The Cost of the 500-day Russia – Ukraine War

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…

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ANEX: The ASEAN News Exchange

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…

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PH net FDIs climb anew to US$876M in April

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…

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Land use study pushed to promote agri, investments 

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…

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Pangasinan Link Expressway 1 gets Prov’l Board’s nod

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…

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Aurora Indigenous fishers get BFAR seaweed seedlings

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…

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