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19 June

BSP, partners expand FinEd reach

The Bangko Sentral ng Pilipinas (BSP) and its partner organizations launched new financial educational programs for agricultural workers, college students and overseas Filipino workers (OFWs) at ceremonies held on June 8, 2023 at the BSP Manila head office. These initiatives were developed by the BSP in cooperation with various partner organizations to broaden and deepen the reach of financial education …

19 June

FDI marks 30.7 percent decline with US$548 million net inflows in March

Foreign direct investment (FDI) recorded US$548 million net inflows in March 2023, lower by 30.7 percent than the US$792 million net inflows in the same month in 2022. The said decline resulted from lower net inflows across all major FDI components amid investor concerns over subdued global growth prospects. Equity capital placements during the month originated mostly from Singapore, Japan, and the …

19 June

Econ team holds dialogue with PCG, PA to fine-tune MUP Pension Reform Bill

The economic team held back-to-back consultations with members of the Philippine Coast Guard (PCG) and Philippine Army (PA) recently to further discuss and refine the proposed Military and Uniformed Personnel (MUP) Pension Reform Bill. “When we started the roadshow, ibang-iba po ang proposals namin. Pero dahil nakikinig kami, nag-iba na po ang mga proposals. Yung mga makikita nyo po ngayon, …

19 June

BOC, DICT ink pact to expedite digitalization

The Bureau of Customs (BOC) said last week it has entered into a Memorandum of Understanding with the Department of Information and Communications Technology (DICT) which will ensure prioritization of digitalization. In a statement, BOC Commissioner Bienvenido Rubio raised the urgency of the execution of digitalization which will give way for the agency to provide a better service to the …

19 June

A Journey to Excellence, Topping the CPA Board Exam

The path to success is often marked by resilience and unwavering determination. However, for individuals hailing from financially disadvantaged households, this journey requires an extra layer of practicality and resourcefulness. Lea Pedarse, an alumna of the SM Foundation’s Scholarship Program, exemplifies these qualities as she triumphs in the recently concluded Licensure Examination for Certified Public Accountants (CPALE), securing a spot …

19 June

Alfamart opens 1,500th and first-ever store in Pangasinan

Instead of travelling 20 minutes via tricycle and spending P60 for fare, Sheena Bautista, a resident of Barangay Nancalobasaan in Pangasinan, now has the option to visit the nearest Alfamart in their neighborhood that is only a few meters from her house. Located near the town’s residential cluster in Urdaneta City, Alfamart, a part of SM Investments Corporation’s food retail …

19 June

Petron preferred share gets SEC nod

The Securities and Exchange Commission (SEC) has considered favorably the shelf registration by Petron Corporation of up to 50 million preferred shares. In its meeting on recently, the Commission En Banc resolved to render effective the registration statement of Petron covering Series 4 preferred shares, subject to the company’s compliance with certain remaining requirements. Petron may offer the preferred shares …

19 June

Ayala unit invests in Scotland-based biotech startup

A subsidiary of Ayala Corp., one of the country’s conglomerates, has invested in a biotechnology startup based in Scotland that aims to address challenges in food security. In a statement on Friday, Ayala Corporate Technology Innovation Venture (ACTIVE) Fund said it invested in Roslin Technologies, which specializes in stem cell technology for cultivated meat. Through this innovation, meat is grown …

19 June

World-class experience awaits Filipino fans in FIBA World Cup

By Robert Andaya The event: the 9th FIBA World Basketball Championship. The date: October 1-14, 1978. The venues: Araneta Coliseum in Quezon City and Rizal Memorial Coliseum in Manila. President Ferdinand Edralin Marcos formally declared the opening of the 14-nation basketball showcase. Yugoslavia, led by Dražen Dalipagic, defeated Soviet Union, 82-81, in overtime to capture the championship before an adoring …

19 June

Pole vault bronze for Obiena

By Robert Andaya Filipino pole vault champion EJ Obiena continued his impressive showing by securing a bronze medal at the Oslo Diamond League-Bislett Games in Norway last Friday. Despite falling short of his Asian record and personal-best of 6.0 meters, Obiena’s performance was enough to land him on the podium against a strong field of athletes that included his Olympic …

TimeLine Layout

June, 2023