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The funds were really used to buy high-yielding government securities that would stop the true sale of any non-performing assets to a special purpose vehicle, or SPV. On November 22, 2006, Philtrust Bank expressed their intention to buy 58% of PBCOM, buying the stakes of the Nubla and Chung families.
Philippine Business Bank (PBB, also known in Hokkien Chinese: 菲律賓商業銀行 / 菲商業銀行; Pe̍h-ōe-jī: Hui-li̍p-pin Siong-gia̍p Gûn-hâng; & Mandarin simplified Chinese: 菲律宾商业银行 / 菲商业银行; traditional Chinese: 菲律賓商業銀行 / 菲商業銀行; pinyin: Fēilǜbīn Shāngyè Yínháng) is a Filipino savings bank which focuses on corporate and small ...
The Philippine National Bank ( PNB, Filipino: Bangko Nasyonal ng Pilipinas; [3] Spanish: Banco Nacional Filipino; [4] Hokkien Chinese: 菲律賓國家銀行; Pe̍h-ōe-jī: Hui-li̍p-pin Kok-ka Gûn-hâng) is one of the largest banks in the Philippines. It was established by the Philippine government on July 22, 1916, during the American Era .
PSI. Bloomberg. PCOMP:IND. The PSE Composite Index, or the PSEi (previously PHISIX ), is a stock market index of the Philippine Stock Exchange (PSE) always consisting of 30 of the largest companies traded on the stock exchange. [1] This is in contrast to the PSE All Shares Index which is an index of all stocks traded on the PSE.
A public wealth fund ( PWF ) is a centralised government ownership vehicle structured as a holding company that owns, manages and develop operational and real estate assets, based mainly within its jurisdiction. [1] A public wealth fund at the national level is often called a national wealth fund. Examples include Temasek in Singapore, Solidium ...
The Priority Development Assistance Fund scam, also called the PDAF scam or the pork barrel scam, is a political scandal involving the alleged misuse by several members of the Congress of the Philippines of their Priority Development Assistance Fund (PDAF, popularly called "pork barrel"), a lump-sum discretionary fund granted to each member of Congress for spending on priority development ...
Revenues and funding A comparative graph of Revenue and Tax Effort from 2001 to 2010 A comparative graph of Tax and Non-Tax Revenue contribution from 2001 to 2010. The Philippine government generates revenues mainly through personal and income tax collection, but a small portion of non-tax revenue is also collected through fees and licenses, privatization proceeds and income from other ...
The Philippines has 1,975 higher education institutions as of 2019, of which 246 are public and 1,729 are private. Public universities are non-sectarian, and are primarily classified as state-administered or local government-funded. The national university is the eight-school University of the Philippines (UP) system.