Technology investor briefs senators on potential foreign investment deal-breakers in legal system

AN Israeli tech investor said a country’s legal system is a major consideration in attracting foreign investment, and urged legislators to reform the tax system and investment regulations.

DBM releases P5.2 billion for cash transfer program

THE Department of Budget and Management (DBM) said on Tuesday that it released P5.2 billion to fund cash transfers for 9.8 million beneficiaries.

S&P sees slower PHL growth in 2023

S&P GLOBAL RATINGS revised its Philippine economic growth forecast upwards to 7.1% this year, but sees slower growth in 2023 due to the impact of higher interest rates and elevated inflation.

BSP to keep capital requirement for rural banks unchanged

THE BANGKO SENTRAL ng Pilipinas (BSP) will not raise the minimum capital requirements for rural banks in the next three to five years while the Rural Bank Strengthening Program (RBSP) is being implemented.

Wholesale prices rise 8.2% in September

WHOLESALE PRICES of general goods picked up in September, reflecting possible second-round effects from inflation, and the peso depreciation against the US dollar.

ILO: Philippines has potential to boost jobs in manufacturing sector

THE PHILIPPINES has the potential to increase jobs in the manufacturing sector as the economy recovers from the coronavirus pandemic, the International Labour Organization (ILO) said on Monday.

Stocks climb on bargain hunting ahead of data

PHILIPPINE SHARES ended in the green on Monday, testing resistance levels, on bargain hunting ahead of key US economic data.

Peso up on easing oil prices

THE PESO strengthened versus the dollar on Monday after global oil prices eased, erasing all gains posted since the start of the Russia-Ukraine war.

Investigation looms after six power plants declare outages

THE Department of Energy (DoE) called on the Energy Regulatory Commission to investigate the forced outages or limited production at six power plants which caused yellow alerts, and, briefly, a red alert, to be raised over the Luzon grid on Monday.  

LANDBANK exploring financing deal for New Clark City gov’t facilities

THE Land Bank of the Philippines (LANDBANK) and the New Clark Government Center Corp. (NGCC) are exploring a financing deal to support the construction of new government buildings in New Clark City in Tarlac.

Romualdez files bill creating sovereign wealth fund

SPEAKER Ferdinand Martin G. Romualdez has filed a bill that, if passed, would create a sovereign wealth fund to be seeded by the major pension funds and government banks.

ADB touts microfinance role in building resilience vs climate change

MICROFINANCE institutions (MFIs) should be tapped in helping build resilience against climate change, especially for poorer and more vulnerable communities, according to the Asian Development Bank (ADB).
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