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Remolona sees 5.9 percent GDP this year
The Philippine economy is likely to grow at a faster pace this year, but it would still be below the government’s goal of six to seven percent as rate hikes continue to constrict demand, Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. said......»»
Fight vs inflation far from over – BSP
Bangko Sentral ng Pilipinas Governor Eli Remolona said it is too soon to declare victory in the fight against inflation, signaling a higher-for-longer rate environment, as inflationary risks continue to cloud the outlook......»»
Finally, a complete 7-member Monetary Board
Last Friday, Jan. 26, marked a turning point for Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona, with him finally comfortably hosting this year’s annual reception for the banking community outdoors at the BSP compound’s historic Fort San Antonio Abad on a cool early evening, with a relaxed business casual suit but no tie dress code, and finally with a complete seven-member Monetary Board......»»
BSP chief: GDP grew at faster pace in Q4
Philippine economic growth picked up further in the final quarter of last year despite the aggressive rate hikes delivered by the central bank, Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. said......»»
The Davos experience
Bangko Sentral ng Pilipinas Governor Eli Remolona, as it turns out, is a Davos newbie......»»
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.....»»
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......»»
Award-winning actress Jaclyn Jose passes away at 59
Cannes-winning actress Jaclyn Jose has passed on March 3, according to several media reports. She was 59. .....»»
Dreamscape head Deo Endrinal passes away at 60
Endrinal produced some of ABS-CBN's iconic shows such as 'FPJ's Ang Probinsyano,' 'The Buzz,' and 'Game Ka Na Ba?'.....»»
Lacson our governor until 2028, Ferrer says
Lacson our governor until 2028, Ferrer says.....»»
Uy to perform ‘immediately’ all functions, duties of governor
DAVAO del Norte Acting Governor De Carlo “Oyo” L. Uy said he would immediately perform the duties and responsibilities required of him as the acting governor......»»
MILF cites non-Moro governor’s support to peace process
The Moro Islamic Liberation Front on Wednesday awarded a non-Muslim governor of a province outside of the Bangsamoro region a special citation for supporting the peace overture between the MILF and Malacañang since its inception in 1997......»»
Cargo ship lost power and issued mayday before hitting Baltimore s bridge, governor says
Cargo ship lost power and issued mayday before hitting Baltimore s bridge, governor says.....»»
Rama asks Malacañang to suspend Gwen over CBRT dispute
CEBU CITY, Philippines – Preventive Suspension. Cebu City Mayor Michael Rama is seeking the suspension of Governor Gwen Garcia over issues related to the Cebu Bus Rapid Transit (CBRT). Rama filed an administrative complaint before the Office of President Ferdinand Marcos Jr. against Garcia after the governor issued a cease and desist order to the.....»»
Chocolate hills resort: Bohol governor tells DENR to take legal action ASAP
CEBU CITY, Philippines—The provincial government of Bohol wants to find out how the controversial resort located within the famous Chocolate Hills was allowed to construct and operate despite an investigation that started way back in 2018. Bohol Governor Erico Aris Aumentado on Thursday, March 14, 2024, urged the Department of Environmental and Natural Resources (DENR).....»»
Cebu Daily Newscast: Chocolate hills resort: Bohol governor tells DENR to take legal action ASAP
Listen to Cebu Daily Newscast and get the latest stories in and around Cebu. Here’s what you need to know on Thursday, March 14. Chocolate hills resort: Bohol governor tells DENR to take legal action ASAP The provincial government of Bohol wants to find out how the controversial resort located within the famous Chocolate Hills.....»»
Negros Island Region: NegOr governor welcomes reformation of NIR
CEBU CITY, Philippines – Negros Oriental Governor Chaco Sagarbarria welcomed the passage of the bill seeking to reform the Negros Island Region (NIR). Speaking to reporters at the sidelines of the Regional Development Council in Central Visayas (RDC-7) at the Capitol Social Hall on March 14, Sagarbarria said reviving the NIR would greatly benefit local.....»»
Tomas Osmeña threatens to sue Gwen over stoppage of CBRT works
CEBU CITY, Philippines — “We’ll see each other in court.” This was the statement of former Cebu City mayor Tomas Osmeña addressed to Cebu Governor Gwendolyn Garcia, in relation to Garcia’s call on stopping the ongoing construction of the Cebu Bus Rapid Transit (CBRT) on province-owned lots along Osmeña Boulevard. “If the governor would insist.....»»
Tomas Osmeña threatens sue Gwen over stoppage of CBRT works
CEBU CITY, Philippines — “We’ll see each other in court.” This was the statement of former Cebu City mayor Tomas Osmeña addressed to Cebu Governor Gwendolyn Garcia, in relation to Garcia’s call on stopping the ongoing construction of the Cebu Bus Rapid Transit (CBRT) on province-owned lots along Osmeña Boulevard. “If the governor would insist.....»»
DavOro guv refutes claims she barred dept heads from attending SP budget proceedings
DAVAO de Oro Governor Dorothy "Dotdot" Gonzaga clarified the information released by the Office of Vice Governor Jayvee Tyron Uy that among the factors of the delay of the approval of the Calendar Year Executive Budget for 2024 was because she prevented the department heads of the provincial local government unit from attending the Sangguniang Panlalawigan (SP) proceedings......»»