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Philippines FDI net inflows grow by 27.8 pct in November
MANILA, Feb. 12 (Xinhua) -- Foreign direct investment (FDI) that flowed into the Philippines grew year-on-year by 27.8 percent in November 2023 to reach 1 billion U.S. dollars, the country's central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the November figure brought the country's FDI net inflows from January to November 2023 to 7.6 billion dollars, 13.3 percent lower than the 11 months in 20.....»»
Philippines total external trade drops by 5.4 pct in November
MANILA, Jan. 10 (Xinhua) -- The Philippines' total external trade in goods declined by 5.4 percent in November 2023 to 16.95 billion U.S. dollars from 17.92 billion dollars in November 2022, the Philippine Statistics Authority (PSA) said Wednesday. Of the total external trade in November 2023, 63.8 percent were imported goods, while the remaining were exported goods, the PSA said. The PSA said the balance.....»»
Philippine remittances rise by 2.9 pct in November
MANILA, Jan. 15 (Xinhua) -- Personal remittances from overseas Filipinos reached 3 billion U.S. dollars in November 2023, 2.9 percent higher than the 2.9 billion dollars recorded in November 2022, the Philippine central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the cumulative personal remittances grew by 2.9 percent to 33.6 billion dollars in the first 11 months of 2023 from 32.6 billion dolla.....»»
Philippine remittances rise by 2.9 pct in November
MANILA, Jan. 15 (Xinhua) -- Personal remittances from overseas Filipinos reached 3 billion U.S. dollars in November 2023, 2.9 percent higher than the 2.9 billion dollars recorded in November 2022, the Philippine central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the cumulative personal remittances grew by 2.9 percent to 33.6 billion dollars in the first 11 months of 2023 from 32.6 billion dolla.....»»
95 areas in Davao Region still grapple with flooding
Ninety-five areas in the Davao Region continue to grapple with flooding, as reported by the Office of Civil Defense-Davao Region (OCD-Davao). Davao del Norte has the highest number of flooded areas, with 64 barangays affected, followed by Davao Oriental with 22, and Davao de Oro with nine. The region has also experienced over 50 landslides, with Davao de Oro leading with 44 incidents and eight in Davao Oriental. Tragically, a significant landslide in Monkayo, Davao de Oro resulted in nine confirmed deaths, one critical injury, and four individuals still under search and rescue operations. Davao City also recorded casualties due to heavy rains. The adverse weather conditions have affected thousands of individuals and displaced over 4,000 families in evacuation centers. The Department of Social Welfare and Development-Davao Region (DSWD-Davao) has provided assistance to the affected families. The heavy rainfall is attributed to a weather system known as a shear line, causing widespread impact in the Visayas and Mindanao areas......»»
Councilor urges social media influencers to observe local laws
The Davao City councilor, Temujin “Tek” Ocampo, has urged social media influencers to familiarize themselves with local ordinances before promoting areas to their followers. Ocampo, who heads the Committee on Environment and Natural Resources, appreciates the promotion of Davao City by social media influencers but emphasizes the importance of understanding local laws before attracting crowds to specific areas. He expressed gratitude for the promotion but highlighted the challenge of controlling the influx of people once a location is featured. Ocampo plans to collaborate with Councilor Al Ryan Alejandre, Chair of the Committee on Tourism and Beautification, to accredit social media vloggers through the local government unit. He underscored the need for accredited vloggers, recognizing their contributions to the city and addressing any mistakes they might make. This initiative aims to balance recognition for positive actions with corrective measures for any missteps. The concerns arose in November 2023 when a Davao City-based environment group criticized a travel vlogger for promoting recreational activities in a river within the Panigan-Tamugan Watershed. Following a waste dumping incident on January 11, 2024, the group urged Dabawenyos, especially vloggers and influencers, to refrain from visiting protected areas for leisure. They emphasize the importance of understanding and respecting rules and regulations before endorsing specific parts of the city......»»
MVP Group dominates 20th Philippine Quill Awards
It was a triumphant night for the MVP Group of Companies, encompassing leading entities such as Light Rail Manila Corp., Manila Electric Co., Maynilad Water Services Inc., PLDT, Smart Communications Inc., Makati Medical Center, Maya, Metro Pacific Dumaguete Water Services Inc., Metro Pacific Tollways South Management Corp., Metro Pacific Investments Corp., Meralco – One Meralco Foundation and Metro Pacific Investments Foundation, as its member companies secured a staggering total of 87 awards at the 20th Philippine Quill Awards, organized by the International Association of Business Communicators......»»
11 areas to reach ‘danger’ level heat index on Black Saturday
MANILA, Philippines — The heat index in 11 areas of the country is expected to reach the “danger” level on Black Saturday, the Philippine Atmospheric, Geophysical, and Astronomical Services Administration (Pagasa) said. Based on its forecast as of 5 p.m. on Friday, the following areas will fall under the “danger” category today: READ:Pagasa: Heat index.....»»
State of catastrophe
For someone born and raised in Metro Manila, Holy Week is always welcomed as a respite from the usual chaos in our streets. With millions of residents leaving the metropolis for hometowns, beaches and other vacation areas here and abroad, it is a rare time of the year when car traffic in metro streets seems manageable......»»
PNR walang biyahe sa Metro Manila simula March 28, suspendido ng 5 taon
MAY abiso ang Philippine National Railways (PNR)! Simula March 28, suspendido ang operasyon sa Metro Manila at ‘yan ay magtatagal ng limang taon. Ang mga istasyon na hindi na muna makakabiyahe ay ang Governor Pascual-Tutuban at Tutuban-Alabang, ang dalawang makabilang end stations sa Metro Manila. Ayon sa PNR, ito ay upang magbigay-daan sa gagawing konstruksyon.....»»
Metro Manila nangunguna sa ‘Worst Traffic in the World’, ayon sa pag-aaral
NUMBER one sa listahan ng “Worst Traffic in the World” ang Metro Manila. Base sa 2023 TomTom Traffic Index, umaabot sa average na 25 minutes and 30 seconds ang pagmamaneho ng 10 kilometers sa Metro Manila. Ito ay 50 seconds na mas mabagal kaysa sa naitala noong 2022. Ayon pa sa pag-aaral, ang karaniwang ginugugol.....»»
MMDA questions int l study calling Metro Manila the worst in traffic worldwide
The Metropolitan Manila Development Authority (MMDA) cast its doubt on the "2023 Traffic Index," released by transportation data company TomTom Traffic, calling Metro Manila the worst in metro traffic worldwide......»»
‘TOTAL BAN’ | Negros Occidental prohibits entry of hogs, pork products from Bacolod, other red zone areas
‘TOTAL BAN’ | Negros Occidental prohibits entry of hogs, pork products from Bacolod, other red zone areas.....»»
MIFF in Hollywood gets full support
The Metro Manila Council, the official organization of Metro Manila mayors, the Department of the Interior and Local Government and the Metropolitan Manila Development Authority have given their full support to the promotional activity of the Manila International Film Festival held in Hollywood......»»
Angkas rolls out new app
Homegrown motorcycle taxi app Angkas kicked off the year with the phase-in of its enhanced app in its various areas of operation – Cagayan de Oro, Metro Cebu, and soon in Metro Manila......»»
Infrastructure spending hits lowest level in November
Government spending for infrastructure dropped to a year-low in November last year even after state agencies were ordered to catch up on their expenses to boost economic growth......»»
Remittances ease to $3 billion in November
Remittances sent home by Filipinos abroad eased to $3 billion in November 2023, reaching their lowest level in six months despite the holiday season......»»
Bank credit growth slows anew in November
The expansion of credit in the country slowed anew in November 2023 due to still elevated interest rates, the Bangko Sentral ng Pilipinas said......»»
Trade gap widens to $4.69 billion in November
The country’s trade deficit in November widened to a seven-month high as imports left negative territory, while exports continued to decline......»»
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......»»