UNSPLASHBy Luz Wendy T. Noble, Reporter More foreign portfolio investments entered the Philippines than they left in November, amid improving economic conditions that boosted investor sentiment, according to the central bank. So-called hot money posted a net inflow of $109.56 million last month, 52% lower than a year earlier, based on Bangko Sentral ng

President Rodrigo R. Duterte has vetoed three minor items in the 2022 budget without funding, according to the Budget department. “The vetoed items were not crucial,” Budget officer-in-charge Tina Rose Marie L. Canda told an online news briefing on Friday in Filipino. Among the vetoed items is the application of the Agrarian Reform law to state universities and colleges and

PHILIPPINE COAST GUARD FACEBOOK PAGECrop damage from Typhoon Rai has reached P9 billion covering 12 regions and more than 350,000 hectares of farmland, the Agriculture department said on Friday. Production losses hit 194,671 metric tons (MT), affecting 132,658 farmers and fisherfolk, it said in a statement. Fishery damage reached

PHILIPPINE STAR/ MICHAEL VARCASBy Kyle Aristophere T. Atienza, Reporter President Rodrigo R. Duterte on New Year’s Eve raised the alert in Manila, the capital and nearby cities to Level 3 from Jan. 3 to 15 amid rising coronavirus infections. The stricter lockdown was imposed after an exponential rise in COVID-19 cases

PHILIPPINE STAR/ MICHAEL VARCASBy Kyle Aristophere T. Atienza, Reporter The Philippines posted 2,961 coronavirus infections on Friday, weeks after health experts warned that the country might face a post-holiday surge. This brought the total to 2.84 million, the Department of Health (DoH) said in a bulletin. Friday’s tally was almost double the 1,623 cases reported on Dec.