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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PBBM LAUNCHES “HANDA PILIPINAS” VISAYAS LEG IN TACLOBAN

HANDA PILIPINAS. President Ferdinand R. Marcos Jr. (center) presses the buzzer during the opening ceremony of the Visayas leg of the 2023 Handa Pilipinas, an annual exposition of innovations in disaster risk reduction and management, at the Summit Hotel in Tacloban City on Wednesday (Nov. 8, 2023). With him are House of Representatives Speaker Ferdinand Martin…

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DOST strengthens Mindanao textile industry with launch of first Regional Yarn Production and Innovation Center

KABACAN, Cotabato – The Department of Science and Technology–Philippine Textile Research Institute (DOST-PTRI), in partnership with the University of Southern Mindanao (USM), officially launched the Regional Yarn Production and Innovation Center (RYPIC) in Kabacan, Cotabato on June 5, 2026, marking a significant milestone in the development of Mindanao’s textile industry. As the first facility of…

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DOST 1 collaborates with LGU Vintar to establish bamboo textile hub

THE Department of Science and Technology Region 1 (DOST 1), through the Provincial Science and Technology Office – Ilocos Norte (PSTO-IN), convened with the Mayor of Vintar, Richard Degala, on April 15, 2024 in this municipality. The purpose of the meeting was to discuss the establishment of a bamboo textile hub and to explore opportunities…

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House passes Salceda bill to expand PH crop insurance, encourage private sector participation

The House of Representatives passed this week a proposed bill principally authored by Albay Rep. Joey Sarte Salceda that seeks to expand the services of the Philippine Crop Insurance Corporation (PCIC) to all agricultural commodities and encourage the private sector to avail of its coverage.  Consolidated House Bill 7387, approved by the lower house on second reading Wednesday,…

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NWU Launches Region I’s First University-Based Innovation Hub; DOST Undersecretary and Regional Directors Lead Unveiling

Northwestern University (NWU) marked a historic milestone with the inauguration of the NWU–DOST Innovation Hub—the first university-based innovation hub in Region I—during a ceremonial launch on November 20, 2025, at 1:00 PM. The event brought together key science and technology leaders whose presence underscored the hub’s transformative impact on the Northern Philippines. Leading the ceremony…

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