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8ID honors troops’ heroism on 35th Founding Anniversary
The 8th Infantry (Stormtroopers) Division (8ID), Philippine Army, commemorated its 35th Founding Anniversary on August 1, 2023, with a simple yet meaningful celebration at Camp Vicente Lukban, Catbalogan City......»»
Itzy to return to Philippines in August for Born to Be 2024 tour
K-pop group Itzy announced that they are making a stop in the Philippines for their "Born to Be" tour. .....»»
Dabawenyo parents call on DepEd to revert to old school calendar
DAVAO CITY (MindaNews / 22 January) – Several Dabawenyo parents called on the Department of Education (DepEd) to bring back the June-March academic calendar for school year 2024-2025, rather than implementing the current August-May schedule. Jerome Roces, a father of four kids who are all in the elementary level, said there’s a need to revert […].....»»
Saudi Arabia clarifies BRICS membership reports
Riyadh was officially invited to the group of emerging countries in August 2023 Saudi Arabia has yet to join the BRICS group of economies officially, the kingdom's minister of commerce, Majid Al-Kasabi, announced at the World Economic Forum in Davos on Tuesday. Saudi state broadcaster reported earlier this mont.....»»
Deficit-to-GDP ratio softens to 4.5 percent in Q1
The budget deficit’s share to the overall economy softened in the first quarter and is still closing into its pre-pandemic level as the government moves to consolidate its finances......»»
Philippines total external trade shrinks by 15.4 pct in March
MANILA, May 8 (Xinhua) -- The Philippines' total external trade in goods recorded a year-on-year decrease of 15.4 percent in March to 15.44 billion U.S. dollars, the Philippine Statistics Authority (PSA) said on Wednesday. Of the total external trade in March, 60.3 percent were imported goods, while the rest were exported goods, the agency said. The PSA data showed the trade deficit in March amounted to 3.....»»
NBA: Nuggets make it 3-0, push Lakers to brink of elimination
The Denver Nuggets rallied to push LeBron James and the Los Angeles Lakers to the brink of elimination from the NBA playoffs on Thursday. The defending champion Nuggets erased a 10-point first-quarter deficit to beat the Lakers 112-105 in Los Angeles. READ MORE: NBA: Sixers get boost from Embiid’s 50 points to beat Knicks NBA:.....»»
Murray buzzer-beater lifts Nuggets over Lakers
Jamal Murray fired the game-winner at the buzzer as the NBA champion Denver Nuggets erased a 20-point deficit to beat the Los Angeles Lakers, 101-99, and take a 2-0 lead in their Western Conference playoff series......»»
Peso may outperform peer currencies this year
The peso is seen outperforming other currencies in the region this year, but is not likely to strengthen against the dollar due to expectations of delayed rate cuts and the Philippines’ trade deficit, according to British banking giant HSBC......»»
Philippines total external trade up 9.7 pct in February
MANILA, April 11 (Xinhua) -- The Philippines' total external trade in goods increased by 9.7 percent in February to 15.46 billion U.S. dollars, the Philippine Statistics Authority (PSA) said on Thursday. Of the total external trade in February, 61.8 percent were imported goods, while the rest were exported goods, the agency said. The PSA said the deficit of trade in goods amounted to 3.65 billion dollars,.....»»
Budget shortfall unlikely to return to pre-COVID-19 level — DBCC
Nearly two years into the term of the Marcos administration, government economists acknowledged that reducing the country’s budget deficit would take longer than initially projected amid the need to still support key programs despite a limited fiscal space, with returning to pre-COVID levels unlikely to happen in the short-term......»»
Budget shortfall unlikely to return to pre-COVID-19 level — DBCC
Nearly two years into the term of the Marcos administration, government economists acknowledged that reducing the country’s budget deficit would take longer than initially projected amid the need to still support key programs despite a limited fiscal space, with returning to pre-COVID levels unlikely to happen in the short-term......»»
Budget shortfall unlikely to return to pre-COVID-19 level — DBCC
Nearly two years into the term of the Marcos administration, government economists acknowledged that reducing the country’s budget deficit would take longer than initially projected amid the need to still support key programs despite a limited fiscal space, with returning to pre-COVID levels unlikely to happen in the short-term......»»
Xinhua world economic news summary at 0900 GMT, April 1
MANILA -- The Philippine government's budget deficit increased to 164.7 billion pesos (2.93 billion U.S. dollars) in February, the country's Bureau of the Treasury said Monday. "The wider budget gap stemmed from the 22.14 percent year-over-year increase in expenditures, matched with moderate revenue growth of 5.73 percent," the bureau said. With the February turnout, the bureau said the year-to-date fiscal balan.....»»
BSP prodded to build up forex reserves
The Bangko Sentral ng Pilipinas should continue rebuilding its gross international reserves amid the wide current account deficit and heavy reliance on debt funding, according to Bank of America Global Research......»»
Government posts P88 billion surplus
The Marcos administration snapped eight consecutive months of budget deficit after it recorded a surplus of P88 billion in January as revenue collections outpaced spending......»»
Rare 4-shot swing keys Ababa’s rise to the top
Sarah Ababa staged an amazing comeback, erasing a daunting four-stroke deficit in just one-hole and leveraging that pivotal moment to propel herself to victory in the ICTSI Apo Golf Classic, ending a prolonged drought on the Ladies Philippine Golf Tour with a closing 73......»»
Ababa rules ICTSI Apo Golf Classic after rare 4-shot swing
Sarah Ababa staged an amazing comeback, erasing a daunting four-stroke deficit in just one-hole and leveraging that pivotal moment to propel herself to victory in the ICTSI Apo Golf Classic......»»
Philippines external trade drops 2.1 pct in January
MANILA, March 12 (Xinhua) -- The Philippines' total external trade in goods declined 2.1 percent year-on-year in January to 16.09 billion U.S. dollars, the Philippine Statistics Authority (PSA) said on Tuesday. Of the total external trade in January, 63.1 percent were imported goods, while the rest were exported goods, the agency said. The PSA said trade deficit in January amounted to 4.22 billion dollars.....»»
Chan tops Q-School
Amateur standout Aidrid Chan marked his transition to the professional ranks with a remarkable victory in the Philippine Golf Tour Q-School, overhauling a four-stroke deficit with a 68 and securing the low medal honors by three at the South Pacific Golf and Leisure Estates here yesterday......»»