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Philippines FDI net inflows grow by 27.8 pct in November

MANILA, Feb. 12 (Xinhua) -- Foreign direct investment (FDI) that flowed into the Philippines grew year-on-year by 27.8 percent in November 2023 to reach 1 billion U.S. dollars, the country's central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the November figure brought the country's FDI net inflows from January to November 2023 to 7.6 billion dollars, 13.3 percent lower than the 11 months in 20.....»»

Category: newsSource:  manilanewsRelated NewsFeb 12th, 2024

Philippines FDI net inflows grow by 27.8 pct in November

MANILA, Feb. 12 (Xinhua) -- Foreign direct investment (FDI) that flowed into the Philippines grew year-on-year by 27.8 percent in November 2023 to reach 1 billion U.S. dollars, the country's central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the November figure brought the country's FDI net inflows from January to November 2023 to 7.6 billion dollars, 13.3 percent lower than the 11 months in 20.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 12th, 2024

Philippines total external trade drops by 5.4 pct in November

MANILA, Jan. 10 (Xinhua) -- The Philippines' total external trade in goods declined by 5.4 percent in November 2023 to 16.95 billion U.S. dollars from 17.92 billion dollars in November 2022, the Philippine Statistics Authority (PSA) said Wednesday. Of the total external trade in November 2023, 63.8 percent were imported goods, while the remaining were exported goods, the PSA said. The PSA said the balance.....»»

Category: newsSource:  manilanewsRelated NewsJan 12th, 2024

Philippine remittances rise by 2.9 pct in November

MANILA, Jan. 15 (Xinhua) -- Personal remittances from overseas Filipinos reached 3 billion U.S. dollars in November 2023, 2.9 percent higher than the 2.9 billion dollars recorded in November 2022, the Philippine central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the cumulative personal remittances grew by 2.9 percent to 33.6 billion dollars in the first 11 months of 2023 from 32.6 billion dolla.....»»

Category: newsSource:  manilanewsRelated NewsJan 15th, 2024

Philippine remittances rise by 2.9 pct in November

MANILA, Jan. 15 (Xinhua) -- Personal remittances from overseas Filipinos reached 3 billion U.S. dollars in November 2023, 2.9 percent higher than the 2.9 billion dollars recorded in November 2022, the Philippine central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the cumulative personal remittances grew by 2.9 percent to 33.6 billion dollars in the first 11 months of 2023 from 32.6 billion dolla.....»»

Category: newsSource:  philippinetimesRelated NewsJan 15th, 2024

NEWSBRIEFS | 1 February 2024

Panguil Bay Bridge completed by June 2024 CAGAYAN DE ORO CITY (MindaNews / 1 February)—The final span of the Panguil Bay Bridge would be connected by June this year, completing the project that started in November 2018, according to the Northern Mindanao director of the National Economic Development Authority, Mylah Faye Aurora Cariño. The P7.135-billion […].....»»

Category: newsSource:  mindanewsRelated NewsFeb 4th, 2024

Earthquake of magnitude 6.0 strikes Mindanao in Philippines

Mindanao [Philippines], March 8 (ANI): An earthquake of magnitude 6.0 on the Richter scale struck Mindanao in Philippines on Friday, the National Centre for Seismology said. The depth of the earthquake was measured at 140 km. According to the NCS, the tremors were felt at about 14:41:47 IST. "Earthquake of Magnitude:6.0, Occurred on 08-03-2024, 14:41:47 IST, Lat: 5.81Long: 126.90, Depth: 140 Km, Location: Mindanao, Philip.....»»

Category: newsSource:  philippinetimesRelated NewsMar 10th, 2024

Earthquake of magnitude 6.0 strikes Mindanao in Philippines

Mindanao [Philippines], March 8 (ANI): An earthquake of magnitude 6.0 on the Richter scale struck Mindanao in Philippines on Friday, the National Centre for Seismology said. The depth of the earthquake was measured at 140 km. According to the NCS, the tremors were felt at about 14:41:47 IST. "Earthquake of Magnitude:6.0, Occurred on 08-03-2024, 14:41:47 IST, Lat: 5.81Long: 126.90, Depth: 140 Km, Location: Mindanao, Philip.....»»

Category: newsSource:  manilanewsRelated NewsMar 9th, 2024

Infrastructure spending hits lowest level in November

Government spending for infrastructure dropped to a year-low in November last year even after state agencies were ordered to catch up on their expenses to boost economic growth......»»

Category: financeSource:  philstarRelated NewsFeb 3rd, 2024

Remittances ease to $3 billion in November

Remittances sent home by Filipinos abroad eased to $3 billion in November 2023, reaching their lowest level in six months despite the holiday season......»»

Category: financeSource:  philstarRelated NewsJan 16th, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 13th, 2024

Trade gap widens to $4.69 billion in November

The country’s trade deficit in November widened to a seven-month high as imports left negative territory, while exports continued to decline......»»

Category: financeSource:  philstarRelated NewsJan 10th, 2024

Banks’ NPL ratio eases to 3.41 percent in November

The share of soured loans to the banking sector’s total loan book slipped to 3.41 percent in November 2023 after rising to a five-month high of 3.44 percent a month earlier, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsJan 10th, 2024

Mindanao Tourism Expo 2024 set on Apr 26-28 in CDO

THE Mindanao Tourism Expo (MTEx) 2024 is all set for the second biggest travel expo in Mindanao, highlighting the entire eco-tourism spots, products, and activities in the island on April 26 to 28 at Atrium of Limketkai Center, Cagayan de Oro City......»»

Category: newsSource:  sunstarRelated NewsApr 4th, 2024

SPMC-Mindanao Heart Institute needs building expansion, exec says

AN OFFICIAL from the Southern Philippines Medical Center (SPMC)-Mindanao Heart Institute said there is a need to expand the institute's buildings to cater to all patients from all over Mindanao......»»

Category: newsSource:  sunstarRelated NewsFeb 27th, 2024

53 Mindanaoan lawmakers reject Duterte’s calls for Mindanao secession 

Fifty-three House lawmakers from Mindanao signed a manifesto on Wednesday that expressed opposition to former President Rodrigo Duterte’s proposal to secede Mindanao, saying that the challenges that have beset the region can be solved through a “united and sovereign Philippines.".....»»

Category: newsSource:  philstarRelated NewsFeb 21st, 2024

‘Toxic relationship’ is why Mindanao should secede from sinking PH – former lawmaker

MANILA, Philippines — A  “toxic relationship” between Mindanao and the Philippines was the reason why the former should break up with the latter. Davao del Norte 1st District Rep. Pantaleon Alvarez, a former House speaker, said this on why Mindanao should break up with the Philippines. The country was now a “sinking ship” due to.....»»

Category: newsSource:  inquirerRelated NewsFeb 9th, 2024

Mindanao bishops Odchimar and Pacana die on same day, 2 hours apart

DAVAO CITY (MindaNews / 1 February)—Two Mindanao bishops passed on on Thursday, February 1—Tandag Bishop Emeritus Nereo Odchimar at 10:27 a.m. and Malaybalay Bishop Emeritus Honesto Pacana at 12:33 p.m. Last month, two Mindanao bishops also passed away, the 57-year old Pagadian Bishop Ronald Lunas on January 2 and the 89-year old Davao Archbishop Emeritus […].....»»

Category: newsSource:  mindanewsRelated NewsFeb 4th, 2024

Duterte wants “Independent Mindanao”, but Mindanao solons oppose

While opposing the people’s initiative for charter change which he believes is orchestrated by the Marcos administration, former President Rodrigo Duterte says he is pushing the idea to secede Mindanao. .....»»

Category: newsSource:  davaotodayRelated NewsFeb 1st, 2024

FACT CHECK | Mindanao comprises 28 provinces, not 27 as ‘Kulas’ writes

The Facebook post of famous Canadian vlogger BecomingFilipino that Mindanao has 27 provinces is wrong. Mindanao comprises 28 provinces as of September 2023, after Maguindanao province was divided into Maguindanao del Sur and Maguindanao del Norte with the ratification of Republic Act 11550 (An Act Dividing the Province of Maguindanao Into Two Provinces, namely: Maguindanao […].....»»

Category: newsSource:  mindanewsRelated NewsJan 23rd, 2024