CAMP COL. RAFAEL C. RODRIGUEZ, Butuan City – Three police officers were injured by a farmer who ran amok during a family feud in Sitio Guitas, Barangay Bunawan Brook, Bunawan town, Agusan del Sur province on Thursday, May 29. “Arman, 67, a father with knife that ran berserk, was subdued by our...
Loans from big banks or universal and commercial banks, excluding investments in Bangko Sentral ng Pilipinas’ (BSP) reverse repurchase (RRP), grew slower at 11.2 percent from March’s 11.8-percent expansion. Growth in outstanding loans to residents, excluding RRPs, slowed to 11.9 percent in...
Filipino consumers can anticipate a substantial easing of inflation in May this year, according to the latest forecast from the Bangko Sentral ng Pilipinas (BSP). The central bank projects inflation to settle within the range of 0.9 percent to 1.7 percent in May, a significant deceleration...
Department of Tourism (DOT) Secretary Christina Garcia-Frasco received a 92 percent job performance rating in the nationwide “Boses ng Bayan” survey conducted in 2024, ranking her among the Marcos administration’s highest-rated cabinet officials. The independent poll by RP-Mission and...
The buzz and market excitement in the marketplace is being kept up by the price of rice at ₱20 per kilo, which vulnerable sectors in particular areas can avail of right from the start. It’s no longer just a campaign promise but is now being enforced, with the President brushing aside...
All Bangko Sentral ng Pilipinas (BSP)-supervised financial institutions (BSFIs) have been ordered to strengthen their risk management procedures by integrating the screening of negative news reports—such as fraud, crime, and scandals involving customers—into their customer due diligence and...
Muntinlupa Mayor Ruffy Biazon continued to implement reforms at the city-run Ospital ng Muntinlupa (OsMun) in Alabang. On May 27, he went to the hospital to inspect a new batch of medical supplies, including medicine and items for hemodialysis. “Bahagi ito ng tuluy-tuloy na reporma sa OsMun...
If trade shocks are left unchecked, they could potentially inflict greater damage on Philippine growth, compromising the country’s significant progress in recent years, according to a top official of the Bangko Sentral ng Pilipinas (BSP). “In particular, trade shocks affect the capital stock of...
The national government has raised more than its offered amount of ₱25 billion through short-term debt papers, as demand from local creditors soared despite lower interest rates driven by expectations of further rate cuts in the coming months. At Monday’s auction on May 26, the Bureau of the...
Digital payment transactions via PESONET and Instapay increased by 31.2 percent to ₱1.85 trillion in April, from ₱1.41 trillion in the same month last year. This is equivalent to a ₱440-billion increase from April 2024, according to the latest Bangko Sentral ng Pilipinas (BSP) data....
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. said that further cuts in banks’ reserve requirement ratio (RRR) may happen next year as the central bank looks to ramp up its liquidity management and make the yield curve more reliable. “It might be for next year. We are trying to...
New Clark City (NCC), envisioned as a modern, sustainable metropolis north of Metro Manila, is on the cusp of welcoming a national institution: a new, comprehensive facility for the Bangko Sentral ng Pilipinas (BSP). This ambitious project of the BSP, with a target completion date of 2028,...
