How the Philippines’ military advancements compare with its peers in the region

Source: BusinessWorld

Inflation could have soared to as much as 8.2 percent in November due to higher food, electricity and cooking gas prices, the Bangko Sentral ng Pilipinas (BSP) said late on Tuesday...

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The Government is planning to launch a US dollar retail Treasury bond issue in the first quarter of 2023, Finance Secretary Benjamin E. Diokno said on Wednesday...

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Economic growth is unlikely to fall below 7 percent this year but a 6.5-percent result will not come as a surprise, Finance Secretary Benjamin Diokno said on Wednesday...

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A push to extend lowered tariffs on agricultural products will test President Ferdinand Marcos Jr.'s political will, farmers' groups claimed on Wednesday, given his call to prioritize local food production over imports...

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The Bangko Sentral ng Pilipinas (BSP) is not ruling out the possibility that inflation breached eight percent in November as price shocks, including the impact of Severe Tropical Storm Paeng, continued to feed second round effects...

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Securities and Exchange Commission (SEC) Chairman Emilio Benito Aquino said they are still continuing to study about the implementing rules and regulations for digital currencies, especially crypto currencies, and how to execute them...

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The Bureau of Fisheries and Aquatic Resources (BFAR) on Wednesday said it was considering imposing a moratorium on the crackdown of imported frozen fish in wet markets amid criticisms that it was anti-poor...

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Senator Christopher “Bong” Go has renewed his call for the government to stay a step ahead of health threats by creating the Center for Disease Control and Prevention (CDC) and a Medical Reserve Corps...
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The Supreme Court has enjoined Filipino lawyers not to exploit a person’s ignorance” and should not refuse “legal assistance to any person by reason of poverty”...

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The Securities and Exchange Commission deferred the release of the rules on digital assets and coin offerings following the collapse of FTX, one of the world’s biggest cryptocurrency exchanges, a top official said Tuesday night...

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The Bangko Sentral ng Pilipinas (BSP) and the Philippine Payments Management Inc. (PPMI) on Tuesday launched "Bills Pay PH" as part of continuing efforts to digitalize the country's retail payments landscape...
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Besides Myanmar, the Department of Migrant Workers (DMW) is also looking into human trafficking in Cambodia and Laos...
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The Philippines was among the countries that have increased public spending on HIV, according to a United Nations (UN) report, which noted that civic groups played key roles in HIV prevention in some Southeast Asian nations amid a coronavirus pandemic...

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Cash transfers to low- and middle-income countries eased this year, with rising prices taking a toll on migrants' incomes, the World Bank said Wednesday...

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Half the world's democratic countries are experiencing an erosion of democracy, intensified by war in Ukraine and economic crisis, an international think tank said in a report on Wednesday...

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China's ruling Communist Party has vowed to "resolutely crack down on infiltration and sabotage activities by hostile forces," following the largest street demonstrations in decades staged by citizens fed up with strict anti-coronavirus restrictions...
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Policymakers in Asia and Africa voiced growing economic optimism at a Reuters conference on Wednesday, chiming with a rally in emerging markets, an expected slowdown in U.S. rate hikes and an easing of COVID restrictions in China...

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New York and Singapore are jointly the world's most expensive cities after inflation soared this year, an annual survey showed Thursday...

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The number of people in Europe with undiagnosed HIV has risen as testing rates fell during the COVID-19 pandemic, threatening a global goal of ending the disease by 2030, a report said...

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Experts hailed full data Wednesday showing a new drug can slow cognitive decline in Alzheimer's patients, but warned improvements were comparatively small and the treatment can have serious side effects...

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The exceptionally-long La Nina, which has worsened drought and flooding around the globe, is set to continue into February or even March, the United Nations warned Wednesday...
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South Korea's military said it scrambled fighter jets Wednesday as six Russian and two Chinese warplanes entered its air defense zone without notice...

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The world's largest cryptocurrency platform Binance announces its first licence in East Asia with the acquisition of Japan's officially regulated Sakura Exchange BitCoin...

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More cash aid for Filipinos most affected by rising prices of fuel and other commodities is coming as the Department of Budget and Management released P5.2 billion to cover one month worth of funding for the government’s targeted cash transfer (TCT) program...
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The Governance Commission for GOCCs (GCG) launched its series of dialogues with government-owned and -controlled corporations (GOCCs) to address pertinent Compensation and Position Classification System (CPCS) concerns ranging from job grades and step increments to clarifications on its implementation...
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The implementation of a new public security program has resulted in a drop in index crimes in Metro Manila, a ranking official of the National Capital Region Police Office (NCRPO) said...
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Filipino security leaders believe that the use of unregistered devices for hybrid work has the tendency to cause cybersecurity incidents—including malware, phishing, and data leaks—and has in fact cost some organizations as much as $500,000, a recent study conducted by Cisco revealed...
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The majority of Filipinos have expressed appreciation over the work performance of and have given their trust in President Ferdinand R. Marcos Jr., according to OCTA Research’s latest survey...
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Clarity of rules, transparency of the process, and clear role designations are seen to help in improving public-private partnerships (PPPs) and entice more private companies to collaborate in various infrastructure projects...
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Incidence of chickenpox and other viral diseases is rising among school children, a health expert warned the public yesterday...

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The refusal of the Department of Health (DOH) to let the Commission on Audit (COA) examine the government’s purchase of COVID-19 vaccines could be a telltale sign that something was amiss in the procurement program, Senate Minority Leader Aquilino Pimentel III said on Wednesday...
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Congressmen in the bicameral conference committee working on the government’s 2023 budget have been told to restore funds slashed from the National Task Force to End Local Communist Armed Conflict (NTF-Elcac)...

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Some members of the House committee on national defense and security have been going around military field units nationwide this week due to rising anxiety over the new law that sets a fixed term for key officials of the Armed Forces of the Philippines, the Inquirer learned on Wednesday...
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Supreme Court Senior Associate Justice Marvic Leonen has urged law schools to instill reforms and “move away from being elaborate bar review centers.”...

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Money supply expanded in October amid higher bank lending, the Bangko Sentral ng Pilipinas (BSP) said late on Tuesday...
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The North Luzon Expressway (NLEx) operator intends to construct a third highway beside the two 5.3-kilometer viaducts that bridge the Candaba swampland between Bulacan and Pampanga...
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Overseas Filipino Workers (OFWs) who can spare an investment of around $200 could do so through the government’s dollar denominated bonds set to be launched next year, according to the Department of Finance (DOF)...
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A major shipping firm said it is important to take into consideration the needs of both import and export and inter-island trades in solving the country’s shipping and logistics infrastructure woes...
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Credit growth continued to pick up further to hit its fastest pace in almost four years in October amid the country’s stronger-than-expected economic expansion, according to the Bangko Sentral ng Pilipinas...

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For the second straight month, local oil companies jacked up the prices of liquefied petroleum gas (LPG) products effective today, Dec. 1...
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Yes, the economy grew by 7.6 percent in the third quarter of 2022, but the think tank Ibon Foundation said the conditions of ordinary Filipinos have barely even returned to pre-COVID levels...
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Finance Secretary Benjamin Diokno on Wednesday said that the government aims to raise an estimated $3 billion through the issuance of dollar-denominated retail bonds targeting overseas Filipino workers (OFWs)...
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The Philippine Chamber of Commerce and Industry (PCCI) said the issues raised against joining the Regional Comprehensive Economic Partnership (RCEP) should pose no obstacle to participating in the trade deal...

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The Philippines will need to tap emerging technology like green hydrogen to shore up energy security during its transition to green sources of power, an Energy department official said...

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