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Aug. remittances bare spending support

By Melissa Luz T. Lopez Senior Reporter REMITTANCES hit a five-month high in August, according to data the Bangko Sentral ng Pilipinas (BSP) released yesterday, shoring up expectations that household consumption continued to be a key driver of economic growth last quarter. The government is scheduled to report third-quarter gross domestic product (GDP) data on… link: Aug. remittances bare spending support.....»»

Source: Manilainformer ManilainformerCategory: 1 hr. 42 min. ago Related News

Bitcoin use grows in Philippines, regulators flex muscle

via abs-cbn.com – The Bangko Sentral ng Pilipinas has released guidelines on cryptocurrencies including bitcoin, as transactions involving digital coins grew, an official said. Cryptocurrency transactions have grown to $6 million daily from $2 million to $3 million a few years ago, BSP deputy director Melchor Plabasan told ANC’s On Read more ».....»»

Source: Thepinoy ThepinoyCategory: News5 hr. 16 min. ago Related News

Philippines faces ‘encouraging’ conditions — BSP

A PICKUP in global economic expansion should be “encouraging” for emerging markets like the Philippines, the central bank chief said in a recent speech, with improving cross-border trade particularly expected to support the country’s growth momentum. Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla, Jr. said the pickup in global economic activity bodes well […] The post Philippines faces ‘encouraging’ conditions — BSP appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: News6 hr. 16 min. ago Related News

Aug. remittances bare spending support

By Melissa Luz T. Lopez Senior Reporter REMITTANCES hit a five-month high in August, according to data the Bangko Sentral ng Pilipinas (BSP) released yesterday, shoring up expectations that household consumption continued to be a key driver of economic growth last quarter. The government is scheduled to report third-quarter gross domestic product (GDP) data on […] The post Aug. remittances bare spending support appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: News6 hr. 16 min. ago Related News

Transport strike fizzles out in regions

REGIONS CORRESPONDENTS THE two-day nationwide transport strike that started Monday hardly affected the areas that the transport coalition planned to paralyze, except in some parts of Central Luzon and Cagayan de Oro City where drivers claimed 90 percent success. The Samahan ng Tsuper at Operators ng Pilipinas Genuine Organization (Stop and Go) last week said [...] The post Transport strike fizzles out in regions appeared first on The Manila Times Online......»»

Source: Manilatimes_net Manilatimes_netCategory: News6 hr. 29 min. ago Related News

La Salle s Ricci Rivero named UAAP Player of the Week

MANILA, Philippines – De La Salle wingman Ricci Rivero stood out among his peers and earned this week's UAAP Press Corps-Chooks To Go Player of the Week awar.....»»

Source: Philstar PhilstarCategory: Sports14 hr. 16 min. ago Related News

Ricci Rivero takes center stage for DLSU as Player of the Week

De La Salle University swingman Ricci Rivero stood out among his peers and earned this week's UAAP Press Corps Chooks-to-Go Player of the Week award of the UAAP Season 80 Men's Basketball Tournament.  Rivero helped the defending champions steady their ship this week after ending their first round on a sour note, losing to archrival Ateneo de Manila University, 76-75.  The Green Archers tacked two straight wins this week to improve to a 6-2 slate with Rivero averaging 20 points, three assists, and 3.5 steals.  Rivero said he just tried to play straight defense and trusted that his offense will follow through as long as he got to the right spots.  "At first I always think of ways of helping the team and the coaches just told me to just stick to the game plan and they will find me on offense," said Rivero.  "I'll just do my job and they'll help me get my offense going." Rivero's more impactful game of the week came in the Green Archers' 75-73 victory over Far Eastern University.  The second-year guard carried the offensive responsibilities for DLSU with 20 points, on 9-of-15 shooting, when Ben Mbala struggled the offensive floor on 5-of-16 shooting.  Rivero beat teammate Mbala, Thirdy Ravena of Ateneo, and Mark Olayon of University of the East for the weekly plum......»»

Source: Abscbn AbscbnCategory: Sports15 hr. 3 min. ago Related News

Transport strike shuts Philippine financial markets

By Chrisee Dela Paz/rappler.com – There will be no clearing and settlement operations by the Bangko Sentral ng Pilipinas (BSP) and the Securities Clearing Corporation of the Philippines on Monday, October 16, following an order from Malacañang to suspend government work due to a two-day nationwide transport strike. The Philippine Read more ».....»»

Source: Thepinoy ThepinoyCategory: News20 hr. 14 min. ago Related News

BSP grants relief to ‘Maring’-affected banks, financial institutions

Banks as well as non-bank financial institutions in three regions affected by the onslaught of tropical storm "Maring" in September" can avail of temporary regulatory and rediscounting relief from the Bangko Sentral ng Pilipinas (BSP). In a statement Sunday, the BSP said the relief measures would cover banks and non-banks with quasi-banking functions with head offices and/or branches/extension offices/microfinance-oriented banking offices in the following areas: cities of Malabon, Manila, Marikina, Navotas, San Juan, Taguig and Valenzuela in the National Capital Region; provinces of Bulacan and Zambales in Region 3; and Batangas, Cavite, Laguna, Quezon and Rizal provinces in Regio...Keep on reading: BSP grants relief to ‘Maring’-affected banks, financial institutions.....»»

Source: Inquirer InquirerCategory: 20 hr. 26 min. ago Related News

Malaysian bank to establish PH presence

A listed Malaysian bank will establish presence in the Philippines as it expects to get the Bangko Sentral ng Pilipinas' (BSP) nod before yearend. On the sidelines of the Financial Executives Institute of the Philippines' 2017 conference Friday, BSP Deputy Governor Chuchi G. Fonacier told reporters that of the eight foreign banks that Governor Nestor A. Espenilla Jr. earlier said had expressed interest to do business here, two were from Asean, and one of them already submitted the requirements. Fonacier said the application of the Malaysian lender, which she declined to identify, is currently being processed by the BSP. "It's a done deal. They presented their business model....Keep on reading: Malaysian bank to establish PH presence.....»»

Source: Inquirer InquirerCategory: 20 hr. 26 min. ago Related News

BSP sets rules on closer real estate watch

THE BANGKO SENTRAL ng Pilipinas (BSP) is tightening its watch on real estate loans from rural banks as part of a lookout for bubbles forming in the sector. The new rules under Circular 976, issued on Oct. 10, also clarified that lending for public infrastructure projects is not covered by the 20% real estate exposure […] The post BSP sets rules on closer real estate watch appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: News21 hr. 22 min. ago Related News

Sara says Tindig Pilipinas wants Rody ousted

MANILA, Philippines — Malacañang and presidential daughter Sara Duterte-Carpio yesterday claimed that Tindig Pilipinas Movement is “power hungry” and is out.....»»

Source: Philstar PhilstarCategory: NewsOct 15th, 2017Related News

For the third time, LPU s Perez is Player of the Week

Lyceum of the Philippines University is inching closer towards rewriting history in the 93rd NCAA Men s Basketball Tournament and so does prolific guard CJ Perez. The 6-foot-1 Perez continues to come up with strong all around numbers, putting him on of clinching the highest individual award and becoming the first homegrown cager to do so in the last three years. Up against Final Four-bound Jose Rizal University last Friday, Perez proved a handful over his Heavy Bombers counterparts as he tallied a game-high of 24 points, eight rebounds, four assists and as many steals while leading the Pirates to a dominant 100-63 victory. It was the 17th straight win overall for rampaging LPU which could complete an impressive sweep of the double-round of eliminations with a repeat victory over defending champion San Beda College on Thursday. Perez, as expected, should play a main role anew. “We just want to honor the game like what coach (Topex Robinson) is telling us since day one. We look forward to our rematch with the Red Lions and we’re gonna give our best,” he said. Without a doubt, Perez’s sustained brilliance continues to grab the attention not only of his rivals but also of covering scribes who bestowed on him the Chooks-to-Go NCAA Press Corps Player of the Week award for the third time this season. Barring any ejection, Perez appears to be well on his way to the MVP title which was previously hoisted by Mapua University’s Allwell Oraeme in the last two years. Former University of Perpetual Help star Earl Scottie Thompson was the last local player to bag the coveted award in 2014. Perez earned the nod over pro-bound Lervin Flores of resurgent Arellano University for the weekly citation. .....»»

Source: Abscbn AbscbnCategory: SportsOct 15th, 2017Related News

Sara Duterte to Tindig Pilipinas: No reason for President to be insecure

Sara Duterte to Tindig Pilipinas: No reason for President to be insecure.....»»

Source: Rappler RapplerCategory: NewsOct 15th, 2017Related News

Tindig Pilipinas launches petition asking Duterte to sign bank waiver

MANILA, Philippines — Cause-oriented group Tindig Pilipinas on Saturday evening launched a petition asking President Rodrigo Duterte to sign a waiver on the.....»»

Source: Philstar PhilstarCategory: NewsOct 15th, 2017Related News

Investors gaining appetite for term deposits — BSP

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) expects investors to continue to swarm its term deposit facility as the auction committee continu.....»»

Source: Philstar PhilstarCategory: FinanceOct 14th, 2017Related News

Standhardinger leads 2017 PBA Draft hopefuls

Fil-German forward Christian Standhardinger and marquee homegrown talents Kiefer Ravena and Jeron Teng lead a total of 44 players who made themselves available for the 2017 PBA Rookie Draft set Oct. 29at Robinson’s Place Manila. Raymar Jose and Jett Manuel, who suited up with Chooks-To-Go Pilipinas with Ravena and Teng in the recent FIBA Asia Cup, also listed up for the coming draft exercise where the Kia Picanto will be No. 1 in the draft order. Fil-foreign players Jason Perkins from La Salle and Davon Potts from San Beda are among the top prospects. Felix Apreku of Letran, Julian Sargent of La Salle, Andreas Philip Cahilig of the Cignal team in the PBA D-League, Robert Herndon of Wangs and Zachary Nicholls of Arellano U are the other Fil-foreign hopefuls. Also making the initial draft list are Jian Lloyd Abrigo, Monbert Arong, Wilson Baltazar, Arvie Bringas, Jebb Bulawan, Elmer Cabahug, Gwynne Capacio, John Karlo Casino, Gabriel Dagangon, Christian de Chavez, Jeremiah dela Pena, Ebrahim Enguio, Lervin Flores, Joseph Gabayni, JonJon Gabriel, Christian Geronimo, Jayson Grimaldo, John Ervin Grospe, Michael Vincent Juico, Christian Moralde, Joseph Nalos, Rey Nambatac, Clyde Drexler Neypes, Sidney Onwubere, Jerome Ortega, Emil Palma, Roldan Sara, Jomari Sollano, John Rey Sumido, Mark Jayven Tallo and Thomas Torres. They go through the rookie draft combine before the PBA Commissioner’s Office makes the final draft pool. Standhardinger, at 6-foot-7, is the tallest among the hopefuls. Other players standing 6-4 and above are Apreku, Baltazar, Bringas, Bulawan, Gabayni, Gabriel, Grimaldo, Grospe, Jose, Neypes, Onwubere and Sollano. .....»»

Source: Abscbn AbscbnCategory: SportsOct 12th, 2017Related News

Gilas Pilipinas drops three places in latest FIBA World rankings

Gilas Pilipinas drops three places in latest FIBA World rankings.....»»

Source: Abscbn AbscbnCategory: SportsOct 12th, 2017Related News

Drupal Pilipinas holds hackathon October 15 and 26

Drupal Pilipinas holds hackathon October 15 and 26.....»»

Source: Rappler RapplerCategory: NewsOct 11th, 2017Related News

Tindig Pilipinas: SC failed nation in its darkest hour in denying De Lima petition

MANILA, Philippines — The Supreme Court has failed the nation in its darkest hour, according to Tindig Pilipinas, as it expressed shock over.....»»

Source: Philstar PhilstarCategory: NewsOct 10th, 2017Related News