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LGU loans more than tripled in H2
The proposed domestic borrowings of local government units (LGUs) more than tripled to P48.9 billion in the second half of 2023 from P15.8 billion in the same period in 2022, the Bangko Sentral ng Pilipinas (BSP) reported......»»
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.....»»
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.....»»
Philippine exports surpass 100 bln USD in 2023
MANILA, April 1 (Xinhua) -- Philippine exports exceeded 100 billion U.S. dollars for the first time in 2023, with a total of 103.6 billion dollars, a 4.8 percent increase from 2022, the Philippines' Department of Trade and Industry (DTI) said Monday. Citing data from the Bangko Sentral ng Pilipinas (BSP), the country's central bank, DTI Secretary Alfredo Pascual said that the strong performance of the informatio.....»»
Over $1 billion investment to Philippines from US, says Raimondo
MANILA, The Philippines: During an official visit to Manila, U.S. Commerce Secretary Gina Raimondo has said that U.S. companies have announced investments totaling more than US$1 billion in the Philippines.In a first of its kind for the Philippines, Raimondo headed a two-day trade and investment mission that included executives from 22 companies, such as United Airlines, Alphabet's Google, Visa, KKR Asia Pacific.....»»
Dismissed BFAR chief, others to face graft raps
The Office of the Ombudsman has ordered graft charges filed against former Department of Agriculture (DA) officials over the alleged irregularities in the awarding of a P2.097-billion contract to British company SRT Marine Systems Solutions Ltd. – United Kingdom (SRT-UK) in 2018......»»
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 […].....»»
MMFF 2023 is now highest-grossing edition of all time
The 49th Metro Manila Film Festival is officially the highest-grossing edition of all time, having surpassed the box-office earnings of the 2018 edition at P1.069 billion as of Jan. 7......»»
Harsh solar realities
I attended my first solar power trade show last Monday and like the glare from the sun, the trade show was a harsh reality for an idealist like me......»»
DSWD chief, Sen. Villanueva inaugurate agency Mobile Command Centers
Department of Social Welfare and Development (DSWD) Secretary Rex Gatchalian and Senator Joel Villanueva lead the ceremonial inauguration and blessing of the new Mobile Command Centers (MCCs) on Tuesday (May 28) at the DSWD Central Office grounds in Quezon City. The commissioning of the 16 MCCs aim to bridge the communication gap during disaster or […].....»»
EDITORIAL - Murky background
The murky background of Bamban Mayor Alice Leal Guo clearly illustrates a gap in the civil registry system that can be exploited for illegal activities......»»
Philippines healthcare worker gap rises to 190,000
MANILA, May 22 (Xinhua) -- The number of healthcare workers shortage in the Philippines has risen to 190,000 even as the Southeast Asian country continues to export health workers, Philippine Health Secretary Teodoro Herbosa said on Wednesday. Herbosa said the healthcare workers include doctors, nurses, midwives, dentists, physical therapists, medical technologists, laboratory technicians, and radiologic technol.....»»
Beermen seek to widen gap
San Miguel Beer is poised to put Rain or Shine in a choke hold before its youthful but tenacious opponents find an opening to strike back......»»
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.....»»