December, 2022

• 16 December

  Monetary Board Raises Policy Rate by 50 Basis Points

  

  At its meeting on monetary policy today, the Monetary Board decided to raise the interest rate on the BSP’s overnight reverse repurchase facility by 50 basis points to 5.5 percent, effective 16 December 2022. Accordingly, the interest rates on the overnight deposit and lending facilities will be set to 5.0 percent and 6.0 percent, respectively. The BSP’s latest baseline forecasts …

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• 16 December

  Manila Water’s distribution network now stretches to 5,362 kilometers

  

  Since 1997 when it took over the operations of the water system of the East Zone, Manila Water has been steadily expanding rehabilitating, replacing, and expanding its waterlines to reach more customers within its concession area. As of September 2022, the water concessionaire has laid and now maintains a total of 5,362.73 kilometers of water pipelines supplying clean and potable …

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• 16 December

  Contecon Manzanillo starts Phase 3 port expansion

  

  Contecon Manzanillo (CMSA), International Container Terminal Services, Inc.’s (ICTSI) subsidiary in Mexico, recently commenced its third phase expansion project, which will increase its capacity from 1.4 million to more than two million TEUs within the next five years. CMSA Chief Executive Officer José Antonio Contreras led the project inauguration together with Colima Governor Indira Vizcaíno Silva, Commander Rubén Alfonso Suárez of the 10th Naval Region, Admiral José Rafael …

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• 15 December

  Gilas placed in Pot 1 of FIBA World Cup draw

  

  Gilas Pilipinas will be placed in Pot 1 of the FIBA World Cup group draw, the FIBA announced on Monday. According to FIBA, this is one of the perks Gilas gets for being the main host of the event’s first-ever multiple-nation hosting, that is, the Philippines will host the final stage of the World Cup. The Philippines, which is co-hosting …

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• 15 December

  Nueva Ecija claims MPBL crown

  

  Nueva Ecija took home the Maharlika Pilipinas Basketball League (MPBL) championship after beating Zamboanga, 69-56, in Game 4 of the national finals on Monday night at the Vitaliano Agan Coliseum in Zamboanga City. Nueva Ecija pulled away in the second quarter, outscoring Zamboanga, 25-9, to open a 40-24 halftime lead before holding the home team off in the second half. …

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• 15 December

  Pinoy bets win 3 medals in world junior wushu tilt

  

  The Philippines captured one gold and two bronze medals at the 8th World Junior Wushu Championships at the Indonesia Convention Exhibition (ICE BSD) in Tangerang, Indonesia held from Dec. 2 to 11. Sandrex Gainsan displayed his awesome form to rule the Qiangshu (spear play) event, beating Singaporean Shaoyang Ian Sim and Malaysian Waipeng Hew. Gainsan also won the gold medal …

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• 14 December

  BDO Foundation and EWSF forge partnership to address hunger

  

  As part of a shared advocacy to address hunger, promote food security and support underserved sectors of society, BDO Foundation has inked an agreement with East-West Seed Foundation (EWSF), a non-governmental organization that promotes proper nutrition through improved vegetable consumption. The memorandum of agreement was signed by (from left) EWSF program manager Mary Joyce Gaviola, EWSF managing director Ma. Elena …

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• 14 December

  NCSC-NCR Senior Citizens’ Stakeholders Summit 2022

  

  The much-awaited NCSC-NCR Senior Citizens’ Stakeholders Summit got underway here today at the National Museum of Fine Arts Auditorium in Padre Burgos, Manila. National Commission of Senior Citizens (NCSC) Chairman Franklin Quijano broke the ice with a short discussion on the agenda development including the theme and questions of the day-long activity. Quijano later shared the brief history of NCSC …

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• 14 December

  Brankas develops world’s first Banking-as-a-Service open-source license

  

  Open Finance technology leader Brankas has developed “Brankas Open”, a first-of-its-kind open-source license for the next generation of Banking-as-a-Service and Open Finance software. The “Brankas Open” license is meant to encourage digital banking and fintech innovation and lower the cost barriers for startups, neobanks, and even traditional institutions to quickly prototype and launch new solutions, while retaining their own source …

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• 14 December

  A TALE OF TWO SCHOLARS

  

  In one of his classes, Engr. Francis B. Gubangco, a professor in the University of the East asked about the enrollment of Gabriel S. Ignacio as Ignacio’s name was not in the official class list  and answered that the SM Foundation was still processing his enrollment since I was a transferee.  He was both pleasantly surprised and elated he would …

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