Press Release

Monetary Board approved US$3.919 billion foreign borrowings of the National Government in the third quarter of 2020 The Monetary Board (MB) approved National Government (NG) foreign borrowings in the third quarter of 2020 aggregating US$3.919 billion, higher by US$1.265 billion (47.69 percent) from the third quarter 2019 level of US$2.654 billion. These consist of: (a) …

Monetary Board approved US$3.919 billion foreign borrowings Read More »

REP. RODOLFO “OMPONG” ORDANES SENIOR CITIZEN Party-list Mobile number 09177292437 Senior Citizen Party-list patuloy na isusulong na payagang makalabas ang seniors para sa essential trips gaya ng pagbili ng sariling pagkain at gamot; pagpayag na makadalo sa religious gathering ang mga seniors isusulong din. SENIOR CITIZEN PARTY-LIST WELCOMES LOOSENING OF QUARANTINE Ikinagagalak ng Senior Citizen …

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DIGITIZATION INITIATIVES DISCUSSED BY THE FINANCIAL INCLUSION STEERING COMMITTEE The Financial Inclusion Steering Committee (FISC)[1], chaired by Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno, held its 9th meeting on 06 October 2020 via video conferencing facilities. The FISC meeting, attended by high level representatives from 20 government agencies, is a testament to the …

Philippines Needs to Improve Internet Connectivity Read More »

Pres. Duterte Okays Lifting of Oil Exploration Moratorium in WPS Press Release: TAGUIG CITY- President Rodrigo Duterte has approved the recommendation of the Department of Energy (DOE) to lift the suspension of petroleum activities and the resumption of petroleum exploration in the West Philippine Sea (WPS). Secretary Cusi said, “I thank the President for approving …

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Press Release DOE Sec. Cusi Awarded NCIP 2020 IP Advocate and Champion for MIMAROPA TAGUIG CITY – In celebration of Indigenous People’s Month and the 23rd year of the Indigenous Peoples’ (IP) Rights Act of 1997, Energy Secretary and Cabinet Officer for Regional Development and Security (CORDS) of Region IV-B, MIMAROPA (Mindoro-Marinduque-Romblon-Palawan) Alfonso G. Cusi …

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DOE Secretary Cusi Congratulates Philippine EV Sector at 8th EV Summit TAGUIG CITY – Department of Energy (DOE) Secretary Alfonso G. Cusi congratulated yesterday (24 September) the Electric Vehicle Association of the Philippines (EVAP) for their efforts to bring EV technology into the country, during the opening of the 8th Philippine Electric Vehicle Summit (24-26 …

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Business Confidence Turns Pessimistic for Third Quarter 2020 Less Optimistic for Q4 2020 and the Next 12 Months Business confidence on the economy turned negative in Q3 2020, after posting 43 quarters of positive confidence (from Q3 2009 to Q1 2020), as the overall confidence index (CI) decreased to -5.3 percent from 22.3 percent in …

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DOE Promotes PH Liquefied Natural Gas Investors’ Guide TAGUIG CITY- The Department of Energy (DOE) on Friday (September 4) promoted the Philippine Liquefied Natural Gas (LNG) Investors’ Guide during a webinar of the United States Agency for International Development (USAID)-supported US-Asia Gas Partnership (AGP) and the United States Energy Association (USEA). The LNG Investors’ Guide …

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BANKS TIGHTEN LENDING TO HOUSEHOLDS WHEN AFFORDABLE CREDIT IS NEEDED TO SURVIVE THE PANDEMIC Bakit kung kailan mas kailangan ng pamilyang Pilipino ng tulong pinansyal ngayong pandemic, ngayon pa sobrang naghihigpit ang mga bangko sa pagpapautang? “Loans to households grew at a slower pace of 17.3 percent in July from 27.0 percent (revised) in June …

Lending During Covid Pandemic Read More »

Memorandum of Understanding between Otoritas Jasa Keuangan and Bangko Sentral ng Pilipinas Concerning Consultation, Cooperation and the Exchange of Information Otoritas Jasa Keuangan (Financial Services Authority of Indonesia [OJK]) and Bangko Sentral ng Pilipinas (BSP) signed the Memorandum of Understanding (MOU) Concerning Consultation, Cooperation and the Exchange of Information on 1 September 2020. The MOU …

Otoritas Jasa Keuangan and Bangko Sentral ng Pilipinas Read More »