MANILA, June 20 (Mabuhay) — President Benigno S. Aquino III is unfazed by the resignation of Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) Administrator Nathaniel Servando, saying the Philippines has a wealth of personnel and resources it could easily tap to fill the needs of the State weather agency. In an interview, the President […]
KINGSTON, Jamaica—The Philippines is looking forward to strengthening its relations with the Caribbean island-state of Jamaica by opening new doors for increased trade and cooperation. Ambassador Jose L. Cuisia Jr. conveyed President Aquino’s strong desire to further improve relations with Jamaica when he formally presented his credentials as Manila’s non-resident ambassador to Governor General Patrick […]
MANILA, June 15 (Mabuhay) — James Yap Jr. or Bimby, youngest son of President Aquino’s sister Kris Aquino, also wants to be president someday. Bimby said he will follow in the footsteps of his uncle, President Benigno “Noynoy” Auqino III. “Mama, I’m the next president,” Bimby told his mom Kris, who said: “OK why not?” […]
MANILA (Mabuhay) — President Benigno S. Aquino III has signed a law declaring the province of Kalinga in the Cordillera Region as a Tourism Development Area (TDA) in a bid to boost the country’s tourism industry. The Chief Executive signed on May 17 Republic Act No. 10561 otherwise known as the “An Act Declaring the […]
MANILA (Mabuhay) – Customs Commissioner Ruffy Biazon welcomes the possible appointment of Senator Ping Lacson in an anti-smuggling task force. “We would welcome any help, especially from a person like Senator Lacson who has a proven track record in law enforcement,” he said. President Aquino earlier said he has offered Cabinet posts to both Lacson […]
MANILA, Philippines – The government should hold the implementation of higher paid up capital for insurers by the end of this month and just await the passage of a new law, non-life insurers said. “Once (the) new code is signed by President Aquino, the existing Department of Finance Order 2007-06 outlining the capitalization level becomes moot and academic,” said Emmanuel Que, chairman of the Philippine Insurers and Reinsurers Association (PIRA). “We will appeal to the Insurance Commission (IC) to extend the deadline in consideration of this development,” he added. PIRA is the umbrella group for non-life insurers and reinsurers. Finance and insurance officials could not be immediately reached for comment. According to the 2006 order, insurance companies should hike their minimum paid up capital to P250 million from P175 million by this year. The capitalization should be formalized on paper by June 30. Any company that fails to meet the requirement will not be issued a license to operate by the Insurance Commission. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Industry sources said that 19 of the 84 licensed non-life companies have yet to comply with the P250-million minimum capital requirement. However, as the Finance department pursues its order, amendments to the 1974 Insurance Code of the Philippines have passed the bicameral conference committee and will simply need Aquino’s signature to take effect. Que said it would be prudent for the government to wait as there are conflicting provisions between the new code and the department order. Among Read More …
MANILA, June 12 (Mabuhay) – President Benigno S. Aquino III offered toasts to the international community, government workers, overseas Filipino workers and to the continued success of the Filipino people during the traditional vin d’honneur commemorating the 115th Anniversary of Philippine Independence in Malacanang on Wednesday. To the international community, the President wished for the sustained […]
MANILA, June 12 (Mabuhay) – President Benigno S. Aquino III vowed on Wednesday that his administration will protect our sovereignty and territorial integrity and freedom of Filipino citizens at all times. In his speech during the celebration of the 115th Anniversary of the Proclamation of Philippine Independence at the Liwasang Bonifacio on P. Burgos St., Manila, […]
MANILA (Mabuhay) — President Benigno S. Aquino III has signed a new law declaring December of every year as “Anti-Corruption Month” in the entire country in a bid to create awareness among the Filipino people on the adverse effects of corruption. Deputy Presidential Spokesperson Abigail Valte said during the regular press briefing in Malacanang on […]
President Benigno Aquino III has appointed retired Navy Flag Officer in Command Alexander Pama as undersecretary under the Office of the Executive Secretary, Malacañang announced Friday. But while his official designation is undersecretary under the Executive Secretary, reliable sources said Pama will head the National Coast Watch Council, an inter-agency body created by President Aquino in 2011. Based on information made available to reporters, Aquino signed Pama’s appointment papers on May 31. Prior to his appointment, Pama, a member of the Philippine Military Academy Class of 1979, served as Navy chief until his retirement on Dec. 21 last year. He was replaced by current head of the Navy Vice Admiral Jose Luis Alano. Not the first Pama is not the first retired military or police officer to be appointment to a civilian post by President Aquino. Others before Pama were former military chief Eduardo Oban Jr., who was appointed Department of Transportation and Communications undersecretary in Nov. 2012 and Ricardo David Jr., another former military chief, who was named Immigration chief in March 2011. Retired general Nestor Ochoa, who once served as acting chief of staff, is currently Philippine envoy to Brunei Darussalam. He was appointed by Aquino in April 2011. Retired Vice Admiral Ferdinand Golez, who was the 30th flag-officer-in-command of the Philippine Navy, was also appointed director of the Bases Conversion and Development Authority (BCDA) in May 2012. Another retired military officer, Lt. Gen. Gaudencio Pangilinan, previously headed the Bureau of Corrections following his appointment in July 2011. Read More …