Finance Secretary Carlos Dominguez III has said the use of digital tools to make the process of issuing and buying debt securities cost-efficient, convenient and more accessible to both issuers and retail investors will democratize bond investing and help deepen the Philippines’ capital markets.
Read MoreThe Philippines has called on the Asian Development Bank (ADB) to substantially expand its loan portfolio in the next five years to support the swift recovery of its developing member-countries from the global economic shock of the COVID-19 pandemic, even if this involves increasing the multilateral lender’s capital base.
Read MoreThe Philippines’ first Electronic Securities Issue Portal (e-SIP) that would allow the online registration and processing of documents in the primary market has gone live in April of this year, clearing the way to the streamlining and digitalization of transaction flows in the country’s capital markets.
Read MoreThe country’s economic managers will work until the last minute of President Duterte’s term in pushing the congressional passage of key reform measures that will support the nation’s strong and sustainable recovery from the pandemic-induced recession.
Read MoreThe Office of the Ombudsman has dismissed from the service an employee of the Bureau of Customs (BOC) who was found guilty of grave misconduct and serious dishonesty for amassing P6.2 million-worth of unexplained wealth.
Read MoreThe Land Bank of the Philippines (LANDBANK) has already released P60.36 billion in unconditional cash transfers (UCTs) as of December 2020 to beneficiary-households of the Duterte administration’s social mitigation program under the Tax Reform for Acceleration and Inclusion Act (TRAIN).
Read MoreThe Intergovernmental Relations Body (IGRB) has agreed that the Mining Industry Coordination Council (MICC), together with representatives and experts from the Bangsamoro Government (BG), will conduct an audit on the operations of mines within the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM).
Read MoreThe Insurance Commission (IC) has processed 100 percent of monetary claims as well as license and product applications last year to meet the growing needs of the insurance industry, which expanded to P1.79 trillion as of the third quarter of 2020.
Read MoreFinance Secretary Carlos Dominguez III told senators Tuesday that President Duterte’s directive allowing more pork imports at lower tariffs for a temporary period is an immediate and practicable response to protect Filipino consumers from price spirals that could further drive up inflation and undermine the country’s economic recovery from the COVID-19 pandemic.
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