June, 2024

• 3 June

  BSP underscores need for capital market development

  

  Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. said recently the development and the deepening of the Philippine capital markets are vital to the economy. “Hand in hand with the government, we are pushing on multiple fronts to deepen our capital markets. Such deepened markets will enhance our transmission mechanisms for monetary policy and make our financial system …

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• 3 June

  DSWD taps LANDBANK to deliver crisis aid

  

  Land Bank of the Philippines (LANDBANK) has been tapped by the Department of Social Welfare and Development (DSWD) for the efficient and timely delivery of financial relief to crisis-affected individuals, including those in remote and underserved communities. Under DSWD’s Assistance to Individuals in Crisis Situation (AICS) Program, LANDBANK will serve as the Department’s disbursement partner and will engage financial service …

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• 3 June

  DBP grants Cabuyao P4-B loan for infra build-up

  

  State-owned Development Bank of the Philippines (DBP) has granted a P4-billion credit assistance to the city government of Cabuyao to finance key public infrastructure projects in the first-class component city of Laguna, a top official said. DBP President and Chief Executive Officer Michael O. de Jesus said the loan was approved under the Bank’s Assistance for Economic and Social Development …

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• 3 June

  BDO group pumps financial blood into renewable energy projects

  

  Alternergy Holdings Corp. secured another local to finance the construction of its renewable energy projects, which are aligned with the government’s goals of increasing green energy supply in the country. The company obtained a P2-billion green corporate loan from BDO Unibank Inc., with BDCO Capital & Investment Corp. as the mandated lead arranger for the transaction. Prior to the said …

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• 3 June

  SM opens 86th mall in Caloocan

  

  The growing reach of SM malls nationwide provides a venue for growth for many small and medium enterprises and communities. The opening of SM City Caloocan, SM’s 86th mall, will better connect surrounding urban and rural communities, sharing borders with Quezon City, Valenzuela, and the cities of Marilao, Meycauayan, and San Jose Del Monte in Bulacan. “SM malls are venues …

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• 3 June

  2023 stock market accounts stood at 1.9M

  

  The annual Stock Market Investor Profile report of The Philippine Stock Exchange, Inc. (PSE) showed a total of 1,906,019 stock market accounts as of end-2023, higher by 11.3 percent or 193,285 accounts from 1,712,734 accounts in 2022. The growth was mainly due to new accounts opened through the GStocksPH platform, which also pushed the share of online accounts to 80.0 …

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• 3 June

  Recto upbeat on Phl economy

  

  Finance Secretary Ralph G. Recto is upbeat on the Philippines’ bright economic outlook supported by a more open and liberalized investment policy landscape, which is part of the government’s growth-enhancing strategies aimed at lifting 14 million Filipinos out of poverty by 2028 and achieving inclusive growth. “Our growth-enhancing initiatives are meant not only to create an economy that is ready …

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• 3 June

  CREATE Law lures over P1-T investments

  

  Big-ticket investments approved under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act has already reached more than P1 trillion as of April this year. In a Facebook post on Friday, the Department of Finance (DOF) said these big-ticket projects are expected to generate 142,294 new jobs for Filipinos. The DOF said the Fiscal Incentives Review Board (FIRB) has …

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• 3 June

  IPs must own land to fight poverty

  

  By Rose de la Cruz Indigenous People (or our katutubo) are usually those who live in the hinterlands– far from everyone’s reach– such that they are excluded from our technology, our (foreign-acquired) culture and tastes, our churches and schools and from everything else. As such, they do not enjoy what we consider basic necessities because theirs is far from basic– …

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• 3 June

  DA kicks off Young Farmers’ Challenge

  

  The Department of Agriculture through the Agribusiness and Marketing Assistance Service (AMAS) is hosting on June 6, 2024 the Young Farmers Challenge (YFC) Program Kick-Off, National Awarding Ceremony 2023, and Business Development Services on June 6, 2024, at the Rice Biotechnology Center (CBC), PhilRice, Muñoz, Nueva Ecija. The event is the culmination of a ladderized competition from the provincial to …

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