Central bank says debt of Hanjin Philippine unit to five banks not that big
January 11, 2019
The Philippines’ five largest banks have an exposure of $412 million in the local unit of Hanjin Heavy Industries and Construction Philippines but the central bank said Friday there is no need to worry. Diwa Guunigundo, Officer-in-Charge and deputy governor
FDI down 74.2 percent to $491 million in October: central bank
January 11, 2019
Foreign direct investments (FDI) registered $491 million net inflows in October 2018, 74.2 percent lower than the $1.9 billion net inflows recorded in the same month in 2017, the Bangko Sentral ng Pilipinas (BSP) said Friday. This is the third
Palace sees easing of traffic congestion with telecommuting law
January 11, 2019
Malacañang expressed optimism on Friday the the newly-passed telecommuting law could help ease traffic congestion in Metro Manila and other urban areas in the country. Republic Act 11165, otherwise known as the Telecommuting Act, signed on December 20 last year,
Inflation for bottom 30% income households at 8.2% in November, higher than national
January 11, 2019
While the national inflation rate for November was at six percent, the year-on-year inflation for the bottom 30 percent income households slowed down to 8.2 percent in November from 9.5 percent in the previous month, the Philippine Statistics Authority (PSA) said
Troops shoot alleged bomb courier at checkpoint in Cotabato
January 11, 2019
Government troops shot an alleged bomb courier in a shootout in Cotabato City last Wednesday, a military spokesman said Friday Capt. Arvin Encinas, Army’s 6th Infantry Division spokesman, said the unidentified suspect was riding a motorcycle, when he was flagged
Japanese allegedly involved in fraud at airport for deportation
January 11, 2019
A 59-year old Japanese who is allegedly involved in a major fraud ring is at airport for his deportation Friday. Misao Kamisukasu, also known as Misao Koyama, arrived at Terminal 3 of Ninoy Aquino International Airport around 10 am. On
Immigration to deport Japanese wanted for fraud
January 10, 2019
The Bureau of Immigration (BI) on Thursday said it is set to deport a Japanese fugitive arrested last December. In a resolution released by Commissioner Jaime Morente, Misao Kaminsukasu, also known as Misao Koyama who is wanted for fraud, will
Duterte inks telecommuting law, two other measures
January 10, 2019
President Rodrigo Duterte has signed into law three bills, including the institutionalization of telecommuting as an alternative work arrangement for employees in the private sector. Copies of the three laws, which also include increasing the monthly old-age pension of senior
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