BSP may cut big banks’ RRR to 5 percent
The Bangko Sentral ng Pilipinas (BSP) is looking at a significant reduction in the level of deposits banks are required to keep with the central bank after it starts cutting interest rates this year, its top official said......»»
I didn t know Bettina was the killer : Kaila Estrada shocked with Can t Buy Me Love finale
Even Kaila Estrada didn't know her "Can't Buy Me Love" character Bettina was such a central figure in the show's closing episodes......»»
Coffee shop offers dessert martini, tea-based mojito in new Makati cafe bar
Coffee shop Pocofino is expanding its services by opening a new cafe bar in the heart of Makati's central business district......»»
Limit on substitutions for 2025 elections
FOLLOWING the recent prohibition of candidate substitutions for the May 2025 midterm elections, the Commission on Elections - Davao Region (Comelec-Davao) has confirmed that the central office has not yet provided comprehensive guidelines on disallowing substitutions outside the designated period for filing certificates of candidacy (COCs)......»»
Philippine central bank holds key interest rates
MANILA, May 16 (Xinhua) -- The Philippine central bank opted Thursday 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 that inflation expectations remain well-anchored while a restrictive policy stance.....»»
Philippines sees remittances rise 2.6 pct in March
MANILA, May 15 (Xinhua) -- Personal remittances from overseas Filipinos reached 3.05 billion U.S. dollars in March, recording a 2.6 percent growth year-on-year, the Philippine central bank said on Wednesday. The Bangko Sentral ng Pilipinas (BSP) said the cumulative personal remittances in the first quarter amounted to 9.15 billion dollars, 2.8 percent higher than the amount in the same period in 2023. The.....»»
MMDA, LTO ink deal to accredit motorcycle academy
The Metropolitan Manila Development Authority on Monday signed an agreement with the Land Transportation Office to establish the MMDA Motorcycle Riding Academy as an accredited Practical Driving Examination Center......»»
Philippines FDI net inflows grow by 29.3 pct in February
MANILA, May 10 (Xinhua) -- Foreign direct investment (FDI) that flowed into the Philippines grew year-on-year by 29.3 percent in February to reach 1.4 billion U.S. dollars, the country's central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) attributed the surge in FDI inflows in February to the 927.3 percent expansion in nonresidents' net investments in equity capital, excluding reinvestment of earning.....»»
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.....»»
First rate cut likely 25 basis points - The Manila Times
MONETARY authorities will cut key interest rates by 25 basis points (bps) once inflation settles around the midpoint of the target range, the chief of the Bangko Sentral ng Pilipinas (BSP) said. "Right now, if we ease, it will just be 25 basis points. But we'll see," central bank Governor Eli Remolona Jr. told reporters on Monday. "Anything more than 25 [bps], it's like there's a recession alrea.....»»
2 suspected rebels killed in clashes in Philippines
MANILA, May 2 (Xinhua) -- Government troops on Thursday killed two suspected rebels in two clashes in Iloilo province in the central Philippines on Thursday, a military report said. The report said the first clash occurred in Leon town at 7:30 a.m. local time when soldiers were conducting combat operations following a tip-off from the villagers about the presence of around 20 New People's Army (NPA) rebels in th.....»»
1st LD Writethru: 6.0-magnitude quake hits central Philippines
MANILA, May 3 (Xinhua) -- An offshore earthquake with a preliminary magnitude of 6.0 rocked Leyte province in the central Philippines on Friday, the Philippine Institute of Volcanology and Seismology said. The institute said the quake, which occurred at 6:16 p.m. local time (1016 GMT), hit at a depth of 8 km, about 32 km southeast of Dulag, a coastal town. The institute said the tectonic quake will trigge.....»»
210 protesters detained during May Day demonstrations in Turkey
Turkish police detained 210 people Wednesday during May Day demonstrations in Istanbul, said Interior Minister Ali Yerlikaya.Activists took to the streets on May 1 to call for better working conditions and labor rights. Pro-Palestinian sentiments also were on display.Yerlikaya said protesters refused to listen to warnings and that they attempted to walk to Istanbul's central Taksim Square and "attack" pol.....»»
More millennials enroll in agri courses – Tesda
THE Technical Education and Skills Development Authority (Tesda) assured that the central agency will prioritize the abundant agricultural sector in the Davao Region as it has one of the biggest areas of agriculture in the country with a growing number of the agency’s beneficiaries enrolled in their technical vocational agri-related programs......»»
Philippines foreign investments yield net outflows in March
MANILA, May 1 (Xinhua) -- The Philippines' foreign investments yielded net outflows of 236 million U.S. dollars in March, the Philippine central bank said Wednesday. The Bangko Sentral ng Pilipinas (BSP) said the foreign investment transactions in March resulted from the 1.6 billion dollars in gross outflows and 1.4 billion dollars in gross inflows for the month. "The recorded net outflows are a reversal.....»»
Peso weakness could prompt rate hike anew – IMF
Inflationary pressures stemming from currency depreciation may become a reason for Asian central banks, including the Bangko Sentral ng Pilipinas, to tighten monetary policy once again, the International Monetary Fund said......»»
BSP’s ample dollar reserves to keep peso at bay – Nomura
The Bangko Sentral ng Pilipinas is one of the central banks in the region that has enough dollar buffers to defend its currency against the greenback, according to Japanese investment bank Nomura......»»
Philippines grapples with measles, pertussis outbreaks: UNICEF
MANILA, April 25 (Xinhua) -- The Philippines is experiencing measles outbreaks in the southern region, pertussis outbreaks in parts of Luzon and Visayas in the central region, and nearly 70 percent of the country's provinces and cities are at high risk of polio, the United Nations Children's Fund (UNICEF) has said. "All three are highly infectious diseases for children," the U.N. agency said in a recent press re.....»»
Philippines tallies 6 heat-related deaths
MANILA, April 24 (Xinhua) -- The Philippines' Department of Health (DOH) on Wednesday said it has received at least 34 cases of heat-related illness, including six deaths, from January 1 to April 18 this year. "The causes of death are still for verification," DOH Assistant Secretary Albert Domingo said. The 34 reported heat-related cases were from the central Visayas region in the central Philippines, the.....»»
Cops told to remove visible tattoos to keep professional image
CEBU CITY, Philippines – Policemen with visible tattoos even when wearing their uniform must remove their body art to maintain a professional image. This was the instruction stated in Memorandum Circular 2024-023 regulating the bearing and sporting of tattoos among law enforcers, applicants, and cadets in the academy. Police Lieutenant Colonel Gerard Ace Pelare, spokesperson.....»»