Task Force Davao commander Col. Darren Comia said Monday that around 283 individuals were apprehended for illegal drug offenses from July last year to Jan. 17, 2023.
MANILA - The Department of Environment and Natural Resources (DENR), through the Land Management Bureau (LMB), has partnered with the Land Registration Authority (LRA) to ensure a more accurate and accessible land information system. A statement issued by the DENR on Tuesday said the partnership aims to relieve the transacting public of the hassles of land registration through the use of an online data linkage system. LMB Director Emelyne Talabis and LRA OIC Administrator Robert Nomar Leyretana on June 28 led the signing of a joint memorandum order (JMO) on the Procedural Guidelines for the Registration of Patents and Plans Approved by the DENR in the Registry of Deeds and Other Related Matters. This is in consonance with the DENR-LRA Joint Memorandum Circular No. 1, Series of 2021, which prescribed the full systems linkage and land data exchange between the two agencies in relation to DENR-approved plans and DENR-issued patents submitted for registration in the Registers of Deeds. Tal
MANILA - The government is accelerating a comprehensive set of interventions to mitigate the impact of rising commodity prices, the National Economic and Development Authority (NEDA) said. The Philippine Statistics Authority reported Thursday that the headline inflation increased from 4.0 percent in March 2022 to 4.9 percent in April 2022. This is the highest inflation rate since 2019 after the consumer price index was rebased to 2018 from 2012. Year-to-date, inflation settled at 3.7 percent, within the 2.0 to 4.0 percent target for 2022. "World commodity prices remain high as a consequence of the ongoing Russia-Ukraine war. The impact is felt domestically not just on food and basic goods but also on transport and utilities. To address this, we have put in place a comprehensive set of interventions for all affected sectors," Socioeconomic Planning Secretary Karl Kendrick Chua said. Food inflation rose from 2.8 percent in March to 4.0 percent in April. Faster inflation rates f
MANILA - The Securities and Exchange Commission (SEC) has revoked the license of Cashtrees Lending Corporation for launching and operating unregistered online lending platforms (OLPs) amid a moratorium imposed by the commission. In an order dated March 16, the SEC Corporate Governance and Finance Department (CGFD) found that Cashtrees committed eight violations of SEC Memorandum Circular No. 10, series of 2021, which provides for the Moratorium of New Online Lending Platforms (SEC MC 10). Cashtrees also committed eight violations of SEC Memorandum Circular No. 19, series of 2019 (SEC MC 19), which provides the disclosure requirements on advertisements of financing companies and lending companies and reporting of online lending platforms. The findings were supported by the results of the joint operation of the SEC Enforcement and Investor Protection Department (EIPD) and the Philippine National Police Anti-Cybercrime Group on February 12 for the implementation of a warrant to search, se
(Photo courtesy of OFW Help Facebook) MANILA - Overseas Filipino workers are assured ofmore protection amid the global health crisis with the expanded compulsory insurance coverage that will include rehires and direct hires. Department of Labor and Employment (DOLE) Secretary Silvestre Bello III, who chairs the governing board of the Philippine Overseas Employment Administration, said in a news release on Sunday that the guidelines have been issued to implement Department Order No. 228, series of 2021, or the Expanded Compulsory Insurance Coverage for Rehires and Direct Hires. The insurance policy shall be effective for the duration of the employment contract and assures coverage in case of death, disability, repatriation, medical emergency, and litigation. It provides for at least USD15,000 survivor's benefit in case of accidental death; at least USD10,000 survivor's benefit in case of natural death; and at least USD7,500 disability benefit. Also included are repatriation, inc