S&P Global Ratings slightly revised its 2024 economic growth forecast for the Philippines to 5.9 percent from its earlier estimate of six percent, on continuing headwinds from last year’s high inflation and low investments, but said the country will perform relatively well versus regional peers. For 2025, the credit rating …
Read More »Survey shows Cha-cha still ‘unpopular’ with Filipinos — Senate leaders
Protesta laban sa Charter Change sa labas ng Kamara ngayong Marso 2024 (Release / Bagong Alyansang Makabayan) MANILA, Philippines — A survey that found nearly nine out of 10 Filipinos oppose changing the Constitution at this time is a “true eye opener” and a sign not to rush Charter change …
Read More »PSA: Human-induced disasters lead to P5 billion cost in 2023
At a Glance Human-induced disasters cost the country around P9.29 billion last year. Of this amount, P4.93 billion or 53.1 percent was due to oil spill, the Philippine Statistics Authority reported. There were 448 occurrences of human-induced disasters last year, most of which were due to fire-related incidents, armed-conflict incidents, …
Read More »BI deports two Japanese linked to ‘Luffy’ gang
THE Bureau of Immigration (BI) has deported two Japanese nationals linked to the infamous ‘Luffy’ gang to subsequently face charges of large-scale fraud and other criminal charges in Japan. The deportees, Sugano Kazushi and Shimoeda Saito, boarded yesterday a Japan Airlines flight to Tokyo. Kazushi and Saito were sent home …
Read More »NFA steps up palay procurement operations
THE National Food Authority (NFA) is boosting its palay procurement operations with an eye on at least 300,000 metric tons this year pursuant to its buffer stocking policy to be able to meet increased demands during the lean months and in times of calamities. The agency said since Sept. 20 …
Read More »‘Danger’ level heat index seen in 15 areas Thursday, 17 areas Friday
SCORCHING HOT. The Philippine Atmospheric, Geophysical and Astronomical Services Administration says 15 areas, including Metro Manila, in the country may experience “danger” level heat index on Maundy Thursday (March 28, 2024). People were advised to drink plenty of water and avoid prolonged exposure from the heat. (PNA file photo) MANILA – Fifteen areas …
Read More »4 Ontario school boards sue Facebook, Instagram, Snapchat and TikTok
Four major school boards in Ontario are taking several social media giants to court, alleging their products Facebook, Instagram, Snapchat and TikTok are harming students and disrupting the education system. Boards call for companies to ‘remediate’ costs and ‘redesign’ TikTok, Facebook, Instagram and Snapchat. Four major Ontario school boards are …
Read More »Federal government promising a ‘renters’ bill of rights’ in upcoming budget
Prime Minister Justin Trudeau announced that his government will introduce new measures — including a new “bill of rights” — that he says will help protect those who rent their homes as part of the upcoming budget. Trudeau expected to make more pre-budget announcements in coming weeks/ Prime Minister Justin …
Read More »A settlement in a U.S. lawsuit could upend the cornerstone of real estate industry: commissions
A landmark deal in the U.S. may lead to enormous changes in how real estate agents are paid. In Canada, two lawsuits filed against various real estate bodies want the courts to come to the same conclusion and force wholesale change in the way Realtors charge their fees. 2 lawsuits …
Read More »Canada is still backing the fossil fuel industry with billions, report finds
A new report says the federal government is providing billions of dollars in financial support for the fossil fuel industry, despite measures announced last year to limit subsidies. Advocacy group says findings show government is ‘failing litmus test’ when it comes to helping transition. A new report says the federal …
Read More »