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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......»»
Trial court convicts officers of Cooperative Bank of Benguet Inc. for BSP violations
Trial court convicts officers of Cooperative Bank of Benguet Inc. for BSP violations.....»»
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......»»
GCash misuporta sa BSP, DILG sa paglusad sa Paleng-QR Ph
GCash misuporta sa BSP, DILG sa paglusad sa Paleng-QR Ph.....»»
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......»»
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 […].....»»
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 partners with Baiphil
BSP partners with Baiphil.....»»
BSP boss shines spotlight on insider trading
As reported by the BusinessMirror, BSP Governor Eli Remolona gave a speech at the Manila Polo Club to a meeting of Rotary Club members where he noted the problem of insider trading, citing the specific example of how “nothing moves” when listed companies report overwhelmingly positive earnings because those trades were placed ahead of the announced earnings......»»
Enjoy up to 50% off in Acerpure’s summer refresh deals
Feeling the intense heat? As we experience unprecedented heat levels, Acerpure has come to the rescue with its air circulators, so say goodbye to sweaty summer woes and enjoy a cool breeze of relief. Beat the heat with Acerpure’s Summer Refresh Deals, which offer up to 50% off on Acerpure products until June 30, 2024......»»
Keep an Eye on Your Subscriptions
Subscriptions have become an ingrained part of everyone’s lives as digitalization moves forward. From streaming services, fitness apps, to meal kits, and software that people use everyday, these recurring charges offer convenience and access to a variety of services. However, the ease of signing up often leads to a subscription creep, which no one wants. […].....»»
The week ahead
The week starts with the opening of the OceanaGold PH [OGP 13.33 pre-IPO] offer period, which will run through May 6......»»
OceanaGold PH addresses legal concern ahead of IPO offer period
OceanaGold PH [OGP 13.33 pre-IPO] [link] was forced to make an unusual clarification last week after news dropped that the Legal Rights and Natural Resources Center (LRC) filed a petition to cancel OGP’s Financial or Technical Assistance Agreement (FTAA), under the theory that the renewal of OGP’s FTAA unfairly excluded local stakeholders and communities from the consultation process......»»
Gealon Airsoft Games offer action-packed experience for participants
CEBU CITY, Philippines — Cebu City Councilor and lawyer Rey Gealon led the revival of one of Cebu’s most popular extreme sports — airsoft through the Gealon Airsoft Games (GAG) Urban Storm 8 “Extraction” at the South Road Properties (SRP) over the weekend. Over 18 airsoft teams are currently vying for supremacy at the makeshift.....»»
EA, Cheska and Matt recall learning the ropes of ‘Bubble Gang’ comedy
As any show keeps up with the times and trends, it has to offer new segments as well as add new talents to its existing lineup......»»
UnionBank to kick off P10-B stock rights offer
The stock rights offering of Aboitiz-led Union Bank of the Philippines is set to kick off in May to raise as much as P10 billion to fund the capital infusion of its digital bank and for other general purposes......»»
The week ahead
The only scheduled thing on our calendar is the end of the PLC tender offer, which is on Wednesday. Other than that, it’s a lot of ASMs and briefings, so we’ll probably get some fun bits of forward-looking speculation......»»