The Mindset of an Entrepreneur
One of the most interesting narratives of the just concluded 2019 midterm elections is the tremendous support shown by the people of Mindanao to candidates supported by President Rodrigo Duterte.
New BSP Governor Doing Proactive Role
The Bangko Sentral ng Pilipinas (BSP) under a new leadership is living up to its role of supporting economic growth. It reduced the benchmark interest rates on May 9, the first time under the leadership of Governor Benjamin Diokno. A week later, it announced a 200-basis-point reduction in the reserve requirement ratio (RRR) for universal and commercial banks, a move that would effectively release over P230 billion worth of additional liquidity into the market.
As I write this column, the Commission on Elections (Comelec) is still in the process of canvassing the votes cast during the last May 13, 2019 elections. But the initial official results and the more than 98% unofficial tally by the Parish Pastoral Council for Responsible Voting (PPCRV) seem to indicate that the midterm election was a resounding success for the administration coalition.
News About MBV
Villar Group Turns Over PhilSports Arena to Medical Corps
MANILA, Philippines — Medical personnel from the Philippine National Police (PNP) will oversee and lead operations at Philippine Sports (PhilSports) Arena or ULTRA (University of Life Training and Recreational Arena) “We Heal As One” Center.
Villar Completes PICC Conversion Into COVID-19 Treatment Facility
The PICC quarantine facility – which has 294 patient cubicles, six nurse stations, and six houses outside the Forum building for the health workers – was turned over to the Philippine National Police (PNP) Medical Corps on April 15.
15 Filipinos on Forbes Billionaires List 2020; Villar is Richest in the Country
Fifteen Filipinos are among the richest individuals on earth, according to the Forbes Billionaire’s List for 2020. At the top is former Senator Manny Villar (70 years old) who is at number 286 with a net worth of $5.6 billion, followed by ports king Enrique Razon, 60, at number 565 with $3.4 billion.
The late Henry Sy’s children Hans (64) and Herbert (63) Sy are in a 72-way tie at 1063 with $2 billion, followed by siblings Harley (60) and Henry Sy Jr., (67 ), and Alliance Global Corp. Chair Andrew Tan (67) along with 58 others at number 1135 with $1.9 billion each.