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MANILA, Dec. 12 — Due to the adverse effects of El Niño and continued weakening of demand from China, the manufacturing sector slightly declined in October 2015, but is expected to recover in the coming months and years ahead, according to the National Economic and Development Authority (NEDA). In the Philippine Statistics Authority’s Monthly Integrated Survey of Selected Industries for September 2015, the manufacturing sector’s Volume of Production Index decreased by 1.8 percent while its […]
The unemployment rate fell to a record low 5.6 % in October (Paywall), having been 6.5 % inb September. Data from the Philippine Statistics Authority (PSA) showed, the umemployment rate in the Philippines continued to decline in October this year as more Filipinos found jobs amid the country’s strong economic growth. But worryingly, exports fell 10.8 % year-on-year in October, versus expectations of a 3.3 % fall. (Eagle News Service) https://youtu.be/oMFjbl39C2Y
Crude dipped below $40 a barrel this week and traders are warning that a new round of low prices could be here to stay, at least for a while. Oil is emerging as, possibly, one of 2016’s biggest financial risks. (Eagle News Service) https://youtu.be/N1r6_NzgGB4
Power charges will increase by 55 centavos per kilowatt-hour (kwh) this month for Manila Electric Company (MERALCO) customers. MERALCO said, “the increase in the overall rates was primarily due to the generation charge.” MERALCO rates up: P0.055/kwh 200kwh- p11.00 300kwh- p16.50 400kwh-p22.00 500kwh-p27.50 https://youtu.be/gKWKBF1oQNM With the development, the new overall charge amounts to php8.605 per kwh. Meralco added power bills of households — with a monthly consumption of 200 kwh — will amount to a […]
Crude prices found at least temporary support early on Wednesday after the dollar weakened and China’s commodity imports came out surprisingly strong, but oversupply means prices are expected to remain low for some time. U.S. crude futures were at $38.11 per barrel at 0048 GMT (7:48 a.m. EST), up 60 cents from their last settlement. Traders said the recovery on Wednesday was largely a result of short covering, a dip in the dollar which makes […]
(Reuters) — Qualcomm hit with yet another investigation. The European Commission filed antitrust charges Tuesday against the mobile chipmaker that supplies Apple, among others. It made two accusations: one, that Qualcomm might have illegally paid a big customer for exclusively using its chipsets, and two, sold chipsets below cost with the aim of forcing out competitors. What’s more, Taiwan’s Fair Trade Commission has just launched an investigation into whether the chipmaker’s patent licensing arrangements violate […]
When the world heats up, economies around the globe will cool down. That’s according to a new study which predicts that rising temperatures due to climate change will wreak havoc on economic output. “Our best estimate is that the global economy as a whole will be 23 percent smaller in 2100 than if we would avoid climate change entirely,” said co-author of the study Solomon Hsiang, an associate professor of public policy at the University […]
The Philippine National Police took the top spot as being the biggest spender at the recently-held Asia-Pacific Economic Cooperation or APEC summit, with Php 1.5 million allocated to the said government agency. The almost 10 billion pesos APEC budget was divided between 20 government agencies. (Eagle News Service Described by Jay Paul Carlos, Video Editing by Dexter Magno, Uploaded by MRFaith Bonalos) https://youtu.be/gwei0TI_36M
Muling binuksan ang European Higher Education Fair 2015 ng mga delegasyon ng European Union to the Philippines kasama ang EU member states, embassies at cultural institutes sa pakikipag-ugnayan sa Commission on Higher Education (CHED). Layunin nito na mapalakas pa ang ugnayan ng EU at ng Pilipinas sa larangan ng pagpapaunlad ng edukasyon. Narito ang report ni Juliet Caranguian: https://www.youtube.com/watch?v=i4m-sgip8_0
Petroleum products saw an increase in their prices as oil companies started implementing a price hike on the said products. There is also an increase in the price of liquefied petroleum gas while there is no increase in the price of diesel. (Eagle News Service Described by Jay Paul Carlos, Video Editing by Jericho Morales, Uploaded by MRFaith Bonalos) https://youtu.be/psDzbbALhcQ
Just wear it – now. Nike will begin placing ads in the Weather Channel’s mobile app starting next month. The New York Times says the ads will suggest appropriate apparel depending on local weather conditions. For example, if it’s cold and dark, an in-app ad may appear for reflective Nike clothing. It’ll send consumers to the Nike website where they can buy the suggested items. The in-app ads are part of a broader campaign that […]
Hundreds of cars were on display at the Tokyo Motor Show 2015 on Wednesday (October 28), where hydrogen fuel-cell cars by Japanese auto manufacturers Toyota Motor Corp and Honda Motor Corp stole the spotlight. Toyota Motor unveiled the FCV Plus, a hydrogen fuel-cell car with a light blue theme. Toyota is keen to maintain the alternative propulsion lead it established a decade and a half ago with the full hybrid electric Prius. Honda Motor Co […]
