architecture, buildings, city

BSP promises to maintain credit line to cash-strapped gov’t

Amid expectations of slower growth this year, the Bangko Sentral ng Pilipinas (BSP) has committed to sustain its short-term financing arrangement with the national government and assist in economic recovery, Governor Benjamin Diokno said on Friday. At the Washington-based Institute of International Finance’s (IIF) 2021 Asia-Pacific Summit, Diokno said the BSP had already released P2…

supermarket, shelf, blur

Monde Nissin gets 11 long-term ‘cornerstone’ investors

Food giant Monde Nissin Corp. has bagged global funds as long-term investors in its anticipated P55.9-billion public debut this month. In a statement on Wednesday, Monde Nissin claimed it had secured commitments from 11 cornerstone investors. These were AIA Investment Management Private Ltd., Stichting Depositary APG Emerging Markets Equity Pool, Avanda Investment Management Pte. Ltd.,…

city, window, architecture

PH banks strong, ready to fund economic rebound, says Diokno

The Philippine economy is well positioned for a sharp rebound after the coronavirus pandemic, thanks to structural reforms implemented after previous crises, especially in the banking system, according to the country’s chief financial regulator. In particular, Philippine banks are strong enough to weather the downturn brought about by the COVID-19 crisis due to their sufficient…

architecture, buildings, cars

PH recovery hopes pinned on infra spending

Recovery from the pandemic-induced recession will entail not only fast-tracking mass vaccination and sustaining infrastructure development but also some more additional reforms pushed by President Duterte’s economic team on Monday. Finance Secretary Carlos Dominguez III told the virtual forum that earlier reforms put in place by the Duterte administration eased COVID-19’s impact on the Philippine…

ipad, girl, tablet

Microsoft training program benefits over 150K Filipinos

Technology giant Microsoft Corp. said over benefited from its digital skills training program during the COVID-19 pandemic. Launched last year, the initiative reached over people from and involved online courses from GitHub, LinkedIn and Microsoft in the areas of customer service, project management and data analysis. “Skills will be the new currency in the postpandemic…