State-owned Philippine Guarantee Corp. (PHILGUARANTEE) posted record financing assistance to micro, small and medium enterprises (MSMEs) during the prolonged pandemic. Based on a report to the Department of Finance released on Monday, April 4, PHILGUARANTEE said its credit guarantee facilities to...
Heightened domestic demand is expected to cushion the impact of the Russia-Ukraine conflict on the economy in the first semester of the year, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report. FMIC and UA&P said that while Russian...
The International Finance Corp. (IFC) and AboitizPower Corp. have signed an agreement to help assess the viability of renewable energy as a source of base load power in the Philippines. In a statement, IFC said on Wednesday, March 30, that it was tapped to conduct a joint in-depth study with...
Manny Pangilinan-led Metro Pacific Tollways Corporation (MPTC) on Monday signed definitive agreements to purchase significant minority stake in Byahe (registered as On-Us Solutions Inc). The investment will be made through MPT Mobility Corp., MPTC’s unit for mobility services. L-R, front:...
The time spent in settling insurance claims and resolving loan accounts in closed banks was significantly reduced following the Philippine Deposit Insurance Corp.’s (PDIC) shift to digital platforms, the Department of Finance (DOF) said. Roberto B. Tan, PDIC president and chief executive officer...
media NLEX Corporation has began raising the elevation of a 640-meter portion of the Subic–Clark–Tarlac Expressway (SCTEX) Dinalupihan to curb the risk of flooding and expects to complete the project by third quarter of 2022. “We continue to improve our infrastructure so they can withstand...
PhilHealth, PCIC accounting norms monitored By Chino S. Leyco The Insurance Commission (IC) is closely monitoring the compliance of the Philippine Health Insurance Corp. (PhilHealth) and the Philippine Crop Insurance Corp. (PCIC) with the directive of the Department of Finance (DOF) to adopt...
The International Finance Corp. (IFC) has agreed to help Quezon City in improving the local government’s pandemic response efforts. In a statement, IFC said on Wednesday, March 23, that it will provide advisory services to the Philippines’ biggest city to “future proof” its vaccination...
media The Department of Transportation (DOTr), the Department of Public Works and Highways (DPWH) and NLEX Corporation formally opened a new two-lane road on Monday, March 21, as an alternative route in and out of Meycauayan and Marilao, Bulacan. The Meycauayan-Marilao East Service Road occupies a...
Senatorial candidate Herbert “Bistek” Bautista on Thursday reiterated his push for the government to buy back oil firm Petron, saying this would serve as a means to lower oil prices down when these tend to go out of control due to some factors. According to Bautista, he has information that the...
The Commission on Audit (COA) reported on Wednesday, March 2 that around P4.99-billion allocated for loan distribution micro, small, and medium enterprises as part of Bayanihan 2 act was left stagnant. The Commission on Audit (COA) logo (Taken from coa.gov.ph/ MANILA BULLETIN) Through the COVID-19...
Universal Robina Corporation (URC) reported a 109 percent rise in its unaudited 2021 net income to P24.3 billion from the same period last year mainly due to a one-time gain from the sale of its Oceania business. In a disclosure to the Philippine Stock Exchange, the firm said “The sale provided...
