Top News

By Jerry Maglunog Financial authorities have softened their stand on the country’s strict Bank-Secrecy Law as a result of the $81-million online heist involving funds of the Bangladesh central bank routed to the country.

By Luis Leoncio  For the past five years it has been in power, the Aquino administration spent an estimated P260 billion on the agriculture sector without producing substantial results in terms of the country’s farm output, according to former Budget Secretary Benjamin Diokno. 

By Luis Leoncio  The government continues to pay non-productive loans that did not benefit the economy. and of the total P214.5 billion scheduled debt servicing for this year, some P3.7 billion will go to the interest and principal payments of five questionable and illegitimate loans, the Freedom from Debt Coalition (FDC) said. 

The government has drafted a gameplan in preparation for tighter competition in the local business sector in a liberalized environment as a result of the launch of the Asean (Association of Southeast Asian Nations) Economic Community (AEC) late last year. 

By Riza Lozada The Bureau of Customs (BOC) and the Department of Trade and Industry (DTI) are at odds over steps the government should take to reduce smuggling in the country. 

By Jerry Maglunog and Luis Leoncio The executive order (EO) issued by Presi­dent Aquino to merge the Development Bank of the Philippines (DBP) and Land Bank of the Philippines (LBP or Landbank) would be the subject of a Senate investi­gation amid allegations of an attempt to cover up DBP ir­regularities, said Sen. Sergio Osmena III, chairman of the Senate committee …

By Luis Leoncio After revealing that the Aqui­no administration incurred a record P4.16-trillion debt in just five years, the Freedom from Debt Coalition (FDC) is now demanding that the gov­ernment make a public ac­counting on how it used the borrowings to improve the lives of the Filipino people.

Steps to be taken by the successor of President Aquino would be pivotal for the country’s effort to join the ranks of Asian ti­gers, an economic expert both said.

Shopping-mall mogul Henry Sy Sr. continues his rise on the prestigious list of Forbes World’s Billionaires’ List, climbing to 71st place from 73rd in 2015, despite his net worth falling to $12.9 billion from last year’s $14.2 billion.

By Riza Lozada  Malacañang’s “undue haste” in merging the Development Bank of the Philippines (DBP) with Land Bank of the Philippines (LandBank or LBP) has raised suspicions of a possible cover-up of irregularities involving billions of pesos of behest loans and other anomalies in one or both of the two state-owned banks.