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Factory activity eases in March
The growth in Philippine manufacturing activity eased slightly to 50.9 percent in March from 51 percent in February as production levels declined amid material shortages......»»
SEC eases IPO cornerstone investor rules in 2nd draft of proposed rule
The SEC’s proposed second draft of its new set of rules on IPO cornerstone investors contains a few adjustments to ease the burden of the new rules on both issuers and cornerstone investors......»»
Inflation eases to 2.8 percent in January
Driven mainly by the slower increases in food prices, inflation eased further to 2.8 percent in January, according to the Philippine Statistics Authority......»»
BSP Governor Eyes Potential Rate Cut as Inflation Eases
In a recent interview, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. hinted at a potential rate cut later this year, signaling optimism amid the nation’s economic landscape. While cautious about the first semester, Remolona remains watchful, stating that the move could come “within the year.” The BSP, responding to escalating inflation, had hiked […].....»»
NCR construction materials price growth eases in 2023
Retail price growth of construction materials in Metro Manila eased in 2023 from the previous year as all commodity groups posted slower increases, according to the Philippine Statistics Authority......»»
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......»»
Davao Oriental under state of calamity
The entire province of Davao Oriental has been declared under a state of calamity following the impact of the shear line, allowing the provincial local government unit to access its Quick Response Fund for rehabilitation efforts. The unanimous resolution was approved during a regular session in Sangguniang Panlalawigan, based on comprehensive assessment and recommendation from the Provincial Disaster Risk Reduction and Management Council and Governor Niño Uy. This declaration is crucial for providing emergency aid to the affected constituents and enforcing price control on essential items. Rapid Disaster Assessment and Needs Assessment reports indicate that around 63,337 families are affected, with 645 families and 1,830 individuals currently displaced and in evacuation centers. The damages in agriculture, fisheries, and livestock are estimated to be significant. Several municipalities have already declared a state of calamity, and the entire province is yet to announce its final assessment on the value loss in agriculture. This declaration aims to expedite rehabilitation and recovery plans to restore normalcy in the affected areas......»»
Travel agencies group warns about cheap, illegal operators
The Davao Travel Agencies Association (DTAA) has issued a warning about unregistered and illegal travel and tour operators in their area. These operators have been found to be offering travel and tour services without proper licensing, leading to issues such as lack of refunds, scheduling problems, and other travel arrangement discrepancies. Pia Partoza Montano, a travel agency owner and Vice-President for the Travel and Tours Sector of DTAA, emphasized the prevalence of these unauthorized operators, particularly in inbound tourism, and the challenges in monitoring and regulating them due to their large numbers. Montano also highlighted the potential risks associated with using these unregistered agencies, as they may offer cheaper rates but could lead to problems in case of incidents. To address this issue, the Department of Tourism-Davao (DOT-Davao) has introduced a QR code system to help the public verify the legitimacy of travel agencies by accessing data on authorized and registered operators. The DOT-Davao encourages travelers to transact with accredited enterprises to ensure the quality and reliability of their travel arrangements. Currently, there are at least 109 registered travel and tour agencies in Davao City under DOT-Davao's accreditation. The DOT-Davao also provides information on the requirements for registration and renewal for travel agencies on their official website. This warning serves as a reminder for the public to be cautious and discerning when engaging with travel and tour operators to avoid falling victim to unauthorized and illegitimate services......»»
Progressives commemorate Filipino-American war, call for a stop to US military intervention
Filipino activists marked the 125th anniversary of the Filipino-American War with a protest against the expansion of US military bases and the US role in genocide in Palestine, Feb. 4. The post Progressives commemorate Filipino-American war, call for a stop to US military intervention appeared first on Bulatlat......»»
2 kidnapped activists reunite with families
Two activists who were allegedly kidnapped in San Carlos City in Pangasinan last week have reunited with their families......»»
Mati City, 10 municipalities in Davao Oriental suspend classes, work
Following the impact of a Low-Pressure Area (LPA) affecting Northern and Southern Mindanao, local government units (LGUs) in Davao Oriental have collectively suspended classes and government and private offices. The City of Mati and 10 municipalities, including Baganga, Governor Generoso, Cateel, and others, have issued Executive Orders in line with Presidential Executive Order No. 66, series of 2012. The Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) has forecasted moderate to heavy rains in Davao Oriental due to the Northeast Monsoon (Amihan) and LPA, posing a risk of landslides and flash floods. The Provincial Local Government Unit of Davao Oriental and Municipal Disaster Risk Reduction Management Councils have reported landslides in Lupon and Cateel, with ongoing clearing operations. The Bureau of Fire Protection and other government agencies have rescued families affected by flash floods in Cateel and Caraga. Franz Irag from the Office of Civil Defense-Davao Region confirmed that around 200 individuals or close to 500 families in Davao Region have been displaced and are now in evacuation centers. Additionally, five LGUs in the province of Davao de Oro have also declared the suspension of classes and work in both public and private offices......»»
Imee: EO 57 draws foreign interference, harmful to PH
MANILA, Philippines — The measure beefing up the country’s maritime security, recently signed by President Ferdinand “Bongbong” Marcos Jr., is seen by the President’s elder sister, Senator Imee Marcos, as welcoming ‘many Trojan horses’ of foreign interference. The senator, who also heads the Senate panel on foreign relations, was pertaining to Executive Order No. 57,.....»»
DepEd objects to foreign control of schools via Cha-cha, cites national security risk
The Department of Education on Monday drew the line at allowing foreign “entities” to own schools in the Philippines as proposed in two Charter change resolutions, saying that the entry of 100% foreign-operated schools in basic education will pose a threat to students’ sense of nationality and the country’s security......»»
China urges Philippines not to play with fire on Taiwan question
The Chinese Foreign Ministry on Thursday urged the Philippines not to "play with fire" on the Taiwan question. According to reports, the Philippines' defense chief has ordered the military to boost the number of troops and structures on the Batanes islands which are less than 200 km from China's Taiwan region. In response at a daily press briefing, Wang Wenbin, a spokesperson for the Chinese Foreign Minis.....»»
China urges Philippines not to play with fire on Taiwan question
The Chinese Foreign Ministry on Thursday urged the Philippines not to "play with fire" on the Taiwan question. According to reports, the Philippines' defense chief has ordered the military to boost the number of troops and structures on the Batanes islands which are less than 200 km from China's Taiwan region. In response at a daily press briefing, Wang Wenbin, a spokesperson for the Chinese Foreign Minis.....»»
BSP approves more changes to forex rules
The Bangko Sentral ng Pilipinas has approved more amendments to its regulations to further facilitate the access of authorized agent banks to foreign exchange resources and streamline documentary requirements, procedures as well as reporting......»»
Philippines confirms 2 nationals killed in Houthi missile attack
MANILA, March 7 (Xinhua) -- The Philippine government on Thursday confirmed the death of two seafarers in a recent missile strike by Houthi militants on a cargo ship in the Gulf of Aden, off southern Yemen. In a statement, the Department of Migrant Workers (DMW) said two other Filipino sailors were also severely injured. The cargo ship True Confidence on Wednesday was hit by several anti-ship ballistic mi.....»»
22 families receive anti-child labor grant from BARMM government
At least 22 families in Cotabato City with children employed as laborers received an initial cash assistance as a startup fund for small entrepreneurial projects that can generate extra income and prevent forced employment of underage family members......»»
DSWD Central Visayas field office aids families affected by floods, tension cracks
The Department of Social Welfare and Development (DSWD), through its Field Office-7 (Central Visayas), continues to coordinate with concerned local government units (LGUs) in the region for the monitoring and provision of appropriate interventions to families affected by flooding incidents and other emergencies that occurred in the last quarter of 2023. On the flooding incidents […].....»»
A culinary feast with a noble cause
Marriott Hotel Manila launches the calibrated Marriott Café Famsgiving Thursdays offer with Farmsgiving Market in collaboration with Rural Rising Philippines (RuRi). This features Filipino heirloom recipes of Marriott Manila’s chefs with their families, while supporting the livelihood of farmers under RuRi’s Rescue Buy Program......»»