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Over 2 mln foreign tourists arrive in Philippines since January
MANILA, April 25 (Xinhua) -- Over 2 million international tourists have visited the Philippines since January this year, the Presidential Communications Office (PCO) said Thursday. Citing data from the Department of Tourism (DOT), the PCO said that 2,010,522 international visitors entered the Southeast Asian country from Jan. 1 to April 24. The data showed that tourism receipts reached 157.62 billion peso.....»»
12 people drown in Philippines during past week break
MANILA, April 1 (Xinhua) -- At least 12 people, including a three-year-old boy, have drowned in the Calabarzon region during the past holy week break starting March 28, local police said on Monday. The victims died in separate incidents in the region, which is located in southeast of Manila and comprises five provinces. Filipinos observe the holy week that falls during summer by heading to the beach or ri.....»»
Suspect in shooting falls
olice have apprehended one of the three suspects in the killing of a 47-year-old man during a shooting in Quezon City yesterday......»»
‘Si Lord muna’: Couples dedicate Heart s Day to church amid 2024’s ‘Barbenheimer’
This year's Valentine's Day, dubbed by some as 2024's "Barbenheimer," falls on Ash Wednesday, a significant day for Catholics that marks the start of the Lenten season, prompting many to abstain from everyday indulgences......»»
Heartbreaker: 30-year pro Somaa crushes Strong Group title push off buzzer-beater 3
Strong Group-Philippines painfully falls short of its championship bid in Dubai as Al Riyadi-Lebanon sinks a game-winning three right at the buzzer.....»»
February 9 declared special non-working holiday
Malacañang has declared Feb. 9, a Friday, a special non-working day throughout the country for the celebration of the Lunar New Year, which falls on the next day......»»
Leader of gunrunning reservists, ex-soldiers falls
A 51-year-old man suspected of leading a gunrunning syndicate composed of reservists and former soldiers was arrested in Muntinlupa on Tuesday......»»
Rice inventory drops to 17-month low
The country’s rice stocks in February fell to their lowest level in more than a year despite higher imports recorded at the start of the year......»»
Historically low valuation
The Philippine stock market bloodbath over the past two years saw the PSEi plummet from 7,122.6 on the last trading day of 2021 to 6,566.4 on the last trading day of 2022 for a 7.8 percent annual retreat and slide even further in 2023 to close at 6,450.0 on the last trading day of the year. In terms of valuation, the PSEi’s 2023 year-end 12.9x price-to-earnings (P/E) ratio does not fare well when compared against its past performance in prior years......»»
CebuPac receives 1st plane delivery for 2024
Low-cost carrier Cebu Pacific is kicking off the year with the addition of a new aircraft, the first of 17 deliveries that it expects for this year in line with efforts to expand its fleet......»»
Philippines jobless rate drops to decades-low in December 2023
MANILA, Feb. 7 (Xinhua) -- The unemployment rate in the Philippines decreased to 3.1 percent in December 2023, the lowest since 2005, the Philippine Statistics Authority (PSA) said on Wednesday. "The full-year unemployment rate for 2023 was 4.3 percent compared to 5.4 percent in 2022," PSA head Dennis Mapa said at a press conference. Mapa said about 1.60 million were jobless in December last year. "This w.....»»
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......»»
Inflation likely stayed elevated in May – BSP
Driven by more expensive power rates and a weaker peso, inflation may have accelerated within the 3.7 to 4.5 percent range in May, possibly breaching the two to four percent target for the first time in six months, according to the Bangko Sentral ng Pilipinas (BSP)......»»
Fuel prices seen to increase next week
Pump prices of fuel products are set to increase again next week due to the weaker peso and production cuts in the global oil market, according to the forecast of the Department of Energy (DOE)......»»
Stocks end with second straight loss
The stock market closed lower for a second day as investors remained cautious due to the weakening of the peso......»»
Peso Weakens to P58.27 Against US Dollar, Weakest Since November 2022
The peso continued to weaken to PHP58.27 against the US Dollar last Tuesday, May 22, 2024 — the lowest since November 2022. Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said in a statement that the depreciation is in line with other currencies in the region, mainly due to the strengthening of the US […].....»»
Peso slide pulls down market
The peso’s slide pulled down share prices yesterday following a strong opening at the start of the week......»»
Analysts mixed on timing of BSP rate cut
Local and foreign analysts are divided on whether the Bangko Sentral ng Pilipinas (BSP) has room to cut ahead of the US Federal Reserve, as doing so may put pressure on the peso......»»
Bank of Commerce raises P6.57 billion from bond offering
San Miguel-led Bank of Commerce has raised P6.57 billion in its second foray into the domestic debt market, as institutional and retail investors swarmed its peso bond offering......»»
PH Inflation Expected to Range Between 3.5% to 4.3% in April: BSP
Bangko Sentral ng Pilipinas (BSP) announced on Tuesday that the inflation rate could be at 3.5% to 4.3%. BSP said in a Facebook post that this upward trend is caused by the increasing prices of essential goods and gasoline prices, as well as the depreciation of the peso. “The BSP projects April 2024 inflation to […].....»»