Young Filipinos once again proved their talent in mathematics by bagging a total of 32 medals at an international math contest in India. The Philippine team won 23 gold, six silver and three bronze medals in the 7th International Young Mathematician's Convention, which was held from November 30 to December 5 in Lucknow, India. They also emerged as overall champions in the senior division, reports ABS-CBN News.
Global News Briefs
The national government’s debt levels dropped further in September as a robust economy and increased spending offset revenue losses, according to the Department of Finance (DOF). Debt management measures led to the continuing drop in the Debt to GDP ratio to 44.2% as of September 2016, an improvement from end-2015 ratio of 44.7%, reports Rappler.
Chinese coast guard ships have rescued two Filipino fishermen in bad weather at a disputed shoal and handed them back Friday to the Philippines in a show of how President Rodrigo Duterte has turned once-frosty relations with Beijing, reports the Seattle Times/AP.
Philippine President Rodrigo Duterte invited US President-elect Donald Trump to visit the Philippines in 2017, Friday evening, December 2, after a "very engaging, animated" phone conversation between the two leaders. During their brief talk, Trump invited Duterte visit him in the White House in 2017, reports Rappler.
The Department of Trade and Industry (DTI) remains bullish about the growth prospects of the country’s exports, investment inflows and the overall economy throughout the year until 2017, despite the continued weakening of the peso, reports Inquirer.net. “We have a good economic momentum and we’re hoping (the gross domestic product) growth will stay at 7 percent,” Trade Secretary Ramon M. Lopez said.
Four Southeast Asian countries (Myanmar, Philippines, Vietnam, Thailand) and two South Asia countries (Bangladesh and Pakistan) were included in the top 10 countries most affected by climate change in the past 20 years, according to German Watch’s Global Climate Risk Index, reports Rappler.
The Philippine peso weakened further for the 5th trading session to an 8-year low on Tuesday, November 22, due to the lack of fresh leads domestically and abroad, as well as intensified concerns over the United States' interest rate hike this December. The peso ended at P49.85:$1 on Tuesday, weaker than the P49.83:$1 on Monday, November 21, reports Rappler.