CRISIS creates opportunities and this time, the Philippines could be the beneficiary of such crisis-driven opportunities coming out of the recession in Japan and the United Kingdom, according to local economists. Nonetheless, they said, there are risks from this, especially to trade performance and the country’s remittance bonanza if a portion of the overseas Filipino workers market comes home.
WITH the unanimous approval of the Senate bill to increase minimum daily wages in the private sector by P100, the National Economic and Development Authority (Neda) expressed concern that micro, small, and medium enterprises (MSMEs) would be unable to cope with the new policy.
THE Asian Development Bank (ADB) announced it will give grants to rural banks to implement digital transformation solutions to catalyze financial inclusion, especially in underserved sectors in the country.
HIGH minimum wages could spur new rate hikes by the Bangko Sentral ng Pilipinas (BSP) and cause small and medium enterprises (SMEs) to close shop, according to local economists.
THE National Economic and Development Authority (Neda) defended the government’s efforts to bring down commodity prices saying the Marcos administration recognizes the urgency of addressing high inflation.
THE end of the tightening cycle is within sight and this has boosted the Bank of the Philippines Islands’ (BPI) hopes of growing its loan books this year and a better performance of the country’s economy.
The national government (NG) receives an average of 100,000 complaints related to the implementation of the Pantawid Pamilyang Pilipino Program (4Ps) annually, according to the Philippine Institute for Development Studies (PIDS).
The Department of Human Settlements and Urban Development (DHSUD) said there are around 36 Pambansang Pabahay para sa Pilipino Program (4PH) projects that are already in pre-production and production stages.
THE Philippine Deposit Insurance Corp. (PDIC) is seriously studying the possibility of increasing the insurance coverage of banks as the move could lead to “risky behavior.”
THE Bank of the Philippine Islands (BPI) announced having renewed its partnership with Mizuho Bank Ltd. (Mizuho Bank) the continued recovery of the Philippine economy from its pandemic-induced losses.