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”…
The Securities and Exchange Commission (SEC) has opted to grant corporations and other regulated business entities an amnesty on the late and non-filing of certain reportorial requirements. On March 15 SEC issued its Memorandum Circular No. 2, Series of 2023, or the Grant of Amnesty for Non-filing and Late Filing of the General Information Sheet…
For an investment instrument as volatile as stocks, is it still possible to predict how stock prices will move at a given time?
A total of P1.2 billion will fund various government programs to boost micro, small, and medium enterprises (MSMEs) under the 2023 General Appropriations Act (GAA). These programs are part of the MSME Development Plan and other initiatives of the Department of Trade and Industry (DTI) to promote the growth of MSMEs; establishment of Negosyo Centers;…
In Photo (From Right to Left): Siddiq Bazarwala, CEO of Alpha Southeast Asia, awarded Eduardo V. Francisco, President of BDO Capital, the Best Local Currency Bond Deal of the Year for SMC Global Power Holdings Corporation’s corporate bonds issued in the Philippines in 2022. BDO Capital also won the Best Green Bonds of the Year for ACEN Corporation…
The Philippine pavilion officially opened at Gulfood 2023 at the Dubai World Trade Center in Dubai, United Arab Emirates (UAE) on February 20. The Philippine participation in Gulfood led by the Center for International Trade Expositions and Missions (CITEM) is complemented by the Outbound Business Matching Mission (OBMM) to the Gulf Cooperation Council (GCC) countries organized by the Department of Trade and Industry (DTI), through the Export Marketing Bureau (EMB) and the Philippine Trade and Investment Center (PTIC)-Dubai.
Pag-IBIG Fund members continue to show preference in the MP2 Savings program in 2022 as total savings reached nearly P40 billion, setting yet a new record-high for the amount saved voluntarily by members under the program in a year, its top officials said Monday (27 February).
