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Submit list of bad loans for FIST – BSP

The Bangko Sentral ng Pilipinas has ordered banks to submit a list of soured loans and assets to be disposed of at substantial discounts through a new law to ensure a sound and safe financial system as the country recovers from the impact of the COVID-19 pandemic......»»

Category: newsSource: philstar philstarJun 6th, 2021

Vax certificates out next month

The government will start rolling out unified certificates to fully vaccinated individuals in August, giving local government units until the end of the month to submit their list of inoculated residents......»»

Category: lifestyleSource:  abscbnRelated NewsJul 10th, 2021

BSP ready to implement FIST Law – Diokno

The Bangko Sentral ng Pilipinas is ready to implement a new law allowing the banking sector to offload about P152 billion worth of bad loans, even at a substantial discount, to ensure a sound and safe financial system as the country recovers from the impact of the COVID-19 pandemic......»»

Category: financeSource:  philstarRelated NewsMay 30th, 2021

Duterte allies drag FIST law into Lopez loan hearing

“In the FIST law, and this is scary, there may be again abuses of the SPV law,” Anakalusugan party-list Rep. Mike Defensor said......»»

Category: financeSource:  philstarRelated NewsFeb 23rd, 2021

BI gets strict on aliens’ database

All agencies that process and issue visas are required to submit all data to the Bureau of Immigration (BI). Commissioner Jaime Morente announced that following the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-EID) resolution on the inventory of foreign nationals, visa-issuing agencies are mandated to provide the BI their list of […] The post BI gets strict on aliens’ database appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsFeb 22nd, 2021

Lawmakers in PACC list cry foul, deny accusations

Lawmakers publicly tagged by President Duterte in corruption and anomalous public works projects yesterday denied wrongdoing and vowed to submit themselves to any investigation to clear their names......»»

Category: newsSource:  philstarRelated NewsDec 30th, 2020

Appeals court reverses ruling, orders gov t to submit data on Leyte rep s inclusion on narco list

The appeals court said that while respondents perceive that their reluctance to disclose confidential information came with the notion that “’it comes with the job,’” thus must give way to lawful processes. “It cannot stand in the way of asserted constitutional rights,” the CA said......»»

Category: newsSource:  philstarRelated NewsOct 6th, 2020

Sol, PJ, Thoss head free agents list

PBA teams are given up to 5 p.m. on Wednesday, Sept. 23, to submit their 15-man rosters plus an optional reserve player for the 45th season restart in the Clark bubble and may sign up free agents or renew expired contracts until the deadline but will not be allowed any trade......»»

Category: sportsSource:  philstarRelated NewsSep 19th, 2020

DOF seeks swift passage of 2021 budget, economic measures

The Department of Finance (DOF) has sought the swift enactment by Congress of the proposed national budget for next year along with the economic priority measures to rebuild the economy and decisively defeat coronavirus. Finance Secretary Carlos G. Dominguez III ( MB FILE, Albert Garcia) During a briefing for the Senate finance committee, Finance Secretary Carlos G. Dominguez III said the timely enactment of the P4.506 trillion 2021 national budget is a key component of the government’s comprehensive program under its economic bounce-back plan. On top of the budget, Dominguez also said that a “timely and decisive” passage of several economic priority measures are needed to accelerate economic recovery. The priority measures, now pending in Congress, include the Financial Institutions’ Strategic Transfer (FIST) Act, and the Government Financial Institutions’  Unified Initiatives to Distressed Enterprises for Economic Recovery (GUIDE) bill. FIST allows banks to dispose of bad loans and non-performing assets through asset management companies, while GUIDE seeks to allow state-run banks to form a special holding company that will infuse equity, with strict conditions, into strategically important companies facing insolvency.  Likewise, the finance chief urged the Senate to pass the proposed Corporate Recovery and Tax Incentives for Enterprises Act (CREATE), which will  immediately lower the corporate income tax (CIT) rate from 30 percent to 25 percent. “The swift enactment of CREATE, FIST, GUIDE and the 2021 budget will serve to accelerate our economic recovery. We should not delay providing urgent and necessary relief to our people,” Dominguez said during the Development Budget Coordination Committee (DBCC) briefing. The DBCC is composed of the heads of the Department of Budget and Management (DBM), DOF, National Economic and Development Authority (NEDA), Bangko Sentral ng Pilipinas (BSP); and a senior representative from the Office of the President (OP). “We are committed to working closely with you on the recovery measures so that these can be enacted in a timely, decisive, and responsible manner,” Dominguez told members of the panel chaired by Senator Juan Edgardo Angara. He said the Duterte administration will continue to work with the legislature in passing the remaining packages of the comprehensive tax reform program (CTRP) that will, among others, institute reforms in property valuation and in the taxation of the financial sector. Dominguez said economic recovery also rests on sustaining President Duterte’s signature program “Build, Build, Build,” as sound infrastructure investments provide the largest multiplier effect on the economy in the form of more jobs creation,  increased consumption, and the generation of additional productive activities......»»

Category: newsSource:  mb.com.phRelated NewsSep 9th, 2020

Quezon City urges private hospitals, labs to submit list of people tested for COVID-19

Dr. Rolly Cruz, the head of Quezon City’s Epidemiology and Surveillance Unit, said the “line list” or the roster of people who were tested for COVID-19 is used as a basis in monitoring close contacts of probable and suspected cases and in informing them to isolate......»»

Category: newsSource:  philstarRelated NewsAug 13th, 2020

Government to submit 2022 budget to Congress today

Economic managers led by the Department of Finance are expected to submit before the House of Representatives today the proposed P5.024-trillion national budget for 2022, which includes a P45-billion allotment for booster shots against COVID-19......»»

Category: newsSource:  philstarRelated NewsAug 22nd, 2021

Comelec tightens rules for party-list nominees

The Commission on Elections has adopted stricter rules on the nomination, withdrawal and substitution of party-list nominees in an apparent bid to prevent another controversy similar to that of Duterte Youth......»»

Category: newsSource:  philstarRelated NewsAug 22nd, 2021

Robinsons Land’s REIT sets IPO price at P6.45 per share

The Gokongwei Group’s soon-to-list real estate investment trust RL Commercial REIT Inc. has set the final price of its initial public offering at P6.45 per share......»»

Category: financeSource:  philstarRelated NewsAug 22nd, 2021

After Pacquiao stunner, Ugas wants Spence next

Errol Spence Jr. is next on the list for WBA (Super) welterweight champion Yordenis Ugas......»»

Category: newsSource:  philstarRelated NewsAug 22nd, 2021

‘Non-extension of online voter registration will deny Filipinos their right to vote’

The Comelec decision is intended at preventing delays in other preparatory activities leading to the elections, including the finalization of the voters list. Instead of extending the registration beyond September 30, Comelec has instead extended registration hours and will be open on Saturdays and holidays. But would this be enough? The post ‘Non-extension of online voter registration will deny Filipinos their right to vote’ appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsAug 22nd, 2021

Duterte fires NEA chief Masongsong

The PACC in May filed a case against Masongsong for allegedly allowing public funds to be used for a party-list's campaign activities in 2019. .....»»

Category: newsSource:  philstarRelated NewsAug 21st, 2021

Banks lend P189 billion to MSMEs as compliance to reserve requirement

Loans extended by banks to micro, small and medium enterprises used as compliance with the central bank’s reserve requirement ratio amounted to P188.7 billion as of July, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsAug 21st, 2021

Japan releases final P4.6 billion loan tranche for Philippines pandemic response

The Philippines has formally received P4.59 billion in loans, the final tranche from the total P22 billion, from the Japanese government to boost the country’s COVID response......»»

Category: financeSource:  philstarRelated NewsAug 21st, 2021

LIST: Cinemalaya 2021 winners; films now available for streaming

The short film "An Sadit Na Planeta" bagged most awards at the 17th Cinemalaya Film Festival virtual awards ceremony yesterday, including Audience Choice, Special Jury Prize and NetPac Jury Award......»»

Category: entertainmentSource:  philstarRelated NewsAug 20th, 2021

Agriculture loan guarantees reach P3.5 billion in H1

The government extended P3.5 billion in guarantees to loans in the agriculture sector in the first semester, nearly achieving the full year target of P3.7 billion......»»

Category: financeSource:  philstarRelated NewsAug 20th, 2021

Rep. Claudine Bautista nagpaliwanag na sa bonggang Balesin wedding; Michael Cinco nag-sorry din

Claudine Bautista at Jose French Lim NAGPALIWANAG na si Congresswoman Claudine “Dendee” Bautista sa publiko matapos makatanggap ng kaliwa’t kanang batikos dahil sa engrande nilang kasal ni Jose French “Tracker” Lim. Ilang araw ding nanahimik ang kongresista at party-list representative ng Drivers United for Mass Progress and Equal Rights o DUMPER sa gitna ng pangnenega […] The post Rep. Claudine Bautista nagpaliwanag na sa bonggang Balesin wedding; Michael Cinco nag-sorry din appeared first on Bandera......»»

Category: newsSource:  inquirerRelated NewsAug 19th, 2021