Marcos’ PFP forges alliance with Sotto’s NPC
May 18, 2024
Philippine banks’ strong corporate governance and effective management of lending operations allowed the sector to weather the impact of the current pandemic. In a virtual briefing on Thursday, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said the domestic financial institutions (FIs) remain stable since assets, loans, and deposits remain on expansion mode amidst the challenges since last year. Citing BSP data, Diokno said the banking sector’s total assets rose by 7 percent year-on-year to PHP20.4 trillion as of end-November 2021. This was mainly driven by deposits, which grew by 9.2 percent year-on-year to PHP15.8 trillion and accounts for around
State-owned Development Bank of the Philippines (DBP) has forged a partnership with the Filipino Inventors Society, Inc. (FIS) to provide more focused support for the development of viable local projects and indigenous technologies, a top official said. DBP president and chief executive officer Emmanuel Herbosa said the bank would provide capacity-building programs in financial and operational management to Filipino inventors and scientists to improve their access to financing opportunities needed for commercial production. “Since market potential and commercial viability are very important considerations, we hope to consequently provide the necessary funding support to shepherd the projects of Filipino inventors from
The Embassy of Canada in the Philippines on Thursday announced that three non-government organizations (NGOs) will receive a total of CAD3 million (PHP120 million) funding to help the Philippines in providing relief and rehabilitation to those affected by Typhoon Odette. In a statement, the Embassy said the donation came after Canadian Prime Minister Justin Trudeau’s commitment to providing “immediate support to relief operations in the Philippines” for those affected by the typhoon in a statement on Dec. 21, 2021. The World Food Programme (WFP), it said, will receive PHP72 million to support their efforts in emergency food assistance and logistics
The World Health Organization head warned Wednesday the Omicron coronavirus variant may be less severe than delta, but remains a dangerous variant, particularly for the unvaccinated. WHO Director-General Tedros Ghebreyesus said at a coronavirus webinar that the record number of 15 million Covid-19 cases reported last week were an underestimate, but the death rate remained stable and can be lowered by getting more vaccines to people. “While the number of patients being hospitalized is increasing in most countries, it is not at the level seen in previous waves,” Tedros said. “The overwhelming majority of people admitted to hospitals around the
More than 85 percent of teaching and non-teaching personnel in higher education institutions (HEIs) have been vaccinated against the coronavirus disease 2019 (Covid-19) as of January 11, Commission on Higher Education (CHED) chair Prospero de Vera III said Thursday. “Ang ating vaccination rate sa higher ed ay mas mataas kaysa national average, ang ginagawa na nila ngayon ay mag-booster (Our higher ed vaccination rate is higher than our national average, what they’re having now are booster shots),” he said in a Laging Handa briefing Meantime, the percentage of HEI students that have been vaccinated against Covid-19 is already 60 percent.
The Manila City government has declared a one-week “health break” from online and physical classes for students in the city from January 14 to 21 under Executive Order No. 07. In a press conference on Thursday, Manila Mayor Francisco ‘Isko Moreno’ Domagoso said classes will be suspended due to the rising number of people getting infected with the coronavirus disease 2019 (Covid-19). The suspension of classes will cover all levels, online and physical classes, in all private and public schools in the city. “Marami tayong mga guro ngayon infected, marami rin tayong mga estudyante infected ng (We have many teachers
