Friday Jul, 19 2024 05:28:36 AM

Economic News

Holy Week travelers warned vs. travel scams

MANILA – Several government agencies on Wednesday warned the public to be vigilant against scams targeting tourists and travelers as the long Holy Week break draws near.

In a press conference at the National Cybercrime Hub in Taguig City, Cybercrime Investigation and Coordinating Center (CICC) Executive Director, Undersecretary Alexander Ramos said several government agencies in the cybercrime, law enforcement, transportation and tourism sectors are working together to increase the presence of their personnel to safeguard tourist and travelers during the season.


More sea crafts to sail through Zamboanga, Basilan routes

COTABATO CITY - Members of the business community in the Bangsamoro region are glad with the sailing soon in the Zamboanga-Basilan, Basilan-Zamboanga sea route of more vessels owned by a newcomer shipping firm that the government has permitted to operate in both areas.

Basilan Gov. Hadjiman Salliman told reporters on Monday that Mark Saladino, the assistant vice president for operations of the FastCat Shipping Lines (FCSL), visited him last week in Isabela City and briefed him on the voyages of their passenger vessels, to start in about two months.


Two iconic food establishments in Kidapawan City shutdown

COTABATO CITY - Two longtime landmark food joints in Kidapawan City shutdown on Monday, something that saddened patrons, among them employees of different provincial offices in North Cotabato.

Kidapawan City is the seat of the province in Region 12 that covers 17 towns in three congressional districts.   

Employees of the Penong’s Restaurant told reporters the establishment has had low earnings in the past two years after many restaurants and coffee shops sprouted around Kidapawan City.


PAL reduces Manila-Cotabato-Manila flight sked

COTABATO CITY - Beginning January 19, the Philippine Airlines (PAL) Manila-Cotabato-Manila flights daily flights would be reduced to four times a week to give way to urgent repair works on the runway at Cotabato's Awang airport every weekend, the PAL said in a statement.

Its four times a week flights will start from January 19 to April 24, 2024.

The PR 2959 and PR 2960 Manila-Cotabato-Manila flights will be every Monday, Tuesday, Wednesday and Thursday while the Friday, Saturday and Sunday flights are cancelled.     

Regular daily flights shall resume on April 15. 


Inflation in BARMM slightly increased but remains manageable—PSA Report

COTABATO CITY — In a recent report released by the Philippine Statistics Authority (PSA) on Tuesday, Oct. 24, the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) experienced a modest rise in its inflation rate, which reached 6.4% in September 2023, compared to 5.1% in August 2023.
Despite this uptick, BARMM remains well below the national inflation average. Region VII, Central Visayas, leads the country with the lowest inflation rate at 3.8%, followed by Region-VIII, Eastern Visayas, at 4.9%.


Airline exec visits Cotabato airport, eyes new route from Awang

COTABATO CITY - PARA sa mas malawak na air connectivity, tinitingnan ngayon ng isang cooperative airline firm ang posibilidad ng pagkakaroon tatlo pang direct flight mula Cotabato Awang airport.

Ang Leading Edge Air Services Corp. o LEASCOR ay positibo sa pagkakaroon ng flight mula Cotabato Awang Airport patungong Jolo sa Sulu Province, Cagayan de Oro City sa Misamis Oriental at Iloilo City sa Western Visayas .


BARMM traders welcome resumption of Cotabato Airport commercial flights

COTABATO CITY  – The business community in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) has welcomed the resumption of commercial flights of two airline companies at the Cotabato Airport starting Sunday.

Lawyer Roland Hallid-Torres, chairman of the Bangsamoro Business Council (BBC), said the resumption of Cotabato Airport and the commercial flights have beneficial effects on regional tourism and business activities, ultimately contributing to the region's economic growth.


Cotabato Airport’s reopening schedule uncertain

COTABATO CITY - Stakeholders have to wait for nine more weeks for a private contractor to finish the repair of the Cotabato Airport runway that traders want reopened for Central Mindanao's economy to bounce back from the adverse effects of its closure since early July.

The airport was supposed to resume its operation by August 18, as what had circulated on social media and as announced by different radio stations here.


MILG: Lantawan public market building nearing completion

COTABATO CITY - The Ministry of the Interior and Local Government in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) today announced the ongoing construction of an MILG funded public market in Lantawan, Basilan is nearing completion.

"Our Public Market project in the municipality of Lantawan, province of Basilan is shaping up with the vibrant colors of its panolong now installed," BARMM Interior Minister lawyer Naguib Sinarimbo.

He said the the market will spur economic activity in this town and hopefully generate further employment.


Experts call for more cybersecurity professionals in PH

CEBU CITY – Claiming more companies are experiencing cyberattacks, an official of USAID and a cybersecurity expert have called for more cybersecurity professionals to help the government contain threats of cyberattacks.

John Avila, senior economic growth specialist of United States Agency for International Development (USAID) Office of Economic Development and Governance, and Carlos Ely Tingson, a former military officer and now cybersecurity expert, both believed that have more cybersecurity professionals will put the country in good hands.



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Bangsamoro launches 3-yr plan for madrasah education

MANILA – The Bangsamoro local government has launched on Thursday a three-year plan to enhance madrasah education in the region. At a forum...

P12.4-M worth imported cigarettes seized in Zamboanga City

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3 BIFF members yield to police in Tacurong

GEN. SANTOS CITY – The PRO 12 police force successfully implemented an intel-driven operation leading to the surrender of three BIFF members at...

OPAPRU: Basilan arms surrender pact 'milestone' in peace process

MANILA – The Office of the Presidential Adviser on Peace, Reconciliation and Unity (OPAPRU) on Thursday welcomed the recently signed memorandum...

Agents seize P1.3-M worth shabu in Cotabato City operation

COTABATO CITY - Agents of the Philippine Drug Enforcement Agency seized P1.3 million worth of shabu from a dealer operating in three cities and...