Loanable Funds

Last July, a bill became law, giving hope to the country’s farmers and fishers as well as the Philippines’ attempt to achieve food self-sufficiency. Republic Act 11901, or the Strengthening Agriculture, Fisheries and Rural Development Finance Act of 2022, repealed RA 10000 or the Agricultural Credit Reform Act of 2009, …

Lawrence Agcaoili – The Filipino Star September 21, 2022 | 00:00 MANILA, Philippines — Loans disbursed by banks in the Philippines for agriculture and land reform rose 11.1 percent to 847.95 billion pesos in the first half, but still below the prescribed threshold for both sectors . Preliminary data from …

The Bangko Sentral ng Pilipinas (BSP) has released proposed rules and regulations that will govern mandatory funding for Agriculture, Fisheries and Rural Development (AFRD) under Republic Act No. 11901, also known as the Strengthening Agriculture, Fisheries and Rural Development Funding Act 2022. . The proposed circular, issued Friday, September 9 …

Many Americans believe that government has a responsibility to fight recessions. They should not. Politicians and bureaucrats suck at stabilizing markets. Usually their scents do more harm than good. Economics textbooks will tell you that there are two ways for the government to smooth out the business cycle. The first …

Analysts said the REAL ESTATE, banking and consumer sectors should support the recovery from the impact of the public health crisis in the second half of the year, as they benefit from the continued reopening of the economy. “Recovery from the pandemic is expected in the real estate sector after …

Nepal is one of the richest countries in the world in terms of inland water resources. Nepal has around 6,000 rivers, streams and tributaries along with other significant resources such as snow cover, springs, lakes and groundwater. The country has one of the highest hydropower potentials. Nepal’s technical hydropower potential …

The sharp rise in petroleum product prices on Tuesday virtually offset and even exceeded the amount motorists saved from the downward trend that lasted nearly a month. And whether artificial or real, the shortage of most basic additives – sugar and salt as well as soaring prices for onions – …

With two consecutive quarters of negative GDP growth recorded in the first half of this year, most agree that our economy has entered a recession. But few will agree on its cause. Given attempts by the Biden administration and others to blame soaring price inflation on multiple factors besides its …

HSBC’s predictions of how many Filipinos will reach the exalted status of millionaires by 2030 is the kind of story that inspires readers to keep going and reading. Even poor people like me and my neighbors who have no hope of joining that celebrated and coveted rank in our unimportant …

Read this in the Manila Times digital edition. President Ferdinand “Bongbong” Marcos Jr. speaking at an event hosted by Go Negosyo. PHOTO BY JOHN RYAN BALDEMOR WE welcome the attention given by the new government to micro, small and medium-sized enterprises (MSMEs). President Ferdinand “Bongbong” Marcos Jr. showed his support …

“Americans are fed up with almost everywhere they spend money. Gasoline prices are at record highs, food prices are rising, and housing is getting more expensive month by month. Lawmakers — especially Republicans — have lambasted the Federal Reserve for allowing inflation to hit 41-year highs, arguing that the central …

PHOTO BY THE DEPARTMENT OF AGRICULTURE WHILE everyone is understandably distracted by the baffling chaos that has erupted over the sugar supply, there has been one important political achievement that needs to be highlighted. One of the 110 laws that went into effect late last month was Republic Act (RA) …

In 2020, Marc Andreessen wrote an excellent critique of NIMBYism titled “It’s time to build“. Here is an exerpt : You don’t just see this smug complacency, this satisfaction with the status quo and the reluctance to build, in the pandemic or in health care in general. You see …

Nepal imported a record number of electric vehicles (EVs) in the last fiscal year 2021-22 after seeing their imports swing for several years. In 2019-20, imports stood at 575 units before falling by more than half to 249 units in 2020-21 due to Covid-19 restrictions and higher taxes. But in …

MANILA, Philippines – The new law providing a comprehensive financing framework for the development of agriculture, the fisheries sector and rural communities would give banks greater flexibility in allocating their resources, according to the governor from Bangko Sentral ng Pilipinas, Felipe Medalla. Medalla said the central bank is committed to …

CITTING to the crucial role of farmers and fishers in ensuring food security, Senator Christopher Lawrence “Bong” Go stressed the need to continue to strengthen systems and infrastructure to support agriculture as he welcomed the recent enactment of a measure that expands agriculture, fishing and rural areas. development finance system. …

A RISK-SHARING agreement between the banking industry and the government could facilitate compulsory lending to farmers and small businesses, the director of the Bank of the Philippine Islands (BPI) said last week. Speaking at The Manila Times online business forum, BPI Chairman and CEO Teodoro Limcaoco noted that there was …

Although Bangladesh’s difficulties are not comparable to those of Sri Lanka, the emerging Asian tiger has its sources of problems In May 2021, Bangladesh granted a US$200 million currency swap facility to Sri Lanka to help the latter deal with a severe shortage of foreign exchange. But a year later, …

Comment In my last column, I explained how governments and banks create money. The basics are incredibly simple – so simple, in fact, that the great non-traditional economist John Kenneth Galbraith once commented that: “The process by which banks create money is so simple that the spirit is repelled. Where …

In May 2021, Bangladesh granted a US$200 million currency swap facility to Sri Lanka to help the latter deal with a severe shortage of foreign exchange. But a year later, Bangladesh itself is asking for a $4.5 billion IMF bailout for fiscal and balance-of-payments support. Although Bangladesh’s difficulties are not …

MANY in government want to help micro, small and medium enterprises (MSMEs), and with good reason. They represent more than 99% of all registered businesses, employ 63% of the workforce and contribute 40% to the total economy. Unfortunately, good intentions have not yet translated into policies producing optimal results. Impressive …

The The Manufacturers Association of Nigeria has warned that the recent increase in the base lending rate by the Monetary Policy Committee of the Central Bank of Nigeria will lead to higher commodity prices among other negative consequences. MAN said so in a statement titled “MAN’s Preliminary Position on the …

Addis Ababa — Today, Awash Bank signed a loan agreement with nine private commercial microfinance institutions (MFIs) – Vision Fund, Nisir, Kendil, Metemamen, Meklit, Dynamic, Wasasa, Harbu and Peace MFI to unlock the access to finance for micro, small and medium enterprises (MSMEs) in Ethiopia. The ETB 1.5 billion deal …

BEFORE President Ferdinand “Bongbong” Marcos Jr. took the reins of the Department of Agriculture (DA), I stressed that his administration must have the political will to give agriculture a bigger budget, 250 billion pesos per year. At this budget level, the country can undertake more programs covering a wider range …

Covid-19 had compelled the Nepal Rastra Bank to pursue a liberal monetary policy over the past two fiscal years with a view to extending credit to revive the pandemic-hit economy. With the situation now having changed with excessive credit expansion causing a surge in imports resulting in the depletion of …

The Manufacturers Association of Nigeria (MAN) described the decision to raise the monetary policy rate (MPR) from 13% to 14%, as a trip further away from the preferred single-digit interest rate regime. MAN Chief Executive Mr Segun Ajayi-Kadir in a report released Friday in Lagos said the development was not …

KATHMANDU, July 13: The trading volume of the country’s major industries has fallen sharply in the past two months due to the excessive surge in market prices, depressing people’s purchasing power, a study report shows unveiled by the Confederation of Nepalese Industries (CNI). According to the private sector umbrella organization, …

Paying for college is expensive. However, many students miss out on services that they don’t even know they are paying for. In addition to tuition, University students must pay more than $1,500 in fees. Through the University Bursar, you can see a detailed list of the fees you pay each …

THE Philippine Chamber of Agriculture and Fisheries Inc. (Pcafi) calls on President Ferdinand “Bongbong” Marcos to declare a nationwide “state of calamity” for food sufficiency and immediately mobilize funds for the agricultural sector to to meet today’s food supply challenges. Danilo Fausto, president and president of Pcafi During a press …

Read this in the Manila Times digital edition. BANK lending to micro, small and medium enterprises (MSMEs) was still below the required level at the end of March this year, Bangko Sentral ng Pilipinas (BSP) reported. The “Magna Carta for MSMEs”, also known as Republic Act 6977, provided funding of …

Nepal’s foreign exchange reserves have fallen to a level sufficient to support merchandise imports for less than seven months, for the first time in the past six years, setting off alarm bells. Even the import control measures taken by the Nepal Rastra Bank do not appear to be yielding the …

The high cost of loans offered by depository banks, which is in double digits, has continued to hamper business growth in the country. Recently, the Central Bank of Nigeria (CBN) and the Monetary Policy Committee (MPC) at its 285th meeting, with the Chairman announcing the committee’s unanimous decision to amend …

Read this in the Manila Times digital edition. MEETING OF MINDS President-elect Ferdinand ‘Bongbong’ Marcos Jr. and Presidential Advisor for Entrepreneurship Joey Concepcion. CONTRIBUTED PHOTO THE next government is on the right track in recognizing the value of micro, small and medium-sized enterprises (MSMEs), whose collective well-being is vital for …

Mehdi Rahman | Published: Jun 19, 2022 9:34:19 p.m. Inflation is an inevitable phenomenon, with income varying over time. In the same passage of time, the price of commodities jumps higher relative to changes in income. It seems to increase in the same way as human age increases. On the …

Tammy Ferrell takes drastic measures to feed her family as inflation hits its highest level in 40 years. Even after replacing meat with noodles and walking to the grocery store to save gas, she found herself skipping meals to make ends meet. Many others are making similar sacrifices. Prices have …

Nepal’s debt stock rose by 7.33% in the third quarter of the current fiscal year in the wake of the continued devaluation of the rupee against the dollar and costly domestic debt amid growing borrowing from the government. Although the country received external debt in only limited amounts during the …

Insurance company investors are increasingly seeking to invest in private equity and similar private equity funds through debt capital commitments (as opposed to traditional equity capital commitments) in order to take advantage of better treatment of regulatory capital, including under the risk-based capital system established by the United States. National …

Insurance company investors are increasingly seeking to invest in private equity and similar private equity funds through debt capital commitments (as opposed to traditional equity capital commitments) to take advantage of better treatment of regulatory capital, including under the risk-based capital system established by the United States. National Association of …

Muhammad Mahmoud | Published: June 11, 2022 9:51:51 p.m. | Updated: Jun 12, 2022 9:18:36 p.m. Last Thursday (June 9), Bangladesh’s Finance Minister presented the budget for the financial year 2022-23 (FY23), at a time of strong inflationary pressures, especially in food and oil prices. energy. The size of the …

The government has presented a budget of Rs 1.79 trillion for the financial year 2022-23. Critics say the allowance is inflated, given the country’s precarious economic situation. The “populist” budget was bought with the one and only intention of pleasing potential voters, they argue. Is this really the case? ApEx …

PHILIPPINES, June 2 – Press releaseJune 1, 2022 Senate approves bicam report on bill improving farmers’ access to financial services and training programs In an effort to improve agricultural communities’ access to financial services and programs that increase productivity, the Senate last week ratified the report of the …

The Manufacturers Association of Nigeria has denounced the recent monetary policy decision by the Central Bank of Nigeria and called on the apex bank to reduce the stringent conditions for accessing development finance windows available to the manufacturing sector at a rate of one-digit interest, written Onwuamaeze Dike Members of …

NNN: Senator Godiya Akwashiki (APC-Nasarawa North) withdrew from the contest to elect a new senator. Akwashiki, chairman of the Senate Jobs, Labor and Productivity Committee, announced his decision in a letter Sunday to the APC Elections Committee in Nasarawa State. A copy of his letter, titled: “Notice of Withdrawal from …

NNN: An economist, Professor Evans Osabuohien, said on Sunday that the increase in the benchmark interest rate from 11.5% to 13 by the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) would reduce funds loanable for investment. Osabuohien, a senior lecturer in the Department of Economics at …

Credit and financing for MSMEs: Nearly half of the loans disbursed under the government’s Emergency Line of Credit Guarantee (ECLGS) scheme to MSMEs were used to pay the dues of suppliers supplying raw materials, while a third of the loans were used to restart businesses, and the remaining amount was …

The Bangko Sentral ng Pilipinas (BSP) is planning the repeal of the Agri-Agra Act as the bicameral Congressional Conference Committee has ratified a new bill aimed at improving the financing of the agri-fishing sector and the rural development. PASB said in a statement that the 2022 Strengthening Agriculture, Fisheries and …

Odinaka Anudu, Nike Popoola, Sami Olatunji and Edidiong Ikpoto Published May 25, 2022 The Manufacturers Association of Nigeria, the Lagos Chamber of Commerce and Industry and the Nigerian-American Chamber of Commerce have criticized the monetary policy rate hike by the Central Bank of Nigeria, saying the policy will hurt the …

After an extensive search for donated or loanable farmland in March, Maas and his team secured 50 acres in late April, nestled on Woody Nook Rd in western Lacombe County behind a private residence. READ: Local Charity Growing Project Needing Land in Lacombe County On May 13, a volunteer farmer …

KATHMANDU, MAY 19 The recent local elections have shaken the collection of deposits in the country’s commercial banks during the 10th month (from mid-April to mid-May) of the current financial year. According to the latest data provided by the Nepal Bankers’ Association (NBA) – the apex organization of commercial banks …

Over the past two weeks, NMB Bank has witnessed an increase in cash withdrawals from savings accounts, as is usually seen before major festivals. “We guess it’s because of the election,” said Sunil KC, chief executive of NMB Bank. “Such withdrawals usually take place during festivals like Dashain and Tihar.” …

THE Small Business Corp. (SBCorp), the finance arm of the Department of Trade and Industry (DTI), recently announced that it has imposed an interest rate on loans made to micro, small and medium-sized enterprises (MSMEs). At the launch of a new flagship lending program, SB Corp showcased its new online …

Small Business Corporation (SBCORP), the microcredit arm of the government, is launching a versatile RISE UP micro-loan program of 6 to 7 billion pesos to support the recovery of micro, small and medium enterprises after the pandemic. SBCORP spokesperson Robert Bastillo announced at the Laging Handa public briefing that the …

THE CENTRAL BANK wants to require lenders to allocate credit for the development of new technologies and innovations for various services. — BW FILE PHOTO CENTRAL BANK PROThe possibility of imposing a loan quota for the development of new technologies and innovations for various services will be affect negative to …

KARACHI: Former central bank governor Syed Salim Raza came out on Monday with all guns against the subsidy-hungry private sector that survives on taxpayers’ money despite massive inefficiencies. Addressing a seminar organized by the Pakistan Institute of Development Economics, the former governor of the State Bank of Pakistan (SBP) said …

A bank staff member counts RMB and US dollar notes in Nantong, Jiangsu Province. [Photo/Sipa] The Chinese yuan tumbled against the U.S. dollar on Monday as investor sentiment weakened further amid resurgence in domestic COVID-19 cases and rapid tightening by the U.S. Federal Reserve, experts said. Monday. They called for …

What are cookies As is common practice with almost all professional websites, https://cyprus-mail.com (our “Site”) uses cookies, which are tiny files downloaded to your device, to improve your experience. This document describes what information they collect, how we use it and why we sometimes need to store these cookies. We …

The Bangko Sentral ng Pilipinas (BSP) and Agricultural Credit Policy Council (ACPC) listed 37 Rural Financial Institutions (RFIs) for agricultural lending as of the end of March this year. The list included one more rural bank among its nine accredited RFIs at the end of January. The new addition is …

What are cookies As is common practice with almost all professional websites, https://cyprus-mail.com (our “Site”) uses cookies, which are small files downloaded to your device, to improve your experience. This document describes what information they collect, how we use it and why we sometimes need to store these cookies. We …

The tax authorities failed to meet the revenue collection target in the first nine months of the current fiscal year, raising the question of whether domestic economic activities have also fallen alongside deteriorating indicators of the external sector of the economy. The external sector of the economy (international economic transactions) …

China’s explicit call to reduce the amount of bank cash reserves and increase lending has bolstered expectations of an imminent policy easing, but economists say any credit easing may not be enough to push back the prospect of a deep economic downtrend. Growth in the world’s second-largest economy has slowed …

Marie Renard Luquette | MBA, CLU, ChFC Advice from Allworth: Running out of money in retirement Amy Wagner with Allworth Financial discusses the lack of money in retirement. Allworth Financial, Cincinnati Investigator Retirement planning usually begins when we get our first job. Our employer often contributes, and we set aside …

BEIJING, April 14 (Reuters) – China’s explicit call to reduce the amount of banks’ cash reserves and increase lending has raised expectations of an imminent policy easing, but economists say any Credit easing may not be enough to fend off the prospect of a deep economic downtrend. Growth in the …

Rastriya Banijya Bank has provided concessional loans and some loans to the productive sector in recent months amid a shortage of loanable funds from generally resource-rich banks. Due to excessive lending in the first months of the current fiscal year by almost all banks and financial institutions, the banking sector …

Around the world, prices for goods and services have risen as economies slowly emerge from restrictions that governments and medical authorities have deemed necessary to put in place to contain the spread and death toll from SARS-CoV -2, the virus that causes COVID-19. Unsurprisingly, stores, offices and businesses emerged from …

The co-chairman of the House of Representatives economic stimulus group said Monday that stable jobs and low prices should be the Duterte administration’s “last-round priority.” Even if the economy returns to pre-pandemic levels, Albay Representative Joey Sarte Salceda said unstable incomes and high prices could still lead …

Interest rates typically fall during recessions as loan demand slows, bond prices rise, and the central bank eases monetary policy. During recent recessions, the Federal Reserve has cut short-term rates and eased access to credit for municipal and commercial borrowers. No price in the economy is as important as the …

The Fed repeatedly makes policy mistakes by ignoring wild swings in nominal GDP. Today, two major news outlets published compelling arguments in favor of targeting the NGDP. Here is Clive Crook in the Washington Post: The Fed has delayed raising interest rates until now as it did not know …

The national government’s response to Covid-19 has amounted to 3 trillion pesos since the start of the pandemic, the Department of Finance (DoF) reported. “When the Covid-19 hit, the Duterte administration acted quickly to protect the lives of Filipinos. The Philippines’ direct response to the Covid-19 crisis has so far …

MANILA (Philippine Daily Inquirer/Asia News Network): Senatorial candidate Loren Legarda has again urged the government to preserve Filipino culinary heritage and promote sustainable food security. As the country celebrates Filipino Food Month with the theme “Filipino Food Key to Development and Change”, Legarda stressed that food is an essential part …

Read this in the Manila Times digital edition. Presidential candidate Ka Leody De Guzman enters the room for ‘The Deep Truth’ interview program by SMNI, held at the Okada Manila on March 26, 2022. PHOTO BY JOHN RYAN BALDEMOR THE presidential candidates in the upcoming elections all want to help …

KATHMANDU, March 31: The Nepal Stock Exchange (Nepse) fell by 23.95 points on Thursday as the amount of one-day turnover also fell to 1.89 billion rupees after banks failed to managed to improve their liquidity position even at the end of the third quarter of this year. According to Nepse, …

Three out of four Filipino MSMEs unable to secure adequate financing Micro, small, and medium-sized enterprises (MSMEs) make up over 99% of businesses in the Philippines and employ about 62% of the workforce, but these essential businesses face significant barriers to growth when it comes to business. access to business …

Historically, the impact of inflation on families has two aspects. The bad news is that everyone’s take-home pay is worth less. The most recent calculation is that current inflation has accelerated to a rate of 7.9%, posting the highest rate of inflation in over 40 years. If this rate of …

Micro, small and medium-sized enterprises (MSMEs) make up 99.5% of business establishments in the Philippines, employ 63% of the workforce, and are responsible for around 40% of the country’s gross domestic product (GDP). This sector has been one of the hardest hit by nearly two years of quarantine and lockdown …

Senate candidate and former Secretary of Defense Gilbert ‘Gibo’ Teodoro. CONTRIBUTED PHOTO SENATE candidate and former defense chief Gilbert “Gibo” Teodoro wants the two public lenders to increase their support for the agricultural sector. In a statement on Saturday, Teodoro said he wanted to review the policies of the Land …

The Bangko Sentral ng Pilipinas (BSP) has published proposed rules to guide banks in allocating at least four percent of their loanable funds to the development of innovation for the benefit of micro, small and medium-sized enterprises (MSMEs) and startups. The BSP in the draft circular stated that the loanable …

LAND BANK of the Philippines (LANDBANK) said it has approved more than 100 billion pesos in loans to local government units (LGUs) to fund their coronavirus response initiatives, about two-thirds of its loanable funds for related LGU projects. to the pandemic. LANDBANK approved for 101.1 billion pesos in loans at …

MANILA, Philippines – A total of 4.99 billion pesos – more than half of the funds allocated for the distribution of loans to micro, small and medium-sized enterprises (MSMEs) under the Bayanihan to Recover as One Act, or Bayanihan 2 – has not been used since mid-2021 and could have …

PHOTO BY CINDY S. REYES, DEPARTMENT OF AGRICULTURE – PHILIPPINE RICE RESEARCH INSTITUTE PHILIPPINE BANKS failed to meet the minimumcompulsory loans for agriculture and agrarian reform (agri-agra) sectors in 2021, according to the central bank. Lenders disbursed loans worth 851.76 billion pesos at the end of December in these sectors, …

MANILA, Philippines — Lending by banks in the Philippines to micro, small, and medium-sized enterprises (MSMEs) fell 3.6 percent to 463.13 billion pesos in 2021 from 480.5 billion pesos in 2020, as the sector has yet to fully recover from the impact of the pandemic, according to the Bangko Sentral …

The Free Farmers Group Federation (FFF) has published its analysis and identified ‘gaps’ in either version of the proposed amendments to Republic Act (RA) 10000 or the Agri-Agra Credit Reform Act of 2009 . It comes as Congress prepares to create a bicameral committee to reconcile Senate and House bills …

Imaginima/E+ via Getty Images (Note that this is a Canadian company and reports in Canadian dollars unless otherwise specified.) Headwater Exploration (OTCPK: CDDRF) has started a major project. In the second year of the project, management expects cash flow to exceed project needs. This is a significant advantage over many …

As many as 10 commercial banks out of a total of 27 had failed to meet the minimum credit threshold for the agricultural sector by mid-January this year, according to the Nepal Rastra Bank. Banks were indeed required to reach the threshold by mid-July last year, in line with the …

WHY is the State Bank of Pakistan’s direct lending to the government primarily harmful? And why is government borrowing from commercial banks less harmful, although a bit more expensive? These two questions continue to puzzle many experts. Since direct SBP credits to the government will be illegal following the legislation …

Lawrence Agcaoili – The Filipino Star February 13, 2022 | 00:00 MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) says farmers, fishers and micro, small and medium enterprises (MSMEs) in the agriculture, agribusiness and related sectors should be given a bullet in arm once amendments to the prescribed thresholds …

KATHMANDU, February 12: Banks are raising the interest rate on deposits citing the tight liquidity position in the country’s banking system. The Nepal Bankers Association (NBA) at a meeting on Friday decided to raise the interest rate on deposits by one percent. In the revised rate, the apex organization maintained …

The Federal Reserve has gone from cultivating a hot labor market to cutting annual inflation by 7%. This task will require much more than the expected three or even five-quarter point increases in the FF00 federal funds rate, +0.01% this year and several more in 2023. Omicron cemented hybrid work. …

IN September 2018, the Social Security System began offering the Pension Loan Program to provide immediate financial assistance to qualified SSS retirees through a low-interest loan. We are aware that in previous years most of them have applied for personal loans from various private loan companies who charge higher interest …

A bill to stimulate lending to the agriculture, fisheries and land reform sectors has passed its third and final reading in the Senate. Senate Bill (SB) 2494 or the Strengthening Agriculture, Fisheries, and Rural Development Funding Act of 2022, certified urgent by President Rodrigo R. Duterte, seeks to amend the …

OPINION: In March, the Federal Reserve will likely start raising interest rates – maybe three or four quarter points over nine months. This is barely enough to bring inflation down to 2%. Heartbreaking at 7%, demand for goods and services will continue to outstrip supply. Omicron cemented hybrid work – …

Nepal’s banking sector is heading down a dangerously risky path, not only due to a seasonal and often recurring shortage of loanable funds, but due to a combination of factors ranging from poor regulation and oversight by the authority monetary policy to blatant compromises in corporate governance practices by banks …

Paolo Romero – The Filipino Star January 31, 2022 | 00:00 MANILA, Philippines — Senator Cynthia Villar is pushing for changes to the Agri-Agra Credit Reform Act to help expand financing to farmers and fishers as well as micro, small and medium enterprises (MSME) related by allowing banks to extend …

As the government struggles to spend its existing resources, it has started to raise internal loans, fueling fears that this will lead to a further shortage of financial resources at banks which are already under pressure to lend due to the lack of of cash. On Friday, the Nepal Rastra …

With only a few months left in the 18th Congress, the Bangko Sentral ng Pilipinas (BSP) on Friday reiterated its push for pending bills conducive to economic recovery amid the protracted pandemic. Specifically, the BSP was pushing for the adoption of the following measures: the Law on the Protection of …

THE Philippines has consistently topped the gender equality rankings since the World Economic Forum launched its annual Global Gender Gap Report. The Philippines is said to have closed 78% of its overall gender gap, showing strong performance in the key areas of economic participation and opportunity, educational attainment, health and …

Friday, January 21, 2022 10:10 a.m. Salvadoran President Nayib Bukele participates in the closing ceremony of a congress for cryptocurrency investors. El Salvador made Bitcoin legal tender in September 2021. The government of El Salvador reportedly intends to offer crypto loans to small and medium enterprises (SMEs). The National Commission …

Sixth, the SAN proposal outlined the Monetary Policy Committee’s approval of the sharing of a portion of the Federation’s US dollar account for a foreign exchange transaction then scheduled for September 2007. But with the federal government’s political choice of permanently suspending the SAN, the MPC remained in the economic …

Benjamin Diokno Banks that lend to “green” and economic sustainability projects may be granted additional benefits by the Bangko Sentral ng Pilipinas (BSP) in line with the government’s push for sustainable finance. “We are now looking at the potential use of preferential rediscount rates or the provision of higher loan …

Stagflation is often a rare but worrying phenomenon that simultaneously stagnates the growth of the economy, but inflation continues to rise as economic recovery seems elusive. According to data on the country’s macroeconomic situation released last week by Nepal Rastra Bank, Nepal’s central monetary authority, consumer price inflation (CPI) in …

Inflation is a rise in the aggregate prices of goods and services across the economy. Different sectors of the economy each have their own reasons for their prices; some sectors go up while others may go down. The inflation rate tries to take all of these factors in their entirety …