What Does The 2019 Hold Financially? You Might Want To Invest Now.

It's almost the end of the year and we are interested on the economic velocity of the country which calls for actions the government and the private sector should take note and make sound choices that will lead to a more financially stable growth towards the new year.

With 2018 is a big year for the Philippine economy which was greatly affected by the TRAIN Law which led to a record inflation in the middle of the year which  prompted fear to investors and businessmen. It was like a domino effect that other things followed such as the fall of the Peso which almost reached PHP54 to a US Dollar, The increase in the Jeepney and Bus fare, and other commodities.

CTB Trustees pay courtesy call to BSP Governor

The incoming 2013 Board of Trustees of the Chamber of Thrift Banks (CTB) recently made a courtesy call to Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr.  The CTB is the umbrella organization of the country’s thrift banks. The visit is in line with the 2013 CTB national convention slated on March 20 at Dusit Thani Manila with the theme:  “Thrift Banks: Building for Broader Horizons in 2013” where the Governor is among the guest speakers.

The meeting also highlighted discussions about the significant growth in the Philippine economy recently and positive outlook for more investments to be infused this 2013. The Chamber also introduced its new set of officers for the new fiscal year. 

Gov. Tetangco (seated, center); with (seated from left) CTB Auditor and Bataan Savings & Loan Bank President Lolita Simpao; CTB Trustee and University Savings Bank Director Ma. Consorcia Tamayo; CTB Convention Chair/Trustee and Isla Bank Chairman Jose Ma. Lopez-Vito III; CTB and BPI Family Savings Bank President Jose Teodoro Limcaoco; BSP Deputy Governor Nestor Espenilla, Jr.; CTB Secretary and Security Bank Savings President Gina Go; CTB Executive Director Suzanne Felix.  Standing are (from left): CTB Second Vice President and Malayan Savings Bank President George Martirez; CTB Treasurer and China Bank Savings President Alberto Emilio Ramos; CTB Immediate Past President and  HSBC Savings Bank President Patrick Cheng; CTB First Vice President and RCBC Savings Bank President Rommel Latinazo; CTB Trustee and Wealth Development Bank President Gregorio Anonas III; CTB Trustee and Queen City Development Bank President Rogelio Florete; CTB Trustee and Palawan Development Bank President Eric Mondragon; and CTB Consultant Benjamin Yambao. 

WWF and BPI Foundation reveal results to Climate Risk Assessment Study

The World Wide Fund for Nature (WWF-Philippines), in partnership with the Bank of the Philippine Islands Foundation, Inc., has released the results on the welfare of four cities – Baguio, Cebu, Iloilo and Davao – in adapting to climate change. The paper, entitled Business Risk Assessment and the Management of Climate Change Impacts, began in August 2010, reveals city-specific socio-economic baseline data for the selected cities. The selection of the cities was based mainly on the occurrence of storms, floods, drought and other extreme climate events during the past decade.

“Knowing that our country is a shared gift and responsibility, BPI firmly believes that companies must take advantage of business opportunities such as rethinking future investments and remodeling future infrastructures for the nation to grow and prosper under the circumstances brought about by this study,” says BPI President Aurelio Montinola III.