Malaysia debt watcher raises Philippine rating further into investment grade
THE PHILIPPINES bagged a credit rating upgrade from a Malaysian debt watcher, which cited progress on the infrastructure front and reforms which are expected to help sustain economic growth.
BSP check shows most Filipinos unbanked
MAJORITY of Filipinos still did not have bank accounts as of 2017 due to lack of funds to meet required minimum balances, a study of the Bangko Sentral ng Pilipinas (BSP) showed.
Subway project to boost Philippine construction sector
By Denise A. Valdez, Reporter
FITCH Solutions said it raised its growth forecast for the Philippine construction and railway sectors this year with the expected...
Duterte rejects reclamation in Manila Bay
PRESIDENT Rodrigo R. Duterte on Saturday said he would not allow the private sector to pursue new reclamation projects in Manila Bay, saying these will put the Philippine capital environmentally in peril.
Ilocos Norte mall operator to list, Axelum sets IPO price
ALTUS PROPERTY Ventures, Inc., a real estate company that owns and operates a mall in Ilocos Norte, has filed an application to list on the main board of the Philippine Stock Exchange (PSE) at a price of P10.10 per share.
Corporate regulator eases financial reporting rules for small businesses
THE SECURITIES and Exchange Commission (SEC) has eased financial reporting requirements for small businesses as part of a continuing government effort to facilitate entrepreneurship.
“The...
Making retail rural
AS A CHILD, Alexander Cruz had to sell salt and fruits in a public market to fund his schooling.
Banks’ soured loans highest in 6 years
LOCAL BANKS’ bad loans continued to rise in July as the economy was battered by the coronavirus pandemic, bringing the industry’s nonperforming loan (NPL) ratio to its highest level since 2014.
From reluctant entrepreneur to a seasoned risk-taker
DEVELOPING and managing a successful business is a long, arduous process that requires patience, determination, hard work, and business acumen.
BSP cuts big banks’ reserve requirement
FRESH from slashing benchmark interest rates just a week ago by 25 basis points in the face of easing inflation and slowing economic growth, the Bangko Sentral ng Pilipinas (BSP) on Thursday fired off a 200-basis-point (bp) phased reduction in big banks’ reserve requirement ratio (RRR).
‘Total fail’: How communication breakdown broke Ballet Philippines’ leg
IF the Ballet Philippines (BP) controversy was used as a case study in change management, a professor at the Ateneo de Manila University in Quezon City would have given its board an F.
BSP considering the possibility of issuing digital currencies
THE BANGKO SENTRAL ng Pilipinas (BSP) is looking into the possibility of issuing digital currencies at a time of increasing use, although industry experts cautioned that doing so could disrupt monetary policy operations.