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Three kittens: A business fable

IN a pet orphanage, three kitten friends are talking to each other. “I heard there’s someone coming over today who’s interested in adopting one of...

Government to cut down infrastructure spending if fuel excise tax hike suspended

THE Department of Finance (DOF) said the government may have to cancel some infrastructure expenditures if the increase in fuel excise tax is suspended...

T-bills auction mixed as bids higher than expected–BTr

THE Bureau of the Treasury (BTr) received mixed results in its latest Treasury bills (T-bills) auction on Monday awarding P7 billion from the P15...

PBCOM raises P2.9 billion from LTNCD issuance

PHILIPPINE Bank of Communications (PBCOM) said it raised a little over P2.9 billion in its issuance of long-term negotiable certificates of time deposits (LTNCD). Nearly...

Top economic execs update investors on PHL’s strengths

PHILIPPINE economic managers recently wooed investors at the sidelines of an International Monetary Fund (IMF)-World Bank (WB) event in Indonesia, in an effort to...

Solon blames local banks for weak farm production

DUE to their failure to provide loans for farmers, a congressman from Bicol said local banks nationwide were also to blame for the poor...

BSP eases rules for banks, QBs in areas affected by...

THE Bangko Sentral ng Pilipinas (BSP) approved the adoption of a policy framework on the grant of regulatory relief to banks and quasi-banks (QBs)...

August data shows govt borrowed more overseas

DATA from the Bureau of the Treasury (BTr) showed that the government borrowed more overseas in August at P134.049 billion, 118.6 percent higher than...

Gamblers to bankroll government’s universal health care program

CASINO gamblers, lotto bettors, smokers and alcohol drinkers are being lined up among major funding sources under the multibillion-peso Universal Health Care bill that President...

Association governance: Challenges and solutions

SIXTY-NINE percent of nonprofit boards struggle with governance-related issues. This is according to BoardEffect, a US-based solutions provider for nonprofit boards, which conducted a...

IC chief Funa elected to board of Asean insurance body

INSURANCE Commissioner Dennis B. Funa has been appointed as a member of the board of trustees of the Association of Southeast Asian Nations (Asean)...

Insurance industry slowly but surely adopts to fintech in doing business

THE Philippine insurance industry is slowly adapting to changes brought about by the wave of global technological advancements with the shift to financial technology...

Bangladesh lauds PHL help on $81-million heist

DHAKA—The chief legal counsel of Bangladesh Bank has praised the administration of President Duterte for supporting the efforts to recover millions of dollars laundered...

Duterte open to suspending fuel excise tax

SUSPENDING excise tax on oil products is an option being considered to ease inflation, President Duterte said on Tuesday. “Maybe,” Duterte told reporters after administering...

Crypto industry on brink of an implosion–expert

ECHOING sentiments of mainstream economists, Juniper Research is warning that many of the metrics in the cryptocurrency world are pointing to a market implosion. Industry...

TMTG introduces gold-based virtual currency in PHL market

SEOUL, South Korea-headquartered Digital Gold Exchange (DGE) Co. Ltd. formally launched on Monday its The Midas Touch Gold (TMTG), a Korean cryptocurrency token backed...

Fierce competition for BPO business

NOT too long ago, the Philippines outflanked India and became the No. 1 darling country of choice for business-process outsourcing (BPO) more popularly known...

Senators eye ‘professional’ SSS Board

SENATORS on Tuesday moved to “professionalize” composition of the board of directors of the Social Security System in a bid to insulate the SSS...

Government inks P2.10-billion deal with Jica for second phase of Bohol...

A ¥4.376-billion (about P2.10 billion) supplemental loan agreement has been signed by the Department of Finance (DOF) with the Japan International Cooperation Agency (Jica)...

Korea’s KB Kookmin Bank sees PHL footprint via RCBC

RIZAL Commercial Banking Corp. (RCBC) announced on Monday its partnership with one of South Korea’s largest banks in a bid to establish connections at...
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