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Wednesday, 17 September 2025, 3:34 am

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    House debates on P5.768-trillion 2024 budget begins Tuesday; eyes approval before break

    Top News Context.ph Context.ph -
    Speaker Ferdinand Martin G. Romualdez on Sunday said the House is on track to expeditiously approve the budget submitted by President Ferdinand “Bongbong” Romualdez Marcos Jr. before Congress goes on recess later this month.

    Global debt trends up anew

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    The global debt burden retreated for the second year in a row, even though it remains above its already-high pre-pandemic level, according to the latest update of the International Monetary Fund's Global Debt Database. 

    OFW remittance rise 2.5% in July as more Filipinos seek jobs abroad

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    Filipinos living and working overseas, including those working on passenger and cargo ships, sent home $3.32 billion in July, up 2.5 percent from the $3.24 billion they remitted in the same month last year, the Bangko Sentral ng Pilipinas said.

    Expanded accounting helped push foreign debt $10.2B higher in June

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    The country stock of foreign debt stood $10.2 billion higher as at end-June this year to $117.9 billion, driven higher by loans contracted by...

    BOC forfeits P42M smuggled rice in Zamboanga City

    Agriculture Context.ph Context.ph -
    The Bureau of Customs-Port of Zamboanga (BOC-POZ) forfeited 42,180 sacks of rice worth P42 million following a raid of a warehouse in Brgy. San Jose Gusu, Zamboanga City.
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    BSP deploys new anti-scam law to probe flood control corruption accounts

    Banking & Insurance 0
    The Bangko Sentral ng Pilipinas (BSP) has launched an investigation into bank accounts linked to the recent flood-control corruption controversy, invoking for the first time the newly enacted Anti-Financial Account Scamming Act (AFASA), or Republic Act No. 12010.

    AMLC freezes assets of DPWH officials, contractors linked to ‘ghost projects’

    Transport & Communications 0
    The Anti-Money Laundering Council (AMLC) has issued freeze orders on the assets and bank accounts of multiple Department of Public Works and Highways (DPWH) officials and private contractors allegedly involved in fraudulent or “ghost” infrastructure projects, according to Public Works Secretary Vince Dizon.

    PAL tops Asia-Pacific for on-time performance in August

    Transport & Communications 0
    Flag carrier Philippine Airlines (PAL) has been named the most punctual airline in the Asia-Pacific region for August 2025, achieving an on-time performance (OTP) rating of 89.37 percent, according to global aviation analytics firm Cirium.

    Grab faces new oversight in driver incentives

    Transport & Communications 0
    Grab Philippines has signed a new agreement with the Philippine Competition Commission (PCC) to extend the regulatory review of its driver incentive program by another year, underscoring ongoing corporate oversight following its 2018 acquisition of Uber’s Southeast Asia operations.

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    Alas stuns Egypt in FIVB pool game: redemption in 4 sets

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    It was a win long in the making—and for Alas Pilipinas, it felt like a cleansing rain after a dry season of close calls and unfulfilled promise. In front of an ecstatic home crowd at the Mall of Asia Arena, the Philippine men’s national volleyball team stunned World No. 21 Egypt in four searing sets—29-27, 23-25, 25-21, 25-21—in what may go down as the most memorable night in the country’s volleyball history.
    Banking & Insurance

    BSP deploys new anti-scam law to probe flood control corruption accounts

    0
    The Bangko Sentral ng Pilipinas (BSP) has launched an investigation into bank accounts linked to the recent flood-control corruption controversy, invoking for the first time the newly enacted Anti-Financial Account Scamming Act (AFASA), or Republic Act No. 12010.
    Transport & Communications

    AMLC freezes assets of DPWH officials, contractors linked to ‘ghost projects’

    0
    The Anti-Money Laundering Council (AMLC) has issued freeze orders on the assets and bank accounts of multiple Department of Public Works and Highways (DPWH) officials and private contractors allegedly involved in fraudulent or “ghost” infrastructure projects, according to Public Works Secretary Vince Dizon.
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