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BFAR distributes fishing equipment in Bataan

Published: August 8, 2022

AID FOR FISHERS. The Bureau of Fisheries and Aquatic Resources in Central Luzon distributes several equipment to fisherfolk associations in Bataan in this undated photo. The move aims to provide sustainable livelihood to the members of the sector by improving their catch. (Photo courtesy of BFAR Region 3) CITY OF SAN FERNANDO, Pampanga - The Bureau of Fisheries and Aquatic Resources-Central Luzon (BFAR-3) has recently distributed fishing gear including aggregating devices called "payao" to fisherfolk in Bataan. BFAR-3 Regional Director Wilfredo Cruz said on Monday the move aims to pr...

Source: philippinetimes.com

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Medalla open to 50 bps hike in key rates in August

Published: July 8, 2022

Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla (Photo courtesy of BSP) MANILA - Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla is open to a 50 basis point increase in the central bank's key rates in August to help address the accelerating inflation rate and the Federal Reserve's rate hikes. In a Viber message to journalists on Thursday, Medalla said "there are pros and cons to gradualism" on the possible rate increases in the coming months, but noted that "if the inflation is too high, even if the causes are impervious to BSP's kit of policy ins...

Source: philippinetimes.com

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Bangko Sentral Felipe Medalla Federal Reserve Governor Felipe Medalla Bangko Sentral Ng Pilipinas Bsp Governor Felipe Medalla Photo Courtesy Of Manila Is Open Toa 50 Basis Point Increase In The Central Bank 39s Key Rates August To Help Address Accelerating Inflation Rate And Federal Reserve Hikes Ina Viber Message Journalists On Thursday Edalla Said Quot There Are Pros And Cons To Gradualism On The Possible Rate Increases In Coming Months Ut Noted That Quot If The Inflation Is Too High Ven If The Causes Are Impervious To Bsp 39s Kit Of Policy Instruments A Monetary Policy Response Maybe Necessary Quot He Said The Central Bank Is Strongly Committed To Maintaining Price Stability Hus Quot It 39s Not Prudent To Let Factors That Significantly Affect The Exchange Rate Add Further Inflation Is Already High And Because Of This He Bsp Is Prepared To Be More Aggressive In Raising Its Policy Rates Ompared To Its Initial Gradualist Stance In Particular Sp Is Prepared To Raise Its Policy Rate By 50 Bps August Uot He Said The Bsp 39s Key Rates Have Been Increased Bya Total Of 50 Basis Points 5 Basis Points Each In May And June These Were Made After Monetary Authorities Said The Continued Recovery Of Domestic Economy Provides Bsp Leeway To Help Tame Acceleration Inflation Rate Hich Breached The Government 39s 2 4 Percent Target Band Last April With It Hit 9 Rate Of Price Increases Posted Faster Rates 5 In May And 6 1 June Due Mainly To Impact Higher Oil Prices International Market Hich Affected Domestic Prices Of Oil And Other Commodities Utilities As Well Resulted In Second Round Effects Like Fare Increases Medalla Said Monetary Authorities Are Closely Monitoring The Developments Financial Markets Pecifically The Hawkish Stance Of Fed Ollowing The 150 Basis Points Increase In Its Key Rates Since Last March Which Is N Turn Argeted To Address The 40 Year High Consumer Price Index Cpi In Us He Said These Rate Hikes Have Resulted Mong Others He Depreciation Of Currencies Around The World Ncluding The Philippine Peso He Said There Isa Need To Address Weakening Of Local Currency Because Quot If Such Pressures Are Left Unchecked

Computime Group Limited (Stock Code: 320.HK) Announces FY 2021/22 Annual Results

Published: July 5, 2022

Resilient Business Performance amid Macro Uncertainties Revenue Increased by 16.4% YoY to HK$4,184.8 million Net Profit Increased by 3.5% YoY to HK$84.2 million Financial Highlights For the year ended 31 March FY2022 HK$ million FY2021 HK$ million Change Revenue 4,184.8 3,596.7 +16.4% Gross profit 537.3 465.8 +15.4% Profit attributable to owners of the Company 84.2 81.4 +3.5% Basic earnings per ordinary share (HK cent(s)) 10.01 9.69 +3.3% HONG KONG, July 5, 2022 /PRNewswire/ -- A leading technology, brand, and manufacturing company and an enabler of smart and sustainable living, Computime Grou...

Source: philippinetimes.com

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Republic Of United States Pak Hong Bernard Asia Pacific Contract Manufacturing Services Smart Solutions Braeburn Systems Computime Group Limited The Company Or Computime Group Resilient Business Performance Profit Increased Computime Group Limited Salus Controls Hong Bernard Chief Executive Officer Artificial Intelligence Machine Learning Resilient Business Performance Amid Macro Uncertainties Revenue Increased By 16 4 Yoy To Hk 184 8 Million Net Profit Increased By 3 5 Yoy To Hk 84 2 Financial Highlights For The Year Ended 31 March Fy2022 Fy2021 Change Revenue 4 184 8 3 596 7 16 4 Gross Profit 537 3 465 8 15 Attributable To Owners Of The Company 84 2 81 5 Basic Earnings Per Ordinary Share Hk Cents 10 01 9 69 Hong Kong July 5 022 Prnewswirea Leading Technology Nd Manufacturing Company And An Enabler Of Smart Sustainable Living Omputime Group Limited The Quot Company Or Computime

Coast Guard flags 'absence' of lifeguards in NegOr resorts

Published: June 27, 2022

LIFEGUARD TRAINING. The Philippine Coast Guard in Negros Oriental is set to train 45 lifeguards for resorts in Dauin town. The Coast Guard highlighted the need for lifeguards in these areas as tourism is picking up in the province amid the easing of Covid-19 restrictions. (PNA photo by Judy Flores Partlow) DUMAGUETE CITY - The Coast Guard Station in Negros Oriental on Monday highlighted the importance of training and employing lifeguards in different resorts in the province to ensure the safety of tourists as they gear up to train the first batch next week. Lt. Junior Grade Mark Tolentino, com...

Source: philippinetimes.com

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Negros Oriental Mark Tolentino Glenn Carballo Philippine News Agency Negros Oriental Dive Association Coast Guard Station Junior Grade Mark Tolentino Coast Guard Basic Life Support Provincial Tourism Unit Coast Guard Accredited Lifeguard Training The Philippine Coast Guard In Negros Oriental Is Set To Train 45 Lifeguards For Resorts Dauin Town Highlighted Need These Areas As Tourism Picking Up Province Amid Easing Of Covid 19 Restrictions Pna Photo By Judy Flores Partlow Dumaguete City Station On Monday Importance And Employing Different Ensure Safety Tourists They Gear First Batch Next Week Lt Junior Grade Mark Tolentino Ommander Of The Coast Guard Station Here Old The Philippine News Agency Pna That Many Resorts With Beach Fronts And Or Swimming Pools Do Not Have Lifeguards Quot It Is Sop Standard Operating Procedure Must Be Stationed At These To Respond Emergencies Pecifically Drowning Or Even Swimmers Snorkelers Coming Down With Muscle Cramps Uot He Said In Mixed English And Filipino Tolentino This Is Important As Local Foreign Tourists Have Started To Flock Tourist Destinations The City Pandemic Restrictions Been Eased That For Starters He Negros Oriental Dive Association Noda Eaded By Glenn Carballo As Requested The Coast Guard Here To Conduct Training For 45 Lifeguards Member Resorts Will Be From July 4 8 Lthough The Venue Has Yet To Be Identified E Said They Will Be Trained In Basic Life Support And First Aid Mong Others E Added He Said They Have Already Issueda Memorandum Circular Requiring Resorts To Employ Lifeguards Before Can Operate Tolentino Are Looking Discuss The Matter With Provincial Tourism Unit And Other Local Officials For It Be Adopted Measure Is In Effect Bohol E Added Tolentino Also Recommended The Establishment Ofa Coast Guard Accredited Group That May N Turn

Economist weighs impact of peso depreciation vs. US dollar

Published: June 24, 2022

WEAKER PESO SEEN.The Philippine peso is seen to weaken further against the US dollar on expectations for more hikes in the Bangko Sentral ng Pilipinas' (BSP) key rates. Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort cited that while this has benefited several sectors, the upticks in prices of fuel and other commodities have erased gains from the peso's weakening.(Photo from RCBC) MANILA -The Philippine peso is seen to weaken further against the US dollar as central banks continue to hike key rates to help address the elevated inflation rate and to withdraw...

Source: philippinetimes.com

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San Carlos Negros Occidental Michael Ricafort Bangko Sentral Rizal Commercial Banking Corporation Philippine News Agency National Capital Region Commercial Banking Corporation Monetary Board Weaker Peso Seen The Philippine Is To Weaken Further Against Us Dollar On Expectations For More Hikes In Bangko Sentral Ng Pilipinas 39 Bsp Key Rates Rizal Commercial Banking Corporation Rcbc Chief Economist Michael Ricafort Cited That While This Has Benefited Several Sectors He Upticks In Prices Of Fuel And Other Commodities Have Erased Gains From The Peso 39s Weakening Photo Rcbc Manila Philippine Is Seen To Weaken Further Against Us Dollar As Central Banks Continue Hike Key Rates Help Address Elevated Inflation Rate Withdraw Pandemic Related Measures On Friday He Local Currency Almost Touched The 55 Level Against Greenback When It Depreciated To 54 999 Mid Trade Finished Week At 985 Us Dollar Ts Weakest In More Than 16 Years Or Since October 27 005 When It Ended The Trade At 55 08 Rizal Commercial Banking Corporation Rcbc Chief Economist Michael Ricafort Na Reply To Questions From The Philippine News Agency Uot The Peso Exchange Rate Would Now Be Partlya Function Of Expected Hike In Local Policy Rates Coming Months Quot Bangko Sentral Ng Pilipinas 39 Bsp Making Monetary Board Mb Has Increased Central Bank 39s Key Bya Total 50 Basis Points 5 Basis Points Each Last May 19 And June 23 Both Decisions Were Made To Help Address The Accelerating Inflation Rate Hich Surpassed The Government 39s 2 4 Percent Target Band Since Last April When It Rose To 9 And Then 5 Following Month Average Inflation Date Is At 1 Monetary Authorities Project This Year Due Rise In Global Oil Non Commodity Prices As Well Domestic Supply Issues For Fish Mong Others Economists Said The Bsp Needs To Also Increase Its Key Rates Limit Interest Rate Differentials With Us Ollowing The Total Of 150 Basis Points Increase In Fed Rates Since Last March To Date He Bsp 39s Overnight Reverse Repurchase Rrp Rate Is At 2 5 Percent While The Fed Key Rates Now Between 1 75 Ricafort Said Quot Peso Depreciation In Recent Weeks Months Already More Than Makes Up For Narrower Premium Interest Differentials Philippines And Us Borrowing Relatively E Said Depreciation Of The Local Currency Is Inflationary As This Lowers Value Peso Against Us Dollar Hich In Turn Makes Imported Products Such As Oil And Other Commodities Hich Have Been Posting Record Highs Ricier Quot Thus

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