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Philippines FDI net inflows grow by 89.9 pct in January
MANILA, April 10 (Xinhua) -- Foreign direct investment (FDI) that flowed into the Philippines grew year-on-year by 89.9 percent in January to 907 million U.S. dollars, the country's central bank said Wednesday. "The increase in FDI was supported mainly by the 173.2 percent expansion in nonresidents' net investments in debt instruments to 820 million dollars from 300 million dollars in January 2023," the Bangko S.....»»
P7 million shabu, P3 million marijuana seized
Shabu with an estimated value of P7 million was confiscated in Tagbilaran City, Bohol on Friday......»»
Artwork worth 1.2 million stolen in Italy
Thieves absconded with nearly 50 gold sculptures and pieces of jewelry Almost 20 statues and 30 pieces of jewelry worth 1.2 million ($1.3 million) have been stolen from an exhibition near Lake Garda, Italy, the Vittoriale degli Italiani estate, which hosted the display, told journalists. The stolen work.....»»
PERA contributions hit P396 million in 2023
Voluntary retirement contributions rose by 20.3 percent to P396.309 million in 2023 from P329.548 million in 2022, driven by the increase in the number of participants, according to the Bangko Sentral ng Pilipinas......»»
Jobless Filipinos balloon to 2.15 million in January 2024
The Philippine Statistics Authority reported that the number of unemployed persons ages 15 and above climbed to 2.15 million in January 2024, down from 1.6 million in December 2023. .....»»
PLDT proposes $3 million settlement in US budget mess suit
Integrated telco PLDT Inc. has proposed to settle $3 million, or around P165 million, to resolve a class action suit filed against it in the US over its budget fiasco......»»
DOH allots P55 million for cervical, breast cancer screening
The Department of Health has allocated P55 million to meet its target of screening three million women for cervical and breast cancer this year......»»
Figaro quarterly profit up 7% y/y (121% q/q)
Figaro posted a Q2 profit of P195 million, up 7% from its Q2/22 profit of P182 million, and up 121% from its Q1 profit of P88 million......»»
Unemployed Filipinos down to 1.6 million in December 2023 — PSA
National Statistician and PSA chief Claire Dennis Mapa reported that the number of unemployed persons ages 15 and above declined to 1.6 million in December 2023, down from 1.83 million in November 2023......»»
2.4M Dabawenyos working as of Oct 2023
The October 2023 Preliminary Employment report by the Philippine Statistics Authority-Davao Region (PSA-Davao) reveals that 64 percent of the 3.780 million Dabawenyos aged 15 and above are part of the labor force, indicating that 2.42 million individuals are employed. This represents a 1.8 percentage point increase from the previous year. The report also highlights a 97.1 percent employment rate in the Davao Region as of October 2023, with a 2.9 percent unemployment rate, lower than the national average. Despite this, the region still maintains the highest employment rate in the Philippines. Additionally, the report compares employment rates across different regions, with Soccsksargen, Barmm, Central Luzon, CAR, Caraga, Western Visayas, Cagayan Valley, Mimaropa, and Central Visayas surpassing the national average. The Bangsamoro Autonomous Region in Muslim Mindanao (Barmm) records the highest labor force participation rate among 17 regions, while the Zamboanga Peninsula has the lowest rate. The data is collected through the Labor Force Survey (LFS) conducted quarterly and monthly by the PSA central office and its regional statistical services offices. The Davao Region, with nearly 6 million inhabitants, remains the 7th most populous region in the country......»»
Boulevard Holdings Q2 net income down 86% y/y, down 336% q/q
Boulevard Holdings reported a Q2/23 net loss of P33 million, down 86% from its Q2/22 net loss of P18 million, and down 336% from its Q1/23 net income of P14 million......»»
$247 million hot money exits Philippines in 2023
A total of $247.3 million worth of speculative funds exited the Philippines last year, reversing the $886.7 million net inflow recorded in 2022, according to the Bangko Sentral ng Pilipinas......»»
POGO politics
If the maritime dispute between the Philippines and China wasn’t heating up, Alice Leal Guo would have likely remained under the government radar, free to indulge her fondness for McLaren 620R supercars with personalized license plates (local price tag as of 2020: P33 million, plus an estimated P16.8 million in import duties) and to set up more companies......»»
Over one million Filipinos get P3-B aid on Saturday
MANILA, Philippines — Speaker Ferdinand Martin G. Romualdez, alongside President Ferdinand “Bongbong” R. Marcos Jr., launched the Ayuda sa Kapos ang Kita Program (AKAP) on Saturday, an initiative that will distribute P3 billion in cash aid to more than one million beneficiaries in a single day. The AKAP Program, spearheaded by the Department of Social Welfare.....»»
Southeast Asia firms face threat of digital break-in–report
Cybersecurity leader Kaspersky has neutralized more than 61 million brute force attacks against businesses in Southeast Asia, including about five million in the Philippines, warning companies to raise their digital defenses or suffer financial consequences......»»
Haus Talk nets P243 million in 2023
Listed property developer Haus Talk Inc. saw its earnings jump by 23 percent to P242.6 million last year as revenue expanded by more than half......»»
Unity needed more than ever
Interesting facts about Lithuania, one of the three Baltic states in Europe, with a population of only around 2.8 million, even smaller than Quezon City’s over 3 million people......»»
BSP collects P649 million from coin deposits
The Bangko Sentral ng Pilipinas has collected more than P600 million worth of coins as part of efforts to bring these back to circulation and address the shortage due to improper storage or disposal......»»
P2.8 million for athletics gold in Paris Games
There are P2.8 million reasons that should make Filipino pole-vaulter EJ Obiena more motivated to go for the gold medal in the Paris Olympics this July......»»
Vape products found with P151 million tax deficiencies
More vape products are found evading tax liabilities of around P151 million as the Bureau of Internal Revenue ramps up its enforcement activities......»»