Transport open to more fare cuts
Transport leaders are open to further fare rollbacks if the price of diesel goes down to P26 per liter or less.
Oil prices tumble below $40
Oil prices tumbled below $40 a barrel as reports from manufacturers like Toyota and Caterpillar pointed to a worsening global economic climate and serious deterioration in energy demand.
PDIC to take over 4 more banks
The Philippine government is taking over four more banks after the Bangko Sentral ng Pilipinas (BSP) found them to be having liquidity problems. The BSP said Nation Bank in Bacolod City, Rural Bank of DARBCI in General Santos City, Bicol Development Bank in Legaspi City and Rural Bank of Carmen in Cebu are now under receivership of state insurer Philippine Deposit Insurance Corp.
Bank clients prepare for long holiday
With Malacanang's declaration, all offices, government agencies, and banks will be on a long year end holiday, beginning on Thursday, Dec. 25, 2008 and ending on Thursday Jan. 1, 2009.
January 2 may be declared holiday
January 2, 2009 may be declared a holiday, according to Malacanang.
Pay rules for long holiday out
After Malacañang announced that December 26, 29, and 31 are special non-working holidays in addition to the regular holidays of December 25 (Christmas Day), 30 (Rizal Day), and January 1 (New Year's Day), the labor department on Monday issued the pay rules for these days.
• If it is the employee's regular workday and the day is worked, the employee is entitled to 200 percent of his/her basic wage for the first eight hours; and for work in excess of the eight hours, an additional 30 percent of his hourly rate on the said day. If the day is un-worked, he/she is entitled to 100 percent of his/her daily rate, provided he/she was present or was on leave with pay on the workday immediately preceding the holiday.
• If it is the employee's rest day and the day is worked, he/she is entitled, for the first eight hours, to 200 percent of his/her daily rate plus 30 percent and, for work in excess of eight hours, plus 30 percent of his/her hourly rate on the said day. It the day is un-worked, he/she is entitled to 100 percent of his daily rate, provided he/she was present or was on leave with pay on the workday immediately preceding the holiday.
• If the day immediately preceding the holiday is a non-work day in the establishment or the scheduled rest day of the employee, he/she shall not be deemed on leave of absence on that day, in which case he/she shall be entitled to the holiday pay.
On the other hand, for the special (non-working) days on December 26 and 29, and December 31:
• If worked, the employee is entitled to 130 percent of his/her daily rate for the first eight hours, and to additional 30 percent of his/her hourly rate on said day for work performed in excess of eight hours.
• If un-worked, he/she is not entitled to any payment, unless there is a favorable company policy, practice, or collective bargaining agreement (CBA) granting payment for special days even if not worked.
• If worked and falling on the employee's rest day, the employee is entitled for the first eight hours to 150 percent of his regular daily rate, and for work performed in excess of eight hours, plus 30 percent of his hourly rate on the said day.
Capitol 'cannot bid' for SRP project
THE Cebu City Joint Venture Selection Committee (JVSC) declared on mass motion that the Capitol is not eligible to challenge the unsolicited proposal of Filinvest Land Inc. (FLI).
Joavan stays in jail for other charges
THE Regional Trial Court (RTC) acquitted Joavan Fernandez of a murder charge that involved a jeepney driver in 2006.
Fireworks contest on Sinulog eve
FOR the first time in the 29-year history of the Sinulog, Cebuanos and visitors will be treated to a spectacular fireworks display competition the night before the grand parade on Jan. 18.
No selling of firecrackers in sidewalks
CEBU City Councilor Augustus Pe Jr. warned traders that the sidewalk is no place to sell firecrackers, and that operations to seize their displays will continue.
PNRC to NBI: Bust illegal blood banks
The Philippine National Red Cross (PNRC) on Monday called on the National Bureau of Investigation (NBI) to crack down on illegal blood banks that exist mainly for profit.
P50M naging P105M
Inamin ng presidente ng Feshan Philippines Inc. na si Julie Gregorio na dinoble at ginawang P105 milyon ang dapat sana'y P50 mil yong halaga lamang ng fertilizer na bahagi ng P728M fertilizer fund scam kung saan nadidiin si dating Agriculture Undersecretary Jocelyn "Jocjoc" Bolante.
1 pang supplier sinubpoena
Sinubpoena kaha pon ng Senate Blue Ribbon Committee na pinamumunuan ni Sen. Richard Gordon si Ja net Napoles, ang ika lawang pinakama laking supplier ng fertilizer ng Department of Agriculture kaugnay sa P728M fertilizer fund scam.
Fertilizer scam 'liaison' faces Senate
Alleged Malacañang liaison Jaime Paule will appear in the Senate on Tuesday, his counsel assured Blue Ribbon committee chairman Richard Gordon Monday noon.
Fertilizer prices cut by half this month
Fertilizer prices this month have gone down by as much as half of peak prices last September, the Agriculture department said in a press release Monday.
CARP leaves farmers hanging
Anakpawis party-list Representative Rafael Mariano said that those responsible for the six-month extension of the Comprehensive Agrarian Reform Program were giving farmers "false hopes."
Fishing ban up in Visayan Sea
The government imposed a temporary ban on killing, catching and sale of herring and mackerel in the Visayan seas in a bid to preserve the marine species in the country"s richest fishing grounds.
3,000 OFWs lose jobs due to crisis - OWWA
Since October this year, a total of 3,000 overseas Filipino workers (OFWs) arrived home jobless as casualties of the global meltdown increased, the OWWA chief said.
Bring 155 OFWs home for Christmas
The leftwing group Migrante on Monday asked the government to bring home 155 distressed and stranded overseas Filipino workers from the Middle East.
Pinay nurse sa Saudi tinarakan
Isang Filipino nurse na nagtatrabaho sa emergency ward ng National Guard Hospital sa Saudi Arabia ang sinaksak ng lalakeng may diperensya sa pag-iisip dahil sa pag me-makeup ng biktima.
Lebanon still too dangerous for OFWs
Labor Secretary Marianito Roque admitted on Monday that most Filipinos currently working in Lebanon are undocumented, having defied a deployment ban to the Mediterranean country imposed by the Philippine government in 2006.
5 nominees make it to SC short list
THE SCREENING BODY for new Supreme Court justices yesterday announced the short list of nominees for the first of seven posts that will be vacated by a retiring magistrate. The short list will be submitted to the President, who will appoint the replacement for Associate Justice Ruben T. Reyes who will retire in January. The nominees are Court of Appeals Associate Justices Martin S. Villarama, Jr. and Portia Aliño Hormachuelos, Sandiganbayan Presiding Justice Diosdado M. Peralta and Associate Justice Francisco Villaruz, Jr., and Ateneo Law School Dean Cesar L. Villanueva.
De Venecia: Arroyo doing a Putin
With Malacañang-backed moves to amend the 1987 Constitution as her legal backdrop, President Arroyo is set to follow the footsteps of Russian leader Vladimir Putin, who has held forth even after stepping down as president, Pangasinan Representative Jose de Venecia said.
Ex-Speaker launches book
Pangasinan Representative Jose de Venecia's launching of his controversial biography on Monday saw the gathering of leaders of the country's political opposition, who hailed the former House speaker's courage for "finally revealing the truth about this [Arroyo] administration."
Cory sorry she helped oust Erap
Erap: 'The best X'mas gift ever' Former President Corazon Aquino on Monday publicly apologized to Joseph Ejercito Estrada for having helped remove him from the presidency during the military-backed Edsa Dos revolt in January 2001.
Noynoy: Cory's apology was a joke
Senator Benigno "Noynoy" Aquino on Monday night said that his mother's so-called apology to ousted President Joseph "Erap" Estrada was a joke.
House not increasing pork barrel
To avoid controversy, the House of Representatives will keep the Priority Development Assistance Fund (PDAF), better known as the pork barrel, at its present level as Congress puts the finishing touches to the proposed 2009 budget.
NPAs attack police station in Agusan
Suspected New People's Army rebels raided before dawn yesterday the municipal police station of Tubay, Agusan del Norte and burned a tower of Globe Telecommunications, Inc. in the same area.
Solcom chief belittles Reds' anniversary
The top official of the Armed Forces Southern Luzon Command has belittled the upcoming 40th founding anniversary of the Communist Party of the Philippines (CPP) on Dec. 26 as nothing but "pure noise and empty rhetoric".
AFP ranks cleared of 'destabilizers'
The Military is now clear of attempts at sowing discord among its ranks through politics, Armed Forces of the Philippines (AFP) chief Gen. Alexander B. Yano said.
Government resumes peace talks
President Arroyo on Monday confirmed that the stalled talks between the government and the Moro Islamic Liberation Front (MILF) will resume and at the same time assured that the sentiments of local stakeholders will be considered before any peace pact will be crafted and approved.
EC gives P160M for Mindanao conflict
Internally displaced persons affected by recent hostilities in Mindanao will continue to receive humanitarian assistance after the European Commission earmarked an additional P160 million in funding for Mindanao's refugees.
3 soldiers hurt in Lanao Norte clash
At least three soldiers of the Philippine Army's 32nd Infantry Battalion were wounded in an encounter with Moro rebels Sunday morning in Calimudan village, Salvador town, Lanao del Norte.
PNP: No Christmas bonus for cops
For lack of budget, there will be no Christmas bonus for the country's policemen from the Philippine National Police (PNP). But Director German Doria, chief of the Police Community Relations Group, said policemen will still be receiving the P7,000 Christmas bonus from the national government that Budget Secretary Ronaldo Andaya had announced. An additional P3,000 that the PNP is supposed to shoulder cannot be granted because the money is to be used to pay police retirees, Doria said.
PNP launches new uniforms
The Philippine National Police (PNP) launched its new line of police uniforms on Monday, promising to make fighting crime easier for policemen. The new police patrol uniforms are light blue polo shirts embroidered with the PNP insignia and with the name, rank, and designation of the policeman. The word "PULIS" is embroidered on the back with yellow thread.
Tacloban now a highly urbanized city
The people of the city have spoken - Tacloban is now a Highly Urbanized City (HUC). This after the result of a plebiscite on Tacloban's conversion from a component city to a highly-urbanized city.
Boy dies, 29 ill of dengue in Biliran
A five-year-old boy has died while several others have been taken ill due to dengue fever in Naval town, Biliran.
Banks remain well capitalized - BSP
Banks remain strong, the central bank Monday said, which should reassure depositors shaken by the recent spate of rural bank closures and the collapse of large banks abroad.
Shopping boost buoys supermarkets
Large Supermarket chains enjoyed a hike in sales during the last weekend before Christmas despite the economic downturn. But sales in smaller groceries have yet to pick up as their customers are expected to do last-minute shopping instead.
Pork, chicken, beef prices spike
Prices of pork, beef, and chicken in major wet markets spike up as Christmas day goes nearer.
Recto: Full effects of crisis in '09
While the Philippines remains in relatively good shape, one of President Gloria Macapagal-Arroyo's economic managers has warned that the local economy will experience the "full brunt" of the global financial crisis in 2009.
4.3M families went hungry--SWS
An estimated 4.3 million households experienced involuntary hunger at least once in the past three months as hunger hit a new record-high of 23.7 percent, according to the latest survey by the SWS.
Palace: RP affected by global crisis
Malacañang acknowledged that the country suffered from economic downturn during the past few months, causing hunger to reach a new peak nationwide.
Thai king calls for peace after riots
Thailand's revered monarch has called on the new government to make peace its priority after months of protests that divided the nation.
Ex Romanian pres. pelted with eggs
Crowds have thrown eggs, coins and jostled a former Romanian president at ceremonies marking the anniversary of the 1989 anti-communist revolt.
Shoe-tosser's brother: Apology forced
The Iraqi journalist who threw his shoes at President George W. Bush says he would do it again and that he was forced to write a letter of apology after being tortured in jail, the journalist's brother said.
Missile kills 8 in northwest Pakistan
Suspected US missile strikes killed at least eight people Monday in volatile northwest Pakistan.
Hatton buildup for Pacman starts Feb.
British brawler Ricky Hatton will put in close to 13 weeks of training for his May 2 showdown with Filipino superstar Manny Pacquiao at the University of Nevada-Las Vegas Thomas & Mack Center.
Pacquiao gets bigger share of purse
Superstar Manny Pacquiao should get the lion's share of the purse if his fight with Ricky Hatton pushes through as planned on May 2 in Las Vegas.
Manny a class act, says Valero
Although he's hoping to eventually fight Manny Pacquiao, former WBA superfeatherweight champion Edwin Valero said yesterday his respect for the Filipino icon will never wane because there isn't a classier act in boxing today.
Donaire asks Peñalosa to train him
Two Filipino world boxing champions, Nonito Donaire and Gerry Peñalosa, are set to join hands in a rare partnership designed to keep the national flag waving proudly in the world boxing battlefield.
Suico yields OPBF title to Japanese
Filipino Randy Suico lost his Oriental and Pacific Boxing Federation lightweight title late Saturday when he yielded a split decision to Japanese champ Ichitaro Ishii at the Korakuen Hall in Tokyo.
Gasol brothers first meeting
Pau and Marc Gasol will not do each other any favors when their respective teams, the Los Angeles Lakers and the Memphis Grizzlies, meet later on Monday, the Spanish brothers said.
Sgt. Pacquiao pinarangalan
Matapos na umani ng karangalan nang matalo sa 'dream match' si Mexican-Ame rican boxer Oscar de la Hoya sa Las Vegas, Nevada, USA, binigyan kahapon ng award si Manny "Pacman" Pac quiao sa pagdiriwang ng ika-73 taong anibersaryo ng Armed Forces of the Philippines. Pacquiao was bestowed the Philippine Legion of Honor award at the Camp Aguinaldo in Quezon City.
Kim: Better to be friends with Gerald
Young actress Kim Chiu denied that she is finally committed to her partner Gerald Anderson.
Firms hope for luck fr. Obama"s name
The popularity of US President-elect Barack Hussein Obama is manifesting itself locally, with several firms adopting the Illinois senator"s name in the hopes that it will boost business.
Das Kapital comic finds fans in Japan
The manga edition of "Das Kapital" hit Japanese bookstores this month and sold about 6,000 copies in its first few days, said Yusuke Maruo of EastPress Co. "I think people are looking to Marx for answers to the problems with the capitalist society," Maruo said. "Obviously, the recent global crisis suggests that the system isn't working properly."
Alfred Hitchcock - "The length of a film should be directly related to the endurance of the human bladder."
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