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Philippines bows down to Iraq in FIFA Qualifiers
CEBU CITY, Philippines — Mohanad Ali scored a late goal for Iraq that sent the Philippines to the bottom of Group F in the FIFA World Cup 2026 and AFC Asian Cup Qualifiers on Friday, March 21 (March 22, Manila Time) at the Basra International Stadium in Iraq. With the defeat, the Philippines’ chances to.....»»
Innovation, health top Asian concerns
The government aims to spur innovation among industries and the health sector in the country to catch up with the projected economic boom of its Southeast Asian neighbors and achieve an upper middle-income society by 2040. Socioeconomic Planning Secretary Arsenio Balisacan last Friday urged the faculty of the University of the Philippines Diliman to help the government raise technologically-skilled Filipinos toward more agile industries amid the information and digital age. “Our infrastructure sector and the emerging industries — agribusiness, mining, tourism, manufacturing, education, creatives, health and IT-BPM — will require a deep pool of skilled workers and professionals, which the university is in a position to contribute to,” he told the UPD alumni in their council meeting last Friday. As a planning and advisory agency, the National Economic and Development Authority, or NEDA, last month presented the National Innovation Agenda and Strategy Document 2023 to 2032 to other government agencies its strategies for better public-private partnerships, innovation research and development, commercialization of products and support for small businesses. “We must find ways to harness fast-evolving technologies as opportunities are waiting to be tapped by our young labor force. We must take two, even three steps forward, even as other forces — populism and political expediency — take us one step backward,” Balisacan told the university’s alumni during his speech entitled “If We’re So Smart, Why Aren’t We Rich?” Balisacan said government agencies will organize more in-person and online forums and surveys with academic institutions, businesses and marginalized groups and technical studies to achieve those goals. According to the United Nations, science researchers in the Philippines are much fewer with 174 per 1 million residents compared with Singapore’s 7,287 and Thailand’s 2,070. As the government capitalizes on human resources, Balisacan added the Marcos administration will be expanding nutrition programs and health facilities across the country. Lessons from Covid “The Covid-19 pandemic has demonstrated the need to sustainably secure and equitably distribute health infrastructure and human resources and promote health-seeking behavior and health literacy,” he said. According to World Development Indicators, vaccination rates in the Philippines range 57 percent to 92 percent, lower than the 95 percent and 99 percent of Singapore and Thailand, respectively. Malnutrition, however, has improved among Filipino children below five years old as stunting was found in 26.7 percent of households in 2021 from 33.4 percent in 2015, according to the Department of Science and Technology. Underweight children in this age group were also fewer at 5.5 percent from 7.1 percent during that period. Without improvements in the education and health sectors, Balisacan said Filipinos cannot secure quality jobs and help the country obtain higher GDP per capita or economic output per person. By 2050, the Philippines will see $22,700 GDP per capita, lower than Indonesia’s $37,400 and Vietnam’s $33,800, research from the Asian Development Bank showed. The post Innovation, health top Asian concerns appeared first on Daily Tribune......»»
More RE investments needed in AsPac
Countries in Asia Pacific, including the Philippines, need to make more investments in renewable energy and accelerate decommissioning of coal plants to meet rising electricity needs without increasing carbon emissions, according to the Asian Development Bank......»»
Ease in managing capital via app
Filipino-owned financial technology firm BayaniPay has launched a global real estate payment service that lets overseas Filipinos conveniently manage their hard-earned local investments. At a press briefing on Wednesday, BayaniPay CEO Winston Damarillo said the new solution also bridges the gap in cross-border payments for the P1-trillion local real estate industry. US-to-Phl corridor “We want to be the corridor from the United States to the Philippines. We see a huge potential in this highly untapped market marked by several barriers for overseas Filipinos,” Damarillo told reporters. “Our partnerships with key industry leaders enable Filipino immigrants to conveniently pay their property investments in the Philippines at zero transaction fees and with competitive exchange rates,” he said. Powered by the Sy-led BDO Unibank, BayaniPay’s new Bills Pay services have zero transaction fees and competitive exchange rates. The service offers customers the benefits of monthly auto debit and paying using an eligible funding source so they no longer have to open a separate bank account in the Philippines. Bills Pay real estate category BayaniPay also partnered with SM Development Corp. and Ortigas Land Corp., to pioneer the real estate category of Bills Pay so they can start collecting, automating, and reconciling payments with ease through a custom dashboard. Data from the state-run Philippine Statistics Authority showed that the country’s real estate market saw a boom in activity in the last couple of years, establishing its value of P1 trillion as of 2019. Meanwhile, the World Bank reported that overseas Filipinos are allocating as much as 60 percent of their remittances to property investments in the country. Last year, BayaniPay raised $4.5 million in seed funding from East West Bank, Wavemaker Partners, and Talino Venture Labs to support its goal of delivering pioneering cross-border banking services to Asian American immigrants. It targets to increase its current 10,000 user base to 100,000 in the next two years. The post Ease in managing capital via app appeared first on Daily Tribune......»»
Antipolo City throws support on Ajido
The Antipolo City government led by Mayor Casimiro “Jun” Ynares III will provide support to Antipolo-born swimmer Jamesray Mishael Ajido, who won the country’s lone gold medal in record-breaking fashion at the recent 11th Asian Age-Group Swimming Championships......»»
NewJeans prepares for comeback with Japanese debut, teases world tour
K-pop girl group NewJeans is gearing up for a number of comeback projects this year, including a Japanese debut eyed to kick off a world tour......»»
Xinhua world news summary at 1530 GMT, March 26
MANILA -- Three suspected rebels were killed in a clash with government forces in Batangas province, south of Manila, on Tuesday, the Philippine military said. The military said a 30-minute gunfight broke out around 6:30 a.m. local time after the troops ran into a group of New People's Army (NPA) rebels in Rosario town. (Philippines-Clash) - - - - BEIRUT -- Two people were killed and nine other civ.....»»
Phl booters eye revenge vs Iraqis
After a close loss to Iraq in Basra, embattled Philippines aims to see its upset plans through on familiar grounds when it faces the Asian power again tonight in the FIFA World Cup Qualifiers at the Rizal Memorial Stadium......»»
Saintfiet confident, hopes for ‘miracle’ as PH men’s football team hosts Iraq
Hoping to take advantage of playing at home, the Philippine men's football team targets a breakthrough win in the joint qualifiers of the FIFA World Cup and AFC Asian Cup as it battles favored Iraq.....»»
Philippine bond market hits $217 billion in Q4
The Philippine bond market went up slightly in the fourth quarter of 2023 due to the increase in government bond issuances, according to a report from the Asian Development Bank......»»
Canino reclaims solo lead in national women s chess tiff
After seven rounds, the six-time Asian Age Group titlist has reclaimed the solo lead by scoring his sixth win over reigning national junior girls champion Mhage Gerriahlou Sebastian......»»
Big Dome, MOA eyed for FIVB world meet
The Philippines will be the only second Asian country, next to Japan, to host the FIVB Men’s World Championship when the 32 best teams in the world converge on local soil to duke it out for the coveted volley crown on Sept. 12 to 28 next year......»»
Asian Study Reveals Endocrine-disrupting Chemicals Found in Personal Care Products from the Philippines
In a press briefing in time for the observance of World Consumer Rights Month, BAN Toxics, a chemical and waste management NGO, discloses the findings of recent laboratory testing indicating the presence of parabens, triclosan, and triclocarban, classified as endocrine-disrupting chemicals (EDCs), in personal care products sold in the country. The result underscores potential health risks for.....»»
ADB approves USD 100 mln loan to support small and medium-sized enterprises in Sri Lanka
Manila [Philippines], March 19 (ANI): The Asian Development Bank (ADB) has approved a USD 100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change. SMEs play a critical role in Sri Lanka's economy, contributing 52 per cent to the country's gross domestic product and employ 45 per c.....»»
ADB lends $20 million for affordable housing project
The Asian Development Bank is extending up to $20 million worth of loans to Lhoopa Inc. to bankroll its affordable housing project in the Philippines......»»
China sidetracked as funding source for PNR Bicol
The government is taking another funding route for the Philippine National Railways South Long Haul, also called the PNR Bicol instead of China. It is seeking the assistance of the Asian Development Bank instead to pursue the long-delayed rail project......»»
ADB, iSON ink deal to boost Philippines digital connectivity
MANILA, March 4 (Xinhua) -- The Asian Development Bank (ADB) said Monday that it has signed a 2.4 billion pesos (42.85 million U.S. dollars) loan with the telecom towers building and managing company iSON Tower Limited Inc. as part of a ADB-led co-financing package to enhance digital connectivity in the Philippines. The loan will support the construction, development, and operation of 800 shared telecommunicatio.....»»
ADB lends P2.4 billion to iSON for buildup of telco towers
The Asian Development Bank is extending P2.4 billion in loans to iSON Tower Limited Inc. to bankroll the construction and operation of 800 shared telecommunication towers in the country......»»
ADB, iSON ink deal to boost Philippines digital connectivity
MANILA, March 4 (Xinhua) -- The Asian Development Bank (ADB) said Monday that it has signed a 2.4 billion pesos (42.85 million U.S. dollars) loan with the telecom towers building and managing company iSON Tower Limited Inc. as part of a ADB-led co-financing package to enhance digital connectivity in the Philippines. The loan will support the construction, development, and operation of 800 shared telecommunicatio.....»»
ADB approves 655,000 USD to help Philippine rural banks digitization
MANILA, Feb. 19 (Xinhua) -- The Asian Development Bank (ADB) on Monday said it will provide grants totaling 655,000 U.S. dollars for the digitization of nine rural banks and a bank consortium in the Philippines. The grants are part of ADB's Fintech for Inclusion Transformation (FIT) program. The grant awardees were chosen from among rural banks nationwide serving women, farmers, fisherfolk, and micro, sma.....»»