GSIS offers better loan terms for teachers
MANILA, Philippines — Public school teachers can avail themselves of a loan from the Government Service Insurance System (GSIS) with lower interest rates and repayment terms.
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Ex-ombudsman hits back at GSIS management, questions deals
MANILA, Philippines — Former ombudsman Ma. Merceditas Gutierrez lashed back at the management of the Government Service Insurance System (GSIS) after the state-run pension fund manager questioned her eligibility as a member of the board of trustees.
‘Ex-ombudsman not qualified to sit on GSIS board’
MANILA, Philippines — Results of an inquiry conducted by the Government Service Insurance System (GSIS) showed that former ombudsman Ma. Merceditas Gutierrez is not qualified to be a member of its board of trustees for not being a member of the state-run insurer at the time of her appointment in April 2023.
Marcos wants Philippines out of FATF gray list
MANILA, Philippines — The country should exit from the gray list of global anti-dirty money watchdog Financial Action Task Force (FATF) by October this year, President Marcos said yesterday, as he ordered the Anti-Money Laundering Council (AMLC) and concerned agencies to put measures in place to make this happen.
Central bank pushes use of e-gifts for holidays
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is pushing for the use of electronic aguinaldo or e-gifts even as it gave assurance of a steady supply of fresh or crisp banknotes during the Christmas season.
STAR dominates EJAP Awards
MANILA, Philippines — The Philippine STAR has been named “Business News Source of the Year” in the 32nd Economic Journalists Association of the Philippines’ (EJAP) Business Journalism Awards, where it also won recognition in nearly all categories.
Bond market expected to recover next year
MANILA, Philippines — After a sluggish performance this year because of heightened uncertainties, the corporate bond market is expected to recover next year, according to the Philippine Dealing and Exchange Corp.
Credit growth slows in September
MANILA, Philippines — Credit growth slowed for the sixth straight month to hit the slowest pace in almost two years in September as higher-for-longer interest rates continued to bite, according to the Bangko Sentral ng Pilipinas (BSP).
BPI lists P36.6 billion bonds today
MANILA, Philippines — Ayala-led Bank of the Philippine Islands (BPI) is set to list today P36.6 billion worth of bonds on the Philippine Dealing & Exchange Corp. (PDEx), more than seven times the original size of P5 billion.