KUWTT: Marcos closes nomination posts | July 2, 2022
Have a good day. Here are articles for The Manila Times from Saturday, July 2, 2022.
READ: Marcos closes nomination posts
PRESIDENT Ferdinand “Bongbong” Marcos Jr. declared all government positions vacant with presidential appointments “to ensure the continued and efficient delivery of government services.” Through Executive Secretary Victor Rodriguez, Marcos issued Circular Memorandum (MC) 1 “declaring certain positions vacant in departments, offices, agencies, and offices of the Executive Department and setting forth the rules.” Under the order, positions of presidential appointees whose appointments are classified as co-terminus, those in positions created beyond the authorized staffing pattern, all career-less executive service (CESO) serving in career executive service (CES) and contract positions and/or casual employees were deemed vacant as of June 30.
READ: Agri’s key role in reviving the economy
AGRICULTURE will play a major role in the Marcos administration’s economic recovery efforts, Go Negosyo founder Jose Ma said Friday. Many micro, small and medium-sized enterprises (MSMEs) are still trying to recoup their losses from the coronavirus pandemic, and Concepcion said the agricultural sector can help them stay afloat. With President Ferdinand “Bongbong” Marcos Jr. temporarily taking over as head of the Department of Agriculture (DA), MSMEs, especially those who have taken out new loans to refinance their operations, should see better days, he said. -he declares.
READ: A veteran diplomat to head the foreign affairs department
PRESIDENT Ferdinand “Bongbong” Marcos Jr. has appointed career diplomat Enrique Manalo as the new Secretary of the Department of Foreign Affairs (FDFA). Manalo’s appointment was confirmed Friday by Presidential Communications Operations Office (PCOO) Secretary Rose Beatrix Cruz-Angeles in a text message. Manalo, the former permanent representative of the Philippines to the United Nations (UN), traveled from New York to be sworn in before Marcos in Malacanang on Friday. He asked the president “for a few days to liquidate the affairs of his previous position” at the UN before assuming his duties as foreign affairs chief, Cruz-Angeles said. Manalo, 69, replaces Teodoro Locsin Jr. His foreign service career spans nearly four decades, having joined the DFA in 1979.
READ: Government debt falls to P12.50T
Outstanding government debt fell from P267.41 trillion to P12.50 trillion at the end of May, the Bureau of Treasury (BTr) reported on Friday. The bureau attributed the decline to the repayment of provisional advances from the Bangko Sentral ng Pilipinas (BSP). Domestic bonds accounted for 69.3% of total debt. Local debt fell by 3% to 8,660 billion pesos from 8,930 billion pesos at the end of April, BTr said, due to the “reimbursement of 300 billion pesos to the BSP which was partially tempered by the issuance net of public securities”. Domestic debt has increased by 495.04 billion pesos, or 6.1 percent, since the end of 2021. The bureau also said the country’s external debt increased by 0.1 percent, from 3. 82 trillion pesos to 3.83 trillion pesos, due to “the impact of fluctuations in local and foreign currencies against the USD (United States dollar) amounting to 5.63 billion pesos and an additional 9.41 billion pesos, respectively.”
READ: Six out of 10 Pinoys favor nuclear power – PUBLiCUS
NEARLY six in 10 Filipinos, or 59%, support the construction of a nuclear power plant in the country, according to the latest results of the Pahayag survey conducted by pollster PUBLiCUS Asia. In the same survey conducted from June 16 to 22, only 22 percent of respondents said they either disapproved or strongly disapproved of the construction of the nuclear power plant. This is the third highest total disapproval rating among the 14 issues tested in the online survey. Other issues strongly disapproved by respondents include the construction of more coal-fired power plants in the country with 26% disapproval, and the accreditation of bloggers and vloggers in Malacañang with 24%. Only 47% approve or strongly approve of the construction of new coal-fired power plants in the country. According to the lawyer for PUBLiCUS’s executive director, Aureli Sinuat, the figures from the survey suggest that proposals to add nuclear power to the country’s energy mix could enjoy considerable support.
READ: Robredo launches volunteer group
LAWYER Maria Leonor “Leni” Robredo launched her group of volunteers on Friday a day after leaving her post as vice president of the country. The group, which was known as Angat Buhay when she was vice president, is now called Angat Pinas and aims to bring together individuals and groups from the public and private sectors to help families in cities. the most remote and poorest in the country. . Angat Pinas will initially raise funds by selling more than 900 works of art that Robredo received as gifts during the 2022 presidential campaign. Donors can also make contributions of between P1,000 and P20,000 using the Angat app Buhay. At the launch, Robredo introduced former Quezon City representative Jose Christopher “Kit” Belmonte, Rafael Lopa, Joanne Baylon, Gary David, and Judith Azarcon among Angat Pinas board members.
BUSINESS: analysts note a fall in the peso
On the business side, analysts see the Philippine Peso (PHP) continuing to decline in the near future as it fell back to P55 at the US Dollar (USD) level on Friday. The local currency fell 11 centavos from the previous day’s closing value of 54.97 PPP to end at 55.09 PPP:$1 on Friday. As the number of new Covid-19 cases and the positivity rate in the Philippines rise, MUFG Bank currency analyst Sophia Ng said a potential tightening of mobility restrictions should put further downward pressure on the peso. The P56.50:$1 level could be tested, said Craig Chan, head of global currency strategy at Nomura, who forecast the dollar-peso exchange rate will likely hit new highs in the next one to two months. . Chan said it’s very clear from the central bank’s commentary that a more flexible regime will be allowed for forex. He added that the Philippines’ negative balance of payments and the continued rise in demand for foreign currency deposits are two other worrying factors. For his part, Mike Enriquez, president and chief investment officer of Sun Life Investment Management and Trust Corp., pointed out that the weakening of the peso is actually the result of the strength of the dollar and not of the country’s overall economic situation.
SPORTS: Favorite San Miguel over NorthPort
In sports, San Miguel is looking to solidify its lead as NLEX looks to end a losing streak as the PBA Philippine Cup resumes today, July 2, at Smart Araneta Coliseum. By winning five of their six games, the Beermen will have a chance to virtually secure a playoff spot when they take on NorthPort Batang Pier at 5:15 p.m. just before the Road Warriors vs. Magnolia Timplados game at 7:15 p.m. The battle between the Beermen and the Batang Pier will be a match of two teams taking different paths. San Miguel is currently the No. 1 team in the tournament while NorthPort is a slippery side desperate for a win to hold on to in the hunt for the quarterfinals.
READ: Opinion and editorial
Antonio Contreras and Danton Remoto are the front-page columnists today. Contreras discusses the reform of the party list system, while Remoto speaks of “memory fiction”.
Today’s editorial discusses how the newly invested Marcos government can recover a “lost” transportation solution. Read a full version in the opinion section of the newspaper or listen to the voice of the times.
For more news and information, get a copy of The Manila Times on paper, subscribe to his digital edition or log on to www.manilatimes.net. follow us on Twitter, Facebook Where instagram and Track times.
This is the report by EJ Gomez.