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Xinhua world news summary at 0830 GMT, March 10
ISLAMABAD -- Two people were killed and another injured on Sunday morning in a blast near a market in Pakistan's northwest Peshawar city, rescue service reported. The blast took place early in the morning on Nasir Bagh road near Board Bazaar, a local market in Peshawar, the capital city of the country's northwest Khyber Pakhtunkhwa (KP) province, resulting in casualties, Bilal Ahmad Faizi, public relations offic.....»»
Xinhua world news summary at 0830 GMT, March 10
ISLAMABAD -- Two people were killed and another injured on Sunday morning in a blast near a market in Pakistan's northwest Peshawar city, rescue service reported. The blast took place early in the morning on Nasir Bagh road near Board Bazaar, a local market in Peshawar, the capital city of the country's northwest Khyber Pakhtunkhwa (KP) province, resulting in casualties, Bilal Ahmad Faizi, public relations offic.....»»
Lapu-Lapu road clearing: Ahong promises relocation to 53 vendors near Plaza Rizal
LAPU-LAPU CITY, Cebu – The Lapu-Lapu City Government is currently looking for an alternative vending site for approximately 53 vendors who will be displaced by a road clearing operation near Plaza Rizal in Barangay Poblacion. The planned road clearing operation was in compliance with the directive of the Department of Interior and Local Government (DILG).....»»
China: Barge hits brige near Guangzhou, plunging vehicles in water
BEIJING — Two people were killed after a barge collided with a bridge over a waterway in China’s Pearl River Delta near Guangzhou city, causing part of the bridge to break off, plunging vehicles into the water, Chinese state media reported on Thursday. The Guangzhou Maritime Safety Administration said in a statement on their WeChat.....»»
TIMELINE: The hit-and-run near Redemptorist Church
CEBU CITY, Philippines — For the past few days, every Cebuano’s attention has been glued on the tragic hit-and-run incident along Queen’s Road, near the Redemptorist Church in uptown Cebu City last February 4. It claimed the life of 23-year-old Jesral Uriel Larumbe, a former most-valuable player (MVP) of Cebu’s biggest inter-collegiate basketball association. Recently,.....»»
Near-target 2023 GDP growth acceptable amidst economic challenges – Neda chief
INQUIRER/ MARIANNE BERMUDEZ MANILA, Philippines — The country’s chief socioeconomic planner, Secretary Arsenio Balisacan of the National Economic and Development Authority (Neda), said that a 2023 economic growth slightly lower than the previous year’s 7.6 percent but near the government’s 6 to 7 percent target range would be considered acceptable, given the challenges faced by the.....»»
Waikato Expressway near Rangiriri open following crash
The North bound lane on the Waikato expressway near Rangiriri is now open following a single vehicle crash earlier.ENDS Source: NZ Police.....»»
Crash on SH1 near Topuni blocks both lanes
Police are responding to a crash on State Highway One near Topuni in the Kaipara District.The crash between two vehicles was reported at around 11.40am and has blocked both lanes of SH1.Thankfully, no one has appeared to have suffered any serious injuries.Traffic management is being put in place and motorists are advised to expect delays, or to avoid the area if possible.ENDSTony Wrig.....»»
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......»»
Moody’s: BSP rate cut could start in August
The Bangko Sentral ng Pilipinas could cut borrowing costs by 25 basis points as early as August, and another 25 bps in the fourth quarter, if inflation and the peso stabilize in the second half of the year, Moody’s Analytics said......»»
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 […].....»»
BSP’s ample dollar reserves to keep peso at bay – Nomura
The Bangko Sentral ng Pilipinas is one of the central banks in the region that has enough dollar buffers to defend its currency against the greenback, according to Japanese investment bank Nomura......»»
Fuel price rollback expected this week
MANILA, Philippines — Good news awaits motorists following successive price increases in gasoline as oil companies are tipped to slash local fuel prices by less than a peso this coming week, according to industry sources. In an advisory over the weekend, Unioil said the price of diesel should go down by 30 centavos to 40.....»»
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.....»»
A stable peso& food security
The past few weeks have been understandably dominated by the standoff between the Philippines and China in the West Philippine Sea......»»
P13.3 billion single biggest drug bust is peanuts
Police love to trumpet multibillion-peso drug busts. Example was last week’s P13.3-billion interdiction of shabu at a checkpoint in Batangas......»»
Boy Tapang binalaan ng BSP dahil sa saranggolang gawa sa P1K bill: Sorry po
PERSONAL na binalaan ng mga kinatawan ng Bangko Sentral ng Pilipinas (BSP) ang YouTuber na si “Boy Tapang” sa kanyang bahay kamakailan. Nag-viral kasi sa social media ang pagpapalipad ng content creator ng saranggola na gawa sa P1,000 peso bills. Mismong si Boy Tapang ang nag-post ng isang video sa kanyang socmed account para ipaalam.....»»
Peso may outperform peer currencies this year
The peso is seen outperforming other currencies in the region this year, but is not likely to strengthen against the dollar due to expectations of delayed rate cuts and the Philippines’ trade deficit, according to British banking giant HSBC......»»
Officials seek inclusion of Boracay in peso bills
The Municipal Council of Malay, Aklan will come up with a resolution requesting the Bangko Sentral ng Pilipinas (BSP) to include the picture of Boracay Island in the new bank notes it is producing......»»