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Philippine central bank holds key interest rates
MANILA, May 16 (Xinhua) -- The Philippine central bank opted Thursday to keep the bank's target reverse repurchase rate at 6.5 percent and the interest rates on the overnight deposit and lending facilities at 6 percent and 7 percent, respectively. In a press conference, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona said that inflation expectations remain well-anchored while a restrictive policy stance.....»»
Producers Savings Bank acquires Leyte rural bank
Producers Savings Bank Corp. has completed its merger with one more rural bank, bolstering the bank’s assets and profit growth via its branch network expansion......»»
Philippines central bank keeps key interest rates unchanged
MANILA, April 8 (Xinhua) -- The Philippine central bank opted Monday to keep the bank's target reverse repurchase rate at 6.5 percent, and the interest rates on the overnight deposit and lending facilities at 6 percent and 7 percent respectively. In a press conference, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona said the latest inflation path has shifted slightly higher but still remains within targe.....»»
Teachers welcome reconciled bill on allowance hike
Teachers groups Alliance of Concerned Teachers (ACT) and Teachers’ Dignity Coalition (TDC) welcomed a reconciled bill by the Senate and the House of Representatives that would gradually increase the teaching allowance of public school teachers starting school year 2025-2026......»»
House bill seeks to postpone BSKE anew
A bill seeking to postpone the barangay and Sangguniang Kabataan elections scheduled on Dec. 1 next year has been filed before the House of Representatives......»»
Council to appeal March 1 as special non-working holiday in Davao City
The Davao City Council is seeking to appeal to the national government to declare March 1 as a non-working holiday in honor of Araw ng Davao, the city's founding anniversary. Councilor Al Ryan Alejandre emphasized the importance of this appeal for the people of Davao, expressing hope that the president will grant their request. This initiative comes as a response to a new bill that designates March 1 as the new founding anniversary, shifting the traditional celebration date from March 16. Despite the bill and law designating March 1 as a working holiday, the council aims to annually request Malacañang to recognize it as a non-working holiday. The appeal is intended to ensure that Dabawenyos can actively participate in the festivities. Additionally, the executive committee of Araw ng Davao is in the final stages of organizing events and activities for the celebration. Discussions have been ongoing, with plans anticipated to be finalized soon. This move reflects the council's commitment to honoring and celebrating the city's heritage and traditions......»»
CIMB boosts financial inclusion with Lazada
Digital-only commercial bank CIMB Bank Philippines has teamed up with e-commerce platform Lazada Philippines to further advance financial inclusion and digital payments among Filipinos, targeting to onboard 500,000 borrowers within six months......»»
Medical marijuana bill reaches Senate plenary
The bill seeking to legalize medical marijuana in the Philippines has reached the Senate plenary, the first time in the history of the upper chamber, according to a cannabis lawyer......»»
House OKs bill revoking franchise of SMNI on final reading
The House Bill which seek to revoke the franchise of Sonshine Media Network International has received 284 yes notes from the members of the House of Representatives......»»
NEWS BRIEFS | 01 March 2024
Bill for IPs in Bangsamoro passes second reading at BARMM Parliament CAGAYAN DE ORO (MindaNews / 01 March) – The Bangsamoro Parliament approved on second reading Parliament Bill No. 273, a measure that would recognize, develop and protect the rights of the indigenous peoples in the autonomous region. Deputy Floor Leader Mary Ann Arnado said […].....»»
Rep. Wilbert Lee: P20 per kilo of rice still possible
CEBU CITY, Philippines — The promise of President Ferdinand Marcos Jr. to lower the price of rice to P20 per kilo remains doable if House Bill No. 9020 or the “Cheaper Rice Act” is passed into law, Agri Partylist Representative Wilbert Lee said. Under his proposed bill, Lee said that the government will have to.....»»
World Bank expects faster growth for Philippines this year
Economic growth in the Philippines is projected to be faster this year than in 2023, but the pace will be lower than the government’s target, the World Bank said in a report......»»
Divorce bill reaches House plenary
The divorce bill that Catholic bishops have vigorously opposed for decades has now reached the plenary level of the House of Representatives, where debates will begin......»»
Go pushes welfare of entertainment workers
Sen. Bong Go yesterday lauded the approval of Senate Bill 2505, better known as the Eddie Garcia bill, on the third and final reading last Monday......»»
Teacher career progression bill clears House panel hurdle
Public school teachers may soon have access to more advanced career opportunities and higher compensation after the House appropriations committee approved the unnumbered substitute bill for the proposed Teacher Career Progression Act on Tuesday. .....»»
Security Bank sees 5.8 percent economic growth in Q4
Security Bank Corp. believes the Philippine economy grew by 5.8 percent in the fourth quarter last year, bringing the full-year gross domestic product growth to 5.6 percent in 2023......»»
TUCP to House: Pass bill that seeks across-the-board P150 wage hike
TUCP to House: Pass bill that seeks across-the-board P150 wage hike.....»»
Marian Rivera, Dingdong Dantes witness Senate pass Eddie Garcia bill, honor Rewind
The Eddie Garcia bill passed the Senate on final reading with several celebrities present, including Iza Calzado, Ricky Davao, Randy Santiago, Tirso Cruz III, Martin Nievera, Pops Fernandez, celebrity couple Marian River and Dingdong Dantes, and Garcia's wife Lilibeth Romero......»»
Senate OKs Eddie Garcia bill on third reading
The Senate yesterday approved on third and final reading the so-called Eddie Garcia bill, which seeks to protect movie and television workers from unfair treatment and poor working conditions......»»
Bill seeks to waive review fees for indigents
A bill seeking to exempt indigent individuals from paying the review fees for board and Bar examinations on their first take have been jointly filed by five members of the House of Representatives......»»