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...
