ERC must be strong and independent

 

By Rose de la Cruz

 

 

After the House committee on energy concluded its deliberation on a bill seeking to abolish the Energy Regulatory Commission, another bill which seeks to strengthen it is being pushed by Rep. Carlos Roman Uybarreta of 1-CARE partylist.

 

He said he believes that ERC should be a strong and independent regulatory body to oversee the erngy sector, as mandated by the EPIRA law.

 

As vice chair of the committee on energy, he said,  the ERC must be manned by experts.

 

Its abolition may not necessarily be the better route as…

Read more: ERC must be strong and independent

Court convicts woman for stealing P12- million from her company through fund transfers

 

 

By Rose de la Cruz

 

Through the diligence of the Anti- Money Laundering Council and the full cooperation of a chemical trader-distributor company, a woman was convicted by the Regional Trial Court of Quezon City for 55 counts of money laundering last month.

 

Found guilty beyond reasonable doubt was Annabella C. Ylagan, who defrauded her company (where she served as company secretary) a total of P12 million over four years and was asked to pay P9.86 million in actual damages plus a prison term of seven years per count, or way more than her entire lifetime.…

Read more: Court convicts woman for stealing P12- million from her company through fund transfers

Financial education for public schools

 

 

By Rose de la Cruz

 

The Bangko Sentral ng Pilipinas is partnering with the Banco de Oro Foundation and the Department of Education to promote financial (literacy) education programs in schools with a MOA signing slated for May 28 (Monday).

 

BSP Governor Nestor Espenilla Jr., Education Secretary Leonora Magtolis-Briones and BDO Foundation president Mario Deriquito are signing the MOA to advance financial literacy concepts like savings, money management in public schools.

 

These videos, designed for learners and educators, are accompanied by teaching guides to further equip and support the DepEd in mainstreaming financial education…

Read more: Financial education for public schools

Keep peso at the range of P49 to P50 per dollar

 

 

By Rose de la Cruz

 

Rep. Frederick Siao, lone district of Iligan, is asking the economic managers, the Bangko Sentral ng Pilipinas and the Bankers Association of the Philippines to map out strategies to keep the peso from further falling against the dollar and if possible to keep it at the range of P49 to P50 per $1, from its current rate above P52.

 

He said that the only effective cushion of our country against high world oil prices is a strong peso.

 

As Member of the House Committee on Economic Affairs, he appealed to…

Read more: Keep peso at the range of P49 to P50 per dollar

Regions grew faster than NCR in 2017

 

 

By Rose de la Cruz

 

All 17 regions of the country posted positive growths in 2017, with the highest double -digit growths posted by the Cordillera Autonomous Region (12.1 percent), Davao (10.9 percent) and Central Luzon (9.3 percent). But in terms of GDP contribution, NCR continued to have the largest share of the country’s Gross Domestic Product at 36.4 percent.

 

The National Economic and Development Authority said the massive infrastructure program—Build Build Build—will further subnational regional growth which means the country is on the right track with its development agenda.

 

The…

Read more: Regions grew faster than NCR in 2017

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