Tag page - non performing assets

A senator-turned-deputy Speaker in the House of Representatives has advised the government on how to go about its reported plan to sell off its NPAs, or non-performing assets. Deputy Speaker Ralph Recto (Facebook) According to Batangas 6th district Rep. Ralph Recto, the privatization process of...

The enactment of the Financial Institutions Strategic Transfer (FIST) law, which is expected to free up over P1 trillion worth of banks’ soured loans and non-performing assets and assist 600,000 micro, small and medium enterprises (MSMEs), will ensure the stability of the local financial system...

The Securities and Exchange Commission (SEC) is seeking public comments for the draft Implementing Rules and Regulations (IRR) of Republic Act No. 11523 or the Financial Institutions Strategic Transfer (FIST) Act, a critical economic measure in the Philippines’ economic recovery. In a...