The central bank urged the Filipinos to take advantage of unused; law to fatten their pension plans, noting that Philippines citizens were among the regions poorest prepared for the financial retirement challenges. Speaking at the launch of the digital Personal Equity andRetirement Accounts(Pera) initiative online, Bangko Sentral ng Pilipinas Governor Benjamin Dioknosaid the legislation has so far struggled to build up a critical mass of investors as its authors envisaged.

Jolo Blasts

Police will use the new Anti-Terrorism Act to file cases against the suspects’ coconspirators behind Monday’s twin bombings in Jolo even though the law enforcement rules were not passed, several senators. Sen. Panfilo Lacson, the measure’s key supporter, said the legislation could already be put into effect. The law is already relevant, so it can already be applied in the recent Jolo bombings to file cases against the coconspirators and

President Rodrigo Duterte

Duqueshared that the president is eyeing to name Morales’ replacement within the week in a press briefing in Laguna after the launch of a COVID-19 mega quarantine facility over there. Hopefully will have a new president of PhilHealth within the week. Following Duterte’s advice, Morales resigned to step down because of his medical condition. Duque, who also serves as Chairman of the PhilHealth board, said the President’s office is searching

South China Sea

While China called on the U.S. for meddling in the territorial conflict over the South China Sea, Secretary of Foreign Affairs Teodoro Locsin Jr. said the involvement of Western influence in the Philippines benefits country. According to  Locsin, it helps the interests of the Philippines that we have a U.S. presence in the region, I said so very clearly. It’s the same as Great Britain’s position on the European coast

Neri Colmenares

Bayan MunaParty-list wants to file criminal charges against President Rodrigo Duterte at the International Criminal Court ( ICC) for the recent spate of activist killings. Bayan Muna chairman Neri Colmenares said that Duterte and his administration could be blamed for the death of Negros-based activist Zara Alvarez and other events, as he continued to taunt his critics. According to Colmenares, he encourages Prosecutor Fatou Bensoda, of the International Criminal Court,

highest number of COVID-19 cases

The World Health Organization pointed out that it was “not relevant” that the Philippines now accounted for the highest number of COVID-19 cases in the Western Pacific region as it emphasized that instead, the focus should be on ensuring that the health system in the country is not overloaded. While the Philippines currently has the most cases in the region, Dr. Takeshi Kasai, regional director of the WHO Western Pacific,

Clinical Trials

Upon receiving the anti-flu drug from Japan, the Health Department said Friday, the country will launch clinical trials for Avigan soon upon. As part of its emergency grant assistance, Manila received Avigan tablets for 100 patients from Tokyo for countries “seriously affected” by coronavirus disease. Avigan — approved for use in Japanese flu outbreaks, and used to treat Ebola — is being studied as a possible cure for coronavirus. Health

Worst Economic Recession Amid COVID19”

The Philippines officially entered the recession in the second quarter, an expected economic collapse caused by a pandemic that went beyond government control, with the country likely to become Southeast Asia’s coronavirus hotspot. Gross domestic product (GDP) plunged 16.5 percent year-on-year from April to June, slipping deeper into recession following a revised 0.7 percent drop in the first quarter, as announced by the Philippine Statistics Authority early Thursday. Deep dive

Philippines over COVID-19

The chief implementer of the national task force COVID-19 Article. Carlito Galvez Jr. admitted on Thursday that prior to the pandemic, the country could not prepare and invest in its health facilities. Galvez added that there are other variables that came into play which is why the situation of the country should not be contrasted with the COVID-19 response of other countries. They see that they were unable, as a

President Rodrigo Duterte

President Rodrigo Duterte has directed an inquiry into suspected anomalies in the procurement of an information management program by the Philippine Health Insurance Corp., which allegedly created a dispute between some officials of the health insurance corporation and its president and chief executive Ricardo Morales. A discussion between Morales and his representatives as well as some Cabinet secretaries last Wednesday witnessed some tense debates about the IT program which lead