Government financial institutions have been ordered to beef up their security systems after United Coconut Planters Bank (UCPB) lost at least P167 million from a cyber-heist. “UCPB is reviewing and strengthening its IT and security controls,” Finance Secretary Carlos G. Dominguez III told reporters in a Viber message on Friday. “I have instructed our government […]
The balance of payments (BoP) posted an $8-million surplus in July, the smallest in more than seven years, amid a surge of inflows from foreign borrowings of the National Government to fund its coronavirus pandemic response, according to the Philippine central bank. The July figure was lower than the $248-million surplus in July last year […]
The Department of Health (DoH) reported 3,714 coronavirus infections on Friday, bringing the total to 232,072. The death toll rose by 49 to 3,737 while recoveries increased by 1,088 to 160,549, it said in a bulletin. There were 67,786 active cases, 90.7% of which were mild, 6.9% did not show symptoms, 0.9% were severe and […]
Dengue cases in the country dropped by 76% to 59,675 as of mid-August from a year earlier, according to the Department of Health (DoH). Deaths due to dengue also fell by 78% to 231 during the past seven months, Norielyn Evangelista, program manager of the National Aedes-borne Viral Diseases Prevention and Control Program, told an […]
Convicted killer US marine Joseph Scott Pemberton opposed the appeal of the family of his victim to stop his early release for good conduct. In six-page opposition, he said the family of his victim had failed to prove that he was not entitled to an early release. “The Bureau of Corrections certification of good conduct […]
The Home Development Mutual Fund (Pag-IBIG) said it expects loan approvals of as much as P6 billion in September after a shortfall during the two-week return to a stricter form of quarantine in August. “We are confident na babalik na s’ya level na tipong P5-6 billion, if not P7 billion (We are confident that it […]
Money supply growth decelerated in July as the slowdown in economic activity continued following the easing of coronavirus disease 2019 (COVID-19) lockdown. Domestic liquidity or M3, the broadest measure of money supply, rose 14.5% year-on- year, slowing from 14.9% in June, according to the Bangko Sentral ng Pilipinas (BSP) Friday. M3 rose 0.5% month-on-month. The […]
The peso weakened further Friday after Moody’s Investors Service projected a deeper contraction for the economy than initially expected. The currency closed at P48.62 to the dollar Friday, against its P48.58 close a day earlier, according to data from the Bankers Association of the Philippines. The peso opened Friday at P48.63, trading between the high […]
A consumer group in Iloilo City sought the help of the Energy Regulatory Commission (ERC) to look into alleged system loss overcharges by the city’s power distributor. Koalisyon Bantay Kuryente (KBK) on Friday filed with the regulator a complaint against Razon- led MORE Electric and Power Corp. (MORE Power) for the supposed 60% increase in […]