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Russia blocks renewal of UN panel monitoring North Korea sanction compliance
At the United Nations, a recent vote on renewing a panel of experts monitoring North Korea’s compliance with international sanctions has caused tension among member.....»»
Philippines sees increase in hotel bookings from overseas in 2023 — report
Hotel bookings from overseas rose in the Philippines in 2023, a report on hotel booking trends by hotel channel manager SiteMinder found......»»
ANZ raises Philippine inflation forecast to 3.8% this year
ANZ Research hiked its inflation forecast for the Philippines to 3.8 percent this year, from 3.5 percent previously, as risks may drive inflation up to above the central bank’s two to four percent target in the coming months......»»
Vehicle sales rev up by 23% in February
Vehicle sales accelerated by more than a fifth in February from a year ago, supported by automotive firms’ marketing efforts as well as stable interest rates......»»
S& P: Philippines may miss growth goal this year
S&P Global Ratings sees the Philippines again missing its growth targets this year as it kept its gross domestic product growth forecast at 5.9 percent. While the projection is better compared to other economies in the region, it is again below the government’s 6.5 to 7.5 percent growth target......»»
Ati tribe fenced off in Boracay
Tension has sparked in Boracay after security guards allegedly fenced off parcels of land owned by members of the Ati tribe......»»
Amparo steps in to replace Andales for the IBF world title bout in Japan
CEBU CITY, Philippines — In a surprising turn of events, world-ranked Jake “El Bambino” Amparo of the PMI Bohol Boxing Stable stepped in as a last-minute replacement for countryman ArAr Andales in facing the reigning International Boxing Federation (IBF) world minimumweight champion Ginjiro Shigeoka on March 31 in Nagoya, Japan. This was confirmed by PMI.....»»
The Mystery of Post-Inflation Stability: Exploring Economic Uncertainty
Inflation, a sneaky force eating away at our financial stability, makes us wonder: what happens after its rampage? Do things settle back to normal, or are we stuck dealing with the aftermath? Inflation is simply prices creeping up over time, quietly changing our financial landscape. Think of your favorite café inching up its prices or […].....»»
Training on COA compliance for government institutions
To guide government institutions on their compliance with the Commission on Audit Circular 2020-006, the Center for Global Best Practices will be launching a two-session online training titled “COA Guidelines and Procedures for One-Time Cleansing of Property, Plant and Equipment Account Balances” on April 18 and 19, 2024 from 1:30 to 4:45 p.m. via Zoom......»»
Dovish Powell lifts markets to historic highs
Last week, US equities reached new all-time highs, thereby lifting global stock markets. This came on the back of Federal Reserve (Fed) Chair Jerome Powell’s dovish policy statement. In that speech, Powell touted considerable progress in bringing down inflation, notwithstanding the bumps in the road toward the two percent target......»»
Stable power supply vital to economic prosperity
If there’s anyone in the world who has circled the globe extensively, US Secretary of State Antony Blinken wins hands down......»»
WPS tension: Chinese vessel blocks PH research ship
A China Coast Guard (CCG) vessel again made “dangerous maneuvers” on Thursday and tried to block a Philippine fishery vessel carrying marine scientists conducting research in the West Philippine Sea or WPS. Commodore Jay Tarriela, Philippine Coast Guard (PCG) spokesperson for the WPS, told a press briefing on Friday that CCG vessel 5204 crossed the.....»»
Diffusing tension
In his 2024 State of the Union Address, President Joseph Biden doubled down on his rhetoric against China as he boasted revitalized partnerships in the Pacific. He rattled off India, Australia, Japan, South Korea and the Pacific Islands. He said the United States is standing up against China’s economic practices while standing up for peace across the Taiwan Strait......»»
Department of Agriculture sees spike in fish,vegetables prices this Lent
A spike in the retail prices of fish and vegetables is expected during the Holy Week, Agriculture Assistant Secretary Arnel de Mesa said yesterday, even as he assured consumers that there will be enough supply of food commodities......»»
Recto sees ‘realistic’ 6-6.5 percent growth for Philippines
Finance Secretary Ralph Recto is looking at a “more realistic” economic growth of at least six to 6.5 percent for this year, with medium-term economic expansion likely to be tempered as well......»»
March inflation may pick up amid high food prices
Inflation likely accelerated for the second straight month in March, mainly driven by high rice prices, prompting the Bangko Sentral ng Pilipinas (BSP) to keep borrowing costs unchanged at its next policy review in April, analysts said......»»
MIAA sees over 1 million arrivals this Holy Week
The Manila International Airport Authority is expecting an influx of over one million passengers this coming Holy Week......»»
Senate concurrence needed to revoke SMNI franchise’
The revocation of the legislative franchise of Sonshine Media Network Inc. by the House of Representatives would have to be approved by the Senate first before it can take effect – in accordance with the usual legislative route, lawmakers said yesterday......»»
Trump predicts the end of U.S. democracy if he loses 2024 election
WASHINGTON (Reuters) – Donald Trump said on Saturday if he does not win November’s presidential election it will mean the likely end of American democracy. The Republican presidential candidate, speaking to supporters in Ohio, made the claim after repeating his baseless assertion that his 2020 election defeat to Democratic President Joe Biden was the result.....»»
4 PH medicinal herbs for gout, pain relief pass clinical trials
MANILA, Philippines — Back in the 1970s, the government had a dream of providing cheap medicines for Filipinos, especially the poor, who are often left out of health care. Dr. Cecilia Lazarte, director of the Institute of Herbal Medicine of UP Manila’s National Institutes of Health, stressed in 2020 the importance of research on the.....»»