This week, representatives of various governments and organizations—consisting of environment advocates and pro-fossil fuel lobbyists—will meet for the United Nation’s COP 27 in Egypt. As in past years, they will review, reaffirm, or strengthen their pledges on reducing carbon emissions in their respective countries. The annual conference is held as the Philippines recovers fr...
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Set to become the biggest ultra-luxe integrated golf resort in the country, Hann Development Corp. (HDC), owner and developer of Hann Resorts, unveiled its grand 450-hectare project that is Hann Reserve last November 5 in New Clark City, Tarlac. The groundbreaking event was presided by HDC Chairman and CEO Daesik Han and golf legend Sir Nick Faldo, together...
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MANILA, Philippines — Economic growth in the second quarter was revised higher by the Philippine Statistics Authority as construction and real estate activities proved stronger than initially reported. State statisticians said in a statement on Wednesday that the gross domestic product in the April-June period now stood at 7.5%, slightly higher than the previous 7.4%. The latest figure...
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ABOUT 80% of overseas Filipino workers (OFWs) deployed to the United Arab Emirates (UAE) expressed interest in placing investments in the Philippines within the next 12 months, with property the preferred repository for their excess funds, according to the results of a survey released on Thursday. The survey, commissioned by the New Perspective Media Group (NPMG), took in responses from 3,800 w...
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MANILA, Philippines – The Philippine government’s total outstanding debt went up to P13.5 trillion as of end-September, primarily due to the peso’s depreciation against the US dollar and the net issuance of government securities. The Bureau of the Treasury said on Thursday, November 3, that the latest figure is 3.8% or P495.5 billion more than the level in August. From end-Dec...
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INFLATION may accelerate as much as 7.9% in October, driven by rising food prices, higher transport fares and the peso depreciation, the Bangko Sentral ng Pilipinas (BSP) said on Monday. “The BSP projects October 2022 inflation to settle within the range of 7.1% to 7.9%,” it said in a statement. If realized, October inflation would exceed the central bank&rsqu...
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