Philippines ranks 20th world’s most charitable country

Source BusinessWorld

The first proposed full-year budget of the Marcos administration contains a total of P370.16 billion for its flagship infrastructure program, which consists of lump sum amounts and lacks details on how these are to be disbursed...

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The Bangko Sentral ng Pilipinas (BSP) reported on Monday that foreign direct investments (FDI) to the country declined by more than 60 percent in July this year...

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Tourism stakeholders are asking lawmakers to increase the budget of the Department of Tourism (DOT) for 2023 in light of the sector’s massive contributions to the economy...

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New York-based Global Source Partners Inc. expects inflation to remain elevated and to stay above the two to four percent target of the Bangko Sentral ng Pilipinas (BSP) until next year...

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No COVID-19 clusters had been detected in schools since limited in-person classes resumed in August, indicating that infections were not being spread in schools, according to health authorities...

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Following last Friday’s profit taking, share prices resumed their downtrend this week in the absence of market-moving catalysts...

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Nearly one in five young Filipinos have considered ending their life, according to findings of a nationwide survey released by the University of the Philippines Population Institute (UPPI) on Monday...

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The government crackdown on spam text messages and scams is expected to make significant headway after President Ferdinand “Bongbong” R. Marcos Jr. finally signed Republic Act 11934 or the Subscriber Identity Module (SIM) Card Registration Act on Monday...

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Lawmakers on Monday said the days of “nefarious and fraudulent digital activities” aided by SIM are now numbered as President Ferdinand Marcos Jr. signed into law the SIM Registration Act meant to protect Filipino consumers against scammers and identity thieves...

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House leaders on Monday assured President Ferdinand “Bongbong” R. Marcos Jr. of their commitment to pass with dispatch 30 Common Legislative Agenda (CLA) measures, which seek to create jobs, improve the health system and help the country’s economic recovery...

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The Department of Agriculture (DA) has intervened to address the rising red onion prices in the market by imposing a suggested retail price (SRP) of P170 per kilogram on the commodity...

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A bill has been filed in the House of Representatives seeking to increase the minimum base monthly salary of nurses in public medical institutions to P63,997 from P36,619 to encourage more licensed practitioners to stay in the country...

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Alternergy Holdings Corp. (Alternergy) lauded the move by the Department of Energy (DoE) and the Department of Justice to relax the restriction for foreign ownership in the exploration, development and utilization of renewable energy (RE) resources...

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Both chambers of Congress have agreed to pass within the year bills seeking to create the Medical Reserve Corps and revive the military training, Senate President Juan Miguel Zubiri said on Monday...

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Speaker Martin G. Romualdez on Monday assured President Ferdinand Marcos Jr. that the House of Representatives would quickly pass 30 vital measures for job creation, health, and economic recovery to protect the country’s most vulnerable people...

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A neophyte legislator has filed a bill seeking to ensure that every Filipino family has at least one college graduate...

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Senator Nancy Binay has called for the lifting of the One Health Pass (OHP) for COVID-19 amid mounting complaints from travelers over the inconvenience of the screening system...

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It’s been two years since the pandemic catapulted organizations to embrace digitalization, pushing companies to further invest in improving their technological capabilities. With this shift, regional demands in data centers are growing exponentially, particularly with the rise of smart city trends, e-commerce, cashless transactions, the adoption of cloud technology, and the need for faster internet...

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The Philippines strengthens its regional presence in the technology space as the Digital Pilipinas Festival (DPF) takes place on October 17-21, kicking off a month-long celebration of digital adoption in the ASEAN region with the hope of building anti-fragile system. It also supports the growth of the country’s digital economy which is projected to to reach P5 trillion by 2030...

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More than a dozen calves wait at a research farm in New Zealand to be fed Kowbucha, a punnily named probiotic that studies show reduces burps – or methane emissions...

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The Department of Transportation (DOTr) expects to finalize the loan renegotiations with the Chinese government for three massive railway projects within the early parts of 2023, as it aims to strengthen the railway sector as demand for mass transport continues to pick up...

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President Ferdinand R. Marcos, Jr. should thoroughly assess his suggestion to source fuel from Russia for potential consequences on the country’s foreign economic relations and investments, according to a business leader and analysts...

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The Philippines and Indonesia have recently signed guidelines that will eventually pave the way for the foundation on the delimitation of the two countries’ continental shelf boundary...

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The Philippines has expressed its commitment to extend its hands to victims of humanitarian crises, including beefing up its support for the United Nations Office of the High Commissioner for Refugees (UNHCR), as the government noted the importance of people-centered and cohesive humanitarian actions...

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The world has mostly failed to address a "dangerous" increase in inequality in the wake of the Covid pandemic, anti-poverty campaigners Oxfam said Tuesday...

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Inflation has overtaken the coronavirus pandemic as the top concern among Asians, according to a mental health survey..

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North Korea's recent barrage of missile launches were tests of its tactical nuclear weapons to "hit and wipe out" potential South Korean and United States targets, state media reported on Monday, as leader Kim Jong Un signaled he would conduct more provocative tests in the coming weeks...

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The UN General Assembly on Monday will open debate on a draft resolution condemning Russia's annexation of four Ukrainian regions, as Western powers seek to underscore Moscow's international isolation...

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The World Bank said on Monday it is launching a trust fund aimed at pooling public funds to provide grants for projects to reduce carbon emissions, including decommissioning coal-fired power plants...

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U.S. President Joe Biden and Group of Seven (G7) leaders will hold a virtual meeting Tuesday to discuss their commitment to support Ukraine and hold Russian President Vladimir Putin accountable for Russia’s aggression, including its recent missile strikes across Ukraine, the White House said...

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The United Nations General Assembly (UNGA) voted on Monday to reject Russia’s call for the 193-member body to hold a secret ballot later this week on whether to condemn Moscow’s move to annex four partially occupied regions in Ukraine...

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The UN called the debate to discuss the declared annexation of four partly occupied Ukrainian regions by Russia. But the debate was overshadowed by missile strikes on Kyiv and other cities in one of the most punishing assaults on Ukraine in months...

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Explosions on Monday rocked multiple cities across Ukraine, including missile strikes on the capital Kyiv for the first time in months, hours after Russian President Vladimir Putin called a Saturday explosion on the huge bridge connecting Russia to its annexed territory of Crimea a "terrorist act" masterminded by Ukrainian special services...

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Stocks tumbled on Monday as forecast-beating United States jobs data fueled expectations for another big Federal Reserve (Fed) interest rate hike, while traders are now focusing on an upcoming inflation report...

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Attempts by Oxford University researchers and AstraZeneca Plc to create a nasal spray version of their jointly developed COVID-19 shot suffered a setback on Tuesday as initial testing on humans did not yield the desired protection...

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China recorded more than 2,000 Covid cases on Monday, its highest level for a month, as officials imposed new lockdowns and restrictions to stop outbreaks from spreading to the capital ahead of the Communist Party Congress...

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The dollar extended its banner run of 2022 on Monday, pushing higher following the latest solid US jobs data as equities retreated in both New York and Europe...

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The local stock market fell as investor sentiment was weighed down by weaker US bourses last Friday...

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British intelligence believed the Soviet Union tried to use a London osteopath embroiled in a Cold War sex and spy scandal as an intermediary during the Cuban missile crisis, previously secret papers revealed on Tuesday...

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The Department of Information and Communications Technology (DICT) needs P3 billion to deploy Internet connectivity in 5,000 locations nationwide under the National Broadband Plan (NBP)...

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The Department of Energy (DOE) expects 17 yellow and three red alert warnings in May and June next year, mainly on account of thin power reserves in the Luzon grid...

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Executive Secretary Lucas P. Bersamin has extended the term of all the coterminous officials and personnel in the Office of the President (OP) until the end of the year...

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During a forum hosted by the Economic Journalists Association of the Philippines (Ejap), Transportation Secretary Jaime J. Bautista said the government is moving towards completing nine regional airports across the country to improve air connectivity...

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Officials and employees in the Office of the President whose appointments were coterminous with the previous appointing authority have been authorized to serve until the end of the year...

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At least 30 organizations comprising different business groups, trade unions and private sector associations are backing the privatization of the Edsa busway system, urging immediate changes in ownership and control of one of Metro Manila’s most used public transportation systems...

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The Department of Information and Communications Technology (DICT) is looking at partnering with private companies for fiber connectivity projects in rural communities...

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Leaders of congress on Monday agreed to approve 30 bills identified as priorities of the Marcos administration, including the amendments to the Build-Operate-Transfer (BOT) Law and the National Government rightsizing program...

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The Transportation department said on Monday that the government will conduct a feasibility study to evaluate a privatization proposal put forward by the business community for the bus system plying Epifanio de los Santos Avenue (EDSA)...

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The priority measures enumerated by President Marcos during his inaugural State of the Nation Address (SONA) were tackled yesterday during the first meeting of the Legislative-Executive Development Advisory Council (LEDAC) under his administration...

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Daily COVID-19 cases nationwide could breach 8,000 by the end of October due to declining compliance with minimum public health standards (MPHS), according to the Department of Health (DOH)...

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A five-hectare lot in New Clark City has been identified by the Bases Conversion and Development Authority (BCDA) as the site of the proposed Virology Science and Technology Institute of the Philippines (VIP)...

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The Commission on Elections (Comelec) en bank on Monday upheld the ruling of the First Division junking a petition to disqualify President Ferdinand "Bongbong" Marcos Jr...

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Allies of detained former Sen. Leila de Lima are questioning the circumstances of her being held hostage on Sunday, as the government continues to take steps in response to that incident—including the relief of the commander of the Philippine National Police Custodial Center where the former lawmaker has been detained...

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The Land Transportation Office (LTO) will investigate how even rundown vehicles manage to get registered, its chief, Teofilo Guadiz III, said in a statement issued on Monday...

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The Association of Service Providers and POGOs (ASPAP) on Monday claimed that more than 23,000 Filipinos would lose their jobs if Philippine Offshore Gaming Operations would be compelled to close shop...

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The Department of Transportation (DOTr) aims to complete several regional airport projects worth P1 trillion by next year.

Transportation Secretary Jaime Bautista said these ongoing airport projects include the construction and enhancement of Tuguegarao Airport, San Vicente Airport, Tacloban airport, Antique airport, Bacolod-Silay Airport, Catbalogan Airport, Davao International Airport, M’lang Airport, Sanga-Sanga Airport and Ozamiz Airport...

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The Philippine peso closed weaker again at P59 to a United States dollar on Monday and touched the P59.98 level at intraday, according to Bankers Association of the Philippines data...

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The Philippines has enough fuel and power supply for the rest of the year, Energy Secretary Raphael Lotilla assured on Monday...

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The Department of Transportation (DoTr) has restarted loan negotiations for the three Chinese-funded railway projects and hopes negotiations will be finalized early next year...

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Even as oil companies prepare to impose a hefty increase in pump prices, Manila Electric Co. (Meralco) announced on Monday a decrease in power rates...

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Bakers are asking the government for a 10-percent price hike for Pinoy Tasty and Pinoy Pandesal to cover increases in flour prices alone, saying they are already selling “at a loss” and are expecting a five-percent decline in sales this year...

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