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Moody’s, Fitch research arms see rate cuts in 2nd half
The research units of the Moody’s and Fitch Group expect the Bangko Sentral ng Pilipinas to cut rates in the second half , reversing a tightening cycle that saw key policy rates rise by 450 basis points......»»
BSP onboards 1st nonbank electronic money issuer
The Bangko Sentral ng Pilipinas (BSP) achieved a significant milestone by welcoming OmniPay, Inc. as the first nonbank electronic money issuer (EMI) participant in its Real Time Gross Settlement (RTGS) payment system, PhilPaSSplus. This move aligns with the National Payment Systems Act and signifies a more inclusive national payment system, allowing nonbank financial institutions to conduct efficient and low-risk funds transfers directly through the central bank. Assistant Governor Mary Anne P. Lim emphasized the BSP's commitment to safeguarding the entire Peso RTGS payment system amidst global trends of diversified participation. With 236 institutions, including various banks and nonbank entities, utilizing PhilPaSSplus for large value transactions and retail payment clearing, the BSP's initiative reflects a broader trend of central banks facilitating direct access for nonbank entities to settlement services. This development comes as international standard-setting bodies work on access guidelines to manage risks in evolving payment systems with new players and financial technologies......»»
Cycle PH fires starting gun at Vermosa
Over 1,200 cycling enthusiasts from various ages and skill levels set out for the Sun Life Cycle PH today in a vibrant showcase of camaraderie and passion at the Ayala Vermosa Sports Club in Imus, Cavite......»»
Thousands to take part in Sun Life Cycle PH race
Over 1,200 cycling enthusiasts spanning various ages and skill levels set out for the Sun Life Cycle PH (Sunday, April 7, in a vibrant showcase of camaraderie and passion for the sport at the Ayala Vermosa Sports Club in Imus, Cavite......»»
Thousands to take part in Sun Life Cycle PH race
Over 1,200 cycling enthusiasts spanning various ages and skill levels set out for the Sun Life Cycle PH (Sunday, April 7, in a vibrant showcase of camaraderie and passion for the sport at the Ayala Vermosa Sports Club in Imus, Cavite......»»
Cycle PH draws star-studded field
Kyle Echarri and Raven Rigor are set to energize the Sun Life Cycle PH event slated on Sunday at the Ayala Vermosa Sports Hub in Imus, Cavite......»»
Cycle Ph rides towards wellness
In its continuing effort to motivate Filipinos towards embracing a healthier and more active lifestyle while enhancing family ties, Sun Life holds the Cycle PH on Sunday at the Ayala Vermosa Sports Hub in Imus, Cavite, featuring a range of cycling categories suitable for all ages and skill levels......»»
Maureen Wroblewitz nakaranas ng side effects sa birth control pills
NAPILITANG gumamit ng birth control pills ang model-beauty queen na si Maureen Wroblewitz dahil sa mga abnormality sa kanyang menstrual cycle. Dahil dito, napatunayan ng dalaga na totoong may mga side effects na pwedeng maranasan ang mga babaeng gumagamit ng hormonal contraceptives. Sa kanyang Instagram account, nag-open up ang Asia’s Next Top Model Cycle 5.....»»
DSWD-Davao raises child feeding budget to P21
The Department of Social Welfare and Development-Davao Region (DSWD-Davao) has increased its budget for the Supplementary Feeding Program to P21 per child, up from the previous P15 allocation. Kyla Denise T. Pamat, a nutritionist dietician at DSWD-Davao, shared in a radio interview on Davao City Disaster Radio (DCDR) on January 26, 2024, that the enhancement is a result of a budget insertion in 2023. The 13th cycle targets 122,400 children in Davao Region, with five local government units (LGUs) already initiating the feeding program, while others are in the procurement process. The program focuses on children aged two to four in child development centers and supervised neighborhood places, providing hot meals (rice and viand) for 80 days and alternative meals (pancake, nutribun, and fruit salad) for 40 days during the 120 feeding days. Additionally, selected LGUs with a prevalent number of underweight children receive milk feeding for the entire duration. The 12th cycle showed an 82.27 percent improvement in the weight of underweight children, reducing their number from 4,567 to 784 after the 120 feeding days. Pamat highlighted its alignment with Republic Act 11037, also known as the Masustansyang Pagkain Para sa Batang Pilipino Act, and encouraged LGUs, communities, and parents to support the program for continuous improvement......»»
Philippines posts 740 mln USD deficit in January
MANILA, Feb. 20 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a 740 million U.S. dollars deficit in January 2024, a reversal from the 3.1 billion dollars BOP surplus recorded a year ago, the country's central bank has said. The Bangko Sentral ng Pilipinas (BSP) said on Monday that the BOP deficit in January reflected outflows arising mainly from the national government's payments of its f.....»»
Philippines posts 740 mln USD deficit in January
MANILA, Feb. 20 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a 740 million U.S. dollars deficit in January 2024, a reversal from the 3.1 billion dollars BOP surplus recorded a year ago, the country's central bank has said. The Bangko Sentral ng Pilipinas (BSP) said on Monday that the BOP deficit in January reflected outflows arising mainly from the national government's payments of its f.....»»
Philippines foreign investments yield net outflows in December
MANILA, Jan. 25 (Xinhua) -- The Philippines' foreign investments yielded net outflows of 205 million U.S. dollars in December 2023, the Philippine central bank said Thursday. The Bangko Sentral ng Pilipinas (BSP) said the December net outflow resulted from the 1.3 billion dollars in gross outflows and the 1.1 billion dollars gross inflows for the month. "The recorded net outflows are a reversal of the 673.....»»
Philippines foreign investments yield net outflows in December
MANILA, Jan. 25 (Xinhua) -- The Philippines' foreign investments yielded net outflows of 205 million U.S. dollars in December 2023, the Philippine central bank said Thursday. The Bangko Sentral ng Pilipinas (BSP) said the December net outflow resulted from the 1.3 billion dollars in gross outflows and the 1.1 billion dollars gross inflows for the month. "The recorded net outflows are a reversal of the 673.....»»
BSP logs 40K complaints relating to financial consumer protection; only 5% come from Mindanao
SINCE the effectivity of the Financial Consumer Protection Act (Republic Act 11765) in June 2022, the Bangko Sentral ng Pilipinas (BSP) has logged more than 40,000 complaints from customers of different BSP-supervised financial institutions from all over the Philippines. Of this number, only around 5 percent come from Mindanao, implying the Mindanaoans' unawareness of the law......»»
BSP Governor Eyes Potential Rate Cut as Inflation Eases
In a recent interview, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. hinted at a potential rate cut later this year, signaling optimism amid the nation’s economic landscape. While cautious about the first semester, Remolona remains watchful, stating that the move could come “within the year.” The BSP, responding to escalating inflation, had hiked […].....»»
BSP governor says February rate cut not likely
In statements made to the press, BSP Governor Eli Remolona said that due to the “numbers we are seeing” a rate cut “is not likely (on) February 15”, which is the next scheduled meeting date for the BSP’s Monetary Board......»»
Farmers, fishers demand immediate relief for El Niño impacts
“NFA should release the rice from warehouses and distribute it to farmers and fishermen who lost their income due to El Niño instead of making a profit and selling to private traders. Many are already complaining of hunger and loss, so the distribution of aid and compensation should be stepped up." The post Farmers, fishers demand immediate relief for El Niño impacts appeared first on Bulatlat......»»
UN Security Council demands immediate Gaza ceasefire after US abstains
(1st UPDATE) The US abstains from the vote to allow the Security Council to demand an immediate ceasefire amid growing global pressure for a truce.....»»
UN Security Council demands immediate ceasefire in Gaza
The US abstains from the vote to allow the Security Council to demand an immediate ceasefire amid growing global pressure for a truce.....»»
Philippine-US defense treaty doesn t trigger immediate military action — analyst
Maritime expert Jay Batongbacal addressed misconceptions about the Philippine-US Mutual Defense Treaty, saying that the treaty does not require an immediate military response in maritime conflicts......»»