The House Committee on Appropriations has officially dropped the Government Service Insurance System (GSIS) and Social Security System (SSS) as sources of funds for the controversial Maharlika Wealth Fund (MWF). (MANILA BULLETIN) This, after the appropriations panel approved during a public hearing...
The House of Representatives has balked at plans to tap the Government Service Insurance System (GSIS) and the Social Security System (SSS) as contributors to the supposed P275-billion Maharlika Wealth Fund (MWF). Marikina City 2nd district Rep. Stella Quimbo (Ellson Quismorio/ MANILA BULLETIN)...
President Ferdinand "Bongbong" Marcos Jr. vowed a prudent spending of government money under his term. President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate) “Be assured that it is the policy of this administration, to ensure that every peso and every centavo that the government spends in its...
Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla has expressed concerns over the proposed Maharlika Wealth Fund (MWF)--concerns that Albay 2nd district Rep. Joey Salceda, a proponent of the controversial measure, wants to chase away. Albay 2nd district Rep. Joey Salceda Medalla is...
Civil Service Commission (CSC) Chairperson Karlo Nograles urged civil servants to avail themselves of the financial education program to be offered soon by the agency. Civil Service Commission (CSC) Chairman Karlo Alexei Nograles (Senate PRIB Photo) Nograles made the statement during the Bangko...
Satellite technology has gone a long way from just providing internet connection in far-flung areas as it is now aimed at educating people about financial literacy. PhilSA Space Missions Control and Operations Division Science Research Specialist I Engr. Vench Learry Angulo running diagnostics...
BAGUIO CITY -- The Bangko Sentral ng Pilipinas and the Department of Interior and Local Government will launch the ‘Paleng-QR Ph’ cashless payment program with this city as pilot site on Sunday, August 14, at People’s Park Malcolm Square here. BSP Governor Dr. Felipe Medalla and Deputy...
Irked by exorbitant bank transfer fees amid the prevailing high inflation, Albay 2nd district Rep. Joey Salceda has urged the Bangko Sentral ng Pilipinas (BSP) to issue regulations that would put a cap on bank charges. Albay Rep. Joey Salceda (Photo from Salceda’s office) Salceda, chairman of the...
The Bangko Sentral ng Pilipinas (BSP) has authorized the government to borrow $3.54 billion from foreign creditors in the second quarter of this year. The new approved public sector foreign borrowing is 26 percent higher than the $2.80 billion borrowing in the second quarter last year. But it is 26...
BAGUIO CITY – The Bangko Sentral ng Pilipinas (BSP) and the Department of Interior and Local Government (DILG) are considering this city as a pilot site for the ‘Paleng-QR Ph’ program promoting cashless payments in public markets and local transportation. BSP Deputy Governor Berna...
President Marcos’ chief economic manager said the Philippine economy would continue its robust expansion pace this year despite a rising interest rate environment. Finance Secretary Benjamin E. Diokno said on Thursday, July 14, that the economy, as measured by the gross domestic product (GDP),...
Senator Aquilino “Koko” Pimentel III has asked the Bangko Sentral ng Pilipinas (BSP) to stop the issuance and the production of the P1,000 polymer banknotes amid mounting complaints about its practical use as a legal tender. In a related development, Pimentel also filed a resolution urging the...
