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Philippines jobless rate drops to decades-low in December 2023
MANILA, Feb. 7 (Xinhua) -- The unemployment rate in the Philippines decreased to 3.1 percent in December 2023, the lowest since 2005, the Philippine Statistics Authority (PSA) said on Wednesday. "The full-year unemployment rate for 2023 was 4.3 percent compared to 5.4 percent in 2022," PSA head Dennis Mapa said at a press conference. Mapa said about 1.60 million were jobless in December last year. "This w.....»»
Consumers express mixed reactions on slight power rate increase
Consumers of Davao Light and Power Co., Inc. have expressed mixed reactions to a slight increase in the overall power rate starting January 2024. The increase is attributed to higher market prices affecting the generation rate. Noriza Mabanding, a virtual assistant, noted the impact on her energy usage and the need to schedule appliance usage to save energy. Jenalyn Manguiob, a small business owner, expressed dissatisfaction with the increase's effect on her business but acknowledged the global market's influence and the importance of conserving energy. The increase amounts to P0.0774 per kWh, resulting in a minor increase in electricity bills for residential customers......»»
Government raises P30 billion from T-bond sale
The government secured P30 billion from the local debt market through the fresh issuance of long-term securities with the coupon rate set above secondary markets......»»
Government eyes P30 billion from 30th RTB issue
The government is borrowing at least P30 billion from small creditors as the Marcos administration sets its third offering of retail Treasury bonds (RTBs) to expand state coffers and finance various projects......»»
From the Newsrooms: February 4 to 10, 2024
MARCOS' VISIT on February 7 fixed the news spotlight on Davao. Although bad weather had caused quite severe flooding and landslides in the area, the President's schedule which had been set earlier did not include stops in any of the disaster sites, although he did an aerial inspection and attended a briefing on the situation.The media did keep a close watch for signs of heightened or lighter tension between the.....»»
From the Newsrooms: February 4 to 10, 2024
MARCOS' VISIT on February 7 fixed the news spotlight on Davao. Although bad weather had caused quite severe flooding and landslides in the area, the President's schedule which had been set earlier did not include stops in any of the disaster sites, although he did an aerial inspection and attended a briefing on the situation.The media did keep a close watch for signs of heightened or lighter tension between the.....»»
Faster inflation could delay interest rate cuts – BDO
Faster inflation could delay monetary policy rate cuts from the Bangko Sentral ng Pilipinas , according to an official from BDO Trusts and Investments, the investment arm of BDO Unibank Inc......»»
Third retail bond issue eyed in Q1
The government will borrow from small creditors in the first quarter as the Marcos administration sets its third offering of retail Treasury bonds in a bid to boost state coffers and finance various projects......»»
Baste to use rattan stick on abusive cab drivers
Davao City Mayor Sebastian Duterte took to social media to warn taxi drivers against charging airport passengers with fixed rates......»»
PSE hopeful on talks for merger with PDS
The Philippine Stock Exchange Inc. (PSE) is aiming to wrap up negotiations with shareholders of the Philippine Dealing System Holdings Corp. (PDS Group) within the first half of the year, paving the way for the long-awaited integration of the local bourse with the fixed income exchange to finally happen this 2024......»»
ED attaches asset worth Rs 70 lakh in bank fraud implicating Hyderabad-based Jasleen Enterprises
New Delhi [India], March 28 (ANI): The Directorate of Enforcement (ED) has attached an immovable property valued at Rs 70 lakh in a bank fraud case involving Jasleen Enterprises headquartered in Hyderabad. The Hyderabad division of the ED attached the fixed asset in accordance with the stipulations outlined in the Prevention of Money Laundering Act (PMLA) of 2002. ED initiated investigation on the basis of First Informati.....»»
HIRING | Project Team Lead
Duty Station: Davao City, Davao del Sur, Philippines (relocation will not be provided) Application Deadline: 15 March 2024 Type of Contract: Fixed-Term, Full-Time Reporting To: Programme Manager Expected Duration of Engagement: Until December 2026 Expected Start Date: 1 April 2024 Background Mindanao Institute of Journalism (MIJ) is a non-stock, non-profit organisation founded by, and composed […].....»»
HIRING | Project Administrative Officer
The Mindanao Institute of Journalism (MIJ) is hiring a Project Administrative Officer. Duty Station: Davao City, Davao del Sur, Philippines* Application Deadline: 13 March 2024 Type of Contract: Fixed-Term, Full-Time Reporting To: Project Lead Expected Duration of Engagement: Until December 2026 Expected Start Date: 01 April 2024 *relocation will not be provided Background Mindanao Institute […].....»»
Political Dynasty
By: Ferdz M. Brizo / FB Eye I am one of those in favor of amending the Constitution, provided that the first action taken is on the political dynasty provision, which should be engraved in the Constitution to prohibit political dynasties. This is one of the most crucial provisions that should have a fixed policy […] The post Political Dynasty appeared first on Bicol Peryodiko......»»
Davao Region crime rate drops by 13.05%
THE Police Regional Office (PRO-Davao) has reported a significant 13.05 percent decrease in the crime rate across the Davao Region from January to February 2024 compared to the same period last year......»»
Residential electricity rate up by P0.13 for March – April billing
Visayan Electric residential consumers will experience an increase of P0.13 per kWh in their March – April billing. The hike, which is caused by an increase in the transmission charges imposed by the National Grid Corporation of the Philippines (NGCP), brings the total electricity rate from P11.25 per kWh of the previous month to P11.38.....»»
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......»»
Breakthrough treatment improves cancer survival rate
With the introduction of a breakthrough treatment, there is now an improved overall survival rate for those suffering from biliary tract cancer,according to cancer experts......»»
Inflation Rate (IR) in Eastern Visayas drops to 2.4 percent in July 2023
The Inflation Rate (IR) in Eastern Visayas slowed down further to 2.4 percent in July 2023 from 3.3 percent in June 2023......»»