Opportunities for digital transactions post Covid-19

June 02, 2020
In his speech during the virtual forum on fintech’s role in pump-priming the economy hosted by Fintech Alliance PH, BSP Gov.  Benjamin Diokno said the coronavirus disease 2019 pandemic raised the urgency for needed reforms on public health, social safety nets, disaster response, and countryside development.

BdO books pre-emptive loan provisioning

June 02, 2020
BdO Unibank, Inc.  announced that it has set aside an additional ₱20 billion in upfront provisions, on top of the P2.1 billion set aside in 1Q20, in anticipation of the expected disruptive economic impact of the 2019 coronavirus disease pandemic and the Enhanced Community Quarantine.

S&P affirms PH 'BBB+' rating, stable outlook

June 02, 2020
S&P Global Ratings has affirmed its ‘BBB+’ investment rating with a stable outlook on the Philippines as it forecasts a strong bounce back with a growth of nine percent for the domestic economy in 2021 from a projected 0.2-percent contraction this year.

2GO gears up to reunite OFWs with families

June 01, 2020
Shipping and logistics company, 2GO Group Inc. increases its passenger service operations to support government’s directive to speed up the homecoming of over 24,000 overseas Filipino workers stranded in Metro Manila due to the coronavirus pandemic.

Local carriers resume commercial flights

June 01, 2020
A "new normal" is expected once flight operations resume. Among these include wearing of face mask when entering the airport facility; undergoing mandatory body temperature check before entering the airport complex; and strict observance of safe physical distancing measures.

Q1 SM net income down by 16% to P9B

June 01, 2020
The country’s largest conglomerate SM Investments Corp. reported its profit declined by 16 percent in the first quarter due partially to effects of the coronavirus disease 2019 pandemic and enhanced community quarantine. 

2.5% contraction for economy seen

June 01, 2020
Sun Life Asset Management Co. Inc. forecasts as much as 2.5-percent contraction for the economy this year, but a recovery should be underway amid the economic impact of the global pandemic.

P1.3-T stimulus bill ‘one big punch’ vs Covid-19

May 31, 2020
House Ways and Means Chair Joey Sarte Salceda said the P1.3-trillion Accelerated Recovery and Investment Stimulus for the Economy bill integrates all the proposed measures into “one big punch” to strengthen the fight against the 2019 coronavirus disease crisis and its perverse economic impacts on ordinary people.  

FDIs to hold up despite pandemic

May 31, 2020
The global pandemic is expected to hit foreign direct investments, but the country stands to benefit from redirection or redistribution of FDI flows, Bangko Sentral Gov. Benjamin Diokno said.

Vista Land nets P11.6B in 2019

May 31, 2020
Vista Land & Lifescapes, Inc., one of the country’s leading integrated property developers, generated a net income of P11.6 billion in 2019, up by 10 percent from P10.5 billion the previous year, driven by the strong performance of its commercial assets and sustained contribution from its residential business. 

BSP sees May inflation at 1.9%-2.7%

May 31, 2020
Higher domestic oil prices and uptick in the price of several agricultural products due to Typhoon Ambo (Vongfong) are seen to affect the Philippines' May 2020 inflation rate, which is projected to range between 1.9 percent-2.7 percent.

Domestic liquidity growth surges in March

May 31, 2020
Loans for production activities continued to be driven by lending to key sectors such as real estate activities; financial and insurance activities; wholesale and retail trade, repair of motor vehicles; electricity, gas, steam and air conditioning supply; and information and communication.