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US budget deficit tops half a trillion

Outlays accelerated while receipts fell in the first quarter of the new fiscal year, Treasury data shows The US federal budget deficit reached half a trillion dollars in the first three months of the new fiscal year as spending picked up while receipts shrank, the US Treasury revealed on Thursday. In December a.....»»

Category: newsSource:  philippinetimesRelated NewsJan 14th, 2024

Weak exports still biggest hurdle to Philippines expansion

The Philippine export sector remains the biggest drag to economic expansion as it takes a hit from the slowdown in major trading partners, according to a unit of Fitch Solutions......»»

Category: financeSource:  philstarRelated NewsFeb 7th, 2024

Why the dollar is still strong

Despite the ongoing wars in Ukraine and Gaza, Fitch’s credit rating downgrade of the US, the lowering of the US credit rating outlook to negative by Moody’s and a growing US debt burden, the US dollar has regained its strength......»»

Category: lifestyleSource:  abscbnRelated NewsApr 7th, 2024

Why the dollar is still strong

Despite the ongoing wars in Ukraine and Gaza, Fitch’s credit rating downgrade of the US, the lowering of the US credit rating outlook to negative by Moody’s and a growing US debt burden, the US dollar has regained its strength......»»

Category: lifestyleSource:  abscbnRelated NewsApr 7th, 2024

Fitch sees Philippine economy growing by 6.4% in 2024

“We expect output growth to accelerate to 6.4 percent in 2024, reflecting base effects from a weaker 2023 and our assessment that policy rates have peaked. Consumer confidence has been weakening, but business confidence has recovered strongly.”.....»»

Category: financeSource:  philstarRelated NewsMar 15th, 2024

Tourist arrivals seen to breach pre-COVID-19 levels

The country’s tourism sector is expected to sustain its recovery this year, with international arrivals hitting 8.21 million, effectively closing in to pre-COVID levels, according to a unit of Fitch Solutions......»»

Category: financeSource:  philstarRelated NewsFeb 2nd, 2024

No rice subsidies, cash assistance for El Niño-stricken local food producers – KMP

By ZYSA MEI ELLORAN Bulatlat.com MANILA – The farmers are hungry. This is the sentiment of Filipino farmers as they continue to call for government support having suffered the worst impacts of the El Niño phenomenon, resulting in heavy losses in their livelihood. “Farmers need an urgent and concrete response from the government. Farmers need… The post No rice subsidies, cash assistance for El Niño-stricken local food producers – KMP appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsMar 30th, 2024

BSP prodded to build up forex reserves

The Bangko Sentral ng Pilipinas should continue rebuilding its gross international reserves amid the wide current account deficit and heavy reliance on debt funding, according to Bank of America Global Research......»»

Category: financeSource:  philstarRelated NewsMar 20th, 2024

S& P: Philippines may miss growth goal this year

S&P Global Ratings sees the Philippines again missing its growth targets this year as it kept its gross domestic product growth forecast at 5.9 percent. While the projection is better compared to other economies in the region, it is again below the government’s 6.5 to 7.5 percent growth target......»»

Category: financeSource:  philstarRelated NewsMar 28th, 2024

Globe reports steep 73.7% decline in blocked bank-related spam, scam SMS in 2023

The telecommunications company Globe has reported a significant 73.7% decrease in the number of blocked spam and scam SMS related to banks in 2023. This reduction is a result of the interception of 21.9 million bank-related fraudulent messages, a sharp decline from the 83.39 million messages blocked the previous year. Globe attributes this achievement to its proactive strategies and strong partnerships with major banks and financial institutions in the Philippines. The company has established anti-fraud alliances with the Bankers Association of the Philippines and individual players in the finance sector, enabling the sharing of data and intelligence to prevent and investigate fraud effectively. Anton Bonifacio, Chief Information Security Officer at Globe, emphasized the company's commitment to combating financial fraud and enhancing security measures for customer protection. Globe has invested approximately US$20 million to improve its spam and scam SMS detection and blocking system and operates a 24/7 Security Operations Center to filter out unwanted messages from both international and domestic sources. Despite certain limitations, Globe remains dedicated to customer protection and emphasizes the need for a unified approach in the fight against fraud. The company is focused on leveraging technology and strengthening alliances with key stakeholders to combat fraudulent activities. As Globe continues to advance its technologies and collaborations, it aims to provide a safer and more secure digital environment for its customers. For more information about Globe and its initiatives, visit www.globe.com.ph. (SPONSORED CONTENT).....»»

Category: newsSource:  sunstarRelated NewsFeb 4th, 2024

‘Trade with China should continue’

The Philippines should continue to pursue stronger trade ties with China despite rising tensions in the West Philippine Sea, according to the Federation of Filipino-Chinese Chambers of Commerce and Industry Inc. and the Department of Trade and Industry......»»

Category: financeSource:  philstarRelated NewsMar 26th, 2024

Resupply missions in West Philippine Sea to continue – AFP

Amid continuing harassment by China, the Armed Forces of the Philippines (AFP) said the military will continue to carry out rotation and reprovisioning (RORE) missions to the BRP Sierra Madre at Ayungin Shoal......»»

Category: newsSource:  philstarRelated NewsMar 10th, 2024

Police continue to gather evidence on Larumbe hit-and-run case

CEBU CITY, Philippines – Police in Cebu City have taken custody of the SUV believed to be involved in the hit-and-run case that killed Jeslar Uriel Larumbe. But its owner remains a free man as the police continue to determine if he was indeed involved in the hit-and-run case. The vehicle owner, whose name is.....»»

Category: newsSource:  inquirerRelated NewsFeb 7th, 2024

Hirit ni Ruru: Lahat tayo pwedeng maging bayani tulad ni Black Rider!

PATULOY ang pag-ulan ng mga blessing sa personal at showbiz career ng “Black Rider” lead star at tinaguriang Kapuso Action Hero na si Ruru Madrid. Bukod kasi sa tuluy-tuloy ang magandang ratings ng “Black Rider” ay wagi rin ang nasabing action-packed series sa ginanap na New York Festivals TV & Film (NYF) Awards. Nasungkit ng.....»»

Category: newsSource:  inquirerRelated NewsApr 23rd, 2024

Showtime hanggang December, 2024 lang ang kontrata sa GMA?

NASULAT namin dito sa BANDERA na bibigyan ng tatlong buwang taning ang “It’s Showtime” sa GMA 7 para mapataas ang ratings ng noontime show. Nagtagumpay sa unang episode nitong Abril 6, Sabado, ang programa ng ABS-CBN dahil inilampaso nito ang katapat na programang “Eat Bulaga” sa TV5. Nabanggit pa naming bakit hindi gawing anim na.....»»

Category: newsSource:  sunstarRelated NewsApr 9th, 2024

Showtime hanggang December, 2024 lang ang kontrata sa GMA?

NASULAT namin dito sa BANDERA na bibigyan ng tatlong buwang taning ang “It’s Showtime” sa GMA 7 para mapataas ang ratings ng noontime show. Nagtagumpay sa unang episode nitong Abril 6, Sabado, ang programa ng ABS-CBN dahil inilampaso nito ang katapat na programang “Eat Bulaga” sa TV5. Nabanggit pa naming bakit hindi gawing anim na.....»»

Category: newsSource:  sunstarRelated NewsApr 9th, 2024

Marian pinatunayang siya pa rin ang Primetime Queen; Firefly may libro na

MAINIT na tinanggap ng viewers ang comeback series ni Kapuso Primetime Queen Marian Rivera, ang “My Guardian Alien.” Mula pilot episode noong April 1, patuloy na namamayagpag sa ratings ang naturang serye na naging trending topic din sa social media. Todo-puri rin ang netizens sa kuwento nitong nakakaantig ng damdamin. Unang linggo pa lang pero.....»»

Category: newsSource:  inquirerRelated NewsApr 7th, 2024

Declining

In the March 6-19, 2024 Pulse Asia survey, the approval and trust ratings of President Ferdinand “Bongbong” Romualdez Marcos Jr. fell dramatically, an early indication of popular dissatisfaction with his performance, his policies and his recent decisions......»»

Category: newsSource:  philstarRelated NewsApr 3rd, 2024

Ambiguous

Next year’s elections will probably be a bore. It is, after all, a midterm exercise where the administration controls a supermajority in Congress and basks in comparatively high approval ratings......»»

Category: newsSource:  philstarRelated NewsMar 11th, 2024

Ruru Madrid learns from action idols, rides high on ratings

Ruru Madrid further strengthens his foothold in the action genre with the GMA Primetime Telebabad show, “Black Rider.” It’s a follow-up to the action and adventure-filled “Lolong,” with the drama-fantasy “The Write One” as, in a way, a breather from the genre and a reminder of his versatility......»»

Category: entertainmentSource:  philstarRelated NewsMar 10th, 2024