Category: Philippines

Govt debt fell to P9.36T in September

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Thu, 29 Oct 2020 16:32:14 +0000

The government’s outstanding debt slid to P9.36 trillion at end-September on smaller domestic borrowings, according to the Bureau of the Treasury (BTr). Data from the Treasury bureau showed on Thursday that the amount was a 2.6-percent or P246.15-billion decline from P9.61 trillion at end-August. Of the figure, 31.3 percent was generated from external creditors and […]

Creating safe stores for the new normal

Credit to Author: The Manila Times| Date: Thu, 29 Oct 2020 16:31:58 +0000

Top corporations help sari-sari stores and carinderias restart their business IN the wake of the Covid-19 pandemic, many micro, small, and medium enterprises (MSMEs), have struggled to navigate the ongoing crisis. The operational and financial challenges are already a cause for concern, but at the same time, they must also address the needs of their […]

‘Hot money’ outflows surge to 4-month high

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Thu, 29 Oct 2020 16:30:17 +0000

Foreign portfolio investments that left the country soared to its highest level in four months in September, partly on account of the coronavirus disease 2019 (Covid-19) pandemic, according to the Bangko Sentral ng Pilipinas (BSP). Data from the central bank showed on Thursday that net outflows of these investments, or “hot money” — so named […]

Typhoon ‘Rolly’ to be closest to Central Luzon, Metro Manila on Sunday night — Pagasa


MANILA, Philippines — The latest forecast track of Typhoon “Rolly” shows that it would move over Central Luzon — close to Metro Manila — between Sunday night and Monday morning, state meteorologists said. According to the weather report from the Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) on early Saturday morning, Rolly has taken the west southwestern turn as predicted, which means it is likely to traverse land near the National Capital Region. Rolly’s wide diameter — estimated at 500 kilometers — means areas not directly hit by the typhoon’s eye can also experience similar conditions due to its wide reach. “Going from Sunday …

Keep on reading: Typhoon ‘Rolly’ to be closest to Central Luzon, Metro Manila on Sunday night — Pagasa

China now waging ‘gray zone’ war to enforce claim of South China Sea through PH, says ex-AFP chief


MANILA, Philippines—China is now waging a war in what a former Philippine military chief said was a “gray zone” where the fighting goes on without guns but with information, investments, and other tactics to pursue its strategic objectives in the Philippines. Emmanuel Bautista, Armed Forces of the Philippines (AFP) chief during the administration of former President Benigno Aquino III, warned that China is now employing gray zone tactics to establish a foothold in Philippine territory that can be used to fully control the disputed waters. The Philippines, Bautista said, is “being affected not just militarily but in other aspects in what we call the gray zone strategy.” Gray zo…

Keep on reading: China now waging ‘gray zone’ war to enforce claim of South China Sea through PH, says ex-AFP chief

For these stars, fond memories keep spirit of ‘Undas’ and their loved ones alive despite pandemic


  Cemeteries closing down on All Saints’ Day this year isn’t too much of an issue for Celeste Legaspi. After all, her house is filled with her dearly departeds’ photographs and mementos with which she prefers to remember them. “I have my father’s (National Artist for Visual Arts Cesar Legaspi) paintings; my mother’s old silk blouse and her favorite bracelet; and my sister’s handbag and a pair of small earrings. This way, I continue to feel close to them. And they continue to be part of my everyday life,” the inimitable singer-actress told the Inquirer in an interview. That said, Legaspi isn’t averse to technology. She’s actually thankful for the availability of video apps,…

Keep on reading: For these stars, fond memories keep spirit of ‘Undas’ and their loved ones alive despite pandemic

Bank loans to MSMEs hit over P120B

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Thu, 29 Oct 2020 16:28:42 +0000

Loans provided by banks to small businesses have reached P120 billion after the Bangko Sentral ng Pilipinas (BSP) relaxed the reserve requirement rules for lenders. In a speech at Tax Management Association of the Philippines event on Wednesday, BSP Governor Benjamin Diokno said the central bank’s measures to incentivize lending to micro, small and medium […]

Stocks retreat on Covid resurgence in West

Credit to Author: Faye Almazan| Date: Thu, 29 Oct 2020 16:27:30 +0000

Local shares extended their losses for a third straight day on Thursday on fresh worries over a resurgence of coronavirus disease 2019 (Covid-19) infections overseas and renewed profit taking. The bellwether Philippine Stock Exchange index (PSEi) contracted by 2.01 percent or 128.4 points to to end at 6,249.39 while the broader All Shares shrank by […]

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