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Tartaria farmers defend their land, resist entry of armed goons
At least 60 armed personnel have been reportedly building fences in the farmlands of barangay Tartaria, Silang, Cavite since April 16, prompting farmers to defend their community. The post Tartaria farmers defend their land, resist entry of armed goons appeared first on Bulatlat......»»
Remittances soar to P33.5 billion in 2023 – BSP
MANILA, Philippines — Filipinos abroad sent a record amount of money back home in 2023 as remittances hit $33.5 billion, boosted by a stronger peso. This increase in the value of remittances helped households cope with high inflation. According to the Bangko Sentral ng Pilipinas (BSP), cash remittances through banks totaled $33.5 billion, marking a.....»»
Cebu Daily Newscast: Remittances soar to P33.5 billion in 2023 – BSP
Listen to Cebu Daily Newscast and get the latest stories in and around Cebu. Here’s what you need to know on Friday, February 16. Remittances soar to P33.5 billion in 2023 – BSP Filipinos abroad sent a record amount of money back home in 2023 as remittances hit $33.5 billion, boosted by a stronger peso......»»
‘Defend our rivers,’ indigenous and envi groups denounce destructive mega dams
Kalikasan People’s Network for Environment said that the Marcos Jr administration still allows massive projects like Kaliwa-Kanan-Laiban Dam, Wawa Dam, Ahunan Hydropower project, Jalaur Mega-Dam, Saltan Dam, and the Pasig River Expressway, all of which endanger the affected communities. The post ‘Defend our rivers,’ indigenous and envi groups denounce destructive mega dams appeared first on Bulatlat......»»
Residents in Angeles defend their houses, face violence from police, private security
Clarkhills Properties started its forced demolition in 2023. About 2,000 individuals live in the 73 hectares of land that the corporation is trying to seize. The post Residents in Angeles defend their houses, face violence from police, private security appeared first on Bulatlat......»»
‘Exhaust all legal options to defend Pinoy fishermen’
Lingayen-Dagupan Archbishop Socrates Villegas and four other Catholic bishops yesterday asked the Philippine government to exhaust all legal options to defend the Filipino fishermen reportedly recently harassed at Scarborough Shoal by the China Coast Guard......»»
Biden pledges to defend Philippines from any attack in South China Sea - Philippines
US president describes defence commitment to the Philippines and Japan as ironclad as Beijing accuses Manila of violating Chinese sovereignty Joe Biden has pledged to defend the Philippines from any attack in the South China Sea, as he hosted the first joint summit with Manila and Tokyo amid growing tensions with Beijing. The United States defence commitments to Japan and to the Philippines are ironclad, the US president.....»»
Stocks up, peso breaches 56:$1
The stock market posted slight gains yesterday as it tracked upswing in US markets, while the peso weakened and breached the 56 to $1 barrier......»»
Peso underperformance likely to continue – MUFG
The Philippine peso may continue to underperform against the dollar this quarter amid the country’s wide current account deficit and expensive foreign exchange valuations, Tokyo-based MUFG Bank said......»»
‘BSP ready to mitigate excessive peso volatility’
Monetary authorities are ready to mitigate any “unnecessary movement” and “excessive volatility” in the foreign exchange market as the peso sank to fresh 17-month lows against the dollar, according to Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr......»»
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......»»
How to Avoid Being a One-Day Millionaire When Payday Comes
Filipinos are known for going all-out on payday. Some defend it as a cause for celebration and the perfect opportunity to splurge on indulgences because we worked hard and we should reward ourselves. We all love immediate gratification. However, the phenomenon of being a “one-day millionaire” when payday comes can lead to financial instability and […].....»»
‘Toxic relationship’ is why Mindanao should secede from sinking PH – former lawmaker
MANILA, Philippines — A “toxic relationship” between Mindanao and the Philippines was the reason why the former should break up with the latter. Davao del Norte 1st District Rep. Pantaleon Alvarez, a former House speaker, said this on why Mindanao should break up with the Philippines. The country was now a “sinking ship” due to.....»»
Imee on CBRT issue: Should have been settled before project was started
CEBU CITY, Philippines — Senator Imee Marcos believes that while local officials in Cebu “know much better” in handling the issues hounding the ongoing construction of the Cebu Bus Rapid Transit (CBRT), she said issues should have been addressed before the project was actually started. “Sadly, this all should have been settled before the national.....»»
Pakistan: New Government Should Protect Rights
(New York) - Pakistan's newly elected prime minister, Shehbaz Sharif, should make human rights a key focus of his government, Human Rights Watch said in a letter today to the prime minister. The new Pakistani government should adopt an agenda that actively promotes and protects human rights,.....»»
Xinhua world economic news summary at 0900 GMT, Jan. 19
MANILA -- The Philippines' overall balance of payments (BOP) posted a surplus of 642 million U.S. dollars in December 2023, higher than the 612 million dollars recorded in the same month 2022, the country's central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) said the BOP surplus in December 2023 reflected inflows arising mainly from the national government's net foreign currency deposits with the BSP.....»»
Xinhua world economic news summary at 0900 GMT, Jan. 19
MANILA -- The Philippines' overall balance of payments (BOP) posted a surplus of 642 million U.S. dollars in December 2023, higher than the 612 million dollars recorded in the same month 2022, the country's central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) said the BOP surplus in December 2023 reflected inflows arising mainly from the national government's net foreign currency deposits with the BSP.....»»
BSP sees room for further rate hike
After discounting the possibility of a rate cut in the first half of the year, the Bangko Sentral ng Pilipinas (BSP) believes there is still room to raise interest rates amid the country’s robust economic growth......»»