The 48 thrift banks supervised by the central bank continue to be stable amid the COVID-19 pandemic despite decreased deposits and portfolio, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. “During the first semester of 2020, we noted a decline in thrift banks’...
Humans have fascination for gold, it is part of who we are. It is part of civilization. It is a tangible liquid asset that is always short in supply and strong demand. Thus, in times of crisis like this pandemic, governments and companies run for safe assets by buying more gold. Since March this...
The Bangko Sentral ng Pilipinas (BSP) will accelerate its gold purchases and will be more opportunistic in its gold trading, according to its highest-ranking official. MB File “BSP will be opportunistic, sell when gold prices are high,” said BSP Governor Benjamin E. Diokno over the weekend. He...
And there are talks that the app will be used as a unified platform for other sports leagues in the country Chooks 3x3 commissioner Eric Altamirano, in collaboration with Global Electric Transport (GET) Philippines, is set to launch a contact tracing application that can be used as unified...
The call not to allow the Philippine Coconut Authority (PCA) to handle the P100-billion coconut levy fund is growing. There’s also a call to use the funds only for the benefit of small coconut farmers. In a statement, Kalipunan ng mga Maliliit na Magniniyog sa Pilipinas (KAMMPIL) appealed for the...
For disaster resilience The Asian Development Bank (ADB) has approved a new loan allowing the Philippines to quickly access emergency financing in the event of disasters triggered by natural hazards and public health emergencies. In a statement, the Manila-based financial institution announced...
Philippine borrowers are looking to raise fewer bonds overseas in the coming months, taking away a pillar of strength for the peso. The peso led the advance among Asian currencies this year with 4.3% gains as the nation’s borrowers raised a record $11.4 billion dollars via international bond sales...
The Bureau of the Treasury said the government will closely coordinate with the Bangko Sentral ng Pilipinas (BSP) for the issuance of their respective debt papers. National Treasurer Rosalia De Leon said yesterday that the local financial market is awash with cash and can accommodate the...
PBA commissioner Willie Marcial (PBA Images) The PBA, Chooks-to-Go Pilipinas 3x3 and Philippines Football League are open to lend a helping hand to any collegiate teams that will adopt their best practices once the guidelines for the resumption of training are released. Teams in the collegiate...
Training for collegiate leagues like the NCAA and the UAAP is on standby as CHED forms a technical working group to craft guidelines before allowing student-athletes to resume practice. (MB File Photo / Jansen Romero) Collegiate athletes like the ones in the NCAA and UAAP would have to wait a...
The Machine Gun signing off, says Williams Kelly Williams hangs it up after 13 PBA seasons. (PBA Images) TNT KaTropa’s Kelly Williams on Monday announced his retirement after 13 PBA seasons highlighted not only by championships and individual accomplishments but also for his ability to overcome...
YouTube sensation Cadena passes away at 26 Late YouTube sensation Lloyd Cadena wearing a Gilas Pilipinas jersey (Photo from Lloyd Cadena's Twitter account @LloydCadena) Basketball was among the interests Lloyd Cadena shared before his rise into one of the country’s most popular social media...
