2019

Gov’t mulls takeover of Hanjin’s shipyard

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By Camille A. Aguinaldo, Melissa Luz T. Lopez and Janina C. Lim, January 17, 2019; Business World https://www.bworldonline.com/govt-mulls-takeover-of-hanjins-shipyard/ Image Credit to HHIC-PH OPTIONS for a resolution of debt troubles of Hanjin Heavy Industries and Construction Philippines (HHIC-Phil), which has entered rehabilitation, now include a possible government takeover of its facilities in Subic Bay Freeport in Central Luzon, the […]

2019

Extra DPWH, DILG funds eyed for Health dep’t facilities

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By Camille A. Aguinaldo, January 15 2019; Business World https://www.bworldonline.com/extra-dpwh-dilg-funds-eyed-for-health-dept-facilities/ Image Credit to Business World SENATE Minority Leader Franklin M. Drilon wants to restore the P24.5 billion taken from the Department of Health (DoH) in the 2019 proposed national budget to fund the agency’s health facilities program and human resources. During deliberations on the DoH budget, Mr. […]

2019

DICT finds no violation in info security

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By Camille A. Aguinaldo and Denise A. Valdez, January 15 2019; Business World https://www.bworldonline.com/dict-finds-no-violation-in-info-security/ Image Credit to Department of Information and Communications Technology THE Department of Information and Communications Technology (DICT) on Tuesday said its initial evaluation found “organizations” in government compliant with information security standards. Also on Tuesday, Foreign Affairs Secretary Teodoro L. Locsin, Jr. clarified this […]

2019

Andaya asks SC to order release of government workers’ salary hike

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By Kristine Joy Patag, January 14 2019; Philippine Star https://www.philstar.com/headlines/2019/01/14/1885034/andaya-asks-sc-order-release-government-workers-salary-hike Image Credit to Philippine Star MANILA, Philippines — The tussle between the Department of Budget and Management and some lawmakers over salary increase has reached the Supreme Court as House Minority Leader Rolando Andaya Jr. (Camarines Sur) on Monday asked the court to compel the  release […]

2019

World Bank doubles disaster, climate risks insurance coverage to PHL

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By Cai Ordinario, January 15 2019; Business Mirror https://businessmirror.com.ph/world-bank-doubles-disaster-climate-risks-insurance-coverage-to-phl/ Image Credit to The Guardian The World Bank has doubled its disaster risk insurance for the Philippines with the renewal of its insurance program to respond to losses from climate and disaster risks. The Washington-based lender, in a news statement,  said it is extending $390 million […]

2019

House approves bill waiving gov’t fees for fresh graduates

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By Charmaine A. Tadalan, January 14 2019; Business World https://www.bworldonline.com/house-approves-bill-waiving-govt-fees-for-fresh-graduates/ Image Credit to Business World THE House of Representatives on Monday approved the bill exempting fresh graduates from government fees on pre-employment requirements. With 200 affirmative votes and zero negative, the chamber approved House Bill No. 172 which intends to provide assistance to new graduates by […]

2019

Palace to look into passport data breach

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By Arjay L. Balinbin, January 14 2019; Business World https://www.bworldonline.com/palace-to-look-into-passport-data-breach/ Image Credit to Philippine Star MALACAÑANG SAID on Monday it will look into the alleged passport data breach, together with the Department of Foreign Affairs (DFA), the Presidential Communications Operations Office(PCOO), and the United Graphics Expression Corporation (UGEC). “Well, today we are writing the DFA regarding […]

2019

Workers bear brunt of Hanjin’s woes

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By Joanna Aglibot, January 15 2019; Philippine Daily Inquirer https://business.inquirer.net/263610/workers-bear-brunt-of-hanjins-woes Image Credit to Philippine Daily Inquirer SUBIC BAY FREEPORT — Barely a year ago, the world’s biggest commercial ship was unveiled here, thanks to the craftsmanship of Filipino workers of South Korean shipbuilding company Hanjin Heavy Industries and Construction-Philippines. The mammoth container vessel, named CMA CGM […]

2019

Wasteful projects traced to kickbacks

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By DJ Yap, January 15 2019; Philippine Daily Inquirer https://newsinfo.inquirer.net/1073161/wasteful-projects-traced-to-kickbacks Image Credit to Sen. Lacson’s Office Tongues have been wagging about a notorious Ilocos Norte official nicknamed “Engineer Forty,” who, as the story goes, routinely pockets a 40-percent cut of the cost of infrastructure projects in the district. It’s local lore that seems steeped in reality […]

2019

Banks downplay Hanjin crisis impact

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By Ralf Rivas, January 14 2019; Rappler https://www.rappler.com/business/220951-banks-downplay-hanjin-crisis-impact Image Credit to Hanjin Heavy Industries and Construction Philippines MANILA, Philippines – The biggest loan default in Philippine history will have minimal impact on the public, according to banks and government regulators. Five of the country’s largest banks have a combined loan exposure of $412 million after Hanjin […]