Day: September 20, 2024

Manila: The government is pushing for several reforms to achieve sustained economic growth, National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said. Speaking at the Fourth Philippines-Singapore Business and Investment Summit in Singapore on Thursday, Balisacan said part of the government’s efforts to achieve sustainable growth and greener future is investing in infrastructure and innovation to enhance resilience against climate shocks. ‘The Philippines is one of the countries most vulnerable to the impact of climate change and compounding disasters, ranking first among 193 countries based on the 2023 World Risk Report,’ Balisacan said. ‘We acknowledge that significant investments in

Manila: The Philippine Coast Guard (PCG) rescued a fisher reported missing for more than a month off the waters of Basco, Batanes on Thursday. Robin Dejillo, 49, of Barangay Dinahican, Infanta, Quezon, was sighted on board his white motorbanca by a Coast Guard Station Batanes patrol team. He was reported missing on Aug. 4. Dejillo said he failed to return to their mother boat after his motorized boat ran out of gas. He said he survived at sea by drinking rainwater and eating fish and coconuts he found floating. He was taken to the Batanes General Hospital for treatment. Source:

Global economic growth is projected to slow marginally to 2.9 percent in 2024 and 2025, down from 3.1 percent in 2023, according to a report released Thursday by the Institute of International Finance (IIF). “Geopolitical tensions remain elevated, shaped by ongoing conflicts in the Middle East, the protracted war between Russia and Ukraine, and a noticeable cooling in relations between Western democracies and China,” said the report. “These developments are occurring simultaneously, adding layers of complexity and uncertainty to the global landscape,” it added. “In such a volatile environment, political events gain heightened importance.” The IIF said the US general

A New People’s Army (NPA) rebel wanted for attempted murder was arrested in Masbate province on Thursday, the Police Regional Office-Bicol (PRO-5) reported on Friday. Lt. Col. Malu Calubaquib, PRO-5 spokesperson, said “Nathan,” a member of the Special Partisan Unit, was nabbed in his house in Cawayan town after being served a warrant. The recommended bail was PHP120,000. Calubaquib said the rebel is under the command of Reynaldo Mollejon of Platoon 1, Kilusang Larangang Gerilya South, Sub-Regional Committee 4. The operation was conducted by the police and the 9th Infantry Division of the Philippine Army. Calubaquib said the rebel is

Manila: The Philippines would maintain continuous presence in the Escoda (Sabina) Shoal, the country’s top security adviser said Friday. In an ambush interview at Sangley Point, Cavite, National Security Adviser (NSA) Eduardo Año said the Philippine Coast Guard (PCG) has deployed a ship as a replacement following the departure of its largest vessel, BRP Teresa Magbanua, from the area. The ship is now sheltering at an undisclosed location due the bad weather, he said. “We will always make sure yung ating (that our) presence and access sa Sabina Shoal ay tuloy-tuloy (is continuous). Tuloy-tuloy yan as soon as mag-improve yun