BSP-registered foreign portfolio investments yield net outflows in September 2020 BSP-registered foreign portfolio investments[1] for September 2020 yielded net outflows of US$494 million resulting from the US$1.1 billion gross outflows and US$594 million gross inflows for the month. This is larger than the recorded net outflows of US$127 million in[…]
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AKO BICOL PARTY-LIST REP. ALFREDO A. GARBIN, JR. Vice-Chair, Committee on Justice 09177292437 | Twitter @AlfredoGarbin ERC, NEA MUST COME DOWN HARD ON UNJUST ELECTRICITY DISTRIBUTORS [No service disconnections until January 31, 2021] Both the Energy Regulatory Commission and the National Electrification Administration must act motu propio on the many[…]
Read more13th Month Pay for Filipino Workers
REP. ANGELICA NATASHA CO BHW Party-list | Member for the Minority, Health, Economic Affairs, and 12 other Committees Author, Barangay Health and Wellness Reform Act (House Bill 3985) One of House authors, Crushing COVID-19 Act (House Bill 6865) 09177292437 | https://www.facebook.com/BHWPhilippinesOfficial/ Buo dapat matanggap ng MSME workers ang 13th month[…]
Read moreReenacted 2021 Philippine Budget Averted
REP. LAWRENCE “LAW” H. FORTUN Agusan del Norte 1st District Member in the Minority A lawyer by profession | Mobile number 09177292437 REENACTED BUDGET AVERTED, HOUSE MINORITY FISCALIZED TO MAKE SURE 2021 BUDGET ADDRESSES COVID-19, ECONOMIC RECOVERY [Congress must be ready for bicam and ratification in late December] It is[…]
Read morePhilippine Government Budget for 2021 Reenacted
REP. LAWRENCE “LAW” H. FORTUN Agusan del Norte 1st District Member in the Minority A lawyer by profession | Mobile number 09177292437 House approves 2021 budget bill on 3rd and final reading REENACTED BUDGET AVERTED, HOUSE MINORITY FISCALIZED TO MAKE SURE 2021 BUDGET ADDRESSES COVID-19, ECONOMIC RECOVERY [Congress must be[…]
Read moreDOE Secretary Cusi Speaks at Opening of IAEA Scientific Forum
DOE Secretary Cusi Speaks at Opening of IAEA Scientific Forum TAGUIG CITY – Department of Energy (DOE) Secretary Alfonso G. Cusi yesterday (22 September) virtually joined the roster of high-level speakers from around the world, for the Opening Session of the two-day International Atomic Energy Agency (IAEA) Scientific Forum. The[…]
Read moreRediscount Rates and Loan Availments as of August 2020
BSP REDISCOUNT RATES FOR SEPTEMBER 2020 AND LOAN AVAILMENTS AS OF AUGUST 2020 In accordance with the Monetary Board (MB) decision to maintain interest rates during its policy meeting on 20 August 2020 as well as the approved temporary reduction of the spread on Peso, US Dollar (USD) and Japanese[…]
Read moreDOE Sec. Cusi Joins the Building Green 2020 Digital Conference
DOE Sec. Cusi Joins the Building Green 2020 Digital Conference TAGUIG CITY – The Department of Energy (DOE), as one of the national government partners of the Philippine Green Building Council (PhilGBC), joins the celebration of the Green Building Month through the Council’s first virtual episode of the Building Green[…]
Read moreInflation Slows Down to 2.4 Percent in August 2020
Inflation Slows Down to 2.4 Percent in August 2020 Year-on-year headline inflation slowed down to 2.4 percent in August from 2.7 percent in the previous month and was below the BSP’s expected range of 2.5-3.3 percent for the month. The resulting year-to-date average inflation rate of 2.5 percent was within[…]
Read moreBank Lending Decelerates Further in July 2020
Bank Lending Decelerates Further in July 2020 Preliminary data show that outstanding loans of universal and commercial banks, net of reverse repurchase (RRP) placements with the BSP, grew by 6.7 percent in July, slower than the 9.6-percent expansion recorded in the previous month. On a month-on-month seasonally-adjusted basis, commercial bank[…]
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