The Philippine Star - January 08, 2024

In this issue

January 08, 2024

Marcos signs ease of paying taxes law

President Marcos signed on Friday Republic Act 11976, also known as the Ease of Paying Taxes Act, to further improve revenue collection and protect taxpayers’ rights through digitalization.

2 mins

House probes this week 'corruption' in PUV modernization

The first hearing of the House committee on transportation has been set for Jan. 10 following Speaker Martin Romualdez's order to verify reported anomalies in the public utility vehicle modernization program (PUVMP).

2 mins

Rody debunks destabilization, opposes Cha-cha

Former president Rodrigo Duterte shrugged off reports of disgruntled police and military officials holding a secret government destabilization meeting with him here in Davao City.

2 mins

14 nations warn Houthis vs Red Sea attacks

Fourteen nations led by the United States warned against further attacks in the Red Sea and called for the release of vessels and crews.

1 min

Go Negosyo, CDA sign deal to scale up small farmers

Entrepreneurship advocacy group Go Negosyo and the Cooperative Development Authority (CDA) signed an agreement that will soon give small farmers a better chance at scaling up.

1 min

DTI to decide on price hike requests for basic goods

The Department of Trade and Industry (DTI) is looking to start issuing its decision on requests for price adjustments of basic necessities and prime commodities (BNPC) this January.

2 mins

BBM open to discuss SMNI probe with Duterte

President Marcos is always open to discuss issues with his predecessor, former president Rodrigo Duterte, Malacañang said on Sunday.

1 min

TRB: All toll exits go cashless by June

The Toll Regulatory Board (TRB) wants to include all toll plazas under the dry run for cashless transactions by June, as it banks on the program to speed up the flow of traffic in expressways.

1 min

COP28: Philippines at the forefront of energy transition

The beginning of a year typically ushers renewed hope, and I believe that there is much to be hopeful for.

5 mins

Nazarene replica eyed for future traslacion

Quiapo Church officials are considering replacing the original 400-year-old wooden image of the Black Nazarene with a replica for future traslacion or processions.

2 mins

Drunk driver enters busway, hits MMDA enforcer

A private motorist hit a traffic enforcer of the Metropolitan Manila Development Authority (MMDA) as he reportedly illegally entered the EDSA Bus Carousel lane in Cubao, Quezon City before dawn yesterday.

1 min

Grand Lotto prize to reach P630 M

The jackpot of the Grand Lotto 6/55 is estimated to reach P630 million in tonight's draw, the Philippine Charity Sweepstakes Office (PCSO) said yesterday.

1 min

Accountability sought in Panay blackout

The provincial government of Iloilo is seeking accountability over the regionwide power outage in Western Visayas that crippled the islands of Panay and Guimaras as well as some areas of Negros after the New Year.

2 mins

Sardines beached in Sarangani

A school of sardines was swept into the shores in Maasim, Sarangani yesterday, prompting residents to flock to the beach to gather and collect them.

1 min

US grounds Boeing jets after incident

The US air safety regulator said Saturday it was grounding some Boeing 737 MAX 9 jets pending inspections, a day after a panel blew out of one of the planes over the western state of Oregon.

1 min

Israel: Hamas command in Gaza destroyed

The Israeli army said on Jan. 6 it had \"completed the dismantling\" of Hamas' command structure in the northern Gaza Strip.

1 min

Woman in 90s pulled from rubble 5 days after Japan quake

A woman in her 90s trapped for five days under rubble caused by a huge earthquake in central Japan was rescued against the odds, but snow and storms were further complicating relief efforts yesterday.

1 min

RSA, MVP share PSA top executive plum

Two of the country's top businessmen and sports patrons stand side by side in the coming San Miguel Corporation-Philippine Sportswriters Association (SMC-PSA) Annual Awards Night.

2 mins

Quizon rules National Chess Championship; Frayna third

The Philippine chess king reigns on Daniel Quizon bested Grandmaster John Paul Gomez with a masterful, sacrifice-laced win in the 13th and final round to claim the crown in the Philippine National Chess Championship at the Marikina Community Convention Center yesterday.

1 min

BOI-approved investments hit P1.2 T

Projects approved by the Board of Investments BOJ) hit an all-time high of P1.26 trillion in 2023, with the bulk coming from foreign sources.

2 mins

Forex buffer rises to $102.4 B in 2023

The country's foreign exchange buffer increased by 6.5 percent to $102.45 billion in 2023 from $96.15 billion in 2022, ending two years of slump on the back of higher foreign borrowings by the national government and rising gold prices in the world market, according to the Bangko Sentral ng Pilipinas (BSP).

2 mins

'Inflation downtrend gives BSP room to cut rates'

The continued softening of inflation gives the Bangko Sentral ng Pilipinas (BSP) more elbow room to pivot the country's monetary policy stance after aggressively raising interest rates to tame inflation and stabilize the peso, according to economists.

2 mins

Market awaits economic data releases

The Philippine stock market welcomed the year on a high note, with a big jump at the end of the first trading week.

1 min

Group with highest revenue share will win NAIA bidding - DOTr

The Department of Transportation (DOTr) plans to issue the contract to operate and maintain the Ninoy Aquino International Airport (NAIA) to the consortium with the highest offer on revenue share.

1 min

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The Philippine STAR is the flagship title of the country's largest and most successful print media enterprise, the Philstar Media Group. Owned and published by Philstar Daily Inc., The Philippine STAR is a vaunted pillar of Philippine journalism whose integrity is anchored on the Biblical motto, “Truth Shall Prevail”. The Philippine STAR is a two-time winner of the prestigious Newspaper of the Year award given by the Rotary Club of Manila.