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BPI profit hits record high P51.7 billion in 2023
“The bank’s solid financial performance is a reflection of its strengthened customer franchise and deeper customer engagement which led to record volumes and market share gains in several businesses,”.....»»
Trade deficit narrows in January
The Philippines posted a smaller trade deficit of $4.22 billion in January as exports picked up, preliminary data from the Philippine Statistics Authority showed......»»
Traders, middlemen blamed for soaring commodity prices
The soaring prices of basic commodities in the market despite the wide gap in farmgate and retail prices are brought by as much as 200 percent profit of middlemen and traders, according to administration lawmakers......»»
Philippines internet divide expanding
According to an April 4 World Bank blog report titled “Upgrading Philippine Internet for Faster and Inclusive Growth,” jointly written by Naoto Kanehira, Mitch Abdon and Mary Grace Mirandilla-Santos, the access gap in broadband internet between the rich and the poor in the Philippines has been rapidly expanding, making digital opportunities out of reach for many......»»
House to probe farmgate, retail prices gap
he House of Representatives will conduct an inquiry into the spiraling cost of basic commodities amid low farmgate prices when session resumes on April 29......»»
Philippine daily wage insufficient to meet family living expenses
MANILA, Philippines — The nationwide daily wage disparity averaged P762 as of March 2024, with the daily minimum wage averaging only P440, the think tank Ibon Foundation said on Wednesday. Data from the Ibon Foundation showed that the wage gap was computed based on the average daily minimum wage and the average family living wage.....»»
Lady Tamaraws, Lady Falcons collide in pivotal match
Far Eastern University tries to widen its gap from multiple chasers for the coveted fourth spot, while Adamson wants to stay in the thick of the race when they figure in a crucial duel in the UAAP women’s volleyball tournament......»»
Bridging the Gap: Navigating Europe’s Growing Rural-Urban Divide
In an era defined by relentless challenges, the European Union (EU) stands at a critical juncture. Described as a ‘permacrisis,’ this period is marked by.....»»
Government budget back to deficit in February
The government reverted back to a budget deficit in February after a quick surplus at the start of the year, but a narrower gap can still be expected as the tax season draws near......»»
What makes Ricci Rivero and Leren Bautista compatible
Ricci Rivero and Leren Bautista crossed paths in the feeding program held last year in Los Baños, Laguna in celebration of Ricci’s birthday. Leren, a councilor in Los Baños, was invited to participate in the event. That meeting led to something beautiful and romantic. The five-year gap between the two is like a magnet for other people to make snippy comments. The couple is handling it well. The beauty queen-turned-politician answers back by using her wit, while Ricci doesn’t care much about the criticism......»»
Maharlika fund eyes JV for rural telco towers
The Maharlika Investment Corp.is in the process of tapping foreign partners for a joint venture in building telecommunication towers in rural areas in a bid to address the digital gap......»»
Heart mamahaling mga damit ang regalo kay Chiz, ang kapalit…sardinas
NAPAKARAMI na ring pinagdaanang pagsubok at problema nina Heart Evangelista at Sen. Chiz Escudero bilang mag-asawa. Aminado ang Kapuso actress, tulad ng mga ordinaryong married couples, nagkakaroon din sila ng hindi pagkakaunawaan at issues sa kanilang relasyon. Naniniwala si Heart na naging big factor sa pagsasama nila as husband and wife kanilang age gap –.....»»
PWDs, elderly want more employment opportunities
Some establishments are hiring persons with disabilities and the elderly. But the Philippines still has a long way to go to close the gap......»»
Education s old problems, new stop-gap measures: Why media need to look at the bigger picture
THE CRISIS in education may not be the only serious challenge facing the new year. But it has certainly captured media coverage and more public attention engaging stakeholders, not just students, teachers and parents but also business and industry leaders.Unfortunately, the government has responded not with a comprehensive plan or strategy to address the failure of Filipino students to learn basic skills and ins.....»»
The Future of Work: AI’s Double-Edged Sword for Global Economies
Artificial Intelligence (AI) holds promise in revolutionizing global productivity and economic growth. However, the flip side includes potential job displacement and a widening wealth gap. Without proper policies, nations may struggle to adapt to this emerging technology. The International Monetary Fund (IMF) indicates that nearly 40% of global jobs could be influenced by AI. In […].....»»
Approved foreign investments into Philippines fall 63.6 pct in Q1
MANILA, May 16 (Xinhua) -- The approved foreign investments into the Philippines in the first quarter of 2024 reached 148.43 billion pesos (roughly 2.59 billion U.S. dollars), marking a 63.6 percent decrease year over year, the Philippine Statistics Authority (PSA) said on Thursday. The statistics agency said Singapore posted the highest investment commitment, amounting to 70.06 billion pesos (1.22 billion dolla.....»»
MacroAsia FY23 profit: P1.1-B (up 132%)
MacroAsia posted an FY23 net income of P1.07 billion, up 132% from its FY22 net income of P0.46 billion, lifted by a 74% increase in in-flight catering revenues to P3.98 billion and a 53% increase in ground handling and aviation services to P3.14 billion......»»
MacroAsia FY23 profit: P1.1-B (up 132%)
MacroAsia posted an FY23 net income of P1.07 billion, up 132% from its FY22 net income of P0.46 billion, lifted by a 74% increase in in-flight catering revenues to P3.98 billion and a 53% increase in ground handling and aviation services to P3.14 billion......»»
Filinvest cleared to sell P10 billion fixed bonds
Gotianun-led Filinvest Development Corp. received yesterday its permit to sell up to P10 billion in fixed bonds consisting of a base offer of P7 billion and an oversubscription option of P3 billion......»»
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.....»»