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BSP REITERATES RULES ON LEGITIMATE USE OF FX DERIVATIVES

The Bangko Sentral ng Pilipinas (BSP) has reminded banks to ensure that non-deliverable foreign exchange derivatives are used only for legitimate economic purposes and not for speculation. In Memorandum 2026-022, the BSP directed authorized agent banks to strictly

MARCOS DIRECTS DOE TO ADDRESS POWER SUPPLY ISSUES

President Ferdinand Marcos Jr. has directed the Department of Energy (DOE) to restore the country’s power supply to normal levels as soon as possible following recent disruptions. The order came after a meeting where energy officials discussed grid

DENR SAYS MARCOS NOT INVOLVED IN DAVAO LANDFILL SUSPENSION

The Department of Environment and Natural Resources (DENR) Region XI denied claims that President Ferdinand Marcos Jr. ordered the suspension of garbage collection operations in Davao City, calling the reports false and misleading. It said the regional office

6,000 JEEPNEYS EYED FOR E-VEHICLE TRANSITION, SAYS LTFRB

The Land Transportation Franchising and Regulatory Board (LTFRB) is eyeing the conversion of around 6,000 traditional jeepneys into electric vehicles by the end of the year as part of the government’s transport modernization program. LTFRB Chair Vigor Mendoza

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