ISTANBUL – Russia’s war against Ukraine, which has now hit 500 days, has inflicted a huge economic effect on both and other countries due to fluctuating commodity prices. During the 500 days, Russia increased military expenses and saw difficulties especially related to embargoes and trade bans from Western countries. Russian Central Bank reserves, worth 300 billion euros (US$326.6 billion), was blocked…
By Severino Samonte MANILA – Asian journalists must report events relevant to the Asian region and broaden their information horizons beyond the traditional sphere dominated by the major Western news agencies. This was among the main objectives of the three news agencies of the Association of Southeast Asian Nations (ASEAN) when they agreed to launch a…
MANILA – Department of Trade and Industry (DTI) Secretary Alfredo Pascual on Monday said his agency’s recent three-week European trip for an investment roadshow has fetched prospects amounting to PHP73 billion. In a briefing with trade reporters in Makati City, Pascual said these positive investment leads came from 16 projects out of 48 that were conveyed…
Bangko Sentral ng Pilipinas (BSP) records show that the Philippines’ foreign direct investments (FDIs) inflow has risen anew to US$876 million in April this year. The figure is higher than the US$548 million FDI net inflows last March but 14.1 percent lower than US$1 billion net inflows last year.The bulk of the investments amounting to US$663 million are placements in debt instruments. BSP records also show…
The Philippine Economic Zone Authority (PEZA) on Monday has approved projects costing P198.8 billion during the first year of the Marcos administration. In its recent report, PEZA said these investment pledges came from 206 projects that registered with the agency from July 2022 to June 2023. Of the 206 projects, 11 were big-ticket ones with capital of at least P1 billion….
ARRESTED. The two members of the Albay Provincial Police Office who were shot and killed by motorcycle-riding suspects in Oas, Albay on Sunday night (July 9, 2023). The suspects were arrested during a pursuit operation shortly after the attack. (Infographic courtesy of PRO5) LEGAZPI CITY – Two suspects who shot and killed two members of the Albay Provincial…
LAOAG CITY – Ilocos Norte plans to conduct a province-wide assessment of land uses to determine potential areas for agro-industrial prospects with environmental development and investments. Lawyer Pancho Jose, chief of staff of Governor Matthew Joseph Manotoc and agriculture project consultant, said Monday the study will be a cost-sharing project of the Ilocos Norte government, in collaboration with the…
LINGAYEN, Pangasinan – The Sangguniang Panlalawigan (SP) of Pangasinan has unanimously approved a resolution authorizing Gov. Ramon Guico III to enter into and sign a joint venture agreement and tollway concession agreement with San Miguel Holdings Corporation for the implementation of the Pangasinan Link Expressway (PLEX) project phase one. The resolution was approved after a Notice of Award…
By Zorayda Tecson CITY OF SAN FERNANDO, Pampanga – The Bureau of Fisheries and Aquatic Resources-Central Luzon (BFAR-3) has distributed recently seaweed seedlings to an indigenous community in San Luis, Aurora in a bid to boost their livelihood and income. BFAR Regional Director Wilfredo Cruz said Monday some 700 kilograms of seaweed seedlings produced by the BFAR Technology Outreach Station…
PUERTO PRINCESA CITY, Palawan — The Western Command (Wescom) concluded a two-day Mobilization Exercise (MOBEX) over the weekend, involving approximately 300 military reservists in Palawan and other provinces. The exercise was designed to ensure the reservists’ readiness and capability to contribute effectively in joint military operations, Naval Forces West (NFW) commander, Commodore Allan Javier, said on Sunday afternoon at the…
