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Agri damage from Caraga, Davao landslide hits P78 million
The NDRRMC reported that an estimated P64,069,839 worth of damage was recorded in the Davao Region, while P14,040,579.6 was documented in CARAGA......»»
P7.2M worth of dried cannabis seized from local supplier along Kennon Road
At least P7.2M worth of dried cannabis leaves and stalks packed in a cylindrical packaging was seized in a sting operation against a local drug trader along Camp 4, Kennon Road in Tuba, Benguet on Wednesday morning......»»
Pandacan fire leaves 600 families homeless
At least 600 families were left homeless when a fire broke out at a residential area in Pandacan, Manila yesterday......»»
Milk tariff collections rise by 31% to P2.4 billion
Revenues raised by the government from various imported milk products jumped by 31 percent to P2.36 billion in 2023, the highest in at least eight years, from P1.8 billion in 2022......»»
Germany trip yields $4 billion business deals
At least $4 billion or P220 billion worth of investment deals were secured by the Philippines during President Marcos’ three-day working visit here......»»
El Niño agriculture damage climbs to P6.3 billion
Damage to agriculture due to the El Niño phenomenon has increased to P6.3 billion, the Department of Agriculture reported yesterday......»»
EL Niño agriculture damage balloons to P3.94 billion
Damage to the agriculture sector due to El Niño has reached P3.94 billion, covering 66,065 hectares and affecting 73,713 farmers and fisherfolk, according to the Department of Agriculture......»»
Agriculture losses due to El Niño hit P1.23 billion
The agriculture sector has suffered P1.23 billion worth of damage due to the El Niño phenomenon since January, the National Disaster Risk Reduction and Management Council said yesterday......»»
PMI eyes use of Philippines tobacco in smoke-free products
Philip Morris International plans to use locally produced tobacco leaves in its smoke-free products following the inauguration of the P8.8-billion expansion of its local affiliate’s factory......»»
Xinhua world news summary at 1530 GMT, Jan. 19
BRAZZAVILLE -- At least 23 people were killed by floods caused by heavy rains across the Republic of the Congo, government spokesperson Thierry Moungalla said Friday. The 23 deaths were recorded in the departments of Likouala, Cuvette and Niari. According to an updated assessment, nine of the country's 12 departments have been affected, especially those bordering the Congo River. (Congo-Flooding-Damage) -.....»»
Xinhua world news summary at 1530 GMT, Jan. 19
BRAZZAVILLE -- At least 23 people were killed by floods caused by heavy rains across the Republic of the Congo, government spokesperson Thierry Moungalla said Friday. The 23 deaths were recorded in the departments of Likouala, Cuvette and Niari. According to an updated assessment, nine of the country's 12 departments have been affected, especially those bordering the Congo River. (Congo-Flooding-Damage) -.....»»
Another bridge in Davao Oriental collapsed
A bridge in Caraga, Davao Oriental collapsed due to continuous heavy rains, following the impact of Tropical Depression Kabayan. This is the third main bridge damaged by extreme weather conditions since December 2023. The damaged bridges are still under construction. The collapse has caused isolation for some communities and led to landslides in Barangay Pichon, with at least 64 families sheltered in evacuation centers. The local government, alongside various agencies, is conducting an impact assessment to determine the damage to agriculture and infrastructure. Classes in public and private institutions are suspended until January 20. The community is rallying for strength and optimism amidst the challenges......»»
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.....»»
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.....»»
BCDA open to selling SCTEX share for P20 billion
The government wants at least P20 billion from the Metro Pacific Tollways Corp. (MPTC) in the potential sale of its 50 percent stake in the Subic-Clark-Tarlac Expressway (SCTEX)......»»
ADB urged to boost climate financing to $11.5 billion
The Asian Development Bank (ADB) needs to ramp up its climate financing to at least $11.5 billion annually as vulnerable economies continue to take the hit of the impact of worsening climate change......»»