THE government plans to borrow P250 billion from local sources next month, according to the Bureau of Treasury (BTr). It will be larger than the P200 billion programmed for this month and the P160 billion set for September 2020 if the plan is followed. Treasury bills (T-bills) are expected to raise P75 billion, while Treasury bonds (T-bonds) are seen to […]
Read MoreMANILA, Philippines — A “few” European businessmen have left the Philippines as the pandemic fuels risk-aversion among investors. “There have been few, some who left Philippines. To be honest, I’ll be surprised if they come back,” Lars Wittig, newly-elected president of the European Chamber of Commerce of the Philippines, said in a virtual press conference […]
Read MoreMANILA, Philippines — Banks are pushing for stiffer sanctions against cybercriminals amid the sharp increase in online fraud as more Filipinos embrace digitalization due to mobility restrictions brought about by the pandemic. Jose Arnulfo “Wick” Veloso, president of the Bankers Association of the Philippines (BAP), said the banking sector is urging Congress to pass House […]
Read MoreMANILA, Philippines — Suspected digital fraud attempts originating from the Philippines dropped by 59 percent in the second quarter from a year ago, but businesses need to remain vigilant and take steps to build consumer confidence in transactions, information and insights firm TransUnion said. TransUnion said its latest study showed the Philippines bucked the trend […]
Read MoreMANILA, Philippines — The balance of payments (BOP) returned to a surplus in July, ending two straight months in deficit, as the national government borrowed more from abroad to augment its COVID-19 war chest. Data from the Bangko Sentral ng Pilipinas (BSP) showed the $642-million surplus last month was a reversal of the $312-million shortfall […]
Read MoreMANILA, Philippines — The SM STORE’s “Call to Deliver” service is achieving double-digit growth proving the convenience, range, and high service levels that customers expect of SM. The growth of the concept amid the pandemic was brought about by its personalized approach in online shopping, which is part of SM’s continuing shopping innovation to adapt […]
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