“Today we learned that after a long impasse, the US Senate and Congress were able to reach an agreement to both fund their federal government operations until January 15th and extend borrowing authority, effectively raising the debt ceiling until February 7th.
Read MoreThe Philippine Deposit Insurance Corporation (PDIC) announced that it will continue to receive and process deposit insurance claims from depositors of the closed Rural Bank of La Trinidad (Benguet), Inc. at the PDIC Claims Counter, 4 th Floor, SSS Bldg., 6782 Ayala Avenue corner V.A. Rufino Street, Makati City. Claims may also be filed through mail.
Read MoreThe reinvigorated anti-smuggling program of the Bureau of Customs has yet caused another filing of smuggling charges against two (2) traders and two (2) customs brokers today (October 17, 2013) for attempting to smuggle PhP 60 Million worth of “ukay-ukay” (used clothing), even as it sent the strong message that it will aggressively pursue smugglers, especially those illegally importing used clothing as it adversely affects the local garments industry.
Read MoreGeneral Government Debt down to 38.9% of GDP
Statement by the Hon. Cesar V. Purisima,
Governor of the Bank for the Philippines