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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......»»
BSP prodded to build up forex reserves
The Bangko Sentral ng Pilipinas should continue rebuilding its gross international reserves amid the wide current account deficit and heavy reliance on debt funding, according to Bank of America Global Research......»»
Eased forex rules to take effect this year
The Bangko Sentral ng Pilipinas is expected to release its final circular on eased foreign exchange rules this year to attract more foreign investments into the country, a Monetary Board member said yesterday......»»
BSP to further relax forex rules
The Bangko Sentral ng Pilipinas may further relax its rules and regulations governing foreign exchange transactions in a bid to attract more foreign investments into the country......»»
Choco too much for winless SGA
Like a cold-blooded assassin, Choco Mucho crushed Strong Group Athletics, 25-17, 25-15, 25-15, yesterday to remain unshakeable at the helm and inch closer to the semis of the PVL All-Filipino Conference at the PhilSports Arena......»»
Lady Tamaraws stay on semis hunt
The Far Eastern University Lady Tamaraws continue to inch closer to the last remaining Final Four spot of the UAAP Season 86 women’s volleyball tournament after sweeping the Adamson Lady Falcons, 25-19, 25-23, 25-23 Tuesday at the Smart Araneta Coliseum......»»
Lapu-Lapu killing: Construction worker stabbed dead by man with 23-inch bolo
LAPU-LAPU CITY, Cebu — A 52-year-old construction worker died after he was stabbed by another construction worker in Purok Thunder, Timpolok, Barangay Babag in Lapu-Lapu City on Sunday evening, March 10, 2024. The victim was identified as Victor Franco Tolo, with a live-in partner, a resident of the place. READ: Senior citizen hacked to death.....»»
Government borrowings inch up to P2.19 trillion
The Philippines slightly increased its borrowings to P2.19 trillion last year amid a high interest rate environment here and abroad, with the government almost hitting its entire financing program......»»
China 'Pushes the Boundaries' with its expanding borders
Beijing [China], February 13 (ANI): In late 2021, Chairman Xi Jinping famously told President Joe Biden, "Aggression or hegemony is not in the blood of the Chinese nation. Since the founding of the people's republic, China has never started a single war or conflict, and has never taken one inch of land from other countries." However, such a claim is demonstrably false, as China recklessly pushes forward its boundaries on.....»»
China 'Pushes the Boundaries' with its expanding borders
Beijing [China], February 13 (ANI): In late 2021, Chairman Xi Jinping famously told President Joe Biden, "Aggression or hegemony is not in the blood of the Chinese nation. Since the founding of the people's republic, China has never started a single war or conflict, and has never taken one inch of land from other countries." However, such a claim is demonstrably false, as China recklessly pushes forward its boundaries on.....»»
Political noises that hurt peace
Being sworn to uphold the 1987 Constitution when he became the highest elected official of the land, President Ferdinand “Bongbong” Marcos Jr. (PBBM) reiterated his commitment to never to allow dismemberment of Mindanao from the rest of the Philippines, nor diminish even a square inch of the country’s territory. During his Constitution Day speech last Thursday, PBBM vowed “to defend it against any and all threats, external and internal” even up to his dying breath......»»
Why mounting a 2024 plebiscite on charter change will be a daunting task for Comelec
Charter change advocates are eyeing a plebiscite this year to ratify their proposed amendment to the 1987 Constitution, but the Comelec says it doesn't have enough time, manpower, and resources to mount a nationwide vote, as the 2025 elections inch closer.....»»
Thanks to donors
We launched “Pasko Sa Enero” in partnership with the Philippine Sports Commission yesterday and we’re excited to choose the 20 winners to receive cash, food, basketballs, shirts, caps, portable bluetooth speakers, 8-inch and handyfans, smart cups, coffee press pots, umbrellas, travel trollies, laptop bags, cosmetics and a lot more during our awarding program on Sunday, Jan. 21, 10 a.m. at Starbucks Molito, Alabang.....»»
Power rates slightly inch up in January — Meralco
Meralco said that it will have a slight increase in power rates by P0.0846 per kiloWatt-hour (kWh) which brings the overall rate for a household to P11.3430 per kWh this month......»»
Gov’t debt slightly drops to P14.93T
The national government’s total debt dropped to P14.93 trillion as of the end of March, down 1.67 percent from the previous month’s P15.12 trillion. This was because more money was repaid for domestic government loans than was borrowed. The Bureau of Treasury reported that 31.14 percent of the debt is from outside the country, while.....»»
BPI bullish this year amid continued loan growth
After posting record earnings in the first quarter, Bank of the Philippine Islands is optimistic about its growth prospects for this year as it sees its loan book growing by 11 to 12 percent, mainly driven by higher loans from consumers......»»
China Bank Savings profit hits record high in 2023
The thrift banking arm of Sy-led China Banking Corp. booked a record high net income of P1.85 billion in 2023 amid the continued expansion in customer base and loans......»»
LGU loans more than tripled in H2
The proposed domestic borrowings of local government units (LGUs) more than tripled to P48.9 billion in the second half of 2023 from P15.8 billion in the same period in 2022, the Bangko Sentral ng Pilipinas (BSP) reported......»»
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......»»
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......»»