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Remittances soar to P33.5 billion in 2023 – BSP

MANILA, Philippines — Filipinos abroad sent a record amount of money back home in 2023 as remittances hit $33.5 billion, boosted by a stronger peso. This increase in the value of remittances helped households cope with high inflation. According to the Bangko Sentral ng Pilipinas (BSP), cash remittances through banks totaled $33.5 billion, marking a.....»»

Category: newsSource:  inquirerRelated NewsFeb 16th, 2024

Cebu Province inflation rate soared in March 2024

CEBU CITY, Philippines — Cebu Province inflation rate rose in March as Cebuanos continue to grapple with rising prices of goods and commodities, the latest inflation report by the Philippine Statistics Authority (PSA) Cebu showed. On Wednesday, April 17, PSA Cebu Chief Statistical Specialist Melchor Bautista presented the inflation report in Cebu Province for March.....»»

Category: newsSource:  inquirerRelated NewsApr 17th, 2024

Philippines Coast Guard says ship damaged in collision with Chinese vessel video

Footage published by the Philippines Coast Guard appears to show a collision between one of its ships and a Chinese Coast Guard vessel on Tuesday morning. The Philippines Coast Guard said it was carrying out a resupply mission in the South China Sea when it 'faced dangerous manoeuvres and blocking' from Chinese vessels that resulted in 'minor structural damage' to one of its vessels Continue reading........»»

Category: newsSource:  manilanewsRelated NewsApr 18th, 2024

Xinhua Commentary: Unveiling realities of mutual defense between Washington, its allies

© Provided by Xinhua While the U.S. concept of mutual defense appears to protect an ally, in reality, it serves as a security guarantee from a dominant power to its subordi.....»»

Category: newsSource:  manilanewsRelated NewsApr 17th, 2024

Rice inflation to remain elevated until August – DA

“This is the result of the engagements of President Marcos and Agriculture Secretary Francisco Tiu Laurel last year with the importers to bring in supply in preparation for El Niño.”.....»»

Category: financeSource:  philstarRelated NewsMar 5th, 2024

No change in BSP rates

As widely expected, the Bangko Sentral ng Pilipinas kept interest rates unchanged at a 16-year high as monetary authorities are looking for a more sustained downward trend in inflation......»»

Category: financeSource:  philstarRelated NewsFeb 15th, 2024

BSP: Inflation surpassed target in March

Inflation likely continued its uptick in March but breaching the target of the central bank for the first time in three months amid more expensive electricity costs, oil and food prices......»»

Category: financeSource:  philstarRelated NewsApr 1st, 2024

BSP urged: Ensure out-of-the-woods inflation before cutting interest rates

Monetary authorities must ensure that inflation is finally out of the woods before any move to ease policy rates, state-run Land Bank of the Philippines said......»»

Category: financeSource:  philstarRelated NewsApr 1st, 2024

March inflation may pick up amid high food prices

Inflation likely accelerated for the second straight month in March, mainly driven by high rice prices, prompting the Bangko Sentral ng Pilipinas (BSP) to keep borrowing costs unchanged at its next policy review in April, analysts said......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024

Fight vs inflation far from over – BSP

Bangko Sentral ng Pilipinas Governor Eli Remolona said it is too soon to declare victory in the fight against inflation, signaling a higher-for-longer rate environment, as inflationary risks continue to cloud the outlook......»»

Category: financeSource:  philstarRelated NewsMar 6th, 2024

BSP: February inflation expected to settle within gov t target

The Bangko Sentral ng Pilipinas expects that the inflation rate for February 2024 in the country will fall within the range of 2.8% to 3.6%......»»

Category: financeSource:  philstarRelated NewsFeb 29th, 2024

Cheating…..

CEBU CITY, Philippines— What does ‘probability’ mean? According to Merriam-Webster, it can mean two things: the chance that a given event will occur a logical relation between statements such that evidence confirming one confirms the other to some degree Just recently, a US divorce lawyer Kate Simonds shared some of her insights about the probability.....»»

Category: newsSource:  inquirerRelated NewsApr 5th, 2024

Didipio mine on track to hit output target

Didipio gold mine is on track to hit its 2024 production guidance after producing over 26,000 ounces of gold and 3,000 metric ounces of copper in the first quarter, OceanaGold Corp. said......»»

Category: financeSource:  philstarRelated NewsApr 18th, 2024

Marcos to Pinoys: Live like Christ, share blessings

President Marcos is calling on Filipinos to live like Christ, share their blessings and pray for guidance as they strive to win over the challenges confronting them......»»

Category: newsSource:  philstarRelated NewsMar 30th, 2024

Agoda’s Eco Deals Survey: 4 in 5 Travelers Care About More Sustainable Travel

As Pinoy travelers venture to explore new horizons, they are increasingly mindful of the potential impact of their choices. According to a survey conducted by digital travel platform Agoda, 92% of Filipino travelers care about more sustainable travel. Respondents highlighted that financial incentives, the availability of sustainable travel packages, and clearer guidance on sustainable travel […].....»»

Category: newsSource:  metrocebuRelated NewsMar 29th, 2024

China blocks use of Intel and AMD chips in government computers – report

The procurement guidance also seeks to sideline Microsoft Windows and foreign-made database software in favor of domestic options, a Financial Times report says.....»»

Category: newsSource:  rapplerRelated NewsMar 24th, 2024

New Board Members for UN Voluntary Trust Fund for Victims of Trafficking in Persons Announced

Vienna, 2024: The latest board of trustees of the UN Voluntary Trust Fund for Victims of Trafficking in Persons (UNVTF) has been established.  The board is now constituted of:The five anti-human trafficking experts, representing the five UN Regional Groups, were appointed by the UN Secretary General Antonio Guterres to provide strategic guidance to the Trust Fund over th.....»»

Category: sportsSource:  abscbnRelated NewsMar 1st, 2024

Robinsons Retail FY23 profit down 27.7% to P4.65-B

Robinsons Retail released guidance on its FY23 full-year results that showed a 27.7% drop in net income to P4.65 billion (from P6.44 billion)......»»

Category: financeSource:  philstarRelated NewsFeb 2nd, 2024

Free leptospirosis meds, anti-tetanus vaccines for flood-affected residents

Summary: The Davao City Health Office (CHO) is providing free medicines for leptospirosis and anti-tetanus shots to residents affected by floods. Dr. Tomas Miguel Ababon, CHO Officer-In-Charge, announced the availability of these medications during a media forum, emphasizing their dispatch during emergencies. He highlighted the proactive response of health district staff, ensuring that evacuation centers are equipped with prophylaxis for leptospirosis. Additionally, tetanus toxoid, dressings, and antibiotics are available for flood-related injuries. Ababon emphasized that these services and medications are provided free of charge. He advised seeking a doctor's guidance for the dosage of prophylaxis medicine, as well as the administration of antibiotics due to potential allergies. Despite recording 17 cases of leptospirosis in the first two weeks of the month, no related deaths were reported. This initiative aims to safeguard the health of flood-affected residents in Davao City......»»

Category: newsSource:  sunstarRelated NewsJan 19th, 2024

DITO confirmed that it is scaling back capex in 2024

DITO CME confirmed a report in the Manila Times that its 2024 “capex guidance will be tempered a bit” from its 2023 capex spending of P27 billion......»»

Category: financeSource:  philstarRelated NewsJan 16th, 2024