Nearly $7 trillion of public and private finance each year supports activities that directly harm nature – some 30 times the amount spent on nature-based solutions annually, according to a UN report launched at COP28 in Dubai last week. The report from the UN’s environmental wing, UNEP, also revealed that despite decades of calls for […]
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The Philippine economy weathered 2023’s global headwinds, marked by ongoing conflicts in Ukraine and the Middle East, elevated inflation and rising interest rates. Its gross domestic product (GDP) grew 5.9 percent in the third quarter, the fastest expansion in the Association of Southeast Nations (ASEAN). Easing inflation Inflation surged to 8.7 percent in January, threatening […]
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Voluntary delistings and sluggish trading activity defined the Philippine equities market in 2023, with four major companies opting to leave the bourse and investors remaining cautious amid global uncertainties. Eagle Cement Corp., logistics firm 2GO Group Inc., infrastructure conglomerate Metro Pacific Investments Corp. and cement producer Holcim Philippines Inc. delisted this year, citing various reasons. […]
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First of two parts The release last week of the Global Cooling Watch Report 2023: Keeping it chill highlights the importance of passive cooling alternatives to energy-hungry air conditioners. The report, produced by the United Nations Environment Program (UNEP), notes that between now and 2050, the global installed capacity of cooling equipment will triple, resulting […]
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The way China has fielded massive Coast Guard vessels as well as a number of maritime militia ships in the South China Sea, it would appear it is really intent on claiming ownership of the vital sealane where a significant percentage of global trade passes on a regular basis. But its basis for doing so—the […]
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Energy Secretary Raphael Lotilla expressed optimism about the country’s power supply for 2024, while emphasizing the need for global support in a “just” energy transition away from fossil fuels. “We did manage to contain the weaknesses in 2023, and 2024 promises to be better, especially with the completion of major transmission connections,” Lotilla said in […]
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“I am not averse to writing a specific anti-dynasty provision in a new Constitution, because our experience over the past three and a half decades has multiplied dynasties” After clamming up on his early advocacy for charter change, Sen. Robinhood Padilla now weighs in on the proposal of Speaker Martin Romualdez’ proposal to amend the […]
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The Philippine telecom sector is bullish about 2024 amid easing inflation, a robust economy and a bigger focus on innovation. The industry, boasting P267 billion in revenues through the first nine months of 2023, exhibited resilience in the face of economic challenges. Globe’s outlook Globe Telecom Inc. chief executive Ernest Cu expressed optimism, as he […]
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The Department of Trade and Industry (DTI) expects the record-breaking investments to fuel economic growth in 2024 and beyond. “We are optimistic we will continue to generate more investments, moving forward in 2024, having reached record levels in 2023,” Trade Secretary Alfredo Pascual said. Investment approvals are expected to reach P1.5 trillion ($27 billion) this […]
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