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US State Secretary Blinken begins Middle East tour, marks his first stop in Saudi Arabia
Jeddah [Saudi Arabia], March 21 (ANI): US State Secretary Antony Blinken who began his Middle East tour arrived in Saudi Arabia on Wednesday, marking his first stop on this trip to discuss efforts to reach an "immediate ceasefire agreement" between Israel and Hamas, The New York Times reported. Blinken's visit to Jeddah came as US President Joe Biden's administration was hoping it could convince Saudi Arabia to establish.....»»
NAIA 4th worst in Asia, Middle East for business travel
The Ninoy Aquino International Airport has been named as the fourth worst gateway in Asia and the Middle East by business class travelers, trailing its Southeast Asian counterparts that were adjudged as some of the best in the continent......»»
Uncertainty looms over Davao-Samal Bridge project amid RoW hurdles
The construction of the Samal Island-Davao City Connector (SIDC), also known as the Davao-Samal Bridge project, has faced numerous setbacks due to right-of-way (ROW) acquisition challenges. The project was halted on January 3, 2024, due to issues with landowners near a pier in Lanang at Davao City, leading to delays in the project's implementation. While there have been conflicting statements regarding the project's status, the National Economic and Development Authority-Davao Region (Neda-Davao) aims to complete the detailed engineering plans for the substructure of the west land via dock once the Deed of Transfer Possession in Davao City is released. However, ROW issues continue to persist. Despite these challenges, the project is still considered a priority and is included in the Davao Region Development Plan (DRDP) for 2023–2028. The project is funded through China’s Official Development Assistance with an estimated budget of P23.04 billion, and negotiations with the Philippine government are ongoing with a target completion date in 2027. The uncertainty surrounding the project's timeline remains as ROW hurdles persist, impacting the much-anticipated toll-free four-lane concrete exodus bridge spanning a 3.98-kilometer distance......»»
Historically low valuation
The Philippine stock market bloodbath over the past two years saw the PSEi plummet from 7,122.6 on the last trading day of 2021 to 6,566.4 on the last trading day of 2022 for a 7.8 percent annual retreat and slide even further in 2023 to close at 6,450.0 on the last trading day of the year. In terms of valuation, the PSEi’s 2023 year-end 12.9x price-to-earnings (P/E) ratio does not fare well when compared against its past performance in prior years......»»
First Metro thinks PSEi could hit 7,500 this year
First Metro Investment Corp head of research, Cristina Ulang, said that the PSEi could rise to as high as 7,500 this year......»»
Cebuana Joanneesse Perez likely to play a different position with UP
CEBU CITY, Philippines—Cebuana Joanneesse Gabrielle Perez may not be playing as a middle blocker with the University of the Philippines (UP) women’s volleyball team in the UAAP. The 18-year-old Cebuana volleyball standout shared this during her guesting at CDN Sportstalk (watch full video interview below article). Perez was awarded “Best Middle Blocker” in the Cebu.....»»
WATCH: Palawan s hidden gem Pamuayan Falls
Pamuayan Falls, also called Pawpawyan Falls, is a beautiful little waterfall located 5.6 kilometers northeast from the coastal town of Port Barton in San Vicente, Palawan......»»
Landbank continues to waive transfer fees below P1,000
In an advisory, Landbank said it will continue to waive fees for fund transfers to other banks sent through InstaPay and PESONet as long as it is below P1,000......»»
PH Remains One of the Fastest Growing Economies in East Asia and Pacific, World Bank Says
The World Bank retains its positive outlook on the Philippine economy despite foreseen challenges. According to their April 2024 East Asia and Pacific Economic Update, the World Bank projects a 5.8 percent economic growth for the Philippines this year — the East Asia and Pacific region’s second fastest-growing economy. Moreover, the said update also adjusted […].....»»
PSEi falls, mirrors US equities
Local stocks plunged to close the week in the red as they mirror negative sentiment in US equities......»»
Not in aid for election
The well-intentioned ayuda of the government that targets to tide over inflation-impacted middle income families will remain under a cloud of uncertainty without an enabling law. In particular, this will be the fate of the P26.7-billion Ayuda para sa Kapos ang Kita Program that has become the bone of contention of lawmakers feuding over alleged use of the newest ayuda program of the government to push Charter change......»»
Philippines upper middle-income status seen to boost insurance penetration
Higher insurance penetration hinges on the country’s ability to reach upper middle-income status as Filipinos’ disposable income remains limited amid the high cost of basic goods and services......»»
Philippines to achieve upper middle-income status by 2031
The Philippines is projected to be an upper middle-income economy by 2031, past the government’s target of reaching the status by 2025, amid a broader growth slowdown in the Association of Southeast Asian Nations (ASEAN) economy, ANZ Research said......»»
PSEi forecast to touch 7,000
The Philippine Stock Exchange index is set for recovery as it is expected to hit 7,000 to 7,500 by the fourth quarter of this year, according to First Metro Investment Corp......»»
Market tumbles below 6,800 amid profit taking
The stock market fell below the 6,800 level yesterday as investors continued to engage in profit taking following its recent rally......»»
East Asia and Pacific to see moderate growth
The East Asia and the Pacific region is expected to have moderate growth this year amid headwinds from tight financial conditions and geopolitical rifts, according to a new report from the World Economic Forum......»»
‘Philippines elevating to upper-middle income status next year’
The Philippines remains on track to become an upper-middle income economy in 2025, even as the government trimmed its economic growth target for this year, according to the National Economic and Development Authority......»»
Lonelyville, USA: Three factors that make middle-aged adults in America more likely to be lonely
Middle-aged Americans are facing a loneliness epidemic compared to their European counterparts, a new report suggests. The study, published in the journal American Psychologist, analyzed.....»»
“Ing Kamumulan, Libutad at Ing Kawakasan” (The Beginning, The Middle and The End)
“Ing Kamumulan, Libutad at Ing Kawakasan” (The Beginning, The Middle and The End).....»»
Cebuana volleybelle Joanneesse Perez joins UP Maroons
CEBU CITY, Philippines — Stellar Cebuana middle blocker Joanneesse Perez confidently chose the University of the Philippines (UP) Women’s Volleyball Team Fighting Maroons for her college volleyball journey without any hesitation. The 18-year-old Perez, who is the Cebu Schools Athletic Foundation Inc. (Cesafi) “Best Middle Blocker” in the girls’ volleyball tournament, recently committed to the Fighting.....»»