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Prosecutors requested that Lukas pay Rp 47 billion in restitution to the state within one month after his verdict becomes final and binding.

Finance Secretary Benjamin Diokno MANILA - Finance Secretary Benjamin Diokno said President Ferdinand "Bongbong" Marcos Jr. will continue pursuing a whole-of-nation approach in mitigating climate risks, as the Philippines commits to be at the forefront of global climate action. "The Philippines is one of the countries at highest risk for climate-related disasters. We are thus determined to be a world leader in this fight against the crisis," Diokno said at the G20 high-level breakfast discussion on climate change mitigation held last Saturday. The G20 or Group of Twenty is ...

MANILA - The rate of seven-year Treasury bond (T-bond) rose on Tuesday partly on expectations for further hikes in the Federal Reserve's key rates, resulting in the partial award for the debt paper. The average rate of the paper increased to 5.601 percent from 4.689 percent previously. The BTr offered the T-bond for PHP35 billion and tenders reached PHP40.599 billion. The auction committee accepted PHP15.699 billion. "Market remains defensive with (Federal Reserve Chairman Jerome) Powell turning aggressive as he indicated 50 bps (basis points) rate hikes in next FOMC (Federal Open Mar...

South Korea's industrial output logged the fastest fall in one and a half years last month due to the Covid-19 pandemic, statistical office data showed on Tuesday.