Day: September 18, 2024

Manila: Presidential Task Force on Media Security (PTFoMS) executive director Undersecretary Paul Gutierrez on Wednesday confirmed the expiration of his term, saying it takes effect ‘immediately.’ In a statement, Gutierrez expressed gratitude to President Ferdinand R. Marcos Jr. for giving him the opportunity to lead the PTFoMS for more than a year. ‘I thanked Pres. Ferdinand Marcos Jr., for the opportunity to serve under his administration even for the brief duration of 1 year and 14 weeks since my appointment on May 25, 2023,’ Gutierrez said. ‘His decision to continue with the PTFoMS is the clearest message to all that

Manila: The 3.6-km. Balogo-Kilo-Kilo Road Phase 3 Project of the Department of Public Works and Highways (DPWH) is contributing to the livelihood and economic activities of the upland communities of Sta. Cruz town in Marinduque province, months since its completion. In his report to DPWH Secretary Manuel Bonoan, DPWH 4-B (Mimaropa) Director Gerald Pacanan said that since the culmination of the road project in Barangay Balogo, residents have witnessed a significant change in their daily lives, improving mobility and access to transportation, and fostering more business opportunities in the area. ‘The access road has significantly reduced travel time, allowing residents

Manila: The 3.6-km. Balogo-Kilo-Kilo Road Phase 3 Project of the Department of Public Works and Highways (DPWH) is contributing to the livelihood and economic activities of the upland communities of Sta. Cruz town in Marinduque province, months since its completion. In his report to DPWH Secretary Manuel Bonoan, DPWH 4-B (Mimaropa) Director Gerald Pacanan said that since the culmination of the road project in Barangay Balogo, residents have witnessed a significant change in their daily lives, improving mobility and access to transportation, and fostering more business opportunities in the area. ‘The access road has significantly reduced travel time, allowing residents

Manila: Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said the central bank is eyeing a “substantial” reduction in banks’ reserve requirement ratio (RRR) this year. “I have promised a cut in the reserve requirement. We’re considering it. We’ve discussed the timing of it. I would say it’s going to happen this year,” Remolona said in a briefing at the BSP head office in Manila on Wednesday. “We will reduce reserve requirements substantially this year and then there may be further reductions by next year,” he added. Reserve requirements refer to the percentage of bank deposits and deposit substitute

Manila: Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said the central bank is eyeing a “substantial” reduction in banks’ reserve requirement ratio (RRR) this year. “I have promised a cut in the reserve requirement. We’re considering it. We’ve discussed the timing of it. I would say it’s going to happen this year,” Remolona said in a briefing at the BSP head office in Manila on Wednesday. “We will reduce reserve requirements substantially this year and then there may be further reductions by next year,” he added. Reserve requirements refer to the percentage of bank deposits and deposit substitute