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‘Probe past NFA admins’ billion-peso palay sales’
Farmers’ group Federation of Free Farmers national manager Raul Montemayor asked Agriculture Secretary Francisco Tiu Laurel Jr. to include in the ongoing probe on the National Food Authority (NFA)’s questionable rice sale to some traders the alleged billions of pesos worth of fresh palay sold during previous administrations......»»
Gov’t debt stock rose to P14.79 trillion as of Jan
MANILA, Philippines — The government’s outstanding debt rose in January due to a weak peso and after the Marcos administration borrowed more from local creditors than what it paid for its maturing liabilities, the Bureau of the Treasury (BTr) reported Friday. Data showed state obligations increased 1.9 percent month-on-month to P14.79 trillion as of January. ALSO READ:.....»»
Debt balloons to P14.8 trillion
The issuance of domestic securities and the weakening of the peso pushed the country’s outstanding debt to a fresh high of P14.79 trillion in January, latest data from the Bureau of the Treasury showed......»»
End-January Philippine debt balloons to P14.79 trillion — Treasury
The Philippines' outstanding debt climbed to a record of P14.79 trillion as of the end of January 2024 due to the net issuance of domestic securities and the effect of peso depreciation, the Bureau of Treasury (BTr) said on Friday......»»
Korea-led joint venture bags Comelec deal
A joint venture led by South Korean firm Miru Systems Co. Ltd. bagged the multibillion-peso contract for the lease of voting machines to be used in the May 2025 midterm polls, the Commission on Elections announced yesterday......»»
Tax credit scam: 5 ex-DOF execs get 8 years
The Sandiganbayan has affirmed the conviction of five former officials of the Department of Finance for graft over the multibillion-peso tax credit scam in the 1990s......»»
SC affirms conviction of man caught with fake bills
The Supreme Court has upheld the conviction of a man arrested for possession and use of counterfeit Philippine peso bills......»»
Rewind breaks P900M mark, including over P50M abroad
"Rewind" starring real-life couple Marian Rivera and Dingdong Dantes surpassed the P900-million peso mark at the global box office, a first for any Filipino film......»»
Isinusulong na Cha-cha, Peso initiative not peoples initiative — Senador
NANINIWALA si Senador Sherwin Gatchalian na hindi maaring tawagin pang Peoples Initiative kundi Pera initiative na ito ay dahil kapalit ng paglagda ng taong bayan ay may kapalit na halaga. Ayon kay Gatchalian batay sa impormasyong kanyang nakalap sa bawat pirma ng isang tao ay mayroong kapalit na isang daan o dalawang daang piso. Kung ….....»»
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......»»
BDO to raise P5 billion via sustainability bonds
BDO Unibank Inc. is raising at least P5 billion as it returned to the domestic debt market via the issuance of peso-denominated fixed-rate sustainability bonds......»»
Hotshots turn to veteran Reavis in win vs Terrafirma
Coming off back-to-back defeats, the second of which was a horrendous loss, the Magnolia Hotshots needed a huge bounce-back win as the PBA Philippine Cup quarterfinals race ramps up......»»
Constantino guns for back-to-back-to-back
Harmie Constantino aims for her third consecutive victory in the ICTSI Luisita Ladies International 2024 set April 23-25 at the Luisita Golf and Country Club in Tarlac......»»
Charter change could bring back dictatorship, intensify rights abuses — survivor
For Medy De Jesus, 74, a martial law survivor and member of human rights group Hustisya, the impending charter change could bring back another dictatorship and more human rights violations. The post Charter change could bring back dictatorship, intensify rights abuses — survivor appeared first on Bulatlat......»»
Que mounts charge with 65; Tabuena fights back
Angelo Que continued to flaunt his remarkable skills as the stakes rose, producing a stellar six-under 65 to gain 10 spots in the rankings. He moved to joint eighth even as Miguel Tabuena charged back in time to salvage a 70 and wheel back into contention after three rounds of the Malaysian Open in Seri Kembangan Saturday......»»
China to ‘resolutely fight back’ if provoked on Taiwan
Denounced in the Philippines for her rebuke of President Marcos over the Taiwan issue, Chinese ministry of foreign affairs spokesperson Mao Ning has lashed back at Defense Secretary Gilbert Teodoro Jr., saying China is ready to “resolutely fight back” if provoked......»»
Foreign operations carry ICTSI back to growth mode
International Container Terminal Services Inc. of tycoon Enrique Razon Jr. shipped itself back to expansion mode, as profit rose by 36 percent in the first quarter of the year......»»
Philippines to showcase tourism offerings at Arabian Travel Market, Seoul Int’l Travel Fair 2024
The Department of Tourism and its marketing arm, Tourism Promotions Board, are set to lead the delegation who will spotlight Philippines' tourism offerings in back-to-back travel and trade events this month......»»
The family feud that holds the Philippines back
The family feud that holds the Philippines back The Economist.....»»
Mitchell makes MPBL splash
Fil-Am guard DJ Mitchell was supposed to be a one-and-done player with La Salle in the UAAP last season but a back injury prevented what would’ve been a highlight of his basketball career as the Archers won the crown. Mitchell, 24, returned to the US for medical treatment and after eight months, came back here only to find out he wouldn’t be eligible for the UAAP because of age......»»