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DSWD tackles peace initiatives with AFP
MANILA, Philippines — The Department of Social Welfare and Development (DSWD) revealed that they have discussed cooperation and peace initiatives with the Armed Forces of the Philippines (AFP). DSWD Assistant Secretary Arnel Garcia said the meeting on Monday was to discuss the program that will cover members of non-state armed groups and victims of terrorism. “We have.....»»
Gilas in tough bracket for FIBA U17
The battlefield – and the stacked opposition on the way – is set for the Gilas Pilipinas youth in its anticipated return to the FIBA U17 World Cup in Turkey on June 29 to July 7......»»
Gilas Youth joins Spain, Puerto Rico, Lithuania in FIBA U17 World Cup group
The battlefield — and the stacked opposition on the way — is set for the Gilas Pilipinas youth in its anticipated return to the FIBA U17 World Cup in Turkey on June 29 to July 7......»»
Nesthy leaves fate to God
Kapit kay Lord” was what Nesthy Petecio said when asked if she felt pressure heading to her make-or-break bid to qualify for the Paris Olympics against Turkey’s Esra Yildiz in Busto Arsizio, Italy, last week......»»
Petecio, Villegas book Paris Olympic berths
Nesthy Petecio delivered another epic result that she was known to bring and bested a feisty Esra Yildiz Kahraman of Turkey, 4-1, in their women’s 57-kilogram duel that earned the former a second Olympic tour of duty......»»
Dutchwoman, Turk rule ICTSI kiteboarding tilt
In a dazzling display of skill and athleticism, Mariska Wildenberg of the Netherlands and Turkey’s Ilhan Aykurt emerged as standout performers, showcasing their awe-inspiring kiteboarding prowess......»»
BSP on guard vs inflation risks amid El Niño
The BSP chief said headline inflation likely further accelerated to 3.9 percent in March from 3.4 percent in February due to base effects, but lower than the 7.6 percent in March 2023......»»
GCash gets BSP nod to enter Europe, ME
E-wallet leader GCash has received the green light from the Bangko Sentral ng Pilipinas (BSP) to offer financial services to overseas Filipino workers (OFWs) in Europe and the Middle East......»»
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.....»»
Delivery drivers urge Mayor Baste for business permit exemption
Title: Delivery Drivers Seek Exemption from Business Permit Requirement A group of delivery drivers in Davao is urging Mayor Sebastian Duterte to exempt them from the mandatory business permits. The drivers, including those from various delivery apps such as Grab and FoodPanda, are concerned about the financial burden imposed by the business permits, which range from P2,000 to P6,000. They argue that this requirement is unique to Davao City among all cities and provinces in the Philippines. Grab rider Rolando Atico emphasized the need for solidarity among all delivery drivers, regardless of the app they work for. He urged fellow drivers to support each other, as the financial impact may extend beyond just Grab and FoodPanda. Atico also requested Mayor Duterte to reconsider the requirement and reinstate the previous occupational permit, which only cost P125. The group is facing a 30-day deadline to obtain the business permits, and they are citing financial constraints as a reason for their request for an extension. Failure to comply could result in their removal from the delivery platforms, jeopardizing their livelihoods. Additionally, they are advocating for changes to Davao City's Revenue Code, proposing a model similar to Cebu City, where only an occupational permit is required. The drivers are also calling for an inquiry into the lack of transparency and unilateral actions of food delivery companies, particularly concerning rider capitalization and financial concerns. They believe that a thorough investigation will help ensure fairness and equity in their financial obligations and working relationship with the delivery companies. Maribel Paguican, the Business Bureau officer-in-charge, stated that non-certified delivery riders categorized as service contractors must obtain a business permit. She mentioned two permits for occupational and business activities, with a discounted structure for delivery riders. However, concerns have been raised about increased taxes, potentially ranging from P3,000 to P6,000, along with an additional tax on top of the declared income of P1,400. The delivery drivers' plea for exemption from the business permit requirement reflects their concerns about the financial impact and the potential threat to their livelihoods. Their call for solidarity and support from fellow drivers highlights the urgency of the situation. This story sheds light on the challenges faced by delivery drivers in Davao and the implications of the business permit requirement on their financial well-being. It also underscores their efforts to seek fairness and equity in their working relationship with the authorities and delivery companies......»»
Lapu-Lapu: 2 from city hospital fail drug test, risk termination
LAPU-LAPU CITY, Cebu – Two of the more than a hundred employees of the Lapu-Lapu City Hospital tested positive for illegal drugs use during a surprise drug test held on Friday. Garry Lao, executive director of the City of Lapu-Lapu Office for Substance Abuse Prevention (CLOSAP), said the two employees risk termination from government service......»»
Pythons for bait and dodging militias- on the trail of the rare monkey-eating eagle - Birds
Mindanao island is the last stronghold of the endangered Philippine eagle. But now the raptors habitat is at risk from logging, hunting and armed groups Christian Daug whistles with all the spirit he can muster. The male and female were perched there yesterday, he says, pointing to a dead tree amid the sea of flora that smothers the tallest mountain on the Philippine archipelago. He whistles again as we look out over the.....»»
Myanmar: Rohingya at Risk in Rakhine Fighting
(Bangkok) - Fighting in Myanmar's Rakhine State has surged in recent weeks, causing civilian casualties and large-scale displacement, Human Rights Watch said today. Myanmar's junta and the Arakan Army ethnic armed group should take immediate measures to minimize harm to ethnic Rohingya and other civilians caught up in the hostilities.On November 13, 2023,.....»»
Interest rates to remain at 6.5% — BSP
The Bangko Sentral ng Pilipinas’ (BSP) Monetary Board (MB) decided to retain its target reverse repurchase rate at 6.5%......»»
BSP sinisipat 4.2% inflation noong Marso
Sa pagtaya ng Bangko Sentral ng Pilipinas, maaaring umabot sa 4.2% ang inflation nitong Marso. The post BSP sinisipat 4.2% inflation noong Marso first appeared on Abante......»»
BSP issues guidelines for payment systems
The Bangko Sentral ng Pilipinas (BSP) has released its first Manual of Regulations for Payment Systems (MORPS), a formal compilation of all payment system regulations approved by the Monetary Board as of end-December 2023......»»
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......»»
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.....»»
Market climbs ahead of BSP meeting
The stock market climbed for the second straight day ahead of the outcome of the Bangko Sentral ng Pilipinas (BSP) policy meeting......»»