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IMFC calls for global economic reforms
The International Monetary and Financial Committee (IMFC), chaired by Muhammed Aljadaan, Saudi Arabia's Minister of Finance, on Friday in Washington DC underscored the urgent need for global economic policies aimed at achieving a soft landing and breaking away from the current low growth-high debt trajectory of member countries of the International Monetary Fund.
Banks maintain loan standards amid mixed economic signals
A substantial majority of banks or 80.4 percent of their number reported maintaining their credit standards for business loans in the latest Q3 2024 iteration of the senior bank loan officers’ survey (SLOS) of the Bangko Sentral ng Pilipinas (BSP).
Filipinos see private sector as key to economic growth -Pulse survey
A recent Pulse Asia survey commissioned by the Stratbase Group reveals that a majority of Filipinos believe the private sector significantly contributes to expanding livelihood opportunities and making goods more affordable.
Telcos under pressure as Typhoon Kristine batters PH
In response to the disruptive impact of Typhoon Kristine (international name: Trami), the National Telecommunications Commission (NTC) has issued a directive to the country’s telecommunication providers to ensure uninterrupted service during the storm's aftermath.
Slower growth projected this year under latest WEO iteration
The economy is projected to expand at the rate of 5.8 percent this year in terms of the gross domestic product, according to the International Monetary Fund in its latest iteration of the World Economic Outlook (WEO).
