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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......»»
Remittances plummet to 9-month low in February
Money sent home by overseas Filipino workers went down to its lowest level in nine months in February amid global economic headwinds, data from the Bangko Sentral ng Pilipinasshowed......»»
Pagasa: Less chance of tropical cyclone forming in March
MANILA, Philippines — Meteorologists from Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) stated that there is a low chance of a tropical cyclone forming or entering the Philippine area of responsibility (PAR) this March. The likelihood of experiencing typhoons remains low this month, but it is still possible, said Benison Estareja, weather specialist from Pagasa,.....»»
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.....»»
Cebu Pacific named among safest budget carriers globally
Low-cost carrier Cebu Pacific has landed as one of the safest low-cost airlines in the world, beating nearly 400 global operators in terms of compliance with international standards, according to AirlineRatings.com......»»
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......»»
BSP: Inflation likely eased further in January
Headline inflation likely slowed further for the fourth straight month in January, ranging between 2.8 and 3.6 percent, after easing to a 22-month low of 3.9 percent in December, according to the Bangko Sentral ng Pilipinas......»»
Cebu’s Buytrago suits up for PHL in AVC beach v’ball tour
CEBU CITY, Philippines — Cebu will be well-represented in the upcoming international beach volleyball tilt billed as the Smart Asian Volleyball Confederation (AVC) Beach Tour Nuvali Open on April 4-7. Cebuano veteran beach volleyball player James Buytrago will play for the men’s team under the Philippine National Volleyball Federation (PNVF). This will be Buytrago’s first.....»»
PHL ready to face Iraq in FIFA World Cup qualifiers
CEBU CITY, Philippines — The Philippine Men’s National Football Team is ready to take on Iraq, according to its head coach, Tom Saintfiet. The team will face Iraq tomorrow, March 21, at the Basra International Stadium for the FIFA World Cup 2026 qualifiers. Members of the Philippine Men’s National Football Team flew to Iraq recently.....»»
SMC launches PHL’s first complete biodiversity offset Site in Bulacan
San Miguel Aerocity, Inc. (SMAI), a subsidiary of San Miguel Corporation (SMC), has inaugurated its Saribuhay sa Dampalit project in Barangay Pamarawan, Malolos, Bulacan. This pioneering initiative marks the launch of the Philippines’ first Biodiversity Offset Program (BOP) — part of the company’s nature-based solutions to building its New Manila International Airport project (NMAI) in ….....»»
PHL needs to address ‘terrible’ learning crisis – new Ateneo de Davao President
DAVAO CITY (MindaNews / 9 January) – The Philippines is facing a “terrible” learning crisis that must be addressed immediately as the country continues to fare poorly in international-scale assessments, new Ateneo de Davao University (AdDU) President Fr. Karel S. San Juan said. San Juan told reporters during a press conference on Monday that the […].....»»
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......»»
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......»»
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 […].....»»
NBA: Lakers book playoff date with Nuggets, Kings eliminate Warriors
LeBron James and the Los Angeles Lakers held off a furious late rally to beat the New Orleans Pelicans 110-106 on Tuesday and book a first-round NBA playoff clash with the defending champion Denver Nuggets. Four-time NBA champion James scored 23 points with nine rebounds, nine assists and three steals to lead the Lakers in.....»»
‘Chasing Tuna in the Ocean’ ekis sa mga lokal na sinehan, bakit kaya?
PAGKATAPOS ng pelikulang “Barbie,” naging kontrobersyal naman ngayon ang bagong pelikula na “Chasing Tuna in the Ocean” dahil sa pagpapakita ng “nine-dash line.” Kung matatandaan, unang ipinagbawal ang “Barbie” dito sa Pilipinas at sa Vietnam dahil nahagip sa pelikula ang mapa ng South China Sea kasama ang nine-dash line. Ngunit nanindigan ang Movie and Television.....»»
Xinhua world news summary at 1530 GMT, Feb. 13
ANKARA -- At least nine workers were believed to be trapped in a landslide in a gold mine area on Tuesday in the Ilic district of eastern Türkiye's Erzincan Province, local NTV reported, citing local authorities. Erzincan Governor Hamza Aydogdu told reporters that there may be nine to 12 workers trapped underground, but the exact number is not yet known. (Türkiye-Mining Disaster) - - - -.....»»
Xinhua world news summary at 1530 GMT, Feb. 13
ANKARA -- At least nine workers were believed to be trapped in a landslide in a gold mine area on Tuesday in the Ilic district of eastern Türkiye's Erzincan Province, local NTV reported, citing local authorities. Erzincan Governor Hamza Aydogdu told reporters that there may be nine to 12 workers trapped underground, but the exact number is not yet known. (Türkiye-Mining Disaster) - - - -.....»»