funds

SSS sets P60-B funding boost

The Social Security System (SSS) is deploying P60 billion worth of relief measures, including relaxed…

DOF welcomes $25-M Asean energy fund

The Department of Finance (DOF) welcomed the launch of the $25-million Regional Connectivity Fund (RCF)…

SEC allows creation of ‘umbrella funds’ to deepen local capital market

The Securities and Exchange Commission (SEC) has rolled out new rules governing “umbrella funds,” allowing…

BIZ BUZZ: Multibillion-dollar investor or carpetbagger?

This little-known company from the Middle East likes to talk big. It announced plans to…

PH to scrap $85M unused WB fund for Cebu BRT

The Philippine government has asked the World Bank (WB) to cancel about $85 million in…

What institutional funds should stop doing (If they’d like to make money, not excuses)

Institutional funds manage other people’s futures. Pension funds manage retirements. Insurance portfolios manage promises. Sovereign…

DTI doubles women’s MSME fund to P2 billion

The Department of Trade and Industry (DTI) has doubled the funding for its women-focused financing…

Xurpas divests 49% stake in Indonesian firm

Xurpas Inc. has approved the sale of its 49-percent equity interest in Indonesian firm PT…

IMF calls for higher tax collections, debt cuts

The International Monetary Fund (IMF) urged the Philippine government to boost tax collection to increase…

Economic team OKs P53.25-B fund for education, water

The Economic and Development (ED) Council has greenlit a P53.25-billion loan to fund projects aimed…