Kris Aquino (MNS Photo) Television host Kris Aquino shared some of the lessons she learned following her health scare last week. On August 25, the 44-year-old Aquino was hospitalized after a severe vascular headache caused her blood pressure to shoot up. According to the star of the upcoming “Etiquette for Mistresses” film, she could have suffered a stroke. “My hospitalization last week made me realize that my being a workaholic made me take my health for granted,” Aquino, who also hosts the morning talk show “Kris TV,” wrote on her Instagram account. “I’ve faithfully obeyed my doctors, starting with sleeping at the right time, reducing my daily work load to a manageable 12 hours, having rest days, taking my medicines, and of course healthy eating,” she added. Aquino also assured her followers that her blood pressure has normalized since then, and that she has decided to reward herself by spending time with her two sons, James “Bimby” Yap Jr. and Joshua Aquino. (MNS)
President Benigno S. Aquino III presides over the National Economic and Development Authority (NEDA) Board Meeting at the Aguinaldo State Dining Room of the Malacañan Palace on Friday (September 4). The meeting is to review the Public-Private Partnership projects of the present administration. (MNS photo) MANILA (Mabuhay) – Amid public clamor to simplify the country’s tax system to ease the burden of taxpayers, Malacañang on Saturday said the government will not lower income tax rates, but added that it will not also increase the mandatory 12 percent value-added tax (VAT) on goods and services. Citing Bureau of Internal Revenue Commissioner Kim Henares, Communications Secretary Herminio “Sonny” Coloma said the government will not implement any change in tax rates as it focuses on improving tax collection. “According to Commissioner Henares, government is not proposing higher VAT rates. We are for status quo,” Coloma said. “No change in tax rates, and no new or higher taxes, and also no income tax cuts. Government will just focus on improving collection,” he added. Meanwhile, Rep. Miro Quimbo, chairman of the House committee on ways and means, previously said his committee is set to approve a bill seeking to lower income tax rates in the country next week. Quimbo said those who earn between P500,001 to P10 million annually will have a 17-percent tax rate, while those who earn more than P10 million will shoulder a 30-percent income tax.(MNS)
— Senate President Franklin Drilon opens the 3rd and last Regular Session of the 16th Congress on Monday (July 27, 2015) at the Senate Building in Pasay City. The Senate will hold a joint session with the House of Representatives Monday afternoon to hear the last and 6th State-of-the- Nation Address (SONA) of President Benigno S. Aquino III. (MNS photo) MANILA (Mabuhay) – Senate President Franklin Drilon wants the Liberal Party (LP) to finally pick a vice presidential running mate for its standard-bearer, Interior Secretary Mar Roxas – and leave Senator Grace Poe out of the picture. Drilon, LP’s vice chairman, said he will ask the party’s national executive committee to convene as soon as possible and nominate a vice presidential candidate. “Medyo lumalapit na ang deadline (The deadline is nearing),” Drilon told reporters on Friday, referring to the period for filing candidacy certificates in October. “Siguro tulungan na namin si Secretary Roxas para mabuo ang ticket (Maybe we should help Secretary Roxas to complete our ticket).” As well as selecting a running mate for Roxas, Drilon said he will ask the party to complete its senatorial slate. The LP has been courting Poe, the top presidential candidate in voter preference surveys, to be Roxas’s vice president. Poe has remained cool to the idea, and has yet to make a decision about running for higher office. “In my view, Grace Poe is already a candidate for president,” Drilon said. “The writing is on the wall. She will run.” Asked why Read More …
— Members of Akbayan Youth troop to the Metro Rail Transit (MRT) at the GMA-Kamuning station in Quezon City on Wednesday wearing safety gear such as helmets, knee pads, and elbow pads to dramatize the dangers posed by riding the poorly maintained MRT 3, which is plagued with problems.(MNS photo) MANILA (Mabuhay) – The government will have to compensate the consortium of Ayala Land Inc. and Metro Pacific Investments Corp. for unfulfilled obligations under a concession agreement for the Light Rail Transit Line 1. In an August 7 letter, Transportation Secretary Joseph Emilio Abaya told Budget Secretary Florencio Abad that the Department of Transportation and Communications will likely fail to meet certain obligations under the concession agreement. Bagong Alyansang Makabayan (Bayan), a multi-sectoral alliance, provided copies of the unsigned letter to members of the media on Friday. Abaya asked the Department of Budget and Management (DBM) to charge nearly P7.52 billion to the P30 billion Risk Management Program Fund under the 2015 national budget to cover the unfulfilled commitments. The penalty payment includes P5.41 billion for the government’s failure to comply with obligations relating to the operation and maintenance of the existing LRT-1 system and P106.67 million for failure to increase the minimum fare. “DOTC anticipates that it may not be able to comply with these obligations and may be liable to make payments to LRMC in 2016,” Abaya said. The government, through the DOTC and Light Rail Transit Authority, signed a concession agreement with the Ayala-Metro Pacific consortium, Light Read More …
WASHINGTON, DC – The rising demand for natural and organic products in the United States is creating a growing market for Philippine agricultural products. Nine Philippine companies will be joining the Natural Products Expo East from September 17 to 19, 2015 at the Baltimore Convention Center in Maryland. The trade show is the largest natural, organic, and healthy products event in the US East Coast. The Philippine Department of Agriculture (DA) through the DA-Agribusiness and Marketing Assistance Service (AMAS) organized the following natural product exporters to participate in this event—Brandexports Philippines, Inc., Elemie Naturals Inc., GreenLife Coconut Products Philippines Inc., Nutramedica, Inc., Orich International Traders, Inc., Prime Fruits International, Incorporated, Sweet Pacific Foodfarms Product, Team Asia Corporation, and Tropicana Food Products Inc. A variety of coconut products will be available to the American public such as coconut water, milk, milk powder, flour, cider vinegar, coconut nutraceutical products, desiccated coconut, coconut sugar, organic extra virgin coconut oil, and virgin coconut oil beauty pearls. The coconut is known as the tree of life in the Philippines because of the seemingly endless list of products and by-products derived from all its parts. Other Philippine products to be featured in the trade show are body products made from pili, handcrafted bath soaps, topical scalp products, vinegar, dried mangoes, noodles, juices and fruit juice drinks, camote (sweet potato) and banana chips, condiments, and sauces. Ambassador Jose L. Cuisia, Jr. expressed optimism in the growing share of the Philippines in the natural products market and encouraged US buyers to take advantage of Read More …
Senator Ferdinand ‘Bongbong’ Marcos Jr MANILA (Mabuhay) – Vice President Jejomar Binay remained coy on the issue of his running mate for the 2016 elections, but when asked whether he was considering Senator Bongbong Marcos as his vice president, the former human rights lawyer declared it was time to move on from questions about the Marcos human rights record. Asked whether he was open to having either Senator Marcos or Davao City Mayor Rodrigo Duterte as his candidate for vice-president, Binay said that would have to remain, for now, a “secret”. He did add, however, “kino-consider natin part of the constitution of our selection committee si Senator Bongbong (If ever, we will consider Senator Bongbong as part of the constitution of our selection committee).” In reply to the question of whether he was looking for a commitment to human rights in his running-mate, he said, “Depende ‘yan sa panahon, eh (It depends on the times).” “Pero alam mo, eh … we have to move on (But you know, we have to move on). In fact, I want to reiterate what I have been saying. I want to be known na, under my administration, we have a unifying and healing administration. Enough of this. Let’s move on. So hindi issue ang human rights (So human rights is not an issue). That’s not even applicable. Si Bongbong, iba naman si President Marcos. Tapos na ‘yun (Bongbong and President Marcos are different people. It’s over),” he said. Binay was then asked whether he Read More …

Julia Montes (MNS photo) Actress Julia Montes, the lead star of the afternoon series “Doble Kara,” could not keep a straight face when she was asked on whether former leading man Coco Martin is still courting her. The 20-year-old Montes was asked a series of questions about her “most difficult role yet” and the status of her relationship with Martin. “Mahirap pag ako ang sumagot,” she quipped. Montes was also asked to name the Filipino celebrity she considers as the most handsome. She answered: “Si Coco.” Martin and Montes started being romantically linked when they worked together in the phenomenal ABS-CBN series “Walang Hanggan” in 2012. Martin has since admitted that he finds Montes as “girlfriend material.” (MNS)
The bonds were priced at the minimum coupon rates of 3.625 percent for the 10-year tenor and 4.625 percent for the 25-year paper. MANILA, Philippines – The Philippines has accepted tenders more than double its minimum target for its latest bond exchange transaction, which has resulted in P2.4 billion in government savings in the first year. A total of P237 billion in new 10-year and 25-year bonds were swapped with eligible maturing obligations in an exercise meant to lower the country’s interest payments and lengthen debt payment terms, the Bureau of the Treasury said on Monday. Broken down, a total of P121 billion in 2025 bonds and P142 billion worth of 2040 securities were exchanged with illiquid debts or those no longer traded. The government had set a minimum P50-billion target for each maturity, but total tenders reached as high as P388 billion. The bonds were priced at the minimum coupon rates of 3.625 percent for the 10-year tenor and 4.625 percent for the 25-year paper. “The transaction has helped the Republic achieve its debt management objectives while also providing investors with new benchmark bonds in exchange for illiuid bonds,” Finance Secretary Cesar Purisima was quoted in the statement as saying. “Amid turbulence around the world, the overwhelming response we received from the market is an unequivocal show of strength and stability on the part of the republic,” he added. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Aside from the bond exchange, the Philippines also put on offer Read More …
CEBU CITY — Emerging markets in the Asia-Pacific Region could help drive the global economy in the future although key reforms are needed to achieve this, a private sector advisory council to members of the Asia-Pacific Economic Cooperation (APEC) told the bloc’s Finance Ministers.
THE POWER SUPPLY is expected to sufficient next year, an official of the Department of Energy (DoE) said, adding that Mindanao will also recover from its supply problems by the first half of 2016, though the southern island may also suffer the worst of the El Niño weather phenomenon, an official said.