Meat and vegetable prices drive Nov. inflation to 1.1%

MANILA (Mabuhay) – Inflation quickened to 1.1 percent in November from 0.4 percent the previous month due to an increase in consumer prices of both food and non-food items, the National Economic and Development Authority (NEDA) said on Friday. “The 1.1 percent reported by the...

APEC leaders condemn terrorism

MANILA (Mabuhay) – Leaders of the 21 member economies of the Asia-Pacific Economic Cooperation condemned all acts of terrorism and urged for closer global cooperation in the fight against extremist violence. The latest draft communiqué to be issued by APEC heads of state at the...

At least 378 PAL and Cebu Pacific flights are canceled for APEC security

MANILA (Mabuhay) – Philippine Airlines and Cebu Pacific are cancelling at least 378 domestic and international flights as part of security measures for the APEC Leaders Meeting in Manila during the third week of November. Leaders from the 21-member Asia-Pacific Economic...

Thai PM to visit Philippines

MANILA (Mabuhay) -– The Prime Minister of Thailand will arrive in the Philippines on Thursday for a two-day official visit, the Department of Foreign Affairs (DFA) said. The DFA said General Prayut Chan-o-cha will be in the Philippines from August 27 to 28 upon the invitation of...

For greater public accountability, Ombudsman, Sandiganbayan, COA get higher budgets in 2016 – Romulo

MANILA (Mabuhay) — For greater public accountability and absolute transparency in government, the constitutional bodies of the Sandiganbayan, the Office of the Ombudsman, and the Commission on Audit (COA) will get increased funding in the proposed General Appropriations Act...

Mega casinos in PHL ‘losing’ money

Manila, Philippines | AFP | – The owner of the Philippines’ first mega-casino on Friday said its second-quarter profits halved amid an industry wide slump that could threaten the country’s bid to become a top gaming destination. Travelers International Hotel Group, operator of...

Belmonte pushes for passage of ‘Cha-cha,’ BBL in House’s final session

MANILA, July 27 (Mabuhay) — House Speaker Feliciano Belmonte Jr. made a renewed push for the passage of economic Charter Change and the proposed Bangsamoro Basic Law (BBL) Monday at the start of Congress’ third and final regular session, saying it will complement efforts to...

Fair Competition Act to reinforce PHL economy — NEDA

MANILA, July 1 (Mabuhay) — The proposed Fair Competition Act, one of the longest running congressional bills, will reinforce the Philippine economy, according to the National Economic and Development Authority (NEDA). “As the bill levels the playing field among...

New York Conference promotes PHL as premier investment destination

WASHINGTON, DC  – Investments in people, infrastructure and reforms have transformed the Philippines into a prime destination for foreign capital in recent years, according to Philippine Finance Secretary Cesar V. Purisima, who was one of the keynote speakers at the Economic...

No money problems for Willie Revillame

Amid previous reports about his gambling habit, Willie Revillame now says no to casino. “Nagca-casino, yes, tatanggapin ko na totoo iyan. Naglibang ako sa buhay ko, pinakiramdaman ko lang kung anong meron kasi hindi ako sanay diyan eh. So, na-challenge ako,” Willie said in a...