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What I Can See and Feel
I can see the sky getting darker I can hear the gods playing with thunder I can see the wind blowing stronger I can hear the cats meowling, dogs barking harder. I can feel you when you smile and when you cry, inside As you go through life's long and bumpy ride I can see you even when you hide As you lick your wounds, I am by your side. I can see.....»»
Public sector banks doing better in managing NPAs vis-a-vis their private counterparts: FICCI-IBA survey
New Delhi [India], March 21 (ANI): Public sector banks in India are doing better in comparison to their private sector counterparts in terms of non-performing assets, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) found. A nonperforming asset refers to loans or advances that are on the brink of default. According to the survey, a large majority (77 per cent) of the respon.....»»
ADB approves 655,000 USD to help Philippine rural banks digitization
MANILA, Feb. 19 (Xinhua) -- The Asian Development Bank (ADB) on Monday said it will provide grants totaling 655,000 U.S. dollars for the digitization of nine rural banks and a bank consortium in the Philippines. The grants are part of ADB's Fintech for Inclusion Transformation (FIT) program. The grant awardees were chosen from among rural banks nationwide serving women, farmers, fisherfolk, and micro, sma.....»»
ADB approves 655,000 USD to help Philippine rural banks digitization
MANILA, Feb. 19 (Xinhua) -- The Asian Development Bank (ADB) on Monday said it will provide grants totaling 655,000 U.S. dollars for the digitization of nine rural banks and a bank consortium in the Philippines. The grants are part of ADB's Fintech for Inclusion Transformation (FIT) program. The grant awardees were chosen from among rural banks nationwide serving women, farmers, fisherfolk, and micro, sma.....»»
Digital banks seen profitable in 5-7 years
Digital banks in the Philippines need five to seven years to become profitable, as only two out of six online lenders are doing well so far, according to the Bangko Sentral ng Pilipinas......»»
Globe reports steep 73.7% decline in blocked bank-related spam, scam SMS in 2023
The telecommunications company Globe has reported a significant 73.7% decrease in the number of blocked spam and scam SMS related to banks in 2023. This reduction is a result of the interception of 21.9 million bank-related fraudulent messages, a sharp decline from the 83.39 million messages blocked the previous year. Globe attributes this achievement to its proactive strategies and strong partnerships with major banks and financial institutions in the Philippines. The company has established anti-fraud alliances with the Bankers Association of the Philippines and individual players in the finance sector, enabling the sharing of data and intelligence to prevent and investigate fraud effectively. Anton Bonifacio, Chief Information Security Officer at Globe, emphasized the company's commitment to combating financial fraud and enhancing security measures for customer protection. Globe has invested approximately US$20 million to improve its spam and scam SMS detection and blocking system and operates a 24/7 Security Operations Center to filter out unwanted messages from both international and domestic sources. Despite certain limitations, Globe remains dedicated to customer protection and emphasizes the need for a unified approach in the fight against fraud. The company is focused on leveraging technology and strengthening alliances with key stakeholders to combat fraudulent activities. As Globe continues to advance its technologies and collaborations, it aims to provide a safer and more secure digital environment for its customers. For more information about Globe and its initiatives, visit www.globe.com.ph. (SPONSORED CONTENT).....»»
‘Invest to generate passive income’
Now is the time to invest to generate passive income as inflation is expected to slow down this year, according to a financial analyst......»»
EDITORIAL - Invest in women, accelerate progress
The international community marks Women’s Day today with governments enjoined to invest in the empowerment of women......»»
MGen, Aboitiz to invest in Chromite Gas Holdings
Pangilinan-led Meralco PowerGen Corp. has partnered with Aboitiz-owned Therma NatGas Power Inc. to invest in Chromite Gas Holdings, as part of a plan to launch the country’s first and most expansive integrated liquefied natural gas facility in Batangas......»»
Coca-Cola to invest US$1B more in PH
Coca-Cola to invest US$1B more in PH.....»»
Coca-Cola to invest add l $1B in PH
Coca-Cola to invest add l $1B in PH.....»»
Meralco to invest P280 million for Metro Manila Subway
Pangilinan-led Manila Electric Co. will invest P280 million for the Metro Manila Subway Project......»»
PH businesses warned against rising ransomware, phishing threats
MANILA —Cybersecurity company Fortinet has cautioned Philippine businesses about a potential rise in ransomware and phishing incidents this year. They emphasize that hackers are persistently launching digital attacks to disrupt operations for financial motives. According to a survey by Fortinet and conducted by International Data Corp. (IDC), ransomware and phishing attacks are the primary cyber.....»»
Apple Overtakes Samsung as World’s Top Smartphone Seller after Over a Decade
Apple has dethroned Samsung as the world’s leading smartphone seller, marking the end of Samsung’s 12-year dominance according to stats. This comes as data from the International Data Corporation (IDC) revealed that Apple secured the top spot in 2023, having sold 234.6 million units, claiming a 20.1% market share. In contrast, Samsung trailed with 226.6 […].....»»
AsPac govts spending heavily on digital security
As state agencies fall victim to cyber attacks, the public sector in Asia Pacific, including in the Philippines, is investing at least $7 billion this year for the upgrade of digital defenses......»»
ICT spending in AsPac reaches $1.3 trillion in 2023
Information and communications technology spending in Asia and the Pacific reached the $1.3 trillion mark in 2023, as companies increased their investments on automation and cloud to survive and thrive in the digital era......»»
Fitch keeps credit rating of 5 Philippine banks
Fitch Ratings has affirmed the credit rating of five of the country’s biggest banks and kept its stable outlook, on the back of a likely robust economic growth over the next two years......»»
Banks’ bad loans rise in February
The soured loans of Philippine banks picked up for the 14th straight month in February, bringing the gross non-performing loan ratio to a steady 3.44 percent, amid high interest rates......»»
Indian banking sector continues to improve with better asset quality, high credit growth: Survey
New Delhi [India], March 21 (ANI): The health of the Indian banking sector continues to improve with better asset quality and high credit growth, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) showed. The eighteenth round of the survey was carried out for the period July to December 2023. Those banks that were surveyed together represent about 77 per cent of the banking i.....»»
Moody’s outlook: Philippine banks remain on stable footing
Moody’s Investors Service has maintained a stable outlook for Philippine banks as interest rate cuts from the Bangko Sentral ng Pilipinas this year are seen to support economic recovery......»»