Philippines forex reserves dip to $103 billion in January
The country’s forex buffer slid slightly to $103.4 billion in January as the government paid its foreign debts and the central bank’s gold holdings took a hit from lower prices in the global market......»»
Philippines jobless rate increases to 4.5 pct in January
MANILA, March 8 (Xinhua) -- The Philippines' unemployment rate increased to 4.5 percent in January from 3.1 percent in December last year, the Philippine Statistics Authority (PSA) said on Friday. PSA head Dennis Mapa told a press conference that there were 2.15 million jobless Filipinos in January. "This was lower than the reported number of unemployed persons in January 2023 of 2.38 million," Mapa said......»»
Philippines jobless rate increases to 4.5 pct in January
MANILA, March 8 (Xinhua) -- The Philippines' unemployment rate increased to 4.5 percent in January from 3.1 percent in December last year, the Philippine Statistics Authority (PSA) said on Friday. PSA head Dennis Mapa told a press conference that there were 2.15 million jobless Filipinos in January. "This was lower than the reported number of unemployed persons in January 2023 of 2.38 million," Mapa said......»»
Philippines inflation rate slows to 2.8 pct in January
MANILA, Feb. 6 (Xinhua) -- Year-on-year inflation in the Philippines further eased to 2.8 percent in January from 3.9 percent in December 2023, the Philippine Statistics Authority (PSA) said on Tuesday. PSA head Dennis Mapa told a press conference that the January inflation rate is the lowest since the 2.3 percent inflation rate was recorded in October 2020. In January 2023, inflation rate was 8.7 percent.....»»
Philippines posts 740 mln USD deficit in January
MANILA, Feb. 20 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a 740 million U.S. dollars deficit in January 2024, a reversal from the 3.1 billion dollars BOP surplus recorded a year ago, the country's central bank has said. The Bangko Sentral ng Pilipinas (BSP) said on Monday that the BOP deficit in January reflected outflows arising mainly from the national government's payments of its f.....»»
Philippines posts 740 mln USD deficit in January
MANILA, Feb. 20 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a 740 million U.S. dollars deficit in January 2024, a reversal from the 3.1 billion dollars BOP surplus recorded a year ago, the country's central bank has said. The Bangko Sentral ng Pilipinas (BSP) said on Monday that the BOP deficit in January reflected outflows arising mainly from the national government's payments of its f.....»»
A continuing failure?
Because bringing power plants online from scratch takes at least five years, our current problems with low grid reserves resulting in yellow and red alerts can be blamed on a failure during the Duterte era. But the BBM DOE seems committed to continuing the failed policies......»»
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......»»
Cuts in bank reserves unlikely soon – BSP
The Bangko Sentral ng Pilipinas is unlikely to cut banks’ reserve requirement ratio in the third quarter, amid expectations of policy rate cuts in the second half of the year......»»
Malampaya
Our big frustration in the old Ministry of Energy was the inability to discover a big enough oil or natural gas reserves in the country......»»
La cote de l Afrique de l Ouest etait un paradis pour la piraterie et la pche illegale : comment la technologie change la donne
Le golfe de Guinee - une region cotire qui s'etend du Senegal l'Angola - est dote de vastes reserves d'hydrocarbures, de mineraux et de ressources halieutiques. Il s'agit egalement d'une voie importante pour le commerce international, ce qui le rend essentiel au developpement des pays de la region.Cependant, pendant longtemps, les pays du golfe de Guinee n'ont pas s.....»»
Biz Leaders Welcome Coal-Fired Power Plant Expansion in Toledo City to Prevent Outages
Business stakeholders in Cebu welcomed the expansion project of a coal-fired power plant in Toledo City as a way to prevent outages that happened in Aklan early this year. They said that concerns about the environment will be “outweighed” by the economic benefits that will come with more power supply considering the dwindling reserves in […].....»»
Chinabank reaffirms its customer focus with new campaign
Chinabank has launched a brand refresh program and digital campaign to evolve the 103-year-old bank’s brand and image, making it more resonant and engaging to a new generation of customers......»»
FiberXers exit with grace, shock Tropang Giga
The Converge FiberXers held on and stunned the TNT Tropang Giga, 107-103, to finish their PBA Philippine Cup campaign on a high note Wednesday at the Philsports Arena in Pasig City......»»
It’s Happy hour for SMB
Then Marcio Lassiter whipped up a storm in the third quarter to reverse the tide and help clear the way to a “routine” 112-103 victory for SMB in the PBA Philippine Cup yesterday at the PhilSports Arena......»»
Hotshots stymie Fuel Masters
The Magnolia Hotshots pulled away in the fourth quarter and dealt the Phoenix Fuel Masters a tough 103-97 drubbing Sunday afternoon in the PBA Philippine Cup at the Ninoy Aquino Stadium in Manila......»»
Rain or Shine keeps hot streak
Rampaging Rain or Shine turned things around in the fourth quarter to frustrate its former player Rey Nambatac and Blackwater, 110-103, for its third straight win in the PBA Philippine Cup yesterday as the league marked a historic return to the Ninoy Aquino Stadium......»»
Road Warriors stop Bossing streak
The NLEX Road Warriors pulled away late and dealt the Blackwater Bossing their first loss of the PBA Philippine Cup, 103-97, Wednesday at the Philsports Arena in Pasig City......»»
Screening of Martial Law docu set in Davao to mark Edsa Revolt anniversary
MALAYBALAY CITY (MindaNews / 24 February) – Various groups will hold a screening of the award-winning Martial Law documentary “11,103” to mark the 38th anniversary of the Edsa People Power Revolt that toppled the Marcos dictatorship. The screening will be on Feb. 28, from 6:30pm to 9:00pm, at the audio-visual room of Holy Cross of […].....»»
Beermen foil Hotshots comeback try to win Game 1
The San Miguel Beermen drew first blood in the PBA Commissioner’s Cup Finals after weathering the gritty Magnolia Hotshots, 103-95, at the Mall of Asia Arena in Pasay City Friday......»»
Phoenix rises from 21-point hole to stay alive vs Hotshots
The Phoenix Fuel Masters flipped the script in the second half and successfully clawed back from a 21-point second quarter deficit to force a Game 4 in the PBA Commissioner’s Cup semifinals against the Magnolia Hotshots, 103-85, Sunday at the Mall of Asia Arena in Pasay City......»»