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DMW-Davao hails citizens vigilance for foiled illegal recruitment in Davao City
ACTING on a Dabawenyo’s information of an alleged illegal recruitment activity on its official Facebook page, the Department of Migrant Workers-Davao Region (DMW-Davao) endorsed the report to the National Bureau of Investigation-Southeastern Mindanao Regional Office (NBI-Semro) leading to a criminal investigation of three reported illegal recruiters last March 2, 2024 in Toril, Davao City by the City Prosecution Office......»»
Hontiveros hails DOJ order to take legal action vs Quiboloy
MANILA, Philippines – The Department of Justice’s decision to pursue charges of sexual abuse and qualified trafficking against Apollo Quiboloy is a victory for all women who have endured pain and harm at the religious leader’s hands, Sen. Risa Hontiveros said on Monday. Hontiveros, in a statement, specifically called this “positive” development “a gift to.....»»
CHR hails conviction of three cops who abused traffic violator
The recent decision of a Koronodal City court to convict three police officers for violating the Anti-Torture Act of 2009 is a “significant milestone” and the fourth conviction scored by the CHR overall under the law, the human rights body said......»»
Interview: ISU chief hails next generation stars rising at Gangwon 2024
GANGNEUNG, South Korea, Jan. 28 (Xinhua) -- The next generation stars in ice skating are rising at the 2024 Gangwon Winter Youth Olympic Games, chief of the global skating governing body has said. "Next-generation stars can compete [at a] global level. Just like many other sports, this is an event where we get to see the rising stars, the next generation stars," Kim Jae-youl, president of the International Skati.....»»
Government urged to lift ecozone ban in Metro Manila
The government may consider lifting the moratorium on the establishment of economic zones based in Metro Manila in order to spur more economic activity and growth for the entire country, a local official said......»»
Lou Ornopia plans more races following success of Ornopia Motocross Cup’s silver anniv
CEBU CITY, Philippines — Renowned motocross organizer, Lou Ornopia promises the local motocross community more races following success of the the 25th Ornopia Motocross Cup over the weekend. The race was held at the MS Motosuit Motorsport Park in Barangay Calambua, San Remigio in northern Cebu. Ornopia, in an interview, said that he is planning.....»»
Orange Brutus unveils new summer favorites
The summer season is at an all-time high, and Orange Brutus‘ new releases promises to make things sizzle even more. For more than four decades, Orange Brutus has satisfied the Cebuano palate with their novel take on fast food: home cooked but served fast and hot. And now the beloved restaurant is ready to prove.....»»
EDITORIAL — Sour grapes
There are many reasons why tiny Singapore has sprinted ahead of the rest of Southeast Asia in terms of economic growth and nearly all human development indicators......»»
NEDA Chief: More reforms needed to unlock full benefits of Cha-cha
MANILA, Philippines —Socioeconomic Planning Secretary Arsenio Balisacan on Saturday reiterated his support for the proposed amendments particularly to the restrictive economic provisions of the Constitution. Those changes, the National Economic and Development Authority (Neda) chief said in a statement, are crucial for the economic advancement and competitiveness of the Philippines. Balisacan issued the statement to.....»»
ADB cuts Philippines growth outlook to 6% in 2024
The Asian Development Bank has trimmed its growth forecast for the Philippines for this year, citing risks posed by extreme weather events that can drive up inflation and the slower growth in advanced economies......»»
Alfamart accelerates growth with more aggressive expansion
Alfamart, the minimart chain of the SM Group, is embarking on a more aggressive growth as it ramps up store expansion starting this year......»»
SMC, SMIC Phl growth drivers
The Philippines’ two largest conglomerates are powering the country’s robust economic growth this year and in the coming years......»»
NEDA says 6 percent Q1 growth possible
A six percent economic growth in the first quarter is possible given developments in the labor market and lower inflation, according to the National Economic and Development Authority......»»
NEDA chief sees 2015 growth at 6% despite typhoons
By Leslie D. Venzon MANILA, Dec. 17 (PNA) — The government is optimistic about achieving its target economic growth of 6.9 percent in the fourth quarter despite the devastation wrought by typhoons,........»»
Philippines to lead growth in ASEAN+3
The Philippines is expected to post the fastest economic growth in the Association of Southeast Asian Nations Plus 3 this year and the next, according to the ASEAN+3 Macroeconomic Research Office......»»
China maintains defence budget growth despite economic travails
Hong Kong, March 12 (ANI): At the 14th National People's Congress, China announced its defence budget for 2024 and interestingly maintained the growth rate of its military expenditure at precisely the same percentage as last year, as Chairman Xi Jinping continues to prioritize the People's Liberation Army (PLA) at the expense of other sectors of government funding. Indeed, according to figures released on the opening day.....»»
UBS sees 2-digit credit growth for Philippines banks
Banks operating in the Philippines are expected to post a double-digit credit growth this year on the back of robust economic expansion, according to banking giant UBS......»»
Wage hike to cut GDP growth, raise unemployment – NEDA
The proposed legislation for a P100 wage increase for private workers could shave up to 0.5 percentage point off the country’s economic growth and reverse gains ......»»
Rate cut seen to boost growth
The much anticipated monetary policy easing will bolster the country’s economic expansion, but the growth will still be below targets amid risks stemming from the impact of El Niño, according to Sun Life Investment Management and Trust Corp.......»»
Nomura hikes Philippines growth target for 2024
Nomura Global Markets Research has upgraded its economic growth forecast for the Philippines to six percent from 5.8 percent for this year after a better-than-expected expansion in 2023......»»