Manila Philippines – “We go back to what matters most and that’s building meaningful relations through meaningful experiences extending not only to guests of MHR but also in the communities that we serve” shares Cleofe Albiso, Managing Director of Megaworld Hotels and Resorts.
CONCERNED over the safety of 17 Filipino seafarers taken hostage in the Red Sea, President Ferdinand R. Marcos, Jr. cancelled his scheduled trip this week to the United Arab Emirates (UAE) to attend the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28).
In his X account (formerly Twitter), the chief executive announced he will no longer push through with his COP28 participation.
“In light of important developments in the hostage situation involving 17 Filipino seafarers in the Red Sea, I have made the decision not to attend COP28 in Dubai tomorrow,” Marcos announced an hour before his scheduled flight.
Malacañang has yet to elaborate on the new development concerning the Filipino seafarers as of press time.
Instead, the President said he will convene a meeting to dispatch a high-level delegation to Tehran, Iran to help the affected Filipino sailors. Iran is believed to be a key backer of the Houthi rebels in Yemen, which has been wracked by civil war. The Houthis boarded the Filipinos’ vessel, Galaxy Leader, which they apparently mistook as Israeli-owned.
He gave assurances that his administration is “doing all it can to ensure the safety” of the affected seafarers.
Marcos tasked Environment Secretary Ma. Antonio Yulo-Loyzaga to lead the Philippine delegates at the COP28 “and articulate the country’s statement” on his behalf.
During the event, the President was supposed to deliver a speech calling on the international community to honor their commitments related to climate change, particularly financing.
Last week, the Department of Foreign Affairs (DFA) confirmed that a Houthi armed group in Yemen hijacked the cargo vessel, Galaxy Leader, in the Red Sea.
Of the 25 crew members of the ship, 17 are Filipinos.
DFA said the abducted Filipinos were safe and were able to talk to their families last week.
It said it was coordinating with the International Federation of Red Cross and Red Crescent Societies and foreign governments to help secure the release of the affected sailors.
From brick-and-mortar to e-commerce environments, the world of retail is a dynamic sector driven by technological innovations. While physical stores remain strong, online purchases continue to grow, with experts predicting that by 2026, 24 percent of worldwide purchases will be made online, up from the estimated 20.8 percent in 2023.
WHILE President Ferdinand R. Marcos Jr. holds the ultimate authority in deciding whether the Philippine government will collaborate with the International Criminal Court (ICC), the House Committee on Human Rights and House Committees on Justice on Wednesday adopted a resolution urging government cooperation with the ICC on the war on drugs under former President Rodrigo R. Duterte.
FOLLOWING the government’s successful implementation of domestic climate financing, President Ferdinand R. Marcos Jr. said he will push for the creation of a similar scheme at a global level during the 2023 United Nations Climate Change Conference (COP28) in the United Arab Emirates (UAE) this week.
JAPANESE gaming tycoon Kazuo Okada has lost control over the country’s largest hotel-casino, the Okada Manila Resort in Parañaque, after the Supreme lifted the status quo ante order (SQAO) it issued in April 2022 which he used as basis to regain ownership of Tiger Resort Leisure and Entertainment Inc. (TRLEI), the company that operates the establishment.
THE Anti-Red Tape Authority (Arta) said the Philippine Ports Authority’s (PPA) proposal to hike storage fees for foreign containerized cargo would have to undergo an assessment that would ensure that the regulation being implemented by the government agency is not burdensome to the public.
JAPANESE gaming tycoon Kazuo Okada has lost control over the country’s largest hotel-casino, the Okada Manila Resort in Parañaque, after the Supreme lifted the status quo ante order (SQAO) it issued in April 2022 which he used as basis for regaining ownership of Tiger Resort Leisure and Entertainment, Inc. (TRLEI), the company that operates the establishment.
The national government’s housing program could further increase the double-digit real estate vacancies, particularly in Metro Manila, according to the ASEAN+3 Macroeconomic Research Office (AMRO).