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ADB to provide grant to PH banks for digital transformatio

MANILA, Feb. 19 -- Nine rural banks and a bank consortium in the Philippines will receive grants from the Asian Development Bank (ADB) amounting to USD655,000 to implement digital transformation solut... Read More


ed results mark T-bills auction

MANILA, Feb. 19 -- Results were mixed during Monday's Treasury bills (T-bills) auction as the Bureau of the Treasury (BTr) decided to fully award bids for the 182- and 364-day T-bills while partially ... Read More


Police arrest BIR employee for extortion

MANILA, Feb. 19 -- Police arrested a Bureau of Internal Revenue (BIR) employee for reportedly extorting money from a business establishment during an entrapment last Feb. 14. In a statement on Monday... Read More


PPP Code to expedite implementation process of infa projects

MANILA, Feb. 16 -- The implementing rules and regulations (IRR) of the Public-Private Partnership (PPP) Code will help fast-track the approval and implementation of various infrastructure projects in ... Read More


BSP keeps policy rates unchanged

MANILA, Feb. 15 -- The Bangko Sentral ng Pilipinas (BSP) kept policy rates steady for the third consecutive meeting, noting that while inflation conditions already improved, upside risks still remaine... Read More


LandBank unveils time deposit supporting social, sustainable projects

MANILA, Feb. 14 -- Land Bank of the Philippines (LANDBANK) said it is offering a new sustainable time deposit product that channels funding support for social and environmental initiatives, while prov... Read More


DOF eyes amending Privatization Council guidelines

MANILA, Feb. 14 -- The Privatization Management Office (PMO), an attached agency of the Department of Finance, is eyeing to amend the guidelines of the Privatization Council (PrC) for the faster dispo... Read More


Gov't raises P17B from T-bills auction

MANILA, Feb. 12 -- The government raised PHP17 billion from the Treasury bills (T-bills) auction, higher than the initial PHP15-billion program as bids amounted to more than PHP40 billion. The Bureau... Read More


FDI net inflows up by 27% in November

MANILA, Feb. 12 -- The net inflow of foreign direct investments (FDIs) went up by 27.8 percent in November last year. Data released by the Bangko Sentral ng Pilipinas (BSP) on Monday showed that FDI ... Read More


PBBM extends financial aid to wounded soldiers

MANILA, Feb. 12 -- President Ferdinand R. Marcos Jr. on Monday personally handed over special financial assistance to 12 soldiers who sustained injuries last month while fighting the militant Dawlah I... Read More