PARIS, France — Climate change is already shaving billions off the world's economy, with developing countries hardest hit, according to a new report published Tuesday ahead of COP28 climate negotiations.
Economy latest news
Considering that schools were under lockdown for about two years due to the COVID-19 pandemic, with education shifting to remote learning, the results of the Program for International Student Assessment taken in 2022 were not unexpected. Education officials had in fact debated whether the country should undergo the assessment again, four years after the PISA conducted in 2018 showed dismal learning competencies among Filipino 15-year-old students.
Mexico stands to be the greatest beneficiary as the trade war between the United States and China escalates. It is well on its way to becoming one of the ten largest economies in the world. As a brother-country once tied at the hip, the Philippines proudly watches from the sidelines as Mexico rallies to high income status.
BEIJING, China — A Hong Kong court on Monday gave Chinese property giant Evergrande until the end of January to put together a restructuring plan, offering the embattled firm much-needed breathing room as it teeters on the brink of bankruptcy.
PBBM issues EO No. 48 adjusting DBP’s 2022 dividend rate to strengthen capital position, ensure BSP compliance and support socioeconomic development – Presidential Communications Office
President Ferdinand R. Marcos Jr. issued last Tuesday, November 28, Executive Order No. 48 adjusting the dividend rate of the Development Bank of the Philippines (DBP) for calendar year 2022 to strengthen its capital position and comply with central bank’s regulations.
MANILA, Philippines — President Ferdinand Marcos Jr. exempted the Development Bank of the Philippines (DBP) from sharing its 2022 dividend earnings with the government to “strengthen its capital position” and to comply with the regulations of the Bangko Sentral ng Pilipinas (BSP), the Presidential Communications Office (PCO) said on Friday.