AGP Executive Report
Last update: 2 hours agoDefense: Defense Secretary Gilberto Teodoro urged military cadets to push for stronger security plans as Philippine, Japanese and US forces held a maritime exercise in the country’s exclusive economic zone. Air Force: Four pilots died when two training planes collided in Batangas. Investigators will examine flight planning, training, maintenance and command procedures; SF-260 aircraft are grounded pending the probe. Quezon City: Veteran journalist Philip Lustre Jr. was arrested on a cyberlibel warrant and held in Kamuning. His lawyer says Lustre was unaware of the case and had no chance to respond; bail was set at ₱48,000. Economy: The central bank raised its key rate by half a percentage point to 5.5% as September inflation reached 7.2% and second-quarter growth slowed to 2.3%. Budget: Senator Panfilo Lacson proposed directing up to ₱7 billion in possible Senate and House budget cuts toward health, education and preparations for Super El Niño.
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