The Department of Tourism (DOT) has expressed elation over the recorded breach in international visitor arrivals in the first five months of 2023, surpassing last year’s baseline target. DOT’s latest data show the country has recorded a total of 2,002,304 international visitor arrivals from January 1 to May 12 this year. The figure exceeded the entire 2202…
DAEGU, South Korea – A local court issued a warrant Sunday for the arrest of a passenger who opened an emergency exit door on board an Asiana Airlines flight right before landing in the southeastern city of Daegu last week. The 33-year-old man, only identified by his surname Lee, was detained by police Friday on suspicions of opening the door…
By Ma. Cristina Arayata The Department of Science and Technology – Philippine Textile Research Institute (DOST-PTRI) is coordinating with the Lagpan Upland Farming Association, an upland farmers association in Mangatarem, Pangasinan, to help its members establish a silk cocoon production hub in the province. The Lagpan Upland Farming Association Inc. reached out to the PTRI through the help of one…
The Philippine government and the Japan International Cooperation Agency (JICA) have recently signed the JPY17.4-billion (US$130 million) Metro Rail Transit (MRT) Line 3 Rehabilitation Project (II) loan agreement. The aaccord was signed by Department of Finance (DOF) Secretary Benjamin Diokno and JICA chief representative in the Philippines Sakamoto Takema at the DOF office in Manila. The rehabilitation includes provisions for capacity expansion including rolling…
MANILA – Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla has urged bank owners to protect their depositors’ money, a function that constitutes their primary responsibility. In his speech during the launch of the book “Banking Laws of the Philippines – Annotated” at the Central Bank’s main office in Manila recently. Medalla underscored the need to update banking laws to…
The World Bank has approved a US$100 million agriculture development project to help boost the livelihood of farmers and fisherfolk in indigenous cultural communities in Mindanao. Philippines. In a statement over the weekend, World Bank said the Mindanao Inclusive Agriculture Development Project (MIADP) is expected to benefit around 120,000 farmers and fisherfolk in selected ancestral domains in…
BALAMBAN, Cebu – The Board of Investments (BOI) has expressed confidence its P1.5 trillion investment pledges target this year will be achieved. In an interview over the weekend here, Trade Undersecretary and BOI managing head Ceferino Rodolfo said several big renewable energy (RE) projects are expected to be approved within the year. “These renewable energy projects…
The national government posted a P66.8 billion budget surplus in April, this year, the highest recorded in four years. Bureau of Treasury (BTr) data showed that the budget surplus was significantly higher than the P4.9 billion in April last year, and was the highest recorded since the P88.87 billion in April 2019. Last month’s surplus…
The Department of Science and Technology Region 1 (DOST 1) forges Memorandum of Agreement (MOA) with the National Research Council of the Philippines (NRCP) and the Local Government Unit of Burgos, La Union for the implementation of the Bridging the Utilization of R&D results through Awareness and dissemination for Community Empowerment through Science and Technology…
Digitalization has resulted to significant changes in various industries, allowing businesses to operate more efficiently and interact with customers with greater responsiveness. Banks, in particular, have been able to leverage new digital technologies to transform their services and offer customers the ability to make financial transactions with just a few taps on their devices.
