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Bank credit growth slows anew in November

The expansion of credit in the country slowed anew in November 2023 due to still elevated interest rates, the Bangko Sentral ng Pilipinas said......»»

Category: financeSource:  philstarRelated NewsJan 13th, 2024

Trade gap widens to $4.69 billion in November

The country’s trade deficit in November widened to a seven-month high as imports left negative territory, while exports continued to decline......»»

Category: financeSource:  philstarRelated NewsJan 10th, 2024

Philippines lodges strong protest with China over water cannon attack in disputed South China Sea

Manila [Philippines], March 25 (ANI): In the wake of accusation by the Philippines that the Chinese Coast Guard wounded three of its soldiers during a water cannon attack in the disputed South China Sea, Manila on Monday summoned Beijing's envoy to lodge its strong protest, Al Jazeera reported. The Philippines Department of Foreign Affairs, in a statement said that Manila conveyed its "strong protest against the aggressiv.....»»

Category: newsSource:  manilanewsRelated NewsMar 26th, 2024

Philippines lodges strong protest with China over water cannon attack in disputed South China Sea

Manila [Philippines], March 25 (ANI): In the wake of accusation by the Philippines that the Chinese Coast Guard wounded three of its soldiers during a water cannon attack in the disputed South China Sea, Manila on Monday summoned Beijing's envoy to lodge its strong protest, Al Jazeera reported. The Philippines Department of Foreign Affairs, in a statement said that Manila conveyed its "strong protest against the aggressiv.....»»

Category: newsSource:  inquirerRelated NewsMar 25th, 2024

ADB approves USD 100 mln loan to support small and medium-sized enterprises in Sri Lanka

Manila [Philippines], March 19 (ANI): The Asian Development Bank (ADB) has approved a USD 100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change. SMEs play a critical role in Sri Lanka's economy, contributing 52 per cent to the country's gross domestic product and employ 45 per c.....»»

Category: newsSource:  manilanewsRelated NewsMar 21st, 2024

Steps taken by China in South China Sea destabilizing – US

Steps taken by China in the South China Sea that were coercive and against international law are “destabilizing” and “deeply unacceptable,” a ranking State Department official said yesterday......»»

Category: newsSource:  philstarRelated NewsMar 7th, 2024

China’s first homegrown airliner makes international debut in Singapore

SINGAPORE – China’s challenger to Airbus and Boeing’s passenger jets, the narrow-body C919 manufactured by the Commercial Aircraft Corporation of China (COMAC), has made its first trip outside Chinese territory, staging a fly-by at the Singapore Airshow on Sunday. China has invested heavily in its attempt to break the hold of the dominant two Western.....»»

Category: newsSource:  inquirerRelated NewsFeb 18th, 2024

China 'Pushes the Boundaries' with its expanding borders

Beijing [China], February 13 (ANI): In late 2021, Chairman Xi Jinping famously told President Joe Biden, "Aggression or hegemony is not in the blood of the Chinese nation. Since the founding of the people's republic, China has never started a single war or conflict, and has never taken one inch of land from other countries." However, such a claim is demonstrably false, as China recklessly pushes forward its boundaries on.....»»

Category: newsSource:  manilanewsRelated NewsFeb 13th, 2024

China 'Pushes the Boundaries' with its expanding borders

Beijing [China], February 13 (ANI): In late 2021, Chairman Xi Jinping famously told President Joe Biden, "Aggression or hegemony is not in the blood of the Chinese nation. Since the founding of the people's republic, China has never started a single war or conflict, and has never taken one inch of land from other countries." However, such a claim is demonstrably false, as China recklessly pushes forward its boundaries on.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 13th, 2024

China: Carmakers Implicated in Uyghur Forced Labor

VOICEOVER:Do you have a car?  If so, then parts of your car could be made with forced labor from China. Let's explain how. The first thing you need to know is that factories in China make the most cars in the world.Major brands such as General Motors, Tesla, BYD, Toyota, and Volkswagen manufacture and sell cars in China.  .....»»

Category: newsSource:  philippinetimesRelated NewsFeb 3rd, 2024

China slams Germany for meddling in South China Sea row

Insisting anew on its claim of owning almost the entire South China Sea China has lashed back at other non-Association of Southeast Asian Nations countries allegedly meddling in the maritime disputes of the region......»»

Category: newsSource:  philstarRelated NewsJan 14th, 2024

VP Sara ready to face ICC charges only before a Filipino court

Vice President Sara Duterte expressed her readiness to confront any allegations against her but insisted that she would only do so in front of a Filipino judge and within the jurisdiction of a Filipino court. In a statement on her Facebook page, she emphasized her refusal to participate in any process that could tarnish the reputation and integrity of the Philippine judiciary system. Duterte adamantly opposed the involvement of foreign entities in the country's legal affairs, citing it as a dishonor to the sacrifices made by Filipino heroes for the nation's freedom. Duterte, who previously served as vice mayor and mayor of Davao City, vehemently denied any involvement in the Davao Death Squad during her terms in office. She expressed dismay over the sudden appearance of a witness against her in the International Criminal Court (ICC) after assuming the vice presidency. Duterte dismissed the accusations and questioned the motives behind the allegations, asserting her capability to accomplish tasks without resorting to unlawful means. In a related development, President Ferdinand Marcos Jr. voiced his refusal to acknowledge the ICC's jurisdiction in the Philippines, considering it a threat to the country's sovereignty. He issued a directive for all government agencies to refrain from cooperating with the ICC, emphasizing the nation's non-recognition of the court's authority. Former senator Antonio Trillanes IV claimed that ICC investigators had gathered substantial evidence against former President Rodrigo Duterte regarding his administration's war on drugs. He anticipated an imminent issuance of an arrest warrant against the former president. Former President Rodrigo Duterte condemned the ICC's decision to initiate a preliminary investigation into the war on drugs, labeling it an insult to the Philippines and challenging the court's jurisdiction within the country. During his presidency, he initiated the withdrawal of the Philippines' membership from the Rome Statute, the treaty that established the ICC. The ICC appeals chamber recently granted a request to resume the investigation into alleged crimes against humanity related to the Philippines' controversial drug campaign, spanning from November 2011 to March 2019. The developments surrounding the ICC's probe into the Philippines' internal affairs have sparked a contentious debate, with key political figures and rights groups expressing divergent views on the matter. The ongoing tensions between the Philippines and the ICC underscore the complex intersection of international law, national sovereignty, and human rights issues......»»

Category: newsSource:  sunstarRelated NewsJan 24th, 2024

China warns PH to “tread carefully” on Taiwan issue

MANILA, Philippines— China issued a subtle warning to the Philippines concerning Taiwan, advising Filipino officials to “tread carefully” on the matter of the “red line.” China made the remark following an order by Philippine Defense Secretary Gilberto Teodoro Jr. to raise military presence in Batanes, the Philippines’ northernmost province that is very near Taiwan. “I.....»»

Category: newsSource:  inquirerRelated NewsFeb 9th, 2024

China summons Philippines envoy as Manila congratulates Taiwan s President-elect

Beijing [China], January 16 (ANI): In swift action after the Taiwan election results, China summoned the Philippines ambassador as Manila congratulated the winner of Taiwan's presidential election, Al Jazeera reported on Tuesday. It reported that the Chinese side on Tuesday lashed out at the Philippines after President Ferdinand Marcos sent Taiwanese President-elect Lai Ching-te a note on his victory in the recent vote. T.....»»

Category: lifestyleSource:  abscbnRelated NewsJan 18th, 2024

China summons Philippines envoy as Manila congratulates Taiwan s President-elect

Beijing [China], January 16 (ANI): In swift action after the Taiwan election results, China summoned the Philippines ambassador as Manila congratulated the winner of Taiwan's presidential election, Al Jazeera reported on Tuesday. It reported that the Chinese side on Tuesday lashed out at the Philippines after President Ferdinand Marcos sent Taiwanese President-elect Lai Ching-te a note on his victory in the recent vote. T.....»»

Category: newsSource:  manilanewsRelated NewsJan 17th, 2024

ADB supports Alternergy’s 1st green corporate loan

The Asian Development Bank has provided support to renewable energy developer Alternergy Holdings Corp. in securing its first green corporate loan......»»

Category: newsSource:  philstarRelated NewsJun 1st, 2024

Global Dominion commits to further introducing Sangla OR/CR in Philippines

Car collateral loan, also known as vehicle mortgage loan and now more commonly called Sangla OR/CR (official receipt and certificate of registration), is not a product many Filipinos are aware of......»»

Category: financeSource:  philstarRelated NewsMay 29th, 2024

Global Dominion commits to further introducing Sangla OR/CR in Philippines

Car collateral loan, also known as vehicle mortgage loan and now more commonly called Sangla OR/CR (official receipt and certificate of registration), is not a product many Filipinos are aware of......»»

Category: financeSource:  philstarRelated NewsMay 22nd, 2024

ACEN guarantees subsidiary’s P1.4 billion loan

ACEN Corp., the listed energy platform of the Ayala Group, has issued a corporate guarantee in support of the P1.4 billion loan of its subsidiary San Carlos Solar Energy Inc......»»

Category: financeSource:  philstarRelated NewsMay 20th, 2024

Sun Savings Bank achieves P79M net income, expands consumer loan offerings for 2024

Sun Savings Bank achieves P79M net income, expands consumer loan offerings for 2024.....»»

Category: newsSource:  sunstarRelated NewsMay 19th, 2024