‘Hot money’ flows turn net positive in 2022

FOREIGN portolio investment funds entering the Philippines outweighed those exiting in 2022, the Bangko Sentral ng Pilipinas (BSP) said on Thursday, representing a turnaround from the net outflow posted in 2021. Foreign portfolio investments registered with the central bank through authorized agent banks (AABs) posted a net inflow balance of $886.7 million last year, against […]

Marcos backing for RCEP premature, think tank says

PRESIDENT Ferdinand R. Marcos, Jr.’s declaration of support for the Regional Comprehensive Economic Partnership (RCEP) is premature pending the resolution of the agriculture industry remaining unresolved, a think tank said. Policy research group Focus on the Global South said that the RCEP agreement is awaiting the Senate’s concurrence, where the trade deal is being studied […]

Mastering Wind Power Online Workshop is Back by Popular Demand

Singapore, Jan 26, 2023 – (ACN Newswire via SEAPRWire.com) – Infocus International Group, a global business intelligence provider of strategic information and professional services, has announced the new dates for Mastering Wind Power training and it will be commencing live on the 20th of February 2023. Attendees will gain an excellent understanding of all the […]

Search continues for missing plane with 6 on board; Air Force plane crash kills 2 

THE CIVIL Aviation Authority of the Philippines (CAAP) said a Cessna single-engined general aviation aircraft went missing after departing Cauayan Airport in Isabela on Tuesday afternoon.   RPC1174, a Cessna 206 type aircraft, took off from the Cauayan Airport at 02:15 p.m. on Jan. 24 and was expected to arrive at an airport in Maconacon, Isabela […]

Peso weakens vs the dollar as UK, euro zone data spark recession fears

THE PESO weakened against the dollar on Wednesday amid weaker manufacturing data in Europe that roused fears of a global recession. The local currency closed at P54.63 versus the greenback on Wednesday, dropping by 19.5 centavos from Tuesday’s P54.435 finish, data from the Bankers Association of the Philippines showed. The peso opened Wednesday’s trading session […]

Infocus International Brings Back Public-Private Partnerships In-Person Course in Singapore

Singapore, Jan 25, 2023 – (ACN Newswire via SEAPRWire.com) – The Public-Private Partnership (PPP) workshop is back for 2023 in Singapore. Infocus International is delighted to bring one of their best events to professionals from all around the world and it will be commencing on 6th February 2023 in Singapore. We need new infrastructure. Roads, […]

Rain mars festivities

THE sudden downpour and strong gust of wind temporarily halted the ritual showdown of the Sinulog sa Carmen but festivities continued as weather conditions later improved on Sunday afternoon, Jan. 22, 2023. Organizers decided to pause the performances around 3 p.m. for the safety of the dancers. Despite the challenges, the ritual showdown that featured […]

Marcos gets pledges in Davos but investment analysts unimpressed

By Kyle Aristophere T. Atienza, Reporter PHILIPPINE President Ferdinand R. Marcos, Jr. has secured investment commitments from at least two foreign companies during his trip to Switzerland, according to the presidential palace. But investment analysts were unimpressed, saying these commitments were insignificant and could be had without a foreign trip. New York-based investment firm Morgan […]

Rex Fuels & Solvex Global Conference 2023: Bitumen, Petrochemicals & Petro-Products

DUBAI, UAE, Jan 19, 2023 – (ACN Newswire via SEAPRWire.com) – India is the fastest growing major economy in the world. In an era of global economic headwinds, India’s petroleum products consumption recorded a growth of 5.1% in FY 2021-22. It is projected to grow at 11% in the FY 2022-23. Bitumen, Petrochemicals and Base […]

Peso slips on weak US data

THE PESO slipped against the dollar on Thursday as weaker economic data from the United States fueled recession fears. The local unit closed at P54.63 per dollar on Thursday, inching down by a centavo from Wednesday’s P54.62 finish, data from the Bankers Association of the Philippines’ website showed. The peso opened Thursday’s session at P54.70 […]

Police told to stop ‘victim blaming’

SYMPATHIZERS of two activists who were abducted last Jan. 10, 2023 by supposed government agents are calling on the Police Regional Office-Central Visayas (PRO 7) to refrain from redirecting the blame on the victims. In a statement, Karapatan-Central Visayas spokesperson Dennis Abarrientos condemned the police for putting the blame on activists Armand Jake Dayoha and […]

DoJ rejects Bantag’s motion to inhibit prosecutors from murder complaint  

THE DEPARTMENT of Justice (DoJ) has rejected the motion of suspended Bureau of Corrections director Gerald Q. Bantag that sought the inhibition of the Justice secretary and DoJ prosecutors from his murder complaint over the death of a local broadcaster.  In a resolution on Wednesday, a panel of DoJ prosecutors said it had jurisdiction over […]

Peso weakens on China GDP data

THE PESO declined against the dollar on Tuesday as economic growth in China was stronger than expected in the fourth quarter, boosting the greenback and global oil prices. The local currency closed at P54.82 versus the greenback on Tuesday, declining by 24.50 centavos from Monday’s P54.575 finish, data from the Bankers Association of the Philippines […]

MMDA returns P1.2-B unauthorized WiFi fund from DICT — solon 

THE METRO Manila Development Authority (MMDA) has returned a P1.2-billion fund it received from the Department of Information and Communications Technology (DICT) without the necessary approvals, a lawmaker said on Monday.  Senior Deputy Minority Leader Paul R. Daza, who was one of the lawmakers present in the House investigation on the alleged illegal transfer of […]