Manila drops in Global Cities Index

Source BusinessWorld

President Ferdinand Marcos Jr. on Monday said a state of national calamity was not necessary as the damage caused by Severe Tropical Storm Paeng (international name: Nalgae) was not extensive and was “highly localized.”...

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At least three million persons have been affected by Severe Tropical Storm “Paeng,” the Department of Social Welfare and Development (DSWD) said Tuesday...

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Although daily COVID-19 infections nationwide have been going down in the past few days, a public health reform advocate has warned that the trend may be reversed starting this month until December by the new masking rule, increased mobility during “Undas” and crowding at evacuation centers due to Severe Tropical Storm “Paeng” (international name: Nalgae)...

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Payment solution providers said enterprises in the Philippines are increasingly accepting cashless payments, and this trend is expected to continue...

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Damage to agriculture and infrastructure from severe tropical storm “Paeng” ballooned to over P2 billion, the National Disaster Risk Reduction and Management Council (NDRRMC) said Tuesday, as its death toll has climbed to 112...

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Inflation could have hit a year high of 7.1-7.9 percent last month but is seen to slow for the rest of the year, the Bangko Sentral ng Pilipinas (BSP) said on Monday...

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The Department of Health (DOH) on Monday recorded 1,099 new COVID-19 cases, bringing the nationwide tally to 4,004,465. Data from the DOH showed that there are 20,227 active COVID cases...

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With the high global demand for Filipino nurses seen to continue, the Department of Migrant Workers (DMW) wants to ease the current deployment cap for health care workers (HCWs) in the coming year...

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Wearing a mask in classrooms will be optional, the Department of Education (DepEd) announced on Tuesday, just a day before the full implementation of in-person classes...

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Trade Secretary Fred Pascual pushed for the renewal of preferential tariff enjoyed by Filipino exporters under the European Union’s Generalized Scheme of Preferences Plus...

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The Department of Trade and Industry (DTI) once again reminded the business establishments in areas under state of calamity that there will be price freeze on basic necessities after Tropical Storm Paeng ravaged these areas...

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Lawmakers on Tuesday renewed calls to fast-track the passage of bills that are seen to help mitigate the impact of changing weather patterns, including measures on land use and the creation of a department on disaster management...

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Robinsons Land Corp. (RLC) will further cement its position as the largest solar-powered mall operator in the country as it looks to install solar panels in more of its malls next year...

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The partnership between the Philippines and China on the exportation of durian from Davao has finally started...

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A new set of highly detailed photographs of China’s man-made islands in the Spratly Islands in the South China Sea captures the scale of its military buildup on these far-flung rocks and reefs, some of them located within the Philippines’ exclusive economic zone...

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Japan expressed readiness to provide aid to the Philippines which was battered by Severe Tropical Storm Paeng...

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The Asian Development Bank (ADB) announced it has adopted a comprehensive reform road map, which features a new operating model, in order to hasten its transformation and more effectively serve the rapidly changing needs of its developing member countries in the Asia-Pacific region...

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Saudi Aramco on Tuesday posted a 39-percent annual increase in its third-quarter income on higher oil prices that resulted largely from Russia's invasion of Ukraine...

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New Twitter head Elon Musk said Tuesday the site will charge $8 per month to verify users' accounts, arguing the plan would upend the platform's "current lords & peasants system" and create a new revenue stream for the company...

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South Korea's police chief said on Tuesday that officers had received multiple urgent reports of danger ahead of a deadly crowd crush at a Halloween event, but their handling of them was "insufficient."...

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An international team of astronomers on Monday announced the discovery of a large asteroid whose orbit crosses that of Earth, creating a small chance far in the future of a catastrophic collision...

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Pope Francis could help reduce global carbon emissions by urging Catholics to return to not eating meat on Fridays, UK researchers said on Tuesday...

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Japan will spend $260 billion on a stimulus package to cushion the economy from the impact of inflation and the weak yen, Prime Minister Fumio Kishida has announced...

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China’s “sharp and uncharacteristic” economic slowdown is expected to drag on growth across Asia through the end of next year, the International Monetary Fund (IMF) has warned, darkening an already gloomy global outlook...

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After South Korean officials concede that there were errors in crowd control on Halloween, AFP uses official data, media reports and eyewitness testimony to examine the timeline of the disaster that left 156 people dead...

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Oil prices rose more than 1 percent on Tuesday, paring losses from the previous session, as a weaker U.S. dollar offset widening COVID-19 curbs in China that have stoked fears of slowing fuel demand in the world’s second-largest oil consumer...

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Russian-installed officials in Ukraine’s Kherson region said Monday they would start evacuating citizens from the eastern bank of the Dnipro River, repeating claims rejected by Kyiv that Ukraine could be preparing to attack the Kakhovka dam and flood the region...

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Russia is not ending its participation in a deal to export much-needed Ukrainian grain through Black Sea ports but rather is suspending it, President Vladimir Putin said on Monday...

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Asia's factories slumped in October as global demand for merchandise goods made in the region continues to weaken...

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Central banks should consider digital currencies which could improve financial inclusion efforts in countries, according to the Asian Development Bank (ADB)...

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There will be no more wastage of food packs for survivors of calamities, the Department of Social Welfare and Development (DSWD) said on Tuesday, citing audit reports that its relief goods last year either left to spoil or were destroyed by pests...

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More deaths have been recorded due to landslides and flooding triggered by the heavy rainfall brought by Severe Tropical Storm “Paeng” (international name: Nalgae), raising the number of fatalities nationwide to 112, the National Disaster Risk Reduction and Management Council (NDRRMC) said on Tuesday...

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President Ferdinand Marcos Jr. on Monday said trees should be planted in the denuded uplands of the two Maguindanao provinces to prevent a repeat of last week’s deadly landslides after seeing for himself what environmentalists for years had been warning the government on what would happen not only in Mindanao but also in other parts of the country...

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As world leaders gather next week to take action against climate crisis, the country’s former chief climate negotiator called on young people to take the lead in combating climate disinformation and correcting “decades of neglect” on critical issues affecting the planet...

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“Cybersecurity must be treated as a matter of national security,” Dindo Manhit, president of Stratbase Albert del Rosario Institute, said at a recent forum that the institute organized in partnership with the US Embassy in the Philippines...

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The Philippine Navy will no longer turn BRP Rajah Humabon, which was decommissioned in 2018, into a museum...

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President Ferdinand "Bongbong" Marcos Jr. on Tuesday urged local government units (LGUs) and the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) to have closer coordination and have more joint projects for the easier facilitation of government aid in times of disasters and calamities...

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President Ferdinand “Bongbong” R. Marcos Jr. said deforestation worsened the flash floods and landslides in Maguindanao when it was hit by tropical storm “Paeng” (international name Nalgae) during the weekend, leaving over 60 people dead in the southern province...

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Remittance inflows to developing Asian countries from overseas workers are expected to continue to grow this year, while deployment of migrant workers from the region disrupted by restrictions imposed due to COVID-19 is expected to return to pre-pandemic levels amid the resumption of economic activities, the Asian Development Bank (ADB) said...

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Palay (unmilled rice) and corn output could have increased in the third quarter from a year earlier, the Philippine Statistics Authority (PSA) said last week...

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Domestic liquidity (M3) fell in September from a month earlier even as bank lending increased, Bangko Sentral ng Pilipinas (BSP) data released last week showed...

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For the second straight week, oil companies implemented another meager rollback in local pump prices...

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Oil companies raised the price of liquefied petroleum gas (LPG) or cooking gas by P3.50 to P3.55 per kilo, equivalent to P38.50 to P39.05 per 11-kilo tank to reflect the higher contract price of LPG in the world market...

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The country’s palay production in the third quarter could have settled at 3.83 million metric tons (MMT), 2.2 percent higher than the 3.75 MMT last year, according to the Philippine Statistics Authority (PSA)...

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Domestic claims of nonbank financial firms rose in the second quarter of 2022, according to the Bangko Sentral ng Pilipinas (BSP)...

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The number of young Filipino investors has been growing since the coronavirus pandemic as they now recognize the importance of ensuring they can meet their future financial needs, Manulife Investment Management and Trust Corp. (Manulife IM Philippines) said...

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A bill that seeks to regulate video games could provide a new source of revenue for the government, according to economists...

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