The Philippine startup community is set to take center stage as flexible office space solutions provider KMC Solutions announced the launch of the inaugural KMC Startup Awards this year. Co-presented by Bossjob and in collaboration with Philippine […]
QC students develop sustainable innovations in C40 Minecraft Challenge
The Quezon City Government through its Climate Change and Environmental Sustainability Department (CCESD) has announced the three overall champions of the Quezon City C40 Minecraft Challenge. The competition, a collaboration between C40 Cities, Minecraft Education, and the […]
Filipino part-time workers adapt spending habits amid economic downturn, Hustle PH survey reveals
The ongoing economic downturn has led to shifts in spending behavior, attitude, and actions for 84% of Filipinos engaged in part-time employment, according to startup market research firm Agile Data Solutions, Inc. The survey was rolled out […]
BSP to hold steady on rates — poll
AN AERIAL VIEW shows the Ortigas business district in Pasig City, June 10, 2022. — REUTERS By Keisha B. Ta-asan, Reporter THE BANGKO SENTRAL ng Pilipinas (BSP) is widely expected to keep benchmark interest rates steady at […]
Fitch affirms PHL rating at ‘BBB’
FITCH RATINGS forecasts above 6% economic growth for the Philippines over the medium term. — PHILIPPINE STAR/ RUSSELL PALMA FITCH RATINGS affirmed the Philippines’ investment grade rating and maintained its “stable” outlook, citing the economy’s strong medium-term […]
NPL ratio further eases in September
THE PHILIPPINE BANKING industry’s nonperforming loan (NPL) ratio eased for the fourth straight month in September, although soured loans inched up amid high borrowing costs. Based on preliminary data from the Bangko Sentral ng Pilipinas (BSP), […]
Revised MIF rules fail to address risks to state banks
By Luisa Maria Jacinta C. Jocson, Reporter THE REVISED implementing rules and regulations (IRR) of the Maharlika Investment Fund (MIF) failed to address risks concerning the financial stability of contributing state banks, analysts said. “The primary revision […]
SEC expects 50,000 company registrations by end of 2023
By Justine Irish D. Tabile, Reporter THE Securities and Exchange Commission (SEC) said it hopes to tally 50,000 new company registrations by the end of the year after exceeding its 2022 total. “From the 22,000 level in […]
Flagship mass housing program must be made attractive to private investors, DHSUD says
HUMAN SETTLEMENTS SECRETARY Jose Rizalino L. Acuzar (second from left) at the BusinessWorld x The Freeman Forum in Cebu City on Friday. He is flanked by Philstar group officials Lucien C. Dy Tioco, executive vice-president, and Miguel […]
National Government Sept. debt service bill rises
REUTERS THE National Government’s debt service bill rose 15.46% in September as both interest payments and amortization increased, the Bureau of the Treasury (BTr) said. The BTr reported that debt service amounted to P238.999 billion in September. […]