(PAGASA 24-HOUR PUBLIC WEATHER FORECAST as of Friday, 23 September 2022) At 3:00 AM today, the Low Pressure Area (LPA) was estimated based on all available data at 1,265 km East of Central Luzon (17.7°N, 133.9°E). Southwest Monsoon affecting the western sections of Central and Southern Luzon. ACTIVE TROPICAL CYCLONE OUTSIDE PAR AS OF 3:00 AM TODAY TROPICAL DEPRESSION LOCATION: 1,775 KM EAST NORTHEAST OF EXTREME NORTHERN LUZON (25.5°N, 138.4°E) MAXIMUM SUSTAINED WINDS: 45 KM/H NEAR THE CENTER GUSTINESS: UP TO 55 KM/H MOVEMENT: NORTHWESTWARD AT 25 KM/H . Place: SURIGAO DEL NORTE & DINAGAT ISLANDS Weather Condition: Partly cloudy to cloudy skies with isolated rainshowers or thunderstorms. Caused by: Southwest Monsoon / Localized Thunderstorms Impacts: Possible flash floods or landslides during severe thunderstorms FORECAST WIND & COASTAL WATER CONDITIONS: Place: SURIGAO DEL NORTE, SIARGAO ISLANDS & DINAGAT ISLANDS Wind Speed: Slight to Moderate Wind Direction: Southwest to West Coastal Waters: Slight to Moderate / (0.6 to 2.1 meters OVER SURIGAO CITY: Maximum Temperature: 02:00 PM Yesterday ------ 34.9°C Minimum Temperature: 02:00 AM Today ------- 23.6°C Maximum Relative Humidity: 02:00 AM Today --- 88% Minimum Relative Humidity: 02:00 PM Yesterday ---- 54% TIDES: (Courtesy of NAMRIA) High Tide: 07:45 AM Today = 1.1 m Low Tide: 04:31 PM Today = 0.1 m Sunrise: Today: 05:27 AM Sunset: Today: 05:34 PM

Friday, September 23, 2022

PBBM to US investors: 'Best time to do business in PH is now'

The Philippines is a smart investment choice, and now is the best time to do business with the country, President Ferdinand "Bongbong" Marcos Jr. said Thursday.

In a speech at the Philippine Economic Briefing in New York City, the President invited strategic investors in the United States to invest in the Philippines, citing the country's "economic resurgence" following the COVID-19 pandemic.

"We invite strategic investors from the United States to take part in this Philippines economic resurgence. Key structural reforms have been set in place to allow for wider participation in our industries," said Marcos.

Economic liberalization measures like the Corporate Recovery and Tax Incentives for Enterprises Act or CREATE, the chief executive said, expanded "the space for foreign investments in previously protected sectors", especially those that employ advanced technologies and research and development activities.

Marcos also touted the country's "grand opportunities, the timing, the window of opportunities" for investment, especially in capital-intensive investments in the Philippines.

Marcos is on the fifth day of his six-day working visit to the United States, where he delivered a historic speech at the 77th session of the United Nations General Assembly on Tuesday.

Marcos also met with key leaders on the sidelines of the UN assembly, including Japan Prime Minister Fumio Kishida and US President Joe Biden. (PND)