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P20/kg Rice Pilot Program to Launch in Visayas: Romualdez Praises Presidential Initiative

Cebu: House of Representatives Speaker Martin Romualdez announced that the rollout of the PHP20-per-kilogram rice in the Visayas, starting next week, marks a significant step towards making affordable rice accessible to all Filipino families. This initiative is part of President Ferdinand Marcos Jr.’s efforts to transform his campaign promise into actionable results. According to Philippines News Agency, Agriculture Secretary Francisco Tiu Laurel Jr. revealed details of the pilot program following a closed-door meeting with the President and 12 Visayas governors in Cebu. The President has expressed his desire for the program to be sustained nationwide until 2028. Romualdez highlighted that

BSP Announces New Forex Regulations to Deepen Capital Markets

Manila: The Bangko Sentral ng Pilipinas (BSP) announced fresh amendments to its foreign exchange (FX) regulations that will give Filipinos more access to hedging instruments and help deepen the domestic capital market. According to Philippines News Agency, the BSP’s policy-making Monetary Board (MB) has increased the number of hedging options available to the public. These now include non-deliverable swaps, non-deliverable cross-currency swaps, and foreign exchange options. FX swaps are defined by the BSP as agreements involving the exchange of two currencies using the prevailing spot rate and swapping these at a specified time using a different exchange rate. Prior to

PAL to Fly Nonstop to Qatar Starting June 16

Manila: Philippine Airlines (PAL) will commence direct flights to Qatar starting June 16, facilitated through a codeshare agreement with Qatar Airways, the national airline of Qatar. This daily nonstop service will operate from Ninoy Aquino International Airport. According to Philippines News Agency, PAL President Stanley Ng expressed enthusiasm about expanding the airline’s global presence through strategic alliances. Ng highlighted that the new route would offer business and leisure travelers increased flexibility and seamless access to desired destinations. The decision to introduce daily flights to Doha is expected to boost tourism, trade, and business growth, further strengthening the bilateral relationship between

DMW Intensifies Action Against Online Job Scams Affecting Filipinos

Manila: The Department of Migrant Workers (DMW) is intensifying efforts against the alarming rise of online job scams targeting Filipinos seeking employment abroad, in response to President Ferdinand R. Marcos Jr.’s directive to safeguard the welfare of workers. According to Philippines News Agency, Migrant Workers Secretary Hans Leo Cacdac cited the department’s continuous coordination with various social media platforms, including Facebook and TikTok, to combat the proliferation of fake job postings. “Nakapagtala tayo ng 73,714 take downs sa Facebook at TikTok. Araw-araw ay patuloy ang ating monitoring at may aktibong kooperasyon tayo sa Meta para labanan ang mga sindikatong gumagaya

Tacloban Mangrove Park to Become Urban Green Space for Climate Resilience

Tacloban: A nine-hectare mangrove area in the coastal village of Paraiso is being considered as an urban green space to enhance climate resilience and promote environmental conservation in the city. Drawing from the lessons of Super Typhoon Yolanda’s destruction in 2013, efforts are underway to conserve the Paraiso Mangrove and Eco-learning Park through a partnership led by Pintakasi for Landscape Restoration Inc., the Institute for Climate and Sustainable Cities (ICSC), the City Environment and Natural Resources Office (CENRO), and the City Agriculture Office. According to Philippines News Agency, the collaboration has also involved State Universities and Colleges to raise student

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