Philippines Report
Senate to weigh business concerns on banning POGOs

Senate to weigh business concerns on banning POGOs

Senators on Tuesday said they would consider the concerns from the business sector regarding a possible ban on Philippine offshore gaming operators (POGOs). Sen. Sherwin Gatchalian said the Senate committee on ways and means, which he heads, will set a [...]

September 28, 2022 Business
Senate approves on 3rd reading SIM registration bill

Senate approves on 3rd reading SIM registration bill

VOTING 20-0-0, the Senate approved on third and final reading Senate Bill (SB) 1310 or the proposed SIM (subscriber identity module) Registration Act. SB 1310 requires the registration of SIM cards to curb cyber crimes such as identity theft and [...]

September 28, 2022 News
Shopee Philippines to layoff workers after $931M loss

Shopee Philippines to layoff workers after $931M loss

Shopee Philippines, which has boomed over the past years amid the pandemic, is set to lay off some of its employees to “optimize” business after it reported a loss of $931.2 million in the second quarter of 2022. Prior to [...]

September 28, 2022 News
No permit yet for Excelerate LNG project – DOE

No permit yet for Excelerate LNG project – DOE

The Department of Energy (DOE) said it has not approved yet the application of US firm Excelerate Energy for a permit to construct, expand, rehabilitate and modify (PECRM), which serves as the second-stage requirement for it to advance its proposed [...]

September 28, 2022 Business
Rice imports eyed anew amid Karding damage

Rice imports eyed anew amid Karding damage

With large swaths of farmlands in Luzon flattened by Super Typhoon Karding, the country may have to resort to more rice importation and possibly at significantly higher cost due to the continued weakening of the peso. Latest data from the [...]

September 28, 2022 Headlines
Standing allowed once again in buses, e-jeeps

Standing allowed once again in buses, e-jeeps

Commuters can once again put up with standing during their commute, after public utility vehicles (PUVs) have been allowed once more to accommodate passengers beyond their seating capacity. The Land Transportation Franchising and Regulatory Board (LTFRB) on Monday issued Memorandum [...]

September 27, 2022 News
IMF slashes Philippines growth forecasts

IMF slashes Philippines growth forecasts

The International Monetary Fund sees the Philippines’ real gross domestic product (GDP) growing by 6.5 percent in 2022, but slowing to five percent in 2023 as global shocks weigh on the economy in the coming months, according to  IMF mission [...]

September 27, 2022 News
3 nabbed for stealing blind person’s earnings

3 nabbed for stealing blind person’s earnings

Three individuals, including two minors, were arrested by police for allegedly stealing the earnings of a blind person while the latter was selling candles at the Muelle Osmeña or bridge in Lapu-Lapu City. Lapu-Lapu City Police Office Public Information Officer [...]

September 27, 2022 News
‘Karding’ death toll rises to 9

‘Karding’ death toll rises to 9

Four more fatalities due to Super Typhoon “Karding” were reported by the National Disaster Risk Reduction Management and Council (NDRRMC) on Tuesday, Sept. 27, raising the death toll to nine. NDRRMC spokesperson Bernardo Rafaelito Alejandro IV said that two additional [...]

September 27, 2022 News
House OKs P3.573-billion DOT budget for 2023

House OKs P3.573-billion DOT budget for 2023

The House of Representatives on Monday approved the proposed P3.573 billion budget of the Department of Tourism for the fiscal year 2023. The DOT and its attached agencies and corporations have a total recommended budget of P3.573 billion which is [...]

September 27, 2022 Headlines