World Bank urges Philippines to address funding, infrastructure challenges
The Philippines need to address challenges in terms of funding, lack of digital infrastructure and technical competencies as local government units are looking to develop smart cities, the World Bank said......»»
Mober raises $2 million in seed funding
Logistics services provider Mober is accelerating the integration of electric vehicles into its fleet after securing $2 million in seed funding......»»
UN chief: Resume funding Gaza aid agency
UN chief: Resume funding Gaza aid agency.....»»
Iloilo Airport to get P190-M funding for rehabilitation
Iloilo Airport to get P190-M funding for rehabilitation.....»»
Makabayan bloc seeks probe into funding of charter change initiatives
In a resolution Reps. France Castro (ACT Teachers Party-list), Arlene Brosas (Gabriela Women’s Party) and Raoul Manuel (Kabataan Party-list) called for a probe by the House’s committee on public accounts, stressing the public deserves to know the source of funding for the renewed attempt to change the Constitution. .....»»
‘Congress can provide funding for SHS vouchers for SUCs’
An opposition legislator yesterday offered a solution to the Commission on Higher Education problem regarding the discontinuation of vouchers for senior high school students, saying that Congress can still provide funding if needed......»»
World Bank expects faster growth for Philippines this year
Economic growth in the Philippines is projected to be faster this year than in 2023, but the pace will be lower than the government’s target, the World Bank said in a report......»»
Japan boxer, former three-division world champion, trains in Cebu
CEBU CITY, Philippines — Former three-division world champion Kosei Tanaka returned to Cebu for some top-notch boxing training. The 28-year-old Japanese is the former World Boxing Organization (WBO) world minimum, world flyweight, and former world light flyweight champion. He will spend three weeks in Cebu at the ZIP Sanman Boxing gym in Banawa, Barangay Guadalupe. .....»»
Magsayo punches his way into super featherweight top 10 world rankings
CEBU CITY, Philippines — Former world champion, Mark “Magnifico” Magsayo is starting to make his presence felt in the super featherweight division after cracking into the world’s latest top 10 rankings. Magsayo, the former World Boxing Council (WBC) world featherweight champion, is currently ranked NO. 7 in both the WBC and World Boxing Association (WBA). .....»»
Xinhua world economic news summary at 0900 GMT, Feb. 6
SINGAPORE -- Singapore's fintech sector amassed total funding of 2.2 billion U.S. dollars in 2023, a 68 percent decline compared to 2022, according to a report issued by accountancy giant KPMG Tuesday. Deal activity also saw a sharp drop, halving to 189 in 2023 from the previous year, the report said. (Singapore-Economy-Investment) - - - - SYDNEY -- The Reserve Bank of Australia (RBA) on Tuesday ke.....»»
PH Economy Remains Optimistic Amid Global Slowdown
The country is one of the fastest growing economies in East Asia and the Pacific according to the World Bank, foreseeing robust growth despite global economic slowdown. In the latest World Bank Global Economic Outlook report released on Tuesday, the Philippines is expected to maintain its economic growth rate in 2024 at 5.8%, slightly higher […].....»»
World Bank downgrades Philippine GDP projections for 2024 and 2025
The World Bank downgraded its GDP projections for the Philippines in 2024 and 2025 due to “various headwinds facing private investment”, like the effects of higher interest rates and “rising indebtedness.”.....»»
UnionDigital Bank revenue grows to over P5 billion
UnionDigital Bank, the digital banking arm of Aboitiz-led Union Bank of the Philippines, saw its revenue grow to over P5 billion in 2023 mainly driven by higher deposits and loans......»»
Carcar rape: Bank employee claims 17-year-old girl flirted with him
CEBU CITY, Philippines – The two bank employees, who were accused of raping a 17-year-old girl in Carcar City, Cebu on Friday, had refuted the victim’s allegations against them. Bank account officer Chandie Canadalla alleged that the girl asked him to accompany her to the bathroom and went along with his flirting. From the bathroom,.....»»
China urges Philippines to stop provocations in South China Sea
BEIJING, April 1 (Xinhua) -- China urges the Philippines to immediately stop violating China's sovereignty and its provocations on Ren'ai Jiao, and return to observing the spirit of the Declaration on the Conduct of Parties in the South China Sea (DOC), Chinese foreign ministry spokesperson Wang Wenbin said on Monday. Wang made the remarks when asked to comment on a statement made by the Philippine department of.....»»
China urges Philippines to stop maritime infringement, provocation
BEIJING, March 5 (Xinhua) -- China lodged serious representations to the Philippine side on its intruding vessels into the adjacent waters of Ren'ai Jiao, and once again urges the Philippines to stop maritime infringement and provocation, foreign ministry spokesperson Mao Ning said on Tuesday. Mao made the remarks at a regular news briefing when asked to comment on the collision between Chinese and Philippine bo.....»»
ROW process for Mindanao railway underway
The government is focused on securing right-of-way for the Mindanao Railway project for the meantime as it has yet to find a new funding source for the infrastructure......»»
UN urges countries to reverse funding pause for Palestinian agency
Most of Gaza's 2.3 million people are reliant on the aid UNRWA provides, including about one million who have fled Israeli bombardments sheltering in its facilities.....»»
UN to punish staffers involved in ‘terror,’ urges UNRWA funding — Guterres
NEW YORK (Reuters) -United Nations Secretary-General Antonio Guterres vowed on Sunday to hold to account “any U.N. employee involved in acts of terror” after allegations that some refugee agency staffers were involved in the Oct. 7 Hamas attacks on Israel. But Guterres implored governments to continue supporting the U.N. refugee agency for Palestinians (UNRWA) after.....»»
Astrolabio challenges 3-division world champion Nakatani of Japan
CEBU CITY, Philippines — MP Promotions’ Vincent “Asero” Astrolabio has officially issued a challenge to the newly-crowned three-division world champion Junto Nakatani of Japan. In a video recently posted on Viva Promotions’ Facebook page, Astrolabio was seen congratulating Nakatani and he finished his short speech by challenging the latter, who just won the World Boxing.....»»
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.....»»