by ev3v4hn | Aug 17, 2020 | Business News
Budget cuts inflicted upon agencies further ballooned to a net of P34.5 billion in July as more money was diverted to COVID-19 response, Department of Budget and Management (DBM) data released on Monday (Aug. 17) showed. Assistant Budget Secretary Rolando U. Toledo told the Inquirer that since the Bayanihan to Heal as One Act lapsed […]
by ev3v4hn | Aug 11, 2020 | Business News
The threat of cybercrime is growing rapidly as companies conduct more of their businesses online, whether by communicating with employees or bringing goods to the market, according to an international consultancy firm. In a statement, Grant Thornton International Ltd....
by ev3v4hn | Aug 7, 2020 | Business News
Ayala-led Bank of the Philippine Islands (BPI) has raised P21.5 billion from a pioneering bond issue dedicated to coronavirus (COVID-19) response efforts – an offering that was oversubscribed by more than seven times the base offer. The COVID Action Response or “CARE”...
by ev3v4hn | Jul 29, 2020 | Business News
A London-based think tank sees an interest rate cut of up to 50 basis points (bps) by Philippine monetary authorities to fill the gap in fiscal response to the COVID-19 pandemic which was deemed lacking in the face of a deep plunge in economic activity. Capital...
by ev3v4hn | Jul 24, 2020 | Business News
The World Bank will extend three more loans worth nearly $1 billion to the Philippines by September to help in COVID-19 response and recovery, the Department of Finance (DOF) said on Friday (July 24). In a statement, the DOF said the total concessional financing from...
