Business

Banks’ loan standards for consumers eased in Q4 2021

Results of the Q4 2021 Senior Bank Loan Officers’ Survey (SLOS) showed that most of the respondent banks kept their overall credit standards generally unchanged for loans to both enterprises and...

IPAs point to COVID-19, high costs of doing business, foreign equity restrictions as among investments barriers

In recent reports to the Fiscal Incentives Review Board (FIRB), investment promotion agencies (IPAs) identified the COVID-19 pandemic, high costs of doing business, and foreign equity restrictions in the Philippines as...

BOC busts smuggled good in Bulacan warehouse

The Bureau of Customs through the joint operations of the Customs Intelligence and Investigation Service-Manila International Container Port (CIIS-MICP), National Bureau of Investigation (NBI), and Philippine Coast Guard (PCG) seized various smuggled goods in a warehouse at Pandi, Bulacan on 26 January 2022.

BSP: Open finance to promote digital transformation and financial inclusion

The Open Finance Roadmap 2021-2024 will boost digital transformation and stakeholder cooperation towards enhanced financial inclusion in the Philippines, according to the Bangko Sentral ng Pilipinas (BSP). “The roadmap outlines priority actions,...

NEDA bares three priority areas for public-private sector collaboration on PH economic recovery

The government and the private sector need to collaborate to help improve the prospects for economic recovery, increase productivity in the country, and respond to climate change, said the National Economic...

RCEP to boost PH digital economy and BPO sector

With the implementation of the Regional Comprehensive Economic Partnership (RCEP) Agreement early this year, the legal and institutional regime for the ten-member states of the Association of Southeast Asian Nations (ASEAN),...
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