Duterte appoints two BSP Monetary Board members
Anita Linda R. Aquino and Bruce J. Tolentino MANILA, Philippines — President Rodrigo Duterte has named V. Bruce J. Tolentino and Anita Linda R. Aquino as full-time private sector representatives…
Globe myBusiness and Ayala Enterprise Circle offer free webinar for SMEs to ensure business continuity
As the provider of 63% of the country’s workforce, the essential role that Small and Medium Enterprises (SMEs) play in the national economy cannot be emphasized enough. Regrettably, though, their…
BSP eases credit curbs for banks providing bond market liquidity
MANILA, Philippines — The cap imposed by regulators that limits financial institutions’ exposures to too much credit risk from a single entity will be lifted temporarily for debt securities used…
AEV’s Q2 profit down 63%
Sabin Aboitiz Conglomerate Aboitiz Equity Ventures Inc. saw a 63-percent year-on-year drop in second quarter net profit to P2 billion as most businesses – except for the food segment –…
Fruitas expanding footprint with new store concept
Fruitas’ new store concept :Babot’s Farm Retailer Fruitas Holdings Inc. is rolling out a new store concept with a footprint bigger than its typical kiosks and functions both as a…
Malls, establishment owners urged to lower rents for small businesses
DTI Secretary Ramon Lopez. FILE PHOTO / Earvin Perias MANILA, Philippines — The Department of Trade and Industry (DTI) on Tuesday called on mall and commercial establishment owners to lower…
NFA, scandal-ridden PhilHealth, get biggest subsidies in June
Subsidies for the purchase of rice for buffer stocks and health insurance raised government spending in June with the state-run National Food Authority (NFA) and the now scandal-ridden Philippine Health…
Pandemic drove banks to narrow credit for first time in 11 yrs, says BSP survey
No thanks to the ongoing COVID-19 pandemic, Philippine banks tightened their loan standards unequivocally for the first time in the 11 years that the Bangko Sentral ng Pilipinas (BSP) has…
Dominguez: No new ‘sin’ taxes eyed despite recession
Despite rising budgetary needs for COVID-19 response and universal health care and a weak tax collection because of recession, the government is not resorting to higher excise on so-called sin…
Strong demand continues pulling down T-bill rates
T-bills rates continued to fall across-the-board on Monday as government securities remain appealing to investors while the economy awaits an injection of fiscal stimulus to fight the COVID-19 pandemic. The…