News

BSP not worried about stagflation

The Bangko Sentral ng Pilipinas (BSP) on Thursday, June 16, said stagflation where there is high inflation and unemployment but slow growth, is not “an immediate risk” to the domestic economy. The BSP said the economy is fundamentally strong to sustain its growth after reporting a higher-than-expected 8.3 percent GDP expansion in the first quarter

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GSIS loans reach P221 B

State-run Government Service Insurance System (GSIS) has released P221 billion in loans to 1.38 million active members and pensioners nationwide since January last year. Rolando Ledesma Macasaet, GSIS president and general manager said on Thursday, June 16, that of the total amount of loans granted from January 2021 to May 15, 2022, P165 billion was

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