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Philippines foreign investments yield net outflows in December

MANILA, Jan. 25 (Xinhua) -- The Philippines' foreign investments yielded net outflows of 205 million U.S. dollars in December 2023, the Philippine central bank said Thursday. The Bangko Sentral ng Pilipinas (BSP) said the December net outflow resulted from the 1.3 billion dollars in gross outflows and the 1.1 billion dollars gross inflows for the month. "The recorded net outflows are a reversal of the 673.....»»

Category: newsSource:  manilanewsRelated NewsJan 25th, 2024

Philippines foreign investments yield net outflows in December

MANILA, Jan. 25 (Xinhua) -- The Philippines' foreign investments yielded net outflows of 205 million U.S. dollars in December 2023, the Philippine central bank said Thursday. The Bangko Sentral ng Pilipinas (BSP) said the December net outflow resulted from the 1.3 billion dollars in gross outflows and the 1.1 billion dollars gross inflows for the month. "The recorded net outflows are a reversal of the 673.....»»

Category: newsSource:  philippinetimesRelated NewsJan 25th, 2024

Sanchez keys Davao Occidental squeaker in PSL President s Cup

Justin Sanchez delivered  the game-winning basket right before the buzzer sounded to carry Davao Occidental to a thrilling 75-73 squeaker past the hard-fighting Bulacan JT Taipans......»»

Category: newsSource:  philstarRelated NewsFeb 21st, 2024

Magnitude 4.5 quake jolts Davao Occidental

A magnitude 4.5 earthquake rocked Davao Occidental before dawn yesterday, a day after two strong temblors hit Agusan del Sur, according to the Philippine Institute of Volcanology and Seismology......»»

Category: newsSource:  philstarRelated NewsFeb 11th, 2024

DPWH tallies 268 gov’t and school buildings partially destroyed in Hinatuan quake

The Department of Public Works and Highways (DPWH) in Davao Region reported that a total of 268 school and national government buildings were partially destroyed by the magnitude 7.4 earthquake that struck Hinatuan, Surigao del Sur on December 2. The estimated damage amounted to P108,497,894.84 for school buildings and P1,899,365.60 for national government buildings. The damages included cracks on walls and falling debris such as ceilings. According to Engr. Alexander Turingan of DPWH XI, there were no reported damages in Davao Occidental and Davao del Sur. Franz Irag, Office of Civil Defense (OCD) XI operations head, emphasized the importance of addressing damages to school buildings, which also serve as evacuation centers during calamities. Dean Ortiz, spokesperson of DPWH XI, highlighted the agency's focus on national roads and bridges, clarifying that they will respond to requests to inspect private and government buildings. Architect Kashagar Toghyani, officer-in-charge of the Office City Building Official (OCBO) of Davao City, urged private building owners to promptly engage professional engineers to assess structural integrity, especially for buildings housing more than 10 individuals. He emphasized the necessity of fire inspections and transparency with building occupants to ensure their safety. The recent earthquakes did not affect government buildings in the Davao Region, and DPWH is committed to conducting thorough assessments and ensuring the safety of buildings and their occupants in the aftermath of the quake......»»

Category: newsSource:  sunstarRelated NewsJan 26th, 2024

Marcos appoints lawyer as LWUA chief

President Marcos has appointed Jose Moises Salonga as the new Local Water Utilities Administration chief, Malacañang said yesterday......»»

Category: newsSource:  philstarRelated NewsFeb 27th, 2024

Aboitiz Foundation appoints new leaders

The Aboitiz Foundation announced the appointment of Ana Margarita Hontiveros-Malvar as its new president, concurrent with her existing role as the chief reputation and sustainability officer of Aboitiz Equity Ventures while Maria Remedios Dominique Suplido assumes the role of Aboitiz Foundation’s chief operating officer......»»

Category: financeSource:  philstarRelated NewsJan 10th, 2024

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......»»

Category: newsSource:  sunstarRelated NewsJan 30th, 2024

Ex-President Duterte is lone 2024 Datu Bago awardee

DAVAO CITY (MindaNews / March 5)—Former President Rodrigo Duterte, who also served as mayor for over two decades, will be the lone 2024 Datu Bago awardee. Davao City Councilor Pilar Braga, who also chairs the Datu Bago Awards Organization (DBAO), said it is high time for Duterte to receive the award as the “most deserving […].....»»

Category: newsSource:  mindanewsRelated NewsMar 10th, 2024

Old Colleagues

Former President Rodrigo Duterte is welcomed by his former colleagues in the City Government of Davao—(L-R): Tonying Llamas, Wendell Avisado, and Verner Monsanto—at the Grand Men Seng Hotel in Davao City Tuesday evening (30 January 2024). Duterte faced the press anew for his squabble with President Ferdinand Marcos Jr. MindaNews photo.....»»

Category: newsSource:  mindanewsRelated NewsFeb 4th, 2024

Delivery drivers urge Mayor Baste for business permit exemption

Title: Delivery Drivers Seek Exemption from Business Permit Requirement A group of delivery drivers in Davao is urging Mayor Sebastian Duterte to exempt them from the mandatory business permits. The drivers, including those from various delivery apps such as Grab and FoodPanda, are concerned about the financial burden imposed by the business permits, which range from P2,000 to P6,000. They argue that this requirement is unique to Davao City among all cities and provinces in the Philippines. Grab rider Rolando Atico emphasized the need for solidarity among all delivery drivers, regardless of the app they work for. He urged fellow drivers to support each other, as the financial impact may extend beyond just Grab and FoodPanda. Atico also requested Mayor Duterte to reconsider the requirement and reinstate the previous occupational permit, which only cost P125. The group is facing a 30-day deadline to obtain the business permits, and they are citing financial constraints as a reason for their request for an extension. Failure to comply could result in their removal from the delivery platforms, jeopardizing their livelihoods. Additionally, they are advocating for changes to Davao City's Revenue Code, proposing a model similar to Cebu City, where only an occupational permit is required. The drivers are also calling for an inquiry into the lack of transparency and unilateral actions of food delivery companies, particularly concerning rider capitalization and financial concerns. They believe that a thorough investigation will help ensure fairness and equity in their financial obligations and working relationship with the delivery companies. Maribel Paguican, the Business Bureau officer-in-charge, stated that non-certified delivery riders categorized as service contractors must obtain a business permit. She mentioned two permits for occupational and business activities, with a discounted structure for delivery riders. However, concerns have been raised about increased taxes, potentially ranging from P3,000 to P6,000, along with an additional tax on top of the declared income of P1,400. The delivery drivers' plea for exemption from the business permit requirement reflects their concerns about the financial impact and the potential threat to their livelihoods. Their call for solidarity and support from fellow drivers highlights the urgency of the situation. This story sheds light on the challenges faced by delivery drivers in Davao and the implications of the business permit requirement on their financial well-being. It also underscores their efforts to seek fairness and equity in their working relationship with the authorities and delivery companies......»»

Category: newsSource:  inquirerRelated NewsJan 22nd, 2024

Simula Enero, mahigit 200 na ang patay dahil sa pagkalunod –PNP

AS of March 28, nasa 212 na ang patay dahil sa pagkalunod sa karagatan at ilog sa buong bansa. Ayon ito sa report ng Philippine National Police (PNP) na ipinadala sa INQUIRER.net kamakailan lang. Base sa datos, 223 individuals ang sangkot sa drowning incidents mula pa noong nagsimula ang taong 2024. Maliban sa 212 deaths,.....»»

Category: newsSource:  inquirerRelated NewsMar 30th, 2024

DOT seeks inclusion in protected areas board amid Chocolate Hills issue

Department of Tourism Sec. Christina Frasco —INQUIRER.net file photo / Ryan Leagogo After the recent controversy surrounding a resort development near Chocolate Hills in Sagbayan town, Bohol, the Department of Tourism (DOT) announced plans to advocate for its inclusion in the national government’s Protected Area Management Board (PAMB). Tourism Secretary Christina Frasco stated during a.....»»

Category: newsSource:  inquirerRelated NewsMar 23rd, 2024

'SerbisyoBandera: 72-anyos ginawang ‘community library’ ang bahay sa Makati

ISA lang naman ang misyon sa buhay ng 72-year-old na si Mang Nanie mula sa Makati City. ‘Yan ay matulungan ang maraming mahihirap na kabataan sa pamamagitan ng libro! Yes, yes, yes mga ka-Bandera, hindi superpowers ang kailangan ni Mang Nanie upang matupad ang kanyang layunin – kundi napakaraming libro. Sa naging interview with INQUIRER.net,.....»»

Category: newsSource:  inquirerRelated NewsJan 21st, 2024

Kampo ni Ian Veneracion balak sampahan ng kaso ang writer-director na si Ronaldo

PINAG-AARALAN na ng kampo ni Ian Veneracion ang isasagawang “legal action” laban sa writer-director na si Ronaldo Caballo. Ito ay kaugnay pa rin sa viral post ni Ronaldo na isiniwalat at inireklamo ang kalahating milyong talent fee ng batikang aktor. Nakakuha ang INQUIRER.net ng exclusive statement mula sa management ni Ian at inihayag nila na.....»»

Category: newsSource:  inquirerRelated NewsJan 19th, 2024

Pasig City tells hotel to explain disregard of senior discount or face closure

MANILA, Philippines — Pasig City on Wednesday ordered a hotel to explain why the local government should not issue a cease and desist order after it denied a 20-percent discount to a senior citizen. INQUIRER.net will withhold the name of the establishment and its hotel management until it gets the side of the hotel company......»»

Category: newsSource:  inquirerRelated NewsJan 17th, 2024

Nadine Lustre sa paggawa ng GL movie with Maris Racal: ‘Ako, game ako!’

NAKARATING na kay Nadine Lustre ang pagnanais ni Maris Racal na makatambal siya sa paggawa ng lesbian movie o Girl Love (GL) movie. Ayon kay Nadine, game na game siyang makatrabaho si Maris. Pero bago ‘yan, natanong muna ng INQUIRER.net ang aktres kung handa na ba itong sumabak sa nabanggit na genre ng pelikula. “I.....»»

Category: newsSource:  inquirerRelated NewsJan 14th, 2024

PHOTO ESSAY: Waterworld in Carmen

CARMEN, Davao del Norte (MindaNews / 02 February) – Travel from Davao City to Tagum City and other parts of the Davao region, Agusan-Surigao and Manila was cut off  Friday due to flooding  in Barangay Tuganay. Tuganay connects Davao City with Tagum in Davao del Norte, from where one can proceed to Davao Oriental, Davao de […].....»»

Category: newsSource:  mindanewsRelated NewsFeb 4th, 2024

Mati City, 10 municipalities in Davao Oriental suspend classes, work

Following the impact of a Low-Pressure Area (LPA) affecting Northern and Southern Mindanao, local government units (LGUs) in Davao Oriental have collectively suspended classes and government and private offices. The City of Mati and 10 municipalities, including Baganga, Governor Generoso, Cateel, and others, have issued Executive Orders in line with Presidential Executive Order No. 66, series of 2012. The Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) has forecasted moderate to heavy rains in Davao Oriental due to the Northeast Monsoon (Amihan) and LPA, posing a risk of landslides and flash floods. The Provincial Local Government Unit of Davao Oriental and Municipal Disaster Risk Reduction Management Councils have reported landslides in Lupon and Cateel, with ongoing clearing operations. The Bureau of Fire Protection and other government agencies have rescued families affected by flash floods in Cateel and Caraga. Franz Irag from the Office of Civil Defense-Davao Region confirmed that around 200 individuals or close to 500 families in Davao Region have been displaced and are now in evacuation centers. Additionally, five LGUs in the province of Davao de Oro have also declared the suspension of classes and work in both public and private offices......»»

Category: newsSource:  sunstarRelated NewsJan 30th, 2024

Travel agencies group warns about cheap, illegal operators

The Davao Travel Agencies Association (DTAA) has issued a warning about unregistered and illegal travel and tour operators in their area. These operators have been found to be offering travel and tour services without proper licensing, leading to issues such as lack of refunds, scheduling problems, and other travel arrangement discrepancies. Pia Partoza Montano, a travel agency owner and Vice-President for the Travel and Tours Sector of DTAA, emphasized the prevalence of these unauthorized operators, particularly in inbound tourism, and the challenges in monitoring and regulating them due to their large numbers. Montano also highlighted the potential risks associated with using these unregistered agencies, as they may offer cheaper rates but could lead to problems in case of incidents. To address this issue, the Department of Tourism-Davao (DOT-Davao) has introduced a QR code system to help the public verify the legitimacy of travel agencies by accessing data on authorized and registered operators. The DOT-Davao encourages travelers to transact with accredited enterprises to ensure the quality and reliability of their travel arrangements. Currently, there are at least 109 registered travel and tour agencies in Davao City under DOT-Davao's accreditation. The DOT-Davao also provides information on the requirements for registration and renewal for travel agencies on their official website. This warning serves as a reminder for the public to be cautious and discerning when engaging with travel and tour operators to avoid falling victim to unauthorized and illegitimate services......»»

Category: newsSource:  inquirerRelated NewsJan 17th, 2024