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AI to ‘positively impact’ contact center’s growth
AI to ‘positively impact’ contact center’s growth.....»»
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......»»
Deficit-to-GDP ratio softens to 4.5 percent in Q1
The budget deficit’s share to the overall economy softened in the first quarter and is still closing into its pre-pandemic level as the government moves to consolidate its finances......»»
Debt-to-GDP ratio remains above int’l threshold at 60.2%
The country’s outstanding debt as a share to the overall economy slightly eased in the first quarter, but remained above the internationally accepted threshold, with the government urged to be on a serious lookout for more revenue sources......»»
Daily COVID-19 cases down to 36
COVID cases in the country now average only 36 per day, according to the Department of Health......»»
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......»»
DDMPR declares falling Q1 div at 116% payout ratio
DDMP declared a Q1/24 dividend of P0.023476, payable on July 15 to shareholders of record as of June 19......»»
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......»»
EDITORIAL - Degrading searches
If the Department of Justice wants to stop “degrading” body searches conducted on visitors in the national prisons, it should provide the necessary equipment to carry out no-contact searches. Such scanners have been in use for a long time in airports around the world......»»
MMDA: NCAP remains suspended
The no-contact apprehension policy or NCAP remains suspended, the Metropolitan Manila Development Authority said yesterday......»»
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.....»»