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Trade deficit narrows to $4 billion in December
The country’s trade deficit narrowed in December as both exports and imports declined, bringing the full-year 2023 trade gap to $52.42 billion, down from the previous year’s shortfall of $57.65 billion, the Philippine Statistics Authority said......»»
US budget deficit tops half a trillion
Outlays accelerated while receipts fell in the first quarter of the new fiscal year, Treasury data shows The US federal budget deficit reached half a trillion dollars in the first three months of the new fiscal year as spending picked up while receipts shrank, the US Treasury revealed on Thursday. In December a.....»»
FPRRD opposes disguised Charter change initiative
Former President Rodrigo R. Duterte has vehemently opposed the disguised People’s Initiative for Charter change, denouncing the cash-for-signature campaign as repugnant and a disgraceful act during a YouTube interview with Banateros Brothers on January 22, 2024. Duterte emphasized his disapproval of the initiative, urging for it to be halted, particularly criticizing the payment of individuals to sign the documents. He warned that such actions could lead to a new Constitution that might destroy the nation and open avenues for political abuses. Duterte stressed the importance of democracy in the Philippines, asserting that those seeking to remain in power should go through the electoral process. He highlighted that a well-performing and non-corrupt individual would retain power, while those with poor performance would be ousted through the electoral process. Expressing satisfaction with the current Constitution, Duterte argued that it has contributed to stability, reducing conflicts with groups like the New People's Army (NPA). He strongly advised against meddling with the Constitution, cautioning that it would only bring trouble to the country. Duterte pledged active opposition to the initiative, stating that he would campaign against it. Additionally, residents of Calinan District, Vice President Sara Duterte, and Representatives Isidro Ungab and Paolo Pulong Duterte have also voiced opposition to the People's Initiative for Charter Change. Margarita Atty. Migs Nograles, the representative of the Pwersa ng Bayaning Atleta (PBA) Partylist, alleged to have started the cha-cha signature campaign, has yet to issue an official statement on the matter as of the latest update. Related stories include the denouncement of alleged `vote buying’ in signing the petition for Cha-cha by Davao City lawmakers, Vice President Duterte's condemnation of the cash-for-signature drive, and a prayer rally against PI’s Cha-cha on Jan 28......»»
Manila Southwoods roars back, claims 9th Interclub crown
Manila Southwoods battled back from a five-point deficit with a strong start then concluded with a stronger finish for 111 points, fashioning out an imposing 13-point triumph over Eastridge in the PAL Interclub Men’s regular tournament......»»
Philippines posts 642 mln USD surplus in December
MANILA, Jan. 19 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a surplus of 642 million U.S. dollars in December 2023, higher than the 612 million dollars recorded in the same month 2022, the country's central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) said the BOP surplus in December 2023 reflected inflows arising mainly from the national government's net foreign currency dep.....»»
Xinhua world economic news summary at 0900 GMT, Jan. 19
MANILA -- The Philippines' overall balance of payments (BOP) posted a surplus of 642 million U.S. dollars in December 2023, higher than the 612 million dollars recorded in the same month 2022, the country's central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) said the BOP surplus in December 2023 reflected inflows arising mainly from the national government's net foreign currency deposits with the BSP.....»»
Philippines posts 642 mln USD surplus in December
MANILA, Jan. 19 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a surplus of 642 million U.S. dollars in December 2023, higher than the 612 million dollars recorded in the same month 2022, the country's central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) said the BOP surplus in December 2023 reflected inflows arising mainly from the national government's net foreign currency dep.....»»
Xinhua world economic news summary at 0900 GMT, Jan. 19
MANILA -- The Philippines' overall balance of payments (BOP) posted a surplus of 642 million U.S. dollars in December 2023, higher than the 612 million dollars recorded in the same month 2022, the country's central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) said the BOP surplus in December 2023 reflected inflows arising mainly from the national government's net foreign currency deposits with the BSP.....»»
PLDT back on growth track, doubles profit to P26.61 billion
Telco leader PLDT Inc. returned to growth mode in 2023 as its profit doubled from a year ago, as it cleaned up the P33-billion budget overrun that messed up its balance sheet in 2022......»»
Aloguinsan nabs back-to-back wins in Cabaron hoops
Aloguinsan nabs back-to-back wins in Cabaron hoops.....»»
Bahay is NBTC’s back-to-back No. 1 HS cager
TAGBILARAN CITY, Philippines — Cebuano star point guard Jared Bahay never ceases to amaze, as the National Basketball Training Camp (NBTC) recently named him the back-to-back No. 1 ranked high school basketball player in the Philippines. This announcement was made by the NBTC through its social media page, alongside the list of the top 25.....»»
Mac Tallo spearheads Alicia KSB in back-to-back wins in cash-rich Araw ng Sibugay cage wars
CEBU CITY, Philippines — Alicia KSB Glass is rampaging in the 2nd Gov. Ann K. Hofer-23rd Araw ng Sibugay Invitational Basketball Tournament after logging back-to-back victories. After losing to the National University (NU) Bulldogs in their first game last February 14, the veterans of Alicia KSB, headed by ex-PBA cager Mac Tallo, defeated the reigning.....»»
The big shift: military prepares for external threat
Rodrigo Duterte tries to set it back.....»»
‘Lucky to have Bolick’: NLEX guard takes over late in comeback win
Robert Bolick erupts for 16 points in the fourth quarter as NLEX erases a double-digit deficit in the fourth quarter to turn back Meralco.....»»
Phoenix rises from 21-point hole to stay alive vs Hotshots
The Phoenix Fuel Masters flipped the script in the second half and successfully clawed back from a 21-point second quarter deficit to force a Game 4 in the PBA Commissioner’s Cup semifinals against the Magnolia Hotshots, 103-85, Sunday at the Mall of Asia Arena in Pasay City......»»
45 crore Jan Dhan accounts have accumulated Rs 2.1 lakh crore: Anurag Thakur
New Delhi [India], February 17 (ANI): Union Minister Anurag Thakur on Friday inaugurated the 2024 Annual Government and Institutional Business Meet of the Federal Bank and asserted that under the Jan Dhan scheme around 45 crore bank accounts have been opened. Addressing an audience of the officials and employees of the bank, the Minister at the very outset, congratulated Federal Bank for an all-time high share price. Reca.....»»
45 crore Jan Dhan accounts have accumulated Rs 2.1 lakh crore: Anurag Thakur
New Delhi [India], February 17 (ANI): Union Minister Anurag Thakur on Friday inaugurated the 2024 Annual Government and Institutional Business Meet of the Federal Bank and asserted that under the Jan Dhan scheme around 45 crore bank accounts have been opened. Addressing an audience of the officials and employees of the bank, the Minister at the very outset, congratulated Federal Bank for an all-time high share price. Reca.....»»
Road rage in Mandaue: LTO-7 to issue show cause order against drivers involved in fistfight
MANDAUE CITY, Philippines — The Land Transportation Office in Central Visayas (LTO-7) will issue show cause orders against the two drivers involved in a road rage incident in J.P Rizal St., Barangay Tabok, Mandaue City last Tuesday, Jan. 23. In a statement on Friday, Jan. 26, the LTO-7 said that the viral video reached the.....»»
Xinhua Asia-Pacific news summary at 1600 GMT, Jan. 20
COLOMBO -- The population of mosquitoes in Sri Lanka that transmit the dengue virus has increased by 29.5 percent, state media reported on Saturday, quoting the National Dengue Control Unit (NDCU). The NDCU said the increase occurred in the second week of January compared to the first week, as 2,951 dengue cases were reported from Jan. 8 to 14. (Sri Lanka-Dengue-Increase) - - - - MANILA -- Rescuers.....»»
Xinhua Asia-Pacific news summary at 1600 GMT, Jan. 20
COLOMBO -- The population of mosquitoes in Sri Lanka that transmit the dengue virus has increased by 29.5 percent, state media reported on Saturday, quoting the National Dengue Control Unit (NDCU). The NDCU said the increase occurred in the second week of January compared to the first week, as 2,951 dengue cases were reported from Jan. 8 to 14. (Sri Lanka-Dengue-Increase) - - - - MANILA -- Rescuers.....»»