PHL secures $400-million ADB loan to reduce youth unemployment

PHILIPPINE STAR/ MICHAEL VARCAS THE ASIAN Development Bank (ADB) approved a $400-million (P20.14-billion) loan to expand a Philippine government program aimed at helping unemployed youth find quality jobs. The multilateral lender gave the green light for the policy-based loan that…

Balance of payments deficit hits $312M

BW FILE PHOTO THE OVERALL balance of payment (BoP) position swung to a deficit in June, as the National Government repaid some of its foreign debt obligations. Data released by the Bangko Sentral ng Pilipinas (BSP) on Tuesday showed the…

Infrastructure spending exceeds first-half target

PHILIPPINE STAR/ MICHAEL VARCAS LOOSER quarantine restrictions that allowed construction activities to resume helped the government surpass its infrastructure spending target by nearly 2% in the first half of the year. Data from the Department of Budget and Management (DBM)…

Amid underspending in first half: Budget deficit falls below ceiling

PHILIPPINE STAR/ MIGUEL DE GUZMAN By Beatrice M. Laforga, Reporter THE PHILIPPINES fell short of its budget deficit ceiling in the first half after missing its spending target by 10%, prompting analysts to warn that underspending could hamper the economy’s…

Teatro Europa’s second year online

1 of 7 THE PANDEMIC did not stop theater from adapting to changes last year and this year the artists have continued showcasing plays online. For Teatro Europa, last year’s first virtual showcase attracted 300,000 viewers. From the original seven…

DoH to streamline service delivery for viral hepatitis

PIXABAY By Patricia B. Mirasol TO IMPROVE hepatitis B service delivery, the Department of Health (DoH) is including encrypted data related to the liver infection in a reporting platform that monitors HIV (human immunodeficiency virus) cases and STIs (sexually transmitted…

Gov’t fully awards 7-year bonds at higher yield

BUREAU OF THE TREASURY FB PAGE THE GOVERNMENT made a full award of the reissued Treasury bonds (T-bonds) it offered on Tuesday at a higher rate amid strong demand for securities at the long of the yield curve. The Bureau…

Globe says 4G LTE network expands in 12 provinces

BW FILE PHOTO GLOBE Telecom, Inc. announced on Tuesday that it had upgraded its third-generation (3G) network in 12 provinces to 4G Long-Term Evolution (LTE) with the completion and modernization of several sites. “More customers in Batangas, Bohol, Bukidnon, Davao…

The stories behind faces

SOCIAL REALIST painter Antipas Delotavo A CHRONICLING of the Filipino story, exploring self-portraits, and transforming new spaces are the focus of three featured artists in this year’s “Art in the Park Online 2021: Special Edition.” For its 15th anniversary special…

Filipino teens languish as pandemic drags on

PIXABAY By Bronte H. Lacsamana OVERWHELMED by daily learning modules requiring focus in a household of eight people, 16-year-old Shaia found herself struggling with mental health issues made worse by Metro Manila’s lockdowns. “Around April this year, I had a…

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