Tighter capital rules for smaller banks
THE CENTRAL BANK on Wednesday said it would tighten capital requirements on smaller standalone lenders, consistent with international standards that would let these financial institutions continue absorbing losses.
China’s POGO crackdown, coronavirus may dampen PHL office space demand
THE CONTINUED global spread of the coronavirus disease 2019 (COVID-19), coupled with the Chinese government’s crackdown on its citizens employed by Philippine Offshore Gaming Operators (POGO), may dampen office space demand in the country this year.
Domestic commodity flows contract in Q4
LOCALLY TRADED GOODS declined in the fourth quarter of 2019, the government reported yesterday.
Some prepare for bear market as local stocks sink
PHILIPPINE equities sank the most in four years, and some analysts are already watching out for a bear market.
Bulacan airport gets DoJ go signal
THE P734-billion Bulacan international airport project is now one step closer to implementation, after securing the go signal from the Office of the Solicitor General (OSG) and the Department of Justice (DoJ), according to an official of the Department of Transportation (DoTr).
Pernia sees 2020 economic growth hitting low-end of target
SOCIOECONOMIC Planning Secretary Ernesto M. Pernia remained confident that the Philippine economy will rebound and hit the low-end of the government’s 6.5-7.5% target, despite the downside risks arising from the ongoing coronavirus disease 2019 (COVID-19) outbreak and last month’s Taal Volcano eruption.
Legal weapon that ousted top judge now used against critical media
PRESIDENT Rodrigo R. Duterte’s chief government lawyer is seeking to shutter a media giant critical of the tough-talking leader by using a legal weapon he once used to remove a chief justice two years ago.
AMLC, PAGCOR keep close eye on dirty money risks from POGOs
THE ANTI-MONEY Laundering Council (AMLC) and the Philippine Amusement and Gaming Corp. (PAGCOR) have been monitoring dirty money risks from Philippine Offshore Gaming Operators (POGOs) through risk and on-site assessments as part of their signed memorandum of agreement, AMLC Executive Director Mel Georgie B. Racela said.
DoTr eyes changes in proposed NAIA rehab
THE GOVERNMENT has raised concerns over portions of the concession agreement drafted by the “super consortium” that is proposing to rehabilitate the Ninoy Aquino International Airport (NAIA).
ABS-CBN may operate sans franchise with congressional nod
A BROADCASTING giant critical of President Rodrigo R. Duterte may continue operating pending its application for a franchise renewal, the Justice department told senators on Monday.
Honda PHL worried over possible safeguard duties — Lopez
HONDA CARS Philippines, Inc. (HCPI) has expressed apprehension on possible safeguard duties on imported vehicles, Trade Secretary Ramon M. Lopez said after a meeting with company officials on Monday.
IMF maintains Philippine growth forecast for now
THE International Monetary Fund (IMF) is so far maintaining its Philippine growth forecast for this year, despite slashing its growth outlook for the world and China as the global spread of the coronavirus disease 2019 (COVID-19) continues to disrupt economic activity.