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There were plans to split the funds evenly among all veterans, but legislators say that it is in the higher interest that the funds be invested in a bank that would service their needs. If the fund were split at the time, each veteran would get only one hundred pesos at the then-prevailing exchange rate of two pesos per U.S. dollar.
PFP logo from 2018 to 2021. The Partido Federal ng Pilipinas was formed in early 2018 by supporters of President Rodrigo Duterte, including the Mayor Rodrigo Roa Duterte-National Executive Coordinating Committee (MRRD-NECC), a group that supported his 2016 presidential campaign, as well as former members of PDP–Laban, Duterte's party. [6]
President Bongbong Marcos claimed that the record inflation rate was "not that high". [226] On January 5, 2023, the Philippines rapidly increased to a record-breaking 8.1% inflation from December 2022. [227] [228] In October 2022, the Japanese yen touched a 32-year low against the U.S. dollar, mainly because of the strength of the latter.
Name Language Type Area reporting covers ABS-CBN News: English/Filipino: Daily: National Bulatlat [5]: English: Daily: National Cebu Daily News (CDN Digital) English
While inflation has moderated considerably since then, November's Consumer Price Index rose 2.7%, outpacing the Fed's goal of driving down inflation to a 2% annual rate.
After increasing the target interest rate 11 times from March 2022 to July 2023 in an effort to combat the highest inflation in four decades coming out of the pandemic, the Federal Reserve ...
The Home Development Mutual Fund (HDMF), commonly known as the Pag-IBIG Fund (acronym of its Filipino name: Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno [a]), is a government-owned and controlled corporation under the Department of Human Settlements and Urban Development of the Philippines responsible for the administration of the national savings program and affordable ...
Dateline Philippines is the flagship midday newscast of the ABS-CBN News Channel (ANC) covering the day's most important headlines in politics, business, sports, and entertainment. It concentrates on news from the more than 7,000 islands of the Philippines as reported by ABS-CBN News , the largest news organization in the country.