The adverse impact of the prolonged pandemic will be short-lived, the government’s chief economic manager and the central bank governor said after Fitch Ratings downgraded the Philippines’ outlook to negative. BSP Gov. Benjamic Diokno and Finance Sec. Carlos Dominguez III Finance Secretary...
The Department of Finance (DOF) has flagged a possible sugar smuggling scheme employed by unscrupulous traders taking advantage of the Sugar Regulatory Administration’s (SRA) export replenishment program. In a statement on Monday, July 12, Finance Secretary Carlos G. Dominguez III said he has...
Malacañang remained optimistic that things will improve for the Philippines despite the ongoing coronavirus (COVID-19) pandemic. President Spokesman Harry Roque (File photo/Malacañang) Presidential Spokesman Harry Roque made the statement after the international monthly magazine Global...
Security Bank Corporation’s consumer finance arm SB Finance Corporation (SBF) has forged a deal with Grab Philippines to offer personal loans to Grab users, driver-partners, and merchant-partners. Under the partnership, users of the Grab app can apply for an SB Finance personal loan of up to P2...
DOH Undersecretary Maria Rosario Vergeire Countries worldwide are vulnerable to the threats brought about by the emerging variants of the virus that causes coronavirus disease (COVID-19), the Department of Health (DOH) said on Friday, July 9. “Lahat ng bansa ngayon vulnerable sa variants. Walang...
To help the country to produce globally competent and game-changing graduates in the fields of finance and accounting, a Makati-based school inked a partnership with a global professional accounting body offering chartered certified accountant qualifications. iACADEMY strengthened its global ties...
The government’s chief economic manager has backed the Department of Education (DepEd) in calling for the World Bank to issue a public apology over its outdated findings about the state of the Philippines’ education sector. In a statement on Thursday, July 8, Finance Secretary Carlos G....
GrowSari, a Philippine B2B E-commerce player, has raised US$30 million in funding to date from global marquee investors including China’s Tencent, International Finance Corporation, and the Gokongwei Group. 17716 Founded in 2016, GrowSari is a tech-enabled B2B platform that outfits Philippine...
The Bureau of Customs registered a spike in pork imports following the government’s order lowering tariffs on swine meat shipments that aims to stabilize the domestic supply and prices, the Department of Finance (DOF) said. In a report to Finance Secretary Carlos G. Dominguez III, the Customs...
The Duterte administration has completed its third foreign commercial borrowing this year. Screen Shot 2021-06-29 at 9.59.33 AM The national governm Screen Shot 2021-06-29 at 9.59.33 AM ent has raised $3 billion, equivalent to P146 billion, from a dual tranche offering of 10.5-year and 25-year...
SB Finance Corporation, a subsidiary of Security Bank Corporation, has partnered with e-commerce giant Lazada to provide Filipino marketplace sellers with multi-purpose loans of up to P500,000. In a statement, the firm said the loan is seen to help grow these businesses and encourage continued...
The finance and trade departments signed the implementing rules and regulations (IRR) of the corporate recovery and tax Incentives for enterprises (CREATE) law, the government’s largest fiscal stimulus package for businesses in the country’s history. Ahead of the July 10, 2021 deadline, Finance...
