THE GOVERNMENT should push for more targeted assistance to address inequalities that affect vulnerable groups, two former socio-economic planning chiefs said. "This big issue about increasing inequality, and a big part of that is coming from this digital divide access to schools, access to health, access to employment, access to almost everything now depends so much on access to the ...

BW FILE PHOTO PHILIPPINE National Bank (PNB) recorded a lower net income in the third quarter as it set aside higher credit provisions. The bank's net profit dropped 12.9% to $2.182 billion year on year in the third quarter of 2021 from $2.506 billion, based on its financial report published on Friday. "Our performance this quarter shows that PNB continues ...

BW FILE PHOTO Security Bank Corp. posted higher net profit in the third quarter, even as its operating income dropped, as it significantly reduced its loan loss provisions and expenses. The lender's net income rose 71% year on year to P1.715 billion in the July to September period from P1.002 billion, based on its quarterly report released on Friday. For ...

BW FILE PHOTO THE BANGKO SENTRAL ng Pilipinas (BSP) is also looking into forging cross-border payment agreements with Thailand and Malaysia, officials said. "There's a constant communication with ASEAN (Association of Southeast Asian Nations) neighbors to also enter cross-border agreements," Raymond O. Estioko, director of the Payment System Oversight Department of the BSP, said at the virtual Digital Pilipinas - ...

BW FILE PHOTO THE CENTRAL BANK raised P110 billion as planned via its one-month bills even as its average rate inched up following elevated US consumer inflation. The Bangko Sentral ng Pilipinas (BSP) fully awarded its 28-day bills on Friday, with the offer oversubscribed as tenders hit P110.25 billion. However, the demand was lower than the P148.69 billion seen in ...

THE PESO rebounded to close at the P49-per-dollar level on Friday amid a decline in oil prices and the increase in the country's foreign exchange buffers. The local unit ended trading at P49.85 per dollar on Friday, rising by 31.5 centavos from its P50.165 close on Thursday, data from the Bankers Association of the Philippines showed. Week on week, the ...

https://www.facebook.com/mmffofficial/ There are eight official entries in the upcoming Metro Manila Film Festival (MMFF) it was announced on Friday. And unlike last year's festival which was held online because of the coronavirus (COVID-19) pandemic, this year's festival will return to the cinemas from Dec. 25 to Jan. 8, 2022. Out 19 submissions, this year's lineup returns to eight titles compared ...

COURTESY OF PHILIPPINE STOCK EXCHANGE, INC. PHILIPPINE shares closed higher on Friday on positive sentiment due to the ongoing economic recovery and strong third quarter corporate earnings. The bellwether Philippine Stock Exchange index (PSEi) increased 51.19 points or 0.69% to end at 7,382.84, while the broader all shares index rose 11.78 points or 0.29% to close at 3,964.68. Japhet Louis ...

The water quality of Manila Bay is improving but scientists aren't ready to declare it swimmable just yet. "There's a long way to go," said Gil S. Jacinto, an oceanographer and retired professor from the University of the Philippines (UP) Marine Science Institute, on Manila Bay meeting Class SB status -- a designation that means a body of water can ...

WELLINGTON - U.S. President Joe Biden and Chinese leader Xi Jinping are expected to address leaders of the Pacific Rim late on Friday amid heightened regional trade and geopolitical tensions. China set the tone for the 21 member Asia Pacific Economic Cooperation (APEC) meeting this week, with Xi warning in a video recording on Thursday that the region must not ...