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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.....»»
Beware of ‘love scams’ as Valentine’s Day nears — DILG
MANILA, Philippines — Interior and Local Government Secretary Benjamin Abalos Jr. on Tuesday warned Filipinos of possible love scams as Valentine’s Day approaches. In a Palace briefing, Abalos explained that these involve criminals studying the personal life and interests of their targets and appealing to them emotionally. “Iyong love scam, I don’t know if you’ve heard about.....»»
Police: Beware of online ‘love scams’ this love month
CEBU CITY, Philippines – Authorities here are reminding the public to not be swayed by sweet words and fake promises and end up as victims of “love scams” especially this love month On the second day of the month of February, Police Lieutenant Colonel Janette Rafter, Deputy Director for Operations of the Cebu City Police.....»»
Local Sourcing: A Sustainable Approach for Small Business Owners
While we are now in a world where global supply chains rule any given industry, some are starting to explore the concept of sourcing locally, which has gained traction among small business owners. But what exactly does it mean to source locally, and how can this approach benefit your business in the long run? Supporting […].....»»
Philippines hailed as gold standard in migration management
The Philippines was recognized during a migration summit for setting “the gold standard” in migration management and being a “migration champion......»»
The Art of Time Management for Small Business Owners
Time is a small business owner’s most valuable resource as for many, time is their best capital. With countless tasks to juggle and limited hours in the day, mastering the art of time management is essential for maximizing productivity and achieving business success. So how can small business owners effectively prioritize their time and tasks […].....»»
Biz Bureau surpasses 43-K permit renewals
The Davao City Business Bureau has achieved a significant milestone by processing over 43,000 business permit renewals as of January 29, 2024, surpassing last year's numbers. Maribel Paguican, the Head of the Business Bureau, revealed this accomplishment in a radio interview on January 30, 2024. She highlighted the bureau's performance, stating that they had already exceeded the previous year's figures by 270 renewals. Despite the positive outcome, Paguican acknowledged that they are still short of reaching the 46,000 permits issued the previous year. With approximately 2,890 renewals remaining, including 291 applicants considering retirement, the bureau anticipates around 2,599 renewal applicants. Paguican emphasized the upcoming retirement deadline on January 31, urging business owners to comply to avoid penalties ranging from P1,000 to P5,000. She also advised on the required documentation for retirement, emphasizing the importance of submitting the necessary paperwork to facilitate the process......»»
Al-ag proposes to repeal ordinance requiring delivery riders biz permits
Davao City Councilor Bernie Al-ag has proposed the repeal of an ordinance that requires delivery riders to obtain business permits. The ordinance in question, City Ordinance 0612-21 series of 2021, classified delivery riders as independent service contractors, mandating them to apply for business permits. However, a joint memorandum circular issued by various government agencies exempts individuals providing personal services, including delivery riders, from securing business permits. Al-ag emphasized that the city government must adhere to the guidelines set forth in the memorandum. While the proposed repeal is pending, Al-ag advised delivery riders to comply with the existing ordinance. He expressed confidence in the passage of the repeal, citing the solid basis provided by the joint memorandum. Despite a group of delivery riders seeking an audience with Davao City Mayor Sebastian Duterte on the matter, Al-ag's proposal was drafted in response to a separate petition. He clarified that the repeal is not about monetary collection but aligning with national law, which exempts delivery riders from obtaining business permits. Al-ag remains optimistic about the repeal's approval, pointing to the support provided by the joint memorandum as a strong foundation for his proposal......»»
Metrobank looking to raise $0.5-B in USD debt offering
Metrobank announced that it has selected Bank of America Securities and UBS as joint global coordinators to run a process to sell up to $500 million in dollar-denominated senior unsecured notes, “with option to upsize”......»»
Bashers and haters, beware
The proliferation of irreverent comments, bashing and hating in social media has led IOC to build a protective wall around 15,000 athletes and 2,000 coaches expected to gather for the coming Paris Olympics with an AI platform called Threat Matrix......»»
QCPD to deploy ‘green cops’
Litterbugs beware: a group of police officers will patrol the streets of Quezon City and run after violators of environmental laws......»»
PNP to elderly: Beware of Glue Ladies
A criminal gang composed mostly of women is preying on senior citizens making cash withdrawals from automated teller machines......»»
DOH: Beware of false product endorsements
In an advisory, the DOH said that such endorsements are “fake, misleading, and unauthorized by the department or any of its affiliate organizations.”.....»»
This Valentine’s season, beware of love scams too
Interior chief Benhur Abalos says scammers study their victims' interests and personalities, like their music taste or even sports interests, to be closer to their targets.....»»
MIC wants to join global network of SWF
State-run Maharlika Investment Corp. (MIC) is applying to be a member of the global network of sovereign wealth funds (SWF) in a bid to boost transparency and good governance......»»
Remolino, Alcoseba rule Go For Gold Sunrise Sprint Triathlon Race in Camsur
CEBU CITY, Philippines — Roughly two weeks after they lorded the National Age Group Triathlon (NAGT) in Subic Bay, Cebu’s pride Andrew Kim Remolino and Raven Faith Alcoseba stamped their class anew, this time in Camarines Sur. Remolino and Alcoseba topped the overall male and female divisions, respectively, in the Go For Gold Sunrise Sprint.....»»
UC Webmasters bag 3 gold medals in Cebu City Olympics chess tourney
CEBU CITY, Philippines— The University of Cebu (UC) Webmasters secured three gold medals in the recently concluded Cebu City Olympics chess tournament held at SM Seaside City Cebu this week. After seven rounds of competition, John Dave Lavandero, Edelyn Vosotros, and Adina Vera Kwan dominated their respective categories. Importantly, they will represent Cebu City in.....»»
PH Economy Remains Optimistic Amid Global Slowdown
The country is one of the fastest growing economies in East Asia and the Pacific according to the World Bank, foreseeing robust growth despite global economic slowdown. In the latest World Bank Global Economic Outlook report released on Tuesday, the Philippines is expected to maintain its economic growth rate in 2024 at 5.8%, slightly higher […].....»»
Unlock business success at Franchise Asia Philippines Expo
The Franchise Asia Philippines Expo 2024 is set to hold a series of dynamic seminars designed to empower entrepreneurs, investors and business enthusiasts with the knowledge and tools needed to thrive in the ever-evolving world of franchising. Slated from April 12 to 14 at the SMX Convention Center Manila, these seminars offer invaluable insights into key aspects of franchising and business growth......»»
Talisay shooting: Cops launch relentless pursuit of killers
CEBU CITY, Philippines – Police in Talisay City are on a relentless hunt for the two suspects who gunned down a man who was playing volleyball in Barangay Lagtang on Sunday, January 28, 2024. Residents of the barangay were shocked when two unidentified men suddenly shot Erby Linganay while he was immersed in a game.....»»