The Commission on Elections (Comelec) and the Banko Sentral ng Pilipinas (BSP) on Monday, Jan. 31, signed an escrow agreement for the safekeeping of the automated election system (AES) source code in relation to the May 2022 polls. Screenshot Comelec FB The virtual signing was led by Comelec...
The research arm of credit rater Fitch Group has maintained its bearish stance on the Philippine peso, as it expects the local currency to even weaken as accommodative policy stances and a worsening current account weigh on the local currency. In a research note on Friday, Jan. 14, Fitch Solutions...
Efforts to institutionalize financial education in the capacity-building initiatives of the Armed Forces of the Philippines (AFP) gained momentum with the unveiling of financial education materials intended for the uniformed and civilian personnel of the Philippine Air Force, Philippine Army, and...
The Bankers Association of the Philippines (BSP) said that awarding Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno as “Global Central Banker of the Year” – beating all other central bankers around the world – is a “well-deserved recognition”. Bankers Association of the...
The Government Service Insurance System (GSIS) and Social Security System (SSS) topped the list of state-run firms in terms of income for 2020 but both also registered the largest amount of expenditures during the year that the 2019 coronavirus disease (COVID-19) pandemic hit the country, the...
A group of teachers urged the Bangko Sentral ng Pilipinas (BSP) to discontinue its plan to roll out the new design of the P1,000 bill a move that has been drawing criticism from various sectors since it was announced. BSP polymer banknotes The Teachers Dignity Coalition (TDC) expressed opposition...
Malacañang tried to appease the public Tuesday, Dec. 14 over the backlash on the new P1,000 banknote featuring a Philippine eagle design that will be issued alongside the existing bill thas has portraits of World War II heroes Vicente Lim, Josefa Llanes Escoda, and Jose Abad Santos. (Ali Vicoy/...
While recognizing the importance of paying homage to three Filipino World War 2 heroes, human rights lawyer Chel Diokno on Monday, Dec. 13, expressed his reservations over replacing their portraits with the Philippine eagle in the new design of the P1,000 banknote. Human rights lawyer Chel Diokno...
The national government will repay the full amount of its cash advances to the Bangko Sentral ng Pilipinas (BSP) ahead of the January maturity date, the Department of Finance (DOF) said. In a letter addressed to BSP Governor Benjamin E. Diokno, Finance Secretary Carlos G. Dominguez III said that...
President Duterte’s economic managers will meet this week with the foreign chambers of commerce to tackle the country’s recovery initiatives and present their investment priority sectors. The economic team led by the Department of Finance (DOF) and the Bangko Sentral ng Pilipinas (BSP) will...
Aspiring Filipino scientists abroad may soon submit their applications to be Balik Scientists in the country through an online portal that will be launched by the Balik Scientist Program (BSP) of the Department of Science and Technology (DOST) on Friday, Nov. 19. Balik Scientist Program (BSP...
Consumer prices last month rose near the lower end of a government forecast owing to slower increase in food prices, the National Economic and Development Authority (NEDA) reported on Friday, Nov. 5. Data from the Philippine Statistics Authorty showed that prices increased 4.6 percent in October,...
