BDO to young professionals: Start saving for retirement
Retirement may be the last thing on the minds of the young and employed. However, BDO Unibank advises them to start saving for it already to secure a more comfortable post-employment life.
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BPI revises upward PH 2023 GDP forecast
MANILA – Ayala-led The Bank of the Philippine Islands (BPI) has revised upward its growth projection for the Philippine economy this year to 6.3% percent from its previous 5% to 6% previously, after noting the higher-than-expected expansion in the first quarter. The country’s gross domestic product (GDP) rose by 6.4% year-on-year in the first quarter this year, higher than the 6.2% average growth projection, with risks coming from…
Economist: PH likely to hit 2023 economic growth target
Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort said the Philippines is likely to hit its 6-7% economic growth target this year despite the possible effects of the expected El Nino weather phenomenon. Ricafort said the 6% to 7% gross domestic product (GDP) expansion is possible amid easing year-on-year inflation that could help reduce the drag of higher prices…
Global Recession 2023: How Plan B helps secure a family’s financial future
MAY PLAN B KA NA BA? Life insurance provides families with financial security amid challenging economic times according to BDO Unibank SVP and chief investment officer Frederico Rafael “Fritz” D. Ocampo and BDO Life President and CEO Renato Vergel de Dios during a recent online seminar, “Life Insurance: Plan B against Economic Uncertainty” hosted by…
PH needs to empower more women consumers, entrepreneurs to drive economic growth
The Philippines has made progress in promoting gender equality and women’s economic empowerment, but much work remains to be done.
BDO Partners with Japan’s Hyakujushi Bank
BDO Unibank Inc. (BDO) signed a business alliance agreement through a memorandum of understanding (MOU) with The Hyakujushi Bank Ltd. (HBL), a leading regional bank based in Kagawa Prefecture. With 132 branches including satellite offices and commercial banking services, HBL is the 16th Japanese bank which has partnered with BDO.
Innovation pushed to boost agri logistics, lower food prices
Local food producers have proposed innovative ways to improve the overall system of transporting produce from the farm to the consumers to help reduce the retail prices of agricultural goods. Addressing the Philippine Chamber of Agriculture and Food, Inc. (PCAFI) press briefing Wednesday, Air21 founding chair Alberto Lina said it is possible to substantially reduce the prices of food if gaps in…
Biz groups to Congress: Spend con-con budget on priority projects
A number of business aggrupations has urged members of Congress and the national government to shift the budget for the proposed constitutional convention (con-con) to priority projects and measures that will better address the challenges confronting the country. In a joint statement, the Filipina CEO Circle, the Financial Executive Institute of the Philippines, Justice Reform Initiative, Makati Business Club, Philippine Women’s Economic Network,…
BSP to focus on addressing inflation as peso stabilizes
Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla has said that with the peso now stabilizing against the United States dollar, they will focus their attention in addressing the elevated inflation rate, which is expected to return to within-target levels by October 2023. Addressing the recent Chamber of Thrift Banks (CTB) general membership meeting in Makati, Medalla said monetary authorities are not worried…
Australian gov’t to help PH attract more infra investments
Through and under a scheme interestingly referred to as Partnerships for Infrastructure (P4I) program, the Australian government has committed to help the Philippines attract and lure investments in key infrastructure projects in the country. At the P4I launch in Pasay City last Friday, Australian Ambassador to the Philippines Hae Kyong Yu PSM said the program will provide infrastructure advisory support to the Philippine government especially in choosing what type…