Mall and banking conglomerate SM Investments Corp. (SMIC) is encouraging foreign investors to put their money in the Philippines, saying now is the perfect time to invest in the country. With our current President, we have had a remarkable improvement in governance,” SMIC vice chair Teresita Sy-Coson told the 14th Global CEO Conference in Singapore. Coson said the Philippines has a young population, between the ages of 21 to 35, with a huge earning capacity and a large overseas Filipino working base that consistently remit earnings to their families and in turn help the country’s economy.
Fresh troops have been deployed to military outposts in the West Philippine Sea except Ayungin Shoal, which is guarded by a detachment of Marines stationed on a grounded WWII-era transport vessel. Wescom commander Vice Admiral Alexander Lopez, together with Naval Forces West (Navforwest) Commander Commodore Natalio Abinuman and 3rd Marine Brigade Commander Brig. Gen. Armando Banez, welcomed the other day the soldiers who had completed a three-month duty in the seven islets and a reef included in the country’s regime of islands in the West Philippine Sea. “The troops who were deployed in seven islets and a reef in the Kalayaan Island Group (KIG) have been rotated,” Marine Battalion Landing Team-12 commander Lt. Col. Rodel Martires said.
Mayors and their constituents will be guided step by step before, during and after a disaster strikes. The Department of the Interior and Local Government (DILG) yesterday launched CHARLIE, a centralized alert system that uses local response strategies for better disaster risk reduction and management (DRRM). “Let’s make disaster preparedness more understandable,” said DILG Secretary Manuel Roxas II during the CHARLIE soft launch.
Tropical Storm Nuri was moving closer to the Philippines yesterday but the state weather bureau said it is not expected to directly affect any part of the country in the next two days. Nuri was forecast to enter the Philippine area of responsibility last night. It will be locally named Paeng once inside the Philippine area of responsibility.
For more than three decades, single mother Rosemary (not her real name), 45, has been suffering from dizziness, headaches, sleepless nights and body pains. Such stories are common in the Philippines. Cultural anthropologist Nestor Castro, a professor at the University of the Philippines in Diliman, explained that supernatural beliefs exist primarily so that people can have an explanation for things they do not understand.
The Philippines has obtained a $300-million loan from the World Bank intended to boost fiscal sustainability and governance transparency. Under the World Bank’s Third Development Policy Loan 3, the Philippines will receive support in strengthening priority public investment implementation, reducing the cost of doing business for job creation and poverty reduction, developing the human capital of the poor, promoting fiscal transparency and good governance, as well as consolidating fiscal sustainability through revenue mobilization and risk management. “DPL 3’s strong focus on fiscal sustainability, infrastructure, human capital and good governance enables the Philippines to boost our inclusive growth agenda as we reach the tail-end of this administration,” Finance Secretary Cesar Purisima said.
Couples tying the knot at Paco Park think the place is a garden with its towering old trees and walled coziness of a park. One of Paco Park’s oldest residents is one Dorotea Mateo, who died on August 14, 1882. All of the grave markers or lapidas are in Spanish, a testament to a time when Spanish was once the Philippines’ official language until American colonial rule brought in English.