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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.....»»
Why the dollar is still strong
Despite the ongoing wars in Ukraine and Gaza, Fitch’s credit rating downgrade of the US, the lowering of the US credit rating outlook to negative by Moody’s and a growing US debt burden, the US dollar has regained its strength......»»
Why the dollar is still strong
Despite the ongoing wars in Ukraine and Gaza, Fitch’s credit rating downgrade of the US, the lowering of the US credit rating outlook to negative by Moody’s and a growing US debt burden, the US dollar has regained its strength......»»
Weak exports still biggest hurdle to Philippines expansion
The Philippine export sector remains the biggest drag to economic expansion as it takes a hit from the slowdown in major trading partners, according to a unit of Fitch Solutions......»»
Tourist arrivals seen to breach pre-COVID-19 levels
The country’s tourism sector is expected to sustain its recovery this year, with international arrivals hitting 8.21 million, effectively closing in to pre-COVID levels, according to a unit of Fitch Solutions......»»
Saudi Arabia: Migrant Workers Long Overdue Wages at Risk
(Beirut) - Representatives of two construction companies in Saudi Arabia announced recently that migrant workers will get their long overdue unpaid wages, but gaps in the repayment scheme puts the payments at risk, Human Rights Watch said today.Saudi authorities should ensure all former workers of these companies receive the full amount they.....»»
Saudi Arabia: Migrant Workers Long Overdue Wages at Risk
(Beirut) - Representatives of two construction companies in Saudi Arabia announced recently that migrant workers will get their long overdue unpaid wages, but gaps in the repayment scheme puts the payments at risk, Human Rights Watch said today.Saudi authorities should ensure all former workers of these companies receive the full amount they.....»»
Russian economy on sustainable growth trajectory - Mishustin
The country's GDP expanded above expectations last year Russia has not only withstood the pressure of Western sanctions and outside risks but has also managed to steer its economy toward sustainable growth, Prime Minister Mikhail Mishustin said on Tuesday. Every sector of industry registered positive dev.....»»
Malabon cites STAR’s Villeza, Peñaredondo
The city government of Malabon yesterday recognized 79 people, government agencies and organizations for their contributions to the city’s effective implementation of programs......»»
PLDT s Davison cites team s growing PVL fanbase
Savi Davison looked beyond the four corners of the volleyball court as she reflected on the growth of the PLDT High Speed Hitters after playing their final game of the 2024 PVL All-Filipino Conference......»»
DA cites serious implications of banning genetically modified products
By Kris M. Crismundo MANILA, Dec 17 (PNA) — The Department of Agriculture Biotechnology Advisory Team (DA-BAT) has cited serious implications of the Supreme Court’s (SC) decision of banning “the use, testing,........»»
WFP head cites Philippines food stamp program
The Philippines’ food stamp program has been lauded by the World Food Program......»»
PCCI cites economic benefits from Philippines-EU FTA
The country’s largest business organization welcomed the announcement of the resumption of the free trade agreement negotiations between the Philippines and the European Union as it expects the deal to bring economic benefits for both parties......»»
NU cites intense preparation in masterclass win vs UE
Preparation was the key factor for the National University Lady Bulldogs as they pulled off a lopsided victory over the UE Lady Warriors......»»
MILF cites non-Moro governor’s support to peace process
The Moro Islamic Liberation Front on Wednesday awarded a non-Muslim governor of a province outside of the Bangsamoro region a special citation for supporting the peace overture between the MILF and Malacañang since its inception in 1997......»»
House panel cites Quiboloy for contempt for snubbing SMNI franchise hearings
MANILA, Philippines — Kingdom of Jesus Christ (KJC) founder Apollo Quiboloy has been cited for contempt for still refusing to attend the House of Representatives committee on legislative franchises hearing on the Sonshine Media Network International (SMNI) issue. Surigao del Sur 2nd District Representative Johnny Pimentel moved to hold Quiboloy in contempt after the latter still failed.....»»
House panel cites Quiboloy in contempt for snubbing SMNI franchise hearings
The House legislative franchises committee cited embattled preacher Apollo Quiboloy in contempt after he again refused to attend the panel’s hearing into the alleged franchise violations by the television network connected to his church......»»
US cites Japan’s increased contacts with Indo-Pacific nations
The US has cited Japan’s increased contacts with the Philippines, South Korea and Australia and working with the partners in the region, as Tokyo takes leadership roles in protecting global security......»»
Marcos Jr. lauds DepEd, cites gains under Sara
Despite having the “most difficult mandate,” the Department of Education has been able to set the stage for a “modern and responsive” educational system under its current leadership, President Marcos said yesterday......»»
Ombudsman affirms raps vs ex-DBM execs in Pharmally mess
The Office of the Ombudsman has affirmed its earlier ruling finding probable cause to file graft cases before the Sandiganbayan against former top officials of the Procurement Service of the Department of Budget and Management in connection with the Pharmally procurement mess amounting to P11.5 billion......»»