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  • What the BSP’s rate hike means for you May 20, 2022
    Intellasia East Asia News The Bangko Sentral ng Pilipinas on Thursday took its first decisive action to tap the brakes on quickening inflation by raising its benchmark rate for the first time in over three years. At their meeting, the Monetary Board raised the policy rate by 25 basis points to 2.25%, hoping that the […]
  • US warship named after Filipino sailor Telesforo Trinidad May 20, 2022
    Intellasia East Asia News The United States named a warship in honor of Panay-born sailor Telesforo De La Cruz Trinidad, the first Filipino to be awarded the medal of honor for his bravery in the American navy. Secretary of the Navy Carlos Del Toro said in a statement Friday that their new Arleigh Burke-class destroyer […]
  • SC orders BBM, Comelec to answer petition vs COC May 20, 2022
    Intellasia East Asia News The Supreme Court (SC), convened as a whole yesterday, gave presumptive president Ferdinand “Bongbong” Marcos Jr. 15 days to submit his comment on a petition filed by a group of martial law victims seeking a temporary restraining order (TRO) on the canvassing of his votes and his proclamation as 17th president. […]
  • Japanese prime minister Fumio congratulates Marcos May 20, 2022
    Intellasia East Asia News Japanese prime minister Kishida Fumio has congratulated Ferdinand “Bongbong” Marcos Jr., presumptive president-elect, as he affirmed the continued cooperation between the two countries. The Ministry of Foreign Affairs of Japan on Friday said Fumio and Marcos talked over the phone for 15 minutes from 10:30 a.m. It said that the Japanese […]
  • Earnings of Philippine banks up 26pct to P66 billion in Q1 May 20, 2022
    Intellasia East Asia News The earnings of banks operating in the Philippines increased by 26.3 percent to P66.34 billion in the first quarter from P52.52 billion in the same quarter last year, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed. The operating income of Philippine banks grew by 6.7 percent to P226.68 billion […]
  • Metro Manila sees slight uptick in COVID-19 cases, but still at ‘minimal risk’ May 20, 2022
    Intellasia East Asia News Metro Manila saw a slight increase in COVID-19 cases in the previous week, with infections having risen by 17 percent to 71 cases, but the Department of Health said Friday the capital region is still at “minimal risk” for the disease. The DOH said that despite the uptick in cases in […]
  • Razon plans 3rd casino in Cavite May 20, 2022
    Intellasia East Asia News Ports and casino tycoon Enrique Razon plans to build a third casino in the Philippines after it opens its second gaming facility in Quezon City next year. In a disclosure yesterday, Razon-led Bloomberry, operator of Solaire Resort & Casino (Solaire) and Jeju Sun Hotel & Casino (Jeju Sun) in Korea, said […]
  • RTL repeal risks farmers’ productivity, inflation May 20, 2022
    Intellasia East Asia News Any move to suspend or repeal the Rice Tariffication Law (RTL) is risking the chance of farmers to improve their productivity and for inflation to remain manageable as consumers enjoy cheap rice prices, according to Socioeconomic Planning Secretary Karl Chua. He said the RTL, which opened the floodgates for cheap rice […]
  • Duterte names 2 CA justices May 20, 2022
    Intellasia East Asia News President Rodrigo Duterte has named two new Associate Justices of the Court of Appeals (CA), Malacanang confirmed on Thursday. Acting presidential spokesman Martin Andanar said Duterte has appointed John Lee Zurbito and Eleutrio Larisma Bathan as the two new justices of the CA. “The Palace congratulates John Zurbito Lee and Eleuterio […]
  • DOH expediting P1 billion COVID-19 benefits for HCWs May 20, 2022
    Intellasia East Asia News The Department of Health (DOH) assured the public yesterday that it is working to expedite the payment of P1 billion COVID-19 sickness and death compensation for eligible health care workers and support staff. In a statement, the DOH said it had already issued Joint Circular 2022-0002 with the Department of Budget […]