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Prinz Magtulis
Prinz Magtulis

 Prinz Magtulis

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Government mulls return to power sector to boost reserves
by Prinz Magtulis - April 27, 2021 - 7:12pm
The plan, which is still in its early stages, would have the state “build the plant, operate it as a reserve, and privatize it as we go along.”
Duterte ends Aquino-era mining ban in departure from anti-mining past
by Prinz Magtulis - April 15, 2021 - 3:02pm
“The Government may enter into new mineral agreements, subject to compliance with the Philippine Mining Act of 1995 and other applicable laws, rules, and regulations,” the EO stated. 
Bad loans peaking in February see banks burn through reserves
by Prinz Magtulis - April 13, 2021 - 6:00pm
As a proportion of loan books, NPLs accounted for 4.05%, the first time they breached that level in available comparable record from 2013.
Government pandemic debt tops $15 billion as April begins
by Prinz Magtulis - April 13, 2021 - 2:51pm
The bulk of funding still came from proceeds of bond issuances, followed by money lent by the Asian Development Bank.
Loan books shrink further with banks still not lending
by Prinz Magtulis - March 31, 2021 - 12:57pm
Universal and commercial banks are still disregarding the central bank's monetary stimulus by not boosting lending.
Jobs in reopening barely allow Filipinos to get by hard times
by Prinz Magtulis - March 30, 2021 - 12:29pm
The underemployment rate soared to 18.2% in February as over 1 million people looked for bigger wages.
Public transport, 'ayuda' during ECQ? Palace says wait for rules on Monday
by Prinz Magtulis - March 27, 2021 - 8:45pm
The capital region and four nearby areas are back on lockdown on Monday. But some rules will not be clear until then.
Duterte out to bloat gov't with undermanned, underfunded agencies
by Prinz Magtulis - March 24, 2021 - 12:05pm
Government wants to put up new agencies. The existing ones are having trouble functioning with no funds and people.
Record COVID-19 cases not convincing economic planners to change tack
by Prinz Magtulis - March 21, 2021 - 12:25pm
Not even the Philippines’ record-breaking coronavirus cases can force President Rodrigo Duterte’s economic managers to change their pandemic fighting strategies.
Ang says 'no closure' of Skyway Stage 3 as mix-up being addressed
by Prinz Magtulis - March 16, 2021 - 8:41am
In a text message, San Miguel Corp. president Ramon Ang said there will be "no closure" of the 18.83-kilometer toll road.
Car sales accelerate, but tariffs still a speed bump
by Prinz Magtulis - March 11, 2021 - 4:25pm
Cars sold reached 26,230 units last month, up 12.2% from the previous month, but still down 12% year-on-year.
Meralco customers beating the heat to see March bills fall
by Prinz Magtulis - March 9, 2021 - 1:50pm
Power bills of residences consuming the typical 200 kilowatt per hour will go down “around P72” in March, Meralco said.
Jobs return stunted as inflation forces search for bigger incomes
by Prinz Magtulis - March 9, 2021 - 11:16am
The unemployment rate stayed 8.7% in January as the ranks of unemployed Filipinos grew.
Households, used to drive loans, are now dragging them down
by Prinz Magtulis - March 2, 2021 - 4:52pm
Loans by universal and commercial banks sank 2.4% year-on-year in January, the second consecutive month of decline and the worst performance since August 2006.
Recovery secured as yield rise to normalize despite US influence
by Prinz Magtulis - February 26, 2021 - 4:10pm
Domestic interest rates are tracking a surprise surge in US yields overnight on Friday, but the government expects this to be short-lived and rates to normalize on the back of central bank guidance.
0991, 0992: Dito's first service to launch in Visayas, Mindanao on March 8
by Prinz Magtulis - February 23, 2021 - 2:37pm
“It’s going to be a launch in waves,” Adel Tamano, chief administrative officer, told reporters in an online briefing.
Dennis Uy's Dito clears first performance audit
by Prinz Magtulis - February 22, 2021 - 3:51pm
China-led Dito Telecommunity has aced its first technical audit that gauged whether the telco firm meets its commitments in speed and reach as new telco player.
Skyway Extension opening delayed anew to March, June
by Prinz Magtulis - February 17, 2021 - 5:40pm
The new schedule actually represents a latest pushback from the already delayed opening supposedly this month.
Government debts get cheaper, but also fall due earlier
by Prinz Magtulis - February 16, 2021 - 1:30pm
While the risk of default remains low, given that the budget allots a specific amount to debt payment, shorter maturities also means this allocation would increase.
Jollibee partners with Yoshinoya to grow Japanese chain's local footprint
by Prinz Magtulis - February 16, 2021 - 9:32am
The partnership’s goal is to open 50 new local stores “in the long term,” up from only three currently.
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