DBM adopts stringent measures to ensure sound fiscal discipline

CLARK FREEPORT—The Department of Budget and Management (DBM) has adopted stringent measures to ensure sound fund utilization among national government agencies. Rolando Toledo, DBM Fiscal...

Govt borrowings hit P156.526B in Feb

The national government reported total gross borrowings of P156.526 billion for January to February 2018, with loans from offshore entities outpacing those from local...

Exercise prudence in dealings involving cryptocurrencies—IC

The Insurance Commission (IC) has cautioned the public and all its regulated entities against dealings involving cryptocurrencies on the back of the risks they...

IMF/World Bank Group keen on supporting Manila infrastructure buildup program

The World Bank has bared plans to participate in the country’s infrastructure buildup program, specifically railway projects, the Department of Finance (DOF) said on...

DOF bares bridge-building projects linking Visayas islands to Luzon

The Department of Finance (DOF) said the Duterte administration plans to build eight major bridges costing an estimated P269.19 billion that will connect islands...

Cebu lender links up with student audit group

City Savings Bank (CitySavings) copresented the recently concluded Philippine Financial Summit (PFS) organized by the University of the Philippines–Junior Finance Association (UP-JFA) at the...

Are we ready for a federal government?

Is federalism the panacea for the many troubles that beset our nation? Globally, a majority, or 166 of the 199 nations of the United...

Local fintech, Grameen Foundation use technology to empower the poor

POSIBLE.NET, a financial-technology or fintech company, and Grameen Foundation, a global nonprofit organization, have collaborated in a program that seeks the empower the poor,...

LandBank looking to expand in second-tier municipalities

Government-owned Land Bank of the Philippines (LandBank) is looking to expand its branch network in so-called lower-ranked municipalities this year following the recent opening...

Inclusive development a key issue at ADB meet

The Asian Development Bank (ADB) said some 3,000 to 4,000 delegates are expected to take part in the 51st annual meeting scheduled from May...

Get updated with a relic

The word “relic” connotes antiquity and outmodedness, so how can one get updated with a relic? Well, only when it is not the word...

BTr caps 10-year bond rate to 6.213 percent

The Bureau of the Treasury (BTr) on Tuesday reported a full award on its 10-year Treasury bond (T-bond) sale characterized by robust bids from...

Digital financial firms pursue Central Bank backed ‘cash-lite’ goal

DIGITAL payments provider PayMaya Philippines Inc. has struck a partnership agreement with Bounty Agro Ventures Inc. (Bavi) to offer a new mode of payment...

Do you need to be a genius to be rich?

Someone recently asked me, “Do you need to be a genius to be rich?” This question got me thinking, which eventually prompted me to start...

Still more evidence of slower remittance growth in February

Cash sent by migrant Filipino workers in February continued to grow, albeit at a slower rate compared to remittances the previous month. The Bangko Sentral...

GSIS, DepEd formalize teacher loan pact with private lenders

President Duterte on Monday witnessed the signing of a memorandum of agreement between the Government Service Insurance System (GSIS) and the Department of Education...

91-day T-bills rise higher to 3.493%

The Bureau of the Treasury reported mixed results in its latest Treasury bills (T-bills) sale on Monday, with the auction committee awarding in full...

‘What the economy requires, the banks can adequately provide’

The local banking system is strong enough to meet the funding requirements of the growing economy, the Bangko Sentral ng Pilipinas (BSP) said. At the...

Delinquent employers hit with sanctions

The Social Security System (SSS) has reported collecting more than P200,000 from delinquent employers in just a month after pursuing the so-called Run After...

Interest groups seek greater transparency on GSIS fund deployment decisions

A special interest group advancing the welfare of government employees from around the country is appalled that state-owned Government Service Insurance System (GSIS) has...