MANILA, Philippines — Borrowers and banks strained by the economic fallout from the Middle East crisis may access temporary loan relief, the Bangko Sentral ng Pilipinas (BSP) said, as it urged lenders to lower the cost of online fund transfers during the difficult period. In Memorandum No. M-2026-014 signed on April 14, Gov. Eli Remolona

MANILA, Philippines — The Court of Appeals has affirmed the legality of the search warrants for firearms and explosives in the house and fighting cocks farm of former Negros Oriental Rep. Arnolfo Teves Jr. in Bayawan City three years ago. The appellate court’s Third Division, in an April 8 decision, junked the petition for certiorari

MANILA, Philippines — Former President Rodrigo Duterte would have personally given him money, instead of coursing it through a “nonentity” like confessed “bagman” Ramil Madriaga, former Ombudsman Samuel Martires said on Wednesday. “If the public’s perception that I am close to former President Rodrigo Duterte is true, then why would the former president send me

PANDI, BULACAN, Philippines — A Sandiganbayan justice, public prosecutors and lawyers of former Sen. Ramon “Bong” Revilla Jr. went to the site of a P92.8-million flood control project here on Wednesday and saw it for what it was—a “ghost.” Instead of a 100-meter-long flood control structure, Associate Justice Karl Miranda, chair of the antigraft court’s

MANILA, Philippines — President Marcos has appointed former Armed Forces of the Philippines Chief of Staff Eduardo Oban Jr. to replace National Security Adviser Eduardo Año, also a former AFP chief and Duterte appointee, who is stepping down for health reasons. In a briefing on Wednesday, Palace press officer Claire Castro said the President had

MANILA, Philippines — Interior Secretary Jonvic Remulla on Wednesday paid a visit and apologized to Jhony Lanquino, the man who was fined last week by authorities for not wearing a shirt while mixing cement in front of his house in Mandaluyong City. “It’s my fault because I did not make it clear what the rules

MANILA, Philippines — The Commission on Audit (COA) has maintained that P73.28 million of the confidential funds granted to the Office of the Vice President (OVP) in 2022 were spent on projects or activities not related to their intended purpose like surveillance, intelligence gathering or peacekeeping. The findings were contained in a COA ruling dated

MANILA, Philippines — Vice President Sara Duterte on Wednesday lashed back at her alleged former “bagman,” Ramil Madriaga, for disparaging her performance as a law student, in return calling him “a bar flunker and a kidnapping suspect.” “Of all the lies thrown” by Madriaga during a hearing of the House justice committee on the impeachment

SUBIC BAY FREEPORT, Philippines — The Subic Bay Metropolitan Authority (SBMA) has implemented a host of fiscal relief measures, including a reduction in port fees, to help its clients cope with rising global fuel costs. According to SBMA Chair and Administrator Eduardo Jose Aliño, the initiative is in line with the declaration by President Marcos

MANILA, Philippines — The National Food Authority (NFA) is set to auction more aging palay (unmilled rice) and rice stocks to free up warehouse spaces for fresh harvests, boost cash flow and prevent spoilage. NFA Administrator Larry Lacson said the NFA Council has approved the auction of 232,141 metric tons (MT) of palay and 62,890