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MANILA, Philippines — Personal remittances from overseas Filipino workers (OFWs) grew by 2.6%, amounting to $3.05 billion (P175,609,850,000.00) in March 2024 from $2.97 billion (P171,003,690,000.00) in the same month last year, the Bangko Sentral ng Pilipinas (BSP) said.
LOS ANGELES – Shohei Ohtani's former interpreter appeared in court in California on Tuesday (Wednesday Manila time) on charges of illegally transferring nearly $17 million from the baseball star's bank account to pay off gambling debts.
Vista Land [VLL 1.50, up 2.0%; 0% avgVol] [link] disclosed that its board has approved a P5 billion preferred shares offering, consisting of 50,000,000 Series 2 Preferred Shares priced at P100/share. VLL said that China Bank Capital and SB Capital will be joint lead underwriters on the deal. The company did not provide any information about the potential dividend or the timeline for the offer period and listing of the shares.
LONDON, United Kingdom — European and Asian stock markets were flat to slightly lower Tuesday on the eve of key US inflation data that could have a huge bearing on the extent of US interest rate cuts this year.
PH: While we had the OceanaGold PH [OGP 12.50, down 6.2%; 100% avgVol] IPO yesterday, the biggest waves will be made on Thursday when the Bangko Sentral ng Pilipinas (BSP) meets to evaluate our interest rate situation. The Union Bank [UBP 34.60, down 6.0%; 83% avgVol] stock rights offer period will also start on ThursdayInternational: The only datapoint that I’m following for this week is the US April inflation report, which we should get early Thursday morning.
The Department of Agrarian Reform Region 02 (DAR R02) together with Land Bank of the Philippines-Field Support Services 02 (LBP-FSSC 02) recently conducted a Joint Consultative Meeting cum Cascading of Cross-Learning on the Preparation of Field Investigation Report and Data Requirements in the Valuation of CARP Covered Landholdings on April 30 at Hotel Carmelita Tuguegarao City. The activity aims to present and thresh out provincial’s problems, issues and concerns (PINCs) relative to land valuation of LBP compensable landholdings and arrived at agreements for early resolution of PINCS. In his opening message, DAR Regional Director Primo C.
The Philippines central bank, Bangko Sentral ng Pilipinas (BSP), has given the green light for controlled trials of a national stablecoin that will be pegged 1:1 to the local peso.
HONG KONG, China — Equities fluctuated Monday as traders took a breather after the past weeks' healthy run as they absorbed weak Chinese data and reports that the United States planned to ramp up tariffs on clean energy products from the Asian country.