Banking & Finance

 

11 August 2020

  • ‘PHL economy can weather pandemic’–bank exec
    The Philippine economy is well-positioned to weather the adverse impact of the coronavirus pandemic, a bank official said. Security Bank President and CEO Sanjiv Vohra asserted this during an online forum last week, saying he believes the Philippine economy is being supported by “improved revenue flows, tax reforms and wise spending.” “The country’s fiscal and […]
  • Govt sees cap on stimulus package will plug deficit
    The Department of Finance (DOF) expects the cap on government’s stimulus package would prevent the deficit from ballooning. The DOF said government is willing to spend P180 billion in a stimulus package it expects could boost the economy as lockdown measures against the coronavirus 2019(Covid-19) pandemic has pushed it to a recession. The package consists […]
  • DOF chief: Law cutting CIT to be passed ‘right away’
    Finance Secretary Carlos G. Dominguez III believes that the Corporate Recovery and Tax Incentives for Enterprises (Create) bill will be passed soon. In a webinar hosted by Security Bank on Thursday, Dominguez pointed out that President Duterte has already mentioned the second package of the government’s tax reform twice during his last two state of […]
  • Citi PHL is sole settlement bank for dollar transfers
    Citibank N.A. Philippine Branch (Citi Philippines) announced it won in a bidding process conducted by the Bankers Association of the Philippines (BAP) to be the country’s sole settlement bank for domestic dollar transfers. The BAP oversees the selection of industry players who can support the banking industry in the efficient clearing and settlement of dollar […]
  • The ‘4S’ strategy to survival
    I was invited to a virtual introductory session of “Survive! Bootcamp” organized by the Convergent Experience, a Philippine-based learning and development solutions provider. The main presenter was Jam M. Mariquit, managing director at Actillegos Competitive Intelligence and senior consultant of Convergent Experience. The online session served as a teaser to a full-blown, four-day, self-paced, deep-dive program […]

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