Higher prices of electricity and key food commodities are expected to push domestic inflation rate in September 2022 to between 6.6 to 7.4 percent, higher than the previous month’s level. In a statement on Friday, the Bangko Sentral ng Pilipinas (BSP) said depreciation of the Philippine peso against the US dollar is also projected to be among the factors for …
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October, 2022
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3 October
Diokno thanks South Korea for support on Build, Better, More
Finance Secretary Benjamin E. Diokno and South Korea Deputy Prime Minister Kyungho Choo formally exchanged the final draft of the Framework Arrangement that will enable the Philippines to access South Korea’s Economic Development Cooperation Fund (EDCF) for the Marcos administration’s infrastructure development program. “We express our deep gratitude to South Korea — one of our largest [Official Development Assistance (ODA)] …
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3 October
PSAC to help Marcos gov’t jumpstart Philippine tourism
With the easing of global pandemic restrictions, it is high time for the Philippine travel and tourism industry to get a jumpstart. That is why on Thursday, September 29, President Ferdinand “Bongbong” Marcos Jr. (PBBM) met with the Private Sector Advisory Council (PSAC) Tourism Sector to shore up plans to develop a globally competitive Philippine tourism industry and support the …
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3 October
SEC warns public against lodi coins
The Securities and Exchange Commission (SEC) has advised the public against investing in Lodi Coins, a supposed virtual currency offered on social media without the necessary licenses from regulators. In an advisory dated September 29, the Commission flagged the public offering of Lodi Coins by Lodi Technologies Incorporated without securing from the SEC the required order of registration of securities …
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September, 2022
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29 September
NCSC honors 3 seniors for devoting lives to charity and volunteerism
Most people think that when one reaches the senior age of 60 and above – he or she would just slow it down, take it easy and just enjoy retirement but for these three indefatigable personalities, life simply doesn’t stop with ageing as they continue to do charity works and volunteerism to help the less fortunate people. As part of …
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26 September
I-Remit expands partnership with Ripple to further leverage On-Demand Liquidity for treasury management
Ripple, the leader in enterprise blockchain and crypto solutions, today announced that I-Remit, the largest non-bank remittance service provider in the Philippines, will expand its use of Ripple’s On-Demand Liquidity (ODL) solution to improve its cross-border treasury flows. As a partner of Ripple since 2018, I-Remit is an early adopter of ODL and has been using the blockchain-enabled enterprise solution …
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26 September
Affected Metrobank branches by Typhoon Karding closed on September 26
To prioritize the safety of our customers and Metrobankers, affected Metropolitan Bank & Trust Co. (Metrobank) branches by typhoon Karding (international name: Noru) in Northern and Southern Luzon will be closed today, September 26. Meanwhile, Metrobank Online—its internet banking platform—the Metrobank Mobile app, Metrobank’s automated teller machines (ATM) and cash acceptance machines (CAM) are online and available for customers to …
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23 September
Elevating the integrated living experience: SMDC launches Air Mall in Makati City
From enabling more Filipinos to own their dream home, to providing them with future-proof developments that respond to the demands of the new normal — SM Development Corporation, “Developer of the Year” at the DOT Property Philippines Awards 2022, continues to add value to the everyday lives of its residents and investors. The trailblazing developer, known for pioneering integrated living …
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22 September
Here’s how you shop and pay using QR Ph!
There is no doubt that Filipinos love to shop, be it in malls, online stores, or even on e-commerce platforms. It is a way for us to reward ourselves when we achieve something or if we want to simply show our appreciation to our family, friends, or loved ones. Though shopping is fun and therapeutic, we can’t deny that counting …
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22 September
Watsons employees and supplier-partners hold clean-up drive in support of International Coastal Clean Up Day
As a company that cares for the planet, leading health, wellness, and beauty retailer Watsons is always looking for opportunities to make a positive impact on its customers and the communities. The environment is a big concern for everyone. In line with this, Watsons Philippines partnered with CORA (Communities Organized for Resource Allocation), a non-profit organization dedicated to creating sustainable …
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The Market Monitor Minding the Nation's Business