The local government of Narvacan in Ilocos Sur launched Thursday its new digital palengke (market) app as it introduces cashless transactions among its constituents when going to the public market. Narvacan Mayor Luis “Chavit” Singson said the digital palengke application is just the beginning of the modernization in his hometown as he envisions it to become at par with developed countries in the near future. “I don’t want you to be left behind in terms of technology development and progress in our town,” Singson told his constituents during a simple launching program held at the new Farmers Market, the largest

Facebook parent Meta posted its slowest growth in 10 years in terms of revenue, according to its financial results statement released late Wednesday. Meta had total revenue of USD27.9 billion in the first quarter of 2022, just a 6.5 percent increase from USD26.2 billion in the same period of last year. It had a net income of USD7.5 billion – a 21 percent decline from USD9.5 billion year-on-year. The number of Facebook users also increased slightly. While daily active users were 1.96 billion on average for March 2022, an increase of 4 percent year-on-year; monthly active users were 2.94 billion

Davao Region’s economic performance in 2021 recorded a high of 5.9 percent, a significant increase from the negative 7.5 percent in 2020. With steady prices in 2018, the region’s economy was valued at PHP882 billion in 2021 from about PHP833.2 billion in 2020 with an increase of PHP48.8 billion. The level still falls short of PHP18.5 billion compared to the one recorded in 2019, during the pre-pandemic period. Philippine Statistics Authority in Davao Region (PSA-11) Director Ruben Abaro Jr. said Thursday the industry and service sectors posted the highest growth at 9.9 percent and 5.6 percent, respectively. “However, agriculture, forestry,

The Philippine National Police (PNP) is now preparing to deploy at least 200 additional personnel across the region to ensure public safety measures in case of rallies related to the celebration of International Labor Day on May 1. In a press statement issued on Thursday, Police regional director Westrimundo Obinque said the deployment of additional personnel in strategic areas of the region is meant to secure the public from any untoward incidents during crowd gatherings or rallies. “The PNP honors the work done by everyone in the labor force and we deem it fit to give due recognition to their

The economy of Central Luzon rebounded last year from a double-digit contraction in 2020, the Philippine Statistics Authority Regional Statistical Services Office-Central Luzon (PSA RSSO III) reported on Thursday. Results from the latest regional accounts showed the region’s economic output rose to 7.4 percent last year, reversing the 13.9-percent drop in 2020. Central Luzon was among the four regions with the highest economic growth in 2021. Calabarzon ranked first with 7.6-percent growth, followed by Bangsamoro Autonomous Region in Muslim Mindanao and Cordillera Administrative Region, both with 7.5 percent. Of the 5.7-percent economic growth in the country, Central Luzon was the