Business

Joey de Leon is the only one who knows Francis Magalona’s secret.

Joey de Leon is the only one who knows Francis Magalona’s secret.

Following the death of Francis Magalona, often known as the "Master Rapper," fifteen years have passed, and new revelation has surfaced that validates long-standing allegations about his romance with Abegail Rait, a former flight attendant. Abegail revealed the specifics of her connection with Francis on October 17, after remaining silent about it for the previous fifteen years. She said that, in her opinion, the time had come to speak up for her daughter. She underlined the genuineness of their relationship and Francis's love for her and their child in spite of the possibility of public criticism. Following Abegail's disclosure, online…
Read More
13 million PhilHealth subscribers were impacted by a data leak.

13 million PhilHealth subscribers were impacted by a data leak.

Philippines' Manila A minimum of 13 million members of Philippine Health Insurance Corp. (PhilHealth) have been impacted by the cyberattack caused by the ransomware Medusa. Actually, it's in the millions. At first, we can estimate that it includes roughly 13 million records. At a news conference yesterday, Nerissa Santiago, senior vice president and data privacy officer at PhilHealth, stated, "We are just finishing up analysis so we can have the complete information." According to Santiago, information on 600–800 PhilHealth staff has also been compromised. PhilHealth members have not yet been advised that their information has been hacked; however, the staff…
Read More
President Ferdinand Marcos Jr. suspended Guadiz on Monday in reaction to Tumbado’s charges of wrongdoing against the board

President Ferdinand Marcos Jr. suspended Guadiz on Monday in reaction to Tumbado’s charges of wrongdoing against the board

Rejecting accusations of corruption at the LTFRB is Jeff Tumbado, the former executive assistant to Teofilo Guadiz III, the former chair of the Land Transportation Franchising and Regulatory Board. Guadiz was suspended on Monday by President Ferdinand Marcos Jr. in response to Tumbado's accusations of corruption against the board. The Presidential Communications Office said in a statement on Monday that "the President does not tolerate any misconduct in his administration and has instructed the immediate investigation of this matter."
Read More
Dennis Uy resigns as CEO of Dito

Dennis Uy resigns as CEO of Dito

Philippines' Manila On Wednesday, Dito Telecommunity Corp.'s chief executive officer Dennis Uy, a tycoon, announced his resignation. Eric Alberto, president of Dito CME, the Udenna group's information and communications technology division, takes over for him. Uy will continue to lead Dito Telecommunity as its chairman. "Eric's extensive background in senior positions across many decades in the banking and telecom industries will be extremely beneficial in his new position as CEO of Dito Tel. We're still keeping the company on a high-growth trajectory, so his appointment is timely," Uy said in a statement. He continued, "We have further confidence in Dito…
Read More
Over $2 trillion worth of contracts came from China’s Belt and Road initiative – Beijing

Over $2 trillion worth of contracts came from China’s Belt and Road initiative – Beijing

China's Beijing — China declared on Tuesday that contracts worth two trillion dollars, or the amount of some of the largest economies in the world, have been generated by the infrastructure project known as the Belt and Road Initiative. Countries taking part in the program owe the Export-Import Bank of China (Eximbank) more than $300 billion, according to a white paper from China's State Council. One expert argued that this amount was probably underestimated but it still exposes the enormous debts incurred in the global infrastructure initiative. This month, China is celebrating the tenth anniversary of the Belt and Road…
Read More
The privacy commission issues a warning against processing and distributing stolen PhilHealth data.

The privacy commission issues a warning against processing and distributing stolen PhilHealth data.

Philippines' Manila The National Privacy Commission issued a warning to anyone handling and sharing personal information that had been obtained through a breach at the Philippine Health Insurance Corp. (PhilHealth) that they might be prosecuted. The NPC claimed in a statement on Tuesday that private information stolen from PhilHealth was "being shared illicitly." "We wish to underscore the seriousness of this circumstance and the harsh penalties that await anyone who processes, downloads, or disseminates this data without a valid reason or consent," the privacy commission stated. A punishment ranging from P500,000 to P2 million and up to three years in…
Read More
Honda Philippines introduces 50th anniversary limited edition products.

Honda Philippines introduces 50th anniversary limited edition products.

In late September, Honda Philippines Inc. (HPI) commemorated 50 years as the leading motorbike manufacturer in the nation. It launched limited edition products, such as the All-New BeAT with contemporary styling, unmatched performance, and cutting-edge features, during the anniversary celebration. It comes in three variations: the Playful, the Premium, and the 50th Anniversary Limited Edition, which are distinguished by gorgeous colors and distinctive design features. Additionally, Honda unveiled the CLICK125 50th Anniversary Limited Edition, which sports the recognizable Honda Tri-color accents highlighted by fresh decals and more opulent front and body embellishments. The special edition's 18-liter luggage box offers plenty…
Read More
2.21 million Filipinos are unemployed in August.

2.21 million Filipinos are unemployed in August.

According to data released on Friday by the Philippine Statistics Authority (PSA), local employers increased their hiring of Filipinos in August. National Statistician Dennis Mapa stated during a briefing that there were 2.21 million unemployed Filipinos, down from 2.27 million in July. The most recent statistic also equals a 4.4% national unemployment rate. In August, there were 50.29 million people in the work force, up from 46.90 million in July. The number of people who were employed increased to 48 million in August, up from 44.63 million in July, while the number of those who were underemployed or still seeking…
Read More
PSA: September saw an increase in inflation at 6.1 percent.

PSA: September saw an increase in inflation at 6.1 percent.

Philippines city of Manila According to the Philippine Statistics Authority, food prices, especially rice, increased more quickly in September, which led to a second month of inflation acceleration. At a news conference yesterday, National Statistician Dennis Mapa stated that headline inflation—the rate of growth in the average prices of goods and services generally purchased by consumers—was at 6.1 percent in September, which was higher than the 5.3 percent in August. Malacaang guaranteed the "most vulnerable sectors" of ongoing help in response to the most recent inflation statistic. The Presidential Communications Office (PCO) issued a statement saying, "The administration of President…
Read More
A forthcoming film will have Daniel Padilla as the antagonist alongside John Arcilla.

A forthcoming film will have Daniel Padilla as the antagonist alongside John Arcilla.

Philippines' MANILA The Guest, starring Daniel Padilla and John Arcilla, will start shooting at the end of the year, according to the award-winning actor. The 2023 ABS-CBN Ball red carpet was held at the Shangri-La Makati on September 30, and John revealed to the media that Daniel will play the antagonist to his protagonist role. Daniel Padilla and I will probably start filming a movie at the end of the year, he said. They referred to it as "a mind f'ck film." View this post on Instagram A post shared by Daniel Ford (@supremo_dp) John also hinted that this would…
Read More