A group of health advocates urged the government to be transparent and efficient in spending the P205.8 billion health budget during the first-year implementation of the Universal Health Care (UHC) Act. In a statement, the UHC Watch called on civil society to be vigilant and actively...
Universal Robina Corporation (URC) reported a 15 percent improvement in net income to P11.6 billion last year, driven by growth in operating income, lower debt and interest expenses, and lower foreign exchange losses. In a disclosure to the Philippine Stock Exchange, the firm said its net sales for...
BTS performing at their 'Map of the Soul ON:E' concert (Big Hit) Leading K-pop agencies Big Hit Entertainment and YG Entertainment, Universal Music Group (UMG) and Kiswe are partnering to launch a digital live streaming platform. Big Hit Entertainment announced that YG and UMG will invest in KBYK...
Bey greets the new year with her debut single "Crash Landing" - inspired by one of the most-talked about KDramas in 2020. The song is about hoping for one's own Captain Ri - the person that you’ve always dreamed of, someone who will be there to stand by your side despite all the obstacles. ...
The Bangko Sentral ng Pilipinas (BSP) is proposing the creation of an Open Finance Oversight Committee (OFOC), an industry-led self-governing body, as part of the country’s open finance framework. BSP Governor Benjamin E. Diokno ( Bloomberg file photo) Based on the draft circular on open finance,...
With weak demand and risk-aversion, big banks’ lending growth further slowed down to 1.9 percent in October from 2.6 percent in September, based on Bangko Sentral ng Pilipinas (BSP) data. Domestic liquidity (M3) or the amount of money supply circulating in the financial system, in the meantime,...
A tripartite agreement was signed today for the private sector donation to the government of 3-million dosage of COVID-19 vaccine, estimated to cost P700 million. The agreement “Angat Lahat: A Dose of Hope” was signed today by Presidential Adviser for Entrepreneurship and Nego Negosyo...
Gokongwei-led JG Summit Holdings, Inc. (JGS) reported an improvement in earnings for the third quarter of the year compared to the first half as the Philippine economy progressively opens up despite the COVID-19 pandemic. In a disclosure to the Philippine Stock Exchange, the firm...
With banks’ higher provisioning requirements, the industry continue to have lower cumulative net profits as of end-September of P126.78 billion, down 25.93 percent from same period last year of P171.16 billion, based on Bangko Sentral ng Pilipinas (BSP) data. The pandemic-hit banking system...
Universal Robina Corporation’s (URC) subsidiary in Thailand has been named as among the “Best Companies to Work for in Asia” by HR Asia, regarded as an authoritative regional publisher on human resources. Matthew Dy, HR Director of URC (Thailand) Co., Ltd. receives the award from...
The banking sector’s trust holdings declined by 7.79 percent in the first quarter this year to P2.449 trillion from P2.656 trillion same time in 2019, data from the Bangko Sentral ng Pilipinas (BSP) said. The big banks or the universal and commercial banks accounted for P2.425 trillion of the...
Finance and health officials from across Asia and the Pacific stressed the importance of universal health coverage (UHC) and the need for stronger collaboration to mobilize healthcare financing, the Asian Development Bank (ADB) said. At the joint ministers of finance and health symposium on UHC in...
