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Xinhua world economic news summary at 0900 GMT, Jan. 14
MANILA -- The approved investment projects in 2023 amounted to 1.26 trillion pesos (roughly 22.5 billion U.S. dollars) in 2023, 73 percent higher than in 2022, Philippine Department of Finance (DOF) said Sunday. Citing an updated report of Board of Investments (BOI), the DOF said in a press release that the approved investments comprised 311 projects, mainly on renewable energy, telecommunication infrastructure,.....»»
Philippines approved investment projects up 73 pct in 2023
MANILA, Jan. 14 (Xinhua) -- The approved investment projects in 2023 amounted to 1.26 trillion pesos (roughly 22.5 billion U.S. dollars) in 2023, 73 percent higher than in 2022, Philippine Department of Finance (DOF) said Sunday. Citing an updated report of Board of Investments (BOI), the DOF said in a press release that the approved investments comprised 311 projects, mainly on renewable energy, telecommunicati.....»»
Philippines approved investment projects up 73 pct in 2023
MANILA, Jan. 14 (Xinhua) -- The approved investment projects in 2023 amounted to 1.26 trillion pesos (roughly 22.5 billion U.S. dollars) in 2023, 73 percent higher than in 2022, Philippine Department of Finance (DOF) said Sunday. Citing an updated report of Board of Investments (BOI), the DOF said in a press release that the approved investments comprised 311 projects, mainly on renewable energy, telecommunicati.....»»
6 areas hit dangerous heat index hits on Monday
MANILA, Philippines — Six areas experienced a dangerous peak heat index on Monday according to the Philippine Atmospheric, Geophysical, and Astronomical Services Administration (Pagasa). Based on Pagasa’s latest computed heat index as of 5:00 p.m., Dagupan City, Pangasinan and Bacnotan, La Union both had a 44ºC (degrees Celsius) heat index. Meanwhile, Sinait, Ilocos Sur, Puerto.....»»
48ºC heat index hounds Aparri, Cagayan – Pagasa
MANILA, Philippines — A scorching 48ºC heat index hounded Aparri, Cagayan on Tuesday while 30 other areas / locations likewise experienced a dangerous heat index, according to the Philippine Atmospheric, Geophysical, and Astronomical Services Administration (Pagasa). Pagasa defines heat index as a measure of the contribution that high humidity makes with abnormally high temperatures in reducing the body’s.....»»
Heat index in Puerto Princesa City reaches 46ºC
MANILA, Philippines — A dangerous peak heat index of 46ºC (degrees Celsius) hounded Puerto Princesa City, Palawan on Monday, while 26 other areas / locations likewise logged a heat index within the danger category, according to the Philippine Atmospheric, Geophysical, and Astronomical Services Administration (Pagasa). Pagasa said heat index refers to the measure of the contribution that.....»»
What to expect from Sec. Ralph Recto leadership at DOF
Former senator, former NEDA Secretary, congressman, and deputy speaker until this week, and now Secretary of the Department of Finance (DOF), Ralph Recto has a colorful and multiple experience in both the Legislative and Executive branches of the government......»»
Diokno turns over DOF helm to Recto
Secretary Ralph Recto started the ball rolling as he formally took over the helm of the Department of Finance, with former DOF chief and now Monetary Board member Benjamin Diokno handing over the agency in a simple ceremony yesterday......»»
Diokno proud to leave DOF in better state of affairs
"I am proud knowing that I will be leaving my post at a time when the Philippine economy, in general, and the DOF, in particular, are in a better state of affairs than when I inherited them.".....»»
Xinhua world economic news summary at 0900 GMT, Jan. 31
TOKYO -- Tokyo stocks closed higher on Wednesday, as investors took an optimistic attitude for the domestic earnings season over positive results reported by Japanese firms. Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average ended up 220.85 points, or 0.61 percent, from Tuesday to close the day at 36,286.71. The broader Topix index, meanwhile, finished 24.17 points, or 0.96 percent,.....»»
Six Celtics score in double figures as they cruises past Heat 114-94
Six Celtics score in double figures as they cruises past Heat 114-94.....»»
LeBron James becomes first player to score 40,000 points
LOS ANGELES (Reuters) – LeBron James on Saturday became the first NBA player to score 40,000 career points, hitting a scoop layup off the glass in the second quarter of the Los Angeles Lakers home game against the Denver Nuggets. James, who entered the game needing nine points to reach the milestone, used a spin.....»»
Lakers score 87 in first half, beat Pels 139-122
Lakers score 87 in first half, beat Pels 139-122.....»»
11 areas to reach ‘danger’ level heat index on Black Saturday
MANILA, Philippines — The heat index in 11 areas of the country is expected to reach the “danger” level on Black Saturday, the Philippine Atmospheric, Geophysical, and Astronomical Services Administration (Pagasa) said. Based on its forecast as of 5 p.m. on Friday, the following areas will fall under the “danger” category today: READ:Pagasa: Heat index.....»»
17 areas experience dangerous heat index on Wednesday
MANILA, Philippines — The Philippine Atmospheric, Geophysical, and Astronomical Services Administration (Pagasa) reported that 17 areas in the Visayas and Mindanao experienced a dangerous heat index on Wednesday. Heat index refers to the measure of the contribution that high humidity makes with abnormally high temperatures in reducing the body’s ability to cool itself. A heat.....»»
Xinhua world economic news summary at 0830 GMT, Feb. 7
MANILA -- The performance of manufacturing production in the Philippines sustained its growth in December 2023, the Philippine Statistics Authority (PSA) said Wednesday. Based on the preliminary results of a monthly survey, the PSA said the year-on-year value of production index (VaPI) and the volume of production index (VoPI) increased by 2.6 percent and 2 percent in December, respectively. (Philippines-Manufac.....»»
Rights groups score gov t for ‘whitewashing’ abuses ahead of UN rapporteur visit
Karapatan said on Sunday that even as the government has publicly welcomed the visit of the UN rapporteur on freedom of opinion and expression, it has also “disregarded, shrugged off, and rejected” previous findings by UN special rapporteurs on the country’s human rights situation......»»
PH Economy Remains Optimistic Amid Global Slowdown
The country is one of the fastest growing economies in East Asia and the Pacific according to the World Bank, foreseeing robust growth despite global economic slowdown. In the latest World Bank Global Economic Outlook report released on Tuesday, the Philippines is expected to maintain its economic growth rate in 2024 at 5.8%, slightly higher […].....»»
US CPI for December slightly hotter than expected
The data for the US Consumer Price Index in December showed that prices increased 3.4% y/y, which was higher than the November CPI result (3.1% y/y) and (more importantly) higher than the consensus expectations in the market of a 3.2% y/y increase......»»
‘Media is a public good:’ Closure of CNN Philippines draws concerns from UN expert
The United Nations special rapporteur on freedom of expression and opinion said that the recent closure of CNN Philippines is a "worrying sign" for media freedom in the country......»»