Day: March 10, 2025

Manila: Foreign direct investments (FDI) recorded net inflows of USD8.93 billion in 2024, the Bangko Sentral ng Pilipinas (BSP) said. Data released by the BSP on Monday showed that the amount was slightly higher than the USD8.92 billion in 2023. FDIs include investment by a non-resident direct investor in a resident enterprise, whose equity capital in the latter is at least 10 percent, and investment made by a non-resident subsidiary or associate in its resident direct investor. It can be in the form of equity capital, reinvestment of earnings, and borrowings. According to Philippines News Agency, top sources of FDIs

Tacloban: The Bureau of Internal Revenue (BIR) in Eastern Visayas has achieved a significant milestone by collecting PHP40.19 million in taxes from 197 delinquent payers in 2024. This accomplishment marks the region as the top performer among 25 revenue regional offices across the nation in terms of tax arrears collection. According to Philippines News Agency, BIR Eastern Visayas regional office collection division chief Policarpo Tangile remarked that the region’s recognition as the nationwide top performer was due to its substantial surpassing of the PHP9.3 million collection target from tax arrears in 2024. Tax arrears refer to collectible taxes not paid

Manila: Gender-based violence in Central Visayas declined by 3.25 percent in January and February. According to Philippines News Agency, the report from Police Regional Office-7 (PRO-7) Women and Children Protection Desk of the Regional Investigation and Detective Management Division highlighted that the Crime Incident Reporting and Analysis System recorded 447 cases, which is lower by 15 than the 462 cases reported during the same period last year. The PNP noted that the most frequently reported offenses are related to Republic Act 9262, known as the Anti-Violence Against Women and their Children Act. The decrease in reported cases has been credited

Manila: The Department of Foreign Affairs (DFA) on Monday dismissed Chinese Foreign Minister Wang Yi’s remarks that incidents in the South China Sea (SCS) are “staged under the direction of other countries”: The Philippines is an independent and sovereign state whose actions and decisions are driven entirely by national interest and the interests and well-being of the Filipino people, the DFA stated. According to Philippines News Agency, China previously compared the SCS dispute with the Philippines to a ‘shadow play’ and warned that ‘those acting as others’ chess pieces are bound to be discarded.’ Wang Yi alleged that there is

Manila: Malaca±ang stated on Monday that Vice President Sara Z. Duterte was the one who abandoned the government, countering her assertions that the administration had neglected the Office of the Vice President (OVP). According to Philippines News Agency, during a press briefing, Presidential Communications Office Undersecretary and Palace Press Officer Claire Castro addressed Duterte’s comments made at an event in Hong Kong over the weekend. Duterte had claimed that the government had turned its back on the OVP. Castro refuted this by stating that the Vice President was given the opportunity to defend her proposed 2025 budget but chose to