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Philippines debt hits record P14.6 trillion
The Marcos administration has so far incurred P1.82 trillion in debt since it assumed office, largely due to a high interest rate environment, pushing the country’s outstanding obligation to an all-time high of P14.62 trillion in 2023, according to the Bureau of the Treasury......»»
Abando back, De Liaño out in EASL Final Four in Cebu
Rhenz Abando, who played well for Gilas Pilipinas in the FIBA World Cup, makes his anticipated Philippine comeback when his Korean mother club Anyang Jung Kwan Jang sees action in the East Asia Super League Final Four tomorrow at the Hoops Dome in Lapu-Lapu City, Cebu......»»
AUB profit hits record high in 2023
Rebisco-led Asia United Bank and its subsidiaries boosted earnings by 32 percent to a record high of P8.3 billion in 2023, from P6.3 billion in 2022......»»
D& L sees earnings recovery this year
D&L Industries Inc. expects a recovery in profitability this year after earnings in 2023 fell due to higher interest and depreciation expenses associated with the Batangas plant coupled with the lingering effects of high inflation......»»
Monde Nissin sees sales, earnings growth in 2023
Monde Nissin Corp., the listed snack foods giant, expects core net income to have grown by mid-teens for 2023 with sales expected to have hit a high single-digit year-on-year growth......»»
Pinay freestyle skier in high spirits
Freestyle skier Laetaz Amihan Rabe tries to conquer a strong field and loneliness when she sees action today in the Fourth Winter Youth Olympics......»»
LRT-1 Cavite Extension Phase 1 nearly completed at 98.2% progress rate
The construction of the LRT-1 Cavite Extension Phase 1 is progressing as scheduled at 98.2% completion rate, as it remains on track for its target commercial opening in the fourth quarter of 2024......»»
DavSam Bridge still at 3% completion rate
NEARLY two years after its groundbreaking, the completion rate of the controversial Samal Island-Davao City Connector (SIDC) project, commonly known as Davao-Samal Bridge, is still at three percent......»»
Iloilo City maintains lowest electricity rate in Western Visayas
Iloilo City maintains lowest electricity rate in Western Visayas.....»»
‘Early rate cut to boost economy’
Interest rate cuts in the second half will likely boost economic and investment activity in the Philippines, providing some relief to borrowers who have been bearing the weight of restrictive monetary policy, according to ING Bank......»»
Region 8 posts 95.1 percent employment rate in 2022
Among provinces in the region, Samar posted the highest employment rate in Eastern Visayas at 97.4 percent......»»
Inflation rate in Cebu Province decelerates in April 2024
CEBU CITY, Philippines — The inflation rate in Cebu Province for April 2024 has decelerated to 0.2 percent from 0.3 percent in March, according to the report of the Philippine Statistics Authority (PSA) Cebu on Thursday, May 16. PSA Cebu’s Chief Statistical Specialist Melchor Bautista said the headline inflation slowed down in April 2024 mainly.....»»
PUVMP consolidation rate reaches 81% – LTFRB
An 81 percent consolidation rate for jeepneys has been achieved under the public utility vehicle modernization program (PUVMP), according to the Land Transportation Franchising and Regulatory Board......»»
DILG: Crime rate lower under President Marcos compared to Duterte
The Philippine National Police (PNP) has recorded a lower crime rate during the first 21 months of the Marcos administration compared to the same period under former President Rodrigo Duterte......»»
CAR logs 96.7% employment rate, services top job generator
CAR logs 96.7% employment rate, services top job generator.....»»
NEDA Optimistic on Economic Growth in the PH for 2024
National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan expressed optimism about the country’s economic growth for 2024. According to Balicasan, major development organizations like the IMF, ADB, and the World Bank expect the country to have an economic growth rate of at least 6%. The IMF projects a growth rate of 6.2%, the ADB […].....»»
Maybe no Fed rate cuts in FY24?
A recent CNBC article captured the growing concern that the US Federal Reserve’s first rate cut – the infamous “pivot” – might not happen until “at least September”, and discusses a few analysts (including those from Bank of America) who have said that there is “real risk” that the first cut might not even come until March 2025......»»
DSWD-Davao posts 68% ECT completion rate
THE Department of Social Welfare and Development-Davao Region (DSWD-Davao) reported a completion rate of approximately 68 percent for distributing Emergency Cash Transfer (ECT) to residents of Davao del Norte and Davao Oriental affected by the Shear Line and Low-Pressure Area (LPA)......»»
Cebu Province inflation rate soared in March 2024
CEBU CITY, Philippines — Cebu Province inflation rate rose in March as Cebuanos continue to grapple with rising prices of goods and commodities, the latest inflation report by the Philippine Statistics Authority (PSA) Cebu showed. On Wednesday, April 17, PSA Cebu Chief Statistical Specialist Melchor Bautista presented the inflation report in Cebu Province for March.....»»
Mandaue City logs highest inflation rate
Mandaue City logs highest inflation rate.....»»