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PBBM makes investment pitch Frames PH liberal business policy in speech at NY Stock Exchange
VOL. XXXVI • NO. 218 • 3 SECTIONS 12 PAGES • P20 • WEDNESDAY, SEPTEMBER 21, 2022 • www.manilastandard.net • mst.daydesk@gmail.com
By Vito Barcelo, Vince Lopez and Maricel Cruz
P
RESIDENT Ferdinand Marcos Jr. brought a message of optimism to the world’s largest stock exchange Tuesday—with an assurance that more American investments would be welcome in the Philippines, which recently enacted policies to further liberalize the economy.
Before the President rang the closing bell at the New York Stock Exchange (NYSE) Monday (Tuesday, Sept. 20, Manila time), its vicechairman, John Tuttle, said Mr. Marcos’ presence provided a “renewed sense of optimism” about investment prospects and partnership opportunities in the Philippines. Next page
INVESTMENT PUSH. President Ferdinand Marcos Jr. rings the closing bell at the New York Stock Exchange. With him are (from left) House Speaker Ferdinand Martin Romualdez, Trade Sec. Alfredo Pascual, First Lady Liza Araneta-Marcos, House Senior Deputy Majority Leader Rep. Sandro Marcos, NYSE Vice Chairman and Chief Commercial Officer John Tuttle, Finance Sec. Benjamin Diokno, and PSAC Convenor and Aboitiz Group CEO Sabin Aboitiz. Inset photo shows Mr. Marcos in a one-on-one interview with Tuttle.
Deportation of POGO workers set, DOJ chief to meet China envoy By Macon Ramos-Araneta
JUSTICE Secretary Jesus Crispin Remulla on Tuesday said he will meet with the Chinese Ambassador to the Philippines regarding the deportation of employees of Philippine Offshore Gaming Operators
(POGOs) that are not licensed. During a budget hearing Tuesday, Remulla said there were 216 previously licensed POGO companies that have stopped paying their dues. Remulla estimated that around 40,000 employees of the POGO companies may
be staying in the Philippines illegally. He said China had protocols that needed to be followed before accepting the deportees, and that he would be meeting the Chinese ambassador to ensure that these rules were followed. Several foreigners who were rescued
during operations against unlawful POGOs in Luzon are set to be deported, the Bureau of Immigration (BI) said Tuesday. Forty-one foreign nationals who were rescued in Angeles, Pampanga over the weekend are currently at Next page
HOUSE OKS DELAY OF BRGY, SK POLLS
No more free bus rides from 11 pm to 3 am
By Willie Casas
Next page
WORLD / B2
NEWS / A4
DOH eyes relaxed border restrictions for foreign travelers THE Department of Health (DOH) is studying the possibility of recommending further easing of border restrictions due to COVID-19 for foreign travelers who wish to travel in the Philippines, an official said Tuesday. In a press briefing Tuesday, DOH officer-incharge Undersecretary Maria Rosario Vergeire said the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) would discuss the President’s directive to further open up the economy and relax border restrictions. At the same time, Vergeire said the Philippines has recorded an average of only three
‘1 DYING OF HUNGER EVERY 4 SECONDS’
By Rio N. Araja
COVID SITUATIONER. This photo taken on September 16, 2022 shows a nurse treating a COVID-19 patient inside an intensive care unit at a hospital in Manila. AFP
THE Land Transportation Franchising and Regulatory Board has allowed the collection of bus fare at the EDSA Bus Carousel from 11 p.m. to 3 a.m. daily. The government could no longer give free rides on the EDSA Bus Carousel for 24 hours, thus allowing the fare box system, the LTFRB said, adding there were fewer buses plying the route. But the agency said it would issue a new order to ensure the carousel’s continuous operation, so commuters Next page
DSWD, PAO unite in filing charges 50k Grades 1-3 vs. fathers neglecting child support pupils in NCR THE Public Attorney’s Office and the Department of Social Welfare and Development have joined forces to go after negligent fathers who refuse to give support to their children. PAO chief Persida Acosta and DSWD
Secretary Erwin Tulfo on Monday signed a memorandum of agreement to assist neglected or abandoned children of men with estranged wives, partners, and even girlfriends. Next page
Peso at new low: P57.48 vs. $1 HABAGAT’S WAKE. Pupils from the Andres Bonifacio School in Pasay City wait for their
parents and guardians to fetch them following the cancellation of classes due to intermittent rains brought by the southwest monsoon on Tuesday, September 20, 2022. Danny Pata
THE Philippine peso sank to yet an- pines showed. other all-time low against the US The peso weakened to a low of dollar, closing at P57.48 versus the P57.50 in intraday trading, BAP data greenback on Tuesday, data from the showed. The peso closed at P57.43 to a Bankers Association of the PhilipNext page
can hardly read
ALMOST 50,000 students from Grades 1 to 3 in Metro Manila find it hard to read, a survey and assessment the Department of Education made in the National Capital Region revealed. According to the survey the DepEdNCR presented on Tuesday, 49,636 learners are classified as needing a “total full refresher” out of over 384,000 students from Grades 1 to 3 that took the comprehensive rapid literary assessment test before the current school year. Next page