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Citi hikes Philippines inflation forecast
Global banking giant Citi raised its 2024 inflation forecast for the Philippines to 3.6 percent from 3.4 percent previously, following the faster-than-expected headline print in February......»»
ADB cuts Philippines growth outlook to 6% in 2024
The Asian Development Bank has trimmed its growth forecast for the Philippines for this year, citing risks posed by extreme weather events that can drive up inflation and the slower growth in advanced economies......»»
ICTSI remains on expansion mode even as risks abound
Ports tycoon Enrique Razon Jr. is keeping an eye out for expansion opportunities in four regions as the billionaire indicated he has no plans of standing idle even in the face of emerging risks......»»
Putin: Sending Western troops to Ukraine risks global nuclear war
Putin: Sending Western troops to Ukraine risks global nuclear war.....»»
PSSO warns anew vs building structures atop dikes, coastal road
The Davao City Public Safety and Security Office's (PSSO) Coastal Road and Davao River Monitoring Team has issued a renewed warning to Dabawenyos against constructing buildings on top of dikes and along the coastal road. This caution follows the dismantling of 334 illegal structures from October 2020 to the third week of January 2023. PSSO Head Angel Sumagaysay emphasized that these structures, including house extensions, kitchen extensions, cages, and sala extensions, are typically found atop or attached to dikes and gabions near the Davao River. Recent operations in the Talomo District involved the removal of a hut at Purok 8 Iñigo, Matina Pangi, and a reconstructed fisherman's kiosk at the Punta Dumalag section of the Coastal Area. Sumagaysay highlighted that the PSSO collaborates with barangays to identify and address illegal structures, and owners are given the choice to self-demolish or have the PSSO carry out the demolition. Sumagaysay stressed that illegal structures on dikes and gabions pose risks to the structure's integrity, potentially leading to increased flooding and related issues. He urged residents living near the river to refrain from constructing any form of extension or additional structure on the dikes, emphasizing the need to preserve their stability to prevent flooding and overflow. The PSSO does not have a specific target number of structures to dismantle, but rather identifies them during monitoring and inspection, working in coordination with barangays and purok leaders. Sumagaysay hopes that the public comprehends the purpose behind these dismantling efforts, emphasizing the importance of safeguarding the dikes to mitigate flooding risks......»»
Chemicals in counterfeit, fake fragrances may pose health risks
Chemicals in counterfeit, fake fragrances may pose health risks.....»»
Extreme weather, economic downturn top risks for Philippines – WEF
Extreme weather events, an economic downturn and shortage in energy supply are the top risks seen in the Philippines for the next two years, according to the World Economic Forum......»»
Local hopes and global risks
In national development as in personal life, hopes and expectations at the start of a new year are also fraught with risks......»»
Why the dollar is still strong
Despite the ongoing wars in Ukraine and Gaza, Fitch’s credit rating downgrade of the US, the lowering of the US credit rating outlook to negative by Moody’s and a growing US debt burden, the US dollar has regained its strength......»»
Why the dollar is still strong
Despite the ongoing wars in Ukraine and Gaza, Fitch’s credit rating downgrade of the US, the lowering of the US credit rating outlook to negative by Moody’s and a growing US debt burden, the US dollar has regained its strength......»»
‘Volatile inflation to keep rates steady’
Commodity prices in the country will remain volatile for the first semester, prompting the Bangko Sentral ng Pilipinas to keep rates steady and start easing only by June, according to Moody’s Analytics......»»
Cops tagged in PNP exec’s slay positive for gunpowder
The two police officers tagged in the killing of a police official in Parang, Maguindanao del Norte early this month have tested positive for gunpowder, the Philippine National Police reported yesterday......»»
DFA: No Cabinet exec OK’d China proposal
As Beijing continues to cite Philippine officials who supposedly agreed or were privy to its secret deal with Manila on Ayungin Shoal, the Department of Foreign Affairs made it clear yesterday that no Cabinet-level official had approved any Chinese proposal......»»
No interruptions in Metro Manila water supply, DENR exec says
There would be no water supply interruptions even if Angat Dam’s water level dips to its minimum operating level of 180 meters by mid-May, a Department of Environment and Natural Resources official said yesterday......»»
Barangay exec, 2-year-old daughter die in Cotabato City ambush
A barangay treasurer and his two-year-old daughter both died instantly in an ambush on Friday afternoon at a residential area in Barangay Rosary Heights 7 here......»»
Girl, 13, BARMM exec slain in shooting
A 13-year-old girl and an official of the Bangsamoro Autonomous Region in Muslim Mindanao were gunned down in Agoncillo, Batangas and Datu Odin Sinsuat, Maguindanao del Norte, respectively, on Wednesday......»»
Malacanang exec says gov’t still have funds for relief, rehab efforts
By Joann Santiago MANILA, Dec. 16 (PNA) — A Palace official on Wednesday said the government continues to have budgetary provisions to address needs of calamity victims. In a briefing, Presidential Communications........»»
Village exec slain in Maguindanao del Sur attack
A village councilor was killed in an attack by motorcycle-riding men in Mamasapano, Maguindanao del Sur on Sunday......»»
NSC exec: Gentleman’s agreement not binding
The Philippines will not do anything to jeopardize its occupation of Ayungin Shoal, National Security Council assistant director general Jonathan Malaya said yesterday, underscoring that former president Rodrigo Duterte’s “gentleman’s agreement” with China is not legally binding......»»
DepEd exec denies corruption allegation
An official of the Department of Education has criticized alleged efforts from within the agency to discredit her following a dispute on funding for “private activities” of certain DepEd employees......»»