Monday, June 14, 2021
PH working on staying out of the gray list area | Headline PH

PH working on staying out of the “gray list” area

MANILA — The Financial Action Task Force (FATF), the global money laundering and terrorist financing watchdog places countries or jurisdictions on the "gray-list" when too tight bank secrecy laws prevent the task force from...
Term deposit rates up anew | Headline PH

Term deposit rates up anew

MANILA – Term deposit facility (TDF) rates of the Bangko Sentral ng Pilipinas rose Wednesday, still on investors' demand for yields amid the elevated inflation rate. The central bank data shows the average rate of...
BAP elects PNB's Veloso for president | Headline PH

BAP elects PNB’s Veloso for president

MANILA — The Bankers Association of the Philippines (BAP) elects its new president in Philippine National Bank (PNB) President and Chief Executive Officer Jose Arnulfo "Wick" Veloso during its annual membership meeting. Veloso says his...

PH debt break ₱10 trillion barrier by December — DBM

Data from the Department of Budget and Management (DBM) revealed that the Philippines' debt would keep rising in the next few months to end at ₱10.16 trillion by December. Outstanding loans of the national government...

Dennis Uy’s P700M loan request sparks warning vs PhilGuarantee

Davao-based businessman Dennis Uy recently made headlines once again as reports say that he eyes for a huge amount of loan worth P700 million through his company Chelsea Logistics. Alarmed by this development, Bayan Muna...

Closed bank assets sold reaches P277 million – PDIC

The Philippine Deposit Insurance Corporation (PDIC) sold P277 million worth of properties previously owned by 559 closed banks last year, higher than the total sold in 2018. In a statement issued on Monday, PDIC said...

GSIS to launch mobile app for members

The Government Service Insurance System (GSIS) plans to launch a new mobile application as part of its efforts to make its services more accessible to its members. GSIS chairman and acting president Rolando Macasaet announced...

PayMaya BalikBayad campaign inspires Pinoys to go cashless

PayMaya Philippines Inc. has stepped up its campaign to encourage more Filipinos to adopt cashless payment through the PayMaya app. PayMaya launched yesterday its “BalikBayad” campaign which eyes to follow the success of its “Don’t...

BSP resumes rate cuts as Asia battles pressure from nCoV threat

The Bangko Sentral ng Pilipinas (BSP) said on Thursday that they have resumed their monetary policy easing, citing a manageable inflation environment and the need to cushion the economy from external hardships. At its first...

Coco Martin among artists who want House to tackle ABS-CBN franchise issue

Ang Probinsyano star Coco Martin is among the artists and members of the entertainment industry who made an “urgent appeal” to the House of Representatives to tackle the franchise renewal of media giant ABS-CBN...

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Costs of power outages charged to users | Headline PH

Costs of power outages charged to users @ ₱0.0798/kWh

  There are two factors that pushed up wholesale electricity market prices (WESM) charges: the increase in Luzon demand and the simultaneous generation plant outages,...
WHO uses a new naming system for COVID-19 variants | Headline PH

WHO uses a new naming system for COVID-19 variants

In a bid to avoid stigmatizing any country for detecting and reporting variants, the World Health Organization decides to rename variants first detected in...
MRT3, LRT1 provide free train rides, 7-9AM, 5-7PM | Headline PH

MRT3, LRT1 provide free train rides, 7-9AM, 5-7PM

  Is a city tour by train from end to end in your plans today? Just saying.   MANILA — The Metro Rail Transit 3 (MRT3) and...