Lending expands by 19.9% in April

 

By Rose de la Cruz

Bank lending expanded by 19.9 percent in April from 18.5 percent in March. The growth in bank lending inclusive of reverse repurchase placements with the Bangko Sentral ng Pilipinas  accelerated to 19.9 percent in April compared to 18.8 percent in March, according to preliminary data released by BSP.

 

 

On a month-on-month seasonally-adjusted basis, commercial banks net of RRPs and loans inclusive of RRPs increased by 2.2 and 1.2 percent, respectively.

 

Loans for production activities comprised 88.5 percent of banks' aggregate loan portfolio, net of RRP,…

Read more: Lending expands by 19.9% in April

Council stays vigilant against potential risks to financial market

 

 

By Rose de la Cruz

 

The Financial Stability Coordination Council (FSCC) recently held its quarterly meeting to assess and review potential risks to the continued stability of the Philippine financial market.

 

Launched in February 2014, the FSCC is composed of five government institutions tasked to foster a strong and resilient financial system that supports market innovation and mitigates any build-up of systemic risks. These institutions are the Insurance Commission; National Treasury (for the Department of Finance); Bangko Sentral which chairs the FSCC; Securities and Exchange Commission and the Philippine Deposit Insurance System.

 

The members of…

Read more: Council stays vigilant against potential risks to financial market

PH to host APO next regional productivity summit in 2019

 

 

By Rose de la Cruz

 

The Philippines is hosting, after Lao PDR, the 57-year old Asian Productivity Organization (APO) governing body next year, following the acceptance by the National Economic and Development Authority of the hosting rights.


NEDA Undersecretary for Regional Development Adoracion M. Navarro, currently the APO Philippine Director, represented the country in the turnover ceremony held at the APO Governing Body’s 60th Session in Vientiane last May 8-10.


“Let me thank Lao PDR for their hospitality and successful hosting of this 60th Session. And let me welcome you in advance to the Philippine hosting of the 61st Session…

Read more: PH to host APO next regional productivity summit in 2019

Heat treatment for wooden pallet allows industry to meet global standards

 

By Rose de la Cruz 

To prevent invasive insect pests and diseases from entering the country through global trade, the International Standard for Phytosanitary Measures (ISPM) No. 15 was enforced in 2002, mandating the makers of wooden packaging materials to sterilize their pallets and crates. Mode of sterilizing is either thru heat treatment or methyl bromide fumigation. 

A pallet is a flat transport structure used for shipping goods around the world. Here in the Philippines, the wooden pallet industry is able to comply with the ISPM regulation using DOST-FPRDI’s HT technology. 

Wency Carmelo, of the Forest Products Research…

Read more: Heat treatment for wooden pallet allows industry to meet global standards

BSP reorganizes for better efficiency

 

By Rose de la Cruz

 

The Bangko Sentral ng Pilipinas is implementing its phased reorganization to enhance its capability to fulfill its mandate in a changing economic landscape.

 

The reorganized BSP is expected to have four major sectors: a) the Monetary and Economic Sector in charge of monetary policy formulation, implementation and assessment. It will absorb units formerly under the former Monetary Stability Sector, specifically the departments and offices for economic research and statistics, monetary and financial policy, international operations and relations, and loans and credit; the Treasury Department, Payments and Settlements Office and Investor Relations Office…

Read more: BSP reorganizes for better efficiency

Like us in Facebook

Features

Latest News

Draft Ph. Export Development Plan supports PDP2017-2022

    By Rose de la Cruz   The National Economic and Development Authority said that the proposed Philippine export development plan (PEDP) to boost... Read More...
Remittances surge to $10.4-B in 1st 4 months of 2018

    By Rose de la Cruz   Remittances from overseas Filipinos rose to $10.4 billion in January to April 2018, up by 4 percent hitting $2 billion... Read More...
Bong still unsure of Senate run

Should he stay or should he go?  This is the question that Special Assistant to the President Christopher “Bong” Go is trying to answer and... Read More...
IMAGE In the know: Solar Philippines

Solar Philippines is currently the country’s – and Southeast Asia’s – largest solar-energy company. Founded in August 2013 by Leandro... Read More...
Wrong Dream Girl and Other Laughs

Wrong Dream GirlA FROG telephones the Psychic Hotline. His Personal Psychic Advisor tells him, "You are going to meet a beautiful young girl who will... Read More...
Confession Code and other laughs

Confession Code AN old priest who became sick of all the people in his parish who kept confessing to adultery said one Sunday, in the pulpit,"If I... Read More...
IMAGE PAGIGING MAKABAYAN

KAMAKAILAN ay tumawag ng atensyon ang plano ni Sen. Manny Pacquiao na maghain ng panukalang batas na naglalayon na isama bilang bahagi ng curriculum... Read More...
IMAGE PUTULIN ANG MONOPOLYO NG MERALCO!

SUPORTADO nang ibat-ibang consumer group kabilang na ang Institute for Consumer Research and Empowerment (ICORE) ang panukalang dapat putulin na ang... Read More...

Our Guests

Today121
Yesterday756
This week877
This month13287
Total1001157

Visitor Info

  • Your IP: 54.225.17.239

Who Is Online

14
Online

Monday, 16 July 2018
© 2016 OpinYon News Magazine Online. All Rights Reserved.

Please publish modules in offcanvas position.