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Xinhua world economic news summary at 0900 GMT, March 18
BEIJING -- Global new energy passenger car sales are predicted to exceed 39 million units by 2030, said a report obtained during the China EV100 Forum 2024 concluded Sunday in Beijing. That will mark a penetration rate of almost 50 percent, rising from the nearly 20 percent in 2023 with the sales of over 13 million units, according to the report issued by China EV100, a new energy vehicle (NEV) industry think ta.....»»
Villar pushes extension, higher budget for RCEF
Sen. Cynthia Villar wants to double the annual guaranteed allocation for the rice competitiveness enhancement fund to P20 billion as she seeks to extend the fund by another six years or until 2030......»»
ICTSI outlines net zero plan
Logistics giant International Container Terminal Services Inc. (ICTSI) has pledged to scale down its carbon footprint by 26 percent by 2030 as part of measures to become net zero......»»
Hayco reiterates importance of PSC-PRISAA grassroots program partnership
CEBU CITY, Philippines— The Philippine Sports Commission (PSC), through Commissioner Edward Hayco, rolled out its nationwide grassroots program initiative earlier this year. Last month, PSC and the Private Schools Athletic Association (PRISAA) officially sealed their partnership through a “Memorandum of Agreement” (MOA) to initiate the grassroots program. Hayco, in an interview, wanted to reiterate the.....»»
NEDA OKs contract changes in UP-PGH Cancer Center PPP
The National Economic and Development Authority (NEDA) Board has approved the revised terms and cost of the Cancer Center public private partnership (PPP) project and two other initiatives intended to help accelerate the development of infrastructure and human capital......»»
US to launch Luzon corridor development
The United States will support the development of the Luzon corridor in the Philippines as the first project under an initiative that seeks to help accelerate investments in priority sectors in partner countries in the Indo-Pacific region......»»
Philippines needs to accelerate investments — World Bank
The Philippines will need to see a sustained increase in investments to achieve higher economic growth, according to the World Bank......»»
Fitch sees Philippine economy growing by 6.4% in 2024
“We expect output growth to accelerate to 6.4 percent in 2024, reflecting base effects from a weaker 2023 and our assessment that policy rates have peaked. Consumer confidence has been weakening, but business confidence has recovered strongly.”.....»»
PNR to suspend Metro Manila operations to speed up NSCR project
The Philippine National Railways (PNR) will halt its Governor Pascual-Tutuban and Tutuban-Alabang operations starting March 28, 2024 to "accelerate" the construction of the North-South Commuter Railway (NSCR) project in Metro Manila......»»
EDITORIAL - Invest in women, accelerate progress
The international community marks Women’s Day today with governments enjoined to invest in the empowerment of women......»»
BSP to keep policy stance unchanged
Monetary authorities may keep the benchmark interest rates unchanged in the near term as inflation quickened for the first time in five months, and could accelerate further to above the two to four percent target in the second quarter......»»
Road to IPO
The Philippine Stock Exchange hosted a forum on Feb. 28 featuring CEOs who talked about how their respective initial public offerings helped accelerate the growth of their companies......»»
EV players push ‘green traffic’ as NEDA readies tariff review
Electric vehicle industry players and clean air advocates are calling on the National Economic and Development Authority to lead the push to accelerate efforts to promote “green traffic” through the inclusion of e-motorcycles as part of those enjoying tax exemption as the agency starts its review of an executive order that modified the tariffs on EVs......»»
Breast cancer vaccine provides hope for local patient
Kristen Dahlgren, a former NBC News correspondent, has recently launched the Pink Eraser Project in an effort to accelerate the development of an innovative breast.....»»
US, Japan Accelerate War Drills to Deter China
washington - The U.S. and Japan wrapped up a joint command post exercise late this week that analysts said was aimed at improving the coordination of their capabilities in dealing with threats from China.The Keen Edge 24 computer simulation exercise was intended 'to practice responses in the event of a crisis or contingency,' said the U.S. Indo-Pacific Command as it began the exercise on February 1 and ended Thu.....»»
US, Japan Accelerate War Drills to Deter China
washington - The U.S. and Japan wrapped up a joint command post exercise late this week that analysts said was aimed at improving the coordination of their capabilities in dealing with threats from China.The Keen Edge 24 computer simulation exercise was intended 'to practice responses in the event of a crisis or contingency,' said the U.S. Indo-Pacific Command as it began the exercise on February 1 and ended Thu.....»»
Philippines urged to accelerate development of sustainable infrastructure
The Philippines needs to work double time in building sustainable infrastructure given its high vulnerability to the impacts of climate change and weather disturbances, Singapore-based project facilitation office Infrastructure Asia said......»»
P3.7B swak sa scholarship program ng CHED
Inilabas ng Department of Budget and Management (DBM) ang P3.7 bilyon para sa scholarship program ng Commission on Higher Education (CHED). The post P3.7B swak sa scholarship program ng CHED first appeared on Abante......»»
FACT CHECK: K-12 is not being replaced with K-10 program
Pinas News Insider claimed in a video in 2023 that the Marcos administration has discontinued the K-12 program and replaced it with its K-10 program......»»
Ruiz hires veteran basketball coach for “Sports for All” program
CEBU CITY, Philippines — Notable basketball coach and skills trainer Giovanni “Jojo” Romarate Teves has officially joined the “Sports for All” program of former Philippine Drug Enforcement Agency in Central Visayas (PDEA-7) director Yogi Filemon Ruiz. He is one of the Cebuano sports personalities that Ruiz tapped to handle his soon-to-launch “Sports for All” program.....»»