House Ways and Means chair and Albay 2nd district Rep. Joey Salceda on Tuesday, Feb. 7, warned that prices of fish and eggs will “remain elevated” throughout the year although he assured that inflation from February onwards will be lower compared to January. Eggs and fish (Pixabay/MANILA...
The Bangko Sentral ng Pilipinas (BSP) said on Tuesday, Jan. 31, that inflation for the month of January may be lower at 7.5 percent from December’s actual 8.1 percent, or higher at 8.3 percent because of costlier power rates during the period. “The BSP projects January 2023 inflation to settle...
The economic managers of the Marcos administration have started discussing senators about the many issues surrounding the controversial Maharlika Investment Fund (MIF) on Monday night, January 30. The briefing held at the Senate was done by Finance Secretary Benjamin Diokno, Budget Secretary Amenah...
The Bangko Sentral ng Pilipinas (BSP) should implement more "confidence-building measures" on the use of P1,000 polymer bank notes, Surigao del Norte 2nd district Rep. Robert Ace Barbers said Tuesday, Jan. 31. A P1,000 polymer bill. (Ellson Quismorio/ MANILA BULLETIN) Barbers made this call even as...
Whoever said that independent minority solon Albay 1st district Rep. Edcel Lagman and President Ferdinand "Bongbong" Marcos Jr. would never agree on anything regarding the controversial Maharlika Investment Fund (MIF)? Albay 1st district Rep. Edcel Lagman (left) and President Ferdinand "Bongbong"...
The proposed Maharlika Investment Fund (MIF) that wowed potential investors at the World Economic Forum (WEF) in Davos, Switzerland was essentially a rewritten document that's entirely different from the bill passed by the Philippine House of Representatives. Albay 2nd district Rep. Joey Salceda...
Mobile wallet GCash has partnered with the Bangko Sentral ng Pilipinas (BSP), Department of the Interior and Local Government (DILG), and the local government of Tagbilaran City for this week's rollout of the Paleng-QR Ph program. The Paleng-QR Ph program of the BSP and DILG seeks to build the...
BSP to raise policy rate for the third time. The PAGASA warned against flooding in low-lying areas and landslides in mountainous areas due to the prevalence of three rain-inducing weather systems—the low pressure area (LPA), shear line, and northeast monsoon READ: https://t.co/14lzG8boQT...
The year 2023 has been acknowledged by the International Monetary Fund as a year of global economic recession that would hit one-third of the world’s economy. The economic difficulties have been brought about by Russia’s war in Ukraine, causing oil prices to rise to historic levels, disrupting...
Albay 2nd district Rep. Joey Salceda expects immediate action from the Bank of the Philippine Islands (BPI) regarding the bank's mobile account glitch, which was reported by many netizens on Wednesday, Jan. 4. In a Facebook post, Erwin Esteban, a BPI account holder, wondered what had happened to...
Vice President Sara Duterte on Thursday, Dec. 15, chose to keep her silence regarding the proposed bill that would create the controversial Maharlika Investment Fund (MIF), a sovereign wealth fund set to be managed by the government to boost revenues it can use for infrastructure development and...
The Bangko Sentral ng Pilipinas (BSP) has assured congressmen that using the central bank's dividends on the proposed Maharlika Wealth Fund (MWF) would not have any adverse effects on its gross international reserves (GIR). (Giorgio Trovato/ Unsplash) BSP Deputy Governor Francisco Dakila Jr., made...
