Prinz Magtulis
Prinz Magtulis

 Prinz Magtulis

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Foreign fund exit slows in August but positive reverse seen unlikely
by Prinz Magtulis - September 25, 2020 - 9:52am
As it is though, hot money net outflows are running above the BSP's year-end forecast of $2.4 billion at $3.88 billion as of August.
With nowhere to go, investors swamp maiden BSP debt offer
by Prinz Magtulis - September 18, 2020 - 4:59pm
Investors swamped the Bangko Sentral ng Pilipinas’ (BSP) maiden debt issuance, a sign that liquidity released to help the economy recover is looking for a place to go amid weak economic demand.
Philippines' richest see fortune smashed by pandemic
by Prinz Magtulis - September 17, 2020 - 9:26am
Wealth was wiped out from most of the Philippines’ richest people this year as the pandemic left some businesses struggling while others benefitted from a change in consumer behavior brought by the health...
Gov't mulls fresh BSP bond purchases for COVID-19 fight
by Prinz Magtulis - September 14, 2020 - 5:15pm
Under existing repurchase contracts entered last March, BSP purchased P300 billion in 3-month Treasury securities.
BSP sets better money supply controls with own bonds
by Prinz Magtulis - September 9, 2020 - 6:16pm
The maiden issuance would be worth P20 billion of 28-day BSP bills on Sept. 18
Philippines lures young consumers at home to save for retirement
by Prinz Magtulis - September 8, 2020 - 11:39am
Under PERA, local workers and entrepreneurs may invest up to P100,000 and migrant workers up to P200,000 on a personal account.
Banks shun lending with loan growth slowest in over 10 years
by Prinz Magtulis - September 4, 2020 - 2:31pm
Loans extended by big banks in July grew at slowest pace since March 2010.
Senators wary FIST to leave gov't saddled with bank debts
by Prinz Magtulis - September 2, 2020 - 4:29pm
Legislators are asking where the government intends to source the capital for state banks over massive amounts of bad debts.
Sangley, other China projects to proceed despite US contractor ban
by Prinz Magtulis - September 1, 2020 - 1:45pm
Presidential spokesperson Harry Roque said the Philippines is "not a vassal state of any foreign power."
Foreign aid spending hit 8-year peak but pandemic poses fresh hurdles
by Prinz Magtulis - August 31, 2020 - 1:16pm
Acting NEDA chief Karl Kendrick Chua said agencies have improved their absorptive capacity to spend.
Meralco hit with P19-M fine over consumer bill shock
by Prinz Magtulis - August 27, 2020 - 4:58pm
The country's largest power distributor was found to have committed "neglect" against its customers.
Banks to come out of pandemic with capital nearly intact
by Prinz Magtulis - August 26, 2020 - 2:43pm
While bad loans are poised to nearly double by yearend, local lenders are seen to weather the pandemic remaining healthy.
BSP allows banks to extend more home loans
by Prinz Magtulis - August 20, 2020 - 4:17pm
An additional P1.2 trillion will be freed up in bank's vaults to lend to the property sector.
Shutdown causes financial blowback to ABS-CBN in first half
by Prinz Magtulis - August 20, 2020 - 12:32pm
In a disclosure to the stock exchange on Thursday, the Lopez-led network reported a net loss of P3.93 billion for the first six months, reversing last year’s P1.5 billion profits.
Foreign reserves jump, inch closer to $100 billion in July
by Prinz Magtulis - August 14, 2020 - 7:31pm
A revaluation of the central bank's gold holdings almost single-handedly pushed up the country's foreign reserves last month.
Dengvaxia scandal haunts Philippines' COVID-19 vaccine rush
by Prinz Magtulis - August 14, 2020 - 10:37am
Manila will be part of a global trial to test the efficacy of Russia's coronavirus vaccine. So much is at stake.
Flight restart in June offers little reprieve to Cebu Pacific
by Prinz Magtulis - August 12, 2020 - 2:44pm
The budget carrier's financial collapse came with travel heavily restricted due to the pandemic.
Philippines to give up spending hesitation if recovery stalls — Fitch
by Prinz Magtulis - August 11, 2020 - 10:39am
If the pandemic gets prolonged and recovery disrupted, the Duterte administration will have no choice but to spend more.
After Moody’s, Fitch warns of credit rating risk from uncontained virus
by Prinz Magtulis - August 8, 2020 - 9:32am
Another major credit rating agency has raised red flags over the potential impact of a long-running coronavirus health crisis on the Philippines’ creditworthiness.
Economy reopens, but big banks slow down in lending in June
by Prinz Magtulis - August 7, 2020 - 5:54pm
Outstanding loans grew at their slowest pace this year in June, but the central bank said a "pick-up" is likely.
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