Nearly 6% of Filipinos considered’ multidimensionally’ poor

Source BusinessWorld

The Philippines is expected to record over two million tourist arrivals by the end of the year, putting it on track to return to pre-pandemic levels by 2024, the Tourism Congress of the Philippines (TCP) said on Monday...

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Filipinos abroad sent $2.72 billion in cash remittances in August, according to the latest data from the Bangko Sentral ng Pilipinas (BSP)...

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The high prices of petroleum products as well as the elevated inflation have made it difficult for Filipino workers to make ends meet, despite the minimum wage hike that took effect on June 1, according to a local think-tank...

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Despite a shortage of classrooms and reported COVID-19 cases among students, all public schools will start full in-person classes as originally planned on Nov. 2, while private schools can continue blended and full distance learning beyond that date, the Department of Education (DepEd) announced on Monday...

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Quezon City retained its title as the country’s wealthiest local government in 2021. According to the annual financial report released by the Commission on Audit (COA), the city reported total assets of P451 billion, which is a billion less than P452 billion in 2020...

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After a thorough investigation, the Philippine Tariff Commission has denied the appeal of local cement manufacturers to extend customs duty on imported cement...

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While all public schools across the country will be mandated to implement five day in-person classes starting November 2, 2022, the Department of Education (DepEd) will leave the discussion on the learning modality to be implemented by private education institutions to the schools, the parents/guardians, and the learners...

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A party-list group is pushing for the passage of a measure encouraging more students to take agriculture, forestry, and fisheries degree programs with support from the government and empower them to be “agripreneurs” scholars...

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Election lawyer Romulo Macalintal filed a petition before the Supreme Court (SC) on Monday seeking to declare as unconstitutional Republic Act 11935 that was signed into law last October 10, 2022 by President Ferdinand R. Marcos Jr., postponing the Barangay and Sangguniang Kabataan Elections (BSKE) from December this year to October 2023...

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The Department of Trade and Industry (DTI) reported a 92 percent suggested retail price (SRP) compliance rate in four cities in the National Capital Region after conducting inspections recently...

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Over 30 business groups have expressed support for the Anti-Red Tape Authority amid calls from the Office of the Ombudsman for ARTA’s abolition...

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In today’s dynamic labor market, companies must have a competitive compensation package to retain high-performing employees, attract new talents, and align the interests of the employees with the strategic goals of the company. This is why equity-based compensation is an integral part of the remuneration model of many companies...

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The Supreme Court has been asked to declare as unconstitutional Republic Act No. 11935 postponing the holding of barangay and Sangguniang Kabataan elections (BSKE) from December this year to October 2023...

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The Credit Card Association of the Philippines, an organization of 17 major credit card companies, said Monday it expects the new law mandating the registration of subscriber identity module or SIM cards to help curb credit card fraud and expedite digitalization in the country...

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October is World Mental Health Month, a reminder that we all need to raise awareness of mental health issues around the world and increase efforts to make mental health care more accessible...

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The International Labor Organization (ILO) is pushing to mainstream international data techniques to help the government reliably forecast skills surplus and shortages amid ongoing “disruptive” occurrences in the local workforce...

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Coming from his first Asean Transport Ministers Meeting over the weekend, Department of Transportation (DOTr) Secretary Jaime Bautista reaffirmed the commitment of the Philippines to work with other Southeast Asian nations to “push for transport initiatives seen to benefit each member states.”...

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The United States will "not dictate" how the Philippines should modernize its armed forces, US Ambassador to Manila MaryKay Carlson said on Monday...

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The Philippine government should continue to work to ensure that Filipino fisherfolk would have unhindered access to Panatag (Scarborough) Shoal, according to a maritime law expert...

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Foreign tourists are trooping to Thailand, Bali, and our other Asian neighbors because of their easier entry requirements, according to a group of business owners on Boracay Island...

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Norfund, an investment fund based in Norway, is looking at investing in renewable energy projects in the Philippines, which it now considers its “most important market” because of the country’s impact on improving climate initiatives...

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The United States is already working on granting the Philippines $100 million to bankroll the modernization program of the Armed Forces...

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The United States wants to enhance joint maritime defense activities with the Philippines to keep the waters “safe,” the US Embassy in Manila said on Monday...

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The Philippines has signed the world’s first inter-region aviation cooperation agreement, signifying its commitment to strengthening air connectivity and economic development among the 37 member-states of the Asean and the European Union (EU)...

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(Last of two parts)

Free school meals are a staple in Finland, a country widely recognized for having one of the best educational models in the world, as authorities believe that ”a hungry child is less likely to concentrate and more likely to drop out of school."...

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The United States said Monday that President Xi Jinping was leading China in a more "aggressive" direction but renewed eagerness to cooperate on shared interests as he prepares for a historic third term...

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After a week hosting the International Monetary Fund’s annual gathering of economic leaders, Managing Director Kristalina Georgieva summed it up for the 190 member countries: “Buckle up, and keep going.”...

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Countries must ensure that social benefits and wages rise with inflation, otherwise people could starve or freeze in their homes, the United Nations' poverty expert insisted on Monday...

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The Bill and Melinda Gates Foundation says it will commit $1.2 billion to the effort to end polio worldwide. The money will be used to help implement the Global Polio Eradication Initiative's strategy through 2026...

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Foreign bank units have been accumulating cash reserves at the Federal Reserve, likely reflecting concerns that a dollar funding crunch could be looming as the U.S. central bank reduces its balance sheet and global economies face recession risks...

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Britain’s Prime Minister Liz Truss apologized for “mistakes” in her program that caused investor confidence to evaporate and her poll ratings to plunge before nearly all of it was finally shredded on Monday, but said she would not step down...

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The Department of Trade and Industry (DTI) said it has ordered 51 retail firms to submit a written explanation for selling overpriced basic necessities and prime commodities (BNPCs)...

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Local agriculture leaders, millers and the National Food Authority (NFA) on Monday forged an agreement to purchase 7.5 million metric tons of palay from local farmers at a higher farm-gate price between P19 a kilo to P20 a kilo...

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President Ferdinand Marcos Jr. appointed on Monday his wedding godson, film and television director Paul Soriano, as presidential adviser on creative communications...

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Farmers and fisherfolk marked World Food Day on Monday by urging President Marcos to address hunger by rejecting all reclamation activities on Manila Bay and to stave off inflation...

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Customs officials have seized P228 million worth of smuggled sugar at Manila International Container Port (MICP) after the consignee failed to present an import clearance from the Sugar Regulatory Administration (SRA)...

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The Department of Agriculture (DA) has asked importers to commit their sugar allocation to be sold through government at P70 per kilogram...

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Public schools may soon do away with the 50 minutes of students' native language as a subject in classes subject to finalization of the plans, the Department of Education told senators Monday...

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Typhoon Neneng (international name: Nesat) has affected 103,662 individuals, according to the latest report from the National Disaster Risk Reduction and Management Council (NDRRMC) on Tuesday...

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Over 30 private and business groups are appealing to the Office of the Ombudsman to work with the Anti-Red Tape Authority (ARTA) to improve government services...

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Albay Rep. Edcel Lagman said on Monday that home visits conducted by the police on journalists were reminiscent of “Oplan Tokhang” in the war on drugs, describing them as “veiled harassment” against media practitioners...

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COVID-19 testing laboratories detected an average 2,188 daily cases in the past week, slightly up from the 2,048 recorded in the previous week, according to the Department of Health (DOH)...

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The constitutionality of the law postponing the barangay and Sangguniang Kabataan elections (BSKE) was challenged in the Supreme Court on Monday...

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A public policy think tank is reminding the government to take into consideration the plight of commuters in the feasibility study it is conducting in connection with the possible privatization of the EDSA Busway System...

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The country could become a cashless society earlier than expected because of the increase in the use of digital payment schemes during the pandemic, according to the latest study of Visa Philippines...

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Pump prices are on the rise again, oil firms announced Monday...

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Sustained double-digit growth rates for credit card billings and receivables are adding to signs that the Philippine economy is getting back to prepandemic levels, with the industry still having wide space for further growth, according to the Bangko Sentral ng Pilipinas (BSP)...

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The Philippine peso closed at P59 against the United States dollar on Monday...

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The Contact Center Association of the Philippines (CCAP) is confident it will hit its revenue growth target this year, on the back of stronger demand for voice and back-office business processing...

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The Philippine central bank is increasingly likely to deliver another 75-basis-point (bp) rate increase in November, economists said...

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The Philippine stock market advanced yesterday, with the benchmark Philippine Stock Exchange Composite index (PSEi) closing 65.58 points or 1.11 percent higher at 5,970.33...

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The soured loans of credit card issuers improved to 5.7 percent in end-July after peaking at 10.1 percent during the height of the COVID lockdowns in November 2020, according to the Bangko Sentral ng Pilipinas...

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Stocks rose Monday, bucking the trend in other markets, ahead of the release of third-quarter corporate earnings and following reports that remittances continued to post solid growth...

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Social media platform LYKA has sought the intercession of President Ferdinand Marcos Jr. so that it can operate in the Philippines again...

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