Debt-to-GDP ratio projected to peak at 66.8% in 2023

PHILIPPINE STAR/ MICHAEL VARCAS THE debt-to-gross domestic product (GDP) ratio is expected to peak at a “manageable” 66.8% in 2023, but is unlikely to return to pre-pandemic levels in the near term, the Philippine Institute for Development Studies (PIDS) said in…

Local court convicts NDFP spokesperson, 3 others for murder in 1975 shooting

PHILSTAR A REGIONAL trial court in Taguig City has convicted a former peace negotiator and three other members of the communist movement over a shooting incident in 1975, according to the Department of Justice (DoJ). In a press briefer released…

Groups condemn arrest of youth leaders for hanging anti-Marcos banners

A LABOR coalition on Thursday denounced the arrest of youth leaders who put up banners expressing opposition to President Ferdinand R. Marcos, Jr., who was inaugurated yesterday in the capital Manila. In a statement, Nagkaisa said members of the Akbayan…

Concepcion recommends an end to free COVID vaccines for all

PHILIPPINE STAR/ WALTER BOLLOZOS OUTGOING Presidential Adviser for Entrepreneurship Jose Ma. “Joey” A. Concepcion III is recommending a halt to the government’s procurement of coronavirus vaccines, citing the low uptake for booster jabs. “The government has bought vaccines for our…

Nonoy Andaya, former Rep. and budget chief, passes away at 53

PHILIPPINE STAR FILE PHOTO FORMER Camariñes Sur Rep. Rolando “Nonoy” G. Andaya, Jr. passed away on June 30, his family announced. He was 53. “With deep grief and sadness, we announce the untimely death of our father,” his children wrote…

Transport group to seek another jeepney fare hike 

PHILIPPINE STAR/ WALTER BOLLOZOS By Arjay L. Balinbin, Senior Reporter A TRANSPORT group said on Thursday that the increase in the minimum fare for traditional jeepneys is still insufficient for operators and drivers to cope with soaring fuel prices, and…

Completing Cabinet team is top task as Marcos begins term

FERDINAND “Bongbong” Marcos, Jr. took his oath of office as the 17th president of the Philippines before Chief Justice Alexander Gesmundo at the National Museum of Fine Arts in Manila on Thursday, June 30, 2022. — PHILIPPINE STAR/ KRIZJOHN ROSALES…

PHL stocks drop on mounting inflation concerns

REUTERS STOCKS declined further on Thursday as the Bangko Sentral ng Pilipinas (BSP) said headline inflation could have reached an almost four-year high in June. The benchmark Philippine Stock Exchange index (PSEi) plunged by 147.76 points or 2.34% to close…

Peso rebounds on rate hike bets, oil

BW FILE PHOTO THE PESO rebounded versus the dollar on Thursday, returning to the P54 level, on lower global oil prices and as the incoming Bangko Sentral ng Pilipinas (BSP) chief said they may consider a more aggressive rate hike…

Biden unlikely to meet bold Democrat demands after abortion ruling

WASHINGTON — The White House is unlikely to take up the bold steps to protect women’s right to have an abortion that Democratic lawmakers have called for in recent days, interviews with officials show. In a speech after the rollback…

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