With man this is impossible, but with God all things are possible” (Matthew 19:26).
Read More »Business
ADB urged to reinvent self to become inclusive
The Asian Development Bank (ADB) should “reinvent” itself by pursuing new development programs to spell wider economic inclusion across the Asia-Pacific after helping transform the region into the “center of gravity” of the global economy, Finance Secretary Carlos Dominguez III said.
Read More »Philippine’s CA deficit far from being worrisome – BSP exec
Monetary officials maintain that the Philippine Current Account (CA) balance , even at a small deficit, remains in a healthy level.
Read More »Landbank net income grows to P14.05B
Land Bank of the Philippines posted P14.05 billion in net income for 2017, 4% higher than the P13.58 billion net income in 2016.
Read More »Pagcor continues to bring aid to displaced Albay folk
Legazpi, Albay – As the Mayon Volcano continues to show unrest indicating the possibility of a major eruption, the Philippine Amusement and Gaming Corporation (Pagcor) gears up to continuously bring relief to tens of thousands of displaced locals in the next few months.
Read More »Lyceum takes PCCL crown
Revenge is sweet for Lyceum.
Read More »Unilab Foundation’s Project Inclusion: The Business Benefits of Hiring PWDs
Every successful business explores every possible opportunity and advantage. Businesses need to stay ahead not just of the competition, but also of the consistent demand of a profitable bottom line. That means making the most of resources that may be overlooked or underutilized. Persons with Disabilities (PWDs) represent a vast wellspring of untapped potential in terms of skill and productivity.
Read More »EC President Moreno cites ICTSI Guayaquil for economic contribution
Contecon Guayaquil SA (CGSA), a subsidiary of global operator International Container Terminal Services, Inc. (ICTSI) at the Port of Guayaquil in Ecuador, recently received President Lenín Moreno, who lauded CGSA’s contributions to the growth of Ecuador.
Read More »BSP to Implement Minimum Liquidity Ratio for Smaller Banks and QBs
The Monetary Board has approved the adoption of minimum prudential liquidity requirements for thrift banks (TBs), rural banks (RBs), cooperative banks (CBs) and quasi-banks (QBs) which are designed to enhance the covered BSP-supervised financial institutions’ resilience to liquidity stress events. With this new development, all banks and QBs will be subject to calibrated minimum prudential liquidity requirements. The BSP first …
Read More »End-January 2018 GIR Level Settles at $81.2 Billion
Preliminary data showed that the country’s gross international reserves (GIR) level as of end-January 2018 slid marginally to US$81.2 billion from the end-December 2017 GIR of US$81.6 billion, Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla, Jr. announced today.1 At this level, the GIR represents more than ample liquidity buffer and is equivalent to 8.2 months’ worth of imports …
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