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Xinhua world news summary at 1530 GMT, June 2
HELSINKI -- Businesswoman Halla Tomasdottir is set to become Iceland's new president, official data from the Icelandic national broadcaster RUV showed Sunday. According to the RUV, Tomasdottir led her opponents with 34.3 percent of the vote, followed by former Prime Minister Katrina Jakobsdottir, who came in second with 25.2 percent. (Iceland-New President) - - - - CHICAGO -- An overnight shooting.....»»
Government debt payments down 21.1 percent in April
The government trimmed its debt service by 21.1 percent in April amid the decline in payments for the loan principal borrowed by the state......»»
Xinhua world news summary at 1530 GMT, June 2
HELSINKI -- Businesswoman Halla Tomasdottir is set to become Iceland's new president, official data from the Icelandic national broadcaster RUV showed Sunday. According to the RUV, Tomasdottir led her opponents with 34.3 percent of the vote, followed by former Prime Minister Katrina Jakobsdottir, who came in second with 25.2 percent. (Iceland-New President) - - - - CHICAGO -- An overnight shooting.....»»
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)......»»
Faster GDP growth seen in 2nd quarter
he country’s gross domestic product growth will likely accelerate to 5.9 percent in the second quarter from 5.7 percent in the first quarter, supported by high employment, government spending and within-target inflation, according to First Metro Investment Corp. and University of Asia and the Pacific......»»
PhilHealth eyes 100 percent hike in dialysis patients coverage
MANILA, Philippines — The Philippine Health Insurance Corp., PhilHealth is studying a 100 percent increase in the coverage for dialysis sessions, from P2,600 to P5,200, as it hopes to expand medical benefits for members. In a joint press conference on Tuesday, PhilHealth executive vice president Eli Dino Santos and ACT-CIS Rep. Erwin Tulfo said they.....»»
Diphtheria cases up 75 percent
Cases of diphtheria in the country have increased by 75 percent, the Department of Health reported yesterday......»»
Government borrowings down 31 percent to P89 billion in April
The government slashed its borrowings by a little over 30 percent to P89 billion in April, following declines in debt from both the domestic and foreign markets......»»
Chikungunya cases up 439 percent
Chikungunya cases in the country increased by 439 percent from January to March compared to the same period last year, the Department of Health reported yesterday......»»
Deficit-to-GDP ratio seen at 5.9 percent this year
Japanese investment bank Nomura expects the Philippines’ deficit-to-gross domestic product ratio to remain “high” at 5.9 percent this year......»»
Region 8 posts 95.1 percent employment rate in 2022
Among provinces in the region, Samar posted the highest employment rate in Eastern Visayas at 97.4 percent......»»
Market slips from last minute selling
The Philippine Stock Exchange index (PSEi) slipped by 9.51 points, or 0.14 percent, to close at 6,618.69, while the broader All Shares index dipped by 0.37 point, or 0.01 percent, to settle at 3,524.15......»»
Inflation rate in Cebu Province decelerates in April 2024
CEBU CITY, Philippines — The inflation rate in Cebu Province for April 2024 has decelerated to 0.2 percent from 0.3 percent in March, according to the report of the Philippine Statistics Authority (PSA) Cebu on Thursday, May 16. PSA Cebu’s Chief Statistical Specialist Melchor Bautista said the headline inflation slowed down in April 2024 mainly.....»»
Philippines sees remittances rise 2.6 pct in March
MANILA, May 15 (Xinhua) -- Personal remittances from overseas Filipinos reached 3.05 billion U.S. dollars in March, recording a 2.6 percent growth year-on-year, the Philippine central bank said on Wednesday. The Bangko Sentral ng Pilipinas (BSP) said the cumulative personal remittances in the first quarter amounted to 9.15 billion dollars, 2.8 percent higher than the amount in the same period in 2023. The.....»»
Banks ease exposure in real estate in 2023
The exposure of Philippine banks and trust entities to the volatile property segment eased slightly to 20.17 percent of total loans in end-December 2023 from 20.55 percent in end-September last year, data from the Bangko Sentral ng Pilipinas showed......»»
PBCom profit drops 8.4 percent in 3 months
Philippine Bank of Communications posted a net income of P496 million in the first quarter of the year, down by 8.4 percent from a year ago due to higher operating expenses......»»
State subsidies drop by 8 percent to P20 billion in Q1
The government cut down its budgetary support to state-run firms by eight percent to almost P20 billion in the first quarter, with the bulk of the subsidies meant to support the agriculture sector......»»
Pinoy farmers’ income up by 20 percent – World Bank
Filipino farmers’ income has increased by 20 percent as a result of World Bank-funded projects under the Philippine Rural Development Project (PRDP), with the country receiving a satisfactory rating on the implementation of the $600 million loan project......»»
Landbank income improves by 11 percent in Q1
The net income of state-run Land Bank of the Philippines increased by 11 percent to P12 billion in the first quarter from P10.8 billion in the same quarter last year, mainly driven by high interest income from loans......»»
Credit growth climbs to 11-month high in March
Consumer loans jumped by 25.4 percent to P1.32 trillion in March, slightly faster than the 25.2 percent expansion a month ago......»»