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Philippines posts 740 mln USD deficit in January
MANILA, Feb. 20 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a 740 million U.S. dollars deficit in January 2024, a reversal from the 3.1 billion dollars BOP surplus recorded a year ago, the country's central bank has said. The Bangko Sentral ng Pilipinas (BSP) said on Monday that the BOP deficit in January reflected outflows arising mainly from the national government's payments of its f.....»»
Philippines posts 740 mln USD deficit in January
MANILA, Feb. 20 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a 740 million U.S. dollars deficit in January 2024, a reversal from the 3.1 billion dollars BOP surplus recorded a year ago, the country's central bank has said. The Bangko Sentral ng Pilipinas (BSP) said on Monday that the BOP deficit in January reflected outflows arising mainly from the national government's payments of its f.....»»
The Importance of Still Keeping Loose Change
In the Philippines, the convenience of digital payments is quickly becoming the norm. There are now fewer lines to the ATMs every payday, people are now using their phones more for payments, and digital banks are becoming more prevalent. Amidst the digital transformation the country is undergoing, we often hear “I don’t have cash” from […].....»»
Cordova to implement road clearing in all barangays
LAPU-LAPU CITY, Cebu — The Municipality of Cordova will conduct barangay road clearing operations on May 10, 2024, in compliance with the circular issued by the Department of the Interior and Local Government (DILG). Councilor Lemuel Pogoy admitted that currently, the town has only implemented road clearing operations in Barangay Poblacion or areas near the.....»»
Lapu-Lapu road clearing: Ahong promises relocation to 53 vendors near Plaza Rizal
LAPU-LAPU CITY, Cebu – The Lapu-Lapu City Government is currently looking for an alternative vending site for approximately 53 vendors who will be displaced by a road clearing operation near Plaza Rizal in Barangay Poblacion. The planned road clearing operation was in compliance with the directive of the Department of Interior and Local Government (DILG).....»»
BSP hits 50 percent target in digitized payments
The Bangko Sentral ng Pilipinas managed to hit its goal of shifting half of total retail payments to digital channels in 2023, with more small businesses likely to onboard moving forward......»»
PDIC now accepts digital payments through Land Bank of the Philippines’ Link.BizPortal facility
PDIC now accepts digital payments through Land Bank of the Philippines’ Link.BizPortal facility.....»»
InstaPay, PESONet transactions hit P3.8 trillion in Q1
The value of online payments coursed through the automated clearing houses established by the Bangko Sentral ng Pilipinas (BSP) reached P3.81 trillion in the first three months of the year, as Filipinos continue to use digital channels for their financial transactions......»»
Lapu-Lapu: 2 members of city’s clearing team fail drug test
LAPU-LAPU CITY, Cebu — Two individuals were found positive of using illegal drugs during the drug test initiated by the City of Lapu-Lapu Office of Substance Abuse Prevention (CLOSAP) on Wednesday afternoon, January 24, 2024. Twenty six personnel from the City’s Clearing Team underwent the drug test, after Lapu-Lapu City Mayor Junard “Ahong” Chan called.....»»
Further improvement in Philippines external position seen
The Bangko Sentral ng Pilipinas (BSP) sees a further improvement in the country’s external payments position this year due to a likely higher balance of payments (BOP) surplus and a narrower current account (CA) deficit......»»
Maya is '1 Digital Bank in PH
Maya now stands as the #1 Digital Bank in the Philippines, revolutionizing the industry with its unified payments and banking services on one digital platform. In 2023, Maya saw a remarkable increase in users, with 3 million depositors, more than double the previous year, and a deposit balance reaching PHP25 billion, a 69% increase from […].....»»
BSP planning wholesale digital currency drop by 2026
The Bangko Sentral ng Pilipinas, our country’s central bank, is planning to launch a “central bank digital currency” within two years......»»
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.....»»
Brgy. official: No ship-clearing in Punta Engaño
Brgy. official: No ship-clearing in Punta Engaño.....»»
Clearing operation at Bacolod Vendor’s Plaza set
Clearing operation at Bacolod Vendor’s Plaza set.....»»
MV Diamond clearing, not shipbreaking
MV Diamond clearing, not shipbreaking.....»»
Road clearing ops for March set
THE Ancillary Services Unit has scheduled dates and areas for the joint clearing of streets leading to densely populated areas in Davao City to ensure the passage of emergency or response vehicles in times of calamity or fires......»»
Road-clearing ops to ensure emergency road accessibility
THE City Government of Davao carried out a road-clearing operation on February 16, 2023, at Barangay 31-D to ensure emergency road accessibility......»»
Kaspersky Suggests to Add Sorting Your Digital Clutter to Your New Year’s Resolutions
This new year, you could have resolved to quit a vice, learn something new, manage your finances better, and maybe check a couple off your bucket list of places to visit. Cybersecurity company Kaspersky suggests adding another practical and smart resolution to your 2024 list: to protect your precious data by clearing your digital clutter! […].....»»