Romero pushes for national fuel reserves strategy



By Rose de la Cruz


Even as fuel prices in the world have plunged to below $50 a barrel (from its peak several months ago of over $60 per barrel), Rep. Michael Romero of 1-PACMAN partylist, is pushing for the establishment of a national fuel reserves strategy to cushion the impact of escalating oil prices in the future.


Romero authored House Resolution 1936 back on May 30, 2018 wherein he recommended the fuel reserves solution as an anti-inflation measure.


"World oil prices would most likely stabilize at range that oil exporting countries can live with…

Read more: Romero pushes for national fuel reserves strategy

New BSP charter ratified in the House



By Rose de la Cruz


The House of Representatives has ratified the new charter of the Bangko Sentral ng Pilipinas which hikes the capitalization from P50 billion to P200 billion and gives it more forceful and disciplinary powers over banks and other financial institutions that it regulates in the country.


Rep. Henry Ong, 2nd District of Leyte, who chairs the committee on banks and financial intermediaries, said this after the House ratified the approved bicameral conference committee version of the bill amending the BSP charter.


"In layman's terms, the amendments make it easier for the BSP to find…

Read more: New BSP charter ratified in the House

1st BSP-sponsored Financial literacy expo on Nov. 27-28 at SMX




The first Bangko Sentral ng Pilipinas (BSP)-sponsored Financial Education Stakeholders Expo will be held on Nov. 27-28 at the SMX Convention Center in Pasay City.


The Expo supports Republic Act No. 10922 which designates the second week of November as Economic and Financial Literacy Week. It is also aligned with the objectives of the National Strategy for Financial Inclusion, particularly the pillar on Financial Education and Consumer Protection.

The 2018 Expo will convene and connect stakeholders from the public and private sectors, provide venue for sharing their financial education initiatives, and encourage productive partnerships. Expo speakers…

Read more: 1st BSP-sponsored Financial literacy expo on Nov. 27-28 at SMX

Institutionalize monitoring & evaluation in govt.—Pernia


In a gathering of monitoring and evaluation (M&E) practitioners in the country, the National Economic and Development Authority sought to refine the proposed guidelines on the official framework for evaluating government programs and projects.

Guidelines for the National Evaluation Policy Framework (NEPF) will spell out, among others, procedures, tools, and templates that managers in government may use in designing, commissioning, and assuring the quality of evaluations.


The NEPF was drafted and approved in 2015 through DBM Joint Memorandum Circular No. 2015-01.


M&E are indispensable elements of effective, data-driven policy-making. The process should not be considered as an afterthought…

Read more: Institutionalize monitoring & evaluation in govt.—Pernia

 Bill on Islamic banks approved on 2nd reading


By Rose de la Cruz


Congress has approved on second reading House Bill 8281 providing for the regulation and organization of Islamic banks in the country, moving the Philippines a step closer to opening Mindanao and the rest of the country to the wide range of banking and financial services.


The consent for the bill was made last November 13.


"Eventual enactment of this law would be one of the historic moments in Philippine Banking history. The country's first Islamic bank was created in 1972. With this imminent new law, there will be more Islamic banks not just for…

Read more: Bill on Islamic banks approved on 2nd reading

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