MANILA – The Bangko Sentral ng Pilipinas raised the need to ensure credit standards in the country to guarantee a strong financial system that is supportive of the public’s needs, a government press release said.

BSP Governor Amando Tetangco Jr. said that some banks were complying more than the 10 percent allocation on Micro, Small and Medium Enterprises lending.

Tetangco said penalty for non-compliance on the MSME lending rule had been raised but stressed that more than the compliance issue what is important is the support being extended to the MSME sector.

Sugar gab to tackle
challenge of 2015

A sugar forum on the theme  “Meeting the Challenge of 2015” is set at the Planta Centro Hotel in Bacolod City tomorrow morning, Enrique Miguel Lacson, president  of the UP Los Baños Alumni Association – Negros Occidental chapter, said yesterday.

The forum, sponsored  by the UPLBAA - Negros Occidental Chapter, is being held  to update stakeholders on the efforts being undertaken by the government to enable the Philippine sugar industry  to survive the lowering of tariffs on imported sugar by 2015, Lacson said.

“We are urging industry stakeholders to attend,”  he said.

Employers urged anew:
Implement pay increase

Regional director, Ponciano Ligutom, of the Department of Labor and Employment yesterday reminded all employers to implement Wage Order No. 20 that was approved by the Regional Tripartite Wage and Productivity Board early this year.

The wage order provides for the P12 increase in the minimum wage making it P277 for companies employing more than 10 workers, P235 for companies with 10 workers for the commercial sector and P245 for plantation and P235 for non-plantation for the agriculture sector, Ligutom said.

He also said that upon approval, the DOLE has publicized the wage order on May 16 in the “Hublas Kamatooran” local newspaper.

back to top