted money and the passenger are currently in the custody of the Bureau of Customs (BOC) for serial number identification and further investigation. ‘This accomplishment highlights the importance of inter-agency coordination among airport authorities

Manila: The national government’s budget deficit narrowed to PHP145.2 billion in May due to robust growth in revenues and moderation in spending, as reported by the Bureau of the Treasury (BTr). In comparison, the budget deficit for May of the previous year stood at PHP174.9 billion. According to Philippines News Agency, revenue collections during the month increased by 13.35 percent to PHP433.1 billion, up from PHP382.1 billion the previous year, driven by strong growth in both tax and non-tax revenues. Tax revenues, amounting to PHP1.752 trillion, rose by 10.49 percent, buoyed by the government’s revenue-generating efforts. A breakdown of the

Manila: The Department of Transportation (DOTr) will consult the Marcos administration’s economic managers regarding the proposed PHP1 provisional fare hike, Secretary Vince Dizon said Thursday, amid rising clamor from transport groups reeling from big-time fuel price hikes. Dizon emphasized the importance of balancing the concerns of public utility drivers and operators with the need to protect commuters from additional financial burden. According to Philippines News Agency, Dizon mentioned in a Palace briefing that the government is carefully considering the impact of any fare hike on commuters. He stated, ‘Pag-uusapan po natin iyan, ‘no? Kasi alam ninyo naman na kailangan natin

Manila: The total gross savings of the Philippines surged by 16.6 percent, reaching PHP7.70 trillion in 2024, up from PHP6.60 trillion in the previous year, according to the latest data released by the Philippine Statistics Authority (PSA). Gross savings are calculated as the difference between gross disposable income and final consumption expenditure. According to Philippines News Agency, the PSA data highlighted that among the four institutional sectors, non-financial corporations led with the highest savings, amounting to PHP4.96 trillion. Financial corporations came next, with gross savings of PHP1.98 trillion, followed by households and non-profit institutions serving households, which saved PHP393.31 billion.