Caraga wage board OKs P35 hike for minimum earners

MANILA: The Regional Tripartite Wages and Productivity Board (RTWPB) in Caraga (Region 13) has approved a PHP35 increase in salaries of minimum wage workers.

In Wage Order No. RXIII-18 which was motu proprio issued on Dec. 5, 2023, increased the dail…

PBBM arrives in Tokyo for ASEAN-Japan ties anniversary

MANILA: President Ferdinand R. Marcos Jr. arrived in Tokyo on Friday for the 50th Commemorative ASEAN-Japan Friendship and Cooperation Summit.

Marcos was welcomed by Japanese officials when he landed at the Haneda International Airport at 6:13 p.m. (…

Solon: Properly implemented RTL can bring down price of rice to P20

MANILA: A senator on Friday said the Rice Tarrification Law (RTL), if properly implemented, will bring the price of rice to PHP20 a kilo, which is a campaign promise of President Ferdinand R. Marcos Jr.

Senator Cynthia Villar, chairperson of the Comm…

BSP sees easing of surplus in 2024

MANILA: The Bangko Sentral ng Pilipinas (BSP) projected that the country’s balance of payments (BOP) for 2023 and 2024 will post surpluses but will be narrower next year.

In a statement Friday, the central bank forecast that the country’s surplus as …

ADB, PH sign 2 loan deals

MANILA: The Philippine government, through the Department of Finance (DOF), and the Asian Development Bank (ADB) signed on Friday the first tranche of the financing for the Bataan-Cavite Interlink Bridge (BCIB) and the Infrastructure Preparation and I…

Davao Region inflation rate drops to 4.9% in November

DAVAO: The year-on-year headline inflation of the Davao Region slowed down to 4.9 percent in November this year, from 5.2 percent in the previous month, the regional Philippine Statistics Authority (PSA-11) office said Friday.

In a statement, PSA-11 …

PBBM calls for closer public-private collaboration to address El Niño

MANILA: President Ferdinand R. Marcos Jr. on Friday stressed the importance of closer collaboration between the government and the private sector to address the possible effects of El Niño.

During the inauguration of the Poblacion Water Treatment Pla…