Day: August 5, 2024

The Paris 2024 Olympics are expected to boost France’s GDP in the third quarter (Q3) by 0.3 percentage points, raising the growth rate during the period up to 0.5 percent, according to France’s National Institute of Statistics and Economic Studies (INSEE). Ticket sales and revenues from audiovisual broadcasting have a direct positive effect on French economic activities in Q3, contributing 0.25 percentage points, it said, while tourists, an uncertain factor of the “Olympic effect,” will also contribute to the GDP growth in the period. French research organizations said the Paris Olympics are expected to boost the French economy in the

CAGAYAN DE ORO CITY: The provincial government of Camiguin has debunked claims of food poisoning, as some social media posts alleged. Dr. Magnolia Naman, officer-in-charge of Catarman District Hospital in Catarman town, said no such cases occurred from July 29 to Aug. 4. “During this period, no patients have sought consultation for symptoms such as abdominal pain, vomiting, or diarrhea, and there have been no related hospital admissions due to food poisoning,” she said in a statement released Sunday evening. The alleged food poisoning circulating in social media was attributed to Rep. Jurdin Jesus Romualdo’s recent distribution of food packs

MANILA: The Department of Agriculture (DA) said on Monday that there are no expected price spikes in pork despite the resurgence of African swine fever (ASF) cases in Batangas. The DA made the statement after the Batangas Provincial Veterinary Office reported ASF cases in Lobo, Lian, Rosario, Calatagan, and Lipa City. In an interview, DA Assistant Secretary Arnel de Mesa said retail prices should not increase because pork supply is primarily sourced from Central Luzon. ‘Hindi naman (tataas) kasi iyong Central Luzon naman is okay naman (It should not spike because Central Luzon is still okay),’ he said. As of

MANILA: The Department of Labor and Employment (DOLE) on Monday issued pay rules for two holidays this month. In Labor Advisory No. 9, Secretary Bienvenido Laguesma advised employers on the proper payment of wages for Aug. 21 (Ninoy Aquino Day) and Aug. 26 (National Heroes Day). Aug. 21 is a special non-working day while Aug. 26 is a regular holiday. For Aug. 21, it noted that the ‘no work, no pay’ principle will apply, which means employees who would not work that day will not be compensated. The DOLE noted that such rule will apply unless there is a favorable

MANILA: The Philippine government has provided USD50,000 worth of aid for disaster risk reduction, the Department of Foreign Affairs (DFA) said Monday. “The Philippines and Mongolia are both vulnerable to natural calamities, and must work together to mitigate and reduce disaster risks. As an expression of solidarity, the Philippines has donated a modest amount to assist the government of Mongolia in addressing the impact of natural disasters,” DFA Secretary Enrique Manalo said in a joint press conference with Mongolian Foreign Minister Batmunkh Battsetseg. Manalo and Battsetseg also discussed ways to promote trade between the Philippines and Mongolia, including the establishment