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…
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…
The Philippines has made progress in promoting gender equality and women’s economic empowerment, but much work remains to be done.
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.
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…
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,…
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…
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…
Disdained by most people, inflation also helps promote certain benefits like increasing remittances by overseas Filipino workers to their families back home.
A lawmaker on has underscored the need to pass a legal framework for collective investment schemes (CIS) to make it easier and cheaper for working Filipinos to invest in legitimate securities. At the recent House Committee on Economic Affairs hearing, Albay Rep. Joey Salceda said investors need to shell out significant amounts of cash to make investments in “clunky”…
