Category: General

The issue of public servants falling into bankruptcy is not a recent phenomenon. The growing number of bankruptcies among civil servants is a matter of increasing concern, with the Insolvency Department recently reporting that public servants accounted for 10 to 13 per cent of new bankruptcy cases registered nationwide over the past four years. Director-General of the Insolvency Department, Datuk M Bakri Abd Majid has said, such cases should not occur, as excessive indebtedness is a clear violation under the Public Officers (Conduct and Discipline) Regulations 1993. He added that in some cases, public servants have voluntarily filed for bankruptcy

CEBU CITY – A high-value suspect was arrested in an anti-drug buy-bust operation inside a Chinese cemetery here and seized from him PHP2.3 million worth of suspected shabu. Police Lt. Christopher Irwin Sanchez Jr. identified the 22-year-old suspect as one ‘Dugong’, a resident of Barangay Mabolo. Dugong was apprehended by the operatives of the City Drug Enforcement Unit inside the cemetery in Barangay Carreta after he transacted to a poseur buyer on Sunday night. The 350 grams of drugs seized was submitted to the Crime Laboratory while drug charges have been filed against the suspect. Source: Philippines News Agency

Manila: The local stock market rebounded on Monday, while the peso closed weaker against the dollar. The Philippine Stock Exchange index (PSEi) went up by 0.22 percent to 7,326.41 while All Shares also rose 0.24 percent to 4,024.72. Except for Services which declined by 0.49 percent, all sectoral indices closed in the green, led by Mining and Oil which went up by 2.05 percent. “Philippine shares made minor gains as investors gear up for another week of fresh economic data and events that will drive price action movement,” Regina Capital Development Corporation managing director Luis Limlingan said. Limlingan said that

Manila: Seven out of 10 Filipinos will not support political candidates with known leanings to China in the 2025 midterm elections, think-tank Stratbase ADR Institute said on Monday. This is based on the results of a Pulse Asia survey commissioned by the think-tank, which polled 1,300 respondents from Sept. 6 to 13 and had a ± 3 percent margin of error. It asked whether or not Filipinos would ‘support a candidate in the May 2025 national elections who is pro-China at present or in the past’. Results show that a significant 73 percent of Filipinos said they ‘will not support’

Property giant Megaworld has tapped world-renowned Spanish sculptor Ginés Serrán-Pagán to create the ‘MassKara Queen,’ a 16-foot statue that will rise on the top of its 300-room hotel set to open here in 2028. Company officials unveiled the design in a special media event held at The Upper East House on Monday as the PHP2-billion Kingsford Hotel Bacolod is poised to rise as the largest hotel in this city. ‘In time for the MassKara Festival, we feel that this is the perfect time for us to reveal the MassKara Queen,’ Harold Geronimo, Megaworld vice president for public relations and media