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Beijing bristles as US defense chief shifts focus to China risks
SINGAPORE - U.S. Defense Secretary Lloyd Austin tried to refocus attention on China's threat in the Asia-Pacific region on Saturday, seeking to alleviate concerns that conflicts in Ukraine and Gaza have distracted from America's security commitments in the region.Austin, who was speaking at the annual Shangri-La Dialogue security summit in Singapore, met his Chinese counterpart, Dong Jun, on Friday in a bid to c.....»»
Don’t Know What to Do with Your Savings? Park Them in a Digital Bank (For Now)
Saving money is a fantastic habit, but what to do with that growing pile of cash can be a dilemma. While investing can offer potentially higher returns, it also comes with inherent risks. But what if you don’t even know where to invest it in the first place? For those looking for a safe haven […].....»»
Government setting up fund to manage PPP risks
The government is set to establish a risk management fund for public-private partnership projects......»»
China plans to float nuclear reactors in disputed South China Sea, analysts see it risky for environment
Washington, DC [US], May 17 (ANI): The US military warned that China is moving forward with developing floating nuclear reactors in the South China Sea to hold up its claim to the disputed maritime territory, a development, which analysts have stressed would pose risks to the environment, reported Voice of America (VOA). According to analysts, the plan to build ships with mobile nuclear power sources would raise tensions.....»»
BSP keeps interest rates steady
The Bangko Sentral ng Pilipinas said yesterday that its Monetary Board decided to keep rates steady. In doing so, the BSP said that inflationary risks “continue to lean toward the upside”, but that its latest forecasts showed that “inflation would settle close to the upper-end of the target range.”.....»»
NTF-ELCAC won’t be abolished, says Marcos
President Marcos yesterday rejected calls to abolish the government’s anti-insurgency task force, saying it has lessened the security risks posed by communist rebels and has provided assistance to those who abandoned the armed struggle......»»
Citi sees shallow rate cuts in 2024, 2025
Global banking giant Citi is now expecting smaller interest rate cuts from the Bangko Sentral ng Pilipinas in the next two years due to a more cautious stance on inflation risks......»»
El Niño attacks: How-to fight off the summer heat
El Niño heightens as the heat index reaches a “danger” level in certain areas of the Philippines, spiking up to 47 °C from April 17 to 21. The risks it brings to everyone’s—elders, people with chronic illnesses, and young children—health and well-being is evident as schools opt for online classes and allow alternative uniforms for.....»»
When China’s Digital Silk Road meets Philippines’ digital transformation
As the Philippines pursues digital transformation under President Marcos Jr., concerns arise over potential national security risks from China's increasing investments. Are the two interests at odds?.....»»
Bird flu: What we know (and don’t) about its potential to cause a human pandemic
Virologist Seema Lakdawala recently expressed concerns about the potential spread of the H5N1 avian flu virus among dairy cows and the risks it poses to.....»»
BSP to be more cautious on lowering rates – S& P
The Bangko Sentral ng Pilipinas, along with other emerging market central banks, would be more cautious about cutting borrowing costs this year amid external risks, according to S&P Global Ratings......»»
BDO to remain cautious amid risks
BDO Unibank Inc., the country’s largest bank, will remain cautious this year despite strong profit growth in 2023 and in the first quarter of the year......»»
Israel vows to retaliate against Iran: Here are the risks of this action
JERUSALEM — Israel is vowing to retaliate against Iran, risking further expanding the shadow war between the two foes into a direct conflict after an Iranian attack over the weekend sent hundreds of drones and missiles toward Israel. Israeli officials have not said how or when they might strike. But as countries around the world.....»»
BSP keeps policy rates anew
By Joann Santiago MANILA, Dec. 17 (PNA) — Philippine monetary officials on Thursday maintained the Bangko Sentral ng Pilipinas’ (BSP) key rates after noting that inflation dynamics and risks to the outlook........»»
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......»»
Councilor demands Davao Light to remove hazardous utility poles
DAVAO City Councilor Diosdado Mahipus Jr. on Tuesday urged the Davao Light and Power Company (Davao Light) to remove old power poles that pose risks to motorists and pedestrians......»»
BSP leaves interest rates unchanged
The Bangko Sentral ng Pilipinas opted to keep interest rates unchanged at a near 17-year high for the fourth straight meeting yesterday, following the inflation uptick in March and as monetary authorities continue to be vigilant against upside risks......»»
Opinion - South China Sea- Philippines must softly manage disputes or miss out economically
Manilas assertive transparency strategy is touted as a model for managing maritime disputes but it diminishes key economic opportunities. As Chinese investment pours into other Southeast Asian countries, the Philippines must reduce geopolitical risks without acquiescing to Beijing......»»
PDEA warns vs. proliferation of Marijuana-flavored vapes
MANILA, Philippines — The Philippine Drug Enforcement Agency (PDEA) has cautioned the public on the proliferation of electronic cigarettes or vape containing marijuana oil. It issued the warning after monitoring an upsurge in the product’s presence nationwide during its recent anti-illegal drugs operations. PDEA also said the item is illegal and it poses health risks......»»
The Risks of Opening a Business in 2024
In a world where economic volatility always reigns supreme, the allure of entrepreneurship has never been more enticing–or more fraught with risk. As aspiring business owners eagerly plan to open their business in 2024, they must confront a harsh reality: the path to success is paved with pitfalls that could shatter even the most ambitious […].....»»