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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.....»»
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......»»
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.....»»
Woman, who jumped from bus, dies in City of Naga
Woman, who jumped from bus, dies in City of Naga.....»»
Philippines mining sector eyes growth with govt s plans
The move, according to Environment chief Ma. Antonia Yulo-Loyzaga, is part of a larger initiative to boost the industry in the face of the global shift towards green energy......»»
Waikato MoU reinforces Govt s commitment to increase NZ doctors
The Government has taken an important step forward in addressing a critical shortage of New Zealand-trained doctors, with today's signing of a Memorandum of Understanding for a third medical school, Minister of Health Dr Shane Reti has announced. "Today's signing by the Ministry of Health and the University of Waikato is a big step forward," Dr Reti says."The Ministry.....»»
UN expert Irene Khan visits journalist Frenchie Mae Cumpio, companions in jail
"We are only int’l visitors so far allowed by #Philippines govt to visit them! Arrested in Feb 2020, trial still dragging on. How long must they wait to be free?!" - UN Special Rapporteur Irene Khan The post UN expert Irene Khan visits journalist Frenchie Mae Cumpio, companions in jail appeared first on Bulatlat......»»
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......»»
Biden Sets Sights On Las Vegas Before Nevada s Primary
Reno, Nevada - President Joe Biden's latest campaign swing is taking him across the country to Nevada, where the "first-in-the-West" primaries are underway with early and absentee voting. But the Democrat and his team are also using the visit to shore up support for the general election in November.Biden was arriving in Las Vegas on Sunday for appearances through Monday after spending part of the weekend in Cali.....»»
Government infrastructure spending rises to P220 billion in Q1
The government increased its infrastructure spending to almost P220 billion in the first quarter, mainly to finance road and defense projects, the Department of Budget and Management said......»»
Manila Water spending P271 million for Quezon City sewerage upgrade
Manila Water Co. Inc. of ports and power tycoon Enrique Razon is spending P271 million to enhance water services to over 1.4 million households in Quezon City by improving its sewer network this year......»»
Surge in consumer spending seen this year
Consumer spending in the Philippines is expected to surge this year due to easing inflationary pressures, healthy employment conditions and lower borrowing costs, according to BMI Country Risk & Industry Research......»»
Government infrastructure spending scaled up to P121 billion
The government increased its infrastructure spending by nearly seven percent to P121 billion from January to February compared to last year’s level on the back of higher disbursements for road projects, the Department of Budget and Management said......»»
Government arsenal spending up 420 percent but misses production target
The Government Arsenal increased its spending in 2023 by 420 percent, but still failed to meet its ammunition production target for the year, according to a report from the Commission on Audit......»»
Government jacks up infrastructure spending to P1.2 trillion in 2023
The government jacked up its infrastructure spending last year, hitting P1.2 trillion and effectively surpassing its programmed allocation on the back of faster disbursements for major transport and road projects, according to the Department of Budget and Management......»»