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No end in sight for ABS-CBN’s woes
Media giant ABS-CBN Corp. suffered a setback in its efforts to become profitable again, tripling its net loss to nearly P10 billion last year due to the impairment of some of its legacy assets......»»
BDO to remain cautious amid risks
BDO Unibank Inc., the country’s largest bank, will remain cautious this year despite strong profit growth in 2023 and in the first quarter of the year......»»
Uncertainty looms over Davao-Samal Bridge project amid RoW hurdles
The construction of the Samal Island-Davao City Connector (SIDC), also known as the Davao-Samal Bridge project, has faced numerous setbacks due to right-of-way (ROW) acquisition challenges. The project was halted on January 3, 2024, due to issues with landowners near a pier in Lanang at Davao City, leading to delays in the project's implementation. While there have been conflicting statements regarding the project's status, the National Economic and Development Authority-Davao Region (Neda-Davao) aims to complete the detailed engineering plans for the substructure of the west land via dock once the Deed of Transfer Possession in Davao City is released. However, ROW issues continue to persist. Despite these challenges, the project is still considered a priority and is included in the Davao Region Development Plan (DRDP) for 2023–2028. The project is funded through China’s Official Development Assistance with an estimated budget of P23.04 billion, and negotiations with the Philippine government are ongoing with a target completion date in 2027. The uncertainty surrounding the project's timeline remains as ROW hurdles persist, impacting the much-anticipated toll-free four-lane concrete exodus bridge spanning a 3.98-kilometer distance......»»
At WTO meet in UAE, Philippines expects deals on fisheries, agriculture, climate issues
By Binsal Abdulkader ABU DHABI, 25th February, 2024 (WAM) -- The Philippines expects successful negotiations on fisheries subsidies, agriculture, and climate issues at the World Trade Organisation's (WTO) 13th Ministerial Conference (MC13) in Abu Dhabi, according to Alfredo E. Pascual, the Secretary for Trade and Industry of the Philippines. "I am particularly enthusiastic about welcoming Comoros and Timo.....»»
At WTO meet in UAE, Philippines expects deals on fisheries, agriculture, climate issues
By Binsal Abdulkader ABU DHABI, 25th February, 2024 (WAM) -- The Philippines expects successful negotiations on fisheries subsidies, agriculture, and climate issues at the World Trade Organisation's (WTO) 13th Ministerial Conference (MC13) in Abu Dhabi, according to Alfredo E. Pascual, the Secretary for Trade and Industry of the Philippines. "I am particularly enthusiastic about welcoming Comoros and Timo.....»»
Meralco expects energy sales to grow this year
Despite a projected slowdown in demand from the commercial segment, the Manila Electric Co. (Meralco) still expects its energy sales to improve by 4.5 percent this year......»»
Biden hosts Philippines counterpart, Japan PM for first ever trilateral meeting amid China tensions
Washington, DC [US], April 12 (ANI): US President Joe Biden on Thursday hosted the Philippines President Ferdinand Marcos Jr and Japanese Prime Minister Fumio Kishida for the first-ever trilateral summit between the three countries and said that the US commitments to the defence of Japan and the Philippines remain "ironclad," CNN reported. The meeting, which came amid separate territorial disputes involving Japan, the Phi.....»»
Valderrama: Our hearts remain
Valderrama: Our hearts remain.....»»
MMDA to remain strict on e-trike, light vehicle ban
Despite an order from President Marcos, the Metropolitan Manila Development Authority would remain strict in banning light vehicles like e-bicycles, e-tricycles and tricycles from plying major roads in Metro Manila, acting MMDA Chairman Romando Artes said yesterday......»»
Marcos to Pinoys: Remain firm in your commitment, resolve this dragon year
President Marcos called on Filipinos to remain firm in their commitment and resolve to achieve a harmonious and progressive Philippines as he joined the Filipino-Chinese community in celebrating Chinese New Year yesterday......»»
ASEAN to remain among fastest growing regions
The Association of Southeast Asian Nations is likely to continue to see strong growth this year and remain among the fastest growing regions in the decade ahead, S&P Global Market Intelligence said. .....»»
Xinhua world economic news summary at 0830 GMT, Jan. 18
DAVOS, Switzerland -- Although the global economy is facing sluggish growth and numerous challenges, business leaders attending the 54th annual meeting of the World Economic Forum (WEF) remain confident over the prospects of the Chinese economy. Over recent years, China has been an important engine for the global economy. China's gross domestic product (GDP) posted a growth of 5.2 percent year-on-year in 2023, h.....»»
Pursuing art, navigating challenges
Feeling overworked, underpaid, and unappreciated, 22-year-old creative Vince Joseph W. Lim opens up about the challenges he faces in the bustling creative scene of Davao City. A graduate of Ateneo de Davao University with a degree in Bachelor of Arts in Communication, Lim highlights the struggle of balancing between earning a living and pursuing his passion for art out of his pocket......»»
2 Basilan military commanders tackle potential challenges
2 Basilan military commanders tackle potential challenges.....»»
World Bank urges Philippines to address funding, infrastructure challenges
The Philippines need to address challenges in terms of funding, lack of digital infrastructure and technical competencies as local government units are looking to develop smart cities, the World Bank said......»»
Job insecurity, climate change pose challenges in Philippines human development – UNDP
The lack of job security and the high exposure to climate and disaster risks are seen as challenges to the country’s economic growth and human development, making it necessary to make investments in climate resilience and education, according to the United Nations Development Program......»»
Airspeed: Overcoming challenges to achieve success in 2024
Airspeed: Overcoming challenges to achieve success in 2024.....»»
Agri secretary, PHILSHRIMP tackle shrimp industry challenges
Agri secretary, PHILSHRIMP tackle shrimp industry challenges.....»»
Near-target 2023 GDP growth acceptable amidst economic challenges – Neda chief
INQUIRER/ MARIANNE BERMUDEZ MANILA, Philippines — The country’s chief socioeconomic planner, Secretary Arsenio Balisacan of the National Economic and Development Authority (Neda), said that a 2023 economic growth slightly lower than the previous year’s 7.6 percent but near the government’s 6 to 7 percent target range would be considered acceptable, given the challenges faced by the.....»»
AFP’s main challenges: Preserving, protecting Philippines territory, sovereignty
Without specifically mentioning the West Philippine Sea and the country’s current problems with China in the area, Defense Secretary Gilbert Teodoro Jr. said preserving and protecting Philippine territory and sovereignty tops the military’s main challenges for 2024......»»