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Day: July 23, 2024

Town exec urges LGUs to help realize PBBM vision of P20/kilo rice

The town of Biliran in Biliran province is hopeful that other local government units in the country will help bring down the price of rice to only PHP20 per kilogram as what they have been doing since last year. In a phone interview on Tuesday, Biliran municipal agriculture officer Lemuel Antonio said he was happy to hear in the State of the Nation Address (SONA) of President Ferdinand R. Marcos Jr. on Monday the latter’s concern on the high prices of rice. ‘I hope our local governments will do their part to help the President fulfill his vision to make

GOVT COMMITTED TO REDUCING DEBT-TO-GDP RATIO TO 60 PCT WITHIN 5 YEARS – TREASURY SEC-GEN

KUALA LUMPUR, In line with the Public Finance and Fiscal Responsibility Act, the government is committed to reducing its borrowings in terms of the debt-to-gross domestic product (GDP) ratio to 60 per cent within a five-year timeframe from the current 64 per cent to ensure a stronger and more sustainable fiscal position for the nation, said Treasury Secretary-General Datuk Johan Mahmood Merican. He said the government has already started reducing the annual net borrowings gradually, from about RM100 billion for both 2021 and 2022 to RM93 billion in 2023, and is targeting RM86 billion in 2024. This is being achieved

Parts of Batanes now under signal no. 2 as Carina slightly intensifies

MANILA: Tropical cyclone wind signal (TCWS) no. 2 is now hoisted over several areas in Batanes as Typhoon Carina slightly intensifies, the weather bureau said Tuesday. In its 11 a.m. update, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said Carina packs maximum sustained winds of 140 km. per hour near the center and gustiness of up to 170 kph. The typhoon was last tracked 320 km. east of Basco, Batanes or 405 km. east northeast of Aparri, Cagayan. Areas under TCWS no. 2 are Itbayat, Basco, Mahatao, Uyugan and Ivana which will experience gale-force winds, while areas under

XSOLLA OPENS BEIJING OFFICE TO BOLSTER CHINA’S POSITION IN GLOBAL GAMING MARKET

KUALA LUMPUR, Xsolla, a global video game commerce company, has announced the grand opening of the Xsolla Greater China Region office at Chaoyang District, signifying a renewed commitment to enhancing and growing the video game industry in China and worldwide. Xsolla Chief Marketing Officer and Chief Growth Officer, Berkley Egenes said the establishment of its Beijing office is a testament to the company’s belief in the potential of local game developers and their creations on the global stage. ‘This initiative underscores our dedication to empowering the gaming community, ensuring our partners have the tools and resources to succeed in an

Iloilo City suspends classes due to inclement weather

The city government on Tuesday suspended afternoon classes from preschool to senior high school in public and private schools to safeguard the safety of students and residents due to the inclement weather. Mayor Jerry Treñas signed Executive Order No. 108 since the city ‘faces continued risks due to the effects of southwest monsoon enhanced by the Typhoon Carina.’ ‘Occasional moderate to heavy rains, cloudy skies with 100 percent cloud cover, and strong gale-force gusts in the coastal areas are anticipated in addition to high tide reaching as high as 2.05 meters at 11:19 a.m. which may contribute to flooding in

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