Economy

Jerry Maglunog There is a clamor among officials of the Bangko Sentral ng Pilipinas (BSP) that they get immunity from suit during the painful process of putting a distressed bank under the receivership of the Philippine Deposit Insurance Corp. (PDIC).

Riza Lozada Financial literacy will have to be inculcated in the minds of Filipinos to achieve a secured future, Sen. Sonny Angara said.

The Philippine Stock Exchange (PSE) reported its 2014 net income grew by 2.7 percent to P867.55 million from P844.77 million a year ago.

A bigger proportion of the population or about one in every four Filipinos were considered poor in the first half of 2014 due to government restrictions on rice imports and the lingering effects of a killer typhoon, state data released last Friday showed.

Riza Lozada The Philippines is being groomed as a model country for mobilizing funds to address climate risks. A World Bank (WB) report stated that the country is home to 16 provinces considered among the top 50 places in Southeast Asia that are vulnerable to sea level changes.

Riza Lozada Trade chambers led by the American Chamber of Commerce in the Philippines have sought  a  long  term  roadmap  that  will  enable  the  Philippines  to  move  up  the  global  business  and  competitiveness  ladder particularly  with  the  advent  of  ASEAN  integration  and  forthcoming  foreign trade agreements (FTAs)  such  as  the  Trans  Pacific  Partnership  (TPP).

Riza Recio Asia-Pacific Economic Cooperation (APEC) member countries can emulate the Philippines initiative on credit surety fund that allows cooperatives to borrow 10 times of their minimum P100,000 contribution, Bangko Sentral Ng Pilipinas (BSP) Deputy Governor Diwa Guinigundo said last Friday during the culminating event of the APEC Finance and Central Bank Deputies’ Meeting after the two-day discussion held in …

Riza Lozada The Philippines does not plan to revise soon its existing rules on bank deposit secrecy, according to the Bangko Sentral Ng Pilipinas (BSP).

Riza Lozada The Mindanao grid is considered power deficient for the second straight month due to plant outages causing millions of pesos in business losses.

Mass housing leader 8990 Holdings Inc. seeks to raise up to ₱9 billion in fresh funds from a retail bond offering to further fund its expansion plans.