Moody’s Analytics forecasts steady policy rates for the Bangko Sentral ng Pilipinas (BSP) during the rate setting meeting of the Monetary Board (MB) on Thursday. In its Asia Pacific economic preview released on Monday, the financial and economic research and non-credit activity-focused subsidiary of Moody’s Corporation said its no rate change expectations for the BSP is similar to its forecasts for the Bank of Japan (BOC) and the Bank Indonesia rate decisions this week. “Each central bank is expected to keep settings on hold for the remainder of 2022, with policy settings firmly in accommodative territory in all cases,” it
The Department of Agrarian Reform (DAR) is now utilizing the KoBo toolbox, an online platform in data gathering and recording for the environmental and social management framework of the Support to Parcelization of Lands for Individual Titling (SPLIT) project in Ilocos Region. In an interview on Monday, DAR provincial information officer Zarena Ann Amado said the KoBo toolbox conserves the use of paper and prevents physical contact among the field validation team and the agrarian reform beneficiaries (ARBs). “The members of the field validation team go to the ARBs and they just need to bring their cell(ular) phone, laptop, or
The Philippine Stock Exchange index (PSEi) started the week in the negative territory due to lack of data releases both here and in the United States, while the peso depreciated to the 50-level against the greenback. The local stock barometer shed 0.79 percent, or 54.95 points, to 6,857.90 points. All Shares followed with a contraction of 0.69 percent, or 29.51 points, to 4,266.33 points. Most of the sectoral indexes also fell during the day with the Mining and Oil declining by 2.64 percent; Property, 1.41 percent; Financials, 1.40 percent; Industrial, 1 percent; and Holding Firms, 0.82 percent. Only the Services
The Malolos-Clark segment or phase two of the North-South Commuter Railway (NSCR), of the Philippine National Railways (PNR) is now 32 percent complete and is on track to be completed in 2024. In a Laging Handa briefing on Monday, DOTr Undersecretary for Railways Timothy John Batan said the NSCR Phase 2 began construction this year. “Sa kasalukuyan ay meron tayong 32 percent na overall progress rate para sa PNR Clark Phase 2 at inaasahan natin na yan ay matapos–kabuuan mula Manila hanggang Clark–by the year 2024 (To date we have a 32 percent overall progress rate for the PNR Clark
A female finance officer of the New People’s Army (NPA) was arrested in Barangay Patubig, Marilao town, this province, on Sunday afternoon. In a report on Monday, Lt. Col. Julius Alvaro, chief of police of the City of San Jose Del Monte, identified the suspect as Ma. Lorena Sigua, 44, presently residing in Residence de Muzon Subdivision, Barangay Muzon of the said city. Alvaro said she was arrested by combined elements from the City of San Jose Del Monte Police, Regional Intelligence Unit 3, Bulacan Police Provincial Office personnel, 24th Special Action Company and other government forces by virtue of
The Department of Social Welfare and Development’s (DSWD) community-driven development (CDD) approach has helped improve the lives of more than nine million Filipino households since its implementation in 2013. There are currently 31,051 sub-projects or community projects that were completed under the Kapit-Bisig Laban sa Kahirapan-Comprehensive and Integrated Delivery of Social Services (Kalahi-CIDSS), which the late Corazon “Dinky” Soliman fully implemented as DSWD Secretary. “Para sa nasabing bilang ng proyekto, ang DSWD ay nakagamit ng higit PHP45.6 bilyong piso na pondo para sa benepisyo ng 9,189,237 na pamilya sa iba’t-ibang parte ng bansa (For this project, the DSWD utilized more
