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BOP shortfall narrows to $196 million in February
The Philippines registered a balance of payments shortfall of $196 million in February, its second straight month of deficit, as the government settled more foreign debt obligations last month, the Bangko Sentral ng Pilipinas said......»»
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......»»
Lotto 6/58: Lone bettor bags P175 million jackpot prize
MANILA, Philippines — A lone bettor bagged the P175 million jackpot prize of Ultra Lotto 6/58 from the Philippine Charity Sweepstakes Office (PCSO) Friday evening draw. The winning combination for Ultra Lotto was 04-07-57-05-54-47, with a jackpot prize amounting to P175,160,965.20. Ultra Lotto 6/58 is drawn every Tuesday, Friday, and Sunday at 9 p.m. READ:.....»»
More Infra Needed as BPO Workers Rises to 1.7 Million Workers by End of 2023
The business process outsourcing in the Philippines employed a total of 1.7 million workers and generated revenues worth at least 35 billion USD at the end of 2023, according to a report. But for the local industry not to get left behind by other countries, stakeholders want continued investment in infrastructure, real estate, reliable internet, […].....»»
USAID to launch $30 million initiative to boost higher education in Philippines
The US Agency for International Development is set to launch this year a $30-million initiative to help strengthen the country’s higher education system, according to the National Economic and Development Authority......»»
Philippines’ estimated rice imports rise by 100,000 MT — USDA
In a data report released on Friday, the USDA has increased its estimates for Philippine rice imports in 2024 to 3.9 million MT, higher than the 3.8 MT million forecast last January. .....»»
DBP lends P116 million for swine farm expansion
State-owned Development Bank of the Philippines said it extended a P116-million loan for the expansion of a swine farm project in Nueva Ecija to boost the government’s hog repopulation efforts......»»
Xinhua world economic news summary at 0900 GMT, Jan. 19
MANILA -- The Philippines' overall balance of payments (BOP) posted a surplus of 642 million U.S. dollars in December 2023, higher than the 612 million dollars recorded in the same month 2022, the country's central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) said the BOP surplus in December 2023 reflected inflows arising mainly from the national government's net foreign currency deposits with the BSP.....»»
Xinhua world economic news summary at 0900 GMT, Jan. 19
MANILA -- The Philippines' overall balance of payments (BOP) posted a surplus of 642 million U.S. dollars in December 2023, higher than the 612 million dollars recorded in the same month 2022, the country's central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) said the BOP surplus in December 2023 reflected inflows arising mainly from the national government's net foreign currency deposits with the BSP.....»»
PCSO losing P.5 million a day due to canceled lotto tickets
MANILA, Philippines — The Philippine Charity Sweepstakes Office (PCSO) reported on Thursday that the agency is losing approximately half a million daily due to canceled lotto tickets. During the hearing of the Senate committee on ways and means led by Senator Raffy Tulfo, Philippine Online Lotto Agents Association President Evelyn Javier said that agents have.....»»
‘Rewind’ is now Philippines’ highest grossing film, surpassing ‘Hello, Love, Goodbye’
'Rewind' has earned P815 million in local ticket sales, surpassing the previous record of P691 million domestic box office of Kathryn Bernardo and Alden Richard's 'Hello, Love, Goodbye' set in 2019, says Star Cinema.....»»
Over 6 million Filipino Catholics join Black Nazarene procession
MANILA, The Philippines: More than six million Filipino Catholic devotees gathered for this year's procession to honor the Black Nazarene, transforming the streets of Manila into a vibrant display of religious devotion. The centuries-old tradition, which pays homage to the black wooden statue of Jesus Christ believed to possess healing powers, drew massive numbers, resuming after a three-year hiatus due to COVI.....»»
Philippines, EU resume free trade agreement talks
MANILA, March 19 (Xinhua) -- The Philippines and the European Union (EU) resumed negotiations for a free trade agreement (FTA) on Monday, the Philippines' Department of Trade and Industry (DTI) announced Tuesday. "Strengthening economic engagement with the EU remains a priority for the Philippines," said Philippine Trade and Industry Secretary Alfredo Pascual, adding that the Philippines aims for an ambitious, b.....»»
2 drug suspects yield P1.7 million shabu in Talisay City buy-bust
2 drug suspects yield P1.7 million shabu in Talisay City buy-bust.....»»
Over P2 million shabu seized in separate drug busts in Cebu City
Over P2 million shabu seized in separate drug busts in Cebu City.....»»
2 mln children in Philippines suffer from food poverty: UNICEF
MANILA, June 6 (Xinhua) -- An estimated 2 million children in the Philippines are suffering from severe food poverty, being unable to get enough healthy food, according to a new UNICEF report released on Thursday. The global report Child Food Poverty: Nutrition Deprivation in Early Childhood said that around 181 million children worldwide under five years of age, or one in four, are experiencing severe child foo.....»»
Philippines unemployment rate up to 4 pct in April
MANILA, June 6 (Xinhua) -- The unemployment rate in the Philippines increased to 4 percent in April from 3.9 percent in March, the Philippine Statistics Authority (PSA) said Thursday. PSA head Dennis Mapa said at a press conference that there were 2.04 million jobless Filipinos in April this year. "This was lower than the estimated number of unemployed persons of 2.26 million in April 2023 and 2.15 millio.....»»
2 mln children in Philippines suffer from food poverty: UNICEF
MANILA, June 6 (Xinhua) -- An estimated 2 million children in the Philippines are suffering from severe food poverty, being unable to get enough healthy food, according to a new UNICEF report released on Thursday. The global report Child Food Poverty: Nutrition Deprivation in Early Childhood said that around 181 million children worldwide under five years of age, or one in four, are experiencing severe child foo.....»»
Over P374 million worth of illegal drugs burned
Over P374 million worth of illegal drugs burned.....»»
Philippines unemployment rate up to 4 pct in April
MANILA, June 6 (Xinhua) -- The unemployment rate in the Philippines increased to 4 percent in April from 3.9 percent in March, the Philippine Statistics Authority (PSA) said Thursday. PSA head Dennis Mapa said at a press conference that there were 2.04 million jobless Filipinos in April this year. "This was lower than the estimated number of unemployed persons of 2.26 million in April 2023 and 2.15 millio.....»»