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Cop dies after falling from vehicle, struck by pickup
A policeman died after he was run over by a pickup when he fell from a patrol car in this province early yesterday......»»
DOF limits tax-exempt status for pickup trucks
The Department of Finance is pushing for only one kind of pickup truck to remain tax-exempt as it insists on the removal of special excise treatment on all other types......»»
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......»»
Busay accident: Drunk driver crashes into house, injuring 2 people
CEBU CITY, Philippines – A 54-year-old man crashed his pickup truck into a store and house in Lower Busay, Cebu City on Wednesday afternoon, May 15, 2024, while drunk. The accident, which occurred around 4:30 p.m., injured two people. The driver, Nemesio Lat Libit, 54, from Barangay Mabolo, Cebu City, was taken to the police.....»»
BSP logs 40K complaints relating to financial consumer protection; only 5% come from Mindanao
SINCE the effectivity of the Financial Consumer Protection Act (Republic Act 11765) in June 2022, the Bangko Sentral ng Pilipinas (BSP) has logged more than 40,000 complaints from customers of different BSP-supervised financial institutions from all over the Philippines. Of this number, only around 5 percent come from Mindanao, implying the Mindanaoans' unawareness of the law......»»
BSP Governor Eyes Potential Rate Cut as Inflation Eases
In a recent interview, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. hinted at a potential rate cut later this year, signaling optimism amid the nation’s economic landscape. While cautious about the first semester, Remolona remains watchful, stating that the move could come “within the year.” The BSP, responding to escalating inflation, had hiked […].....»»
BSP governor says February rate cut not likely
In statements made to the press, BSP Governor Eli Remolona said that due to the “numbers we are seeing” a rate cut “is not likely (on) February 15”, which is the next scheduled meeting date for the BSP’s Monetary Board......»»
Marcos commits to sign NIR bill into law
President Marcos yesterday committed to sign a measure seeking to create the Negros Island Region, which is now being transmitted to Malacañang by the House of Representatives for his approval......»»
Filipino villager to be nailed to a cross for the 35th time on Good Friday to pray for world peace
MANILA, Philippines (AP) — A Filipino villager plans to be nailed to a wooden cross for the 35th time to reenact Jesus Christ’s suffering in a brutal Good Friday tradition he said he would devote to pray for peace in Ukraine, Gaza and the disputed South China Sea. Ruben Enaje, a 63-year-old carpenter and sign.....»»
Frasco seeks House probe on Metro Cebu traffic crisis
MANDAUE CITY, Cebu – On Valentine’s Day, Feb. 14, Deputy Speaker and Cebu 5th District Rep. Vincent Franco “Duke” Frasco filed House Resolution No. 1592 that directs the House Committees on Transportation and Good Government and Public Accountability to investigate the traffic crisis that is currently affecting Metro Cebu and identify possible solutions to said.....»»
Fuel price rollback expected this week
MANILA, Philippines — Good news awaits motorists following successive price increases in gasoline as oil companies are tipped to slash local fuel prices by less than a peso this coming week, according to industry sources. In an advisory over the weekend, Unioil said the price of diesel should go down by 30 centavos to 40.....»»
OceanaGold IPO price set
OceanaGold Inc. , the operator of Didipio gold and copper mine in Nueva Vizcaya, pegged its initial public offering price at P13.33 per share, more than a fifth lower than its earlier announced maximum price of P17.28 per share......»»
Petron rolls back LPG price by P11 per 11-kg cylinder
MANILA, Philippines — Petron Corp. slashed the price of its liquefied petroleum gas product after implementing increases for three consecutive months this year. In its advisory, Petron said its LPG price was cut by P1 per kilogram (kg) or a total of P11 per 11-kg cylinder effective April 1 at 12 noon. “This reflects the.....»»
DA, DTI urged to enforce stricter price monitoring during Holy Week
A lawmaker has called on the Department of Agriculture and the Department of Trade and Industry to keep an eye on possible price surges during the Holy Week and set suggested retail price on basic commodities......»»
Fuel price cut expected this week
Fuel prices are expected to decrease slightly again following a minimal downward price adjustment previously, according to industry sources. In an advisory over the weekend, Unioil said the price of diesel might go down by 20 to 30 centavos per liter and gasoline by 30 to 50 centavos per liter. ALSO READ: Fuel prices rise.....»»
NFA mulls hike in selling price
The National Food Authority is considering raising its selling price of rice to as much as P36 per kilogram to recover its costs and keep profit margins after it increased its palay buying price last year......»»
Oil price hike expected on February 20
After last week’s price rollback, another oil price hike is expected to be implemented by oil firms next week......»»
Nine SKUs post price hike in latest SRP bulletin
Nine stock keeping units have recorded price hikes in the most recent suggested retail price bulletin for basic necessities and prime commodities, according to the Department of Trade and Industry......»»
Netizen may nakita raw ‘demonic sign’ sa litrato nina Rica at Paula
BINARAG agad-agad ni Rica Peralejo ang netizen na naglagay ng masamang interpretasyon sa video nila ng kapatid na si Paula Peralejo sa Instagram. Ang feeling kasi ng naturang IG user ay gumamit daw ng “demonic sign” si Rica sa ginawa nilang short video ni Paula na in-upload nitong nagdaang April 26 sa IG. Makikita rito.....»»
Defense chief: PH didn t sign any contract with China concerning Ayungin Shoal
Defense chief: PH didn t sign any contract with China concerning Ayungin Shoal.....»»