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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......»»
$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......»»
Ravens sign Justin Madubuike to four-year extension
The Baltimore Ravens have locked in one of their key defensive pieces for the foreseeable future. The team announced a four-year contract extension for defensive.....»»
Phase II FMR road of Brgys. San Jose to Langoyon completed
The project has a total revised contract amount of P12.91 million funded under the General Appropriations Act (GAA) for FY 2023 in convergence with the Department of Agriculture......»»
India delivers BrahMos missiles to Philippines
The contract for supersonic missiles co-developed with Russia was signed by the two Asian nations in 2022 India delivered the first batch of BrahMos supersonic cruise missiles to the Philippines on Friday, the ANI news agency has reported. A $375 million deal to supply the systems co-developed by New Delhi and Moscow.....»»
Vivant FY23 profit: P2.3-B (up 43%)
Vivant Corporation [VVT 14.32 unch; 0% avgVol] [link] teased an FY23 net income of P2.3 billion, up 43%, boosted by the recognition of P366 million in a one-time, non-core “management and technical contract”......»»
Samar I continues road construction to augment road network
The project has a contract amount of P48.51 million and is targeted to be completed in 2031......»»
Nabang-Gadgaran road commenced construction
Samar First DEO has commenced the construction of the Nabang-Gadgaran road with the contract amount of P94.8 million under the Convergence and Special Support Program (Tatag ng Imprastruktura para sa Kapayapaan at Seguridad or TIKAS)......»»
Catch wall built in Brgy. Nabang to protect motorists
Samar First District Engineering Office has completed the construction of a concrete catch wall in Brgy. Nabang, Calbayog City, Samar with a total revised contract amount of P38.40 million funded under the General Appropriations Act (GAA) 2023......»»
CNPF to expand capacity after new deal with Vita Coco
Century Pacific Food Inc., the Po family’s listed food and beverage firm, is poised to invest $40 million to expand its capacity after securing a fresh long-term contract with US-headquartered The Vita Coco Co. Inc......»»
Three MPBs built in barangays of Calbayog City
Construction of three (3) multipurpose buildings in the First District of Samar has already been completed with a revised contract amount of P14.57 million, funded under the General Appropriations Act (GAA) 2022......»»
SFDEO implements two farm-to-market roads
Samar First District Engineering Office will implement two Farm-to-Market Roads (FMRs) in convergence with the Department of Agriculture with a total contract amount of P22.56 million......»»
Calbayog Airport by-pass road commences second phase
Second phase in the construction of Calbayog Airport by-pass road is now underway with a contract amount of P69.12 million taken from the General Appropriations Act (GAA) for FY 2023 said Samar First DEO......»»
Steve Kerr, Golden State agree to $35 million, 2-year extension, AP sources say
Steve Kerr, Golden State agree to $35 million, 2-year extension, AP sources say.....»»
US spending $7mn a year on seized Russian yacht
The luxury vessel worth $300 million was arrested in Fiji in 2022 The US government is spending more than $7 million a year to maintain a superyacht it seized from a sanctioned Russian businessman and that it is now seeking to sell, a court filing from Friday showed. The yacht, named 'Amade.....»»
Thailand s rice exports up 44 pct in January
BANGKOK, Feb. 6 (Xinhua) -- Thailand's rice exports jumped 43.96 percent from a year earlier to 1.12 million tons in January, government spokesperson Chai Wacharonke said on Tuesday. The government has set a rice export target of 7.5 million tons this year as part of efforts to develop the quality of rice varieties and expand access to Thai rice in overseas markets, Chai said in a statement. Authorities a.....»»
IT-BPM industry eyes 1.84 million jobs this year
The Information Technology and Business Process Management is targeting to exceed 1.84 million jobs this year......»»
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 gets P575 million to address climate change
The Philippines has secured a financial boost of P575 million ($10 million) to ramp up its programs aimed at addressing the worsening impacts of climate change......»»
P7.01 million shabu, P3.1 million kush seized
Anti-narcotics agents confiscated 1.03 kilos of shabu with an estimated street value of P7.01 million in Dumaguete City yesterday......»»