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Artwork worth 1.2 million stolen in Italy

Thieves absconded with nearly 50 gold sculptures and pieces of jewelry Almost 20 statues and 30 pieces of jewelry worth 1.2 million ($1.3 million) have been stolen from an exhibition near Lake Garda, Italy, the Vittoriale degli Italiani estate, which hosted the display, told journalists. The stolen work.....»»

Category: newsSource:  philippinetimesRelated NewsMar 10th, 2024

PERA contributions hit P396 million in 2023

Voluntary retirement contributions rose by 20.3 percent to P396.309 million in 2023 from P329.548 million in 2022, driven by the increase in the number of participants, according to the Bangko Sentral ng Pilipinas......»»

Category: newsSource:  philstarRelated NewsMar 10th, 2024

Jobless Filipinos balloon to 2.15 million in January 2024

The Philippine Statistics Authority reported that the number of unemployed persons ages 15 and above climbed to 2.15 million in January 2024, down from 1.6 million in December 2023. .....»»

Category: financeSource:  philstarRelated NewsMar 8th, 2024

P35 million allotted for Araw ng Dabaw

DAVAO CITY (MindaNews / 27 February)—The City Government of Davao has allocated P35 million for this year’s Araw ng Dabaw, P8 million more than last year’s celebration, a city councilor said. Councilor Myrna Dalodo-Ortiz, who chairs the finance, ways and means and appropriations committee, said that the city government’s allocation for the annual event includes […].....»»

Category: newsSource:  mindanewsRelated NewsFeb 27th, 2024

PLDT proposes $3 million settlement in US budget mess suit

Integrated telco PLDT Inc. has proposed to settle $3 million, or around P165 million, to resolve a class action suit filed against it in the US over its budget fiasco......»»

Category: financeSource:  philstarRelated NewsFeb 23rd, 2024

DOH allots P55 million for cervical, breast cancer screening

The Department of Health has allocated P55 million to meet its target of screening three million women for cervical and breast cancer this year......»»

Category: newsSource:  philstarRelated NewsFeb 19th, 2024

Figaro quarterly profit up 7% y/y (121% q/q)

Figaro posted a Q2 profit of P195 million, up 7% from its Q2/22 profit of P182 million, and up 121% from its Q1 profit of P88 million......»»

Category: financeSource:  philstarRelated NewsFeb 13th, 2024

Unemployed Filipinos down to 1.6 million in December 2023 — PSA

National Statistician and PSA chief Claire Dennis Mapa reported that the number of unemployed persons ages 15 and above declined to 1.6 million in December 2023, down from 1.83 million in November 2023......»»

Category: newsSource:  philstarRelated NewsFeb 7th, 2024

Globe reports steep 73.7% decline in blocked bank-related spam, scam SMS in 2023

The telecommunications company Globe has reported a significant 73.7% decrease in the number of blocked spam and scam SMS related to banks in 2023. This reduction is a result of the interception of 21.9 million bank-related fraudulent messages, a sharp decline from the 83.39 million messages blocked the previous year. Globe attributes this achievement to its proactive strategies and strong partnerships with major banks and financial institutions in the Philippines. The company has established anti-fraud alliances with the Bankers Association of the Philippines and individual players in the finance sector, enabling the sharing of data and intelligence to prevent and investigate fraud effectively. Anton Bonifacio, Chief Information Security Officer at Globe, emphasized the company's commitment to combating financial fraud and enhancing security measures for customer protection. Globe has invested approximately US$20 million to improve its spam and scam SMS detection and blocking system and operates a 24/7 Security Operations Center to filter out unwanted messages from both international and domestic sources. Despite certain limitations, Globe remains dedicated to customer protection and emphasizes the need for a unified approach in the fight against fraud. The company is focused on leveraging technology and strengthening alliances with key stakeholders to combat fraudulent activities. As Globe continues to advance its technologies and collaborations, it aims to provide a safer and more secure digital environment for its customers. For more information about Globe and its initiatives, visit www.globe.com.ph. (SPONSORED CONTENT).....»»

Category: newsSource:  sunstarRelated NewsFeb 4th, 2024

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......»»

Category: newsSource:  sunstarRelated NewsJan 30th, 2024

Boulevard Holdings Q2 net income down 86% y/y, down 336% q/q

Boulevard Holdings reported a Q2/23 net loss of P33 million, down 86% from its Q2/22 net loss of P18 million, and down 336% from its Q1/23 net income of P14 million......»»

Category: financeSource:  philstarRelated NewsJan 26th, 2024

$247 million hot money exits Philippines in 2023

A total of $247.3 million worth of speculative funds exited the Philippines last year, reversing the $886.7 million net inflow recorded in 2022, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsJan 25th, 2024

Tighter-than-necessary rate environment on BSP’s radar

The Bangko Sentral ng Pilipinas (BSP) is beginning to see a tighter-than-necessary monetary policy environment, which may call the need to lower interest rates in the second half even if it cuts ahead of the US Federal Reserve......»»

Category: financeSource:  philstarRelated News2 min. ago

Beermen flatten, eliminate Dyip

The San Miguel Beermen exploded in the second half and showed the Terrafirma Dyip the end of the road in the PBA Philippine Cup with a 110-91 demolition Wednesday at the Ninoy Aquino Stadium in Manila......»»

Category: newsSource:  philstarRelated NewsMay 15th, 2024

Higher rates force government to cut down T-bond award

The government barely raised half of its target long-term securities yesterday as rates picked up, allowing it to borrow only P11.5 billion from the debt market......»»

Category: financeSource:  philstarRelated NewsMay 14th, 2024

Moody’s: BSP rate cut could start in August

The Bangko Sentral ng Pilipinas could cut borrowing costs by 25 basis points as early as August, and another 25 bps in the fourth quarter, if inflation and the peso stabilize in the second half of the year, Moody’s Analytics said......»»

Category: financeSource:  philstarRelated NewsMay 13th, 2024

Monde Nissin earns 53 percent more in 3 months

Core earnings of snack food giant Monde Nissin Corp. grew by more than half in the first quarter due to a record performance of its Asia-Pacific branded food and beverage (APAC BFB) business......»»

Category: financeSource:  philstarRelated NewsMay 13th, 2024

Knicks repel Pacers for 2-0 lead

The hobbled New York Knicks have taken a commanding 2-0 lead  in their best-of-seven Eastern Conference semifinals matchup after pulling away in the second half against the Indiana Pacers, 130-121, at Madison Square Garden Thursday morning (Manila time)......»»

Category: newsSource:  philstarRelated NewsMay 9th, 2024

PAGASA on severe heat: Worst is over

The worst is over in terms of the record-high temperatures and searing heat, with many areas in the country possibly experiencing thunderstorms in the second half of May, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration.....»»

Category: newsSource:  philstarRelated NewsMay 6th, 2024

The Beatle who never was

It was supposed to be the usual one and a half-hour, hop-on, hop-off ride on a double-deck bus taking tourists around this English port city. The itinerary included stops at Penny Lane and Strawberry Fields, two subjects of Beatles songs with pass-throughs of the homes where John Lennon and Paul McCartney grew up......»»

Category: entertainmentSource:  philstarRelated NewsMay 4th, 2024