Economy

Philippines ready to act on adverse effects of strong peso

MANILA — Mitigating measures to help exporters and families of Overseas Filipino Workers (OFWs) cope with the adverse effects of the strong peso are now in place, according to Malacanang.

Executive Secretary Eduardo Ermita said in his weekly press briefing this afternoon that while the government and the Bangko Sentral ng Pilipinas (BSP) will not interfere and let the market determine the exchange rate, it is ready to act to prevent changes that are too fast.
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Philippines directs probe of health-insurance scandal

MANILA — Malacanang has ordered the Department of Health (DoH) to look into allegations that the government?s Philippine Health Insurance Corporation (Philhealth) program might have been “taken advantage of,” leading to its P4-billion loss since 1995.
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Davao City promotes breastfeeding

By Rose Palacio

City Health Officer Dr. Josephine Villafuerte said the city government, as instructed by Mayor Rodrigo R. Duterte, has been monitoring nutrition implementation in all district of Davao and promotes breastfeeding as a vital component of the President?s hunger mitigation program.
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Tuition hike blamed on ‘grand conspiracy’ between Arroyo, private schools

According to Kabataan partylist, CHED granted the tuition increase even before consultations in schools for such an increase has yet to be completed. It said the hike came after a meeting between President Arroyo and COCOPEA, the organization of private schools. The CHED's "unilateral and shameless act shows the commission's subservience and capitulation to strong pressure from school owners even at the expense of students."

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