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BSP to be more cautious on lowering rates – S& P
The Bangko Sentral ng Pilipinas, along with other emerging market central banks, would be more cautious about cutting borrowing costs this year amid external risks, according to S&P Global Ratings......»»
Why the dollar is still strong
Despite the ongoing wars in Ukraine and Gaza, Fitch’s credit rating downgrade of the US, the lowering of the US credit rating outlook to negative by Moody’s and a growing US debt burden, the US dollar has regained its strength......»»
Why the dollar is still strong
Despite the ongoing wars in Ukraine and Gaza, Fitch’s credit rating downgrade of the US, the lowering of the US credit rating outlook to negative by Moody’s and a growing US debt burden, the US dollar has regained its strength......»»
The PSE’s first IPO might be delayed until next quarter
A report from Iris Gonzales of The Philippine Star said that the Citicore Renewable Energy Corp. IPO might be moved from late March to sometime in Q2 to be more “in line with the expected lowering of interest rates” and to give CREC more time to “complete some remaining regulatory requirements”......»»
CREC likely to move IPO to Q2
The planned initial public offering of Citicore Renewable Energy Corp., potentially the first IPO of 2024, may be moved to the second quarter of the year in line with the expected lowering of interest rates by then......»»
BSP onboards 1st nonbank electronic money issuer
The Bangko Sentral ng Pilipinas (BSP) achieved a significant milestone by welcoming OmniPay, Inc. as the first nonbank electronic money issuer (EMI) participant in its Real Time Gross Settlement (RTGS) payment system, PhilPaSSplus. This move aligns with the National Payment Systems Act and signifies a more inclusive national payment system, allowing nonbank financial institutions to conduct efficient and low-risk funds transfers directly through the central bank. Assistant Governor Mary Anne P. Lim emphasized the BSP's commitment to safeguarding the entire Peso RTGS payment system amidst global trends of diversified participation. With 236 institutions, including various banks and nonbank entities, utilizing PhilPaSSplus for large value transactions and retail payment clearing, the BSP's initiative reflects a broader trend of central banks facilitating direct access for nonbank entities to settlement services. This development comes as international standard-setting bodies work on access guidelines to manage risks in evolving payment systems with new players and financial technologies......»»
SC junks petition challenging legality of POGOs
The Supreme Court has junked a petition challenging the legality of the rules on Philippine offshore gaming operators or POGOs for violating the doctrine of hierarchy of courts and failing to meet the requirements for judicial review......»»
Missile system sa Northern Luzon pinalagan ng Makabayan
Nais ng tatlong kongresistang miyembro ng Makabayan bloc na mapaimbestigahan sa Kamara de Representantes ang tinanim na missile system umano ng Estados Unidos sa Northern Luzon. The post Missile system sa Northern Luzon pinalagan ng Makabayan first appeared on Abante......»»
Filing of complaints now easier with CARe System – DTI
The DTI introduced the DTI Consumer Complaints Assistance and Resolution System (CARe System) to the general public on 13 October 2023 held at the New World Hotel Manila......»»
Cebu City eyes ‘Singapore-like’ railway system to improve transport
CEBU CITY, Philippines – A Singapore-like railway system is being eyed by the Cebu City government in a bid to improve the transport system in the city. This was after Cebu City Councilor Rey Gealon, chairman of the Traffic Management Committee (TMC), penned a resolution urging the Department of Transportation (DOTr) to conduct a study.....»»
Filipino workforce lacks soft skills to adapt to digital age: gov t study
MANILA, Feb. 6 (Xinhua) -- Filipino workers lack soft skills, making it hard for them to adapt to the digital age, such as artificial intelligence and fast-emerging technologies, according to a government study released on Tuesday. Toward Measuring Soft Skills for Youth Development: A Scoping Study, a study conducted by the Philippine Institute for Development Studies, reveals that the Filipinos' weakness in sof.....»»
Meralco fails anew to secure new supply deal
Manila Electric Co. has declared another failed bidding for a 260-megawatt interim power supply agreement after failing to attract interested companies......»»
275 BuCor personnel face job loss
At least 275 personnel of the Bureau of Corrections are set to lose their jobs for failing to complete the required eligibility and education requirements under the law, despite extensions......»»
Bey wants to ‘run it back’ with Magnolia
Despite failing to secure a PBA championship for the Hotshots, Magnolia import Tyler Bey is open to return to the league......»»
SC sets guidelines for determining children s discernment in criminal acts
Children are not always assumed to have the ability to make sound judgments in criminal offenses, the Supreme Court said......»»
On Labor Day, KMU slams red-tagging of union leaders in Davao
Heading in to International Labor Day on May 1, the labor center Kilusang Mayo Uno (KMU) slams the Marcos Jr. administration for failing to stop the harassment and red-tagging of labor union leaders in Davao Region......»»
Incomplete
Next to a definite failing grade of “5” or singko, what many UP students dislike the most is an “INC” or Incomplete......»»
DTI Reminds Businesses to Secure Permits for Promotions
The Department of Trade and Industry (DTI) has emphasized the necessity for businesses to obtain permits before conducting promotions. DTI Assistant Secretary Amanda Nograles stated that such activities fall under the agency’s jurisdiction and require permits. Nograles warned that failing to secure a DTI permit for promotions could lead to penalties. DTI maintains a team […].....»»
A year after Pamplona massacre, Janice Degamo says ‘justice is coming’
'Let us never forget what we are fighting for – for justice, for democracy, for peace, for our very existence,' Pamplona Mayor Janice Degamo says on the first anniversary of her husband's murder.....»»
SEC files criminal complaint vs Abra Mining
The Securities and Exchange Commission (SEC) has filed a criminal complaint against Abra Mining & Industrial Corp., its directors, officers, transfer agent and certain stockholders for alleged unauthorized trading of shares over a five-year period......»»