Banking & Insurance
IMF says ‘not yet there’ on need for systemic approach to high debt
The International Monetary Fund still favors a case-by-case approach to dealing with sovereign debt issues, but is closely monitoring developments to ensure it is prepared if a more systemic approach is needed, a top official said on Thursday.
Portfolio funds aggregating $13.13 billion fled the country in 2023
Speculative investments that flowed inward on net basis in 2022 reverted to a net outflow last year when interest-sapping high inflation helped make the Philippines one of the more costly places to make an investment in 2023.
Government seeks P45 billion from treasury auctions next week
The Bureau of the Treasury is looking to raise another P45 billion next week through the auction of treasury bills and bonds to support the government’s spending plans this year.
Asialink extends P12.6B in loans, mostly to SMEs, in 2023
Asialink Finance Corp. extended loans over P12.6 billion in 2023 and projects to top it this year as it grows its customer base and resources.
GSIS ready to help members, pensioners in Davao affected by flash floods, landslides
Government Service Insurance System (GSIS) president and general manager Wick Veloso said the pension fund is prepared to extend emergency loan to members and pensioners in Davao Del Norte, Davao de Oro, Davao Oriental and Davao City beset by continuous rainfall, resulting in flash floods and landslides.
