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Cebu City’s inflation rate soars to 4.5% in January
Cebu City’s inflation rate soars to 4.5% in January.....»»
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......»»
Increasing demand for electric vehicles
The Department of Energy (DOE) in Mindanao has observed a growing demand for electric vehicles (EVs). Engr. Adrian Mel B. Delola, a Science Research Specialist II at DOE Mindanao Field Office, discussed this trend during the Kapehan sa Dabaw on January 15, 2024. He highlighted the impact of the Electric Vehicle Industry Development Act (Evida Law), implemented on April 15, 2022, which has contributed to the increasing interest in EVs. Delola acknowledged that the current cost of EVs is a concern but expressed optimism that as demand rises, the number of charging stations will increase and the cost of units will subsequently decrease. He also addressed the presence of hybrid models in key cities in Mindanao and the challenge of limited car dealerships facilitating their distribution. Additionally, Delola touched on the use of e-trikes, classified as light EVs under RA 11697, and the regulations regarding their weight and use on national highways. The DOE is working with various agencies to address issues related to the registration and use of e-trikes. Sellers are also advising consumers on the proper use of e-trikes for private purposes and cautioning against their use on national highways......»»
Diokno’s back, but Bangko Sentral ‘not sure’ if Ralph Recto will sit in its powerful Monetary Board
'There’s an appointed secretary of finance but me personally, I’m not sure if the secretary of finance will sit as a member of the Monetary Board,' says BSP Deputy Governor Eduardo Bobier.....»»
National Home Mortgage Finance Corp nadale ng hacker
Inanunsyo ng National Home Mortgage Finance Corporation (NHMFC) sa kanilang official website ang insidente ng hacking. The post National Home Mortgage Finance Corp nadale ng hacker first appeared on Abante......»»
Rep. Ralph Recto itinalagang bagong finance secretary
MAY napili na si Pangulong Bongbong Marcos na bagong uupong hepe para sa Department of Finance (DOF). Kinumpirma ng Malacañang na ang itinalagang bagong finance secretary ay ang Deputy Speaker at Batangas Representative na si Ralph Recto. Ayon kay Presidential Communications Office Secretary Cheloy Garafil, nakatakdang manumpa sa pwesto si Rep. Ralph ngayong January 12......»»
SEC raises penalties for late, non-filing of reports
SEC raises penalties for late, non-filing of reports.....»»
SEC raises penalties for late, non-filing of reports
SEC raises penalties for late, non-filing of reports.....»»
DOH raises Code White Alert for Holy Week
DOH raises Code White Alert for Holy Week.....»»
Sen. Tulfo raises concern about resorts found near Mt. Apo
SENATOR Raffy Tulfo raises concern about resorts found at the buffer zones of Mount Apo......»»
Pagasa raises La Niña watch
Pagasa raises La Niña watch.....»»
Envi group raises concern over Aboitiz coal expansion in Cebu
Envi group raises concern over Aboitiz coal expansion in Cebu.....»»
Binance ban a boon to local crypto firms
Local crypto traders are now experiencing as much as four times higher transaction volumes as investors shift their tokens from Binance......»»
Taal Volcano back to spewing high-volume of toxic gas
LUCENA CITY, Philippines – After spewing lower volumes of sulfur dioxide (SO2) for the past five days, Taal Volcano in Batangas province again emitted a high level of toxic gas on Saturday, March 23. A total of 14,287 metric tons (MT) of SO2 from Taal’s main crater was measured over the past 24 hours and.....»»
K9 security ops in Cotabato Airport intensified
Policemen guarding the Cotabato Airport have been visibly using, for a week now, explosives and narcotics detection dogs in guarding the facility following the seizure of big volumes of shabu from traffickers in this city and in towns around in recent weeks......»»
EU country profiting from Russian gas - Bloomberg
Gazprom supplied all of the agreed-upon volumes to Austria under a long-term contract, the outlet says Austria has become a net energy exporter for the first time in twenty years as stable supplies of Russian natural gas allowed it to sell more electricity than it imported, Bloomberg reported this week. .....»»
BPI profit hits record high P51.7 billion in 2023
“The bank’s solid financial performance is a reflection of its strengthened customer franchise and deeper customer engagement which led to record volumes and market share gains in several businesses,”.....»»
Xinhua Asia-Pacific news summary at 1600 GMT, Jan. 19
PHNOM PENH -- A Cambodian senior government official has painted a rosier picture for Cambodia-China economic and trade cooperation in 2024, saying that a steady increase in bilateral trade and investment volumes has benefited both countries and peoples. Sok Siphana, a senior minister and chairman emeritus of the Board of Directors of the Asian Vision Institute, said 2024 is the year to implement the China-Cambo.....»»