Category: General

Manila: The Land Transportation Franchising and Regulatory Board (LTFRB) is preparing to issue a memorandum circular that mandates transport network companies (TNCs) to fully shoulder the 20 percent discounts for senior citizens, persons with disabilities, and students. According to Philippines News Agency, during a public hearing of the Senate Committee on Public Services, LTFRB chairperson Teofilo Guadiz III agreed that TNC drivers, who bear the costs of fuel and vehicle maintenance, should not be responsible for the 20 percent discount. Guadiz mentioned that the memorandum, to be implemented in February, will require TNC operators and app owners to cover the

Tacloban City: At least 106 of 136 towns in Eastern Visayas have been upgraded in income classification according to the latest guidelines from the Department of Finance (DOF), an official announced. According to Philippines News Agency, Maria Rosaura Espejo, who heads the Bureau of Local Government Finance (BLGF) regional financial, monitoring, and evaluation unit, disclosed that improvements in income classification were also seen in four of the six provinces and three of the seven cities in the region. Among the 106 municipalities with higher classification, 34 are in Leyte, 18 in Samar, 18 in Northern Samar, 17 in Eastern Samar,

Manila: The Philippine National Police (PNP) on Tuesday refuted claims of a “grand conspiracy” within its ranks and maintained a zero-tolerance policy for misconduct of officers. According to Philippines News Agency, the Department of Justice filed charges against 30 police officers for planting of evidence and delay in the prosecution of cases in connection with an operation in Manila in October 2022, which yielded PHP6.7 billion worth of shabu and resulted in the arrest of a police officer. ‘We remain committed to upholding professionalism, integrity, and accountability in all aspects of our operations,’ the PNP said in a statement. It

Manila: Philippine shares declined anew on Tuesday as investors maintained a cautious stance, while the peso remained flat. According to Philippines News Agency, the Philippine Stock Exchange index (PSEi) went down by 0.69 percent to 6,299.67, while All Shares also fell by 0.46 percent to 3,687.86. Philstock Financials research manager Japhet Tantiangco noted that the local market continued its decline as investors were wary and waiting for new developments. Tantiangco highlighted that investors were primarily focused on the upcoming release of the US’ December 2024 inflation rate, which could provide insights into the Federal Reserve’s future policy decisions. This anticipation

Manila: Philippine Olympic Committee (POC) president Abraham ‘Bambol’ Tolentino will be recognized as Executive of the Year anew during the San Miguel Corporation-Philippine Sportswriters Association (SMC-PSA) Annual Awards Night on Jan. 27 at the Manila Hotel grand ballroom. According to Philippines News Agency, Tolentino, who also earned the honor in 2021 and 2022, received the recognition from the sports writing fraternity for his engagement in the participation and performance of Team Philippines at the Paris Olympics. Gymnast Carlos Yulo, who secured two gold medals in Paris, leads the awardees in the festivity co-presented by ArenaPlus, Cignal, and MediaQuest. The 24-year-old