The World Bank said the Philippine government’s debt load remains manageable despite recent acceleration amid the prolonged pandemic. Even it has ballooned, Kevin Chua, World Bank senior economist noted that the government’s debts are mostly held by Filipino creditors, long-dated IOUs and...
The national government incurred more loans in January, bringing its debt above the P12-trillion mark for the first time, as the Philippines bogged down by prolonged Covid-19 pandemic. The Bureau of Treasury reported on Friday, March 4, that the government’s outstanding debt stood at P12.03...
State-run Home Development Mutual Fund, commonly known as Pag-IBIG Fund, is banking on the country’s economic recovery in bringing down its soured loans to single-digit within one year. Acmad Rizaldy P. Moti, Pag-IBIG Fund chief executive officer, said the company’s non-performing loan (NPL)...
Big banks in the country remained well-capitalized despite the prolonged pandemic-induced crisis, the Bangko Sentral ng Pilipinas (BSP) said. BSP Governor Benjamin E. Diokno said that big banks’ capital adequacy ratio (CAR), a measure of lenders’ solvency, improved to 17.6 percent in the first...
Just be careful, and wear your face shields. (Photos from Malacañang, Unsplash) President Duterte gave these reminders to Filipinos as he appeared to acknowledge more and more the rapidly increasing coronavirus disease (COVID-19) figures in the country. "Let me just also give my own take. Simply...
The Golden Ellipse, marrying ancient and modern With its divine proportions, the case of the Golden Ellipse, launched in 1968, has, no doubt, inspired one of the most beautiful chapters of horological history. All thanks to its unique blend of bold simplicity and formal purity, this watch has...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno is not ruling out more cuts to banks’ reserve requirement ratio (RRR) this year that would flood more money supply or liquidity sloshing around the financial system. “Further cuts on the RRR remain on the table but it could depend on...
The national government’s debt ratio soared following its record budget deficit incurred last year due to unprecedented borrowings for the country’s coronavirus response, data from the Department of Finance (DOF) revealed. Finance Undersecretary Gil S. Beltran said on Sunday, March 21, that 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...
Coca-Cola Philippines said it is on track to achieve its energy efficiency goals throughout its operations, with 65 percent of its total energy consumption in its domestic operations being ourced from renewable energy. In 2010, Coca-Cola set out to reduce the carbon footprint of “the drink in...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said they will consider the possibility of further relaxing and reducing the minimum liquidity ratio (MLR) of thrift banks from the current 16 percent. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno ( Bloomberg ) “We...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said they will consider the possibility of further relaxing and reducing the minimum liquidity ratio (MLR) of thrift banks from the current 16 percent. “We will reassess this level based on prevailing market conditions as well as...
