The Global Finance Convention (GFC) is the premier flagship event organized by the Management of Financial Institutions Association (MaFIA) of De La Salle University–Manila. Now in its 10th year, MaFIA remains committed to sparking high-level discussions by providing a professional and...
The Securities and Exchange Commission (SEC) has penalized lending firm Nittan Capital Finance Inc. (NCFI) for failing to completely disclose to borrowers its charges, interest rates, amortization, and other fees prior to the signing of a loan agreement. In an order dated Feb. 13, the SEC’s...
The ongoing conflict has created economic shockwaves, leaving the oil supply hanging in the balance and price pressures threatening our collective affordability. Yes Virginia, there’s no stopping inflation from rearing its ugly head. It could stay with us indefinitely depending on the resolution...
A Senate panel on Wednesday, March 11, approved "in principle" the proposals that would grant President Marcos powers to either suspend or reduce excise tax on fuel amid rising fuel costs. "In principle, the members who attended are supportive of the main principle of the bill, which is to give...
The Securities and Exchange Commission (SEC) ordered Digido Finance Corp. to permanently stop its financing activities after finding that the firm continued operations despite the revocation of its corporate registration and secondary license last year. In a Feb. 18 order, the SEC’s Financing and...
Manila Mayor Francisco "Isko Moreno" Domagoso announced the city government 's successful purchase of the land for the soon-to-be-built brand new Ospital ng Tondo on Tuesday, Feb. 24, as part of its ongoing efforts in ensuring the Minimum Basic Needs (MBN) of Manileños. Domagoso had earlier...
Who knew that helping a friend find her way to a finance job application on Mabini Street could launch a long-term career in fiscal management? For Maria Teresa Habitan, that chance act was the first of many “happy accidents” that would shape her rise to veteran status. Habitan first stepped...
Nomura Holdings Inc. warned that the Philippines’ credit rating outlook faces a potential downgrade to “negative” if lingering corruption scandal involving flood control funds remains unresolved, threatening to derail the country’s progress toward an “A” grade rating. In a monthly...
President Marcos Jr.’s chief economic manager is upbeat over government revenue collection in 2026, as the Bureau of Customs (BOC) moved to bolster its policy and intelligence-driven decision-making with the creation of a new strategic unit under the chief’s first order of the year. Department...
Finance Secretary Frederick D. Go assumed his seat on the Bangko Sentral ng Pilipinas’ (BSP) policy-making Monetary Board on Thursday, Jan. 8. Go, who was designated by President Ferdinand Marcos Jr. as the Cabinet representative to the board, was sworn in by BSP Governor Eli Remolona Jr. at the...
The Washington-based multilateral lender International Monetary Fund (IMF) sees the narrowing of Philippine debt relative to the size of the economy being delayed until it reaches 60 percent, with the proposed revenue-generating general tax amnesty (GTA) among the measures seen as offering limited...
The government is moving to curtail the power of tax investigators to conduct audits, part of an aggressive push to curb bureaucratic overreach and improve the business climate for the private sector. Finance Secretary Frederick Go told reporters the Department of Finance (DOF) is “seriously”...
