DESPITE the destruction and flooding caused by typhoons Ondoy and Pepeng, the government must remember that competitiveness is one of the most pressing issues in the Philippines today. Representatives from academe and private sector highlight the importance of instituting reforms that seek to improve the country’s competitiveness even before the May 2010 polls through...
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Posts Tagged ‘ typhoon ondoy ’
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RP competitiveness remains major issue despite typhoons
P500 billion loans at risk of default
by Lawrence Agcaoili MANILA, Philippines – Billions of pesos worth of loans are at risk of ending up in default due to the devastation wrought by tropical storm “Ondoy” and typhoon “Pepeng.” Bangko Sentral ng Pilipinas officer-in-charge Nestor Espenilla Jr. said the estimated retail loan portfolio affected in calamity areas is about P500 billion...
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