Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Michael Ricafort"


2 mentions found


The quake struck off Mindanao island at a depth of 60 km (37.3 miles), according to the German Research Center for Geosciences (GFZ). PHIVOLCS director Teresito Bacolcol told DZRH radio the earthquake's intensity was "destructive, so we would expect damage". The earthquake lasted several seconds, he said, advising residents to be on alert for aftershocks as strong as magnitude 6.2. Radio announcer Leny Aranego in General Santos city, close to Glan, said the quake shook buildings and desks. Michael Ricafort, an economist at the lender RCBC, said in a Facebook post passengers at General Santos City airport were evacuated to the tarmac.
Persons: Angel Dugaduga, Amor Mio, Mio, Teresito Bacolcol, Leny Aranego, Michael Ricafort, Shubhendu Deshmukh, Neil Jerome Morales, Mikhail Flores, Kanupriya Kapoor, Andrew Cawthorne Organizations: Fire, German Research Center, Geosciences, General Santos, Thomson Locations: Philippines, Fire MANILA, Mindanao, Glan, Earthquakes, Philippine, Koronadal, General Santos, Bengaluru, Manila
MANILA, July 24 (Reuters) - Philippines President Ferdinand Marcos Jr on Monday touted his administration's successes over the past year, including battling inflation and steering the economy back on track, but said a number of economic challenges lie ahead. After more than a year in office, buffeted by soaring inflation that has dented economic growth, the government is now "stabilising the prices of all critical commodities", Marcos said. "Inflation rate is moving in the right direction," he said in his second state of the nation address. Developing the long-neglected farm sector, which contributes 10% of the country's economic output, is a priority for Marcos, who also helms the agriculture ministry. The Philippines remains vulnerable to global price shocks because it buys a sizeable portion of its rice overseas, and relies on imports for most of its fuel requirements.
Persons: Ferdinand Marcos Jr, Marcos, helms, Michael Ricafort, Enrico dela Cruz, Eloisa Lopez, Bernadette Baum, Mark Potter Organizations: Rizal Commercial Banking Corp, Asia's, Thomson Locations: MANILA, Philippines, Philippine, Rizal, China, Manila, United States
Total: 2