El Nino waning, La Nina to develop in second half of 2024
The La Nina weather pattern characterized by unusually cold temperatures in the Pacific Ocean could emerge in the second half of 2024, following a strong El Ninoyear, a U.S. government weather forecaster said on Thursday.
China wins multibillion peso Davao transport upgrade program
The Department of Transportation has awarded a multi-billion peso contract to China companies to build a state-of-the-art bus system in Davao City, marking a major step towards modernizing public transportation in Mindanao.
DICT secures two-year cybersecurity enhancement pact with JICA
The Department of Information and Communications Technology (DICT) has signed a two-year agreement with the Japan International Cooperation Agency (JICA) to improve cyber security in the Philippines.
Elizalde rebrands as MBC Media Group
The Manila Broadcasting Co. (MBC) on Friday bared a new identity as MBC Media Group to keep up with the fast-changing media landscape in the Philippines.
Consumer purchases, real estate loans help push bank lending 7 percent higher in December
The outstanding loans of universal and commercial banks (U/KBs), net of reverse repurchase (RRP) placements with the Bangko Sentral ng Pilipinas, grew by 7 percent year-on-year in December 2023, the same rate of increase a month prior. On a month-on-month seasonally-adjusted basis, outstanding universal and commercial bank loans, net of RRPs, increased by 0.3 percent.
