The Bangko Sentral ng Pilipinas (BSP) lowered the offer volume for the two-week term deposit facility (TDF) on Wednesday, citing “reduced system liquidity” but both tenors were oversubscribed and yields were mixed. Offer volume for the seven-day TDF was kept at PHP100 billion while the two-week facility was offered for PHP140 billion from the previous week’s PHP170 billion. Both tenors were fully awarded. The average rate of the seven-day facility was almost unchanged at 1.9599 percent from 1.9597 percent during the auction last May 4, while the rate of the two-week facility dipped to 2.0287 percent from 2.0352 percent last
The Land Transportation Franchising and Regulatory Board (LTFRB) has apprehended 13 premium taxis since March due to their “colorum” operation of charging passengers with a fare per person instead of the approved meter-based rate. In a statement on Wednesday, the LTFRB said these premium taxis were apprehended following complaints made by passengers. This month alone, it said eight premium taxis were seized due to the said violation, including four who were apprehended on Tuesday. “Lima naman ang nahuli sa magkakahiwalay na operasyon noong Marso at Abril (Five were apprehended again in separate operations in March and April),” the LTFRB said.
Full-service licensing centers will be reopened in the provinces of Bohol and Negros Oriental to accommodate new applicants and renewals of driver’s licenses, the Land Transportation Office in Central Visayas (LTO-7) on Wednesday said. LTO-7 regional director Victor Emmanuel Caindec said Assistant Secretary Edgar Galvante, the agency’s head, has approved the request to reopen the centers for these provinces as part of their effort to decongest the main LTO offices in both provinces. In a letter sent to Galvante through LTO executive director lawyer Romeo Vera Cruz, Caindec requested in March this year for the reactivation of licensing renewal functions
The Bureau of Customs (BOC) in the Davao Region (BOC-Davao) deployed Wednesday two new fast patrol boats to go after smugglers at sea. “The mere fact that we have these (fast boats) sailing in our seas, it will serve as a strong deterrent for anybody who is thinking of breaking customs laws, rules, and regulations,” lawyer Erastus Sandino Austria, BOC-Davao district collector, said in a press briefing here. Sandino said the maritime assets will be managed along with partner agencies such as the Philippine Coast Guard, Maritime Police, Philippine Ports Authority, Philippine Drug Enforcement Agency, and Philippine Navy. “This is
Malacañang on Wednesday welcomed what is expected to be the Philippines’ highest voter turnout despite restrictions posed by the coronavirus disease 2019 (Covid-19). Acting presidential spokesperson and Communications Secretary Martin Andanar made this remark after the Commission on Elections (Comelec) revealed that partial voter turnout is at 80.38 percent as of Monday night. The highest recorded voter turnout was during the 2016 elections when 81 percent of registered voters exercised their right to vote. For local absentee voting, turnout was at 88 percent to date, the “highest” since 2010. On the other hand, Comelec recorded at least 34 percent of
Tesla CEO Elon Musk said on Tuesday he would reverse former President Donald Trump’s ban from Twitter, calling the decision “morally bad,” as well as “foolish in the extreme.” Musk, whose USD44 billion bid to acquire the social media company was accepted by Twitter in late April, said he has spoken to company founder Jack Dorsey and they agree “permanent bans should be extremely rare and really reserved for accounts that are bots or spam scam accounts, where there’s just no legitimacy to be accountable.” “I do think it was not correct to ban Donald Trump. I think that was
