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Tag: Karl Angelo N. Vidal
THE GOVERNMENT posted its first fiscal surplus in nine months in January, according to latest official data the Bureau of the Treasury released on Monday, with a drop in state spending blamed on delayed enactment of 2019’s P3.757-trillion national budget.
OFFICIALS are set to meet with the Chinese government this week to discuss infrastructure projects under the Build, Build, Build program.
RATES OF THE Treasury bills (T-bill) on offer today will likely move sideways with an upward bias amid tepid demand for the short-term securities following the recent retail Treasury bond (RTB) sale.
THE SOCIAL Security System (SSS) has started to accept applications for the condonation of penalties on delinquent contributions following the passage of its amended charter.
MONEY SENT HOME by Filipinos working abroad grew at the fastest clip in three months as this year began, even as the latest amount was less than December’s record-high inflows, according to data the central bank released on Friday.
THE Department of Budget and Management (DBM) has recommended that President Rodrigo R. Duterte amend an executive order (EO) increasing government workers’ salaries, amid the 2019 national budget impasse.
SLOWING growth of remittances from Filipinos abroad is not likely to cause a significant dent in overall economic expansion, although it will make the peso “more vulnerable to sudden shifts in global risk appetite” through a widening current account deficit, Capital Economics said in a March 14 note.
FOREIGN portfolio investments -- referred to also as “hot money” for the ease by which these funds enter and leave the economy at the slightest stimulus -- turned around in February from a year ago on the back of sustained “investor optimism” even as they were more than halved from January, according to latest data which the Bangko Sentral ng Pilipinas (BSP) released on Thursday.
METROPOLITAN BANK & Trust Co. (Metrobank) is set to absorb its wholly owned credit card subsidiary in a bid to improve synergy and increase profitability.
THE Department of Finance (DoF) said the 4.4% drop in foreign direct investment (FDI) net inflows in 2018 is temporary due to uncertain global economic conditions, with the Philippines poised to implement reforms that will improve the investment environment.
THE GOVERNMENT made a full award of reissued 10-year Treasury bonds (T-bond) on Tuesday as the average yield plunged on the back of easing inflation expectations.
RIZAL COMMERCIAL Banking Corp. (RCBC) filed a defamation lawsuit against the Bank of Bangladesh (Bangladesh Bank) at a lower court in connection with the $81-million cyber heist in February 2016.
THE PESO is expected to move sideways against the dollar this week as weaker-than-expected labor data may offset negative sentiment due to increasing signs of slowing global growth.
A CRISIS MANAGEMENT and security consulting firm said the preparedness of the Philippine banking sector in dealing with cyber threats is “quickly changing” even as financial institutions remain the most vulnerable to these attacks.
NATIONAL GOVERNMENT infrastructure and other capital outlays exceeded the 2018 program, driven by road and bridge networks, flood control projects and military modernization among others, despite a drop in December, the Department of Budget and Management (DBM) reported on Wednesday.
THE COUNTRY’S financial sector awaits clear cues from newly appointed Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno, with expectations that his outsider view will make monetary policy more supportive of the state’s growth goals by way of lower interest rates.
PRESIDENT Rodrigo R. Duterte has chosen Budget Secretary Benjamin E. Diokno to replace the late Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla, Jr., who died of cancer last Feb. 23, top administration officials announced on Monday night.
THE CONTRIBUTION RATE increase of the Social Security System (SSS) is expected to be implemented within the first half of the year once the implementing rules and regulations (IRR) of the pension fund’s newly amended charter are finalized.
RATES OF Treasury bills (T-bill) on offer today will likely end mixed as market players await the final result of the retail Treasury bond (RTB) sale.