Monday, September 27, 2021
Dominguez bats speed up for digital switch | Headline PH

Dominguez bats speed up for digital switch

  Staying viable would mean speeding up the digital switch, says Finance Secretary Carlos Dominguez III during the virtual groundbreaking ceremonies of the Union Bank of the Philippines' Innovation Campus. Moving to digital space quickly and...
PH experienced a 3-month high in dollar reserves by end-April | Headline PH

PH experienced 3-month high in dollar reserves by end-April

  Does it paint a rosy picture for the Philippines that its dollar reserves continue to grow, side-by-side the impact of being the worst hit by the pandemic in Southeast Asia? MANILA — The end...
BSP requires banks to apply risk-focused screening | Headline PH

BSP requires banks to apply risk-focused screening

MANILA — Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno signs BSP Circular No. 1112 directing banks to apply adequate policies, risk management, and control measures in hiring, and performance management of bankers. The BSP...
PH working on staying out of the gray list area | Headline PH

PH working on staying out of the “gray list” area

MANILA — The Financial Action Task Force (FATF), the global money laundering and terrorist financing watchdog places countries or jurisdictions on the "gray-list" when too tight bank secrecy laws prevent the task force from...
Term deposit rates up anew | Headline PH

Term deposit rates up anew

MANILA – Term deposit facility (TDF) rates of the Bangko Sentral ng Pilipinas rose Wednesday, still on investors' demand for yields amid the elevated inflation rate. The central bank data shows the average rate of...
BAP elects PNB's Veloso for president | Headline PH

BAP elects PNB’s Veloso for president

MANILA — The Bankers Association of the Philippines (BAP) elects its new president in Philippine National Bank (PNB) President and Chief Executive Officer Jose Arnulfo "Wick" Veloso during its annual membership meeting. Veloso says his...

PH debt break ₱10 trillion barrier by December — DBM

Data from the Department of Budget and Management (DBM) revealed that the Philippines' debt would keep rising in the next few months to end at ₱10.16 trillion by December. Outstanding loans of the national government...

Dennis Uy’s P700M loan request sparks warning vs PhilGuarantee

Davao-based businessman Dennis Uy recently made headlines once again as reports say that he eyes for a huge amount of loan worth P700 million through his company Chelsea Logistics. Alarmed by this development, Bayan Muna...

Closed bank assets sold reaches P277 million – PDIC

The Philippine Deposit Insurance Corporation (PDIC) sold P277 million worth of properties previously owned by 559 closed banks last year, higher than the total sold in 2018. In a statement issued on Monday, PDIC said...

GSIS to launch mobile app for members

The Government Service Insurance System (GSIS) plans to launch a new mobile application as part of its efforts to make its services more accessible to its members. GSIS chairman and acting president Rolando Macasaet announced...

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Poverty could push people to illegal logging, mining | Headline PH

Poverty could push people to illegal logging, mining

  “Economic gains cannot outweigh anything that endangers the life of nature and the very life of our people in general," says Bishop Socrates Mesiona. Pandemic-induced...
Rights activist warns vs China's universal extradition law | Headline PH

Rights activist warns vs China’s universal extradition law

  China is remolding Hong Kong in its own authoritarian image, armed with a national security law that outlaws dissent and has crushed its democracy...
'The arbitral win is a ‘win-win’ solution for all' | Headline PH

‘The arbitral win is a ‘win-win’ solution for all’

  Negotiations between the Association of Southeast Asian Nations (ASEAN) and China are still underway for the crafting of a final and binding Code of...