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From the Newsrooms: February 25 to March 2, 2024
HEADLINES LAST week called public attention to the killing of 17-year-old Jerhode "Jemboy" Baltazar who was shot by police in August 2023. A local court promulgated on February 27 the murder case filed against six police officers, who were earlier terminated from service. The court's conviction of one of the accused was downgraded to homicide. Four others were convicted for illegal discharge of firearms. Another accuse.....»»
Philippine central bank keeps interest rates unchanged
MANILA, Feb. 15 (Xinhua) -- The Philippine central bank opted Thursday to keep the bank's target reverse repurchase rate unchanged at 6.5 percent, and thus the interest rates on the overnight deposit and lending facilities were kept at 6 percent and 7 percent, respectively. In a statement, the Bangko Sentral ng Pilipinas (BSP) said the Monetary Board noted that the inflation outlook "was broadly unchanged.".....»»
Philippine central bank keeps interest rates unchanged
MANILA, Feb. 15 (Xinhua) -- The Philippine central bank opted Thursday to keep the bank's target reverse repurchase rate unchanged at 6.5 percent, and thus the interest rates on the overnight deposit and lending facilities were kept at 6 percent and 7 percent, respectively. In a statement, the Bangko Sentral ng Pilipinas (BSP) said the Monetary Board noted that the inflation outlook "was broadly unchanged.".....»»
Senior citizen shot dead in Cebu City; personal grudge eyed
CEBU CITY, Philippines – A senior citizen was killed after he was shot by a gunman in Cabancalan 2, Barangay Bulacao, Cebu City on Thursday morning, February 22, 2024. The victim was identified by his sister as 63-year-old Juan Ordenieza, who works as a parking attendant. He was shot while he was buying alcohol to have a.....»»
Octogenarian fire victim gets immediate cash, relief aid from Himamaylan LGU
Octogenarian fire victim gets immediate cash, relief aid from Himamaylan LGU.....»»
PNP exec in sex scandal threatened victim with enforced disappearance
A Philippine National Police colonel embroiled in a sex scandal allegedly threatened his victim that he could make her disappear......»»
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.....»»
PH Remains One of the Fastest Growing Economies in East Asia and Pacific, World Bank Says
The World Bank retains its positive outlook on the Philippine economy despite foreseen challenges. According to their April 2024 East Asia and Pacific Economic Update, the World Bank projects a 5.8 percent economic growth for the Philippines this year — the East Asia and Pacific region’s second fastest-growing economy. Moreover, the said update also adjusted […].....»»
UnionDigital Bank revenue grows to over P5 billion
UnionDigital Bank, the digital banking arm of Aboitiz-led Union Bank of the Philippines, saw its revenue grow to over P5 billion in 2023 mainly driven by higher deposits and loans......»»
BPI renews alliance with Mizuho Bank
The Bank of the Philippine Islands has renewed its alliance with Japan’s Mizuho Bank Ltd., expanding and strengthening the scope of business cooperation between the two banks......»»
JBIC’s environmental compliance arm to investigate bank’s LNG activity in Verde Island Passage
The Examiner for Environmental Guidelines of the Japan Bank for International Cooperation (JBIC) is set to commence an investigation for potential violations by the bank in relation to its support to the Atlantic Gulf & Pacific Company (AG&P), which built a liquefied natural gas import terminal in the biodiversity hotspot known as the Verde Island […].....»»
J-K Bank Q3 net profit up 35 pc to Rs 421 cr, 9-month net jumps 57 pc
Srinagar (Jammu and Kashmir) [India], January 20 (ANI): Jammu and Kashmir bank net profit rose 35 per cent year-on-year (YoY) to Rs 421.08 crore for the October-December Quarter (Q3FY 2024) when compared to Rs 311.59 crore registered for the same period last fiscal, an official release said. According to the release, the bank announced the results today after its Board of Directors reviewed and approved the numbers for Q3.....»»
J-K Bank Q3 net profit up 35 pc to Rs 421 cr, 9-month net jumps 57 pc
Srinagar (Jammu and Kashmir) [India], January 20 (ANI): Jammu and Kashmir bank net profit rose 35 per cent year-on-year (YoY) to Rs 421.08 crore for the October-December Quarter (Q3FY 2024) when compared to Rs 311.59 crore registered for the same period last fiscal, an official release said. According to the release, the bank announced the results today after its Board of Directors reviewed and approved the numbers for Q3.....»»
Sandigan affirms Benguet ex-cashier’s 89-year sentence
The Sandiganbayan has affirmed the conviction of a former cashier of the Benguet provincial government for multiple counts of malversation of public funds over a cash shortage amounting to P4.08 million......»»
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......»»
Sandigan upholds sentence for Nabcor execs in ‘pork’ scam
The Sandiganbayan has upheld the conviction of three officials of abolished state firm National Agribusiness Corp. (NABCOR) in connection with the pork barrel scam......»»
Migz: Until final ruling, Jinggoy to continue as senator
Sen. Jinggoy Estrada will continue performing his functions as senator until and unless his conviction by the Sandiganbayan becomes final and executory, Senate President Juan Miguel Zubiri said......»»
Myanmar Filmmaker Sentenced to Life in Prison
On January 10, a Myanmar military court closed to the public sentenced award-winning documentary filmmaker Shin Daewe to life in prison on trumped-up terrorism charges. Her conviction and harsh sentencing is the latest example of the Myanmar junta's relentless persecution of the media.Police arrested Shin.....»»
Jeslar Uriel Larumbe, hit-and-run victim, laid to rest in Minglanilla cemetery
CEBU CITY, Philippines – The 23-year-old basketball player, whose promising future was destroyed by a tragic accident that led to his untimely death, was laid to rest on Saturday, February 24. Over a hundred people, that included family members, friends, and his former classmates, attended the 1:30 p.m. Requiem Mass that was held at the.....»»