‘Emerging’ cities to help drive property market recovery
BUSINESS DISTRICTS outside the capital could help drive post-pandemic growth of the Philippine property market, analysts from real estate services firms said.
More gov’t financial support sought for sectors most badly hit by pandemic
THE government is being urged to provide more financial support across sectors and to ramp up infrastructure investments to help the pandemic-battered economy recover faster.
PHL firms feel chip shortage pinch
THE GLOBAL SHORTAGE of semiconductor chips has caused supply chain constraints among local electronics manufacturers, forcing them to take on higher costs to fulfill client orders.
NPL ratio could breach 5% by end-2021 —BSP
THE BANKING INDUSTRY’S nonperforming loan (NPL) ratio may go beyond 5% by the end of this year, a Bangko Sentral ng Pilipinas (BSP) official said.
Minority stakeholders can now call for special meeting
SHAREHOLDERS who own at least 10% of a publicly listed company’s outstanding capital stock for at least a year can call for a special stockholders’ meeting, according to new guidelines issued by the Securities and Exchange Commission (SEC).
Philippines’ BBB+ rating affirmed
By Beatrice M. Laforga, Reporter
Japan-based Rating and Investment Information, Inc. (R&I) has kept its BBB+ credit rating with a stable outlook for the Philippines, citing the country’s robust...
BoI approves P2.8-B investments
The Board of Investments (BoI) on Friday said it had approved one renewable energy and two agriculture projects worth P2.8 billion in the Philippines.
In...
BSP raises P90B from bill auction
By Beatrice M. Laforga, Reporter
The Bangko Sentral ng Pilipinas (BSP) fully awarded the short-term securities it offered on Friday as rates declined after the government’s recent euro bond...
PHL raises P122B from euro bond sale
THE Philippine government raised €2.1 billion (P122.4 billion) from a triple-tranche offering of euro-denominated bonds, the Bureau of the Treasury (BTr) reported.
Banks keep stricter credit standards in Q1
MOST BANKS maintained stringent lending standards in the first quarter, but there are signs these may be further tightened due to the uncertain economic outlook, a survey by the Bangko Sentral ng Pilipinas (BSP) showed.
Monetary policy remains appropriate — Diokno
THE Bangko Sentral ng Pilipinas’ (BSP) accommodative monetary policy stance remains appropriate to support the economy’s recovery, officials said, vowing to keep a close eye on inflation.
Palace appoints Chua as NEDA secretary
PRESIDENT Rodrigo R. Duterte has officially appointed Karl Kendrick T. Chua as Socioeconomic Planning secretary and director-general of the National Economic and Development Authority (NEDA), after a year of holding the positions in an acting capacity.