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Philippines FDI net inflows grow by 27.8 pct in November
MANILA, Feb. 12 (Xinhua) -- Foreign direct investment (FDI) that flowed into the Philippines grew year-on-year by 27.8 percent in November 2023 to reach 1 billion U.S. dollars, the country's central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the November figure brought the country's FDI net inflows from January to November 2023 to 7.6 billion dollars, 13.3 percent lower than the 11 months in 20.....»»
Philippines total external trade drops by 5.4 pct in November
MANILA, Jan. 10 (Xinhua) -- The Philippines' total external trade in goods declined by 5.4 percent in November 2023 to 16.95 billion U.S. dollars from 17.92 billion dollars in November 2022, the Philippine Statistics Authority (PSA) said Wednesday. Of the total external trade in November 2023, 63.8 percent were imported goods, while the remaining were exported goods, the PSA said. The PSA said the balance.....»»
Philippine remittances rise by 2.9 pct in November
MANILA, Jan. 15 (Xinhua) -- Personal remittances from overseas Filipinos reached 3 billion U.S. dollars in November 2023, 2.9 percent higher than the 2.9 billion dollars recorded in November 2022, the Philippine central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the cumulative personal remittances grew by 2.9 percent to 33.6 billion dollars in the first 11 months of 2023 from 32.6 billion dolla.....»»
Philippine remittances rise by 2.9 pct in November
MANILA, Jan. 15 (Xinhua) -- Personal remittances from overseas Filipinos reached 3 billion U.S. dollars in November 2023, 2.9 percent higher than the 2.9 billion dollars recorded in November 2022, the Philippine central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the cumulative personal remittances grew by 2.9 percent to 33.6 billion dollars in the first 11 months of 2023 from 32.6 billion dolla.....»»
Marcos tells Fil-Chinese community to reflect on past accomplishments
MANILA, Philippines — President Ferdinand Marcos Jr. recognized the “heritage of the dragon” as the country marked the Chinese New Year on Saturday. In a message to the Filipino-Chinese community, Marcos encouraged reflection on the past year’s accomplishments and eagerness to embrace the opportunities that the coming year offers. “This occasion brims with infinite opportunities.....»»
3 Chinese face raps for using fireworks display on Chinese New Year in Davao City
THREE Chinese nationals in Davao City will face legal cases for violating City Ordinance 060-02, also known as the Firecracker Ban, after their minute-long fireworks display during the Chinese New Year celebration on Friday night, February 9, 2024......»»
Infrastructure spending hits lowest level in November
Government spending for infrastructure dropped to a year-low in November last year even after state agencies were ordered to catch up on their expenses to boost economic growth......»»
Remittances ease to $3 billion in November
Remittances sent home by Filipinos abroad eased to $3 billion in November 2023, reaching their lowest level in six months despite the holiday season......»»
Bank credit growth slows anew in November
The expansion of credit in the country slowed anew in November 2023 due to still elevated interest rates, the Bangko Sentral ng Pilipinas said......»»
Trade gap widens to $4.69 billion in November
The country’s trade deficit in November widened to a seven-month high as imports left negative territory, while exports continued to decline......»»
Banks’ NPL ratio eases to 3.41 percent in November
The share of soured loans to the banking sector’s total loan book slipped to 3.41 percent in November 2023 after rising to a five-month high of 3.44 percent a month earlier, according to the Bangko Sentral ng Pilipinas......»»
Bodyguard of 4 kidnapped Chinese surrenders
The driver and bodyguard of four Chinese women who were kidnapped and robbed, reportedly by police officers, in Parañaque last year surrendered to House Deputy Majority Floor Leader Erwin Tulfo Thursday morning......»»
PH media slam Chinese foreign ministry’s claims of manipulating WPS reports
Philippine media groups criticized the Chinese foreign ministry for suggesting that recent reports on Chinese harassment of Filipino vessels in the West Philippine Sea involved video manipulation and sensationalism to portray the Philippines as a victim. The Foreign Correspondents Association of the Philippines (Focap) and National Union of Journalists of the Philippines (NUJP) expressed offense.....»»
DFA summons Chinese envoy over latest sea confrontation
The DFA said in a statement that the agency summoned the chargé d'affaires of the Chinese Embassy to protest “aggressive actions” by the China Coast Guard (CCG) and Chinese maritime militia against a civilian boat supplying troops stationed at BRP Sierra Madre in Ayungin Shoal. .....»»
Celebrating 50 years of APCU
Last Monday, Feb. 26, 2024, the Association for Philippines-China Understanding celebrated its 50th anniversary at The Manila Hotel. As a new member of this organization, I was honored to meet more friends from the Filipino-Chinese community as well as the Chinese embassy in the Philippines, where it was very touching to be acknowledged for my Chinese roots, being part of the Lim family, as well as for the columns that I continue to write in The Philippine STAR, most especially when the original author of Roses and Thorns was my granduncle, Alejandro Roces......»»
Philippine coast guard says Chinese claim of intrusion ‘inaccurate’
MANILA/BEIJING (Reuters) – A Philippine coast guard official on Thursday described as “inaccurate” its Chinese counterpart’s claim that a fisheries vessel “illegally intruded” into Beijing’s waters. The Chinese coast guard said earlier on Thursday it drove away a vessel of the Philippines’ Bureau of Fisheries and Aquatic Resources (BFAR) and accused them of “illegally intruding”.....»»
Complaints filed against 3 Chinese nationals for using firecrackers
DAVAO CITY (MindaNews / 13 February)—Complaints have been filed against three Chinese nationals on Tuesday before the Office of the City Prosecutor for violating the 21-year-old ordinance of Davao City banning the use of firecrackers during the celebration of Chinese New Year at the Royal Pines Subdivision here at 12:06 a.m. on Saturday, a local […].....»»
3 Chinese nationals nabbed for violating Davao City’s firecracker ban
DAVAO CITY (MindaNews / 11 February) – Three Chinese nationals who used pyrotechnics to welcome the Chinese New Year here are facing charges for violating City Ordinance 060-02 or the firecracker ban. Arrested by operatives of the Davao City Police Office (DCPO) for using pyrotechnics at the Royal Pines Subdivision along Shrine Hills in Matina […].....»»
Chinese New Year: The faith there is inside Cebu’s Taoist Temple
CEBU CITY, Philippines – “Patience is indeed a virtue; with it comes greater power.” This proverbial phrase holds a valuable weight in Chinese culture, particularly in matters of faith and religion, where many believe in the transformative power of patience. In celebration of Chinese New Year on Saturday, February 10, CDN Digital did a quick.....»»
WATCH: For Chinese New Year, even Catholics visit this Manila Buddhist temple
Filipino-Chinese families make a unique display of faith and culture as they visit Seng Guan Temple, one of Manila's biggest Buddhist temples, on the eve of Chinese New Year 2024.....»»