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‘Why we need to amend the restrictive economic provisions’
In today’s column, I will publish the full text of the testimony I submitted to the Senate subcommittee on the Joint Resolution of both Houses No.6, which was convened on Feb. 5, 2024 at the Senate Session Hall, Senate of the Philippines......»»
Senate hearings on economic Cha-cha to start next week
Senate President Juan Miguel Zubiri said that the Senate will begin deliberating its proposal to amend the economic provisions of the 1987 Constitution next week amid heightened political tensions that seemed to have sprung from differing views on how to change the Charter......»»
Amid House-Senate rift, Romualdez seeks common ground on Cha-cha with Zubiri
After the Senate delivered a scathing rejection of the ongoing People’s Initiative (PI) campaign to amend the Charter, House Speaker Martin Romualdez has reached out to Senate President Juan Miguel Zubiri to express the lower chamber's support for an alternative PI led by the upper chamber......»»
Senate, House joint resolution on Cha-Cha now suspended, says Pimentel
After a strongly worded manifesto, the Senate hits the brakes on charter change until they can ascertain the 'real agenda,' says Senate Minority Leader Koko Pimentel.....»»
Senate says ‘people’s initiative’ exploits democratic process
The Senate issued a manifesto condemning the “people’s initiative” to amend provisions of the 1987 Constitution, which they said will undermine the power of the Senate. .....»»
Pia becomes 1st woman to head Senate Blue Ribbon
Sen. Pia Cayetano has been elected as chair of the Senate Blue Ribbon committee, becoming the first woman to head the panel in Senate history......»»
PRO-Davao awaiting order from Senate’s sgt-at-arms to arrest Pastor Quiboloy
THE Police Regional Office-Davao (PRO-Davao) has confirmed that they have not deployed law enforcers to arrest Pastor Apollo Quiboloy, a long-time religious fugitive in the country as they are awaiting a direct signal from the Office of Sergeant-at-Arms (Osaa) in the Senate......»»
Senate tackles bill vs game-fixing
A bill pushing for a law against game-fixing and also promoting professionalism in sports was been raised before the Senate Committee on Sports Wednesday......»»
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......»»
Carcar rape: Bank employee claims 17-year-old girl flirted with him
CEBU CITY, Philippines – The two bank employees, who were accused of raping a 17-year-old girl in Carcar City, Cebu on Friday, had refuted the victim’s allegations against them. Bank account officer Chandie Canadalla alleged that the girl asked him to accompany her to the bathroom and went along with his flirting. From the bathroom,.....»»
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.".....»»
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.....»»
Philippines rating unchanged in women, business and law index
The Philippines has made no progress in providing equal economic opportunities for women as it kept its previous year’s rating in the latest Women, Business and Law report of the World Bank......»»