Cash remittances up for 7th straight month in August

By Jenina P. Ibañez, Reporter   Money sent home by overseas Filipino workers (OFWs) increased for the seventh straight month as more host economies with high vaccination rates reopened.  Cash remittances rose 5.1% to $2.609 billion in August from $2.483 billion a year earlier, based on data released by the Bangko Sentral ng Pilipinas (BSP) on Friday.  “The growth […]

Mazda Production and Sales Results for August 2021

TOKYO, Sep 30, 2021 – (JCN Newswire via SEAPRWire.com) – Mazda Motor Corporation’s production and sales results for August 2021 are summarized below. I. Production 1. Domestic ProductionMazda’s domestic production volume in August 2021 decreased 53.7% year on year due to decreased production of passenger and commercial vehicles. [Domestic production of key models in August […]

GOCC subsidies climb in August

SUBSIDIES extended to government-owned firms rose 747% year on year to P42.35 billion in August, led by the increased budgetary support provided to the Philippine Health Insurance Corp. (PhilHealth), the Bureau of the Treasury (BTr) reported. The BTr said government-owned and -controlled corporations (GOCCs) subsidies were also much higher compared with the P6.08 billion recorded […]

Peso drops vs dollar on weak PMI 

THE PESO weakened versus the greenback on Wednesday following the release of data showing weak manufacturing activity and the country’s rising debt stock.  The local unit closed at P50.07 per dollar yesterday, shedding 31 centavos from its P49.76 finish on Tuesday, data from the Bankers Association of the Philippines showed.  The peso opened Wednesday’s session […]

EXPLAINER: Disaster management chief Nagiel Banacia, citing odds against curbing Covid, admits use of scare tactics in Lapu-Lapu. From no-vaccine-no-entry ruse to signals of ‘feeling hopeless, drained,’ to images of death.

WARNINGS. The post Sunday, August 8 on the Facebook page of Lapu-Lapu City disaster management chief Nagiel B. Banacia had little variation from the same theme it has drummed into the public mind in the past two weeks: the threat of Covid and the reality of death. The first line said: “There is so much […]