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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......»»

Category: newsSource:  inquirerRelated NewsFeb 16th, 2024

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.....»»

Category: newsSource:  inquirerRelated NewsFeb 16th, 2024

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......»»

Category: financeSource:  philstarRelated NewsFeb 14th, 2024

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.....»»

Category: newsSource:  sunstarRelated NewsFeb 4th, 2024

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......»»

Category: financeSource:  philstarRelated NewsFeb 2nd, 2024

GCash misuporta sa BSP, DILG sa paglusad sa Paleng-QR Ph

GCash misuporta sa BSP, DILG sa paglusad sa Paleng-QR Ph.....»»

Category: newsSource:  sunstarRelated NewsJan 30th, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 29th, 2024

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 […].....»»

Category: newsSource:  metrocebuRelated NewsJan 24th, 2024

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.....»»

Category: newsSource:  philippinetimesRelated NewsJan 20th, 2024

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.....»»

Category: newsSource:  manilanewsRelated NewsJan 19th, 2024

BSP partners with Baiphil

BSP partners with Baiphil.....»»

Category: newsSource:  inquirerRelated NewsJan 17th, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 10th, 2024

FACT CHECK: P20K automatic monthly pension for senior citizens false

A YouTube channel, Tita Kitkat TV claims that the government will now provide an automatic P20,000 monthly social pension for all senior citizens......»»

Category: newsSource:  davaotodayRelated NewsApr 9th, 2024

Marijuana courier dies in General Santos road accident

A motorcycle-riding courier out to deliver some P20,000 worth of his illegal merchandise died in a road accident in Barangay Calumpang in General Santos City before dawn Friday......»»

Category: sportsSource:  abscbnRelated NewsApr 5th, 2024

Marijuana courier dies in General Santos road accident

A motorcycle-riding courier out to deliver some P20,000 worth of his illegal merchandise died in a road accident in Barangay Calumpang in General Santos City before dawn Friday......»»

Category: sportsSource:  abscbnRelated NewsApr 5th, 2024

EDITORIAL - NFA housecleaning

With rice retailed at P20 per kilo still stuck in the realm of aspiration, a scandal has erupted in the National Food Authority, which is tasked to maintain a rice buffer stock for the country by buying from local farmers......»»

Category: newsSource:  philstarRelated NewsMar 9th, 2024

Villar pushes extension, higher budget for RCEF

Sen. Cynthia Villar wants to double the annual guaranteed allocation for the rice competitiveness enhancement fund to P20 billion as she seeks to extend the fund by another six years or until 2030......»»

Category: financeSource:  philstarRelated NewsMar 6th, 2024

The pests that are toxic politics and rice tariffication

Duterte back in 2019 promised us of cheaper rice with his Rice Tariffication Law. The Marcos-Duterte Uni-Team in 2022 promised to lower the price of rice to P20 per kilo. These promises clearly remained as promises......»»

Category: newsSource:  davaotodayRelated NewsMar 5th, 2024

Lapu-Lapu demolition victims receive cash assistance from LGU

LAPU-LAPU CITY, Cebu — Around 318 families, who were victims of demolitions last year, received financial assistance from the Lapu-Lapu City Government on Wednesday, February 21, 2024. Of the said number, 214 families received P21,000 each, while 104 families received P20,000 each. Lapu-Lapu City Mayor Junard “Ahong” Chan said that this was in line with.....»»

Category: newsSource:  inquirerRelated NewsFeb 23rd, 2024

DA moving to prevent decline in onion farmgate price

Efforts are now being done to prevent the further decline in the farmgate price of onions as farmers are forced to sell their produce at about P20 per kilo, Department of Agriculture spokesman Arnel De Mesa said......»»

Category: newsSource:  philstarRelated NewsFeb 22nd, 2024