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Nomura sees OFW remittances rising 5.1% this year

Japanese investment bank Nomura expects a 5.1 percent increase in remittances from overseas Filipino workers this year with the reopening of economies in host countries amid the continued rollout of COVID-19 vaccines......»»

Category: financeSource: philstar philstarMay 19th, 2021

AUB sees profit rising 32% in 2021

Rebisco-led Asia United Bank sees its earnings jumping by 32 percent to P4 billion this year from P3.03 billion in 2020 as the economy recovers from the pandemic-induced recession......»»

Category: financeSource:  philstarRelated NewsJun 26th, 2021

World Bank sees slower fall for remittances this year

Inflows from Filipinos abroad would decline 5% year-on-year in 2020, the multilateral agency said in a global migration report with KNOMAD, a think tank......»»

Category: financeSource:  philstarRelated NewsOct 30th, 2020

Peace hopes up in flight disputes  

The South China Sea has long been a major field of contention between the United States and China, with the US actively challenging China’s claim to sovereignty over most of the sea within a nine-dash line, and constantly sending ships and planes into the area asserting freedom of navigation in what it considers international waters. China, however, sees these flights as provocations. The South China Sea is bounded by the Philippines in the east, Vietnam in the west, and Malaysia and Brunei in the south. To the northeast is the East China Sea between China and Japan. Farther north of that is the Yellow Sea between China and North and South Korea. Last month, an international incident in that far-off area came to involve the Philippines — a US surveillance aircraft flying over the Yellow Sea allegedly used codes belonging to Philippine aircraft. Defense Secretary Delfin Lorenzana and National Security Adviser Hermogenes Esperon Jr. said this is a serious security issue as it could entangle the Philippines in the rising tension between China and US. A report from the South China Sea Strategic Situation Probing Initiative (SCSSPI) said a US RC-1355 reconnaisance aircraft using a code assigned to the Philippines flew over the Yellow Sea between China and Korea. The detected Philippine code could have made China suspicious as the Philippines does not conduct patrol operations over that area. The US pilots may have been trying to test China’s reaction, Esperon said as he expressed his concern. “What could happen is it could implicate or incriminate the Philippine side. We simply have to remind our US counterparts of the implications. The Philippines has sent a communication to the US embassy in Manila. This is something that must be discussed. Nonetheless, we hope this could be settled satisfactorily between the parties,” he said. In a press conference, China’s foreign ministry said, “Since the beginning of this year, US reconaissance aircraft have electronically impersonated civil aircraft of other countries in the South China Sea for more than a hundred times. This threatens the security of China and countries in the region.” The flights over the Yellow Sea near Korea, like the ones over the East China near Japan, and the South China Sea near the Philippines have long been part of US operations around the world as it asserts freedom of navigation and flight over international waters. We hope these two nations will be able to carry on without any incident that may lead to a violent confrontation and we hope they do not unduly involve and endanger any other nation like the Philippines which is friend to both sides......»»

Category: newsSource:  mb.com.phRelated NewsOct 18th, 2020

Remittances seen shrinking by 7% this year

Australia and New Zealand Bank sees remittances from overseas Filipino workers contracting by seven percent this year amid the massive displacements arising from the impact of the coronavirus disease 2019 or COVID-19 pandemic on the global economy......»»

Category: financeSource:  philstarRelated NewsOct 17th, 2020

OFW remittances seen to drop 10% this year

New York-based GlobalSource Partners sees remittances from overseas Filipino workers declining by 10 percent this year due to displacements caused by the novel coronavirus disease 2019 or COVID-19 pandemic......»»

Category: financeSource:  philstarRelated NewsJun 7th, 2020

Scarlet Snow Belo’s most relatable existential crisis

Celebrity baby Scarlet Snow Belo learned an important lesson through her recent experience at a shopping mall in France.  The six-year-old jetsetter had the most relatable existential crisis that almost everyone has had —wanting to buy the things she sees.  In an Instagram (IG) video story of her mom, Vicky Belo, Scarlet was captured talking […] The post Scarlet Snow Belo’s most relatable existential crisis appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsJul 15th, 2021

ING cuts Philippines growth forecast

Dutch financial giant ING Bank sees the Philippines lagging in terms of recovery from the pandemic as it slashed the gross domestic product growth forecast to 4.7 percent instead of five percent this year......»»

Category: financeSource:  philstarRelated NewsJul 14th, 2021

Comelec sees high voter turnout in 2022 polls

Even with the pandemic, the Commission on Elections forecasts a high turnout of voters in next year’s general elections......»»

Category: newsSource:  philstarRelated NewsJul 12th, 2021

Pandemic year sees 57% rise in suicide rate in Philippines

More people died by suicide last year as the pandemic began and dragged on, with the Philippine Statistics Authority reporting a 57% increase in the country’s suicide rate in 2020 compared to the preceding year......»»

Category: newsSource:  philstarRelated NewsJul 6th, 2021

Banks at risk from sluggish credit, bad loans – S& P

Philippine banks are facing sluggish revival in credit growth, rising non-performing loans, a marginal decline in credit costs, and mild recovery in earnings this year due to subdued economic activity and high COVID-19 infection rates, according to S&P Global Ratings......»»

Category: financeSource:  philstarRelated NewsJul 3rd, 2021

DOH CALL TO ACTION IN RESPONSE TO THE RISING NUMBER OF CONFIRMED CASES IN BICOL REGIONJUNE 25, 2021

The Department of Health Bicol Center for Health Development (DOH Bicol CHD) reports that COVID-19 cases in the region have been increasing since March this year. There is now an average of 200 new cases being recorded daily. The positivity rate of laboratory tests rose to 23% as of June 13, 2021 from the previously […].....»»

Category: newsSource:  bicolperyodikoRelated NewsJul 2nd, 2021

Ben& Ben, Moira, SB19 lead this year& rsquo;s MYX Awards nominations& nbsp;

Local pop’s biggest and rising stars Ben&Ben, Moira dela Torre, and SB19 nabbed multiple nominations in the upcoming MYX Awards 2021 which will honor the country’s hottest hitmakers of the past year......»»

Category: newsSource:  inquirerRelated NewsJun 22nd, 2021

Jealous man sees red when compared to another man, stabs dead live-in partner

CEBU CITY, Philippines — A comment about another man being better than him caused a 51-year-old jealous common law husband to see red and attack his 41-year-old live-in partner with a 15-inch knife, killing her. Jun Manata told police that he had suspected his live-in partner of four years, Hazel Haynar, to allegedly had an […] The post Jealous man sees red when compared to another man, stabs dead live-in partner appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsJun 20th, 2021

Zalora sees sustained demand for luxury items

Online fashion destination Zalora expects continued growth in demand for luxury items on e-commerce in Southeast Asia despite the pandemic on the back of a rising middle class and changing preference of consumers......»»

Category: newsSource:  philstarRelated NewsJun 17th, 2021

Century Pacific sees robust profit, sales this year

Century Pacific Food Inc. expects its income and revenue to grow by double digits this year as demand for canned and packed food products continue to rise......»»

Category: newsSource:  philstarRelated NewsJun 15th, 2021

Netizens naintriga sa balik-tambalan nina Alden at Jasmine; RitKen waging Love Team of the Year

HUMAKOT ng awards ang mga Kapuso stars at personalities sa nagdaang 4th Asia Pacific Luminare Awards. Sa ilalim ng entertainment category, kinilala bilang Favorite and Inspiring Love Team of the Year ang tambalang Rita Daniela at Ken Chan habang ang “The Lost Recipe” actor namang si Kelvin Miranda ang binigyan ng Fast Rising Young Celebrity […] The post Netizens naintriga sa balik-tambalan nina Alden at Jasmine; RitKen waging Love Team of the Year appeared first on Bandera......»»

Category: newsSource:  inquirerRelated NewsJun 14th, 2021

Rody sees & lsquo;light& rsquo; with mass jabs

President Rodrigo Duterte is optimistic that the country will beat COVID-19 before the year ends as the government starts inoculating economic frontliners or those under the A4 priority group......»»

Category: newsSource:  inquirerRelated NewsJun 7th, 2021

DTI optimistic of recovery in manufacturing

The Department of Trade and Industry is optimistic about a recovery in manufacturing starting this year as it sees demand and production picking up with the easing of quarantine restrictions, and as investments are expected in the sector with key reforms lined up......»»

Category: financeSource:  philstarRelated NewsMay 27th, 2021

AMLC warns of steady rise in shady fund transactions

The Anti-Money Laundering Council sees a steady rise in the number of suspicious transaction reports after breaching the one million level last year as the Philippines ramps up its campaign against money laundering and terrorist financing......»»

Category: financeSource:  philstarRelated NewsMay 21st, 2021

Prices of building materials continue to climb

Wholesale prices of building materials in Metro Manila continued to climb, rising at their fastest pace since the start of the pandemic last year, the Philippine Statistics Authority said......»»

Category: financeSource:  philstarRelated NewsMay 16th, 2021