Malacañang Views Need for Greater Safeguard in CIF Use
Malacañang Statement on Confidential Intelligence Fund (CIF) Malacañang has remained in the enactment of the CIF, but the safeguard of the fund should be reinforced. The Malacañang position is still debating over the management, release, utilization, and tracking of confidential and intelligence funds allocated to the government agencies. CIF is intended to back the government operations on transparency and accountability and strengthen its controls over possible corruption. […]
BSP Slides Policy Rate Up to 5% as Peso Weakens
The Bangko Sentral ng Pilipinas (BSP) raised its policy rate to 5 percent in August 2026, its third consecutive hike this year, as inflation risks from volatile oil prices, El Niño, and wage adjustments persist. Despite easing headline inflation, the peso sank to a record low of ₱61.888 per U.S. dollar, indicating the delicate balance between price stability and economic […]