Personal Finance & Business News
BSP bats for hike in rural banks' capital (Aug. 30)
The Bangko Sentral ng Pilipinas (BSP) is proposing an increase in the minimum capital required for rural banks.
For DOF exec, banks’ excuse not acceptable (Aug. 29)
Finance Secretary Cesar Purisima has found it unacceptable for banks to lend money even to those considered to be delinquent in their payment of taxes.
BPI pursues expansion in Europe (Aug. 29)
The Bank of the Philippine Islands, one of the biggest banking channels for overseas Filipino remittances will proceed with expansion plans in the European Union despite feeling the pinch from the recent fiscal crisis in the region.
GSIS, DepEd sign accord on public teachers' concerns (Aug. 29)
The Government Service Insurance System (GSIS), the state-run pension fund for public employees, and the Department of Education (DepEd) have agreed to address the concerns of public school teachers through a memorandum of understanding during the first wave of dialogue between the two agencies.
Benefits of strong GDP growth have not trickled down to the grassroots (Aug. 29)
The economy’s stronger-than-expected economic growth of 7.9 percent in the second quarter of the year has not trickled down to the grassroots, according to the non-government think-tank and research group IBON.
Legacy owner insists on transfer to St. Luke’s (Aug. 28)
Businessman Celso G. de los Angeles Jr. On Friday pleaded innocent to yet another charge he duped thousands of banking clients of hundreds of millions of pesos through false representation and promises.
August inflation seen at 3.6%-4.5% (Aug. 28)
The Bangko Sentral ng Pilipinas (BSP) sees inflation at 3.6 percent to 4.5 percent for the month of August despite the surprising and stronger-than-expected gross domestic product (GDP) growth in the first half of the year.
DTI names electronics among top priority sectors (Aug. 28)
The Department of Trade and Industry (DTI) named the electronics industry as one of its top priority industries and promised to bring back the $1-billion investments the country enjoyed during the industry’s prime in 2007.
RP economy grows by 7.9% (Aug. 27)
The Philippine economy as measured by the gross domestic product (GDP) grew by a sizzling 7.9 percent year-on-year in the second quarter, partly due to the frenzy of election spending and stronger exports, the National Statistical Coordination Board (NSCB) said.
RP businesses most bullish in Asia-Pacific (Aug. 26)
MOST SMALL and medium enterprises in the Philippines are upbeat on domestic business prospects, resulting in a potential expansion in capital spending and hiring of more employees, according to separate survey results released yesterday by two multinational firms.
Despite scam involving Citibank official - Banking system remains stable (Aug. 26)
The Bangko Sentral ng Pilipinas (BSP) has given its assurance that the country’s banking system remains sound and stable despite the discovery of what appears to be a scam involving a former officer of American banking giant Citibank NA who allegedly duped rich Chinese-Filipino clients in Binondo of hundreds of millions of pesos.
Peso expected to further strengthen in Q4 (Aug. 25)
PRIVATE ENTERPRISES expect the peso to appreciate further in the fourth quarter amid projections of sustained increase in dollar inflow to the Philippines.
Flour prices to rise in October and December, say millers (Aug. 25)
After instituting a P60 per bag price increase in flour this month, the Philippine Association of Flour Millers (PAFMIL) announced that there will be two more increases in flour prices this year.e
More firms plan to expand workforce this year (Aug. 23)
More jobs may be available for Filipinos in the fourth quarter as the employment index, a key indicator of the plans of companies to hire additional workers, has hit an all-time high.
Multinationals mull transfer to RP (Aug. 23)
Foreign multinational companies are now considering transferring to the Philippines from China as labor costs here are very competitive, the Board of Investments (BOI) said.
Missing bank exec had taste for high life, ‘new shiny things’ (Aug. 22)
THE BANK OFFICIAL reported to have made off with at least P300 million in deposits of mostly Chinese-Filipino clients is said to enjoy the high life.
Government eyes tax payments of licensed professionals (Aug. 22)
The Department of Finance and the Bureau of Internal Revenue (BIR) are drawing up a list of all licensed professionals to find out who among them are paying the right taxes.
Most college grads fail board exams (Aug. 21)
Most college graduates in the country fail to pass licensure examinations, the Professional Regulation Commission (PRC) reported.
Internet-savvy Aquino goes online to fight corruption (Aug. 20)
If you want President Benigno Aquino III to see your Facebook message or your tweet, make sure it has more relevance than just a request for you to be added as his friend, or as a critic of his receding hairline.
Petron starts selling cheaper gasoline product (Aug. 20)
Petron Corp., the country’s leading oil company now majority-owned by diversified conglomerate San Miguel Corp., will start selling today a gasoline product P3 per liter cheaper than regular gasoline.
De los Angeles in Ormoc jail (Aug. 20)
Legacy group founder Celso de los Angeles was transferred on Thursday to a jail compound in Ormoc City to face the nonbailable charge of syndicated estafa (fraud) filed by the Bangko Sentral ng Pilipinas (BSP).
Business confidence at all-time high - poll (Aug. 20)
Business confidence for the fourth quarter has hit an all-time high on the back of higher-than-anticipated economic growth, stronger peso, robust overseas remittances, benign inflation, strong export earnings, and smooth transition of political power.
Negosyo fever is up! (Aug. 19)
It seems the negosyo fever is still rising. Our Go Negosyo books are hitting all time high sales. The calls for Negosyo seminars (Negosems), which our foundation have been receiving, have been unprecedentedly strong.
Pag-IBIG offers relief for members (Aug. 19)
MEMBERS OF the Pag-IBIG Fund who missed out on the monthly payments for their housing loans have until Sept. 30 to avail of the agency’s latest loan restructuring and penalty condonation program.
Gov’t raised P97B from sale of retail T-bonds (Aug. 17)
THE BUREAU of the Treasury raised P97 billion from the latest issuance of retail treasury bonds, the public offering of which ended Tuesday.
Davao, Sta. Rosa head list of 10 'next wave cities' (Aug. 17)
The Business Processing Association of the Philippines (BPAP), Commission on Information and Communications Technology (CICT) and Department of Trade and Industry (DTI) have identified 10 “next wave cities” nationwide in terms of their potential as information technology-business process outsourcing (IT-BPO) hubs.
Smart taps ARFPP for financial literacy (Aug. 17)
Smart Communications Inc. (SMART) has tapped the Association of Registered Financial Planners in the Philippines (ARFPP) to give partner communities free financial literacy and management training under its Smart A.K.O. (Angat Komunidad at Organisasyon) program.
Remittances hit all-time high in June (Aug. 16)
REMITTANCES reached an all-time high in June, thanks to global economic recovery that fueled an increase in employment opportunities and to sustained demand specifically for Filipino workers.
High healthcare costs burden most Filipinos, says NSCB (Aug. 15)
The high cost of health care in the country remains a burden for many Filipinos as seen in the decelerating growth rates of their health spending.
Nestlé helps Filipinos lead healthier lives (Aug. 15)
Nestle Philippines Inc., the local subsidiary of 144-year-old Swiss company Nestlé S.A., claims to be a top authority when it comes to health and nutrition, and its top-selling chocolate, milk, yogurt and cereal products help back up its assertion.
Bank borrowers enjoy lower rates - BSP (Aug. 14)
Bank borrowers continued to enjoy lower rates as the accommodative policy stance of the Bangko Sentral ng Pilipinas (BSP) provided support to the economy and the favorable inflation outlook as well as well-cemented inflation expectations.
BDO acquisition of EIB on track, says bank official (Aug. 13)
The acquisition by Banco de Oro Unibank Inc. (BDO) of Export and Industry Bank (EIB) remains on track with “just a few conditions still to be met” as required by the Bangko Sentral ng Pilipinas (BSP).
Business Groups back Noy Cabinet (Aug. 11)
The business community yesterday expressed its full support for President Aquino and his Cabinet officials, saying they were making sacrifices to serve the people.
BPI on growth mode, scouting for acquisition targets (Aug. 11)
AYALA-LED BANK of the Philippine Islands, the country’s most valuable bank, plans to scale up business over the next five years by growing its loan portfolio while scouting for merger and acquisition deals.
Gov’t development plan thrust still on jobs, infra work (Aug. 11)
THE NEW Medium-Term Philippine Development Plan that will replace the one expiring this year will continue to focus on job generation and increased investment in infrastructure to provide safety nets for those who barely benefit from the country’s growth.
Pag-IBIG lends P22.7 billion for housing program in first half (Aug. 11)
The Home Development Mutual Fund (Pag-IBIG Fund), the biggest financier of the government’s housing program, announced that it has released a total of P22.7 billion under its shelter financing programs for January to June 2010.
Exports soar 33.4% to $4.55 billion in June (Aug. 11)
Merchandise exports continued to post double-digit growth in June, although slower than the previous month’s rise.
Sunlife Financial unfurls financial literacy campaign (Aug. 10)
Only 14 percent of the country’s population has insurance protection, and a large segment of those without protection are unaware of how to manage their finances.
BSP bats for hike in rural banks' capital (Aug. 30)
The Bangko Sentral ng Pilipinas (BSP) is proposing an increase in the minimum capital required for rural banks.
For DOF exec, banks’ excuse not acceptable (Aug. 29)
Finance Secretary Cesar Purisima has found it unacceptable for banks to lend money even to those considered to be delinquent in their payment of taxes.
BPI pursues expansion in Europe (Aug. 29)
The Bank of the Philippine Islands, one of the biggest banking channels for overseas Filipino remittances will proceed with expansion plans in the European Union despite feeling the pinch from the recent fiscal crisis in the region.
GSIS, DepEd sign accord on public teachers' concerns (Aug. 29)
The Government Service Insurance System (GSIS), the state-run pension fund for public employees, and the Department of Education (DepEd) have agreed to address the concerns of public school teachers through a memorandum of understanding during the first wave of dialogue between the two agencies.
Benefits of strong GDP growth have not trickled down to the grassroots (Aug. 29)
The economy’s stronger-than-expected economic growth of 7.9 percent in the second quarter of the year has not trickled down to the grassroots, according to the non-government think-tank and research group IBON.
Legacy owner insists on transfer to St. Luke’s (Aug. 28)
Businessman Celso G. de los Angeles Jr. On Friday pleaded innocent to yet another charge he duped thousands of banking clients of hundreds of millions of pesos through false representation and promises.
August inflation seen at 3.6%-4.5% (Aug. 28)
The Bangko Sentral ng Pilipinas (BSP) sees inflation at 3.6 percent to 4.5 percent for the month of August despite the surprising and stronger-than-expected gross domestic product (GDP) growth in the first half of the year.
DTI names electronics among top priority sectors (Aug. 28)
The Department of Trade and Industry (DTI) named the electronics industry as one of its top priority industries and promised to bring back the $1-billion investments the country enjoyed during the industry’s prime in 2007.
RP economy grows by 7.9% (Aug. 27)
The Philippine economy as measured by the gross domestic product (GDP) grew by a sizzling 7.9 percent year-on-year in the second quarter, partly due to the frenzy of election spending and stronger exports, the National Statistical Coordination Board (NSCB) said.
RP businesses most bullish in Asia-Pacific (Aug. 26)
MOST SMALL and medium enterprises in the Philippines are upbeat on domestic business prospects, resulting in a potential expansion in capital spending and hiring of more employees, according to separate survey results released yesterday by two multinational firms.
Despite scam involving Citibank official - Banking system remains stable (Aug. 26)
The Bangko Sentral ng Pilipinas (BSP) has given its assurance that the country’s banking system remains sound and stable despite the discovery of what appears to be a scam involving a former officer of American banking giant Citibank NA who allegedly duped rich Chinese-Filipino clients in Binondo of hundreds of millions of pesos.
Peso expected to further strengthen in Q4 (Aug. 25)
PRIVATE ENTERPRISES expect the peso to appreciate further in the fourth quarter amid projections of sustained increase in dollar inflow to the Philippines.
Flour prices to rise in October and December, say millers (Aug. 25)
After instituting a P60 per bag price increase in flour this month, the Philippine Association of Flour Millers (PAFMIL) announced that there will be two more increases in flour prices this year.e
More firms plan to expand workforce this year (Aug. 23)
More jobs may be available for Filipinos in the fourth quarter as the employment index, a key indicator of the plans of companies to hire additional workers, has hit an all-time high.
Multinationals mull transfer to RP (Aug. 23)
Foreign multinational companies are now considering transferring to the Philippines from China as labor costs here are very competitive, the Board of Investments (BOI) said.
Missing bank exec had taste for high life, ‘new shiny things’ (Aug. 22)
THE BANK OFFICIAL reported to have made off with at least P300 million in deposits of mostly Chinese-Filipino clients is said to enjoy the high life.
Government eyes tax payments of licensed professionals (Aug. 22)
The Department of Finance and the Bureau of Internal Revenue (BIR) are drawing up a list of all licensed professionals to find out who among them are paying the right taxes.
Most college grads fail board exams (Aug. 21)
Most college graduates in the country fail to pass licensure examinations, the Professional Regulation Commission (PRC) reported.
Internet-savvy Aquino goes online to fight corruption (Aug. 20)
If you want President Benigno Aquino III to see your Facebook message or your tweet, make sure it has more relevance than just a request for you to be added as his friend, or as a critic of his receding hairline.
Petron starts selling cheaper gasoline product (Aug. 20)
Petron Corp., the country’s leading oil company now majority-owned by diversified conglomerate San Miguel Corp., will start selling today a gasoline product P3 per liter cheaper than regular gasoline.
De los Angeles in Ormoc jail (Aug. 20)
Legacy group founder Celso de los Angeles was transferred on Thursday to a jail compound in Ormoc City to face the nonbailable charge of syndicated estafa (fraud) filed by the Bangko Sentral ng Pilipinas (BSP).
Business confidence at all-time high - poll (Aug. 20)
Business confidence for the fourth quarter has hit an all-time high on the back of higher-than-anticipated economic growth, stronger peso, robust overseas remittances, benign inflation, strong export earnings, and smooth transition of political power.
Negosyo fever is up! (Aug. 19)
It seems the negosyo fever is still rising. Our Go Negosyo books are hitting all time high sales. The calls for Negosyo seminars (Negosems), which our foundation have been receiving, have been unprecedentedly strong.
Pag-IBIG offers relief for members (Aug. 19)
MEMBERS OF the Pag-IBIG Fund who missed out on the monthly payments for their housing loans have until Sept. 30 to avail of the agency’s latest loan restructuring and penalty condonation program.
Gov’t raised P97B from sale of retail T-bonds (Aug. 17)
THE BUREAU of the Treasury raised P97 billion from the latest issuance of retail treasury bonds, the public offering of which ended Tuesday.
Davao, Sta. Rosa head list of 10 'next wave cities' (Aug. 17)
The Business Processing Association of the Philippines (BPAP), Commission on Information and Communications Technology (CICT) and Department of Trade and Industry (DTI) have identified 10 “next wave cities” nationwide in terms of their potential as information technology-business process outsourcing (IT-BPO) hubs.
Smart taps ARFPP for financial literacy (Aug. 17)
Smart Communications Inc. (SMART) has tapped the Association of Registered Financial Planners in the Philippines (ARFPP) to give partner communities free financial literacy and management training under its Smart A.K.O. (Angat Komunidad at Organisasyon) program.
Remittances hit all-time high in June (Aug. 16)
REMITTANCES reached an all-time high in June, thanks to global economic recovery that fueled an increase in employment opportunities and to sustained demand specifically for Filipino workers.
High healthcare costs burden most Filipinos, says NSCB (Aug. 15)
The high cost of health care in the country remains a burden for many Filipinos as seen in the decelerating growth rates of their health spending.
Nestlé helps Filipinos lead healthier lives (Aug. 15)
Nestle Philippines Inc., the local subsidiary of 144-year-old Swiss company Nestlé S.A., claims to be a top authority when it comes to health and nutrition, and its top-selling chocolate, milk, yogurt and cereal products help back up its assertion.
Bank borrowers enjoy lower rates - BSP (Aug. 14)
Bank borrowers continued to enjoy lower rates as the accommodative policy stance of the Bangko Sentral ng Pilipinas (BSP) provided support to the economy and the favorable inflation outlook as well as well-cemented inflation expectations.
BDO acquisition of EIB on track, says bank official (Aug. 13)
The acquisition by Banco de Oro Unibank Inc. (BDO) of Export and Industry Bank (EIB) remains on track with “just a few conditions still to be met” as required by the Bangko Sentral ng Pilipinas (BSP).
Business Groups back Noy Cabinet (Aug. 11)
The business community yesterday expressed its full support for President Aquino and his Cabinet officials, saying they were making sacrifices to serve the people.
BPI on growth mode, scouting for acquisition targets (Aug. 11)
AYALA-LED BANK of the Philippine Islands, the country’s most valuable bank, plans to scale up business over the next five years by growing its loan portfolio while scouting for merger and acquisition deals.
Gov’t development plan thrust still on jobs, infra work (Aug. 11)
THE NEW Medium-Term Philippine Development Plan that will replace the one expiring this year will continue to focus on job generation and increased investment in infrastructure to provide safety nets for those who barely benefit from the country’s growth.
Pag-IBIG lends P22.7 billion for housing program in first half (Aug. 11)
The Home Development Mutual Fund (Pag-IBIG Fund), the biggest financier of the government’s housing program, announced that it has released a total of P22.7 billion under its shelter financing programs for January to June 2010.
Exports soar 33.4% to $4.55 billion in June (Aug. 11)
Merchandise exports continued to post double-digit growth in June, although slower than the previous month’s rise.
Sunlife Financial unfurls financial literacy campaign (Aug. 10)
Only 14 percent of the country’s population has insurance protection, and a large segment of those without protection are unaware of how to manage their finances.
More News Items
- Get investors, banks urged (Aug. 8)
- Building a nation of savers (Aug. 8)
- BDO now among world's top 400 banks, says The Banker (Aug. 8)
- Luistro: It’s go for 12-yr basic ed plan (Aug. 7)
- Low employment rate spurs Tesda program overhaul (Aug. 7)
- DOF launches website for whistle blowers (Aug. 7)
- RP may breach P100 billion anew with fresh RTBs (Aug. 5)
- July inflation below forecast, steady at 3.9% (Aug. 5)
- Listing of new voters starts (Aug. 5)
- Stocks hit new high (Aug. 5)
- 28 investors line up to buy ailing rural banks (Aug. 4)
- Legacy owner put behind bars (Aug. 4)
- Banks set tighter credit for household borrowers (Aug. 2)
- BSP exec airs optimism on economy (Aug. 2)
- Treasury names arrangers of P30-B RTB issue (Aug. 2)
- BSP to launch more financial learning programs (Aug. 1)
- Muslims share secrets of their trade (July 31)
- Fix education problems first, says Ateneo president (July 31)
- World Bank to help fund poverty-reduction plan (July 30)
- Insurance sector bullish on economy (July 29)
- BDO offers finance services for SMEs (July 29)
- NEDA chief sees 8% growth in economy (July 29)
- Market seen regaining strength in second half (July 29)
- SSS sells P83-million houses, lots to members, buyers (July 28)
- Debates on tax issues stalling launch of REITs (July 28)
- ‘We’re swimming in rice’—NFA chief (July 28)
- Consumers told to brace for ‘true costs’ of power (July 27)
- Thrift banks see surge in farm loans (July 27)
- Real Estate Investment Trust law attracts investors (July 26)
- BSP okays P5-billion fund for rural banking strengthening (July 26)
- BSP steps up efforts for consolidation in banking sector (July 25)
- BSP to require banks to raise capital by ’11 (July 25)
- Economy on its way to attaining ’10 growth target (July 23)
- Franchise expo puts RP in global franchise map (July 19)
- Sun Life targets a broader market segment for insurance (July 19)
- Pag-IBIG eyes retail bond issuance worth P3B in ’11 (July 19)
- DTI softens stance on franchising industry rules (July 19)
- BSP further cuts inflation forecast to 4% this year (July 16)
- Metro Manila prices rose faster in May--NSO (July 16)
- Consumers to give up everything else but tech (July 16)
- DTI to set guidelines for franchisors (July 15)
- Investor confidence in RP hit all-time high in Q2--survey (July 15)
- Boom in mutual funds seen (July 15)
- Remittances reached record level of $1.58B in May (July 15)
- Pag-IBIG extends old lending rule (July 15)
- Stocks hit 30-month high (July 15)
- Recession prompts growth in franchising sector (July 15)
- Building a nation of savers (Aug. 8)
