The financial industry remains a prime target for cyberattacks, despite the Bangko Sentral ng Pilipinas’ (BSP) new framework to enhance cyber resilience, a global cybersecurity and digital privacy company has warned. Kaspersky, a cybersecurity firm, reported that the finance sector...
President Marcos' party is already in talks with other political parties to complete the Partido Federal ng Pilipinas (PFP) senatorial slate for the upcoming elections. Marcos bared such development during the general assembly of PFP on Monday, Sept. 16, where he met with party members and...
It’s another week of drive to the gasoline stations that will come lighter on consumers’ pockets as the price of gasoline products will be on rollback by P1.00 per liter; and diesel product prices will be reduced by P1.30 per liter, according to the pricing advisories of the oil companies....
Downward inflation augurs well for the Bangko Sentral ng Pilipinas' (BSP) monetary policy easing ahead of the US Federal Reserve, according to the think tank Capital Economics. In a Sept. 13 report, Capital Economics senior Asia economist Gareth Leather and assistant economist Harry Chambers noted...
By Derco Rosal As the Bangko Sentral ng Pilipinas (BSP) started to implement interest rate cuts, small business owners are feeling a wave of optimism. For entrepreneurs like Grace Sarmiento, who owns a hardware store in Cagayan, these changes could signify not just relief but also opportunity. The...
For two-term senator Cynthia Villar, the Nacionalista Party (NP) remains a “force to reckon with" that maintains a stronghold in Las Piñas City with two senators, one congresswoman, and the majority of local elected officials aligned with its ranks. Villar said that this is how NP...
The total assets of the local banking system grew by 12.24 percent to P25.932 trillion as of end-July compared to same period last year of P23.104 trillion, supported by stable deposits, loans and investments. The asset growth enables Philippine banks to improve their lending and investing...
The Bangko Sentral ng Pilipinas (BSP) is planning to transition to a new inflation forecasting model in 2025 for better economic predictions, officials said on Monday, Sept. 9. Currently, the BSP relies on the Multi-Equation Model (MEM) and the Single Equation Model (SEM), which have shown strong...
A significant weight will be lifted off from consumers’ pockets this week, as the price of gasoline products will be on hefty reduction of P1.55 per liter; while diesel prices will also go down by P1.30 per liter. Kerosene, which is another commodity that is not just essential to household...
As inflation falls, the Bangko Sentral ng Pilipinas (BSP) will further lower key interest rates at its next monetary policy stance meeting in October, according to the think tank Capital Economics. "The past week has brought more encouraging news on inflation, with August data showing that...
House Speaker Martin Romualdez (Speaker’s office) Davao CityHouse Speaker Martin Romualdez rolled out on Thursday, Sept. 5 two never-before-seen benefits in the 23 iterations so far of the Bagong Pilipinas Serbisyo Fair (BPSF). These...
BPSF Davao City (Speaker’s office) Davao City--No politics, only love for Davao and the rest of Mindanao. This, in a nutshell, was House Speaker Martin Romualdez's message during the staging of the Bagong Pilipinas Serbisyo Fair (BPSF) here in this...
