BSP: More digital banks joining the industry soon

Ian Nicolas P. Cigaral 07/27/2024

The Bangko Sentral ng Pilipinas (BSP) will resume accepting applications for digital banking licenses after three years, allowing more players into the growing industry. The number of available slots is still unknown, but BSP Governor Eli Remolona…

Easing inflation, election spending seen to drive economic growth in Q2

Mariedel Irish U. Catilogo 07/22/2024

The Philippine economy may grow by 7.1 percent in the second quarter due to easing inflation and mid-term election spending, the Bank of the Philippine Islands’ (BPI) lead economist said. This exceeds the government’s annual growth target…

PH faces banking, airline disruptions from global Microsoft outage

Ian Nicolas P. Cigaral 07/20/2024

The Philippines experienced disruptions from a global Microsoft outage on Friday, affecting banking and airline services. The state-run Land Bank of the Philippines reported that its digital channels are now restored after the outage, which also caused…

Garcia voices full support for Marcos, silent on VP Sara’s fallout

Nestle L. Semilla 06/30/2024

CEBU CITY —Cebu Governor Gwendolyn Garcia has pledged full support for President Ferdinand Marcos Jr. following the split between the President and Vice President Sara Duterte, whom she and her party backed in 2022. Garcia made this…

Philippine Eagle pair released in Leyte forests

Joselle Badilla 06/29/2024

BURAUEN, LEYTE — Conservationists made history by releasing a pair of Philippine eagles in an effort to repopulate the forests of Leyte province. Witnessed by Environment Secretary Maria Antonia Yulo-Loyzaga, the eagles, “Uswag” (male) and “Carlito” (female),…

Marcos to Filipinos on Eid’l Adha: Grow in wisdom and fortitude

Zacarian Sarao 06/17/2024

MANILA, Philippines — President Ferdinand “Bongbong” R. Marcos Jr. urged Filipinos to “grow in wisdom and fortitude” as the nation celebrates Eid’l Adha, the Feast of Sacrifice. In joining Filipino Muslims in the observance of Eid’l Adha, Marcos…

Pagasa: Expect fair, warm weather on Thursday

John Eric Mendoza 06/13/2024

MANILA, Philippines — The state weather bureau on Thursday predicts fair and warm weather across the country due to easterly winds. According to Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) weather specialist Aldczar Aurelio, Luzon and Visayas…

PH, New Zealand to sign visiting forces agreement this year

Donna Pazzibugan 06/11/2024

MANILA, Philippines — The Philippines will establish a Status of Visiting Forces Agreement (VFA) with New Zealand this year. Foreign Secretary Enrique Manalo and New Zealand Deputy Prime Minister Winston Peters announced this during Peters’ visit to…

Fuel price rollback: Diesel down P1.20 per liter, gasoline by 60¢

Jordeene B. Lagare 06/10/2024

MANILA, Philippines — Good news greets motorists this week as oil companies announced a rollback in fuel pump prices effective Tuesday, June 11. Gasoline will drop by 60 centavos per liter, diesel by P1.20 per liter, and…

Marcos orders ‘Bagong Pilipinas’ hymn, pledge during flag rites in gov’t, public schools

Melvin Gascon 06/10/2024

MANILA, Philippines — President Ferdinand Marcos Jr. has ordered government offices and public schools to include the singing of the “Bagong Pilipinas” (“New Philippines”)  hymn and the reciting of the pledge during their flag ceremonies. This is intended…

Gasoline prices down by 90¢ per liter, diesel up 60¢

Jordeene B. Lagare 06/03/2024

Fuel companies announced significant price adjustments of up to 90 centavos per liter in local pump prices starting Tuesday, June 4. According to industry sources, the price of gasoline will decrease by 90 centavos per liter. But…

UN body urges PH to pass SOGIESC bill

Dexter Cabalza 06/03/2024

MANILA, Philippines — In celebration of Pride Month this June, the United Nations Population Fund (UNFPA) urged Congress to pass the antidiscrimination bill, seen as a crucial step toward a more inclusive Philippines “For the United Nations Population…

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