27 C
Manila
Sunday, January 20, 2019

DOF prompts lawmakers on 2nd package of CTRP

FINANCE Secretary Carlos G. Dominguez III prodded lawmakers to pass the remaining packages of the Comprehensive Tax Reform Program (CTRP). Dominguez told reporters lawmakers can...

Banks win break on trading-desk capital as Basel tones down rule

BIG investment banks scored a victory in their campaign to soften global rules, as regulators reduced the capital hit from new trading-book standards by...

GSIS grants P190M in cash benefits to active members

THE Government Service Insurance System (GSIS) released a total of P190 million in cash benefit to its active members on December 22, 2018. Qualified to receive the...

LandBank reports P15.5-B net income in 2018 as net loan...

THE Land Bank of the Philippines (LandBank) has reported a net income of P15.5 billion for 2018, on the back of the increases in...

Court ruling vs RCBC executive to help in fund recovery–AMLC

THE conviction of a former Rizal Commercial Banking Corp. (RCBC) official for money laundering, in relation to the $81 million stolen funds of Bangladesh...

Gems of Gyeonggi

Part Two DURING my visit to Gyeonggi province in South Korea sponsored by the Gyeonggi Tourism Organization (GTO), I discovered another “gem”: the “All in...

DOF seeks IFC help in using fintech for OFB

THE Department of Finance (DOF) has sought the assistance of the International Finance Corp. (IFC) anew in line with applying financial technologies (fintech) in...

BTr fully awards P20 billion on offer at first T-bonds auction

THE Bureau of the Treasury (BTr) has fully awarded the P20 billion on offer during its first auction for Treasury bonds (T-bonds) for 2019...

Hyperbolic Discounting, or why most people don’t invest

What is Hyperbolic Discounting, and how is it related to investing? Before I answer this, let me first give you a thought experiment. Below...

Rating firms weigh in on PHL global bond issuance

MOODY’S Investors Service announced late Tuesday that they assigned a Baa2 senior unsecured rating to the US dollar-denominated global bond offering by the government...

Malaysia probing whether China offered to bail out state fund 1MDB

MALAYSIA is looking into allegations that China offered to help deter probes into 1MDB in exchange for infrastructure projects, after the Wall Street Journal...

Reinsurance sector seen to reap windfall from ‘BBB’

THIS year’s Philippine Insurers and Reinsurers Association (Pira) chairman believes the reinsurance industry would reap a windfall from the revenue-generating effects of the government’s...

Ucpb releases survival, recovery loans to survivors of Marawi war

DAVAO CITY—The United Coconut Planters Bank (UCPB) said it has distributed “survival and recovery loans” to farmers and fishermen from Marawi City through the...

National government November debt up 11.8% to P7.195 trillion

THE outstanding debt of the national government as of November 2018 has increased to P7.195 trillion, higher by 11.8 percent compared to the P6.437...

Taguig now officially a debt-free city

THE Taguig City government officially became a debt-free local government unit for 2019, ending 2018 with its last payment on a P1.6-billion loan incurred...

Gems of Gyeonggi

Part One UPON invitation by the Gyeonggi Tourism Organization (GTO), I joined a four-day program that consisted of a familiarization tour and a MICE (meetings,...

BSP holds first FinEd stakeholders’ expo

KEY stakeholders, leaders, decision-makers, influencers and representatives from public and private institutions, development partners, international organizations, civic society and the academe convened at the...

No more years-long wait: VAT refunds to be done in 90...

THE Bureau of Internal Revenue (BIR) has issued Revenue Regulation (RR) 26-2018, which implements the 90-day processing of claims for value-added tax (VAT) refunds,...

BSP exec: PHL banking system robust amid external concerns

THE Philippine banking system has remained fundamentally strong despite having its share of challenges over the years; and 2018 proved to be no exception. Bangko...

More banks opt for ‘branch-lite’ strategy to expand reach in rural...

MORE banks are opting to open up “branch-lite” units, particularly in the countryside, in an effort to expand their reach without adhering to the...
Share