Congress should immediately pass the two pending measures of the Duterte administration to help the pandemic-hit businesses that are mainly micro, small, and medium enterprises (MSMEs), the Department of Finance (DOF) said. Finance Assistant Secretary Antonio Joselito Lambino II said the Corporate...
The auction of the Bangko Sentral ng Pilipinas’ (BSP) 28-day BSP Bill remained oversubscribed with a liquidity-heavy market while its average rate stayed put where it was a week ago. On Friday, the third week of the one-month BSP security auction, the BSP offered P50 billion and received tenders...
The Bangko Sentral ng Pilipinas (BSP) which during the term of Gloria Macapagal-Arroyo had to publicly apologize for the infamous “Arrovo” banknotes said that this time, the alleged P1,000 bill with an incorrect spelling of President Duterte’s name on it is not one of their own. The P1,000...
The Department of Finance (DOF) assured that the government’s plan for the economy to recover from the coronavirus-induced global crisis covers an array of programs meant to help small businesses get back on their feet. In a statement, Finance Secretary Carlos G. Dominguez III said that...
The Bureau of the Treasury (BTr) fully awarded yesterday bids for treasury bills yesterday's auction. The three- and six-month notes and one-year papers fetched average rates of 1.121 percent, 1.601 percent and 1.858 percent, respectively. The auction was more than three-times oversubscribed...
The Bureau of Internal Revenue (BIR) assured lawmakers of its full support for the proposed measure allowing banks to dispose their bad loans and other non-performing assets (NPAs) through asset management companies. BIR Commissioner Caesar Dulay gave this assurance during a recent joint hearing of...
Of course it does. The question is how? Illustration from Freepik We’re living in a right-handed world. In fact, only 10 percent of the world’s population is left-handed. It’s true that we don’t normally mind left-handed folks. It’s not until we encounter that one left-handed desk at...
Rep. Bambol Tolentino National athletes and coaches might soon get their allowances in full once the House Bill No. 6953 or “Bayanihan Act 2” becomes a law. Philippine Olympic Committee (POC) president and Tagaytay City Congressman Bambol Tolentino said he included the said provision into the...
