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...
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...
