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Xinhua world economic news summary at 0900 GMT, Jan. 19
MANILA -- The Philippines' overall balance of payments (BOP) posted a surplus of 642 million U.S. dollars in December 2023, higher than the 612 million dollars recorded in the same month 2022, the country's central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) said the BOP surplus in December 2023 reflected inflows arising mainly from the national government's net foreign currency deposits with the BSP.....»»
Russia boosting trade with fellow BRICS nation
Turnover with Brazil nearly doubled in December as the South American country ramps up imports of commodities from Moscow Trade between Russia and Brazil surged to record volumes in December despite Western sanctions as fellow BRICS countries continue expanding economic ties, RIA Novosti reported this week. .....»»
US CPI for December slightly hotter than expected
The data for the US Consumer Price Index in December showed that prices increased 3.4% y/y, which was higher than the November CPI result (3.1% y/y) and (more importantly) higher than the consensus expectations in the market of a 3.2% y/y increase......»»
From the Newsrooms, December 4 to 9
From the Newsrooms, December 4 to 9.....»»
No interruptions in Metro Manila water supply, DENR exec says
There would be no water supply interruptions even if Angat Dam’s water level dips to its minimum operating level of 180 meters by mid-May, a Department of Environment and Natural Resources official said yesterday......»»
WATCH: Jinky Vidal s bandmate makes surprise wedding proposal mid-performance
Jinky Vidal, one of the original singers of iconic '90s band from Davao, Freestyle, is in the Philippines for her ongoing "Homecoming" bar tour......»»
AllDay Supermarket earns 22% more in 2023
Strong revenues boosted earnings of Villar-led mid-premium supermarket chain AllDay Supermarket to rise by 22.4 percent to P369 million in 2023......»»
Unconsolidated jeepneys given 15-day leeway after consolidation deadline
Unconsolidated jeepneys that continue to ply their routes after the April 30 deadline will be free from penalties until mid-May — but they will be fined and impounded as "colorum" vehicles should they continue after initial reminders......»»
Power to the people
What is worse than this infernal weather, with the heat index surging to the mid-40s, threatening people’s health and well-being, and causing either the suspension of classes or a shift to synchronous or asynchronous modes of learning?.....»»
Ridgewood Premier Hotel to open doors in mid-2024
Ridgewood Premier Hotel is set to open its doors by the middle of the year, with very few units still up for grabs for prospective investors......»»
Export of raw sugar to US planned by mid-year
The Sugar Regulatory Administration has started the preparatory work for the country’s export of raw sugar to the US as early as the middle of the year......»»
Guest Opinion: Destabilizing South China Sea is U.S. strategic objective
by Koh King Kee Tensions are heating up in the South China Sea as the standoff between Chinese and Philippine Coast Guards at Ren'ai Jiao continues. Most notably, the U.S. Army has recently deployed its new Typhon mid-range ground-based missile launcher to Luzon, the Philippines. This marked the first deployment of such a missile system by the United States following its withdrawal from the Intermediate-R.....»»
Filinvest Development FY23 profit: P12.1-B (up 46%)
Filinvest Development, the Gotianun Family’s mid-tier conglomerate, posted an FY23 consolidated net income of P12.1 billion, up 46% from its FY22 consolidated net income of P8.3 billion......»»
What to do with Miru deal
Before the Holy Week break, a top official of the National Security Council raised concerns and fears of potential “foreign interference” in our country’s upcoming May 2025 mid-term elections......»»
DTI wants FTA with South Korea ratified by mid-year
The Department of Trade and Industry wants the free trade agreement between the Philippines and South Korea to be ratified by the middle of this year......»»
Hamas tells mediators it will stick to original position on ceasefire
Hamas earlier presents a Gaza ceasefire proposal to mediators and the United States in mid-March that includes the release of Israeli hostages in exchange for freedom for Palestinian prisoners, 100 of whom are serving life sentences.....»»
Bank loans used as RRR compliance hit P6.4 billion
Mid-sized and small banks have extended around P6.4 billion loans to micro, small and medium enterprises (MSMEs) as well as large companies, and booked these loans in compliance with their reserve requirement ratios, according to the Bangko Sentral ng Pilipinas......»»
Cha-cha plebiscite during mid-year elections: No media question on Comelec s apparent uncertainty
BOTH LEGISLATIVE chambers are on the forefront of ongoing charter change discussions. Legislators have repeatedly said that amendments will be limited to economic measures in the 1987 Constitution.Meanwhile, the Commission on Elections (Com.....»»
NWRB cuts water supply for Metro next month
The National Water Resources Board will slash the water allocation for Metro Manila to 48 cubic meters per second from 50 cms starting mid-April to conserve water supply that has been impacted by the ongoing El Niño......»»
Nature’s Kaleidoscope
A low lying rainbow shows up over a mountain past a pineapple farm in Malaybalay City mid afternoon Sunday (10 March 2024). MindaNews photo by BOBBY TIMONERA.....»»