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Loan growth climbs to 9-month high in February
Loan growth further accelerated for the third straight month in February, growing by 8.6 percent from 7.8 percent in January, according to the Bangko Sentral ng Pilipinas......»»
BSP keeps rates unchanged; inflation still global problem
The Bangko Sentral ng Pilipinas elected to keep interest rates steady after the PSA inflation data for March showed that inflation quickened here to 3.7% (increased for the third straight month)......»»
Blow-By-Blow Okada: Bacosa posts 3rd straight KO victory
Tall and rangy lightweight Eman Bacosa posted a third-round stoppage over Jan Clyde Langahin during a special presentation of Manny Pacquiao Presents: Blow-By-Blow Sunday at the Okada Manila......»»
Bolick show continues
It wasn’t as explosive as his 46-point outburst last time, but just the same, Robert Bolick put his stamp on NLEX’ drive to a third straight victory......»»
Creamline eyes PVL All-Filipino 3-peat
The Creamline Cool Smashers seek a third straight All-Filipino Conference title when the 2024 Premier Volleyball League season unfurls Tuesday at the PhilSports Complex in Pasig City......»»
Creamline eyes All-Filipino three-peat
The Creamline Cool Smashers seek a third straight All-Filipino Conference title when the 2024 Premier Volleyball League season unfurls Tuesday at the PhilSports Complex in Pasig City......»»
Meralco nails 2nd straight 3x3 crown
Meralco rained seven two-balls on TNT to run away with the Leg 4 crown in the PBA 3x3 Season 3 Third Conference via a 21-13 clincher yesterday at Ayala Malls Circuit......»»
Marcos declares Feb. 9 a special non-working day for Chinese New Year
MANILA, Philippines — President Ferdinand Marcos Jr. has declared February 9, a Friday, as a special non-working day in the country for the celebration of Chinese New Year. The Palace issued Proclamation No. 453, making the declaration. “The declaration of 09 February 2024, Friday, as an additional special non-working day throughout the country will give.....»»
PUVMP removes Philippines from Third World status – transport group
Compliance with the public utility vehicle modernization program is necessary for the Philippines to not be considered a Third World country, a transport group claimed......»»
Delivery drivers urge Mayor Baste for business permit exemption
Title: Delivery Drivers Seek Exemption from Business Permit Requirement A group of delivery drivers in Davao is urging Mayor Sebastian Duterte to exempt them from the mandatory business permits. The drivers, including those from various delivery apps such as Grab and FoodPanda, are concerned about the financial burden imposed by the business permits, which range from P2,000 to P6,000. They argue that this requirement is unique to Davao City among all cities and provinces in the Philippines. Grab rider Rolando Atico emphasized the need for solidarity among all delivery drivers, regardless of the app they work for. He urged fellow drivers to support each other, as the financial impact may extend beyond just Grab and FoodPanda. Atico also requested Mayor Duterte to reconsider the requirement and reinstate the previous occupational permit, which only cost P125. The group is facing a 30-day deadline to obtain the business permits, and they are citing financial constraints as a reason for their request for an extension. Failure to comply could result in their removal from the delivery platforms, jeopardizing their livelihoods. Additionally, they are advocating for changes to Davao City's Revenue Code, proposing a model similar to Cebu City, where only an occupational permit is required. The drivers are also calling for an inquiry into the lack of transparency and unilateral actions of food delivery companies, particularly concerning rider capitalization and financial concerns. They believe that a thorough investigation will help ensure fairness and equity in their financial obligations and working relationship with the delivery companies. Maribel Paguican, the Business Bureau officer-in-charge, stated that non-certified delivery riders categorized as service contractors must obtain a business permit. She mentioned two permits for occupational and business activities, with a discounted structure for delivery riders. However, concerns have been raised about increased taxes, potentially ranging from P3,000 to P6,000, along with an additional tax on top of the declared income of P1,400. The delivery drivers' plea for exemption from the business permit requirement reflects their concerns about the financial impact and the potential threat to their livelihoods. Their call for solidarity and support from fellow drivers highlights the urgency of the situation. This story sheds light on the challenges faced by delivery drivers in Davao and the implications of the business permit requirement on their financial well-being. It also underscores their efforts to seek fairness and equity in their working relationship with the authorities and delivery companies......»»
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......»»
Lotto 6/42 P15M leap day draw jackpot won by lone bettor
MANILA, Philippines — A lone bettor became the 7th winner of the Lotto 6/42 in February with the additional day of the leap year proving to be an auspicious one for the one who bagged the P15 million jackpot on that day’s draw. The lone bettor managed to guess correctly the winning combination 05-21-03-33-30-41 on.....»»
Vanishing Ice, Vanishing Giants: The Urgent Tale of Polar Bears on International Polar Bear Day
by: Assaf Levy, BioDB International Polar Bear Day, celebrated on February 27th, highlights the plight of polar bears amidst the melting Arctic ice and climate change. It's a day that calls for global awareness and action towards preserving these majestic creatures and their h.....»»
Valentine’s Day, Ash Wednesday ‘peaceful’ in Cebu City – police
CEBU CITY, Philippines – This year’s celebration of Valentine’s Day and Ash Wednesday, which fell on the same day, has been generally “peaceful” with no major crime incidents reported in Cebu City. This was according to Police Lieutenant Colonel Janette Rafter, Deputy Director for Operations of the Cebu City Police Office (CCPO). The two different.....»»
‘Si Lord muna’: Couples dedicate Heart s Day to church amid 2024’s ‘Barbenheimer’
This year's Valentine's Day, dubbed by some as 2024's "Barbenheimer," falls on Ash Wednesday, a significant day for Catholics that marks the start of the Lenten season, prompting many to abstain from everyday indulgences......»»
Over one-third of children s food in Philippines are sugary: study
MANILA, May 23 (Xinhua) -- The number of overweight children in the Philippines has tripled since 2003 due to sugary children's foods, according to a study by UNICEF and the Consortium for Improving Complementary Foods in Southeast Asia released on Thursday. The study finds that over one-third of commercially produced packaged foods for children aged six months to three years in the Philippines contain added sug.....»»
Diesel, kerosene prices up in third week of May
This has been the third-consecutive week that gasoline prices will have a rollback......»»
Wasted water: One-third of the water produced by MCWD is wasted
CEBU CITY, Philippines – More than one-third of the water production in Cebu has been relegated to wasted water. Cebu City Mayor Michael Rama said that the Local Water Utilities Administration (LWUA) found that the non-revenue water (NRW) of the Metropolitan Cebu Water District (MCWD) had already reached 36 percent. NRW is the amount of.....»»
Bianca in giant third-round slide
Bianca Pagdanganan stumbled big-time in the third round of the JM Eagle LA Championship with a six-over 77 to crash out of the Top 14 and into the near bottom Saturday in California......»»
Swiatek-Raducanu next
World No. 1 and defending champion Iga Swiatek reached the quarterfinals of the WTA Stuttgart clay-court tournament by beating Elise Mertens on Thursday, her ninth win in nine matches at the French Open warm-up event. Swiatek beat the unseeded Belgian 6-3, 6-4 to maintain her bid to capture a third successive title and a third luxury car from the sponsors after also winning the tournament in 2022. She faces former US Open champion Emma Raducanu for a place in the semifinals. .....»»