The Philippine Star - December 10, 2024

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December 10, 2024

Cokaliong looks forward to more decades of sailing

Growing from a single vessel to 16 after 35 years, Cokaliong Shipping Lines Inc. continues its journey of sailing to various destinations in the country, bringing the highest standards of maritime safety.

1 min

PSA: 405 of 677 OVP fund recipients 'non-existent'

Out of the reported 677 recipients of confidential funds of the Office of the Vice President and the Department of Education, 405 have turned out to be spurious, the Philippine Statistics Authority (PSA) said in its report to the committee on good government and public accountability of the House of Representatives.

3 mins

Pagasa: Typhoon may develop between Dec. 16-22

A typhoon may develop in the Philippine area of responsibility (PAR) between Dec. 16 to 22, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration.

2 mins

COA: Gov't intel fund spending hits all-time high

Confidential and intelligence fund spending was at an all-time high last year with over P10 billion disbursed by the Marcos administration for surveillance and confidential activities, according to the Commission on Audit (COA)’s annual financial report on national government agencies.

1 min

Escudero laughs off Senate coup rumors

Senate President Francis Escudero yesterday laughed off rumors of his possible ouster and a take-over by Sen. Cynthia Villar as his colleagues expressed surprise and dismissed the story outright.

2 mins

'Polarization' is Merriam-Webster's word of the year

WASHINGTON - The results of the 2024 US presidential election rattled the country and sent shockwaves across the world - or were cause for celebration, depending on who you ask.

2 mins

Rizal's P31-M 'Mona Lisa' National Museum's Christmas gift to nation

In a feel-good moment in this otherwise politically charged season, the National Museum of the Philippines stepped up to buy Jose Rizal's \"Mona Lisa\" sculpture and make it a Christmas gift to the Filipino nation.

3 mins

VP to skip NBI probe, welcomes impeach move

On the advice of her lawyers, Vice President Sara Duterte will not attend the National Bureau of Investigation (NBI)'s probe into her remarks against President Marcos, First Lady Liza, and Speaker Martin Romualdez on Dec. 11.

1 min

Law gives non-resident tourists VAT refund

Non-resident tourists will soon be entitled to a refund of the value-added tax (VAT) on local goods they purchased, as President Marcos yesterday signed into law a refund mechanism to boost the Philippines' competitiveness as a shopping destination.

2 mins

Nat'l budget to be signed before Christmas

The Marcos administration is expecting the proposed P6.352-trillion national budget for 2025 to be signed before Christmas.

2 mins

RCEF extended to 2031 in amended law

President Marcos yesterday signed into law a measure that grants him and the Department of Agriculture (DA) powers to stabilize rice prices and regulate importation to address price and supply shocks as well as extends the implementation of the Rice Competitiveness Enhancement Fund (RCEF) until 2031 to boost farmers' productivity.

1 min

Basic education mental health law signed

A law that seeks to strengthen mental health programs in schools was enacted yesterday, which, according to President Marcos, is urgently needed because of \"alarming\" data on young people who consider taking their life.

1 min

DOJ: Indonesia has no conditions for Veloso's repatriation

The Indonesian government did not impose any condition on the repatriation of convicted drug courier Mary Jane Veloso.

1 min

Can we eradicate corruption?

EYES WIDE OPEN

3 mins

Unloved

In the end, Bashar al-Assad slithered onto a Russian plane and found sanctuary in Moscow.

3 mins

Youths' mental health

In the previous school year, the Department of Education recorded 254 suicides and 1,492 suicide attempts among students in basic education.

1 min

Casting the Cabinet

People who are casually following the recent announcements from President-elect Donald Trump about how he intends to staff the upper ranks of the executive branch could be forgiven for thinking they were reading about a beauty contest, not political appointments.

4 mins

GMA, Gozon, greatness

Lawyer Felipe L. Gozon celebrated his 85th year on earth Sunday, Dec. 8, 2024.

4 mins

The real business in AI

PEDDLER OF HOPE

4 mins

COA to BJMP: Solve Jail Congestion

The Bureau of Jail Management and Penology (BJMP) needs to acquire more land to address jail congestion rates, which have risen to as high as nearly 3,000 percent in some prisons in 2023, according to the Commission on Audit (COA).

1 min

PNP beefs up Christmas security

The Philippine National Police has intensified security measures ahead of the Christmas and New Year holidays, deploying over 41,000 PNP personnel to ensure public safety and deter criminals.

1 min

DOJ warns public vs online scammers

The Department of Justice (DOJ) has warned the public against online scammers this Christmas season.

1 min

NBI seizes P680 M worth of uranium; 3 suspects held

The National Bureau of Investigation (NBI) has arrested three people allegedly involved in the illegal sale of depleted uranium valued at P680 million.

1 min

4 injured in 10-vehicle smashup in Manila

Four persons were injured when a sport utility vehicle (SUV) collided with multiple vehicles in Manila yesterday.

1 min

LTO probes deadly Katipunan road crash

The Land Transportation Office (LTO) will start today its investigation into the Katipunan flyover accident in Quezon City that left four people dead last week.

1 min

Kanlaon Volcano erupts

Phivolcs raises Alert Level 3

2 mins

Angat Dam water level still below ideal

The water elevation of Angat Dam is still 10 meters below the ideal end-of-year level of 210 meters.

1 min

Palace suspends Abra gov for 60 days

Malacañang has placed Abra Gov. Dominic Valera under preventive suspension for 60 days for violating the Local Government Code of 1991.

1 min

Pope appoints Andaya as bishop of Cabanatuan

Pope Francis appointed Bishop Prudencio Andaya Jr. as the new head of the Diocese of Cabanatuan in Nueva Ecija on Sunday.

1 min

Syrians stroll through Assad's palaces, take furniture, ornaments

Syrians strolled through the palaces of President Bashar al-Assad on Sunday following his sudden ouster, wandering from room to room, posing for photographs, and with some taking away items of furniture or ornaments.

1 min

Trump calls for immediate ceasefire in Ukraine

Donald Trump on Sunday pushed Russian leader Vladimir Putin to act to reach an immediate cease-fire with Ukraine, describing it as part of his active efforts as president-elect to end the war despite being weeks from taking office.

1 min

Rapper Jay-Z accused of raping 13-year-old girl

LOS ANGELES (Reuters) - An amended lawsuit filed in federal court on Sunday alleges that rap mogul Jay-Z (in photo) raped a 13-year-old girl along with Sean \"Diddy\" Combs during a party in 2000.

1 min

Syria's Assad granted asylum in Moscow

ALEPPO (Reuters) - Syria's former President Bashar al-Assad is in Moscow with his family after Russia granted them asylum on humanitarian grounds, a Kremlin source told Russian news agencies on Sunday, and a deal has been done to ensure the safety of Russian military bases.

1 min

Day One act: Pardon US Capitol rioters

WASHINGTON (Reuters) US president-elect Donald Trump said in an interview that aired on Dec. 8 that he would act on his first day in office to pardon rioters involved in the Jan. 6, 2021 Capitol attack, further building expectations for a broad granting of clemency.

1 min

Hunt for insurance CEO's killer yields evidence, but few answers

NEW YORK (AP) - Police don't know who he is, where he is, or why he did it.

1 min

Thai police detain 124 in 'drug party' bust

Police in Thailand detained more than 120 people found in their underwear at a drug-fueled party in Bangkok, officers told AFP on Monday.

1 min

SoKor president banned from leaving country

South Korea's President Yoon Suk-yeol was banned from leaving the country yesterday, the justice ministry said, less than a week after he plunged the country into chaos by briefly imposing martial law.

1 min

Mets acquire Soto via 15-yr, $765 M offer

Dominican baseball superstar Juan Soto has agreed to join the New York Mets on a record-breaking 15-year, $765 million deal, multiple US media reports said on Sunday.

1 min

GAB raises red flag on padel body

The Games and Amusements Board (GAB) is demanding an explanation from the Philippine Padel Association (PPA) for failing to obtain a permit from the GAB for their recently concluded Padel Tennis event.

1 min

Will KQ reemerge in Game 2?

UP coach Goldwyn Monteverde threw an army of defenders on La Salle's Kevin Quiambao in Game One of the UAAP men's basketball Finals at the Smart Araneta Coliseum last Sunday and it took a toll on the two-time MVP who erupted for 18 points in the first half but scored only one point on a technical free throw in the second as the Fighting Maroons stormed to a 73-65 win.

1 min

Phl jins earn 10 podium honors

The Smart/MVPSF Philippine taekwondo team capped another season to remember by winning two silver and eight bronze medals in the recent 2024 World Taekwondo Poomsae Championships in Hong Kong.

1 min

HERE COMES BALTAZAR

Hot prospect Baltazar missed the entire Governors' Cup and the initial salvo of the ongoing Commissioner's Cup as he fulfilled his duties with the Pampanga Giant Lanterns in the MPBL first.

1 min

Wong fires eagle, leads John Hay's charge

Paolo Wong fired an eagle-aided 39 points and the Camp John Hay Golf Club Team 1 held sway with a three-shot lead over Eastridge in Fil A at the start of the 74th Januarius Fil Am Invitational regular competition at Camp John Hay.

1 min

UV Lancers score 2nd CESAFI triple crown

CEBU CITY - The University of the Visayas Green Lancers swept the University of Cebu Webmasters in their best-of-three finals with a decisive 72-55 victory in Game 2 to complete another grand slam feat in the Cebu Schools Athletic Foundation, Inc. (CESAFI) Season 24 basketball tournament on Saturday at the Cebu Coliseum.

1 min

Banks lending more to small businesses

Loans extended by banks to micro, small and medium enterprises (MSMEs) have shown significant growth compared to a year ago, but the sector continues to fall short of the mandatory thresholds.

2 mins

NNIC, Meralco partner to power NAIA modernization

The new operator of the Ninoy Aquino International Airport (NAIA) has tapped energy giant Manila Electric Co. (Meralco) to power the modernization of the country's main gateway.

1 min

Stocks retreat as investors stay on sidelines

Share prices opened the week in the loss column as investors stayed on the sidelines while waiting for key economic data releases locally and in the US.

1 min

PSE approves delisting of SFA Semicon on Dec. 12

The Philippine Stock Exchange Inc. (PSE) has approved the voluntary delisting of semiconductor company SFA Semicon Philippines Corp. (SSP).

1 min

SB Capital renamed Security Bank Capital

SB Capital Investment Corp., the investment banking subsidiary of Security Bank Corp., has announced a rebranding initiative and now operates as Security Bank Capital and Investment Corp.

1 min

The customer is right, even if he's wrong

The customer is king is a trite business mantra. But exactly, how do companies make it happen?

3 mins

Meralco deal with SMC, ACEN OKd

The Energy Regulatory Commission (ERC) has given power distributor Manila Electric Co. (Meralco) the go-signal to procure new mid-merit supply from the generation facilities operated by the San Miguel Group and the Zobel family's ACEN Corp.

1 min

GT Capital sees boost with new Tamaraw model

GT Capital Holdings Inc., the listed holding company of the Ty Group, expects to get a significant boost with the introduction of the Next Generation Tamaraw by the Toyota Motor Philippines.

1 min

InLife acquires local unit of Italian insurer Generali

Filipino insurance company Insular Life (InLife) has acquired 100 percent shareholdings of Generali Life Assurance Philippines Inc., the Philippine unit of the Italian insurance company, as part of efforts to strengthen its market position in the country.

1 min

PH Resorts eyes partnership with EEI for Emerald Bay Resort

PH Resorts Group Holdings Inc. of Davao-based businessman Dennis Uy is looking to team up with construction giant EEI Corp. for the development of the unfinished Emerald Bay Resort in Cebu.

2 mins

What's in store under CREATE MORE

The Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy, also known as CREATE MORE (RA 12066), has recently been enacted into law.

3 mins

Phinma acquires St. Jude College Dasmariñas in Cavite

Phinma Education Holdings Inc. is expanding its network with the acquisition of St. Jude College (SJC) Dasmariñas, Cavite for P432 million.

1 min

First Filipino accredited as qualified risk director

Teodoro Kalaw IV, an independent director at the Gothong Southern Group of Companies, has become the first Filipino to be granted the prestigious qualified risk director (QRD) designation by the DCRO Institute, the world's leading authority on risk governance training and credentials, the Institute of Corporate Directors (ICD) announced.

2 mins

ADB extends $115-M loan for women-led businesses

The Asian Development Bank (ADB) has signed a $115-million loan agreement with Asialink Finance Corp. aimed at supporting small and medium enterprises (SMEs), particularly those owned by women in the Philippines.

2 mins

Phl second most attractive market for RE investment

The Philippines has climbed two spots to become the second most attractive emerging market for renewable energy (RE) investments globally.

2 mins

Negros, Catanduanes ports set for P472-M facelift – PPA

The Philippine Ports Authority (PPA) will close the year investing nearly half a billion pesos for the rehabilitation of ports in Catanduanes and Negros Occidental.

1 min

AirAsia Phl eyes 7.5 M passengers in 2025

Low-cost carrier AirAsia Philippines expects to fly at least 7.5 million passengers in 2025, confident that rising demand for air travel would sustain its upward trajectory.

1 min

Mass housing project inaugurated in Las Piñas

The Las Piñas city government recently broke ground for the construction of new mass housing units to benefit 161 informal settler families (ISFs) at Green Archers Compound in Barangay Pulanglupa Uno.

1 min

Citicore awards battery storage project to Chinese firm

Citicore Renewable Energy Corp. (CREC) of tycoon Edgar Saavedra has partnered with China-based Sungrow Power Supply Co. Ltd. to bolster the development of its battery energy storage systems (BESS).

1 min

Why financial health matters

In finance, we often focus on numbers: balance sheets, loan portfolios and economic indicators.

4 mins

Ayala Group brings up pressing issues with Trilateral Commission

The Ayala Group, led by its senior leaders, has engaged with the members of The Trilateral Commission to discuss pressing issues concerning the region.

1 min

Filinvest Land targets P12 B from bond issue

Filinvest Land Inc. (FLI), the listed property developer of the Gotianun Group, is planning to raise up to P12 billion from the issuance of bonds.

1 min

DA hikes Iloilo's rice budget

The Department of Agriculture (DA) is allocating an additional P82.5 million to further boost rice production in Iloilo, the country's fifth biggest rice producer, by expanding planted hybrid rice in the province.

1 min

Phl to miss exports goal this year

The country's exports are expected to fall short of the target set under the Philippine Export Development Plan (PEDP) for this year, while revised export goals for 2025 to 2028 are likely to be released next year, according to the Department of Trade and Industry (DTI).

2 mins

NFA palay procurement hits three-year high in Oct

The National Food Authority (NFA) procured over 2.4 million 50-kilogram bags of palay in October, the highest level in three years, as its buying price remained competitive against private traders.

1 min

How Juan Karlos, Nathan Studios 'elevate' concert scene

Last Nov. 29, singer-songwriter Juan Karlos Labajo, a.k.a. JK, mounted his first-ever major concert, \"Juan Karlos LIVE.\"

3 mins

MARIEL RODRIGUEZ-PADILLA CONSIDERS BEING 40 THE BEST TIME OF HER LIFE

IT WILL NEVER BE a reason for Mariel Rodriguez-Padilla to feel offended when someone labels her as \"old-fashioned\" for firmly believing that the wife should be submissive to the husband.

2 mins

FPJ's iconic films to air on GMA again

GMA Network and FPJ Productions, Inc. have sealed a momentous partnership that will bring Fernando Poe, Jr.'s (FPJ) most iconic films to television in \"FPJ sa GMA\" in 2025.

2 mins

BEN&BEN TO BLEND ANIMATION, FILM AND LIVE MUSIC IN 'HYBRID' CONCERT

Ben&Ben will take the concertgoers into a \"magical, world-building realm\" at their first-ever \"animation-concert\" hybrid, blending live music, new dimension of storytelling and state-of-the-art multimedia elements.

4 mins

'Markang Angel'

San Miguel Beer and Ginebra San Miguel are two drinks familiar with Filipinos.

2 mins

Discovering scenic Portugal

So many discoveries, so little time. Though a relatively small country (the Philippines is 3.3 times larger) in land area, Portugal is big in history, scenery, sardines, olives and port wine!

3 mins

Don't pause for menopause

ProAge, a pioneering advocacy-based skincare and wellness brand in the Philippines, raised critical conversations about perimenopause and menopause at its recent forum titled \"Don't Pause for Menopause.\"

2 mins

Mole or melanoma? How to spot skin cancer

It's on Hollywood legend Marilyn Monroe's lower left cheek, on supermodel Cindy Crawford's left upper lip, and on the outer left eye of Filipino actor Piolo Pascual.

2 mins

SENIORS AND THEIR STORIES

I had the privilege of attending the private launch of a book in Makati recently, a book titled Bridges of Memory produced by a group of seniors who had each contributed their poems, stories and essays to the collection.

4 mins

The Philippine Star dergisindeki tüm hikayeleri okuyun

The Philippine Star Newspaper Description:

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.