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Japan recession: Scaled back spending helps push economy to where it is now
TOKYO — To grasp the dynamics that bumped Japan into recession and off its perch as the world’s third largest economy on Thursday, look no further than Risa Shinkawa’s dining habits. Unlike unionised workers at big manufacturers such as Toyota Motor, the 32-year-old aesthetician isn’t expecting a pay rise anytime soon. Rather, her salary has.....»»
Japan slips into a recession and loses its spot as the world s third largest economy
Japan slips into a recession and loses its spot as the world s third largest economy.....»»
DSWD-Davao to aid disaster victims in recovery, rehab amid regionwide ECT payouts
THE Department of Social Welfare and Development-Davao Region (DSWD-Davao) reaffirmed its commitment to aid all victims of recent disasters in the Davao Region on their journey towards recovery and rehabilitation......»»
Village chief rewardscouple for missing girl recovery
Village chief rewardscouple for missing girl recovery.....»»
E-notice provision, other amendments to SARFAESI, DRTA in pipeline to streamline debt recovery
By Vishu AdhanaNew Delhi [India], March 19 (ANI): The Ministry of Finance has constituted a committee to determine further amendments to the SARFAESI and DRT Acts, including providing legal cover to e-notice for expeditious debt recovery, sources in the ministry said. The committee held several meetings and discussions are in the "advanced stage," sources told ANI. Last month, the finance ministry held extensive discussio.....»»
D& L sees earnings recovery this year
D&L Industries Inc. expects a recovery in profitability this year after earnings in 2023 fell due to higher interest and depreciation expenses associated with the Batangas plant coupled with the lingering effects of high inflation......»»
Military operation in Iloilo results in recovery of bodies, capture of CNT members
Military operation in Iloilo results in recovery of bodies, capture of CNT members.....»»
Millennials banked on to spur HMO recovery
The Generation Y, colloquially known as the millennials, is expected to help prop up the health maintenance organization sector into recovery as health protection tops their priority list......»»
President Marcos sends best wishes for King Charles’ recovery
President Marcos has joined calls for prayer for the speedy recovery of King Charles, who was recently diagnosed with cancer......»»
Minister for Emergency Management and Recovery
Flood resilience across the Wairarapa will be increased thanks to the Government's commitment of more than $8 million across five projects."Today, I am visiting the Wairarapa as part of the Government's 100-day plan to meet with community representatives affected by the 2023 severe weather events to understand what can be done to speed up and simplify recovery efforts," Emergency Management an.....»»
Japan unexpectedly slips into recession, Germany now world’s third biggest economy
Frail consumption and capital spending point to a challenging outlook for Japan’s economy.....»»
‘No tax breaks for eco-zone work-from-home firms’
Work-from-home setups of business enterprises in economic zones should no longer get tax incentives under the Corporate Recovery and Tax Incentives for Enterprises Act as the public health emergency status for COVID-19 has already been lifted, Justice Secretary Jesus Crispin Remulla clarified in a legal opinion......»»
WHO sounds alarm over rising measles cases in Western Pacific region
MANILA, March 1 (Xinhua) -- The World Health Organization (WHO) on Friday expressed alarm over a 255 percent increase in measles cases in 2023 from a year earlier in the Western Pacific Region due to gaps in vaccination coverage, disease surveillance, and travel of people from countries experiencing outbreaks. The UN health agency said the region recorded 5,044 cases in 2023, higher than that in 2021 and 2022 co.....»»
WHO sounds alarm over rising measles cases in Western Pacific region
MANILA, March 1 (Xinhua) -- The World Health Organization (WHO) on Friday expressed alarm over a 255 percent increase in measles cases in 2023 from a year earlier in the Western Pacific Region due to gaps in vaccination coverage, disease surveillance, and travel of people from countries experiencing outbreaks. The UN health agency said the region recorded 5,044 cases in 2023, higher than that in 2021 and 2022 co.....»»
Al-ag proposes to repeal ordinance requiring delivery riders biz permits
Davao City Councilor Bernie Al-ag has proposed the repeal of an ordinance that requires delivery riders to obtain business permits. The ordinance in question, City Ordinance 0612-21 series of 2021, classified delivery riders as independent service contractors, mandating them to apply for business permits. However, a joint memorandum circular issued by various government agencies exempts individuals providing personal services, including delivery riders, from securing business permits. Al-ag emphasized that the city government must adhere to the guidelines set forth in the memorandum. While the proposed repeal is pending, Al-ag advised delivery riders to comply with the existing ordinance. He expressed confidence in the passage of the repeal, citing the solid basis provided by the joint memorandum. Despite a group of delivery riders seeking an audience with Davao City Mayor Sebastian Duterte on the matter, Al-ag's proposal was drafted in response to a separate petition. He clarified that the repeal is not about monetary collection but aligning with national law, which exempts delivery riders from obtaining business permits. Al-ag remains optimistic about the repeal's approval, pointing to the support provided by the joint memorandum as a strong foundation for his proposal......»»
Marcos, First Lady Liza have made full recovery from flu-like symptoms, says Palace
President Marcos 'has been in meetings today and will resume his public duties tomorrow,' Malacañang says on Monday, March 25.....»»
RLC posts record P12.1 billion profit in 2023
Robinsons Land Corp. raked in a record profit of P12.06 billion in 2023 as malls gained from the recovery of consumer confidence and spending......»»
Moody’s outlook: Philippine banks remain on stable footing
Moody’s Investors Service has maintained a stable outlook for Philippine banks as interest rate cuts from the Bangko Sentral ng Pilipinas this year are seen to support economic recovery......»»
Davao Oriental under state of calamity
The entire province of Davao Oriental has been declared under a state of calamity following the impact of the shear line, allowing the provincial local government unit to access its Quick Response Fund for rehabilitation efforts. The unanimous resolution was approved during a regular session in Sangguniang Panlalawigan, based on comprehensive assessment and recommendation from the Provincial Disaster Risk Reduction and Management Council and Governor Niño Uy. This declaration is crucial for providing emergency aid to the affected constituents and enforcing price control on essential items. Rapid Disaster Assessment and Needs Assessment reports indicate that around 63,337 families are affected, with 645 families and 1,830 individuals currently displaced and in evacuation centers. The damages in agriculture, fisheries, and livestock are estimated to be significant. Several municipalities have already declared a state of calamity, and the entire province is yet to announce its final assessment on the value loss in agriculture. This declaration aims to expedite rehabilitation and recovery plans to restore normalcy in the affected areas......»»
Russian car production surged in 2023 - data
The industry has rebounded after a sharp downturn in 2022 Russian factories produced more than 700,000 vehicles last year in what has been a rapid recovery from Western sanctions, Russian Deputy Prime Minister Denis Manturov announced on Monday. Car production in Russia rose by 16% in 2023, with ov.....»»