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Philippines posts 740 mln USD deficit in January

MANILA, Feb. 20 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a 740 million U.S. dollars deficit in January 2024, a reversal from the 3.1 billion dollars BOP surplus recorded a year ago, the country's central bank has said. The Bangko Sentral ng Pilipinas (BSP) said on Monday that the BOP deficit in January reflected outflows arising mainly from the national government's payments of its f.....»»

Category: sportsSource:  abscbnRelated NewsFeb 21st, 2024

Biz Bureau surpasses 43-K permit renewals

The Davao City Business Bureau has achieved a significant milestone by processing over 43,000 business permit renewals as of January 29, 2024, surpassing last year's numbers. Maribel Paguican, the Head of the Business Bureau, revealed this accomplishment in a radio interview on January 30, 2024. She highlighted the bureau's performance, stating that they had already exceeded the previous year's figures by 270 renewals. Despite the positive outcome, Paguican acknowledged that they are still short of reaching the 46,000 permits issued the previous year. With approximately 2,890 renewals remaining, including 291 applicants considering retirement, the bureau anticipates around 2,599 renewal applicants. Paguican emphasized the upcoming retirement deadline on January 31, urging business owners to comply to avoid penalties ranging from P1,000 to P5,000. She also advised on the required documentation for retirement, emphasizing the importance of submitting the necessary paperwork to facilitate the process......»»

Category: newsSource:  sunstarRelated NewsJan 30th, 2024

Colon Night Market set to close on January 31

CEBU CITY, Philippines – The Colon Night Market is set to conclude its operations on Wednesday, January 31. This information was shared by Maria Pino, president of the Cebu City United Vendors Association Inc. (CCUVA), on January 26 through the Cebu City News and Information Facebook page that is managed by the Cebu City Public.....»»

Category: newsSource:  inquirerRelated NewsJan 27th, 2024

Mandaue won’t join Sinulog at SRP

MANDAUE CITY, Cebu – Mandaue City will not be joining the Sinulog Grand Parade and Ritual Showdown at the South Road Properties (SRP) on Sunday, January 21, 2024. Mayor Jonas Cortes, on Wednesday, January 17, said that the city will instead focus on presenting a performance during the Traslacion on Friday, January 19. Mandaue City.....»»

Category: newsSource:  inquirerRelated NewsJan 17th, 2024

HISTORYANG MINDANAW | January 15, 1992, Pag-asa’s hatchday

Pag-asa (Hope), the first Philippine Eagle successfully bred through cooperative artificial insemination and hatched on January 15, 1992 at the Philippine Eagle Center here, passed away at  8:03 p.m. on January 6, nine days before his 29th hatchday. Philippine Eagle Pag-asa: bred and hatched in captivity, lived and died in captivity.....»»

Category: newsSource:  mindanewsRelated NewsJan 15th, 2024

Debt payment rises threefold in January

The government jacked up its debt service by more than threefold to P159 billion in January as payments for interest and amortization both increased......»»

Category: financeSource:  philstarRelated NewsApr 1st, 2024

299 wanted persons nabbed in January-March manhunt

299 wanted persons nabbed in January-March manhunt.....»»

Category: newsSource:  sunstarRelated NewsMar 26th, 2024

Remittances grow at slower 2.7 Percent pace in January

Personal remittances from overseas Filipino workers (OFWs) grew by only 2.7 percent to $3.15 billion in January from $3.07 billion in the same month last year, according to the Bangko Sentral ng Pilipinas (BSP)......»»

Category: financeSource:  philstarRelated NewsMar 18th, 2024

Peza approves P14.951B investments from January to March

Peza approves P14.951B investments from January to March.....»»

Category: newsSource:  sunstarRelated NewsMar 17th, 2024

January 2024 Filipino tourist arrivals in Hong Kong breach pre-pandemic numbers

Filipino tourist arrivals in Hong Kong,China just surpassed the pre-pandemic numbers for the month of January......»»

Category: financeSource:  philstarRelated NewsMar 16th, 2024

Financial system resources up 9 percent in January

The total resources of the country’s financial system continued to breach the P30-trillion level, rising by almost nine percent as of end-January, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed......»»

Category: newsSource:  philstarRelated NewsMar 15th, 2024

Fewer jobless Pinoys in January – DOLE

The number of unemployed Filipinos declined in January, according to the Department of Labor and Employment......»»

Category: newsSource:  philstarRelated NewsMar 13th, 2024

Trade deficit narrows in January

The Philippines posted a smaller trade deficit of $4.22 billion in January as exports picked up, preliminary data from the Philippine Statistics Authority showed......»»

Category: financeSource:  philstarRelated NewsMar 12th, 2024

Jobless rate climbs to 4.5 percent in January

The country’s unemployment rate rose in January as the seasonal increase in jobs created by the heightened economic activity during the Christmas holidays faded......»»

Category: financeSource:  philstarRelated NewsMar 8th, 2024

Bank lending picks up pace in January

Despite elevated interest rates, bank lending growth climbed to an eight-month high of 7.8 percent in January, amid the continued recovery of the economy......»»

Category: financeSource:  philstarRelated NewsMar 8th, 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

Factory output growth picks up in January

The country’s factory output went up at a quicker pace in January from the previous month due mainly to the slower contraction in production of electronic products and beverages, according to the Philippine Statistics Authority......»»

Category: financeSource:  philstarRelated NewsMar 7th, 2024

Gov’t debt stock rose to P14.79 trillion as of Jan

MANILA, Philippines — The government’s outstanding debt rose in January due to a weak peso and after the Marcos administration borrowed more from local creditors than what it paid for its maturing liabilities, the Bureau of the Treasury (BTr) reported Friday. Data showed state obligations increased 1.9 percent month-on-month to P14.79 trillion as of January. ALSO READ:.....»»

Category: newsSource:  inquirerRelated NewsMar 2nd, 2024

More ‘hot money’ exits Philippines in January

More foreign capital left the Philippines in January, marking the second straight month of net outflow, amid continued economic uncertainties globally......»»

Category: financeSource:  philstarRelated NewsMar 1st, 2024

Factory gate prices decline in January

Producer prices of manufactured goods contracted in January due mainly to the slower increase in prices of computer, electronic and optical products, according to the Philippine Statistics Authority......»»

Category: financeSource:  philstarRelated NewsMar 1st, 2024