Ditas Lopez

1 week ago | bloomberg.com | Ditas Lopez |Neil Jerome Morales

A shopper hands Philippines' Peso banknotes for payment at a market in Mandaluyong, the Philippines. (Bloomberg) -- Philippine central bank Governor Eli Remolona said authorities are prepared to intervene more strongly in the foreign-exchange market should the decline in the peso threaten inflation. “The effect of the exchange rate on inflation depends on how big the depreciation is, and we have estimates of that threshold,” Remolona said in an interview with CNBC on Friday.

1 week ago | bloomberg.com | Neil Jerome Morales |Ditas Lopez

The Bangko Sentral ng Pilipinas headquarters complex in Manila. (Bloomberg) -- The Philippine central bank cut its key interest rate for a second time this year and signaled there’s scope for further easing with inflation likely to remain modest and economic growth at risk from global uncertainties.

2 weeks ago | bloomberg.com | Cliff Venzon |Ditas Lopez

Sara Duterte(Bloomberg) -- The planned trial of Philippine Vice President Sara Duterte is in doubt after the articles of impeachment were unexpectedly sent by senators back to the House of Representatives, whose prosecutors said they can’t — for now — comply with the request. Voting 18-5 late Tuesday, senators approved the move, which will likely delay the impeachment trial against the 47-year-old vice president.

3 weeks ago | bloomberg.com | Ditas Lopez

The portraits of former Philippines' Acting President José Abad Santos, from left, and former Philippines' Presidents Corazon Aquino, Manuel A. Roxas, Sergio Osmena and Manuel L. Quezon are displayed on 1000, 500, 100, 50 and 20 peso banknotes respectively in an arranged photograph in Bangkok, Thailand, on Wednesday, Sept. 12, 2018.

1 month ago | bloomberg.com | Ditas Lopez |Neil Jerome Morales

Police Major General Nicolas Torre on March 20. (Bloomberg) -- Philippine President Ferdinand Marcos Jr. promoted a police officer who led the historic arrest of his predecessor, Rodrigo Duterte, as part of a broader government reorganization following a setback in recent elections. Police Major General Nicolas Torre will head the national police force, replacing retiring chief Rommel Marbil, Executive Secretary Lucas Bersamin said in a briefing on Thursday.