Philippines foreign investments yield net outflows in March
MANILA, May 1 (Xinhua) -- The Philippines' foreign investments yielded net outflows of 236 million U.S. dollars in March, the Philippine central bank said Wednesday. The Bangko Sentral ng Pilipinas (BSP) said the foreign investment transactions in March resulted from the 1.6 billion dollars in gross outflows and 1.4 billion dollars in gross inflows for the month. "The recorded net outflows are a reversal.....»»
Tourists transfer to Cordova as Lapu-Lapu City imposes environmental fee
LAPU-LAPU CITY, Cebu — Several local and foreign tourists who had booked island hopping tours in Lapu-Lapu City decided to transfer to Cordova town on Wednesday, May 1, 2024, reportedly to avoid paying the P100 environmental fee implemented starting that day. According to Mark Ramirez, a pump boat operator, around four of their bookings from.....»»
EDITORIAL - Doctors doing business
A public health advocate first sounded the alarm recently, saying several doctors were prescribing medicines from a pharmaceutical company in exchange for expensive gifts including luxury vehicles......»»
Government borrowings down by 12 percent to P830 billion in Q1
The government slashed its borrowings by 12 percent to P830 billion in the first quarter, particularly its obligations to the foreign market, according to the Bureau of the Treasury......»»
House leaders: Probe deepfake President Marcos audio
Congress resumes session today with House leaders seeking an investigation into a deepfake video showing President Marcos allegedly issuing an order to soldiers to act against a foreign country......»»
Japan town to block Mount Fuji view from troublesome tourists
A huge black barrier to block Mount Fuji from view will be installed in a popular photo spot by Japanese authorities exasperated by crowds of badly behaved foreign tourists......»»
Bad for Phl’s image
While President Ferdinand Marcos has been wooing private companies, both local and foreign, to partner with the government and to invest in infrastructure development in order to fuel his administration’s push for economic growth and more jobs, there are some in government who seem to be sending a completely opposite message and who are bent on sabotaging whatever gains the country has achieved so far......»»
‘BSP ready to mitigate excessive peso volatility’
Monetary authorities are ready to mitigate any “unnecessary movement” and “excessive volatility” in the foreign exchange market as the peso sank to fresh 17-month lows against the dollar, according to Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr......»»
Para sa ekonomiya: The need for regulatory coherence
The Department of Trade and Industry said that in 2023, President Ferdinand Marcos Jr.’s trips abroad generated up to P4 trillion in foreign investments......»»
Over 2 mln foreign tourists arrive in Philippines since January
MANILA, April 25 (Xinhua) -- Over 2 million international tourists have visited the Philippines since January this year, the Presidential Communications Office (PCO) said Thursday. Citing data from the Department of Tourism (DOT), the PCO said that 2,010,522 international visitors entered the Southeast Asian country from Jan. 1 to April 24. The data showed that tourism receipts reached 157.62 billion peso.....»»
Kongkraphan edges Chen, wins ICTSI Luisita Ladies International by 3
In a tense battle amid stifling conditions, PK Kongkraphan continued her dominance on foreign soil by capturing the ICTSI Luisita Ladies International 2024 championship despite a 74......»»
Philippine seafarers banned from sailing in Red Sea
Filipino seafarers are now barred from boarding foreign vessels sailing the Red Sea and the Gulf of Aden......»»
Palace warns vs Marcos deepfake audio ordering military action
The Presidential Communications Office (PCO) issued a warning to the public about a video featuring manipulated audio of President Ferdinand Marcos Jr. directing the military to take action against a foreign country......»»
Doctors accepting gifts from drug firms may lose license – DOH
MANILA, Philippines — Doctors who have been proven to accept gifts from pharmaceutical companies in exchange for prescribing certain products may face suspension or revocation of their licenses, an official from the Department of Health (DOH) said on Tuesday. According to DOH Assistant Secretary Albert Domingo, the DOH is investigating allegations of the scheme and.....»»
From the Newsrooms: April 7 to 20, 2024
"IT'S COMPLICATED." The two words were all President Ferdinand Marcos Jr. had to say about his relationship with the Duterte family. The president and his predecessor however were ready to exchange barbs about various issues, but most prominently, about the "gentleman's agreement" between Rodrigo Duterte and Xi Jinping on the West Philippine Sea (WPS). News picked up every sign of the deepening rift that has cracked Te.....»»
Bunye: BSP changes FX rules for foreign investments to make them easier
Bunye: BSP changes FX rules for foreign investments to make them easier.....»»
US House votes for possible TikTok ban if Chinese owners don’t sell
WASHINGTON — The House passed legislation Saturday that would ban TikTok in the United States if the popular social media platform’s China-based owner doesn’t sell its stake within a year, but don’t expect the app to go away anytime soon. The decision by House Republicans to include TikTok as part of a larger foreign aid package,.....»»
Philippines welcomes G7 backing in South China Sea dispute
In a meeting communiqué, G7 foreign ministers expressed their concerns about the situation in the South China Sea and stressed there is no legal basis for China’s expansive maritime claims in the strategic waterway. .....»»
New presidential museum eyed in Baguio
The government will put up a new presidential museum in Baguio City soon, according to First Lady Liza Marcos, who said it will help promote unity and allow Filipinos as well as foreign tourists to learn more about the country’s current and previous leaders......»»
Philippines posts 1.2 bln USD surplus in March
MANILA, April 19 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a surplus of 1.2 billion U.S. dollars in March 2024, slightly lower than the 1.3-billion-dollar BOP surplus recorded a year ago, the country's central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) said the BOP surplus in March reflected inflows arising mainly from the national government's net foreign currency deposi.....»»