By Rose de la Cruz Top economists of the country, led by Secretary Arsenio Balisacan of the National Economic and Development Authority, met with Queen Maxima of the Netherlands, who is here for three days as UN Secretary General’s Special Advocate for Inclusive Finance for Development, for a strategic dialogue to amplify inclusive finance innovations that tackle financial inclusion challenges …
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The Philippine Postal Corporation (PHLPost) has released new commemorative stamps to mark the 425th Foundation Day of the City of Malabon on May 21, 2024. The commemorative stamps symbolized the rich history, culture and culinary tradition of the City known during the Spanish era as Tambobong. City Mayor Jeannie N. Sandoval and Postmaster General Luis D. Carlos unveiled the said commemorative …
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By Rose de la Cruz Should all go well, the Philippines will soon be producing sustainable aviation fuel (SAF) once a plant– to be set up by the private sector– would materialize. Offhand, the Philippines is in talks with some parties to develop SAF which would help decarbonize the atmosphere and produce cleaner and cheaper fuel for airplanes. So those …
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By Rose de la Cruz Queen Maxima of the Netherlands visited Bangko Sentral ng Pilipinas Gov. Eli Remolona Jr. in her capacity as UN Secretary General’s Special Advocate for Inclusive Finance for Development, who arrived in the country Monday (May 20). During her three-day visit, Queen Maxima will promote financial inclusion and financial health. Her visit will focus on advancing key …
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Shell Pilipinas Corporation (SPC) closed 2023 with a net income of P1.2 billion, demonstrating resilience amidst a challenging year. The marketing business achieved a remarkable turnaround during the said year, with delivery surging by over 60% compared to 2022. The Mobility business mirrored the country’s economic activity, achieving a 4% volume increase while maintaining strong premium product penetration. Shell Pilipinas …
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By Rose de la Cruz The transfer of the Philippine Crop Insurance Corp.– that caters to farmers’ claims for damaged standing crops and harvested crops destroyed by typhoons and floods– to the Department of Agriculture is not just a wise move but it makes the corporation more sensitive to the needs of farmers, fisherfolk and other agricultural stakeholders (not farm-credit …
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By Rose de la Cruz The current lack of information on how to practice safe sex to avoid sexually transmitted diseases like HIV-AIDS plus the lack of treatment facilities to cater to the growing number of afflicted persons have given rise to the continued surge in the disease, which the Department of Health expect to double by 2030 from 215,400 …
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By Rose de la Cruz The Philippine Statistics Authority said foreign investment pledges to the country’s Investment Promotion Agencies, except those by Filipino nationals, contracted in the first quarter of 2024 by 63.6 percent to P148.43 billion, a steep decline from the P408.22 billion approved in the same quarter 2023. The highest investment commitment approved came from Singapore at P70.06 …
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By Rose de la Cruz Since there is nothing that can be done about the extreme heat and other climatic aberrations in the coming years, the government must come up with climate-adaptive school buildings and other public buildings to ensure that schooling of the youth and livelihood of civil servants will not be sacrificed everytime abnormal climate conditions occur in …
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By Rose de la Cruz The 2024 TransUnion report on the State of Ominichannel Fraud Report said that 13.3 percent of account logins for digital transactions in the Philippines were suspected as Digital Fraud in 2023. The data also said the volume of suspected digital fraud worldwide rose 14 percent year-on-year in 2023 and 105 percent from 2019 to 2023, …
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The Market Monitor Minding the Nation's Business