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Government sets P585 billion borrowings in Q2
The government is set to borrow P585 billion from the domestic market in the second quarter amid hopes of more favorable interest rates here and abroad......»»
‘Passover or broke’
It was a case of “early to bed – too early to rise” as I found myself waking up at 20 minutes past midnight. Instinctively, I found myself checking my phone for the right time......»»
Shell Pilipinas profit tumbles to P1.2 billion in 2023
The earnings of Shell Pilipinas Corp. plunged by 70.7 percent to P1.2 billion in 2023 from P4.1 billion in 2022 on the back of declining global fuel prices and elevated interest rates......»»
US Federal Reserve holds steady
The US Federal Reserve decided to hold its interest rates steady for the 5th consecutive meeting......»»
What we know about India’s worst rail tragedy in decades
India's deadliest train disaster in decades killed at least 275 people and injured hundreds more, a tragedy officials have said was linked to an electronic signal system. While a final report has not been released into Friday night's crash near Balasore in the eastern state of Odisha, local media quoting preliminary investigations have pointed to human error connected to the signaling system. Trains resumed operations on tracks past the crash site on Monday. Here is what we know so far: What happened? The Coromandal Express, a passenger train travelling from Kolkata to Chennai, was diverted onto a loop line on Friday evening and slammed into a stationary goods train loaded with tons of iron ore. The collision flipped the carriages of the Coromandal Express onto another track. The derailed compartments then struck the rear carriages of another fast train, the Howrah Superfast Express from India's tech hub Bengaluru, which was passing in the opposite direction. The two fast trains were carrying more than 2,000 passengers. Trains in India are usually packed at this time of year, with many people travelling during school holidays. What went wrong? Ashwini Vaishnaw, India's railway minister, has suggested the crash happened due to the "change that occurred during electronic interlocking". That refers to a complex signal system designed to stop trains colliding by arranging their movement on the tracks. "We have identified the cause of the accident and the people responsible for it," Vaishnaw said, but added it was "not appropriate" to give details before a final investigation report was completed. Local media have quoted a preliminary investigation report, with the Times of India saying a "human error in signaling may have caused the collision between three trains". India's Railway Board has recommended a high-level probe into the disaster by the federal investigating agency. How many died? The death toll has been revised several times since the crash. Officials had initially reported it stood at 288 but the Odisha state government has since revised the toll downwards to 275 after some bodies were mistakenly counted twice. Of the 1,175 injured, 382 were still being treated in hospitals, authorities said Sunday. However, many fear the death toll could still rise because medical centres are overwhelmed by the number of casualties. It is the worst crash since 1999, when 285 were killed when two passenger trains collided at Gaisal in West Bengal, an accident blamed on human error. India's worst crash was in 1981, when an overcrowded passenger train plunged into a river during a cyclone in Bihar state, killing about 800 people. India's safety record India has launched a $30 billion railway infrastructure modernization in a bid to boost the economy and connectivity, and Vaishnaw said last month tracks were being "upgraded very rapidly". In 2022, India built 5,200 kilometers (3,230 miles) of new tracks, and upgraded or replaced about another 7,500-8,000 kilometres, Vaishnaw said. But analysts say that while accidents have reduced over time, India's antiquated rail system still has a long way to go. An average of 20,000 people died each year between 2017 and 2021 in rail accidents -- collisions, derailments and other causes -- according to official records. A report by the Comptroller and Auditor General of India, the country's top audit authority, said derailment was the reason for 69 percent of the accidents. Defective tracks, poor maintenance and old signaling kit combined with human error were the main cause, it said. Indian Railways, the world's fourth-largest rail network, runs some 14,000 trains daily with 8,000 locomotives over a vast system of tracks some 64,000 kilometers (40,000 miles) long. The trains carry more than 21 million people each day. The post What we know about India’s worst rail tragedy in decades appeared first on Daily Tribune......»»
Milk tariff collections rise by 31% to P2.4 billion
Revenues raised by the government from various imported milk products jumped by 31 percent to P2.36 billion in 2023, the highest in at least eight years, from P1.8 billion in 2022......»»
Revisiting Uniteam (Last of 2 parts)
THE Uniteam coalition of President Ferdinand "Bongbong" Marcos Jr. and Vice President Sara Duterte, described by many political analysts as the "dream team", had come a long way since sweeping the 2022 elections......»»
Cebu bus terminals: 100,000 passengers expected on March 27
CEBU CITY, Philippines — At least 100,000 passengers are expected to flock to two of the biggest bus terminals here in Cebu for the Holy Week this year. As early as 7 a.m. on Holy Wednesday, dozens already queued for buses at the Cebu North Bus Terminal (CNBT) in the North Reclamation Area. READ MORE:.....»»
Mandaue drug bust: P476,000 ‘shabu’ seized from HVI
CEBU CITY, Philippines — Authorities seized suspected shabu worth at least P476,000 from a 45-year-old man described as a high-value individual during an anti-illegal drugs operation in Mandaue City early on Wednesday morning, March 27, 2024. The operation took place along Realty Road in the North Reclamation Area in Barangay Subangdaku, Mandaue City, Cebu. The.....»»
Early Holy Week
If soul searching, repentance and making your relationship right with your Creator are things you do on Holy Week, all came early for me this year. And now, it feels like I have been given a second chance at life......»»
BTr raises P120 billion from T-bond sale
The government raised the entire program of P120 billion in long-term securities this month even as investors’ asking rates were mixed......»»
NEWS BRIEFS | 26 March 2024
P101-M sea wall to rise in Surigao Sur town A P101.3 million sea wall will be constructed in Marihatag, Surigao del Sur to protect lives and properties from storm surges there. Rep. Romeo Momo (1st District, Surigao del Sur) led the ground breaking of the Marihatag Seawall Project last Sunday, March 24. “The project is a […].....»»
EDITORIAL — The cost of negligence
As of early evening yesterday, the death toll from a vehicular collision in Cotabato stood at 17, with four others needing hospitalization for injuries and severe burns......»»
PUBG Mobile continues steady rise in Philippines
PUBG: Mobile has been a steady shooting game that Filipinos have been playing since its release back in 2018. Since then, the game has had Filipino-centric initiatives in 2022......»»
Philippines-European Union FTA talks resume in H2
The Philippines and the European Union (EU) are looking to resume formal negotiations for a free trade agreement (FTA) in the early part of the second half of the year, according to the Department of Trade and Industry......»»
Wheat imports seen to rise on higher bread demand
It’s a quarter before seven in the morning. A queue starts to form in front of RJS bakery in Barangay Barangka Drive in Mandaluyong City......»»
Prevent Pollen From Ruining Your Spring with These Tips
Allergy season has arrived early in the US, affecting more than 80 million Americans, as reported by The Asthma and Allergy Foundation of America. Pollen.....»»
Tough love: La Salle captain Coronel takes De Jesus criticism in stride amid steady rise
Often the target of helpful criticism by legendary La Salle coach Ramil de Jesus, Lady Spikers captain setter Julia Coronel bravely absorbs his lessons as she leads their title defense.....»»
U.S. Measles Cases Surpass 2023 Levels, C.D.C. Says – The Daily Guardian
The Daily Guardian – Measles Cases on the Rise in the United States Measles cases in the United States have been steadily increasing this year,.....»»
Rise of the cancer-causing bugs: Researchers say dental PLAQUE could be behind mystery rise of aggressive colo
A recent surge in aggressive colon and stomach cancers has been linked to the presence of specific bacteria, according to new studies. The bacteria Fusobacterium.....»»