How Changing Housing Needs Influence Singapore Property Choices
Housing needs rarely stay the same throughout a person’s life. A home that works well for a young professional may not provide the same advantages…
BSP chief: Fintechs should play bigger role in post-pandemic PH economy
The central bank wants local financial technology (fintech) firms to play a bigger role in the new economy that will emerge from the coronavirus pandemic to include lending money on…
DBM orders LGUs to align bigger 2021 IRA to COVID-19 response
Internal revenue allotment (IRA) shares to be disbursed by the Department of Budget and Management (DBM) in 2021 will rise to P695.5 billion for 43,647 local government units (LGUs), which…
Gov’t local debts rise to P5.56T in April at COVID-19 pandemic height
As investor appetite for government securities recovered in April, outstanding IOUs sold by the Bureau of Treasury further increased to P5.56 trillion that month. Government securities had become delectable investment…
Stimulus bill calls for P20B to test 20M Filipinos
The economic stimulus bill filed in Congress includes an allocation of P20 billion for mass testing for COVID-19 in metropolitan areas, but the passage of the bill has been slow…
UBX, Lazada team up on SME lending program
UBX, the fintech arm of Union Bank of the Philippines, has teamed up with e-commerce platform Lazada to offer credit lifeline to micro, small and medium enterprises (MSMEs) grappling with…
GSIS extends ‘proof of life’ deadline for 2nd time until June 30
The Government Service Insurance System (GSIS) has further extended to June 30 the last day for pensioners born in the months of March to May to present “proof of life”…
Economic team slashes 2020 infra budget
MANILA, Philippines — The economic team has slashed the amount set aside to build infrastructure this year even as total expenditures on public goods and services were jacked up to…
IMI to manufacture low-cost ventilators for COVID-19 patients
a prototype of the Ventura CPAP device solution that IMI will produce in the Philippines Ayala-led Integrated Micro-Electronics Inc. (IMI) seeks to bring down the cost of nursing coronavirus (COVID-19)-afflicted…
IC raises ceiling for insurers’ financial assistance to employees
The Insurance Commission (IC) has provided additional regulatory relief amid the COVID-19 crisis, this time allowing insurers to set aside a bigger chunk of their net worth for loans and…
DOF warns about cryptocurrency scam
MANILA, Philippines — Contrary to “fake news” spreading around which even name-dropped President Rodrigo Duterte, the Philippine government is not enjoining all Filipino citizens to invest in cryptocurrencies, the Department…