Regulators to cut red tape for bank mergers

The country’s financial regulators have agreed to streamline their procedures governing mergers and acquisitions in the local banking industry in a bid to expedite the process of consolidation among financial institutions. Initiated by the Philippine Deposit Insurance Corporation, the multi-agency project, which is the first of its kind among financial regulators, aims to harmonize the…

Luzviminda Sunit

COVID-19 no match for fighting MSMEs

Determination, perseverance and faith—in divine providence and in their own abilities to overcome obstacles—enabled 10 small entrepreneurs to preserve and grow their enterprises even during a protracted global health crisis. In virtual ceremonies, recipients of the 18th Citi Microentrepreneurship Awards (CMA) were honored for the resilience, courage and fortitude that enabled their enterprises to survive,…

machines, weight, weights

Gyms, fitness centers now allowed to run at 40% capacity

Gyms and fitness centers in Metro Manila, Bulacan and Rizal can now accommodate up to nearly half of their operating capacities as the government further eased business restrictions despite COVID-19 cases still increasing. The Department of Trade and Industry (DTI) released Thursday an advisory raising gyms’ and fitness centers’ permitted capacity to 40 percent, or…