News

New Law Allows The Use Of Personal Property For Loan Collateral
Cloey Mangali

New Law Allows The Use Of Personal Property For Loan Collateral

A new law signed last month will grant more Filipinos to access loans by allowing them to use personal property as collateral.Republic Act No. 11057, known as the Personal Property Security Act (PPSA), was signed by the President last August 17.Currently, bank...

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PHP USD
Kristel Serran

Philippine Peso At Its Lowest Vs US Dollar In 13 Years

On September 13, the Philippine Peso hit the P54 mark over the US dollar.This the lowest exchange rate the peso has reached in over 13 years. The lowest the peso has ever been was P54.155 to US $1, back on December 2, 2005.The Bangko Sentral ng Pilipinas (BSP)...

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Cloey Mangali

Airline Fares To Rise As Philippine Air Carriers Get Approval For Fuel Surcharges

Expect higher airline fares after this month as the aviation regulatory body of the Department of Transportation (DOTr), the Civil Aeronautics Board (CAB) has approved a petition by local airlines to impose fuel surcharges on flights.The fuel surcharges were a...

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Philippines Ranks 10th On Asia Pacific Sustainable Trade Ranking
Cloey Mangali

PH Ranks 10th In Asia Pacific Sustainable Trade Rankings

The Philippines has bettered its sustainable trade ranking, going up three notches to No. 10 in the region.This year’s Hinrich Foundation Sustainable Trade Index’s latest cycle placed the Philippines at number 10, among the 19 Asia Pacific member economies...

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Meralco Announces Reduction In Power Rates For September
Kristel Serran

Meralco Announces Reduction In Power Rates For September

Here’s some good news. While inflation rates may be rising, the price of electricity at least has been reduced for the month of September.Meralco spokesperson Joe Zaldarriaga announced a drop in power rates from P10.2190 per kWh to P10.0732 per kWh last Thur...

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100 Days Of Paid Maternity Leave
Kristel Serran

100 Days Of Paid Maternity Leave? Bill Passes House, Must Hurdle Senate

House Bill No. 4113 or the "100-Day Maternity Leave Law" has been unanimously approved on its third and final reading.The bill passed the House of Representatives with a vote of 191-0 last Tuesday, September 4.Currently, women get around 60 days of paid Matern...

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Dino Mari Testa

Philippines’ 50 Richest List: Henry Sy Sr., Manny Villar Lead Wealthiest Filipinos Of 2018

Business magazine Forbes has released their Philippines’ 50 Richest list. SM Prime Holdings founder Henry Sy Sr. still holds the top spot, with $15.3 billion net worth.But for this year’s update, businessman and former senator Manuel Villar has climbed to ...

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Cloey Mangali

Inflation Leaves 6.2 Million Filipino Families Struggling

The Philippines has struggled with inflation for the past six months, and the poorest Filipinos seem to have been bearing the brunt of the rising prices of main commodities.According to research from the group IBON Foundation, an estimated 60 million poor Fili...

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Cloey Mangali

No More Towing, But Fines Await Owners Of Illegally Parked Cars

The Metropolitan Manila Development Authority (MMDA) started the implementation of their “no-towing policy” last Friday, August 31, 2018.Under this policy, the agency will no longer tow illegally parked vehicles but will instead impose a P500 fine on the s...

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Cloey Mangali

DFA Shuts Down Facebook Accounts Fixing Philippine Passport Appointments

Facebook has already taken down more than a thousand accounts and pages that offer and sells slots for Philippine passport application appointments.As seen from data released by the office of Public Diplomacy of the Department of Foreign Affairs (DFA), a total...

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