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Philippine daily wage insufficient to meet family living expenses
MANILA, Philippines — The nationwide daily wage disparity averaged P762 as of March 2024, with the daily minimum wage averaging only P440, the think tank Ibon Foundation said on Wednesday. Data from the Ibon Foundation showed that the wage gap was computed based on the average daily minimum wage and the average family living wage.....»»
Sinulog’s origins: Tracing the roots of Cebu’s iconic festival
Amid the debates about which Cebu town or city started the Sinulog, an official said they see the annual celebration not as a competition with other Sinulog festivities but as a sincere tribute to the Holy Child Jesus.....»»
2.4M Dabawenyos working as of Oct 2023
The October 2023 Preliminary Employment report by the Philippine Statistics Authority-Davao Region (PSA-Davao) reveals that 64 percent of the 3.780 million Dabawenyos aged 15 and above are part of the labor force, indicating that 2.42 million individuals are employed. This represents a 1.8 percentage point increase from the previous year. The report also highlights a 97.1 percent employment rate in the Davao Region as of October 2023, with a 2.9 percent unemployment rate, lower than the national average. Despite this, the region still maintains the highest employment rate in the Philippines. Additionally, the report compares employment rates across different regions, with Soccsksargen, Barmm, Central Luzon, CAR, Caraga, Western Visayas, Cagayan Valley, Mimaropa, and Central Visayas surpassing the national average. The Bangsamoro Autonomous Region in Muslim Mindanao (Barmm) records the highest labor force participation rate among 17 regions, while the Zamboanga Peninsula has the lowest rate. The data is collected through the Labor Force Survey (LFS) conducted quarterly and monthly by the PSA central office and its regional statistical services offices. The Davao Region, with nearly 6 million inhabitants, remains the 7th most populous region in the country......»»
Inflation to average 3.2 percent in first quarter
Inflation is expected to average within the target range of the Bangko Sentral ng Pilipinas in the first quarter, according to First Metro Investment Corp. and University of Asia and the Pacific Capital Markets Research......»»
Cuts in bank reserves unlikely soon – BSP
The Bangko Sentral ng Pilipinas is unlikely to cut banks’ reserve requirement ratio in the third quarter, amid expectations of policy rate cuts in the second half of the year......»»
Banks’ bad loans rise in February
The soured loans of Philippine banks picked up for the 14th straight month in February, bringing the gross non-performing loan ratio to a steady 3.44 percent, amid high interest rates......»»
Banks’ bad loans ratio highest in 8 months
The share of bad loans to the banking sector’s total loan book went up to an eight-month high in January, snapping two straight months of decline, as borrowers felt the pinch of elevated interest rates......»»
Historically low valuation
The Philippine stock market bloodbath over the past two years saw the PSEi plummet from 7,122.6 on the last trading day of 2021 to 6,566.4 on the last trading day of 2022 for a 7.8 percent annual retreat and slide even further in 2023 to close at 6,450.0 on the last trading day of the year. In terms of valuation, the PSEi’s 2023 year-end 12.9x price-to-earnings (P/E) ratio does not fare well when compared against its past performance in prior years......»»
Banks’ NPL ratio eases to 3.41 percent in November
The share of soured loans to the banking sector’s total loan book slipped to 3.41 percent in November 2023 after rising to a five-month high of 3.44 percent a month earlier, according to the Bangko Sentral ng Pilipinas......»»
Marcos vows to actively thwart ICC access to gov’t information
President Ferdinand Marcos Jr. has vowed to actively prevent International Criminal Court representatives from making any contact with government agencies or officials even as they have been allowed to enter the country......»»
Daily COVID-19 cases down to 36
COVID cases in the country now average only 36 per day, according to the Department of Health......»»
LTO eyes cameras vs busway violators
The Land Transportation Office would use the closed-circuit television cameras of the Metropolitan Manila Development Authority to enforce a no-contact apprehension of motorists using the EDSA busway without authorization, an LTO official said yesterday......»»
1 kilo marijuana seized from courier in Zamboanga City
Anti-narcotics agents seized a kilo of compressed dried marijuana leaves from a dealer intercepted while on his way to deliver the illegal merchandise to a contact in Zamboanga City on Thursday......»»
Spot a snake? Contact the barangay first for assistance
CEBU CITY, Philippines —The sightings of king cobras and other types of snakes have become prevalent in Cebu recently. The Department of Environment and Natural Resources in Central Visayas (DENR-7) has previously stated that among the reasons for the increasing sightings in Cebu are the mating season and the destruction of their habitat. The agency.....»»
PH in contact with Filipinos arrested in Japan over bodies found in Tokyo
The Filipina arrested for abandoning the corpses of a Japanese couple 'denies all involvement,' says a DFA official.....»»
Dingdong, Jessa rumesbak sa nagkalat na may tinakbuhan silang utang, magdedemanda?
NALAGAY sa kontrobersya at iskandalo ang mag-asawang Jessa Zaragoza at Dingdong Avanzado dahil sa isang viral Facebook post na pinagpiyestahan ng netizens. Isang shoutout sa FB noong January 9, mula sa isang nagngangalang Fujiwara Masashi, na may mga friends daw sa local showbiz. “Dingdong jessa !! You guys!! Please feel free to contact me and.....»»
SEC-Davao advises timely submission of requirements for amnesty payments
The Securities and Exchange Commission (SEC) Davao Extension Office is reminding corporations who have participated in the amnesty program to ensure timely submission of required documents by January 31. Failure to comply will result in forfeiture of payments and incurring additional penalties as outlined in SEC Memorandum Circular No. 20, series of 2023. Non-compliant corporations must submit their latest General Information Sheet (GIS) and Annual Financial Statement (AFS) through the SEC Electronic Filing and Submission Tool (eFAST). Meanwhile, suspended or revoked corporations should submit their petitions along with necessary documents to the Extension Office via email at secdavao@gmail.com. For more information, applicant-corporations can contact SEC Davao Extension Office at 0932-973-8791. It is important to note that the Commission is planning to implement a substantial increase in basic penalties for late and non-filing of reports post-amnesty period, with penalties potentially increasing by up to 1,900 percent......»»
Overpriced pay parking fees? Report this to Cebu City Hall, says councilor
CEBU CITY, Philippines —A Cebu City councilor is urging the public to report to the city hall pay parking areas collecting overpriced fees. Cebu City Councilor James Cuenco, the city council’s chairman of the Committee on Transportation, Councilor James Cuenco urged those with concerns of overpriced parking fees to contact his office and tell them the.....»»
Crew of Iran-Held Tanker Safe, Greek Owners Say
Athens, Greece - The crew of a tanker seized by Iran's navy this week in a row with the United States are safe, the vessel's Greek owners said on Sunday.Empire Navigation said in a statement that an associate had contacted Iranian authorities and reported that 'all the crew members on board the St. Nikolas are safe and in good health.'The company added that it had not been itself able to directly contact.....»»
Quezon City: Face to face class suspension policy only for basic ed
The Quezon City government’s policy on automatic class suspensions due to extreme heat only covers public elementary and high schools......»»