World News
LANDBANK disburses P2.2B in loans to rice farmers by end-July
Courtesy: Land Bank of the Philippines LAND BANK of the Philippines (LANDBANK) said that it released loans worth P2.2 billion to 13,701 rice farmers and cooperatives in the seven months to July. In a statement Sunday, the…
Read More »What’s next for digital banking in the country
FREEPIK By Abigail Marie P. Yraola, Researcher DIGITAL BANKING in the Philippines is set to revolutionize the country’s financial sector as consumer demand rises, financial institutions adopt new technologies, and the government supports these advancements. The Philippines is one of fastest-growing economies in Southeast Asia, but its banking penetration rate…
Read More »SEC names more entities for investors to avoid
THE Securities and Exchange Commission (SEC) cautioned the public against investing in three more entities, which it deemed unauthorized to solicit investments. In three separate advisories posted on its website, the SEC warned about Moo Farm, Ayn…
Read More »PBBM’s defining moment
By Calixto V. Chikiamco PHILIPPINE STAR /KRIZ JOHN ROSALES President Ferdinand “Bongbong” Marcos Jr. may be facing a defining moment in his presidency: the fight against inflation. Whether he succeeds or fails in the fight…
Read More »Milan Fashion Week: All black and white at D&G while checkerboard reigns at Versace
1 of 5 MILAN — Italian luxury label Dolce & Gabbana (D&G) presented a mainly black and white collection at Milan Fashion Week on Saturday, deconstructing tuxedos to present an array of dresses and suits for women…
Read More »Big banks post slower asset, loan growth in Q2
By Bernadette Therese M. Gadon, Researcher THE PHILIPPINES’ largest banks saw asset and loan growth ease in the second quarter, reflecting the impact of high interest rates and a slowing economy. BusinessWorld’s latest quarterly banking report showed the combined assets of 45 universal and commercial banks (U/KBs) jumped by 8.76%…
Read More »SEC identifies qualified projects for ‘blue bonds’
PROJECTS and activities to be funded via the issuance of “blue bonds” should support specific items under the United Nations Sustainable Development Goals (UN SDGs), the corporate regulator said. In newly released guidelines, the Securities and Exchange…
Read More »Upside risks may prompt BSP to tighten policy in Q4
A woman attends to her child as she shops at a public market in Manila, Philippines, Oct. 21, 2022. — REUTERS/LISA MARIE DAVID By Keisha B. Ta-asan, Reporter SUPPLY SHOCKS to inflation and a weaker peso against…
Read More »PHL to launch dollar RTB offer this week
REUTERS THE GOVERNMENT is planning to launch US dollar-denominated retail Treasury bonds (RTB) on Tuesday, Finance Secretary Benjamin E. Diokno said. “We will launch the Retail Dollar Bonds 2 on Sept. 26,” Mr. Diokno said in a…
Read More »Budget deficit widens in August
PHILIPPINE STAR/RUSSELL PALMA By Luisa Maria Jacinta C. Jocson, Reporter THE NATIONAL Government’s (NG) budget deficit widened to P133 billion in August as revenues declined, data from the Department of Finance (DoF) showed. The fiscal gap ballooned…
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High inflation, rate hike pause, economic slowdowns sway markets in Q2
ADAM SMIGIELSKI-UNSPLASH By Mariedel Irish U. Catilogo, Researcher SOFTER global economic growth, high inflation, …
