Saturday, January 19, 2019

Sep 06 18, 4:35 pm

Henry Sy Sr. passes away at 94

Business tycoon and Philippines' richest man Henry Sy Sr. passed away on Saturday, January 19. In a statement, the SM Supermalls management confirmed that the 94-year-old businessman has "peacefully died in his sleep". "With deep sadness, I would like to inform the...

Sri Lankan president all praises for Duterte’s drug war

Sri Lankan President Maithripala Sirisena on Wednesday, January 16, praised President Rodrigo Duterte’s war against drugs and dubbed it as “an example to the whole world”. During a state banquet as a part of Sirisena’s state visit in the Philippines, the Sri Lankan...

Man dies, mother and daughter sustain injuries in Sharjah attack

Authorities are now investigating the incident which took place in a building in Al Butina area, Sharjah which took the life of a 46-year-old Sudanese man and left a 33-year-old Indian woman and her daughter injured. A police team immediately went to the scene of the...

Peso further slides to 13-year low at Php53.80; dirham-peso at Php14.66

by | News

Philippine peso on Thursday, September 6, closed at Php53.80, its lowest in 13 years, as investors switch to dollar due to fast inflation rate in the country.

From hitting a 12-year low on Wednesday, September 5, at Php53.55, the Philippine peso slipped further to Php53.80. The last time the Philippine currency was this low was December 2005, reported Inquirer.

The drop between the two days is also considered as the steepest drop of peso since June 2008.

Meanwhile, dirham-peso exchange has surpassed the 14.60 mark at Php14.66 on Thursday, September 6, as per XE Currency Converter.

Rising inflation

A government report released on Wednesday, September 5, revealed that the Philippines’ inflation rate in August 2018 hit 6.4 percent, a new high in nearly a decade.

The new record high Inflation rate is only 0.2 percent shy from the 6.6 percent inflation rate recorded in March 2009.

For the past six months, inflation rate also exceeded the Bangko Sentral ng Pilipinas’ estimates of two to four percent.

Despite this, Budget Secretary Benjamin E. Diokno said the inflation is expected to slow down in the last quarter of the year. This was echoed Bangko Sentral Governor Nestor Espenilla who said that inflation will return within the comfort range next year.

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The Pope: Up Close & Personal in UAE

The Pope: Up Close & Personal in UAE

As the UAE, together with thousands of Catholic faithful residing and working here, thrills for the forthcoming visit of His Holiness Pope Francis to the UAE, many Filipinos are already in great anticipation of what will be the first-ever visit of a Pope in the Middle...

Birth Certificates not required for Passport Renewal – DFA

Birth Certificates not required for Passport Renewal – DFA

The Department of Foreign Affairs has released a department order clarifying the document requirements needed for the renewal of regular passports following the incident where an ex-DFA passport maker took off with applicants’ data. The event caused quite a stir among...

Henry Sy Sr. passes away at 94

Business tycoon and Philippines' richest man Henry Sy Sr. passed away on Saturday, January 19. In a statement, the SM Supermalls management confirmed that the 94-year-old businessman has "peacefully died in his sleep". "With deep sadness, I would like to inform the...

Why is it costly to repatriate bodies abroad?

Following the death of the overseas Filipino worker (OFW) couple, Leomer and Erika Joyce Lagradilla, a fundraising page was created in order to collect enough funds to bring their remains back home. According to the page, a total of Php1,268,000 was needed to...

Sri Lankan president all praises for Duterte’s drug war

Sri Lankan President Maithripala Sirisena on Wednesday, January 16, praised President Rodrigo Duterte’s war against drugs and dubbed it as “an example to the whole world”. During a state banquet as a part of Sirisena’s state visit in the Philippines, the Sri Lankan...

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THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 1 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

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