President Ferdinand Marcos Jr. received commemorative gold and silver coins from the Bangko Sentral ng Pilipinas, celebrating the 75th anniversary of central banking in the Philippines. The coin designs feature the Intendencia Building and anniversary markings. Availability for purchase will be announced on BSP's social media and sold via their website.
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August, 2024
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28 August
UP study says Metro Manila is sinking
A study by the UP Resilience Institute reveals that areas of the Philippines, particularly Metro Manila, are sinking due to excessive groundwater extraction and rising sea levels. Key affected zones include CAMANAVA and Bulacan. This subsidence results in severe flooding and structural damage. Industrialization, urbanization, and a growing population exacerbate the situation, posing significant threats to infrastructure and livelihoods.
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28 August
Jordan Shangkuan Ong blends artistic career with high technology
Jordan Shangkuan Ong, a modern Renaissance man, blends elements of art, science, and technology. He is a concert pianist and filmmaker recognized at Cannes and the Texas Renaissance Festival. As a Senior Salesforce Business Analyst, he excels in AI and automation. Ong, honored with the Asian Pillars Award, inspires young pianists and has performed globally, balancing his dual careers.
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28 August
‘Fiesta in America Expo 2024’ Shines with Four Spectacular Events
Fiesta in America Expo 2024 in East Rutherford, NJ, featured diverse cultural events, business networking, and community empowerment. Highlights included the People’s Ball, Jose Rizal film screening, a fashion show, and live performances. Over 12,800 attendees celebrated Filipino heritage, while free healthcare and support for small businesses further underscored the event's community focus.
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28 August
Insular Foundation helps typhoon victims in Rizal
The Insular Foundation, in partnership with PhilRADS, provided food packs to 160 families in San Mateo, Rizal affected by Super Typhoon Carina. The initiative was part of InLife’s corporate social responsibility efforts to assist families in Sitio Ibayo, Barangay Dulong Bayan 1, amid severe flooding in the region.
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28 August
BSP Governor Remolona Cited as One of World’s Best Central Bank Chiefs
Bangko Sentral ng Pilipinas Governor Eli M. Remolona, Jr. has been honored as one of the top-performing central bank governors globally, receiving an “A-” rating in Global Finance magazine’s 2024 Central Banker Report Cards. The ranking, which includes evaluations from nearly 100 regions, celebrates central bankers' effectiveness in combating inflation through higher interest rates. Governor Remolona completed his first year in office on 3 July 2024. The full report will be published in October.
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26 August
P6.6 Billion Regional Airport Projects Completed—DOTR
By Jinky Jorgio As the nation celebrates National Heroes’ Day, the Marcos administration continues to deliver on its promises. One of them will benefit both travel and tourism in the regions as the Department of Transportation (DOTr) reported the completion of P6.6 billion worth of airport projects in compliance with President Marcos’ directive to invest in aviation structure. In a …
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26 August
DOF sees no harm in using PhilHealth sleeping funds
The Department of Finance (DOF) said the use of the Philippine Health Insurance Corporation’s (PhilHealth) sleeping funds for the government’s priority programs and projects would do no harm on its members and plans to expand its benefit packages this year. “So, ang nakita po na unused funds in PhilHealth is around is PHP89.9 billion. Kaklaruhin po namin na ito po …
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26 August
Marcos admin boasts drop in land dispute cases
The Department of Agrarian Reform (DAR) has reported a significant decrease in land dispute cases after implementing reforms in line with President Ferdinand R. Marcos Jr.’s directive to expedite resolutions. During the Malacañang Insider program aired on Thursday, Agrarian Reform Secretary Conrado Estrella III said that there was already a substantial caseload when President Marcos Jr.’s administration took over. Some …
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26 August
PPPI, PhilHealth partner to secure free medicine access under Konsulta program
The Philippine Pharma Procurement Inc. (PPPI), under the leadership of its President and CEO, Undersecretary Maria Blanca Kim B. Lokin, held a strategic meeting with the top management of the Philippine Health Insurance Corporation (PhilHealth), led by President and CEO Emmanuel R. Ledesma Jr., on August 14, 2024, at the PhilHealth head office. The meeting focused on collaborative initiatives to …
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The Market Monitor Minding the Nation's Business