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8 OFWs from Iran to come home

Overseas Filipino workers (OFWs) are seen at the Ninoy Aquino International Airport Terminal 3. — PHILIPPINE STAR/WALTER BOLLOZOS

THE PHILIPPINE government is preparing for the repatriation of eight overseas Filipino workers (OFWs) from Iran as conflict with Israel continues, President Ferdinand R. Marcos, Jr., said on Monday.

In a video statement, Mr. Marcos said the Philippine Embassy in Tehran is preparing for the initial batch of repatriates as the government raised the alert to the two nations to level 3.

In total, Philippine embassies in Israel and Iran are processing more than 200 repatriation requests, he added.

In a separate bulletin, the Philippine Embassy in Israel noted that 50 OFWs have been confirmed for its next batch of repatriation.

Repatriated Filipinos will receive P150,000 in cash, accommodation, transportation, and livelihood assistance.

The Migrant Workers Office in Tel Aviv is housing some OFWs, while the government distributed food packs and financial aid.

“I urge our fellow Filipinos to coordinate with our embassies in Tel Aviv and in Tehran,” Mr. Marcos said. “Please follow their guidance, inform them of your situation, and do not hesitate to ask for assistance.”

OFWs from Israel are set to arrive in Manila this Tuesday, accompanied by Migrant Workers Secretary Hans Leo J. Cacdac.

The Department of Foreign Affairs on June 21 raised the crisis alert level in Israel and Iran to Alert Level 3, calling for the voluntary repatriation of Filipinos. More than 30,000 Filipinos living in Israel, while there are more than 1,000 in Iran.

LOW WAGES, HIGH PRICES
Returning OFWs from Israel and Iran may still face low wages and rising prices of goods as they return to the Philippines, a labor group said on Monday, amid the ongoing conflict between the two countries.

“Over 200 OFWs have requested return from Iran and Israel following the Department of Foreign Affairs’ decision to raise the situation to Alert Level 3,” labor group Partido Manggagawa (PM) said. “Yet as they return, they face an economy plagued by low wages and rising prices”

Israel launched surprise air attacks against Iran early this month, targeting key nuclear and ballistic missile facilities as well as senior military leaders, in what it described as an effort to cripple Tehran’s ability to develop nuclear weapons.

Washington joined Israel’s military campaign against Iran on Sunday, launching airstrikes on key nuclear sites well ahead of President Donald J. Trump’s two-week timeline to decide on US involvement.

The group also warned that the continued conflict between the two middle eastern countries may lead the reduction of remittances, and further oil price hikes.

“This war is not just a distant conflict — it’s a crisis that reaches our dinner tables. As war rages on, fuel prices spike, remittances decline, and working families suffer the consequences,” PM spokesperson Lawrence Cusipag said.

The group called for guaranteed decent jobs and reintegration support for returning OFWs and an end to the US and Israel’s missile strikes in Iran. — Chloe Mari A. Hufana and Adrian H. Halili

VP removal needed for graft case

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THE OMBUDSMAN cannot pursue a corruption case against Vice-President (VP) Sara Duterte-Carpio unless she is first removed from office, a congressman said on Monday.

The anti-graft body’s charter prevents it from filing a case against Ms. Duterte, Manila Rep. Joel R. Chua told a media briefing.

“The President has immunity. But as far as I know, under the Ombudsman’s charter, they can investigate anyone except impeachable officers,” he said in Filipino. “That means you have to be impeached first before any case can be filed.”

Section 21 of Republic Act No. 6770 states that the anti-graft body holds disciplinary authority over all government officials, except those who may be removed by impeachment. Under the 1987 Constitution, the President, Vice President, Supreme Court Justices and officials of constitutional bodies are subject to impeachment

Ms. Duterte is expected to face an impeachment trial in late July after congressmen impeached her in February due to allegations of budget anomalies to amassing unusual wealth and threatening the lives of President Ferdinand R. Marcos, Jr., his wife and the Speaker.

“Since the Vice-President is an impeachable officer, the Ombudsman should allow the impeachment process to proceed first before initiating a criminal investigation,” Ephraim B. Cortez, president of the National Union of Peoples’ Lawyers, said in a Viber message.

The anti-graft body can only investigate for the sake of filing an impeachment case against impeachable officers still in office, said former Supreme Court Justice Antonio T. Carpio.

“The Ombudsman will investigate only for the purpose of filing an impeachment complaint,” he said in a Viber message.

Mr. Chua said Ms. Duterte cannot be charged with criminal cases due to a 2005 Supreme Court decision, which cited a 1995 disbarment case against an Ombudsman that required impeachable officers to be terminated first before being held to answer criminally or administratively.

The case cited by the congressman is not applicable to Ms. Duterte’s situation, said Michael Henry Ll. Yusingco, a senior research fellow at the Ateneo de Manila University Policy Center, noting that the circumstances surrounding the mentioned cases do not contain elements that would compromise her eligibility to remain in office.

“A disbarment case just cannot precede an impeachment case because it will lead to an unconstitutional scenario,” he said, noting that a disbarment will in effect remove the Ombudsman from office.

“Only a lawyer can be an Ombudsman. If he is disbarred, then he can no longer assume the office.”

In the Vice President’s case, however, Mr, Yusingco argued that Ms. Duterte can still be charged with cases by the anti-graft body as an indictment does not jeopardize her holding of the office.

“A criminal indictment can be filed against her, and she can be detained or imprisoned. But removal from office is not part of the consequences of a criminal case,” he said.

“On the other hand, an impeachment case doesn’t involve any criminal liability. Therefore, a criminal indictment and an impeachment trial can proceed simultaneously.” — Kenneth Christiane L. Basilio

Group wants oil taxes suspended

FUEL PUMPS are seen at a gasoline station in Paco, Manila, Feb. 22, 2025. — PHILIPPINE STAR/NOEL B. PABALATE

A POLITICAL group on Monday urged President Ferdinand R. Marcos, Jr. to swiftly suspend excise and value-added taxes on petroleum products amid a conflict in the Middle East.

The Philippines should not wait for global oil prices to hit $80 per barrel before suspending petroleum duties, former Party-list Rep. Carlos Isagani T. Zarate said in a statement.

“The suspension of excise and value-added taxes on petroleum products is now necessary, as there is no other way to protect consumers while Congress is out of session,” he said in Filipino.

A 2017 law previously allowed the government to suspend the collection of excise tax on petroleum products when world oil prices reach $80 per barrel for three months, but the provision lapsed five years ago.

“The government has the executive power to suspend these burdensome taxes immediately,” Mr. Zarate said. “We cannot afford to wait for legislative action when our people are already suffering from rising prices of basic commodities.”

Rising global oil prices could stoke inflation, Albay Rep. Jose Ma. Clemente S. Salceda said in a separate statement.

“When oil gets more expensive and the peso is weak, it costs more to import fuel,” he said late Sunday. “Every $10 increase in oil prices could raise inflation in the Philippines by as much as 0.5% for poor households.” — Kenneth Christiane L. Basilio

DoE unveils guidebook for offshore wind energy projects

STOCK PHOTO | Image by Insung Yoon from Unsplash

THE Department of Energy (DoE) has unveiled a guidebook that will serve as a roadmap to help developers and government agencies navigate several permits required to put up an offshore wind project in the Philippines.

While the country holds a vast offshore wind potential, the permitting process remains a challenge for investors and developers.

“This guidebook is a game-changer,” Energy Officer-in-Charge Sharon S. Garin said in a statement on Monday. “It transforms a complicated process into one that is streamlined, more transparent, and easier to follow for both government and investors.”

The agency said that the guidebook outlines the full project cycle, from early site assessments and feasibility studies to construction, operation, and decommissioning.

Each step is matched with the appropriate regulatory requirements and timelines, allowing for better coordination and predictability.

The guidebook also highlights the roles of agencies such as the Department of Environment and Natural Resources, Maritime Industry Authority, Department of Transportation, National Mapping and Resource Information Authority, Philippine Coast Guard, and the National Commission on Indigenous Peoples.

With the launch of the guidebook, the DoE expects the compendium to reduce processing times, cut red tape, and improve investor confidence, all while “ensuring that social and ecological protections remain in place.”

“We fast-track processes, but never at the expense of environmental and community safeguards. The compendium ensures that good governance and clean energy go hand-in-hand,” said Energy Undersecretary Rowena Cristina L. Guevara. — Sheldeen Joy Talavera

House to back bill restoring NFA’s powers

PHILIPPINE STAR/MIGUEL DE GUZMAN

THE House of Representatives will swiftly act on a proposal to restore the National Food Authority’s (NFA) market regulatory powers once it is transmitted to the chamber, Speaker Ferdinand Martin G. Romualdez said on Monday.

“This NFA revamp bill is one way to lower food prices, empower farmers and protect our consumers,” he said in a statement.

The Agriculture department last week said it is finalizing a draft bill that aims to restore the NFA’s market regulatory powers, such as allowing it again to manage buffer stocks and regulate rice marketing.

The measure also seeks to provide the NFA the power to set floor prices for palay, it added.

Mr. Romualdez said the measure would allow the NFA to “directly intervene” in the rice market by purchasing palay from farmers and releasing buffer stocks during natural disasters, hoarding incidents or suspected market manipulation.

“These are reforms for and within the NFA to benefit both farmers and consumers,” he said, adding that efforts to empower the food agency would include transparency and good governance provisions.

“We’ve learned lessons from the past, and we will ensure that the shortcomings of the NFA are not repeated,” said Mr. Romualdez. — Kenneth Christiane L. Basilio

Marilao northbound now completely passable, says NLEX

PHILIPPINE STAR/MICHAEL VARCAS

THE North Luzon Expressway (NLEX) Corp. said on Monday that it has finished the major structural repairs on the Marilao Bridge after it sustained significant damage due to a truck violating regulations.

After the completion of repairs as of Monday midnight, all four lanes of the NLEX Marilao Northbound have since been passable to motorists, the company said in a statement.

“Rest assured, NLEX is committed to improving safety and traffic management across key areas of the expressway to ensure the safety and convenience of our valued customers,” the company said.

A trailer container truck struck the bridge girder as it passed northbound, resulting in one fatality and six injured.

Transportation Secretary Vivencio B. Dizon earlier directed the suspension of toll collection in the affected segment in Marilao area should there be sustained heavy traffic.

NLEX is a unit of Metro Pacific Tollways Corp., which in turn, is the tollways unit of Metro Pacific Investments Corp., one of three key Philippine units of Hong Kong-based First Pacific Co. Ltd., the others being Philex Mining Corp. and PLDT Inc.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld through the Philippine Star Group, which it controls. — Sheldeen Joy Talavera

Ilocos Norte gets P100-M sports institute grant

Casino Filipino Ilocos Norte Branch Manager Danilo Tejano (3rd from right) formally handed over PAGCOR’s P100-million grant to Senior Board Member Rafael Medina (2nd from left) who represented Governor Matthew Manotoc. Also in the photo are employees of Casino Filipino Ilocos Norte.

THE Philippine Amusement and Gaming Corporation (PAGCOR) has awarded the Ilocos Norte provincial government a P100-million grant for the development of a sports institute and research facility.

The grant will partially fund the Ilocos Norte Sports Institute and Research (INSPIRE) Training Development Center and Dormitory, a flagship project costing P400 million.

“This project will not only uplift our athletes but will also inspire future generations and strengthen Ilocos Norte’s capacity to craft sustainable world-class sports programs,” PAGCOR Chairman and Chief Executive Officer Alejandro H. Tengco said in a statement on Monday.

The project also aims to help discover homegrown athletic talent and advance sports development in the Ilocos region. — CAT

P13-M drugs seized in Marawi operation

COTABATO CITY — Anti-narcotics agents confiscated P13 million worth of crystal meth (shabu) from a dealer entrapped with the help of local officials in Barangay Bangolo in Marawi City, Lanao del Sur on Sunday.

The 21-year-old male suspect is now in the custody of the Philippine Drug Enforcement Agency-Bangsamoro Autonomous Region in Muslim Mindanao (PDEA-BARMM).

Gil Cesario P. Castro, director of PDEA-BARMM, told reporters on Monday, that the suspect was immediately detained by their agents and personnel of different police units under the Police Regional Office-Bangsamoro Autonomous Region after he sold two kilos of shabu, costing P13 million, during a tradeoff in Barangay Bangolo in Marawi City.

Mr. Castro said the Marawi City police force, Lanao del Sur Gov. Mamintal A. Adiong, Jr., the Lanao del Sur Provincial Police Office and the Army’s 103rd Infantry Brigade supported the entrapment operation that resulted in his arrest.

Mr. Castro said they are to prosecute the suspect for violation of the Comprehensive Dangerous Drugs Act of 2002 using the P13 million worth of shabu confiscated from him as evidence.

He said they are grateful to Maranao political and traditional leaders for providing them information pertaining to the suspect’s shabu peddling activities, enabling them to entrap him promptly. — John Felix M. Unson

PSEi sinks to two-month low on Mideast conflict

BW FILE PHOTO

PHILIPPINE SHARES dropped further on Monday, dragging the main index to a two-month low, due to worsening conflict in the Middle East after the United States attacked Iran over the weekend.

The bellwether Philippine Stock Exchange index (PSEi) sank by 1.91% or 121.49 points to close at 6,218.28, while the broader all shares index went down by 1.43% or 54 points to 3,706.56.

This was the PSEi’s lowest close in nearly two months or since its 6,158.48 finish on April 24.

“The local market dropped as investors reacted to the escalation of the Israel-Iran conflict upon the involvement of the United States,” Philstocks Financial Inc. Research Manager Japhet Louis O. Tantiangco said in a Viber message. “Investors dealt with the economic repercussions of the escalation, including the outlook of higher oil prices and the depreciation of the peso. This comes amid Iran’s plan of blocking the Strait of Hormuz where a significant amount of oil shipments go through.”

“Philippine shares were sold down on Monday back to 6,200 level, tracking the broader market, as Middle East tensions continued with US President Donald J. Trump further fueling tensions as the US enters the war,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan likewise said in a Viber message.

Iran said on Monday that the US attack on its nuclear sites expanded the range of legitimate targets for its armed forces and called Mr. Trump a “gambler” for joining Israel’s military campaign against the Islamic Republic, Reuters reported.

Iran’s most effective threat to hurt the West would probably be to restrict global oil flows from the Gulf. Oil prices spiked on Monday at their highest since January.

Attempting to strangle the strait could send global oil prices skyrocketing, derail the world economy and invite conflict with the US Navy’s massive Fifth Fleet that patrols the Gulf from its base in Bahrain.

At home, all sectoral indices closed lower on Monday. Mining and oil plummeted by 3.48% or 359.28 points to 9,952.07; services dropped by 2.56% or 56.75 points to 2,155.76; financials sank by 2.4% or 55.80 points to 2,265.08; holding firms retreated by 1.93% or 105.23 points to 5,325.96; industrials declined by 1.67% or 152.39 points to 8,940.43; and property went down by 0.54% or 12.04 points to 2,203.29.

“Only three index members closed with gains led by Manila Electric Co., rising 0.83% to P546. Puregold Price Club, Inc. was the worst index performer, dropping 5.07% to P33.70,” Mr. Tantiangco said.

Value turnover shrank to P6.29 billion on Monday with 1.03 billion shares traded from the P12.27 billion with 1.32 billion issues exchanged on Friday.

Decliners overwhelmed advancers, 142 versus 60, while 44 names were unchanged.

Net foreign buying reached P108.27 million on Monday versus the P835.44 million in net selling recorded on Friday. — Revin Mikhael D. Ochave with Reuters

Peso tumbles to fresh three-month low as US joins Iran-Israel conflict

BW FILE PHOTO

THE PESO tumbled anew against the dollar on Monday, plunging to a fresh three-month low amid market fears over an escalation in the Middle East conflict as Iran threatened to retaliate after the United States attacked its nuclear sites over the weekend.

The local unit closed at P57.58 versus the greenback, sinking by 41 centavos from its P57.17 finish on Friday, Bankers Association of the Philippines data showed.

This was the its worst close in nearly three months or since it finished at P57.69 against the dollar on March 26.

The peso opened Monday’s session weaker at P57.25 against the dollar, which was already its intraday best. It dropped to as low as P57.655 versus the greenback during the session.

Dollars exchanged dropped to $1.28 billion on Monday from $1.77 billion on Friday.

“The dollar-peso closed higher as demand for safe havens favored the dollar amid the escalating conflict in the Middle East after the US joined the war, attacking Iranian nuclear sites,” a trader said in a phone interview.

The peso sank after oil prices touched five-month highs early in Monday’s session and as markets braced for Iran’s response to the US’ attacks, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message. The Philippines is a net importer of oil.

For Tuesday, the trader expects the peso to move between P57.40 and P57.80 per dollar, while Mr. Ricafort sees it ranging from P57.45 to P57.75.

The US dollar firmed on Monday as nervy investors sought safety, although the restrained moves suggest markets were waiting for Iran’s response to US attacks on its nuclear sites that have exacerbated conflict in the Middle East, Reuters reported.

Iran said on Monday that the US attack on its nuclear sites expanded the range of legitimate targets for its armed forces and called US President Donald J. Trump a “gambler” for joining Israel’s military campaign against the Islamic Republic.

The major moves were in the oil market, with crude prices hitting a five-month high, before dipping to trade lower on the day.

The dollar firmed 1% against the yen and was last at 147.450, at its highest level since May 15. The dollar index, which measures the US currency against six other units, was 0.15% higher at 99.065.

Iran vowed to defend itself a day after the US dropped 30,000-pound bunker-buster bombs onto the mountain above Iran’s Fordow nuclear site. American leaders urged Tehran to stand down while pockets of anti-war protests emerged in US cities.

In a step towards what is widely seen as Iran’s most effective threat to hurt the West, its parliament approved a move to close the Strait of Hormuz. Nearly a quarter of global oil shipments pass through the narrow waters that Iran shares with Oman and the United Arab Emirates.

While the dollar has reprised its role as a safe haven due to the rapid spike in geopolitical risks, the relatively muted moves suggest investors remain wary of going all in on the greenback.

The US currency has dropped 8.6% this year against its major rivals as economic uncertainty from Mr. Trump’s tariffs and concern over their impact on US growth led investors to scurry for alternatives. — A.M.C. Sy with Reuters

EV strategy expected to create 680,000 jobs

REUTERS

THE Department of Trade and Industry (DTI) said it expects around 680,000 jobs to be created under the recently approved Electric Vehicle Incentive Strategy (EVIS).

“The new strategy is expected to attract P120 billion in capital investment that will help spur job creation,” Trade Secretary Ma. Cristina A. Roque said in a statement on Monday.

“The influx of investments will generate about P11.4 trillion in economic output,” she added.

The EVIS is also expected to boost the government’s tax revenue by P400 billion against a full-import EV scenario and generate savings of up to $30 billion in foreign exchange by reducing import dependence.

A component of the Electric Vehicle Industry Development Act (EVIDA), EVIS provides targeted fiscal and non-fiscal incentives that stimulate domestic production of EVs, batteries, parts, charging stations, and testing facilities.

“The incentive structure supports both capital investment and sustained production,” the DTI said.

Under the incentive scheme, eligible companies are required to comply with Philippine and international standards, provide long-term after-sales support, and submit Board of Investments-vetted investment plans.

EVIS sets a production target of 9 million EVs between 2028 to 2040, including two- and three-wheelers, passenger cars, buses, and trucks.

The EVIS also targets the creation of nearly 400,000 charging stations nationwide.

“The DTI is working closely with the FIRB (Fiscal Incentives Review Board) to finalize the EVIS, which is scheduled for deliberation in July 2025,” the DTI said.

EVIDA tasked the DTI to promote and develop domestic EV manufacturing.

Under the law, the DTI is required to develop an EV incentive strategy similar to the Comprehensive Automotive Resurgence Strategy Program, which incentivized domestic assembly of mass-market internal combustion engine cars.

The government is hoping to increase the EV fleet to 2.4 million by 2028 and bring the EV adoption rate to 50% by 2040. — Justine Irish D. Tabile

Hermosa, Bataan to get SCTEX interchange

PHILSTAR FILE PHOTO

THE Bases Conversion and Development Authority (BCDA) said that it will be building an interchange that will connect Hermosa, Bataan to the Subic-Clark-Tarlac Expressway (SCTEX).

A joint collaboration between the BCDA, the Department of Public Works and Highways (DPWH), NLEX Corp., and the government of Hermosa, the project has a proposed budget of P495.347 million, including right of way.

BCDA President and Chief Executive Officer Joshua M. Bingcang said that the interchange “will unlock a new gateway to economic opportunities for Central Luzon.”

SCTEX traverses the outskirts of Hermosa but remains unconnected to the toll road.

“(It will provide) much-needed support for the region’s growing logistics and manufacturing sectors and generate more jobs,” he said in a statement on Monday.

“In support of the Luzon Economic Corridor initiative, the enhancement of SCTEX will drive industrial growth and strengthen the region’s role as a key engine of national progress,” he added.

The road interchange is expected to link Bataan’s economic zones and industrial estates to other growth corridors in Central Luzon, including the Clark Freeport Zone, New Clark City, and the Subic Bay Freeport Zone.

“It will also improve access to the BCDA-administered Bataan Technology Park in Morong, the future home of the Philippine Marine Corps,” the BCDA said.

The interchange forms part of the SCTEX Expansion and Enhancement Plan, which is being implemented by the DPWH, BCDA, NLEX Corp., and local government units.

“The project will also contribute to the government’s efforts to support connectivity along the Luzon Economic Corridor, which will help position the region as a strategic manufacturing and electronics hub,” the BCDA added. — Justine Irish D. Tabile