The Monetary Board (MB) approved the enhanced rules for the issuance of bonds and commercial papers (CPs) in line with the thrust of the Bangko Sentral ng Pilipinas (BSP) to contribute to the development of the domestic capital market. The new rules set out the eligibility criteria for universal/commercial banks (U/KBs) and quasi-banks (QBs) to …
Monthly Archives: August 2018
Truck nearly crushes jeepney in Taculing
By Dominique Gabriel G. Bañaga A payloader truck nearly crushed a jeepney late Thursday night along Rosario Bridge, Barangay Taculing, Bacolod City. Police identified the victim as 58-year-old Danny Lirazan, a resident of Barangay Cabug of the said city. Police Station 6 (PS6) traffic investigator, Police Officer 3 Benjie Giron, said Lirazan was …
Iloilo City nixes extension of Esplanade project
The Iloilo City government will no longer allow the extension of the Iloilo River Esplanade project towards the mouth of the river. This was announced by Mayor Jose Espinosa III during the regular meeting of the Iloilo Batiano River Development Council (IBRDC) held at the city hall penthouse Friday afternoon. The announcement came after his …
Maybank Foundation extends R.I.S.E. Program to Iloilo City’s PWDs
After an initial 255 persons with disabilities (PWDs) and from the marginalized community were trained by Maybank Foundation for its pilot R.I.S.E. (Reach Independence and Sustainable Entrepreneurship) Program in the Philippines, 1,000 more are being targeted to benefit as the program goes nationwide, covering Luzon, Visayas and Mindanao, in addition to Metro Manila. Maybank Foundation …
Suspects in P1.4M drug bust ‘may have link to Maute’
By Dominique Gabriel G. Bañaga Police were looking into the possible connection of the two men nabbed with suspected shabu worth around P1.4 million to the Mindanao-based Maute terror group. The 21-year-old Faisalin Ibra and 42-year-old Norhan Caunda were arrested in a drug buy-bust operation on Tuesday, a police report showed. Ibra and Caunda …
‘Shabu’ worth P1.2M seized in Bacolod
By Dominique Gabriel G. Bañaga Suspected shabu worth an estimated P1.2 million was recovered in a drug buy-bust operation in Purok Magayon, Barangay Singcang-Airport, Bacolod City. Wednesday’s late-night operation led to the arrest of Renante Solanan, Pastor Palo, Jesus Paurillo, and Jesus Rodriguez, police said. The suspected illegal drugs recovered from the suspects were …
Relief of 3 Bacolod police station heads on hold
By Dominique Gabriel G. Bañaga The Bacolod City Police Office (BCPO) is putting on hold the transfer of three station commanders who were called out for their poor performance. In a press conference yesterday morning, BCPO director Senior Superintendent Francisco Ebreo said the performances of the three officers will be reassessed. This was an …
Many senators against TRAIN 2 draft – Bam Aquino
By Dominique Gabriel G. Bañaga Many senators will oppose the proposed second package of the Tax Reform for Acceleration and Inclusion (TRAIN) law, according to Sen. Paolo Benigno “Bam” Aquino IV. Aquino, who was in Bacolod City yesterday to meet vendors at the central market, said the TRAIN 2 proposal will have a hard …
Disaster resilience month culminates with DRR activities
The Negros Occidental provincial government streamlined activities in line with the closing ceremonies of the National Disaster Resilience Month themed, “Katatagan sa Kalamidad ay Makakamtan Kapag Sapat ang Kaalaman sa Kahandaan.” One of the highlights of the culmination program was the Memorandum of Agreement (MOA) signing of the provincial government and Carlos Hilado Memorial State …
Multi-purpose evacuation centers soon to rise in Iloilo
The Iloilo provincial government will soon establish a multi-purpose evacuation center in every legislative district in the province. In the Provincial Disaster Risk Reduction and Management Council (PDRRMC) meeting held August 8 at the Iloilo Provincial Capitol, Governor Arthur Defensor, Sr. said the construction of each evacuation center will cost an estimated P10 million to …