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Day: July 25, 2024

Trash balloon lands on S. Korea’s pres’l office compound

SEOUL: A trash-carrying balloon sent by North Korea landed on the presidential office compound Wednesday, but nothing dangerous was found, the Presidential Security Service (PSS) said. The PSS said it discovered fallen trash on the grounds of the presidential compound while monitoring the latest batch of balloons flown by the North earlier in the day. North Korea has sent thousands of trash-filled balloons toward South Korea since May in protest of anti-Pyongyang propaganda leaflets sent by activists in South Korea across the border. “An investigation by the chemical, biological and radiological response team showed the objects did not present a

MOSTI, CRADLE FUND TO LEAD ASEAN STARTUP INITIATIVE BY FOSTERING REGIONAL ECOSYSTEMS

KUALA LUMPUR, The Ministry of Science, Technology and Innovation (MOSTI) via its local startup agency Cradle Fund Sdn Bhd will be leading the ASEAN Startup Initiative under the science, technology and innovation (STI) sector. The ASEAN Startup Initiative was endorsed by the ASEAN Committee on Science, Technology, and Innovation (COSTI) in June 2023 with a recent update at the 85th Meeting of ASEAN COSTI in early June 2024. MOSTI Minister Chang Lih Kang said the ASEAN Startup Initiative aims to foster startup ecosystems across the region through economic integration and inclusive development. He said the initiave also corresponds to MOSTI’s

DPWH: ‘Game-changing’ projects to boost mobility

MANILA: The Department of Public Works and Highways (DPWH) touted some of its “game-changing projects” that would help spur economic development by improving mobility. During the hybrid post-State of the Nation Address (SONA) discussions in Pasay City on Wednesday, DPWH Undersecretary Maria Catalina Cabral said one of the agency’s game-changing projects is the Luzon Spine Expressway Network (LSEN) under the Marcos administration’s ‘Build Better More’ program. Once completed, she said, the LSEN would cut travel time from Ilocos to Bicol from 20 hours to 9 hours. Cabral said part of the LSEN is the 59-km. Tarlac-Pangasinan-La Union Expressway (TPLEX) Extension

MALAYSIA’S NOMINAL GDP FOR 2023 AMOUNTS TO RM1.8 TRILLION

KUALA LUMPUR, Malaysia’s 2023 nominal gross domestic product (GDP) amounted to RM1.8 trillion, said the Department of Statistics Malaysia (DOSM). Growth moderated to 1.6 per cent from the double-digit 15.9 per cent in 2022. In a statement, chief statistician Datuk Seri Dr Mohd Uzir Mahidin said that despite the moderated performance, the economy remained resilient, particularly through private final consumption expenditure, which increased 6.7 per cent. ‘The growth was propelled by ongoing enhancement in employment and wage through the implementation of a new minimum wage of RM1,500 starting May 2023,’ he said. DOSM today released the statistics for Malaysia’s Gross

Cebu City speeds up completion of building for displaced families

CEBU CITY: Acting Mayor Raymond Alvin Garcia has instructed city engineers to speed up the completion of a medium-rise building (MRB) intended for poor families displaced by fire, demolitions, and enforcement of easement along riverbanks. Garcia said Thursday that he ordered the re-bidding process to fast-track the completion of the second MRB that the contractor left unfinished two years ago. He expressed disappointment over the unfinished project that caused a significant housing shortage, noting President Ferdinand R. Marcos Jr.’s wish to address the country’s housing backlog during his recent State of the Nation Address (SONA). Garcia inspected MRB-2 in the

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