Most Filipinos Don't Have Bank Accounts -- PH Central Bank

Only one-fourth of all Filipinos own bank accounts that facilitate their participation in the financial system, while the rest cite the lack of funds or lack of need as their primary reasons for not having one, according to Bangko Sentral ng Pilipinas, reports Inquirer.net.
 

Duterte Vows to Resign If God Is Proven to Exist

The Philippine president, who recently sparked outrage for calling God stupid, has courted new controversy in his largely Roman Catholic country by saying he will resign if anybody can prove that God exists, reports NY Daily News.

Duterte Satisfaction Rating Drops to Lowest Point Since '16

Satisfaction in Philippine leader Rodrigo Duterte fell to the lowest of his presidency since coming into office in 2016, an independent survey showed on Tuesday. Net satisfaction, used by pollster Social Weather Stations (SWS) as a rating of the president's performance, was down 11 points from the first quarter, reports Reuters/Yahoo News.

PH Dollar Reserves Fall to Lowest Level in 6 Years

The Philippines’ dollar reserves fell to their lowest level in six years at the end of last month as investors continued to convert their holdings into foreign currency either to repatriate their assets or to protect them against the peso’s weakness, reports Inquirer.net.

 

Filipino Dad, 4 Daughters, Die in Delaware Car Crash

A 61-year-old Filipino father, Audie Marquez Trinidad from Teaneck, New Jersey, and his four daughters Kaitlyn Trinidad, 20; Danna Trinidad, 17; and 13-year-old twins Melissa Trinidad and Allison Trinidad were killed in a vehicular crash in Delaware. Only the matriarch of the family, Mary Rose Ballocanag, survived, reports Inquirer.net/AP.

PH Inflation Hits 5.2%; Higher Than Expected

Inflation picked up faster than expected to 5.2 percent year-on-year in June, the highest in more than five years, due to costlier food and “sin” products, reports Inquirer.net.

2 PH Mayors Assassinated in 2 Days

Mayor Ferdinand Bote (Source: Rappler)

Mayor Antonio Halili (Source: Inquirer.net)

Mayor Ferdinand Bote of General Tinio, Nueva Ecija was killed in an ambush in Cabanatuan City on Tuesday afternoon, a day after Tanauan Mayor Antonio Halili was killed by a sniper, reports Inquirer.net.

Mayor on Duterte's 'Narco List' Shot Dead by Sniper

Mayor Antonio Halili (Source: Rappler)

Philippine mayor Antonio Halili, who was on President Rodrigo Duterte's list of allegedly narcotics-linked officials was shot dead Monday by a "sniper" in a broad daylight attack at a town ceremony, reports Yahoo News/Agence France Press.