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Driving in the Rain
A motorist braves the light rains, cruising Sta. Ana Avenue in Davao City on Tuesday, 16 January 2024. According to the Philippine Atmospheric, Geophysical and Astronomical Services Administration, the bad weather over Davao Region is due to shear line and the northeast monsoon. Classes in all levels in the city were cancelled Tuesday due to the bad weather. MindaNews photo.....»»
Government urged to keep spending, avoid high surplus
The government should not keep a high surplus and instead continue to ramp up spending in order to meet the growing needs of the economy, an economist said......»»
Suspension of PhilHealth contributions sought for minimum wage earners
An economist-lawmaker from the House of Representatives has proposed to suspend the Philippine Health Insurance Corp. premium contributions of all minimum wage earners to increase their take-home pay......»»
Larry Summers warns that the war vs inflation might not be over
Larry Summers, the former US Treasury Secretary (under President Bill Clinton) and former Chief Economist of the World Bank, said that the US Federal Reserve may still need to raise rates before it can declare victory in the war against inflation......»»
Democracy index: Philippines ranking goes down again
Still classified as a “flawed democracy,” the Philippines has scored and ranked lower in the 2023 Democracy Index released by London-based think tank The Economist Intelligence Unit on Thursday......»»
US markets tank on hotter-than-expected inflation report
The US Consumer Price Index data for January [link] showed that prices increased 0.3% q/q and 3.1% y/y, which was higher than economist estimates (0.2% q/q and 2.9% y/y)......»»
Economy likely grew by 6.2 percent in Q4
The Philippine economy likely posted a faster growth rate in the fourth quarter of 2023 than in the third quarter, supported by gains in the labor market, according to an economist......»»
Philippines lodges strong protest with China over water cannon attack in disputed South China Sea
Manila [Philippines], March 25 (ANI): In the wake of accusation by the Philippines that the Chinese Coast Guard wounded three of its soldiers during a water cannon attack in the disputed South China Sea, Manila on Monday summoned Beijing's envoy to lodge its strong protest, Al Jazeera reported. The Philippines Department of Foreign Affairs, in a statement said that Manila conveyed its "strong protest against the aggressiv.....»»
Philippines lodges strong protest with China over water cannon attack in disputed South China Sea
Manila [Philippines], March 25 (ANI): In the wake of accusation by the Philippines that the Chinese Coast Guard wounded three of its soldiers during a water cannon attack in the disputed South China Sea, Manila on Monday summoned Beijing's envoy to lodge its strong protest, Al Jazeera reported. The Philippines Department of Foreign Affairs, in a statement said that Manila conveyed its "strong protest against the aggressiv.....»»
In praise of galletas
I have been OD-ing on galletas the past couple of weeks, since my family went to Bacolod for the Holy Week and brought me boxes of the thin crackers – Virgie’s, although Sugarlandia makes them too......»»
Trade gap expected to widen further
The Philippines’ trade deficit is expected to widen further this year amid weaker exports and stronger imports, according to Dutch financial giant ING......»»
Fuel price rollback expected this week
MANILA, Philippines — Good news awaits motorists following successive price increases in gasoline as oil companies are tipped to slash local fuel prices by less than a peso this coming week, according to industry sources. In an advisory over the weekend, Unioil said the price of diesel should go down by 30 centavos to 40.....»»
Mikey Williams snubbed Strong Group, says team manager
Strong Group Athletics (SGA) team manager Jacob Lao did not mince words against Mikey Williams, slamming the scoring guard for not supposedly showing up for the team......»»
Analysts paint rosier economic picture for 2024
The country’s strong economic growth is likely to be sustained this year on the back of rising exports and robust private consumption, according to the Department of Trade and Industry as well as private banks......»»
Aboitiz InfraCapital’s West Cebu Estate Earns Recognition as ‘Best Industrial Development in Asia’ at Asia Property Awards
In its inaugural appearance at PropertyGuru’s Asia Property Awards, Aboitiz InfraCapital (AIC) Economic Estates’ West Cebu Estate clinched the prestigious title of “Best Industrial Development in Asia.” This recognition shines a spotlight on Balamban, Cebu, establishing it as a vibrant global investment hub. The achievement is attributed to the strong economic and social development fostered […].....»»
Xinhua world economic news summary at 0900 GMT, March 11
TOKYO -- Tokyo stocks closed significantly lower on Monday amid a strong yen and concerns for an overheated market following the overnight losses of tech-related shares in the Wall Street market. Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 868.45 points, or 2.19 percent, from Friday to close the day at 38,820.49, the lowest level since Feb. 21. (Japan-Tokyo Stocks).....»»
Xinhua world economic news summary at 0900 GMT, March 11
TOKYO -- Tokyo stocks closed significantly lower on Monday amid a strong yen and concerns for an overheated market following the overnight losses of tech-related shares in the Wall Street market. Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 868.45 points, or 2.19 percent, from Friday to close the day at 38,820.49, the lowest level since Feb. 21. (Japan-Tokyo Stocks).....»»
Darren hindi kinasusuklaman ng pamilya Legaspi; BFF pa rin si Cassy
FAKE news ang kumakalat na balita na galit na galit ang pamilya ni Cassy Legaspi sa Kapamilya actor-singer na si Darren Espanto. Tinuldukan na ng binata ang mga chika na hindi na siya welcome sa bahay nina Cassy at Mavy dahil bad trip sa kanya ang mga magulang nito na sina Carmina Villarroel at Zoren.....»»
Good, bad news as Alex Eala crashes out of W75 Porto quarters
Alex Eala falls short of her bid to get back at former world No. 50 Anna Bondar, the Hungarian who dealt the Filipina teen the worst loss of her pro career.....»»
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.....»»