PH to get $1.9B in new loans from World Bank
The World Bank will approve financing for another $1.9 billion in projects in the Philippines before yearend to help the economy recover from the COVID-19-induced recession, the Department of Finance…
Overseas Filipinos invest in retail T-bonds
As the Bureau of the Treasury made available the five-year retail treasury bonds (RTB) it recently offered on more online channels as well as via a mobile app, Filipinos living…
Small banks now lending more to SMEs
The country’s rural and cooperative banks remain stable and are in a strong position to support the financing needs of micro, small and medium enterprises as well as large firms…
Former key PLDT exec named Dito CME president
Once a candidate to head the country’s largest telecommunications company, PLDT Inc., Ernesto “Eric” Alberto was named president of emerging rival Dito CME Holdings. Dito CME said in stock exchange…
Duties collected from marked fuel total P97.1B
Import duties and other taxes collected from oil products have reached P97.1 billion since the government began injecting fuels with chemical markers in September last year, the Bureau of Customs…
Ex-PLDT top exec named president of Davao-based Dennis Uy’s telco
Once a candidate to head the country’s largest telecommunications company, PLDT Inc., Ernesto “Eric” Alberto was named president of emerging rival DITO CME Holdings on Friday. DITO CME said in…
Lucio Tan advances to PAL hits P17.7B amid mounting losses due to COVID-19
MANILA, Philippines — Taipan Lucio Tan continued to pump billions of pesos into Philippine Airlines (PAL), helping keep the flag carrier afloat as losses in the first semester of the…
Small banks now lending more to SMEs thanks to BSP’s reserve cuts
MANILA, Philippines — The country’s rural and cooperative banks remain stable and are in a strong position to support the financing needs of micro, small, and medium enterprises as well…
Asian shares mixed on weak China data, worries over pandemic
TOKYO — Asian shares were mixed on Friday as investors studied fresh data out of China showing that its recovery remains subdued. A man walks past an electronic stock board…
Mang Inasal’s Injap Sia brings fast food innovations to grocery store chain
Perspective of MerryMart’s first drive thru store, which is set to open along Diversion Road, Iloilo City on January 2021. MANILA, Philippines — Edgar “Injap” Sia II made a fortune…