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China propaganda app fraught with security concerns – report

Oct 17, 2019 - 2:38 PM

While the Communist Party advertises it as /a way for citizens to prove their loyalty and study their country, the app's maintainers are studying them right back,' The Open Technology Fund says

STUDY TO MAKE CHINA STRONG. This photo taken on February 20, 2019 shows a phone app called "Xuexi Qiangguo" or "Study to make China strong" with an image of China's President Xi Jinping in Beijing. File photo by Greg Baker/AFP

Going green, trade war challenge world auto industry – IMF

Oct 16, 2019 - 1:00 PM

'Near-term prospects for the [auto] industry remain sluggish,' says the International Monetary Fund

(FILES) In this file photo taken on November 1, 2017 shows a Chinese employee working on a production line of automobiles at a factory in Changchun in China's northeastern Jilin province. - There is trouble on the horizon for the global auto industry, which faces new European anti-pollution standards, shrinking Chinese tax breaks and rising trade barriers, according to the International Monetary Fund.In a report published October 15, 2019 on the global economy, the IMF casts a glance at this manufacturing sector, which is confronting a fundamental transition: "decarbonization."The industry contracted last year for the first time since the global financial crisis began, contributing to the current global economic slowdown."Near-term prospects for the industry remain sluggish, and efforts to decarbonize pose a fundamental challenge in the medium term," the report said.Auto manufacturing -- which accounts for 5.7 percent of global GDP and eight percent of goods trade -- shrank by 1.7 percent last year by volume of vehicles produced, according to the IMF.In China, the world's largest auto market, auto sales fell by three percent, their first decline in 20 years. Similar declines were recorded in Germany, Italy and Britain. In the United States, sales have continued to rise, but only slightly. (Photo by STR / AFP) / China OUT

IMF sharply cuts Iran, Saudi growth forecasts for 2019

Oct 16, 2019 - 12:15 PM

The International Monetary Fund expects Iran's economy to contract by a massive 9.5% in 2019, while the growth forecast for Saudi Arabia is cut to just 0.2%

IMF cuts 2019, 2020 eurozone growth outlook as Germany lags

Oct 16, 2019 - 10:55 AM

The International Monetary Fund says Germany, Europe's biggest economy, is laid low by a slumping auto market

IMF trims 2019 China growth forecast as U.S. tariffs bite

Oct 16, 2019 - 9:15 AM

The International Monetary Fund now expects China's economy to grow 6.1% in 2019, instead of the 6.2% previously forecast

Construction workers buy snacks at a food stall in Beijing's central business district on January 18, 2019. - China's economy grew at its slowest pace in almost three decades in 2018, analysts in an AFP poll said on January 18, as the government struggles to contain ballooning debt and a bruising trade war with the United States. (Photo by GREG BAKER / AFP)

Global economic outlook 'precarious,' no room for mistakes, IMF warns

Oct 15, 2019 - 11:34 PM

The US-China trade war alone is estimated to shrink the world economy by 0.8% in 2020, the International Monetary Fund says

GLOBAL ECONOMY. The International Monetary Fund logo is seen 05 April 2007 in Washington, DC.  File photo by Tim Sloan/AFP

Milked dry? COA calls for probe into Nabcor's P100-million dairy goat project

Oct 14, 2019 - 6:30 PM

The Commission on Audit says the goals of the 2009 Dairy Goat Development Project 'were not fully realized' due to anomalies

Image of goats from Shutterstock

$14 billion goal in sight for fighting AIDS, TB, malaria

Oct 11, 2019 - 8:04 AM

Promises for replenishment money are made at meeting in France of the Global Fund to Fight AIDS, Tuberculosis and Malaria

FUNDS. (From left) Irish rock band U2 singer Bono, Microsoft founder, Bill Gates and French President Emmanuel Macron attend the announcement of the final amount raised for the Global Fund to Fight HIV, Tuberculosis and Malaria on October 10, 2019, in Lyon, central eastern France. Photo by Ludovic Marin/AFP

Supreme Court rules some lump-sum discretionary funds as legal

Oct 09, 2019 - 11:08 AM

Four kinds of 'lump-sum' discretionary funds from 2014 are declared as constitutional for constituting singular correspondence

Supreme Court of teh Philippines in Padre Faura, Manila

New IMF chief Georgieva says world suffering 'synchronized slowdown'

Oct 08, 2019 - 11:28 PM

Kristalina Georgieva also calls for a ramp-up in carbon taxes to address the other challenge facing the global economy: climate change

IMF. New IMF Managing Director Kristalina Georgieva, speaks about the key issues to be addressed at the upcoming IMF / World Bank Annual Meetings, at the International Monetary Fund headquarters on October 8, 2019 in Washington, DC. Photo by Mark Wilson/Getty Images/AFP

Kristalina Georgieva named IMF managing director

Sep 26, 2019 - 4:10 PM

'It is a huge responsibility to be at the helm of the IMF at a time when global economic growth continues to disappoint, trade tensions persist, and debt is at historically high levels,' says Kristalina Georgieva

Newly selected International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks at a press conference at the IMF headquarters on September 25, 2019, in Washington. - The IMF on Wednesday formally selected Georgieva of Bulgaria to be only the second woman to lead the 189-member institution. (Photo by Eric BARADAT / AFP)

Supreme Court OKs Elenita Binay's trial over hospital beds case

Sep 24, 2019 - 8:20 PM

The camp of former Makati City mayor Elenita Binay says they will appeal

GRAFT TRIAL. A Supreme Court ruling allows the Sandiganbayan to continue its trial of former Makati City mayor Elenita Binay for graft and malversation over the alleged anomalous purchase of hospital beds.

Transfer Duterte's 'blackhole' confidential funds to services instead – lawmakers

Sep 16, 2019 - 4:23 PM

Are President Rodrigo Duterte's large confidential and intelligence funds being used to target his critics? ask progressive lawmakers in the House of Representatives

President Rodrigo Roa Duterte discusses matters with National Security Adviser Hermogenes Esperon Jr., Interior and Local Government Secretary Eduardo Año, and Executive Secretary Salvador Medialdea on the sidelines of the Joint 69th National Security Council and 70th National Intelligence Coordinating Agency Founding Anniversary on July 31, 2019. KING RODRIGUEZ/PRESIDENTIAL PHOTO

DR Congo ex-health exec nabbed for stealing Ebola funds

Sep 14, 2019 - 10:56 PM

Officials say former health minister Oly Ilunga was about to flee the country when he was arrested

EBOLA VACCINE. Nurses working with the WHO (World Health Organization) administer the Ebola vaccine to a local doctor at the town all of Mbandaka on May 21, 2018 during the launch of the Ebola vaccination campaign. Photo by Junior Kannah/AFP

P32 billion used for disaster risk reduction, management in 2018 – COA

Sep 08, 2019 - 7:25 PM

The Commission on Audit report also highlights several projects in line with mitigating risks in the face of disasters in the Philippines

Workers clear debris from a landslide and fallen posts in Barangay Poksukan, Mines View in Baguio City, brought about by the heavy rains and winds that Typhoon Ompong. Baguio still has no electricity in major parts of the city. September 16, 2018. Photo by Maria Tan/Rappler

Senate identifies 21 schools tapped to train Filipino farmers for free

Sep 07, 2019 - 3:25 PM

A portion of the P10 billion Rice Competitiveness Enhancement Fund is a P1 billion allocation to bankroll the free training courses of the farmers to modernize their skills

TEACHING FARMERS. A group of farmers manually thresh out the rice seeds from its stalks after the harvest. File photo by John Novis/Greenpeace

WWF’s mission in 2030: ‘No Plastics in Nature’

Sep 06, 2019 - 2:44 PM

Independent conservation group World Wide Fund is working together with various stakeholders to reduce plastic pollution

EU makes 780 million euros available in emergency funding for Brexit

Sep 04, 2019 - 9:18 PM

Most of the money is to come from the Emergency Solidarity Fund, usually used to respond to natural disasters such as floods and earthquakes

Basagan ng Trip with Leloy Claudio: Why finance experts should challenge mutual funds in PH

Aug 30, 2019 - 6:26 PM

Have you invested in mutual funds in the Philippines? This episode explains how and why you are being shortchanged.

Duterte's office has highest confidential, intel funds in proposed 2020 budget

Aug 28, 2019 - 8:48 AM

The allocation is even higher than what is to be given to the police and the military

Tel Aviv beaches fall foul in Israel's passion for plastic

Aug 24, 2019 - 6:00 PM

A June report by the World Wide Fund for Nature (WWF) ranks Tel Aviv's coastline as the third most polluted by plastic waste in the Mediterranean, behind Barcelona and southern Turkey

A plastic cup left behind by beachgoers is pictured on the sand on a beach in the Israeli coastal city of Tel Aviv on June 21, 2019. A report in June 2019 by the Worldwide Fund for Nature (WWF) ranked Tel Aviv's coastline as the third most polluted by plastic waste in the Mediterranean, behind Barcelona and Turkey’s Cilicia region.  JACK GUEZ / AFP

Duterte gov't wants to almost double Malacañang confidential, intel funds for 2020

Aug 22, 2019 - 2:44 PM

(UPDATED) The Duterte administration seeks P4.5 billion for the Office of the President's confidential and intelligence funds, a P2-billion hike from the previously requested P2.5 billion

President Rodrigo Roa Duterte shares a light moment with some members of the cabinet on the sidelines of the Joint Armed Forces of the Philippines-Philippine National Police Command Conference at the Malacañan Palace on August 8, 2019. RICHARD MADELO/PRESIDENTIAL PHOTO

IMF tells Trump: It's not working

Aug 22, 2019 - 10:31 AM

In unusually blunt language, the IMF blog post says US policy moves are counterproductive, won't achieve the desired results, and will slow the global economy

NOT WORKING. File photo of US President Donald Trump. Photo by Saul Loeb/AFP

Courtesy of Supreme Court: Everyone in PCSO intel fund scam now cleared

Jul 30, 2019 - 4:17 PM

It all started with a Lucas Bersamin ponencia in 2016 that created a domino effect in clearing all 10 officials in the P365-million intelligence fund scam

Supreme Court of the Philippines in Padre Faura, Manila. Photo by LeAnne Jazul/Rappler

IMF slashes Mideast growth projections over Iran sanctions

Jul 23, 2019 - 11:35 PM

The International Monetary Fund projects 2019 economic growth for the Middle East, North Africa, Afghanistan, and Pakistan would be 1%, its worst since the IMF put them in one group in 2009

IMF downgrades world growth, warns of 'precarious' 2020

Jul 23, 2019 - 11:00 PM

The International Monetary Fund trims its global growth forecasts to 3.2% in 2019 and 3.5% in 2020, as trade tensions persist

Duterte seeks passage of coco levy bill after vetoing it

Jul 22, 2019 - 9:20 PM

'I also have not forgotten my commitment,' says President Rodrigo Duterte on the coco levy funds

To Go With Philippines-weather-storm-poverty,FEATURE by Cecil Morella This photo taken on December 10, 2014, a coconut farmer preparing coconuts to be made of copra, at a coconut farm just next to the seashore in Hernani town, Eastern Samar province, central Philippines. Life is a constant throw of the dice for farmer Nilo Dilao and other residents of the Philippine island of Samar, the gateway for many of East Asia's deadliest storms. AFP PHOTO/TED ALJIBE (Photo by TED ALJIBE / AFP)

Africa poses critical challenge for World Bank, IMF

Jul 21, 2019 - 8:15 PM

There is a need for massive investment in infrastructure and job creation in the coming years just to keep pace with Africa's growing population

POVERTY. People walk along an open sewer in a slum in Africa. Photo from Shutterstock

Duterte vetoes 7 bills in first 3 years in office

Jun 26, 2019 - 10:34 AM

Among the vetoed bills are the twin measures that would have fulfilled President Duterte's campaign promise to coconut farmers

Pag-IBIG 'illegally' increased salaries in 2018 by P248 million – COA

Jun 19, 2019 - 6:14 PM

Auditors want a refund of the excess salaries

Drilon calls for special audit of PhilHealth funds

Jun 08, 2019 - 3:26 PM

Senate Minority Leader Franklin Drilon also says the Senate minority bloc will file a resolution seeking an investigation into the alleged payment of PhilHealth funds for 'ghost' kidney treatments

SENATE MINORITY LEADER. Senate Minority Leader Senator Franklin Drilon wants an investigation into the alleged anomalies in PhilHealth. File photo by Angie de Silva/Rappler

How to transfer funds via QR codes on BPI

Jun 08, 2019 - 12:35 PM

Transferring via QR codes is currently the only free option users have when transferring to an unenrolled account

IMF upgrades U.S. growth forecast but warns of rising risks

Jun 06, 2019 - 10:35 PM

The International Monetary Fund expects the United States economy to grow by 2.6% in 2019, but says the country must quickly resolve its trade war with China

Chinese shipping containers are stored beside a US flag after they were unloaded at the Port of Los Angeles in Long Beach, California on May 14, 2019. - Global markets remain on red alert over a trade war between the two superpowers China and the US, that most observers warn could shatter global economic growth, and hurt demand for commodities like oil. (Photo by Mark RALSTON / AFP)

IMF's Lagarde: Resolving trade tensions 'immediate priority' for G20

Jun 06, 2019 - 6:00 PM

International Monetary Fund chief Christine Lagarde describes the United States and China's tit-for-tat tariffs as 'self-inflicted wounds that must be avoided'

Signs with the US flag and Chinese flag are seen outside a store selling foreign goods in Qingdao in China's eastern Shandong province on September 19, 2018. - China on September 18 announced tariffs on US goods worth $60 billion in retaliation for President Donald Trump's decision to slap duties on $200 billion in Chinese products next week. (Photo by STR / AFP) / China OUT

IMF slightly lowers China's 2019 GDP growth forecast to 6.2%

Jun 05, 2019 - 7:20 PM

The International Monetary Fund points to China's trade war with the United States, warning that 'growth will suffer'

This picture taken on May 14, 2019 shows workers making clothes for export at a factory in Quanzhou in China's eastern Fujian province. (Photo by STR / AFP) / China OUT

Venezuela claims 130,000% inflation, below international estimates

May 29, 2019 - 6:24 PM

Millions of people have fled the country as astronomical rises in the cost of consumer goods and broader economic woes have made food and basic supplies unobtainable for average people

Malaysia to ship back hundreds of tons of plastic waste

May 28, 2019 - 5:48 PM

'We urge developed countries to stop shipping garbage to our country,' says Yeo Bee Yin, Malaysia's minister of energy, technology, science, environment and climate change

PLASTIC WASTE. A member of the media takes pictures of containers filled with plastic waste before shipping back to the country of origin in Port Klang, west of Kuala Lumpur on May 28, 2019. Photo by Mohd Rasfan/AFP

Malaysia's last male Sumatran rhino dies – officials

May 27, 2019 - 7:05 PM

The cause of the animal's death is not immediately clear, but previous media reports have suggested it was suffering from kidney and liver problems

ENDANGERED. Once found as far away as eastern India and throughout Malaysia, the Sumatran rhino has been almost wiped out, with fewer than 80 left, according to the World Wildlife Fund. Rhino file photo from Shutterstock

IMF warns U.S.-China trade war will 'jeopardize' 2019 global growth

May 23, 2019 - 10:54 PM

'Consumers in the US and China are unequivocally the losers from trade tensions,' Gita Gopinath, the International Monetary Fund's chief economist, says in a blog post

IMF aid programs mostly help but need fine-tuning – report

May 21, 2019 - 4:15 PM

An International Monetary Fund review finds that aid packages serve as 'shock absorbers' but also face obstacles, such as economic growth forecasts that proved too optimistic

TRADE TENSIONS. International Monetary Fund Managing Director Christine Lagarde addresses the Paris Forum at the Economy Ministry in Paris on May 7, 2019. Photo by Eric Piermont/AFP

IMF chief says U.S.-China tensions 'threat' to world economy

May 07, 2019 - 8:50 PM

International Monetary Fund Managing Director Christine Lagarde also says recent 'rumors and tweets' make an agreement between the United States and China less likely

IMF Managing Director Christine Lagarde addresses the Paris Forum at the Economy Ministry in Paris on May 7, 2019. (Photo by ERIC PIERMONT / AFP)

Graft charges filed vs ex-Nueva Ecija congressman over pork barrel scam

May 07, 2019 - 10:40 AM

The Office of the Ombudsman also files criminal charges against 3 Department of Agriculture officials and 4 others, including Janet Napoles

AURELIO UMALI. Image of Aurelio Umali from Facebook.

Pakistan's finance minister resigns ahead of IMF deal

Apr 18, 2019 - 8:17 PM

Asad Umar resigns as the Pakistan government faces growing pressure with the rupee losing 30% of its value since 2018

RESIGNED. Asad Umar announces his resignation through Twitter on April 18. Photo from Umar's Facebook Page

Brexit delay averts 'terrible outcome' – IMF's Lagarde

Apr 12, 2019 - 12:57 PM

However, the IMF chief says: 'It's obvious that it's continued uncertainty and it does not resolve, other than by postponing what would have been a terrible outcome'

ARAB DEBT. Christine Lagarde warns of high public debt among Arab nations. File photo courtesy of the IMF

Farmers call on gov't to stop farm struggle, pass Coconut Trust Fund

Apr 11, 2019 - 5:11 PM

Kilus Magniniyog hopes to reclaim the coco levy funds – money collected from coconut farmers during the time of the late dictator Ferdinand Marcos

TRUST FUND. Coconut farmers marched from the Philippine Coconut Authority to Mendiola to protest the low prices of copra and to call for the passage of their version of the Coconut Farmers’ Trust Fund. Photo courtesy of Kilus Magniniyog

IMF cuts global growth estimate to 3.3% as world economy loses steam

Apr 09, 2019 - 9:23 PM

The IMF's World Economic Outlook once again downgrades global growth to 3.3% for 2019, two tenths lower than the global crisis lender forecast in January and 4 tenths lower than October

IMF. In this file photo taken on September 4, 2018, the logo of the International Monetary Fund is seen at the IMF headquarters in Washington, DC. File photo by Jim Watson/AFP

Google pulls news grant to Hungary propaganda outlet

Apr 04, 2019 - 12:59 PM

Google pulls its news grant to New Wave Media Group, described by an independent journalist group as 'one of the staunchest supporters of the corrupt regime led by the far-right Prime Minister Viktor Orban'

GOOGLE. A picture taken on February 5, 2019 shows the Google logo displayed on a tablet in Paris. Photo by Lionel Bonaventure/AFP


'Precarious' global rebound expected in late 2019 – IMF's Lagarde

Apr 03, 2019 - 1:15 PM

International Monetary Fund Managing Director Christine Lagarde says the world economy is vulnerable to shocks from Brexit, high debt levels, and trade tensions

International Monetary Fund (IMF) Managing Director Christine Lagarde speaks at the US Chamber of Commerce April 2, 2019, in Washington, DC. - Global growth in 2019 should be even slower than previously expected but a "precarious" rebound is likely later this year, the head of the International Monetary Fund said Tuesday. In a speech ahead of next week's spring meetings with the World Bank, IMF chief Christine Lagarde said the world economy was vulnerable to shocks from Brexit, high debt levels and trade tensions, as well as unease on financial markets. (Photo by Brendan Smialowski / AFP)

Sandiganbayan clears Dimaporo of graft in fertilizer fund scam

Mar 31, 2019 - 8:15 PM

The Sandiganbayan says prosecutors failed to present enough evidence that Abdullah Dimaporo, formerly Lanao del Norte governor and now congressman, falsified documents in 2004

Eurozone 'not resilient enough' to weather another economic crisis – IMF chief

Mar 28, 2019 - 9:33 PM

IMF Managing Director Christine Lagarde says the currency union 'is not resilient enough' to emerge unscathed from 'unexpected economic storms'

LAGARDE. International Monetary Fund chief Christine Lagarde in Frankfurt am Main, Germany, April 5, 2016. File photo by Daniel Roland/AFP