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S& P: Philippines may miss growth goal this year
S&P Global Ratings sees the Philippines again missing its growth targets this year as it kept its gross domestic product growth forecast at 5.9 percent. While the projection is better compared to other economies in the region, it is again below the government’s 6.5 to 7.5 percent growth target......»»
China maintains defence budget growth despite economic travails
Hong Kong, March 12 (ANI): At the 14th National People's Congress, China announced its defence budget for 2024 and interestingly maintained the growth rate of its military expenditure at precisely the same percentage as last year, as Chairman Xi Jinping continues to prioritize the People's Liberation Army (PLA) at the expense of other sectors of government funding. Indeed, according to figures released on the opening day.....»»
Philippine government retains 6.5 to 7.5 pct GDP growth target for 2024
MANILA, Jan. 26 (Xinhua) -- National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan on Friday expressed optimism that the Philippine government will achieve a gross domestic product growth of 6.5 percent to 7.5 percent in 2024. "This growth will be supported by low and manageable inflation, a labor force with access to more and better jobs, a stronger fiscal position in the form of a lower.....»»
Philippine government retains 6.5 to 7.5 pct GDP growth target for 2024
MANILA, Jan. 26 (Xinhua) -- National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan on Friday expressed optimism that the Philippine government will achieve a gross domestic product growth of 6.5 percent to 7.5 percent in 2024. "This growth will be supported by low and manageable inflation, a labor force with access to more and better jobs, a stronger fiscal position in the form of a lower.....»»
Double-digit growth in bank lending seen this year
The Philippine banking sector is expected to book double-digit growth in loan disbursements this year on the back of robust economic growth, according to BMI Country Risk & Industry Research......»»
ADB cuts Philippines growth outlook to 6% in 2024
The Asian Development Bank has trimmed its growth forecast for the Philippines for this year, citing risks posed by extreme weather events that can drive up inflation and the slower growth in advanced economies......»»
House eyes bigger wage hike of up to P350 a day
MANILA, Philippines — The House of Representatives is considering a daily minimum wage hike for all private sector workers higher than the P100 proposed by the Senate, including a bill seeking a P350 increase. In a statement on Sunday, House Majority Leader Manuel Jose Dalipe pointed out that the chamber’s members arrived at a consensus.....»»
Bucana fire damages house and 3 establishments
DAVAO CITY (MindaNews / 18 February) – One house and three establishments were destroyed by fire in Barangay 76-A Bucana Davao City at 3:30 a.m. on Sunday. Capt. Hazel Tuazon, spokesperson for Davao City Police Office (DCPO), said the fire started from the two-story house of Michelle Bolos, a 43-year-old businesswoman, and immediately spread to adjacent establishments. […].....»»
FPRRD opposes disguised Charter change initiative
Former President Rodrigo R. Duterte has vehemently opposed the disguised People’s Initiative for Charter change, denouncing the cash-for-signature campaign as repugnant and a disgraceful act during a YouTube interview with Banateros Brothers on January 22, 2024. Duterte emphasized his disapproval of the initiative, urging for it to be halted, particularly criticizing the payment of individuals to sign the documents. He warned that such actions could lead to a new Constitution that might destroy the nation and open avenues for political abuses. Duterte stressed the importance of democracy in the Philippines, asserting that those seeking to remain in power should go through the electoral process. He highlighted that a well-performing and non-corrupt individual would retain power, while those with poor performance would be ousted through the electoral process. Expressing satisfaction with the current Constitution, Duterte argued that it has contributed to stability, reducing conflicts with groups like the New People's Army (NPA). He strongly advised against meddling with the Constitution, cautioning that it would only bring trouble to the country. Duterte pledged active opposition to the initiative, stating that he would campaign against it. Additionally, residents of Calinan District, Vice President Sara Duterte, and Representatives Isidro Ungab and Paolo Pulong Duterte have also voiced opposition to the People's Initiative for Charter Change. Margarita Atty. Migs Nograles, the representative of the Pwersa ng Bayaning Atleta (PBA) Partylist, alleged to have started the cha-cha signature campaign, has yet to issue an official statement on the matter as of the latest update. Related stories include the denouncement of alleged `vote buying’ in signing the petition for Cha-cha by Davao City lawmakers, Vice President Duterte's condemnation of the cash-for-signature drive, and a prayer rally against PI’s Cha-cha on Jan 28......»»
‘House outperforms Senate in approving LEDAC bills’
Key officials of the House of Representatives have floated the disparity in the legislative performance of the two chambers of the bicameral Congress, where the Senate paled in comparison to the House......»»
Van plows into house in Philippines, killing 1, injuring 4
MANILA, March 15 (Xinhua) -- A delivery van plowed into a house along a highway in Quezon province of the Philippines, southeast of Manila, on Friday morning, killing the driver and injuring four others, police said. Police said the freight forwarder closed van truck was traveling to Unisan town from Manila when it crashed into a roadside house around 6 a.m. local time, killing the driver on the spot. A r.....»»
House fire kills 5 in Philippines
MANILA, Jan. 24 (Xinhua) -- A house fire has killed a family of five, including an 11-month-old baby, in Daraga town in Albay province, southeast of the Philippines' capital Manila, authorities said Wednesday. Municipal Fire Marshal Amor Laguilles of Daraga town fire station said the fire broke out around 8:00 p.m. local time on Tuesday, burning the whole house to the ground. He said the fire quickly burn.....»»
House fire kills 5 in Philippines
MANILA, Jan. 24 (Xinhua) -- A house fire has killed a family of five, including an 11-month-old baby, in Daraga town in Albay province, southeast of the Philippines' capital Manila, authorities said Wednesday. Municipal Fire Marshal Amor Laguilles of Daraga town fire station said the fire broke out around 8:00 p.m. local time on Tuesday, burning the whole house to the ground. He said the fire quickly burn.....»»
House OKs bill revoking franchise of SMNI on final reading
The House Bill which seek to revoke the franchise of Sonshine Media Network International has received 284 yes notes from the members of the House of Representatives......»»
5 Tech Tips to Smartify Your New House
A smart home or condo is one where you can control nearly all aspects with a smartphone or command directed at your smart assistant. It’s easy to get lost in the details, but here are five tips so you can get started on the Internet of Things. Upgrade Where You Can Roam around the house […] The post 5 Tech Tips to Smartify Your New House appeared first on Kagay An......»»
Chan orders fire victim to stop rebuilding house
LAPU-LAPU CITY, Cebu — Lapu-Lapu City Mayor Junard “Ahong” Chan personally ordered one of the victims of the fire in Barangay Pusok to stop reconstructing his house. Chan visited the fire site at Sitio Sta. Maria on Tuesday, December 9, 2023, after learning that one resident had already started constructing a house in the area.....»»
House moves closer to Cha-cha goal after 6 hearings
The House of Representatives, meeting as a whole committee, took a significant step towards Charter change (Cha-cha) by approving Resolution of Both Houses No. 7 (RBH 7) on Wednesday. This step is similar to endorsing a committee report. House leaders anticipate the next stage, the approval on second reading, to occur next Wednesday or before.....»»
NEWS BRIEFS | 8 February 2024
House Speaker Romualdez visits Army’s 4ID HQ in Cagayan de Oro House Speaker Martin Romualdez visited the headquarters of the Army’s 4th Infantry Division in Camp Evangelista, barangay Patag here on Tuesday. Major Francisco Garello, 4ID spokesperson, said Romualdez came here as part of a two-day Armed Forces of the Philippines and House of Representatives […].....»»
People Power
A child asks her aunt to explain the People Power photographs on display at the MIC Cursillo House in Davao City on Sunday (25 February 2024), the 38th commemoration of the People Power Revolution. MindaNews photo by CAROLYN O. ARGUILLAS.....»»
Frasco seeks House probe on Metro Cebu traffic crisis
MANDAUE CITY, Cebu – On Valentine’s Day, Feb. 14, Deputy Speaker and Cebu 5th District Rep. Vincent Franco “Duke” Frasco filed House Resolution No. 1592 that directs the House Committees on Transportation and Good Government and Public Accountability to investigate the traffic crisis that is currently affecting Metro Cebu and identify possible solutions to said.....»»