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Prinz Magtulis
Prinz Magtulis

 Prinz Magtulis

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Typhoon damage seen to trigger November inflation uptick
by Prinz Magtulis - November 27, 2020 - 5:24pm
Official inflation data will be released on December 4. Year-to-date, inflation averaged 2.5%.
Decades-long fight to overhaul tax perks nears end as Senate OKs CREATE
by Prinz Magtulis - November 26, 2020 - 3:46pm
The Senate put its final stamp on the measure filed under Senate Bill 1357 on Thursday by a vote of 21-1 with zero abstentions.
Eyed as stimulus, proposed 2021 budget hurdles Senate
by Prinz Magtulis - November 26, 2020 - 12:42pm
Voting 22-0, with no abstentions, the upper chamber approved House Bill 7727 early on its plenary session.
NEDA chief rejects Bayanihan III, looks to 2021 budget for typhoon repair
by Prinz Magtulis - November 23, 2020 - 1:26pm
“The priority is to fully spend the 2020 budget and Bayanihan II,” Acting Socioeconomic Planning Secretary Karl Kendrick Chua said. 
Pandemic to hurt BPOs with first revenue decline in 11 years
by Prinz Magtulis - November 20, 2020 - 1:15pm
With revenues slightly going down, jobs creation would likewise get stalled at 1.3 million full-time employees, also below the 1.33 to 1.37 million projected a year ago.
Bank deposits up in June as Filipinos hold on to cash
by Prinz Magtulis - November 18, 2020 - 1:21pm
Total deposits rose 2.5% quarter-on-quarter to P14.24 trillion as of the end of second quarter. These were contained in 76.3 million accounts.
Ulysses shuts trading floors and halts financial markets climb
by Prinz Magtulis - November 12, 2020 - 7:57am
The typhoon battered Metro Manila overnight.
Banks, swamped with unpaid loans, are not lending
by Prinz Magtulis - November 11, 2020 - 11:20am
Banks continued to hold back from lending as loans in their books start to turn sour with the unwinding of regulatory relief extended to customers battered by the pandemic. 
Vaccine news give stocks a shot in the arm to reach 9-month high
by Prinz Magtulis - November 10, 2020 - 2:13pm
Stock investors disregarded a bad GDP report to focus on coronavirus vaccine prospects.
Duterte's stimulus bills pile up on Senate as session resumes
by Prinz Magtulis - November 6, 2020 - 1:29pm
Senators will resume session on Monday with clock ticking for the Duterte government’s proposed stimulus measures.
Stocks surge to gain back losses from lockdowns
by Prinz Magtulis - November 5, 2020 - 2:54pm
Regional markets, meanwhile, took their cue from the likelihood of a Biden presidency in the US.
Disaster funds sufficient after P5-B top-up for Rolly relief
by Prinz Magtulis - November 1, 2020 - 8:16pm
The budget chief said P8.6 billion stands ready to be spent to address the disaster brought by Typhoon Rolly.
October inflation seen under control despite typhoon-induced supply woes
by Prinz Magtulis - October 30, 2020 - 12:27pm
Typhoons that damaged crops and disrupted food supplies unlikely prompted inflation to accelerate that much in October, thanks to lower oil and water prices, the central bank said on Friday.
Catching up on delays, Dito eyes wider network by yearend
by Prinz Magtulis - October 29, 2020 - 3:01pm
“We are hoping more than 2,000 by end of 2020. Hopefully, we can achieve that so that we can offer a wider coverage to the public,” Rodolfo Santiago, chief technology officer, said.
Government ends energy neutrality, favors renewables ahead of boom
by Prinz Magtulis - October 27, 2020 - 6:06pm
The moratorium on new coal plant applications was announced in tandem with the relaxation on foreign ownership limits in geothermal energy.
Power poles blocking widened roads irk senators
by Prinz Magtulis - October 20, 2020 - 2:04pm
While billions of pesos are allotted to road building each year, little is done to remove electric posts blocking the way.
Oil demand seen back to pre-pandemic level by yearend
by Prinz Magtulis - October 13, 2020 - 3:34pm
Rino Abad, director of oil industry management bureau, said projections of better oil demand hinge on the “gradual relaxation of the quarantines” in the latter part of the year.
Large banks under negative watch on pandemic financial strain
by Prinz Magtulis - October 13, 2020 - 9:42am
Two of the biggest credit raters have lowered their outlook on the ratings of several local banks, indicating a potential downgrade soon.
Auto sales zoom to pandemic peak in September
by Prinz Magtulis - October 12, 2020 - 5:16pm
Industry officials are optimistic sales will sustain the pick-up with the economy gradually reopening.
BSP unleashes P1.9 trillion to economy, only to get some of them back
by Prinz Magtulis - October 9, 2020 - 4:39pm
The current phenomenon of money going in and out of BSP highlights the limits of a central bank that has stopped at nothing to counter the lasting economic impact of the pandemic.
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