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ADB: Manufacturing benefits the most from remittances

The manufacturing sector is the biggest recipient of spending made by households receiving remittances from overseas Filipino workers, according to the Asian Development Bank......»»

Category: financeSource:  philstarRelated NewsFeb 3rd, 2024

Who is Atty. Kent Francesco Jongoy, the newly endorsed CBRT project manager?

CEBU CITY, Philippines — Cebu City Mayor Michael Rama has recently endorsed a new project manager for the Cebu Bus Rapid Transit (CBRT) project. Meet incoming CBRT project manager Lawyer Kent Francesco Jongoy, the assistant head of the Cebu City Transportation Office (CCTO), the head of its Public Mass Transportation Division, and its legal officer......»»

Category: newsSource:  inquirerRelated NewsMar 7th, 2024

Rama calls for removal of CBRT manager Imbong amid ‘crisis’

CEBU CITY, Philippines – Cebu City Mayor Michael Rama wants the project manager of the Cebu Rapid Bus Transit to be removed from his position, citing mismanagement as the reason for the replacement. “I have enough of Imbong,” said Rama, who was referring to CBRT Project Manager Norvin Imbong and that he was recommending to.....»»

Category: newsSource:  inquirerRelated NewsMar 1st, 2024

Philippines jobless rate drops to decades-low in December 2023

MANILA, Feb. 7 (Xinhua) -- The unemployment rate in the Philippines decreased to 3.1 percent in December 2023, the lowest since 2005, the Philippine Statistics Authority (PSA) said on Wednesday. "The full-year unemployment rate for 2023 was 4.3 percent compared to 5.4 percent in 2022," PSA head Dennis Mapa said at a press conference. Mapa said about 1.60 million were jobless in December last year. "This w.....»»

Category: newsSource:  manilanewsRelated NewsFeb 8th, 2024

Philippines foreign investments yield net outflows in December

MANILA, Jan. 25 (Xinhua) -- The Philippines' foreign investments yielded net outflows of 205 million U.S. dollars in December 2023, the Philippine central bank said Thursday. The Bangko Sentral ng Pilipinas (BSP) said the December net outflow resulted from the 1.3 billion dollars in gross outflows and the 1.1 billion dollars gross inflows for the month. "The recorded net outflows are a reversal of the 673.....»»

Category: newsSource:  manilanewsRelated NewsJan 25th, 2024

Philippines foreign investments yield net outflows in December

MANILA, Jan. 25 (Xinhua) -- The Philippines' foreign investments yielded net outflows of 205 million U.S. dollars in December 2023, the Philippine central bank said Thursday. The Bangko Sentral ng Pilipinas (BSP) said the December net outflow resulted from the 1.3 billion dollars in gross outflows and the 1.1 billion dollars gross inflows for the month. "The recorded net outflows are a reversal of the 673.....»»

Category: newsSource:  philippinetimesRelated NewsJan 25th, 2024

Philippines posts 642 mln USD surplus in December

MANILA, Jan. 19 (Xinhua) -- 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 dep.....»»

Category: newsSource:  philippinetimesRelated NewsJan 20th, 2024

Philippines posts 642 mln USD surplus in December

MANILA, Jan. 19 (Xinhua) -- 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 dep.....»»

Category: newsSource:  manilanewsRelated NewsJan 19th, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 12th, 2024

PAGASA: 36 areas under dangerous heat index classification on April 29

In the latest heat index bulletin of PAGASA, the state weather bureau said that 36 areas in the country will be under the "danger" heat index classification, with temperatures ranging from 42°C to 47°C......»»

Category: newsSource:  philstarRelated NewsApr 29th, 2024

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.....»»

Category: newsSource:  inquirerRelated NewsApr 17th, 2024

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.....»»

Category: newsSource:  inquirerRelated NewsMar 30th, 2024

Philippines to lead growth in ASEAN+3

The Philippines is expected to post the fastest economic growth in the Association of Southeast Asian Nations Plus 3 this year and the next, according to the ASEAN+3 Macroeconomic Research Office......»»

Category: financeSource:  philstarRelated NewsApr 8th, 2024

Special ASEAN Regional Summit in Australia

SYDNEY - Although Australia isn't a member of ASEAN, the country is hosting a summit of leaders from nine members of the Association of Southeast Asian Nations.Strengthening economic and security ties will be the focus for the Canberra government, which has set aside $186.7 million to help countries in Southeast Asia and more broadly in the Indo-Pacific region boost their maritime security.Analysts say Au.....»»

Category: sportsSource:  abscbnRelated NewsMar 5th, 2024

Australia Hosting Special ASEAN Regional Summit

SYDNEY - Although Australia isn't a member of ASEAN, the country is hosting a summit of leaders from nine members of the Association of Southeast Asian Nations.Strengthening economic and security ties will be the focus for the Canberra government, which has set aside $186.7 million to help countries in Southeast Asia and more broadly in the Indo-Pacific region boost their maritime security.Analysts say Au.....»»

Category: sportsSource:  abscbnRelated NewsMar 5th, 2024

Special ASEAN Regional Summit in Australia

SYDNEY - Although Australia isn't a member of ASEAN, the country is hosting a summit of leaders from nine members of the Association of Southeast Asian Nations.Strengthening economic and security ties will be the focus for the Canberra government, which has set aside $186.7 million to help countries in Southeast Asia and more broadly in the Indo-Pacific region boost their maritime security.Analysts say Au.....»»

Category: sportsSource:  abscbnRelated NewsMar 4th, 2024

Australia Hosting Special ASEAN Regional Summit

SYDNEY - Although Australia isn't a member of ASEAN, the country is hosting a summit of leaders from nine members of the Association of Southeast Asian Nations.Strengthening economic and security ties will be the focus for the Canberra government, which has set aside $186.7 million to help countries in Southeast Asia and more broadly in the Indo-Pacific region boost their maritime security.Analysts say Au.....»»

Category: sportsSource:  abscbnRelated NewsMar 4th, 2024

Marcos visits Australia again for ASEAN summit

Marcos said the ASEAN-Australia Special Summit in Melbourne is an opportunity for the government to reiterate the country’s position on regional and international issues......»»

Category: newsSource:  philstarRelated NewsMar 3rd, 2024

President Marcos to attend Asean-Australia meet in Melbourne

President Marcos leaves today for Melbourne, Australia to take part in the Association of Southeast Asian Nations (ASEAN)-Australia Special Summit......»»

Category: newsSource:  philstarRelated NewsMar 2nd, 2024

United Kingdom offers scholarships for ASEAN women in STEM  

Under the ASEAN-UK SAGE scholarship program by the U.K. government, women who want to pursue a master’s degree in STEM will receive support in tuition fees, stipends, travel costs, visas, and health coverage fees......»»

Category: newsSource:  philstarRelated NewsFeb 28th, 2024