GSIS eases loan penalties to boost borrower flexibility
The Government Service Insurance System (GSIS) has introduced a more borrower-friendly approach to calculating penalties on delinquent loan accounts, aiming to ease financial burdens and encourage timely payments.
ADB approves $500M loan for Philippine labor reforms
The Asian Development Bank (ADB) has approved a USD500 million policy-based loan to support the Philippine government in enhancing labor market programs aimed at improving the productivity and employability of Filipino workers. The loan will also assist in transforming the country’s investment environment to better support job creation and inclusive economic growth.
D.M. Wenceslao ranks in top 9% globally for sustainability
D.M. Wenceslao & Associates, Inc. (DMW) has secured a prestigious position in the 91st percentile of the S&P Global Corporate Sustainability Assessment (CSA) for the real estate sector, placing the Philippine Stock Exchange-listed company among the top 9 percent of real estate firms globally.
YFI initiative launched to empower Filipino youth
The interagency Financial Inclusion Steering Committee (FISC) has launched the Youth Financial Inclusion (YFI) Initiative, aiming to foster greater financial literacy and account ownership among the Filipino youth.
Mining groups warn of risks from ore export ban
The Chamber of Mines of the Philippines (COMP) and the Philippine Nickel Industry Association (PNIA) have raised concerns over the potential economic fallout of Senate Bill 2826, which seeks to ban the export of raw ore unless processing plants are built within five years.
