BSP Hikes Policy Rates As Inflation Accelerates

BSP

BSP hikes its policy rates by 25 basis points amidst quickening inflation. BSP — The Bangko Sentral ng Pilipinas raised its key policy rates by 25 basis points to 2.25% amidst quickening inflation. The Bangko Sentral ng Pilipinas followed other central banks around the world which have also raised interest rates in an attempt to … Read more

President Duterte Expresses Gratitude To Those Who Believe In Him

President Duterte

President Duterte: “I would like to express my gratitude sa inyo at maraming salamat po.” PRESIDENT RODRIGO DUTERTE — The outgoing President expressed his gratitude to those who believed in him and brought him to the presidency as he counts his last days as the country’s Chief Executive. Before the speech, the President indicated he’s … Read more

Robin Padilla Urges Charter Change In Proclamation

Robin Padilla

Robin Padilla: “Hinihingi ko po sa inyo, mga kapatid ko sa Senado, atin pong bigyan ng pagkakataon ang reporma.” ROBIN PADILLA — The senator-elect appealed to his fellow lawmakers to help him push for charter change, the forefront of his campaign platform. A first-timer and the first placer in the 2022 Senate race, Robin was … Read more

President Duterte Signs Law Imposing Heavy Penalties vs Investment Fraud

banknotes

President Duterte has signed into law a measure imposing heavy penalties against investment fraud. PRESIDENT RODRIGO DUTERTE — The President has signed into law a measure penalizing individuals found guilty of investment fraud with as much as PHP 10 million fine or significant years of jail time or both. The new penalties are provided under … Read more

BSP Speaks On Duterte EO On Government Digital Payments

BSP

BSP: “Digital collection of payments will expedite transactions, generate savings for the government and the public, and reduce the risk of graft and corruption.” BSP — Here’s what the Bangko Sentral ng Pilipinas said after President Rodrigo Duterte issued an executive order allowing the adoption of digital payments for government collections and disbursements. On Tuesday, … Read more