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MOSCOW, June 27, 2023 (AFP) – Russian President Vladimir Putin said Tuesday that Moscow had paid out last year just over $1 billion to the Wagner mercenary group, which last week staged a failed mutiny. “The state paid to the Wagner group 86.262 billion rubles (around $1 billion) for salaries for fighters and incentive rewards between May 2022 and May 2023 alone,” Putin said. He was speaking to defence officials in televised remarks at the […]
Nusa Dua, Indonesia | AFP | Chinese President Xi Jinping on Tuesday asked the G20 wealthy nations to contain the fallout from interest rate hikes, as the US Federal Reserve moves aggressively to fight inflation. “We must contain global inflation and resolve systematic risks in the economy and finance,” Xi told a summit of the 20 major economies taking place in Bali. “Developed economies should reduce the negative spillover effects of their monetary policy adjustments […]
New P1,000 polymer banknotes to be released in phases starting April 18 (Eagle News) – The Philippines has a new P1,000 polymer banknote which has more security features and more durable than the usual paper banknotes. The new P1,000 polymer banknote was presented to President Rodrigo Duterte on Wednesday, April 6, by Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno and Monetary Board members in a ceremony held in Malacanang. He received the 1000-Peso […]
(Eagle News)–President Rodrigo Duterte has ordered a probe into what Senator Richard Gordon said were huge amounts of cash being brought in by Chinese nationals. Presidential Spokesperson Salvador Panelo said the probe, which takes place amid speculations the money was under an money laundering scheme , would likely be headed by the Department of Finance. Panelo also made the announcement as he revealed Bangko Sentral ng Pilipinas Governor and Anti-Money Laundering Council chair Benjamin Diokno […]
(Eagle News)–The Department of the Interior and Local Government on Tuesday, Aug. 13, warned policemen they could be held liable if they receive gifts of monetary value while on duty. Interior Secretary Eduardo Año said they may be held both criminally and administratively liable under the law. He said this was also a violation of the police’s oath. “Although an exception is provided for in the law, may we remind our fellow workers in government, […]
Entire Cavite Maritime section sacked (Eagle News)–A high-ranking maritime police official in Cavite was arrested for allegedly extorting money from an association of fishermen in exchange for fishing rights in the area. The Philippine National Police’s Counter – Intelligence Task Force, which runs after police scalawags, said Supt. Armandy Dimabuyo, commander of the 402nd Cavite Maritime Police Station, was arrested after he received the P18,000 from the fishermen as this month’s grease money in his office. The […]
(Eagle News) — Maglulunsad ang Bangko Sentral ng Pilipinas (BSP) ng nationwide information campaign upang maituro sa publiko ang bagong disenyo ng barya. Sagot ito ng ahensya matapos bumuhos ang mga reklamo dahil sa new generation coin series. Normal lang umano ito lalo na kung may ipinapakilalang bago sa sistema at naiintindihan nila ito. Tiwala ang BSP na hindi magtatagal ay masasanay na ang mga Pilipino sa mga bagong barya na nasa sirkulasyon.
by Richard CARTER Agence France-Presse TOKYO, Japan (AFP) — Virtual currency Bitcoin — or “digital gold” to its fans — has enjoyed a gravity-defying rise along with wild price swings, sparking fears it could be the latest financial market “bubble.” Bitcoin was worth just a few US cents when it began life in 2009 and last week changed hands for a staggering $17,000 despite having no central bank backing and no legal exchange rate. Here […]
THE HAGUE, Netherlands (AFP) — A Dutch family has sold virtually all they own, including a business, their home, two cars and a motorbike and invested the takings in bitcoin just as the virtual currency is soaring to new heights. “We are putting everything into bitcoin, we’ve sold everything to invest in this currency,” Didi Taihuttu told AFP. The 39-year-old is currently living in a camping ground with his family, aiming “to put as much […]
Urges clients to report “unauthorized transactions” in their accounts (Eagle News) — Banco de Oro on Friday said it had received reports of “potentially compromised” automated teller machines, urging its clients to contact their branches if they discovered unauthorized transactions in their accounts. “Customers with unauthorized transactions may reach out to the bank via formal channels so that their cases may be properly investigated and, where confirmed as impacted, may be reimbursed,” BDO said. The statement, however, […]
(Eagle News) — Presidential spokesperson Ernesto Abella said on Tuesday that the money recovered by authorities in Marawi, and believed to form part of the funds of terrorists, had been compiled within a two-year period. “I don’t know exactly the direct implications of (the recovery), although I did inquire and apparently, the money has been compiled between 2014 and 2016,” he said. It was unclear if Abella was referring to only the cold cash recovered by the Philippine Marines, […]
TOKYO, Japan (Reuters) — Japanese government said on Monday (May 22) that it’s determined to impose its own sanctions to curb North Korea’s nuclear and missile ambitions, a day after Pyongyang conducted its second missile test in a week. Japanese government spokesperson Yoshihide Suga said in a regular news conference that blocking off money, parts and technologies that Pyongyang needs for its nuclear weapon programme is essential to curtailing the communist regime’s nuclear programme. The […]
