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Prinz Magtulis
Prinz Magtulis

 Prinz Magtulis

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Philippines tries to go long to arrest shortening debt maturities
by Prinz Magtulis - June 1, 2021 - 3:42pm
The Philippines is out to test investors’ appetite for longer-dated debts in a bid to stop maturities from further deteriorating and put limited government resources in a bind, no thanks to last year’s...
A month after, pantries thrive or die as help movement evolves
by Prinz Magtulis - May 21, 2021 - 3:33pm
Over a month since makeshift markets suddenly sprouted in the country, a few are finding themselves on the brink of closing shop, unable to survive merely on the back of an overwhelming sense of generosity.
With pledges up, PEZA says investors left 'either' unfazed or worried by CREATE
by Prinz Magtulis - May 12, 2021 - 3:15pm
“Whether or not this was affected by CREATE, we would have to wait for the IRR (implementing rules and regulations),” PEZA said.
Jollibee gets boost from overseas expansion as home outlets lag behind
by Prinz Magtulis - May 12, 2021 - 12:21pm
The homegrown food brand booked profits of P49 million in the first quarter.
Economy down, inflation up in pandemic-stricken Philippines in Q1
by Prinz Magtulis - May 11, 2021 - 10:09am
Gross domestic product shrank 4.2% year-on-year, and barely gained 0.3% quarter-on-quarter.
Banks stuck at grim trend of shrinking loans, rising unpaid debts
by Prinz Magtulis - May 10, 2021 - 7:26pm
Bank lending is down for a fourth straight month, while bad loans rose to their highest since August 2009.
Factories add gloom to Q1 economy with worst slump in 9 months
by Prinz Magtulis - May 7, 2021 - 12:28pm
Factory output sagging adds to growing worries that the economy underperformed in the first quarter.
Elderly join Filipino grandchildren back in labor force to boost incomes
by Prinz Magtulis - May 6, 2021 - 3:01pm
People aged 65 years and up are responsible for the widening of the labor pool to its highest level in nearly 8 years in March.
Government mulls return to power sector to boost reserves
by Prinz Magtulis - April 27, 2021 - 7:12pm
The plan, which is still in its early stages, would have the state “build the plant, operate it as a reserve, and privatize it as we go along.”
Duterte ends Aquino-era mining ban in departure from anti-mining past
by Prinz Magtulis - April 15, 2021 - 3:02pm
“The Government may enter into new mineral agreements, subject to compliance with the Philippine Mining Act of 1995 and other applicable laws, rules, and regulations,” the EO stated. 
Bad loans peaking in February see banks burn through reserves
by Prinz Magtulis - April 13, 2021 - 6:00pm
As a proportion of loan books, NPLs accounted for 4.05%, the first time they breached that level in available comparable record from 2013.
Government pandemic debt tops $15 billion as April begins
by Prinz Magtulis - April 13, 2021 - 2:51pm
The bulk of funding still came from proceeds of bond issuances, followed by money lent by the Asian Development Bank.
Loan books shrink further with banks still not lending
by Prinz Magtulis - March 31, 2021 - 12:57pm
Universal and commercial banks are still disregarding the central bank's monetary stimulus by not boosting lending.
Jobs in reopening barely allow Filipinos to get by hard times
by Prinz Magtulis - March 30, 2021 - 12:29pm
The underemployment rate soared to 18.2% in February as over 1 million people looked for bigger wages.
Public transport, 'ayuda' during ECQ? Palace says wait for rules on Monday
by Prinz Magtulis - March 27, 2021 - 8:45pm
The capital region and four nearby areas are back on lockdown on Monday. But some rules will not be clear until then.
Duterte out to bloat gov't with undermanned, underfunded agencies
by Prinz Magtulis - March 24, 2021 - 12:05pm
Government wants to put up new agencies. The existing ones are having trouble functioning with no funds and people.
Record COVID-19 cases not convincing economic planners to change tack
by Prinz Magtulis - March 21, 2021 - 12:25pm
Not even the Philippines’ record-breaking coronavirus cases can force President Rodrigo Duterte’s economic managers to change their pandemic fighting strategies.
Ang says 'no closure' of Skyway Stage 3 as mix-up being addressed
by Prinz Magtulis - March 16, 2021 - 8:41am
In a text message, San Miguel Corp. president Ramon Ang said there will be "no closure" of the 18.83-kilometer toll road.
Car sales accelerate, but tariffs still a speed bump
by Prinz Magtulis - March 11, 2021 - 4:25pm
Cars sold reached 26,230 units last month, up 12.2% from the previous month, but still down 12% year-on-year.
Meralco customers beating the heat to see March bills fall
by Prinz Magtulis - March 9, 2021 - 1:50pm
Power bills of residences consuming the typical 200 kilowatt per hour will go down “around P72” in March, Meralco said.
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