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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......»»
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......»»
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......»»
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.....»»
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......»»
Rice tariff collections hit P30 billion in 2023
Tariff collections from 3.6 million metric tons of rice imports likely reached a record P30 billion in 2023 on the back of a weaker peso and higher global grain prices......»»
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 ….....»»
Samsung’s base Galaxy S24 starts at P53,990, Ultra at P84,990
The cheapest base model gets twice the memory as the 2023 version, while the Ultra line gets a 3,000-peso price bump across the range.....»»
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......»»
Tobacco output seen surpassing 42 million kg this year
The country’s tobacco production this year could expand to a three-year high of over 42 million kilograms on the back of higher demand and better prices, the National Tobacco Administration (NTA) said......»»
Philippines gross int l reserves level settles at 103.4 bln USD in April
MANILA, May 7 (Xinhua) -- The Philippines' gross international reserves (GIR) decreased to 103.4 billion U.S. dollars at the end of April from 104.1 billion dollars at the end of March, the Philippine central bank said Tuesday. The Bangko Sentral ng Pilipinas (BSP) said the latest GIR level represents a more than adequate external liquidity buffer equivalent to 7.7 months' worth of imports of goods and payments.....»»
PH takes progressive stance at global negotiations to end plastic pollution
PH takes progressive stance at global negotiations to end plastic pollution.....»»
Pacers end playoff drought, eliminate Bucks
Pacers end playoff drought, eliminate Bucks.....»»
Caring beyond curing
The Healthway Cancer Care Hospital is a labor of love,’ says Dr. Jaime Ysmael, president and CEO, Healthway Medical Network. ‘It is aimed at providing a different kind of cancer care that’s more holistic, delivering end-to-end cancer services — from screening to diagnosis, treatment, and post-cancer care.’.....»»
Is it the end for 'Eat Bulaga'?
Is it the end for 'Eat Bulaga'?.....»»
Fujifilm Philippines supports campaign to end TB
Fujifilm Philippines, a global leader in imaging and healthcare technology, has expressed support for the Department of Health and United States Agency for International Development in their campaign to end tuberculosis in the country. 2022 data from the DOH show that around 106 Filipinos die every day from TB, a severe lung infection caused by bacteria......»»
Muslims pray wars to end, want grand mosque for Cebu
Muslims pray wars to end, want grand mosque for Cebu.....»»