Duterte signs bill creating coco levy trust fund bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
MANILA, Feb 15, (Bloomberg): Philippine investors are shifting into small, lesser-known names in a stock market that ranked as the world’s worst performer last month.
Demand has waned for the 30 component shares of the Philippine Stock Exchange Index, which includes giants like SM Investments Corp. and Ayala Land Inc., amid an uncertain economic recovery, the ongoing pandemic and a flight of foreign funds. The PSEi tumbled 7.4% in January, the worst performance among global equity benchmarks.
The slump in large caps pushed investors to take a chance on riskier small caps, said Fitz Aclan, who helps manage about $520 million as chief investment officer at United Coconut Planters Bank.
Gold mine sums up newfound appreciation of PHL small caps bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
February 06, 2021 COMPUTER-GENERATED payment reference numbers (PRNs) will be required for short-term loan payments starting April 1, 2021, state fund Social Security System (SSS) said.
Billing months to be covered by this system will be from March 2021 and onwards.
The PRN, a system-generated number corresponding to an individual member’s loan billing statement (self-employed, voluntary, Overseas Filipino Worker) or employer, helps facilitate the immediate and correct posting of loan payments to their matching loan accounts.
SSS President and Chief Executive Officer Aurora C. Ignacio said the SSS started to implement the use of PRNs for short-term member loan payments last year as part of the fund’s Real-Time Processing of Loans (RTPL) program. Transactions covered by the system include salary, calamity, emergency, and restructured loans.
Atty. Joey Lina
I would like to share the insights of former Agriculture Secretary Leonardo Montemayor, chairman of the Federation of Free Farmers, about the predicament of the nation’s coconut farmers who remain poor despite the Coco Levy Fund worth billions of pesos that’s supposed to help them.
In an article titled “Can UCPB, Land Bank and Coco Levy Fund meet credit needs of Coconut Farmers?” which Montemayor co-wrote with Edgardo C. Amistad, former president of the UCPB-CIIF Finance and Development Corporation, answers can be found to questions troubling the coconut industry.
Foremost among them are: How come coco farmers hardly benefitted from the fund established for them four decades ago? What ought to be done now to improve their plight and boost the coconut industry?