PANGILINAN DENOUNCES CHINA SANCTIONS ON TEODORO, CALLS FOR DFA PROTEST

Senator Francis Pangilinan condemned China’s sanctions against Defense Secretary Gilberto Teodoro Jr., calling them an attack on the Philippines’ sovereignty and government. He said sanctioning a Cabinet official for carrying out national policy undermines the country’s constitutional order and legal rights. Pangilinan

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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

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