General

Manila: Net inflows of foreign direct investments (FDI) increased by 7.1 percent in April this year, as reported by the Bangko Sentral ng Pilipinas (BSP). Preliminary data indicated that the net inflows during the month amounted to USD610 million, compared to USD570 million in the same month last year. According to Philippines News Agency, the rise in FDIs was driven by higher net inflows from nonresidents’ net investments in debt instruments, which increased by 24.3 percent, from USD420 million to USD522 million. Reinvestment of earnings also showed a modest increase of 3.3 percent, climbing from USD82 million to USD84 million.

San jose de buenavista: Vice Governor Genevive Lim-Reyes is urging the Department of Public Works and Highways (DPWH) to expedite the turnover of the Legislative Building, which has already been inaugurated on January 28, 2021. According to Philippines News Agency, Reyes, during a press briefing on Thursday, requested the DPWH to hasten the turnover of the PHP50-million three-story building that it had funded and implemented through a contractor in San Jose de Buenavista. She mentioned that various repair works are necessary for the Legislative Building, but these cannot be initiated because the edifice has not yet been officially handed over

New clark city: The Bases Conversion and Development Authority (BCDA) broke ground on Thursday a new housing development in New Clark City as part of President Ferdinand R. Marcos Jr.’s flagship Pambansang Pabahay Para sa Pilipino (4PH) program. According to Philippines News Agency, BCDA said the housing development in Capas, Tarlac will initially deliver 840 housing units under the program. These units form part of a larger, masterplanned 5.84-hectare community that will eventually offer more than 3,400 residential units, including mid-rise buildings for affordable housing. ‘This groundbreaking ceremony marks the first step towards the change needed to bring the Filipino

Manila: The Department of Migrant Workers is working on verifying reports that Houthi forces may have kidnapped several crew members of MV Eternity C after attacking and sinking the vessel while traversing the Red Sea. According to Philippines News Agency, Migrant Workers Secretary Hans Leo Cacdac, in a Palace briefing on Thursday, stated that five Filipino crew members and an Indian armed guard, out of the 22 crew of MV Eternity C, have been rescued, while the rest remain missing. Cacdac emphasized the need for confirmation regarding the claims made by the Houthis and the United States about the crew’s

Manila: The Philippine Navy’s (PN) newest guided missile frigate BRP Miguel Malvar (FFG-06) is undergoing Operational Readiness and Capability Tests (ORACT) as a prerequisite for its operational deployment. According to Philippines News Agency, ORACT aims to ensure that the warfighting capability of both the vessel and its crew are in accordance with the expected requirements and have met the standards of the PN. “This is especially paramount given the complex nature of modern naval warfare which demands an understanding of its four dimensions, namely Anti-Surface Warfare (ASuW), Anti-Air Warfare (AAW), Anti-Submarine Warfare (ASW), and Electronic Warfare (EW),” the PN said.