6.2% Q1 growth seen on jobs, factory data
THE Philippine economy may have posted a growth of 6.2 percent in the first quarter of this year on the back of better jobs generation and higher manufacturing output, according to a local think tank.
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THE Philippine economy may have posted a growth of 6.2 percent in the first quarter of this year on the back of better jobs generation and higher manufacturing output, according to a local think tank.
EMERGING Asia’s worst-performing sovereign bonds are at risk of further declines as the Philippine central bank looks to delay monetary easing due to inflation fears and a weak peso.
LAWMAKERS sternly warned traders inflating the prices of essential goods in the market that the government will pursue legal action against them if necessary.
THE Philippine Council of Associations and Association Executives (PCAAE) recently held a webinar, “The Future of Work,” featuring two Washington, D.C.-based speakers: Amy Hissrich, vice president of the International Affairs of the American Society of Association Executives, and Tom Reiser, executive director of the International Society on Thrombosis and Haemostasis.
SUN Life Grepa Financial Inc., a joint venture between Sun Life of Canada (Philippines) Inc. and the Yuchengco Group of Companies, announced last Thursday it posted a 17-percent increase in total premium income to P13.5 billion last year from P11.5 billion in 2022.
THE House Committee on Housing and Urban Development is currently reviewing existing government issuances related to housing price ceilings to enhance private sector involvement in mass socialized housing projects.
SENATOR Jose Pimentel “Jinggoy” Ejercito Estrada is asking Congress to pass an enabling bill mandating banks to allocate credit resources for micro-sized, small-scale and medium-sized enterprises (MSMEs) citing the need to keep small businesses afloat.
NON-bank financing company Asialink Finance Corp. is keen on doubling its client base composed of small-scale and medium-sized enterprises (SMEs).
THE cash allocation utilization rate of various government agencies reached 99 percent from January to March, according to the Department of Budget and Management (DBM).
TALA Financing Philippines Inc., a financial technology (fintech) firm that extends loans to the public, has secured a partnership with Maya Bank Inc.
DIGITAL payments company Block Inc., formerly known as Square, has finished the development of its Bitcoin mining chip as Chief Executive Jack Dorsey continues to advocate for a more accessible and decentralized system—an effort he’s championed since 2021.
THE Philippine Deposit Insurance Corp. (PDIC) announced it is set to sell through electronic public bidding a total of 101 real properties on its e-bidding portal starting at 9:00 a.m. on May 22 until 9:00 a.m. on May 23, 2024.
HONG Kong is set to follow in the footsteps of the US by listing a batch of cryptocurrency exchange-traded funds, providing a window on whether the city is making progress on fashioning a hub for digital assets.
Local digital banks received $700 million worth of investments from investors as the financial institutions continued to grow the number of their depositors, according to the Digital Bank Association of the Philippines (DiBA PH).
SEVENTEEN years after the Anti-Fixer Law was enacted in 2007 and ahead of the several tax deadlines this April, the Bureau of Internal Revenue’s (BIR) top official reminded the taxpaying public to refrain from transacting with “fixers.”
THE national government made a partial award of the reissued 20-year Treasury bonds (T-bonds) on Tuesday’s auction, raising only P16.633 billion due to high investors’ asking yields.
ON May 2, 2019, the peso was at 51.7808 to the US dollar, and was as strong as P47.66 to $1 on June 1, 2021; hitting a low of 59.0197 on October 10, 2022. Currently the peso is at a little over 57 to the greenback, meaning our currency devalued by about 10 percent over the last five years. More significantly, the peso devalued 23.79 percent from 47.66 to 59.02 in only a span of 16 months!
DAVAO City—The Peace and Equity Foundation (PEF) announced that its officers and those from the UP Strategic Research and Management Foundation (UPStream) signed a memorandum of agreement on April 4 at the UP Mindanao Gaisano Conference Room to undertake an action research study on Islamic financing in the Bangsamoro Autonomous Region in Muslim Mindanao (Barmm).
CLARK FREEPORT–The Clark Development Corp. (CDC) announced having partnered with the Land Bank of the Philippines (LandBank) to introduce an online payment option for Clark locators.
THE Government Service Insurance System (GSIS) is taking proactive steps to protect its pensioners from the dangers of extreme heat following the weather agency’s warning of unprecedented temperatures reaching up to 46 degrees Celsius in 24 areas across the country.
THE national government made a full award of Treasury bills (T-bills) last Monday despite the continuous uptick in average auction yields for the third straight week.
THE National Innovation Council (NIC) aims to double the grants extended by the Innovation Fund next year, according to the National Economic and Development Authority (Neda).
YOU’RE scrolling through your phone when suddenly, a notification pops up. Your heart sinks as you realize that you’ve fallen victim to credit card fraud, leaving you scrambling to rectify the situation and reclaim your lost funds.
COINS collected through Coin Deposit Machines (CoDMs) increased to P648.9 million as of last week, according to the Bangko Sentral ng Pilipinas (BSP).
THE Rizal Commercial Banking Corp. (RCBC) aims to post a double-digit growth of its loan portfolio this year on the back of innovative programs and new products.
Markets in Asia apart from Shanghai’s were broadly higher Monday, shrugging off the blues on Wall Street after big technology stocks logged their worst week since the COVID crash in 2020.
DESPITE evidence that Information Communication Technology (ICT) and electronic-government (IEG) development has ushered financial inclusion, the impact could just as easily head south if inequality persists.
DEVELOPING countries, such as the Philippines, tend to rely on financial assistance from international and multilateral financial institutions to fund their programs and projects through loans.
THE state’s payments for its debt obligations in the first two months of the year rose by 6.84 percent to P452.513 billion from P423.545 billion in the same period of 2023, according to the Bureau of the Treasury (BTr).
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