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  • The stolen economy: Of shenanigans and smugglers October 29, 2020
    Intellasia East Asia News If one were to trace the labyrinthine trail of smuggling in this country, one will often find a powerful person somewhere along the way a coddler who may be from the echelons of power, perhaps oligarchs or politicos in their sleek Brionis and signature ties. This is what I learned when […]
  • Index down anew on continued profit taking October 29, 2020
    Intellasia East Asia News The stock index finished in negative territory for the second day in a row yesterday as investors continue to unload stocks acquired from last week’s runup for profit. The bellwether Philippine Stock Exchange index or PSEi closed at 6,377.79, a decline of 37.29 points or 0.58 percent. The broader All Shares […]
  • Philippines reports 1,761 new coronavirus cases, 33 more deaths October 29, 2020
    Intellasia East Asia News Philippines reports 1,761 new coronavirus cases, 33 more deaths The Philippines’ health ministry on Thursday recorded 1,761 new coronavirus infections and 33 more deaths. In a bulletin, the ministry said total confirmed infections had risen to 376,935, while deaths had reached 7,147. New COVID-19 cases in the Philippines increased by fewer […]
  • BIR opens its doors to corruption probe opening salvo October 29, 2020
    Intellasia East Asia News The Bureau of Internal Revenue (BIR) sees no problem getting the first taste of President Rodrigo Duterte’s government-wide corruption probe he delegated to the justice department. “It is a welcome move as it will assist us with our continuing effort to rid of BIR of the remaining ‘bad eggs,’” BIR Commissioner […]
  • World Bank approves $88.28 million loan for customs modernisation October 29, 2020
    Intellasia East Asia News The World Bank has approved an $88.28 million loan to finance the modernisation of the country’s customs administration. The Philippines Customs Modernisation Project is aimed at reducing the transaction costs and enhancing the predictability and transparency of the clearance process at the country’s borders. Specifically, this project will pave the way […]
  • Government to borrow P140 billion in November October 29, 2020
    Intellasia East Asia News The government is eyeing to raise P140 billion next month through the regular issuance of securities in the domestic market, the Bureau of the Treasury (BTr) announced yesterday. According to the BTr, the government is planning to sell P80 billion worth of Treasury bills (T-bills) and P60 billion worth of Treasury […]
  • Philippines: The Rich and Poor Divide in Distance Learning October 29, 2020
    Intellasia East Asia News The Philippine education system is struggling to adapt to the sudden and major shift to distance learning during the Covid-19 pandemic. The Department of Education (DepEd) delayed the opening of the school year and offered Self-Learning Modules to students at home. Authorities pledged to provide distance learning access for all students, […]
  • Feature: All Saints’ Day festivities in Philippines canceled for first time due to pandemic October 29, 2020
    Intellasia East Asia News Every year, millions of Filipinos in this predominantly Catholic country flock to the cemeteries on November 1 and 2 to offer prayers and flowers to relatives and friends who passed away. But the yearly Filipino religious and cultural tradition, locally known as Undas, is broken this year, and Filipinos will not […]
  • Probe into red-tagging of celebrities, Gabriela to begin on November 3-Lacson October 29, 2020
    Intellasia East Asia News Military officials and members of women’s group Gabriela will face a Senate panel next Tuesday to discuss red-tagging, Sen. Ping Lacson confirmed. Lacson, who chairs the Committee on National Defense and Security, Peace, Unification and Reconciliation on Wednesday filed a resolution directing the panel to “exercise its oversight authority over the […]
  • San Miguel to scrap pending coal power plants after government ban October 29, 2020
    Intellasia East Asia News San Miguel Corp. is abandoning future plans to construct coal power plants after the government enforced a moratorium on coal-powered generators. Asked if the country’s largest conglomerate would still proceed with its coal power plans, Ramon Ang, president and chief operating officer, told Philstar.com in a text message: “No problem. We […]