Business organizations lauded the enactment of Financial Institutions Strategic Transfer (FIST) Act into law as timely stating the new law would further aid in the recovery of the Philippine economy, which has been battered by long lockdowns and quarantines due to the pandemic. The Philippine...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the new law that will help the domestic financial system manage its bad debts during the health crisis and post-pandemic, will significantly decrease banks’ soured loans ratio and encourage deposits and investments. Diokno is...
As the country enters a new year and there are positive developments on the discovery and roll-out of COVID-19 vaccines, the country’s ten major business groups strongly urged the Duterte government to maintain its focus on safe economic recovery. “We support initiatives to liberalize the...
Slightly below programmed The Duterte administration is likely incurred slightly lower than programmed budget deficit last year due to favorable revenue performance, the Department of Finance (DOF) said. Speaking at the Management Association of the Philippines (MAP) virtual meeting, Finance...
At least 30 business organizations are signing a Joint Statement of Support calling for the immediate passage of the long delayed Corporate Recovery and Tax Incentives for Enterprises (CREATE) Bill with all the critical features to boost businesses and attract more investors into the country. This...
Instead of Charter change, the Duterte Administration’s chief economic manager has suggested that the lawmakers may consider the further opening up of the local economy to foreign investments. While Finance Secretary Carlos G. Dominguez III did not categorically state that he is not in favor of...
AURELIO “Gigi” R. MONTINOLA III, Chair of Far Eastern University (FEU), is the President of the Management Association of the Philippines (MAP) for 2021. Mr. Montinola is the 72nd President of the MAP since its inception in 1950. AURELIO...
BTS and the cover of their 'Map of the Soul: 7' album. (Big Hit) The Recording Industry Association of America (RIAA) revealed that K-pop superstars BTS’ “Map of the Soul: 7” has earned the distinction of being the only pop album that was awarded platinum certification in the US in 2020. In...
While CEOs here and abroad are mouthing the buzzword “digitalization”, the head of the country’s largest commercial bank BDO Unibank thinks the concept of digital as a little bit “overplayed.” At the Management of the Year “A Year of COVID – Gloom or Boom?” panel discussion by...
Despite the expected Malacanang approval of the CREATE bill following Senate passage, the Management Association of the Philippines (MAP) said there is still so much to do to attract foreign direct investments. “We still have a lot of work moving forward. The restrictive provisions in our...
While sustainability is just flourishing as a battle cry and pursuit for many corporations in the Philippines as underpinned by the implementation of the environmental, social and corporate governance (ESG) framework this year, First Gen Corporation Chairman and CEO Federico R. Lopez highlighted...
BTS (Big Hit Entertainment) K-pop idol group BTS’ “Map of the Soul: 7” album has been certified platinum in the US after earning one million units. The Recording Industry Association of America (RIAA) issued the platinum certification to “Map of the Soul: 7” on Nov. 16 simultaneously with...
