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Why Chinabank is special to Henry Sy’s family – and what we can learn from it
When you think about why the minority Chinese-Filipino community is more prosperous than the larger Filipino community, think about the late billionaire Henry Sy’s first loan.....»»
Why I wish I could see ‘Stuck in Love’ for the first time all over again
Why I wish I could see ‘Stuck in Love’ for the first time all over again.....»»
Why planned power boost to Cebu Island welcomed and needed
MANDAUE CITY, Cebu — A business leader in Cebu’s industrial and logistics hub welcomes a firm’s plan to give the island a power boost with its planned expansion and construction of its power facilities. Mark Ynoc, incoming president of the Mandaue Chamber of Commerce and Industry (MCCI), told CDN Digital in a message, why the.....»»
Dinagyang proves anew why it is Philippines’ best
Dinagyang proves anew why it is Philippines’ best.....»»
EXPLAINER: Why does your phone have multiple cameras and what does each do?
Today's smartphones have transformed, boasting multiple lenses that serve diverse photographic functions. Why did it evolve this way and what does each camera do? .....»»
DSWD vows to intensify efforts, collab with agency partners vs hunger
The Department of Social Welfare and Development (DSWD) recognizes that addressing hunger is a continuing effort that is why there is a need to implement innovative strategies to combat involuntary hunger, Asst. Secretary for Strategic Communications Romel Lopez said on Tuesday (January 23). “This is why we continue to implement innovative programs to address hunger […].....»»
Church visits are allowed only until 10 p.m. – Police chief
CEBU CITY, Philippines – Church visits on Maundy Thursday will only be allowed until 10 p.m. the chief of the Cebu City police announced on Thursday, March 28. Police Colonel Ireneo B. Dalogdog, City Director of the Cebu City Police Office (CCPO) said that the public is not allowed inside religious places past 10:00 p.m......»»
SPNEC confirms it is looking for investors in Terra Solar to help fund project dev t
SP New Energy, Meralco’s new renewable energy subsidiary, confirms a report that it was seeking investors to help fund the development of the 3.5 GW Terra Solar project, but clarified that it is only seeking investors “at the Terra Solar Philippines Inc. level,” and that it has only “just launched the process and are still in discussions with various possible investors.” .....»»
Philippine central bank holds key interest rates
MANILA, May 16 (Xinhua) -- The Philippine central bank opted Thursday to keep the bank's target reverse repurchase rate at 6.5 percent and the interest rates on the overnight deposit and lending facilities at 6 percent and 7 percent, respectively. In a press conference, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona said that inflation expectations remain well-anchored while a restrictive policy stance.....»»
Philippines to save P16 billion annually from higher ethanol blend
Increasing the ethanol blend in gasoline products from 10 percent to 20 percent could cut fuel prices by as much as four percent, resulting in as much as P16 billion in annual savings for Filipino vehicle owners, according to the United States Department of Agriculture-Foreign Agricultural Service......»»
Eastern Visayas posts 5.1 percent unemployment rate in July 2023
Eastern Visayas’ unemployment rate peaked at 5.1 percent in July 2023, higher by 0.9 percentage point than the 4.2 percent unemployment rate in April 2023......»»
Economy seen growing by 6.2 percent this year
Philippine economic expansion may pick up in the coming months, with growth seen averaging 6.2 percent this year, well within the government’s six to seven percent target, according to BMI Country Risk & Industry Research......»»
Philippines GDP expands by 5.7 pct in Q1
MANILA, May 9 (Xinhua) -- The Philippines' gross domestic product (GDP) expanded 5.7 percent year-on-year in the first quarter of 2024, the Philippine Statistics Authority (PSA) said Thursday. The latest figure is higher than the 5.5 percent growth in the fourth quarter of 2023, but lower than the 6.4 percent expansion posted in the first quarter of 2023. PSA head Dennis Mapa told a press conference that.....»»
Philippine economy expands 5.7% in Q1
MANILA — The Philippine economy expanded by 5.7 percent in the first quarter of the year, up from 5.5 percent in the previous quarter, according to the Philippine Statistics Authority (PSA). However, this growth was below the government’s target and slower than the 6.4 percent growth recorded in the same period last year. The Marcos administration.....»»
Inflation ticks up to 3.8% in April - The Manila Times
MANILA, Philippines: Inflation slightly accelerated last month due to increases in key food items, the Philippine Statistics Authority reported on Tuesday. For three consecutive months, inflation picked up 3.8 percent in April from March's 3.7 percent but was lower than the 6.6 percent recorded in the same month last year. It is well within the estimate of the Bangko Sentral ng Pilipinas (BSP) for the month at 3.5- to.....»»
Recto sees at least 5.8 percent GDP growth in Q1
The Philippine economy may have expanded by at least 5.8 percent to as much as 6.3 percent in the first quarter as inflation remained a concern for the government......»»
Bilang ng mga bumisita sa bansa ngayong Abril umabot ng 2-M, sey ng DOT
MAHIGIT dalawang milyon ang naitalang international visitors sa ating bansa para sa buwan ng Abril. Ayon sa Department of Tourism (DOT) noong April 25, karamihan diyan ay mga dayuhang turista na nasa 95 percent, habang nasa five percent ang mga kababayan nating OFWs. Ang bilang ngayong taon ay mas mataas nag 15.11 percent kumpara sa.....»»
Philippines central bank keeps key interest rates unchanged
MANILA, April 8 (Xinhua) -- The Philippine central bank opted Monday to keep the bank's target reverse repurchase rate at 6.5 percent, and the interest rates on the overnight deposit and lending facilities at 6 percent and 7 percent respectively. In a press conference, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona said the latest inflation path has shifted slightly higher but still remains within targe.....»»
ANZ raises Philippine inflation forecast to 3.8% this year
ANZ Research hiked its inflation forecast for the Philippines to 3.8 percent this year, from 3.5 percent previously, as risks may drive inflation up to above the central bank’s two to four percent target in the coming months......»»
BSP on guard vs inflation risks amid El Niño
The BSP chief said headline inflation likely further accelerated to 3.9 percent in March from 3.4 percent in February due to base effects, but lower than the 7.6 percent in March 2023......»»