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Direct-hire personnel of the US Agency for International Development will be placed on administrative leave globally starting Friday, February 7.A statement on its website said USAID personnel assigned to mission-critical functions, core leadership, and specially designated programs are exempt from administrative leave.“Essential personnel expected to continue working will be informed by Agency leadership by Thursday, February 6, at 3:00 pm ,” the statement read.
Further guidance on how to request an exception will be forthcoming. Thank you for your service," it added.Last month, the US State Department issued a “stop-work” order for all existing foreign assistance and paused new aid, following a Trump order to pause and review if aid allocation was aligned with his foreign policy.
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Philippine Coast Guard Pushes Back Chinese Vessel from Philippine WatersThe Philippine Coast Guard (PCG) successfully drove a large Chinese vessel, the China Coast Guard 5901, further away from Zambales. Initially spotted 54 nautical miles from the coast, the vessel was pushed back to approximately 120 nautical miles. The PCG remains vigilant, with BRP Teresa Magbanua patrolling the area and challenging the presence of the Chinese vessel. The PCG is committed to preventing the normalization of China's illegal deployment of maritime forces in the region.
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Philippine Stock Exchange Reaches Near-Majority Stake in Philippine Dealing System HoldingsThe Philippine Stock Exchange (PSE) has successfully acquired a significant stake in Philippine Dealing System Holdings Corp. (PDSHC), bringing the bourse closer to consolidating the country's equities and fixed-income exchanges.
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Philippine Navy: China's Use of LRAD Signals Escalating Aggression in West Philippine SeaThe Philippine Navy has condemned the use of Long-Range Acoustic Devices (LRAD) by the China Coast Guard (CCG) against a Philippine Coast Guard vessel, calling it a clear escalation of aggression in the West Philippine Sea. Rear Admiral Roy Vincent Trinidad, spokesperson for the Philippine Navy in the WPS, stated that the LRAD signifies an increase in the Chinese Communist Party's aggression and underscores their illegal presence and coercive actions in the disputed waters. He linked this incident with China's broader strategy of asserting territorial claims over the South China Sea, citing the recent arrest of a Chinese national involved in intelligence surveillance of Philippine infrastructure.
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Philippine Coast Guard Stands Firm Against Chinese Vessels in West Philippine SeaA Philippine Coast Guard (PCG) ship, BRP Cabra, successfully deterred three Chinese vessels from approaching the coast of Zambales. The incident highlights the ongoing tensions in the disputed West Philippine Sea. Meanwhile, the PCG launched a comic book to counter alleged Chinese disinformation and promote awareness about the country's maritime rights.
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Philippine Stock Exchange to Acquire Controlling Stake in Philippine Dealing System Holdings Corp.The Philippine Stock Exchange Inc. (PSE) is reallocating P110 million from a 2018 stock rights offering to acquire a controlling stake in the Philippine Dealing System Holdings Corp. (PDSHC). This move follows a series of share purchases by the PSE from other PDSHC stakeholders, aiming to consolidate the country's equities and fixed-income exchanges. The PSE's equity stake in PDSHC currently stands at 55.53 percent.
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Philippine Stock Exchange Reallocates Funds to Acquire Controlling Stake in Philippine Dealing SystemThe Philippine Stock Exchange Inc. (PSE) is using funds from a 2018 stock rights offering to acquire a controlling stake in the Philippine Dealing System Holdings Corp. (PDSHC). This move consolidates the country's equities and fixed-income exchanges.
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