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Philippine central bank to kick off tightening cycle on May 19
2022-05-17
BENGALURU, May 17 (Reuters) - The Philippine central bank will kick off its tightening cycle on Thursday, much earlier than previously thought, joining peers around the world in a race to tighten monetary policy to tackle rising inflation, a Reuters poll found.
With economic growth in the Southeast Asian nation at its fastest in nearly a decade and inflation at a more than three-year high...
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Philippine central bank to kick off tightening cycle on May 19
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Reserve Bank may hike interest rates by 50 bps on Thursday
2022-05-17
A potential interest rate hike, inflation statistics for April and retail trade sales for March will be in focus on the economic front this week, with the South African Reserve Bank (Sarb) expected to raise interest rates for the fourth consecutive meeting.
The Sarb’s monetary policy committee (MPC) is expected to lift the repo rate, which affects the cost of borrowing, 50 basis points ...
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Reserve Bank may hike interest rates by 50 bps on Thursday
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Australian PM congratulates Bongbong Marcos
2022-05-13
Australian Prime Minister Scott Morrison congratulated presumptive President Ferdinand Bongbong Marcos Jr. who is poised to win the 2022 presidential elections by a landslide victory.
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On Twitter, Morrison expressed hope the Philippines and Australia would continue to enjoy strong bilateral relations under the incoming administration.
I congratulate Ferdinan...
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Australian PM congratulates Bongbong Marcos
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Industrial output growth subdued at 1.9% in March
2022-05-13
New Delhi, May 12
Industrial production growth remained subdued at 1.9 per cent in March compared to a year ago, mainly due to poor performance by the manufacturing sector which showed staggered impact of the third wave of the pandemic.
Factory output measured in terms of Index of Industrial Production (IIP) had recorded a growth of 24.2% in March 2021, as per government data rel...
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Industrial output growth subdued at 1.9% in March
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Too low for too long: Analyst backs interest rate hike in May
2022-05-13
MANILA - It would be wise for the Bangko Sentral ng Pilipinas to implement an interest rate hike in May since the change in government wont take place until June, Bank of the Philippine Islands lead economist Jun Neri said Friday.
The countrys benchmark borrowing rate has been kept to its record low of 2 percent since November 2020 to support economic recovery.
BSP Governor Benja...
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Too low for too long: Analyst backs interest rate hike in May
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Clean up poll mess, local governments told
2022-05-12
MANILA, Philippines — The Department of the Interior and Local Government has given local governments and candidates three days to wipe out and dispose of all the campaign waste materials they produced in the recently concluded May 9 national and local elections.
Cleanup of election litter is the first order of business after the polls. Aside from incumbent [local government] officials,...
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Clean up poll mess, local governments told
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PH economy grows 8.3% in Q1
2022-05-12
MANILA, Philippines — The Philippine economy managed to post a stellar growth in the first quarter, smashing expectations despite the Omicron onslaught at the start of the year.
Gross domestic product, the sum of all products and services created in an economy, grew 8.3% year-on-year in the first three months of the year, the Philippine Statistics Authority reported Thursday.
T...
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PH economy grows 8.3% in Q1
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SOON: 50 Minutes travel from Makati to Clark International Airport
2022-05-12
It’s official! The newly opened Clark International Airport (CRK) is now operational and is accommodating passengers both from the local and international airlines.
This new airport offers new experiences for travelers—showcasing the world-class Filipino craftsmanship. During the recently held North Luzon Expressway’s (NLEX) Lakbay-Norte event, the Manila Bulletin Lifestyle had an ...
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Clark International Airport
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China congratulates leading candidates in PH elections
2022-05-12
MANILA – The Chinese government congratulated the "leading candidates" in the recently held May 9 polls, extending the greetings to the country for the "smooth" conduct of elections.
The partial and unofficial tally in the presidential race consistently points to an overwhelming win for Ferdinand Marcos Jr., with more than 31 million votes, more than double the lead ...
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China congratulates leading candidates in PH elections
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Biden seeks to keep China in focus by welcoming ASEAN leaders
2022-05-12
WASHINGTON – President Joe Biden will host Southeast Asian leaders in Washington this week, seeking to show his administration remains focused on the Indo-Pacific and the long-term challenge of China despite the Ukraine crisis.
A two-day summit with the 10-nation Association of Southeast Asian Nations (ASEAN) begins with a White House dinner on Thursday before talks at the State Departm...
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Biden seeks to keep China in focus by welcoming ASEAN leaders
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DoH on post-poll Covid spike watch
2022-05-11
THE Department of Health (DoH) on Tuesday said it is monitoring a possible spike in the number of Covid-19 cases after it saw violations of health protocols during Mondays local and national elections.
Health Undersecretary Maria Rosario Vergeire noted that they have seen different implementations of safety protocols in different voting places across the country, and some areas were not a...
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DoH on post-poll Covid spike watch
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J.P. Morgan drops PH to bottom of Asean investment preference list after May 9 polls
2022-05-11
MANILA, Philippines — American financial services giant J.P. Morgan dropped the Philippines to the bottom of an investment list comprised of its Southeast Asian peers in a new report released after it became clear Ferdinand Bongbong Marcos Jr., the namesake son of the late dictator, was headed for a landslide win on Mondays presidential elections.
J.P. Morgan did not mention Marcos name...
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J.P. Morgan drops PH to bottom of Asean investment preference list after May 9 polls
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Makati City Mayor Abby Binay wins reelection bid
2022-05-11
MANILA, Philippines — Reelectionist Makati City Mayor Abby Binay was proclaimed winner of the mayoral race by the Commission on Elections (Comelec) Tuesday morning.
Data from the Comelec on Tuesday showed that Binay got 338,819 votes, defeating her rival independent candidate Joel Hernandez who received 16,640 votes.
Makati City Vice Mayor Monique Lagdameo likewise had a succes...
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Makati City Mayor Abby Binay wins reelection bid
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Philippine election: US$9.3 billion wiped off stock market as investors await Marcos economic plans
2022-05-11
The benchmark Philippine stock index dropped amid a global sell-off, as investors awaited economic plans of Ferdinand Marcos Jnr, who based on an unofficial count of Mondays vote, is headed for a landslide win in the presidential election.
The Philippine Stock Exchange Index ended 0.6 per cent down at 6,720.93, its lowest close in nine months. It fell as much as 3.1 per cent earlier. Nine...
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Philippine election: US$9.3 billion wiped off stock market as investors await Marcos economic plans
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36 years after ousting Marcos, Filipinos elect son as president
2022-05-10
MANILA, Philippines – With 94.23% of precincts already accounted for, Ferdinand Bongbong Marcos Jr., the only son and namesake of the late Philippine dictator, is the presumptive winner of the 2022 presidential elections in the Philippines.
It is a historic win nearly four decades after Filipinos booted out his family out of power, ending a well-oiled campaign that sought to bury the pa...
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36 years after ousting Marcos, Filipinos elect son as president
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Globe Telecom plans to sell tower assets
2022-05-10
MANILA, Philippines — Globe Telecom Inc. remains keen on selling its tower assets, but is not in a hurry to do so.
Weve always continued to look out for opportunities with respect to selling our passive assets, which include our towers, and the recent transaction from our competition has made the environment more friendly with respect to selling the towers, Globe chief finance officer R...
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Globe Telecom plans to sell tower assets
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Philippine stocks open lower on election jitters
2022-05-10
MANILA, Philippines — Local equities opened Tuesday with big losses as investors focus on the results of the Philippine presidential elections.
The Philippine Stock Exchange index, a barometer of investor confidence, opened the trading day down 1.89% before plummeting by over 3% forty-minutes later. The broader All Shares index was also in the red.
It was a bloodbath across all...
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Philippine stocks open lower on election jitters
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Duterte declares May 9 as special non-working holiday due to elections
2022-05-06
MANILA, Philippines – President Rodrigo Duterte has declared Monday, May 9, as a special non-working holiday to “enable people to properly exercise their right to vote.”
Malacañang on Thursday, May 5, released Proclamation No. 1357 signed by Duterte, declaring a holiday throughout the country for the National and Local Elections.
In his order, Duterte said that the electio...
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Exercise your right to vote on Monday!
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Driving to Makati this Saturday? Take note of these road closures
2022-05-06
Got any plans this weekend? If youre driving to or past Makati City, take note: The local government unit will be closing off several roads in the central business district.
From May 6, 9pm, to May 8, 6am, motorists will not be allowed to access the areas surrounding the Ayala Triangle. Specifically, a huge chunk of Ayala Avenue and portions of Paseo de Roxas and Makati Avenue will be aff...
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Driving to Makati this Saturday? Take note of these road closures
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Joblessness rate falls to lowest in nearly 2 years this March, but underemployment up
2022-05-06
Metro Manila (CNN Philippines, May 6) — The Philippine Statistics Authority (PSA) said Thursday the number of Filipinos out of work fell to 2.87 million in March, yielding the lowest joblessness rate since the pandemic began. However, more joined the ranks of the underemployed.
The PSA reported an unemployment rate of 5.8% for March, the lowest since the record-high 17.6% logged in Apri...
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Joblessness rate falls to lowest in nearly 2 years this March, but underemployment up
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PH Red Cross starts giving 2nd Covid-19 booster shots
2022-05-06
THE Philippine Red Cross (PRC) started administering second booster shots of Covid-19 vaccines on Wednesday, April 27 in Mandaluyong City to the elderly and the immunocompromised.
The Department of Health announced last April 13 that the Food and Drug Administration has approved the administration of Covid-19 second booster shots to the elderly, the immunocompromised, and frontline health...
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PH Red Cross starts giving 2nd Covid-19 booster shots
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Philippines seen as attractive medical tourism destination
2022-05-05
MANILA, Philippines — With many untapped potentials in the health and industry, the Department of Tourism said it sees the Philippines as an attractive medical tourism destination.
With world-class hospitals and facilities, skilled doctors and nurses, and the Filipino brand of hospitality, the Philippines is poised to become an attractive destination for medical tourism, Tourism Secreta...
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Philippines seen as attractive medical tourism destination
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Philippine banks still enabling coal projects — report
2022-05-05
MANILA, Philippines — Six Philippine banks have enabled coal projects by either underwriting or selling bonds meant to finance these developments, a move that goes against some of their commitments to stop coal funding, according to a new report.
Banks have not quit coal despite their coal divestment policies, energy advocacy and bank watchdog group Withdraw from Coal (WFC) said in the ...
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Philippine banks still enabling coal projects — report
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Pulse Asia says pre-election surveys done without fear or favor; addresses statisticians claims
2022-05-04
In a statement, Pulse Asia said that being a non-partisan, non-profit, non-stock organization of academics, releasing the survey results manifests the value our organization places on the peoples right to information.
We likewise hope that in releasing our survey results, we could elicit feedback from fellow academics, comments that are important in improving our work in taking the public...
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Pulse Asia says pre-election surveys done without fear or favor; addresses statisticians claims
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Journalism under digital siege, foreign envoys warn
2022-05-04
MANILA, Philippines — Foreign envoys yesterday expressed concern that journalism is under digital siege, warning about the amplified impact of misinformation and disinformation in the Philippines, in a statement released on World Press Freedom Day.
The envoys, composed of Ambassadors Anke Reiffenstuel (Germany), Peter MacArthur (Canada), Laure Beaufils (United Kingdom), Jana Šedivá (C...
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Journalism under digital siege, foreign envoys warn
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AST SpaceMobile granted FCC license, partners with Globe Telecom
2022-05-04
AST SpaceMobile, a company building a space-based cellular broadband network accessible directly by standard mobile phones, has been granted a license by the Federal Communications Commission (FCC) to continue testing its technology, and signed a new agreement with Filipino telco Globe Telecom.
AST SpaceMobile, Inc. has received an experimental license from the Federal Communications Comm...
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AST SpaceMobile granted FCC license, partners with Globe Telecom
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France euthanizes 16 million birds over bird flu epidemic
2022-05-04
France has slaughtered 16 million captive birds since the start of the current bird flu epidemic, a record number of sacrifices in the country, officials said on Monday.
“The peak of the epidemic was at the end of March and the epidemic is slowing down”, explained the Ministry of Agriculture.
Since the first case detected in northern France at the end of November, the virus h...
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France euthanizes 16 million birds over bird flu epidemic
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WHO chief says we are increasingly blind on COVID-19 transmission
2022-04-27
GENEVA/LONDON — The head of the World Health Organization on Tuesday urged countries to maintain surveillance of coronavirus infections, saying the world was blind to how the virus is spreading because of falling testing rates.
As many countries reduce testing, WHO is receiving less and less information about transmission and sequencing, Director-General Tedros Adhanom Ghebreyesus told ...
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WHO chief says we are increasingly blind on COVID-19 transmission
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MRT-3 Libreng Sakay program extended until May 30
2022-04-27
Metro Manila (CNN Philippines, April 27) — The commuting public can still enjoy free MRT-3 rides at least for another month.
The Department of Transportation and the Metro Rail Transit Line-3 management said on Wednesday that the "Libreng Sakay" program has been extended until May 30 "to continue helping our commuters ease their financial burden amid inflation and rising ...
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MRT-3 Libreng Sakay program extended until May 30
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Oil firms to impose big-time price hike
2022-04-27
Oil companies will again implement a big-time price hike on Tuesday.
In their public advisory on Monday, Caltex, PTT Philippines (Petron), Shell, Cleanfuel and Seaoil said that the price of diesel will go up by P4.10 per liter and gasoline by P3 per liter.
Caltex, Shell, and Seaoil also said that the cost of kerosene will increase by P3.50 per liter.
Energy Undersecretar...
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Oil firms to impose big-time price hike
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OwnID raises $6M to replace passwords with smartphone-based biometrics
2022-04-27
The founders of OwnID, Dor Shany and Rooly Eliezerov, previously founded Gigya, a startup that wanted to make it easier to help identify customers. They sold that startup to SAP for $350 million in 2017, but the idea of making it easy to log into websites without friction was always in the back of their minds, and they launched OwnID last year to help solve that particular problem.
Shany ...
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OwnID raises $6M to replace passwords with smartphone-based biometrics
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SpaceX set to launch its latest crew to ISS for NASA
2022-04-27
Days after a SpaceX Dragon capsule crewed by wealthy adventurers splashed down off Floridas coast, another is set to launch Wednesday, this time for a NASA mission to the International Space Station.
With weather appearing favorable, the Crew-4 mission should blast off from the Kennedy Space Center at 3:52 am (0752 GMT), carrying Americans Kjell Lindgren, Bob Hines and Jessica Watkins, as...
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SpaceX set to launch its latest crew to ISS for NASA
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Oil companies raise pump prices of gasoline, diesel
2022-04-26
MANILA, Philippines — The prices of gasoline will go up by P3 per liter this week and diesel by P4.10 per liter, according to separate announcements made by local oil companies.
Kerosene, meanwhile, will also increase by P3.50 per liter.
The price increases will take effect starting Tuesday at 6 a.m. The oil companies that made the announcement include Seaoil Philippines, Clean...
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Oil companies raise pump prices of gasoline, diesel
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PH stocks up as Fed signals interest rate hike; peso weakens
2022-04-26
MANILA – The main stock gauge started the week up on investors’ anticipation for another increase in the Federal Reserve’s key rates in May, but the peso weakened against the US dollar.
After a slump at the end of last week’s trading, the Philippine Stock Exchange index (PSEi) recovered and jumped by 0.32 percent, or 22.24 points, to 7,020.83 points.
All Shares finish...
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PH stocks up as Fed signals interest rate hike; peso weakens
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Govt sending aid to OFWs in COVID-hit Shanghai — DOLE
2022-04-25
Metro Manila (CNN Philippines, April 23) — The Department of Labor and Employment vows to provide essential needs like food and medicine to Overseas Filipino Workers (OFWs) who are affected by the antivirus lockdown in Shanghai, China.
The Department of Foreign Affairs (DFA) is currently exerting effort to identify the OFWs who are in need, according to Labor Secretary Silvestre Bello I...
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Govt sending aid to OFWs in COVID-hit Shanghai — DOLE
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Comelec cancels debates after P14-M debt mess, sets KBP forum instead
2022-04-25
MANILA, Philippines – The last two debates organized by the Commission on Elections (Comelec) will no longer push through despite a last-minute attempt to salvage the ill-fated event series, in the wake of a debt fiasco involving its former production partner.
After a falling out with Impact Hub Manila, the Comelec sought the help of the Kapisanan ng mga Brodkaster ng Pilipinas (KBP) to...
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A taped KBP forum is set to replace the PiliPinas debates as the former organizer is embroiled in a
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WTTC launches Hotel Sustainability Basics initiative at its Global Summit in Manila
2022-04-22
The World Travel & Tourism Council (WTTC) has launched its Hotel Sustainability Basics, a globally recognised and coordinated set of criteria that all hotels should implement as a minimum to drive responsible Travel & Tourism.
The initiative was launched today at its prestigious Global Summit being held in Manila this week and will help every hotel address and improve their environmental ...
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WTTC launches Hotel Sustainability Basics initiative at its Global Summit in Manila
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PH economy needs to grow 6% to cut pandemic-related debt
2022-04-22
MANILA – The Philippine economy needs to grow faster than its pre-pandemic level of around 6 percent for the government to reduce debt incurred because of the coronavirus disease 2019 (Covid-19).
In an interview over Bloomberg television on Thursday, Finance Secretary Carlos Dominguez III said there is no issue regarding the repayment of the debt incurred during the pandemic since these...
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PH economy needs to grow 6% to cut pandemic-related debt
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PH tourism on the road to recovery after stronger 2021 figures — report
2022-04-21
Metro Manila (CNN Philippines, April 20) — Philippine tourism is headed to a rebound after it performed better in 2021, latest figures from the World Travel & Tourism Council (WTTC) released Wednesday show.
In its annual research for the country, the WTCC pegged the total contribution of travel & tourism to domestic output at $41 billion (about ₱2.017 trillion) last year. This is abou...
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Philippines rollout of second booster shots vs. COVID-19 seen in week or two
2022-04-21
Expect the rollout of second booster shots for the elderly and the immunocompromised to start in a week or two, the Department of Health said on Tuesday.
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Health Undersecretary Maria Vergerie said the DOH was still waiting for the final recommendation of the Health Technology Assessment Council (HTAC) as regards the fourth jabs.
Based from our update yesterd...
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Philippines rollout of second booster shots vs. COVID-19 seen in week or two
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Shanghai lockdown eases amid virus deaths
2022-04-21
SHANGHAI: Shanghai further eased its grueling, weeks-long Covid-19 lockdown on Wednesday despite a rising official death toll and tens of thousands of daily cases.
Chinas largest city is ambling toward reopening as businesses and residents grow increasingly desperate over closures and food shortages.
Faced with the countrys worst coronavirus outbreak in two years, Shanghai has co...
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Shanghai lockdown eases amid virus deaths
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COVID-19 hits 158 more in PH – DOH tracker
2022-04-20
MANILA, Philippines — An additional 158 new coronavirus infections were recorded by the Department of Health (DOH) on Tuesday, its COVID-19 tracker showed.
This is the lowest number of new COVID-19 cases that the DOH logged for a day this year.
The DOH coronavirus tracker also showed that active COVID-19 infections decreased further to 18,815 from Mondays 19,923 while the total...
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COVID-19 hits 158 more in PH – DOH tracker
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RBI issues fresh norms for non-banking lenders with effect from 1 Oct
2022-04-20
The Reserve Bank of India (RBI) on Tuesday announced a series of changes for non-banking lenders to identify large exposures on scale-based regulation (SBR). These norms are aimed at addressing credit risk concentration in NBFCs.
The changes have been made to the October 2021 circular titled Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs, in terms of which a Large ...
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RBI issues fresh norms for non-banking lenders with effect from 1 Oct
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菲律賓臺灣工商總會舉辦第十七屆會慶暨就職典禮
2022-04-18
菲律賓臺灣工商總會於4月10日晚間於馬尼拉市舉辦「第十七屆會慶暨就職典禮」，駐菲律賓代表處大使徐佩勇伉儷偕中心主任王映陽、副主任劉桂瑛及各組組長出席。
徐佩勇致詞表示很開心有機會可以參與今日盛會，大家齊聚一堂見證交接，感謝第十六屆主席林家丞及會長陳志郎，在疫情下持續...
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Agaton deaths reach 30; 27 missing
2022-04-13
Rescue teams raced against time in search of people missing or feared dead as Agaton, the first major tropical storm to hit the country this year, unleashed heavy rains and deadly landslides in the southern and eastern regions.
State weather bureau Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) said Tropical Storm Agaton (international name: Megi) wa...
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SAVE WHAT YOU CAN | A member of a Philippine Coast Guard rescue team picks up residents fleeing the
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8,241 out of 11.4K pass Bar Exam 2020-2021
2022-04-13
MANILA – A total of 8,241, or 72.28 percent of 11,402 examinees, passed the Bar Examination held in February, the Supreme Court (SC) announced Tuesday.
Of those who passed, 14 obtained excellent grades (higher than 90 percent), representing 0.17 percent of passers, while 761 obtained exemplary grades (85 percent to 90 percent), or 9.23 percent.
This years exam was the first in ...
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8,241 out of 11.4K pass Bar Exam 2020-2021
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DOF pushes adjustment of real estate tax
2022-04-13
MANILA, Philippines — The Department of Finance (DOF) has asked local governments to adjust their real estate taxation as they are losing billions in resources because of outdated valuation of properties.
Finance Secretary Carlos Dominguez said legislating real property valuation reform would allow local governments to collect the right taxes by updating the schedule of market values in...
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DOF pushes adjustment of real estate tax
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DOH logs 1,906 new COVID-19 cases; 428 deaths from April 4 to 10
2022-04-12
etro Manila (CNN Philippines, April 11) — The Department of Health (DOH) recorded 1,906 new COVID-19 infections and 428 fatalities in the week of April 4 to 10.
The agencys weekly bulletin posted Monday showed the daily average for that week was 272 new cases, about 29% lower than the previous week.
Of the 428 deaths, 31 (7.2%) occurred this month, 65 (15.2%) last month, 45 (1...
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The Department of Health (DOH) recorded 1,906 new COVID-19 infections and 428 fatalities in the week
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Oil companies slash fuel pump prices anew
2022-04-12
Another oil price rollback takes effect this week.
Oil firms announced Monday a P1 per liter price reduction for gasoline, P0.35 per liter for diesel, and P3 per liter for kerosene.
The third oil price rollback for the year takes effect Tuesday morning, April 12.
Seaoil, PTT, Shell, Petron, Caltex, Total, Unioil, and Phoenix will implement their price rollback at 6 a.m. ...
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Oil companies slash fuel pump prices anew
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NASAs SpaceX Crew-3 Astronauts to Discuss Mission, Splashdown
2022-04-12
As they prepare to return to Earth later this month, NASA’s SpaceX Crew-3 astronauts will answer media questions about their time aboard the International Space Station during an in-orbit news conference at 1:20 p.m. EDT Friday, April 15.
NASA astronauts Raja Chari, Tom Marshburn, and Kayla Barron, as well as ESA (European Space Agency) astronaut Matthias Maurer, will participate in the...
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Clockwise from bottom, are NASA astronauts Raja Chari, Kayla Barron and Thomas Marshburn with ESA (E
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