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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 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......»»
FACT CHECK: Did this vlog correctly state BBM’s net worth?
The Youtube channel Okay Dito posted a video on President Ferdinand ‘Bongbong’ Marcos Jr’s net worth and properties. The video said Marcos Jr’s net worth is P437-million based on news reports, and owns assets including cash deposits, vehicles, jewelries and investments in condominiums......»»
USD3.32-B Loan Approved by BSP
On Monday, the Bangko Sentral ng Pilipinas (BSP) announced that the Monetary Board approved USD 3.32 billion in medium-to-long-term (MLT) foreign borrowings for Q4 2023. From October to December 2023, the public sector’s foreign borrowings rose by 65.8%, reaching USD3.32 billion, up from USD2 billion in the same period in 2022. This brought the total […].....»»
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.....»»
Cha-cha mabobokya kapag sinahugan ng term extension
Baka wala nang sumuporta sa Charter change kapag isinama ang diskusyon sa term extension ng mga opisyal ng gobyerno, babala ni Senate President Juan Miguel Zubiri. The post Cha-cha mabobokya kapag sinahugan ng term extension first appeared on Abante......»»
DSWD allots Php537M emergency cash aid to shear line, quake-hit families in Samar, Mindanao
Three Field Offices of the Department of Social Welfare and Development (DSWD) started on January 18 the simultaneous payout of cash assistance, through the Emergency Cash Transfer (ECT) program, for the families affected by a triad of disasters that occurred in the last quarter of 2023 to help them recover and resume their normal lives. […].....»»
Putin is starting his 5th term as president, more in control of Russia than ever
Putin is starting his 5th term as president, more in control of Russia than ever.....»»
DSWD: Giving cash more practical than bags of rice
The Department of Social Welfare and Development stands by its position that it is “more practical and efficient” to give the P600/month rice subsidy to beneficiaries of the Pantawid Pamilyang Pilipino Program in cash rather than actual bags of rice......»»
BSP collects P649 million from coin deposits
The Bangko Sentral ng Pilipinas has collected more than P600 million worth of coins as part of efforts to bring these back to circulation and address the shortage due to improper storage or disposal......»»
Digital banks post significant deposit, loan growth in 2023
The digital banking sector has recorded a significant growth in total deposits and loans in 2023 compared to a year ago, as consumers looked for more accessible and user-friendly financial services......»»
PAGCOR keen on issuing more international gaming licenses
The Philippine Amusement and Gaming Corp. is open to keeping the Philippine Offshore Gaming Operators sector alive, with its top official saying that it provides employment to close to 70,000 Filipinos......»»
Solo parents deserve bigger cash subsidy – Rep. Chan
LAPU-LAPU CITY, Cebu – Solo parents, who are receiving minimum and below minimum wage, deserve more than the P1, 000 cash subsidy that is provided for in the Expanded Solo Parents Welfare Act. This was according to Lapu-Lapu City Lone District Representative Cindi King-Chan. Chan, who delivered a privilege speech during the “All Women Legislators.....»»
BPI Customers Experience Transaction Delays Due to High Weekend Activity
Bank of the Philippine Islands (BPI) customers faced delays in essential banking services due to a surge in weekend transactions, primarily tax payments, today, April 16, 2024. In a Facebook post, BPI said that their services which include ATM withdrawals, CAM deposits, Debit Card purchases, BPI app, BPI online, and the use of BPI online […].....»»
Forex buffer hits 2-year high
The country’s dollar reserves rose to a 23-month high in March due to higher government deposits with the central bank and higher gold prices in the international market, according to the Bangko Sentral ng Pilipinas......»»
Forex buffer hits 2-year high
The country’s dollar reserves rose to a 23-month high in March due to higher government deposits with the central bank and higher gold prices in the international market, according to the Bangko Sentral ng Pilipinas......»»
UnionDigital Bank revenue grows to over P5 billion
UnionDigital Bank, the digital banking arm of Aboitiz-led Union Bank of the Philippines, saw its revenue grow to over P5 billion in 2023 mainly driven by higher deposits and loans......»»