MANILA, Philippines — The proposed Maharlika Wealth Fund (MWF) does not have enough safeguards to protect it from possible abuse and loss of capital, an ex-lawmaker said as a warning to the public and his former colleagues in Congress.

MANILA  – The Philippine economy is expected to lose momentum in 2023 with the pace of expansion set to slow to 5.7 percent as soaring inflation and higher interest rates crimp domestic demand, the World Bank said on Tuesday.

MANILA, Philippines — A progressive group is seeing no problem with the proposed sovereign wealth fund (SWF) or Maharlika Investment Fund if the money for it would come from a wealth tax and not from income generated by state-owned insurers.

Shamaine Buencamino fondly reminisced on how she and husband, actor Nonie Buencamino welcomed their late daughter Julia into the world, on what would have been her 23rd birthday.

COLOMBO – The World Bank has approved crisis-hit Sri Lanka’s request to access concessional financing from the International Development Association so as to help stabilise its economy, the lender said on Tuesday.

BEIJING — Chinese President Xi Jinping paid tribute to former leader Jiang Zemin on Tuesday for ensuring the Communist Party’s survival from “political storms” and reforming it to inject new vitality and modernize the country’s economy.

Philippines top stories on politics, legislation, environment and government policies as well as updates from around the globe.

MANILA, Philippines — The Government Service Insurance System (GSIS) on Tuesday gave assurance that there will be transparency in the proposed Maharlika Investment Fund (MIF) and that investments that will be made through it would be protected.

Philippines top stories on politics, legislation, environment and government policies as well as updates from around the globe.

TUGUEGARAO CITY — Mayor Samuel Siddayao of Gattaran town in Cagayan province suspended in-person classes in a high school after 154 students and teachers displayed symptoms of COVID-19.

Korean female pop icons Jisoo, Jennie, Rosé, and Lisa — collectively known as Blackpink — have emerged as global music superstars after Time Magazine named the quartet as “Entertainer of the Year” for 2022.

As a boy in the 1960s, David Wagner would run around his family’s Missouri farm with a glass jar clutched in his hand, scooping flickering fireflies out of the sky.

MANILA, Philippines — The success of any proposal to create a sovereign wealth fund (SWF) relies heavily on proper management of the investment corporation handling it, former president and now Senior Deputy Speaker Gloria Macapagal Arroyo said.

Jalen Green and Kevin Porter Jr. combined for 51 points as the Houston Rockets extended their homecourt winning streak to three games with a 132-123 double-overtime victory over the Philadelphia 76ers on Monday.

Foreign net monthly inflows into Asian equities hit a two-year high in November on hopes that the U.S. Federal Reserve could cut the pace of its interest rate hikes.

Andrew Nembhard continued a memorable California swing with a personal eight-point flurry as part of a late 13-2 burst that allowed the road-weary Indiana Pacers to shock the Golden State Warriors 112-104 in San Francisco on Monday night.

Vice Ganda can’t help but gush about his partner Ion Perez after the latter finished eighth place in his first duathlon race. The comedian shared photos and a video of Perez participating in the 2022 National Duathlon Championships in New Clark City, Tarlac…

Carla Abellana and Kris Bernal made sure that the holidays will be made special for some animals as well, as they went caroling for a fundraiser to help feed stray cats and dogs.

MANILA, Philippines – Colegio San Agustin (CSA) Makati on Tuesday said it has launched an investigation into the “fighting incident” among two ninth grade students in the boys’ comfort room.

JAKARTA — Indonesia’s new criminal code ushers in a raft of new laws, including banning sex outside of marriage, insulting the president, and expressing any view that runs counter to state ideology.