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Banking & Finance

Finance chief urges immersion for grads

Finance Secretary Carlos Dominguez III.

F resh business graduates should become “servant-leaders” by helping impoverished communities develop micro and small enterprises that will serve as catalysts for growth and save society’s marginalized sectors from the poverty trap, Finance Secretary Carlos Dominguez III said.

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Financing scheme opens for inventors

By Riza Lozada The Department of Science and Technology (DOST) has launched a lending program to assist Filipino inventors called the “Innovation and Technology Lending Program” or “I-TECH”.

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DTI, Asean body tackle global value chains, NEM

From left are DTI Export Marketing Director Senen Perlada, Dr. Chie Iguchi from Keio University, Executive Director Penny S. Bongato of IBPAP, AJC Secretary General Masataka Fujita, DTI Undersecretary Nora Terrado, Investment and EPA Advisor of JETRO Shozo Suzuki, Ramon Clarete of the University of the Philippines School of Economics, Francis Mark Quimba of the Philippine Institute of Development Studies and First Secretary Jenni McEwin of the Australian Embassy in the Philippines.

The Department of Trade and Industry (DTI) and the Association of Southeast Asian Nations (Asean) Japan Center (AJC) co-sponsored a seminar entitled “Changing Trade and Investment Landscape in ASEAN and the Philippines” to highlight the importance of global value chains and non-equity mode (NEM) in the growth of Philippine exports.

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BAP, BSP join forces to protect e-trade systems

One of the buildings in the Bangko Sentral ng Pilipinas complex on Roxas Boulevard in Pasay City. (Photo: Alvin I. Dacanay)

By Riza Lozada The Philippine Payments Management, Inc. (PPMI), which was established to facilitate electronic payments, will assist the Bangko Sentral ng Pilipinas (BSP) in implementing initiatives for the National Retail Payment System (NRPS).

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Government eyes $200-M in Panda bonds float

The Department of Finance main office in Manila. (Photo: Team Vega via Wikimedia Commons)

By Riza Lozada The government plans to issue its first renminbi-denominated debt instruments or so-called Panda bonds this year while discounting any plan to issue other debt instruments overseas, National Treasurer Rosalia de Leon said.

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MB seizes Cabanatuan bank after insolvency

People pass by the Bangko Sentral ng Pilipinas sign at the central bank's headquarters in Malate, Manila. (Photo: Alvin I. Dacanay)

The policy-making Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) has banned Cabanatuan City Rural Bank Inc. from doing business in the country.

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Visa spreads financial literacy via theater play

International credit card issuer Visa launched recently its financial literacy program Lukot-lukot, Bilog-bilog (Crumpled, Rounded), a theatrical play targeted to teach students the importance of informed financial decisions.

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BSP sets up 50th credit fund scheme in Isabela

A detail of the Bangko Sentral ng Pilipinas building. BSP FACEBOOK PAGE

The 50th Credit Surety Fund (CSF) Program was launched last Oct. 2 in Cauayan City, Isabela to mark a new milestone for the program.

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Finance chief commits rise in BIR, BOC take

Finance Secretary Carlos Dominguez III.

By Riza Lozada Collections of the state’s main revenue agencies have started to pick up with “promising growth figures” of 8.8 percent in the first half from a year ago, Finance Secretary Carlos Dominguez III said.

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Budget shows P29B surplus in Aug as revenues grow

Facade of the Bureau of the Treasury in Intramuros, Manila. (Photo: Itoh Son)

The government’s budget posted a P28.8-billion surplus last August as revenue collections outstrip expenditures for the month.

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