T-bill rates fall after further monetary easing by BSP
T-bill rates fell on Monday (April 20) following last week’s surprise but hefty cut in the policy rate, allowing the Bureau of the Treasury to sell P24 billion in government…
IC surveys COVID-19 impact on insurance, HMO claims
MANILA, Philippines – The Insurance Commission (IC) has asked its regulated entities to fill out a survey so that the regulator can assess the impact on the domestic sector of…
COVID-19 barely impacts Philippine peso
The COVID-19 pandemic has barely made a dent on the Philippine peso, which remained stronger than the US dollar as of mid-April, given strong macroeconomic fundamentals, the Department of Finance…
Cigarette transport restrictions may ease as smuggling rampant amid COVID-19 lockdown
Restriction on transport of legal tobacco products may be lifted following reports that cigarette smuggling, mostly through Mindanao, has become rampant while the entire country is waging war on COVID-19.…
SEC easing local business registration requirements
Securities and Exchange Commission (SEC) logo The Securities and Exchange Commission (SEC) is set to ease the requirements for the registration of new domestic corporations, particularly when it comes to…
SSS taps PayMaya for small biz wage subsidy
MANILA, Philippines – State pension fund Social Security System (SSS) has tapped digital money services provider PayMaya to help disburse some of its coronavirus (COVID-19) response funds. Specifically, PayMaya said…
Monetary easing policies see results as bank loans continue growth in February
Banks lent more money last February, a result of monetary authorities’ series of policy moves to lower the cost of borrowing and help the economy grow faster, according to Bangko…
Training of trainers for pandemic response held
PGH, one of the COVID-19 referral government hospitalsINQUIRER FILE PHOTO Philippine Disaster Resilience Foundation (PDRF), the country’s major private sector vehicle and coordinator for disaster management, conducted a coronavirus (COVID-19)…
PH foreign borrowings down 30 percent in first 3 months of 2020
The national government took out fewer foreign loans in the first quarter of 2020 to meet its financing needs, according to the central bank. The Monetary Board of the Bangko…
RLC: demand for China condo project brisk despite COVID-19 crisis
Gokongwei-led Robinsons Land Corp. has reported brisk demand for condominium units in its residential project in Chengu, China despite this territory being the epicenter of the coronavirus (COVID-19) pandemic. In…