The Philippine peso is seen to get a lift from the expansion of the country’s balance of payment (BOP) position and gross international reserves (GIR). On Thursday, the Bangko Sentral ng Pilipinas (BSP) reported higher BOP, which is the summary of a country’s transactions with the rest of the world, and foreign reserves for August 2021. “Going forward, any improvement in BOP and GIR for the coming months could help provide greater cushion/support/buffer for the peso exchange rate vs. the US dollar especially vs. any speculative attacks,” Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort said in a report.
Davao City Mayor Sara Duterte, according to her spokesperson, will seek reelection next year. Some have refused to give up though and still hopes that the 43-year-old First Daughter would run for president and file her Certificate of Candidacy between October 1 and 8. If she does, there will be continuity in government programs, Cavite 1st District Rep. Francis Abaya said on Friday. In an interview, Abaya noted that Duterte’s qualities of being “independent-minded and principled” convinced him to support her should she change her mind. “I especially liked her stand not to run when her father said he will
Top officials of the Commission on Elections (Comelec) are set to convene to discuss calls to extend the voter registration until next month. In a virtual briefing Friday, Comelec spokesperson James Jimenez said the poll body en banc will meet next week regarding the matter. “I would just like to make an announcement in response to the public clamor for an extension of the voter registration period. Chairman Sheriff Abas is going to convene a management committee (ManCom) meeting participated by all top Comelec officials,” he said. “The ManCom (management committee) will discuss the possible impact of the voter registration
A women’s association in Mati City, Davao Oriental on Friday received “Buko Pie Making Start-Up Kits” after finishing their training program on buko pie-making and coaching of basic inventory on budgeting, accounting, and other entrepreneurial skills. In a statement, the Department of Labor and Employment (DOLE) 11 (Davao Region) said the beneficiary group is the Mati City Federated Women’s Association from Barangay Don Enrique Lopez (DEL). Randolf C. Pensoy, DOLE-11 OIC-regional director, said their office is dedicated to providing its beneficiaries with the necessary assistance in pursuing livelihood and enterprise undertakings to enable them to grow into a sustainable business.
The Baguio City Jail Male Dorm (BCJMD) has obtained a Safety Seal certification from the Department of the Interior and Local Government (DILG) that shows its compliance with the safety standards. Jail Superintendent Mary Ann Ollaging-Tresmanio, warden of the BCJMD, in a message on Thursday, said the seal affirms their compliance to the minimum health standards set by the Inter-Agency Task Force (IATF) “to keep our facility Covid-19 (coronavirus disease 2019)-free”. She said the safety seal is important being a physical manifestation of the proper observance of health protocols. “It gives us the assurance that we are on the right
At least PHP5.8 million cash assistance has been distributed to poor families in Eastern Samar badly displaced by the current health crisis, the Department of Social Welfare and Development (DSWD) reported on Friday. Each of the 1,960 families got PHP3,000 cash aid meant for individuals in crisis situation during the distribution on Sept. 17 to 20, 2021. These indigent families belong to the local transport, fishing, farming, and informal economy sectors in the towns of Can-avid, Oras, Salcedo, and General MacArthur in Eastern Samar province. “Assistance to Individuals in Crisis Situation is a program of DSWD that aims to help
