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+ Follow DUMAGUETE NATIONAL WRITERS Tag
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[Summary] => Cebuano Ronald Villavelez did not fully realize his artistic calling until later in life. He entered college to study Civil Engineering at the University of San Carlos.
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DUMAGUETE NATIONAL WRITERS
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By Joanne Zapanta-Andrada | April 11, 2010 - 12:00am
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The Bangko Sentral ng Pilipinas (BSP) wants to suspend for a year the registration of new payment system operators as part of tighter safeguards to make merchant payments traceable and curb fraud and illicit transactions.
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Business sentiment in the Philippines turned sour in July amid renewed concerns over hostilities in the Middle East and persistent inflationary pressures, according to the Bangko Sentral ng Pilipinas (BSP).
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A weaker peso and expensive oil favor energy and dollar earners while increasing pressure on property, consumption and valuations.
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The Bangko Sentral ng Pilipinas may need one more interest rate increase before year end as El Niño threatens food prices and the peso remains under pressure, analysts said, even as the central bank signaled it hopes to pause after three consecutive hikes.
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The country’s foreign debt payments increased by 4.8 percent to $6.21 billion from January to May as higher principal repayments outweighed a decline in interest payments, preliminary data from the Bangko Sentral ng Pilipinas showed.
5 days ago
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