Even as the country grapples with rising food costs and high ...
Synopsis by RAPPLER Jan 31 23
Even as the country grapples with rising food costs and high inflation, almost one in every two Filipinos said life will get better in 2023 ...Read full articleRAPPLER: Even as the country grapples with rising food costs and high ...
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| Last Updated | Jan 31 23 |
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JPMorgan warns of need for ‘reality check’ on phasing out fossil fuels: US bank says higher interest rates, inflation and global conflict have dented outlook for ...
ft.com/content/352b38a7-f298-4b54-adc2-f4cc1b17444b
Quick Glance: JPMorgan warns of Need for 'Reality Check' on Phasing out Fossil Fuels
- JPMorgan warns of setbacks in transitioning to renewable energy due to higher interest rates, inflation, and global conflicts.
- Investment in renewable energy currently offers subpar returns, potentially leading to social unrest.
- JPMorgan forecasts increasing demand for oil and gas until 2030, highlighting challenges in transitioning to renewable energy.
- Wood Mackenzie warns of the impact of higher interest rates on transitioning to a global net-zero economy, especially for renewables and nuclear power.
India to deliver BrahMos missile to Philippines, India's first major defence export deal
wionews.com/videos/india-to-deliver-brahmos-missile-to-philippines-indias-first-major-defence-export-deal-712780
Cash: Germans' assets at record value - Daily money is also popular: The Germans have more money in their pockets again. The reason for this is higher interest ...
t-online.de/finanzen/aktuelles/id_100388504/bargeld-vermoegen-der-deutschen-auf-rekordwert-auch-tagesgeld-beliebt.html
Quick Glance: Record: Germans Hold 7716 Billion Euros in Wealth
- German private individuals hold a net wealth of 7716 billion euros.
- Stocks and investment funds saw significant gains in the last quarter.
- Cash and bank deposits remain the largest component of wealth.
- Household net wealth increases by 244 billion euros to 5560 billion euros.
Bag of Rice Still Selling for Up to N84,000 in Lagos: To verify if a bag of rice indeed sells for N60,000, FIJ took to two food markets in Lagos to ask the ...
fij.ng/article/bag-of-rice-still-selling-for-up-to-n84000-in-lagos/
Escalating Middle East tensions a fresh jolt to world markets: Reports of an Israeli attack on Iranian soil that possibly drags the Middle East into a deeper ...
reuters.com/markets/global-markets-middle-east-graphic-2024-04-19/
Philippines says decision to strengthen ties with Japan, US a 'sovereign choice': The Philippines' decision to ramp up ties with Japan and the United States is a ...
reut.rs/4b08uiE
Average mortgage holder spending record $2,800 on monthly payments: The median monthly mortgage payment jumped 11% in the past year due to surging interest rates ...
businessinsider.com/mortgage-payments-housing-market-interest-rates-house-prices-sales-2024-4
Quick Glance: Mortgage Rates Surge Above 7% in 2024, Posing Major Dilemma for Homebuyers
- US mortgage rates have surged above 7%, increasing costs for homebuyers.
- The rise in mortgage rates impacts monthly costs, limiting purchasing power.
- Uncertainty surrounding rate trends poses a decision dilemma for potential homebuyers.
- Experts anticipate a moderate easing of mortgage rates later in the year.
Philippines, New Zealand eye forces deal, share concern over South China Sea: Philippines President Ferdinand Marcos Jr. and New Zealand Prime Minister ...
reuters.com/world/asia-pacific/philippines-new-zealand-eye-forces-deal-share-concern-over-south-china-sea-2024-04-18/
In a first, India delivers first batch of BrahMos supersonic cruise missiles to Philippines | Video | Mint
livemint.com/news/india/india-brahmos-supersonic-cruise-missiles-philippines-brahmos-export-brahmos-aerospace-china-11713516329650.html
Petrol and diesel back to nearly €2 a litre as drivers hit by biggest price rise this year
independent.ie/business/personal-finance/petrol-and-diesel-back-to-nearly-2-a-litre-as-drivers-hit-by-biggest-price-rise-this-year/a1753249448.html
Few in new poll say Biden law has helped fight climate change: Very few Americans believe the Inflation Reduction Act (IRA), signed into law by President Biden ...
trib.al/XuRnSYN
Street food sensation Diwata, arrested: Food sensation Diwata or Deo Balbuena in real life was arrested due to slight physical injuries filed against him in 2018 ...
news.abs-cbn.com/entertainment/2024/4/18/street-food-sensation-diwata-inaresto-1452
Social Security cost of living boost in 2025? Early estimate calls for 2.6% increase
freep.com/story/money/personal-finance/susan-tompor/2024/04/18/how-high-could-inflation-drive-social-security-cola-hike-in-2025/73327853007/
If the Reserve Bank were a football coach, it would have been sacked eons ago: The bank’s job is to hold inflation between 2 and 3 per cent. Since mid-2014 ...
smh.com.au/politics/federal/if-the-reserve-bank-were-a-football-coach-it-would-have-been-sacked-eons-ago-20240418-p5fkv9.html
Philippines, New Zealand to Boost Trade, Maritime Security Ties: The Philippines and New Zealand are working on agreements on military visits and logistics ...
bloomberg.com/news/articles/2024-04-18/philippines-new-zealand-to-boost-trade-maritime-security-ties
BINI nears 3 million monthly listeners on Spotify: BINI's listeners count on Spotify has been on a steady climb from 1.3 million three weeks ago to 3 million ...
news.abs-cbn.com/entertainment/2024/4/19/bini-breaches-3-million-monthly-listeners-on-spotify-916
Should you wait for interest rate cuts to buy a house?: Once interest rates fall, property prices would likely go up, but buyers could borrow more money ...
smh.com.au/property/news/should-you-wait-for-interest-rate-cuts-to-buy-a-house-20240418-p5fkv8.html
Stock market today: Stocks slide for the 5th straight session: The S&P 500 hit its worst losing streak since last October as investors recalibrate amid forecasts ...
markets.businessinsider.com/news/stocks/stock-market-news-fifth-loss-fed-speakers-rate-cuts-delay-2024-4
Friendship over? Jayda confirms disagreement with Francine Diaz: Singer-actress Jayda Avanzado confirms "disagreement" with ex-best fiend Francine Diaz.
news.abs-cbn.com/entertainment/2024/4/18/friendship-over-jayda-confirms-disagreement-with-francine-diaz-2041
PVL: Creamline reasserts mastery of Choco Mucho: Creamline continued its mastery of Choco Mucho, 25-17, 25-22 25-19.
news.abs-cbn.com/sports/2024/4/18/pvl-creamline-reasserts-mastery-of-choco-mucho-1705
The truth comes out: US is paying dearly for outperformance : The United States is floating on a giant pumped-up air mattress of excess federal spending and no ...
thehill.com/opinion/finance/4602451-the-truth-comes-out-us-is-paying-dearly-for-outperformance/
Trump Media tells shareholders how to block their DJT stock being loaned to short sellers
cnbc.com/2024/04/18/trump-media-tells-djt-shareholders-how-to-block-short-sellers.html
Bea de Leon fulfills her dream of playing with Michele Gumabao in Araneta: After 11 long years, Bea de Leon has finally fulfilled her dream of playing with ...
news.abs-cbn.com/sports/2024/4/19/bea-de-leon-fulfills-dream-of-playing-with-michele-gumabao-in-araneta-1237
UP 2024 college admission results are out: This is the first time that UP administers the UPCAT again after the COVID-19 pandemic
rappler.com/philippines/university-up-college-admission-results-upcat-2024/
How much money do you need to retire? Most Americans calculate $1.8 million, survey says.
usatoday.com/story/money/personalfinance/2023/08/02/how-much-money-americans-need-for-retirement/70507274007/
Instant view: Oil, Japan's yen up on reports Israeli missiles hit Iran: Oil and gold prices rose and Japan's yen rallied on Friday on reports Israeli missiles ...
reuters.com/markets/view-oil-japans-yen-up-reports-israeli-missiles-hit-iran-2024-04-19/
Billionaire In-N-Out heiress Lynsi Snyder claims she went 'toe-to-toe' to keep prices down as Calif. fast food industry, prices slammed by minimum wage hike
nypost.com/2024/04/11/business/in-n-out-president-lynsi-snyder-went-toe-to-toe-to-keep-menu-prices-down/
Grade 8 student dead after being shot in the head: A female grade 8 student is dead after being shot in the head by an unidentified assailant in Barangay Banyaga ...
news.abs-cbn.com/regions/2024/4/18/grade-8-student-patay-matapos-barilin-sa-ulo-1705
R'Bonney Gabriel to host Miss Universe PH 2024 coronation night: She is the first Filipino-American to be crowned Miss Universe.
news.abs-cbn.com/lifestyle/2024/4/19/r-bonney-gabriel-to-host-miss-universe-ph-2024-coronation-night-1308
Cebuano vlogger apologizes for using P1-million cash as kite: It could be seen in the video that he and his friends collated P1,000 bills, amounting to P1 ...
news.abs-cbn.com/regions/2024/4/18/cebuano-vlogger-apologizes-for-using-p1-million-cash-as-kite-1226
Done in 4 days: How a crochet team pulled off outfits for BINI's Grand Pantropiko Day
news.abs-cbn.com/lifestyle/2024/4/19/how-a-crochet-team-pulled-off-outfits-for-bini-in-4-days-1009
Jed Madela gears up for birthday concert: OPM singer Jed Madela is set to mark his birthday with a special concert this coming July.
news.abs-cbn.com/entertainment/2024/4/19/jed-madela-gears-up-for-birthday-concert-1423
Man, dead after being trapped in a burning LPG store: A man died after being trapped in a burning LPG store in Bgy. 176, Bagong Silang, Caloocan ...
news.abs-cbn.com/news/2024/4/19/lalaki-patay-matapos-ma-trap-sa-nasusunog-na-tindahan-ng-lpg-1351
El Niño affecting egg sizes too: The El Nino phenomenon isn't just drying up water sources and driving up global temperatures, it is also affecting egg ...
news.abs-cbn.com/business/2024/4/18/el-ni-o-affecting-egg-sizes-too-1113
'Extreme heat affects egg size': Retailers and egg buyers are also struggling in the markets due to low egg supplies.
news.abs-cbn.com/business/2024/4/18/-matinding-init-nakakaapekto-sa-laki-ng-itlog-1829
Grade 8 student dead in shooting: A 13-year-old student was shot dead in Agoncillo, Batangas while going to school.
news.abs-cbn.com/regions/2024/4/19/grade-8-student-patay-sa-pamamaril-1835
America’s interest rates are unlikely to fall this year: That will squeeze financial markets and the world economy
economist.com/leaders/2024/04/17/americas-interest-rates-are-unlikely-to-fall-this-year
BINI's 'Pantropiko' is Spotify Top Song in PH for April 18: P-pop girl group BINI's hit song "Pantropiko" has reached new heights.
news.abs-cbn.com/entertainment/2024/4/19/bini-s-pantropiko-is-spotify-top-song-in-ph-for-april-18-2202
PH books $1.2-B BOP surplus in March; gross reserves at $104-B: The Philippines posted a balance of payments (BOP) surplus of $1.2 billion in March this year ...
news.abs-cbn.com/business/2024/4/19/ph-books-1-2-b-bop-surplus-in-march-gross-reserves-at-104-b-1420
LRT2, MRT3 to offer free rides on National Solo Parents’ Day: National Solo Parents' Day is celebrated in the Philippines every third Saturday of April
rappler.com/business/lrt2-mrt3-offer-free-rides-national-solo-parents-day-april-2024/
Vlogger turned each P1,000 money into a kite: A Cebuano vlogger apologized for turning P1,000 money into a kite and flying it.
news.abs-cbn.com/classified-odd/2024/4/18/vlogger-ginawang-saranggola-ang-tig-p1-000-pera-1943
Big bounce back as Carlos Yulo reaches vault, parallel bars finals in Doha World Cup
rappler.com/sports/results-carlos-yulo-vault-parallel-bars-fig-artistic-gymnastics-world-cup-doha-qatar-april-18-2024/
From Pampanga’s capitol to capital, Pinedas expand reach: Bong Pineda, daughter Mylyn, and son-in-law Archen transfer their registration as voters from Lubao in ...
rappler.com/newsbreak/inside-track/pineda-family-transfer-registration-san-fernando-pampanga/
Heineken Ireland is latest to hike price of pint from June: Heineken Ireland has announced that the price of its draught products will increase from June 4.
independent.ie/business/irish/heineken-ireland-is-latest-to-hike-price-of-pint-from-june/a1053458282.html
Michelle Dee returns to 'Showtime' as guest co-host: Miss Universe Philippines 2023 Michelle Dee returned to "It's Showtime" on Thursday as guest co-host.
news.abs-cbn.com/entertainment/2024/4/18/michelle-dee-returns-to-showtime-as-guest-co-host-1246
Why is the economy so strong? New hires are spending more and upgrading their lifestyles
usatoday.com/story/money/2024/04/18/strong-job-growth-bolsters-spending/73351285007/
La Carlota lad exceeds own expectation, tops electronics engineers’ exams: Electronics engineers' licensure exams topnotcher Niele Shem Bañas says online ...
rappler.com/nation/visayas/la-carlota-lad-niele-shem-banas-exceeds-expectation-takes-first-spot-electronics-engineers-exams-april-2024/
Buzzy virtual K-pop group PLAVE draws Filipino fans: The virtual K-pop boy band PLAVE has also been attracting fans in the Philippines.
news.abs-cbn.com/entertainment/2024/4/18/buzzy-virtual-k-pop-group-plave-draws-filipino-fans-1305
LTO will reissue plastic license: After a few months of backlog, the Land Transportation Office (LTO) will resume issuing plastic cards for driver's licenses.
news.abs-cbn.com/news/2024/4/19/lto-mamimigay-muli-ng-plastik-na-lisensya-1529
Philippines ‘sinking in sachets’ – brand audit: From October 2023 to February 2024, volunteers collected, catalogued, and analyzed 10,801 sachets in several ...
rappler.com/environment/findings-philippines-plastic-brand-audit-2023/
UPCAT 2024 results are out: UPCAT passers were asked to reply to the offer by May 31.
news.abs-cbn.com/news/2024/4/19/upcat-2024-results-are-out-1016
Bong Revilla 'on the road to recovery' after surgery: Sen. Ramon 'Bong' Revilla Jr. is on the road to recovery after undergoing surgery to fix his torn achilles ...
news.abs-cbn.com/entertainment/2024/4/19/bong-revilla-on-the-road-to-recovery-after-surgery-1446
'Crazy Rich Asians' to be turned into a stage musical: "Crazy Rich Asians" will have a musical stage adaptation, with the director of the 2018 movie, Jon M. Chu ...
news.abs-cbn.com/lifestyle/2024/4/19/-crazy-rich-asians-to-be-turned-into-a-stage-musical-1150
Iwa Moto, Pampi Lacson mark 12th anniversary: Iwa Moto and Pampi Lacson took to their respective Instagram accounts to share their sweet message for each other.
news.abs-cbn.com/entertainment/2024/4/18/iwa-moto-pampi-lacson-mark-12th-anniversary-1021
ABS-CBN Reporter Raphael Bosano named 2024 Metcalf Institute Fellow for Science Reporting
news.abs-cbn.com/news/2024/4/18/abs-cbn-senior-reporter-raphael-bosano-named-2024-metcalf-institute-fellow-for-science-reporting-832
China has shouldered the 'Shoulder' of PH, US: China has warned of the Philippines' alleged calling of allies in the upcoming Balikatan exercises with America.
news.abs-cbn.com/news/2024/4/18/china-binanatan-ang-balikatan-ng-ph-us-1902
Luzon grid on red alert again on Thursday, April 18: The Luzon grid will be placed on red alert again on Thursday.
news.abs-cbn.com/business/2024/4/18/luzon-grid-on-red-alert-again-on-thursday-april-18-1023
Tunisia jails journalist Mohamed Boughalleb for 6 months: Prominent journalist Mohamed Boughalleb is a fierce critic of President Kais Saied
rappler.com/world/africa/tunisia-jails-journalist-mohamed-boughalleb/
Philippine Coast Guard to join military drills with United States: The Philippine Coast Guard said Thursday it will participate for the first time in an annual ...
news.abs-cbn.com/news/2024/4/18/philippine-coast-guard-to-join-military-drills-with-united-states-935
John and Isabel Prats pen birthday message for daughter Feather: Celebrity couple John Prats and Isabel Oli Prats took to social media to greet their firstborn ...
news.abs-cbn.com/entertainment/2024/4/18/john-and-isabel-prats-pen-birthday-message-for-daughter-feather-1836
China: PH presidential envoy approved 'new model' on West PH Sea: The Chinese embassy in Manila said officials of the current administration had "agreed" on a ...
news.abs-cbn.com/news/2024/4/18/china-ph-presidential-envoy-approved-new-model-on-west-ph-sea-1547
SSS targets 2,500 informal workers for onboarding through SSS on wheels: The SSS is looking to enroll some 2,500 informal sector workers in Rizal.
news.abs-cbn.com/business/2024/4/18/sss-targets-2-500-informal-workers-for-onboarding-through-sss-on-wheels-1511
Boss Toyo throws charity bash, shares own story: Before Boss Toyo, or Jayson Luzadas in real life, stepped onto the entrepreneurial path ...
news.abs-cbn.com/lifestyle/2024/4/18/boss-toyo-throws-charity-bash-shares-own-story-1132
Lawyer, accomplice caught with P1.3-M shabu in QC: A lawyer and his accomplice were arrested in the QCPD operation in Bgy. Central in Quezon City.
news.abs-cbn.com/news/2024/4/18/abogado-kasabwat-nahulihan-ng-p1-3-m-shabu-sa-qc-845
Streetboys, Maneuvers to star in 90s 'supershow' benefit concert: Excitement is in the air as the iconic dance groups of the 90s gear up for an event ...
news.abs-cbn.com/entertainment/2024/4/17/streetboys-manoeuvres-to-star-in-90s-supershow-benefit-concert-2301
US deficit poses ‘significant risks’ to global economy, warns IMF: Fund also cites concerns over fiscal ‘imbalances’ in UK, China and Italy
ft.com/content/0d098011-0ff5-4125-8cbb-5a5b281c9bd0
Quick Glance: IMF Warns of Fiscal Deficits in US and China
- The IMF has warned the US that its massive fiscal deficits have stoked inflation and pose “significant risks” for the global economy.
- Concerns were also raised about Chinese government debt, with the country projected to have a deficit of 7.6 per cent in 2025, more than double the average for other emerging markets.
- In addition to the US and China, the fund named two more countries that “critically need to take policy action to address fundamental imbalances between spending and revenues”.
- The IMF noted that “large and sudden increases” in US borrowing costs typically lead to surges in government bond yields globally and exchange rate turbulence in emerging markets and developing economies.
UK inflation falls as crumpet and meat prices drop: New official figures show that inflation, the rate at which prices rise over time, fell again in March.
bbc.com/news/business-68833077
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
US to grow at double the rate of G7 peers this year, says IMF: Fund also upgrades inflation forecasts as strong demand and tight labour market delay possible Fed ...
ft.com/content/3b819571-662d-4185-9ca5-c7e682b55700
Quick Glance: IMF upgrades global growth forecast despite risks
- The International Monetary Fund slightly raised its global growth forecast on Tuesday, noting that the economy had proven 'surprisingly resilient' despite inflationary pressures and monetary policy shifts.
- IMF's chief economist, Pierre-Olivier Gourinchas, indicated that the global economy is heading for a 'soft landing,' with risks to the outlook now broadly balanced.
- While advanced economies are expected to lead the growth, dim prospects in China and other major emerging markets could impact global trade partners, according to the report.
- Despite Tuesday's brighter outlook, global growth remains low compared to historical standards, partly due to weak productivity growth and increasing geopolitical fragmentation.
Is it the right time to buy gold or wait as prices continue to soar: Is it the right time to buy gold as prices spiral?
timesofoman.com/article/144450-is-it-the-right-time-to-buy-gold-or-wait-as-prices-continue-to-soar
Business defaults soar as Australian house prices outpace the globe: Australian house prices are out-performing most of the world, even after inflation ...
smh.com.au/politics/federal/business-defaults-soar-as-australian-house-prices-outpace-the-globe-20240416-p5fk42.html
Philippines plans ambitious exercise with U.S. as concerns over China grow: In the military exercise, U.S. and Philippine troops will perform joint operations ...
washingtonpost.com/world/2024/04/17/philippines-balikatan-joint-military-exercise/
How California fast food restaurants raised menu prices in response to $20 minimum wage
nypost.com/2024/04/16/business/california-fast-food-restaurants-raised-prices-due-to-minimum-wage/
International Monetary Fund: Germany in last place among industrialized nations (again)
spiegel.de/wirtschaft/unternehmen/konjunktur-deutschland-auf-dem-letzten-platz-der-industrienationen-schon-wieder-a-49d8a54b-1dbe-4406-a72b-604e1115b2b4
Ringgit opens higher despite greenback strength: KUALA LUMPUR: The ringgit opened higher against the US dollar today although the greenback’s appeal as a ...
thestar.com.my/business/business-news/2024/04/17/ringgit-opens-higher-despite-greenback-strength
Darren admits 'romantic feelings' for Jayda, Kyline; 'getting to know' Jillian Ward
news.abs-cbn.com/entertainment/2024/4/17/darren-admits-romantic-feelings-for-jayda-kyline-getting-to-know-jillian-ward-1821
Philippines, US forces to simulate retaking enemy-occupied islands in joint military drills
channelnewsasia.com/asia/philippines-united-states-south-china-sea-joint-military-drills-taiwan-palawan-manila-4271776
Abandoned dog rescued after being trapped inside a wall: A dog named Wally was rescued after being trapped inside a wall for nearly a month.
news.abs-cbn.com/news/2024/4/17/abandoned-dog-rescued-after-being-trapped-inside-a-wall-1918
Did Oliver Moeller visit Kim Chiu on 'It's Showtime'?: The lawyer was directly asked if Kim Chiu was the one he visited.
news.abs-cbn.com/entertainment/2024/4/16/oliver-moeller-binisita-ba-si-kim-chiu-sa-it-s-showtime-1936
Jhong Hilario pens birthday message to wife Maia: Jhong Hilario took to Instagram to express his love and appreciation for his wife, Maia Azores, on her birthday ...
news.abs-cbn.com/entertainment/2024/4/17/jhong-hilario-pens-birthday-message-to-wife-maia-954
Rappler Talk Entertainment: SB19’s Justin on his solo debut: Two months since his debut, what has Justin learned about himself as a musician?
rappler.com/entertainment/music/interview-sb19-justin-solo-debut/
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