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Power rates down by P0.37/kWh for Feb-Mar billing
High on love but low on power rates! Valentine’s Day for residential consumers of Visayan Electric is expected to be sweeter as electricity rates for the billing month of February-March will be P0.37/kWh lower compared to last month. This decrease, bringing the total rate down from last month’s P11.62/kWh to P11.25/kWh, is attributed to lower.....»»
DepEd checking data breach after hacking
The Department of Education is examining its systems for possible data breaches after reports of hackers allegedly harvesting 750 gigabytes of data containing sensitive information on banking details, students, teachers and more......»»
Mars rover data confirms ancient lake sediments on red planet
LOS ANGELES — NASA’s rover Perseverance has gathered data confirming the existence of ancient lake sediments deposited by water that once filled a giant basin on Mars called Jerezo Crater, according to a study published on Friday. The findings from ground-penetrating radar observations conducted by the robotic rover substantiate previous orbital imagery and other data.....»»
Pagasa: Less chance of tropical cyclone forming in March
MANILA, Philippines — Meteorologists from Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) stated that there is a low chance of a tropical cyclone forming or entering the Philippine area of responsibility (PAR) this March. The likelihood of experiencing typhoons remains low this month, but it is still possible, said Benison Estareja, weather specialist from Pagasa,.....»»
Philippine government retains 6.5 to 7.5 pct GDP growth target for 2024
MANILA, Jan. 26 (Xinhua) -- National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan on Friday expressed optimism that the Philippine government will achieve a gross domestic product growth of 6.5 percent to 7.5 percent in 2024. "This growth will be supported by low and manageable inflation, a labor force with access to more and better jobs, a stronger fiscal position in the form of a lower.....»»
Philippine government retains 6.5 to 7.5 pct GDP growth target for 2024
MANILA, Jan. 26 (Xinhua) -- National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan on Friday expressed optimism that the Philippine government will achieve a gross domestic product growth of 6.5 percent to 7.5 percent in 2024. "This growth will be supported by low and manageable inflation, a labor force with access to more and better jobs, a stronger fiscal position in the form of a lower.....»»
BSP onboards 1st nonbank electronic money issuer
The Bangko Sentral ng Pilipinas (BSP) achieved a significant milestone by welcoming OmniPay, Inc. as the first nonbank electronic money issuer (EMI) participant in its Real Time Gross Settlement (RTGS) payment system, PhilPaSSplus. This move aligns with the National Payment Systems Act and signifies a more inclusive national payment system, allowing nonbank financial institutions to conduct efficient and low-risk funds transfers directly through the central bank. Assistant Governor Mary Anne P. Lim emphasized the BSP's commitment to safeguarding the entire Peso RTGS payment system amidst global trends of diversified participation. With 236 institutions, including various banks and nonbank entities, utilizing PhilPaSSplus for large value transactions and retail payment clearing, the BSP's initiative reflects a broader trend of central banks facilitating direct access for nonbank entities to settlement services. This development comes as international standard-setting bodies work on access guidelines to manage risks in evolving payment systems with new players and financial technologies......»»
Remittances plummet to 9-month low in February
Money sent home by overseas Filipino workers went down to its lowest level in nine months in February amid global economic headwinds, data from the Bangko Sentral ng Pilipinasshowed......»»
Debt balloons to P14.8 trillion
The issuance of domestic securities and the weakening of the peso pushed the country’s outstanding debt to a fresh high of P14.79 trillion in January, latest data from the Bureau of the Treasury showed......»»
Chinese economy to moderate in 2024: ADB
Manila [Philippines], April 12 (ANI): The Chinese economy is forecast to grow 4.8 per cent in 2024, amid a recovery of household consumption, ongoing property market adjustment, and weak external demand, according to the latest report published by the Asian Development Bank (ADB). The growth in the Asian economy is projected to moderate from a 5.2 per cent expansion last year. An uncertain external macroeconomic environme.....»»
HMOs incur higher P4.3 billion losses in 2023
The health maintenance organization industry suffered a bigger net loss of P4.3 billion in 2023, marking the second straight year of a weak bottomline, as benefits and claims by its members soared......»»
How smuggled ultraluxury Bugatti Chirons expose flaws in LTO
An IT system with a weak audit trail makes it easy to smuggle in one of the world's most expensive sports cars.....»»
Weak exports still biggest hurdle to Philippines expansion
The Philippine export sector remains the biggest drag to economic expansion as it takes a hit from the slowdown in major trading partners, according to a unit of Fitch Solutions......»»
INTERACTIVE MAP | Davao flood updates, low pressure area, February 1, 2024
We’re monitoring the progress of roads, floods, bridges, and landslides around the areas affected by this week’s low pressure area. To toggle the map, use two fingers to move around and pinch to zoom in or out. Each clickable element leads to a link to vetted sources of information on floods, roads, bridges, and landslides […].....»»
Comelec registration hits 1 million new voters in less than a month
The Commission on Elections (Comelec) said there are more than a million registration applicants, barely a month after the registration period started on Feb. 12. Comelec Chair George Erwin Garcia said on Saturday as of March 6, a total of 1,027,572 applications were processed nationwide in Comelec offices, satellite centers and “Register Anywhere Program” (RAP).....»»
BSP: Inflation likely eased further in January
Headline inflation likely slowed further for the fourth straight month in January, ranging between 2.8 and 3.6 percent, after easing to a 22-month low of 3.9 percent in December, according to the Bangko Sentral ng Pilipinas......»»
Philippine National Bank s Q1 2024 net income hits P5.3 billion
Philippine National Bank s Q1 2024 net income hits P5.3 billion.....»»
WATCH: Jinky Vidal opens National Heritage Month with OPM hits
At her tour's recent stop in Hard Rock Cafe Manila, Jinky performed classic hits, including Original Pilipino Music (OPM)......»»
Conan Gray s Found Heaven Tour hits Manila - manilastandard.net
Conan Gray's 'Found Heaven Tour' hits Manila manilastandard.net.....»»
Philippines swelters in scorching heat as mercury hits record high in Manila
Philippines swelters in scorching heat as mercury hits record high in Manila Arab News.....»»