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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.....»»
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.....»»
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.....»»
Baguio intensifies drive vs dengue anew
The city government here has intensified its campaign against dengue anew as the disease is expected to peak during summer until the rainy season......»»
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.....»»
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.....»»
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......»»
No water interruption until May, MWSS reiterates
The water level in Angat Dam has continued to recede, but is enough to ensure an uninterrupted supply in Metro Manila and nearby provinces until May, according to the Metropolitan Waterworks and Sewerage and System......»»
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......»»
El Niño to persist until May, Cebu must brace for dry spell
CEBU CITY, Philippines — The public will have to endure the effects of El Niño until May. The Philippine Atmospheric, Geophysical and Astronomical Services Administration stationed (Pagasa) in Mactan said in their El Niño Southern Oscillation (ENSO) Advisory No. 9, that “mature El Niño is expected to continue and show signs of weakening.” “Majority of.....»»
Mandaue’s TF APAS clears drainages, manholes
MANDAUE CITY, Philippines – Mandaue City’s Task Force APAS (Atoang Problema, Atoang Sulbaron) is actively clearing the drainages and manholes in various barangays in preparation for the rainy season. On Friday, May 17, personnel from the City Engineering Office (CEO) conducted declogging and desilting operations along the drainage line in Barangay Looc. The manholes were.....»»
DPWH contractor rushing Kamuning flyover rehab
The rehabilitation of the Kamuning flyover is being fast-tracked to finish before the start of the rainy season, according to the Department of Public Works and Highways......»»
La Union farmers receive P1.7M worth of agri inputs ahead rainy season
La Union Gov. Raphaelle Veronica “Rafy” Ortega-David recently led the distribution of agricultural inputs worth P1.7 million to 40 farmer-cooperators from Bacnotan, Bangar, Luna, San Juan, Agoo, Bauang, Rosario, and Naguilian at the La Union Honey Bee Center in Bacnotan town......»»
Navotas opens 3 more pumping stations
Taking proactive measures to address flooding during the rainy season, the local government of Navotas has opened three more pumping stations in the city......»»
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......»»
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......»»
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......»»
High rice prices to persist until September – DA
Despite sufficient rice stocks in the first half of the year, elevated rice prices may persist until September due to high international prices caused by the El Niño phenomenon, according to the Department of Agriculture......»»
5 essentials for Cebuano commuters during the summer season
CEBU CITY, Philippines — Summer may be the perfect time to have our vacation, but also the season when we prepare and protect ourselves from the scorching heat of the sun in Cebu. Here are 5 essentials for Cebuano commuters to prepare for the day. 1. Sunscreen Let’s slay the day and prepare ourselves to.....»»
Stewart Cink, 50, part of five-way tie for Valspar lead
(Photo credit: Kyle Terada-USA TODAY Sports) Fifty-year-old Stewart Cink shot a 4-under 67 to join a five-way tie for the lead at the Valspar Championship before play was suspended Friday in Palm Harbor, Fla. As the field endured rainy conditions at Innisbrook Resort's Copperhead Course, 20 golfers did not complete their rounds before darkness fell. They will resume their second rounds Saturday at 9 a.m. The five co-lea.....»»