The Bangko Sentral ng Pilipinas continues to report the strong rise of domestic liquidity or M3 and it attributes this to several factors such as the withdrawals from the central bank's special deposit account, a government press release said.
In January 2013, M3 growth posted its record-high growth of 38.6 percent from month-ago's 32.7 percent.
“We were expecting 30 percent but it came out at 38.6,” BSP Deputy Governor Diwa Guinigundo said yesterday.
Another hearing set over
The Bacolod Sangguniang Panlungsod Committee on Transportation and Traffic will hold another public hearing on March 20, on issues involving the North Bound Terminal.
This is intended to determine the compliance of businessman Crispin Chua, president of the Friendly Ghost Business Center, with the requirements or recommendations involving its contract with the City Government of Bacolod.
The committee chaired by Councilor Carl Lopez, recommended that Chua comply fully with all the provisions of the memorandum of agreement with the city, and to obtain building and occupancy permits for all the structures necessary for its operations within the terminal by Jan. 31.
12 SMEs to join
Twelve small and medium enterprises have signified to join the credit and collection management, and the corporate image-branding seminars, records from the Metro Bacolod Chamber of Commerce showed yesterday.
The qualification trainings for local business managers of small and medium and micro enterprises will be conducted so they can compete with other business managers in the country, MBCCI president Frank Carbon said.
He said this will stimulate economic activity, as there is a need to extend credit to businesses and consumers and it is necessary to have prudent management for these credit grants, he said.