Day: October 23, 2020

Budget gap shrank to P138.5B in Sept

The government’s fiscal deficit slimmed to P138.5 billion in September as revenues and spending both declined by double digits in the month, data from the Bureau of the Treasury (BTr) showed on Friday. The shortfall was smaller than the P178.6-billion deficit a year earlier, but higher than the P40.1-billion gap in August. “The budget gap […]

Okayed foreign borrowings up 48% in Q3

The country’s monetary authorities approved more foreign borrowings by the national government in the third quarter of 2020, the Bangko Sentral ng Pilipinas (BSP) reported on Friday. In a statement, the central bank said its policymaking Monetary Board (MB) greenlighted an aggregate $3.91 billion in foreign borrowings in July to September. The amount was a […]

PSEi closes at strongest level since June

Improved corporate earnings and the continued decline in new coronavirus disease 2019 (Covid-19) cases helped the stock market surpass the 6,400 mark on Friday. The benchmark Philippine Stock Exchange index (PSEi) jumped by 2.2 percent or 139.43 points to close at its intraday high of 6,484.06 — the highest since its 6,476.24 finish on June […]

Strengthening MSMEs key to economic recovery – ADB

Strengthening micro, small and medium enterprises (MSMEs) with innovation and internationalization is key to revitalizing Southeast Asian economies, including the Philippines’, that were devastated by the coronavirus disease 2019 (Covid-19) pandemic. This is according to the first volume of the Asian Development Bank’s (ADB) “Asia Small and Medium-Sized Enterprise Monitor (ASM) 2020” report, which presents […]

Outlook on savings and loan associations positive – BSP

The Bangko Sentral ng Pilipinas (BSP) gave a positive outlook on the nonstock savings and loan association (NSSLA) industry this year despite the coronavirus disease 2019 pandemic. In a virtual briefing on Thursday, BSP Governor Benjamin Diokno cited the sector’s “stable performance, sustained profitability, and opportunities for growth and improvement” for the outlook. NSSLAs are […]

URC profit rose 12% in Jan-Sept

Gokongwei-led Universal Robina Corp. (URC) reported on Friday that its net income increased to P8.1 billion in the first three quarters of 2020 amid the “severe challenges” posed by the coronavirus pandemic to its business. In a disclosure, the listed food and beverage arm of JG Summit Holdings Inc. said the amount was a 12-percent […]

LandBank eyes P3B from sustainability bonds

The Land Bank of the Philippines (LandBank) said on Friday it planned to raise P3 billion from its maiden offer of sustainability bonds. In a statement, the state-run lender said it would tap and access the capital markets for the peso-denominated fixed-rate bonds, which have a two-year tenor and are due in 2024. These will […]

“Vicki Belo tells Julia Barretto: ‘This is the sexiest na buntis girl I’ve ever met’ “

Julia Barretto gamely answers Vicki Belo’s questions about her personal life. Screenshot from Dr. Vicki Belo YouTube Channel Vicki Belo asked Julia Barretto several ‘juicy’ questions as the Kapamilya star made a guest appearance on the dermatologist-to-the-stars’ latest vlog.  Julia, who cooked her mom’s famous fresh tomato pasta for Vicki Belo, Hayden Kho, and Scarlet […]

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