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THINK tanks, government officials and business groups have stressed the need to bring in more foreign direct investments (FDI), especially at a time when a country is battling an enemy strong enough to send it to an economic recession. FDIs are expected to generate more employment and revenues—both of which…
Several private sector organizations on Saturday expressed their support for the Commission on Audit (COA) after President Rodrigo Duterte castigated state auditors for flagging irregularities in the Department of Health’s use of government funds.
Several business groups are supporting the passage of a bill which seeks to relax the existing laws on bank secrecy.
High jobless rate reflects low public confidence in pandemic efforts – FINEX president enablePagination: false endIndex: Metro Manila (CNN Philippines, March 9) — Despite attempts to expand economic activities, the number of jobless Filipinos will remain high if the public does not trust the government's ability to contain the COVID-19 pandemic, the head of a business group said on Tuesday. Financial Executives Institute of the Philippines President Francis Lim said low public confidence in authorities' anti-coronavirus efforts translates to grim employment figures. "Because even if you ...
BusinessWorld February 18, 2021 | 12:33 am By Reporters THE BANKING industryâs nonperforming loan (NPL) ratio is expected to be reduced, with the implementation of the Financial Institution Strategic Transfer (FIST) law, Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno said. âIt will ease the NPL ratios of banks moving forward. FIST is expected to reduce the NPL ratio by about 0.63 to 7.0 percentage points,â Mr. Diokno told reporters in a Viber message on Tuesday night. The banking industryâs NPL ratio stood at 3.61% as of end-December, much higher...