Cash remittances growth fastest in five months

By Luz Wendy T. Noble, Reporter MONEY sent home by overseas Filipino workers (OFWs) in February jumped by its quickest pace since September last year, as key economies began reopening after the widespread rollout of coronavirus disease 2019 (COVID-19) vaccines. Inflows rose 5.1% to $2.477 billion from $2.358 billion in February 2020, based on data […]

Cash remittances growth fastest in five months

REUTERS By Luz Wendy T. Noble, Reporter MONEY sent home by overseas Filipino workers (OFWs) in February jumped by its quickest pace since September last year, as key economies began reopening after the widespread rollout of coronavirus disease 2019 (COVID-19) vaccines. Inflows rose 5.1% to $2.477 billion from $2.358 billion in February 2020, based on […]

BSP tightens know-your-employee rules for banks

BW FILE PHOTO BSP CIRCULAR No. 1112, signed by Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno on April 8, directed banks to apply adequate policies, risk management and control measures in hiring and performance management of bankers. Under the new rules, banks will now have to use BSP records to screen applicants, where […]

BSP tightens know-your-employee rules for banks

BSP CIRCULAR No. 1112, signed by Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno on April 8, directed banks to apply adequate policies, risk management and control measures in hiring and performance management of bankers. Under the new rules, banks will now have to use BSP records to screen applicants, where findings will be […]

Philippines hopeful of vaccine manufacturing investments by 2022

The Philippines is hoping to attract investments for domestic vaccine manufacturing. — PHILIPPINE STAR/ MICHAEL VARCAS INVESTMENTS for domestic vaccine manufacturing could start coming into the Philippines by next year, Trade Secretary Ramon M. Lopez said on Thursday. Several firms are in talks with technology providers to locally produce coronavirus disease 2019 (COVID-19) vaccines. “Hopefully, […]

Philippines hopeful of vaccine manufacturing investments by 2022

The Philippines is hoping to attract investments for domestic vaccine manufacturing. — PHILIPPINE STAR/ MICHAEL VARCAS INVESTMENTS for domestic vaccine manufacturing could start coming into the Philippines by next year, Trade Secretary Ramon M. Lopez said on Thursday. Several firms are in talks with technology providers to locally produce coronavirus disease 2019 (COVID-19) vaccines. “Hopefully, […]

Fruitas incurs losses as pandemic hits food sector

COMPANY HANDOUT FRUITAS Holdings, Inc. recorded a P48-million net loss last year due to lower consolidated revenues caused by the temporary closure of some of its stores amid the coronavirus disease 2019 (COVID-19) pandemic. In a stock exchange disclosure on Thursday, the listed food and beverage kiosk operator said consolidated revenues dropped 54% to P892 […]

Fruitas incurs losses as pandemic hits food sector

FRUITAS Holdings, Inc. recorded a P48-million net loss last year due to lower consolidated revenues caused by the temporary closure of some of its stores amid the coronavirus disease 2019 (COVID-19) pandemic. In a stock exchange disclosure on Thursday, the listed food and beverage kiosk operator said consolidated revenues dropped 54% to P892 million in […]