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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.....»»
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).....»»
Restocking the Sold-Out Stanley Tumblers: Updates from Starbucks – The Daily Guardian
Starbucks and Stanley Create Chaos at Target Locations With Limited-Edition Quencher Collaboration In a recent collaboration between Starbucks and Stanley, a limited-edition 40-ounce pink tumbler.....»»
Israels war cabinet meets as western leaders urge restraint over Iranian attack
‘The Daily Guardian’ is excited to announce a limited-time offer for our readers to access unlimited FT journalism for only $1 for 4 weeks. This.....»»
Ex-President Duterte to back ChaCha if revisions limited only to economic provisions
DAVAO CITY (MindaNews / 28 February) – Former President Rodrigo R. Duterte has changed his stance on Charter Change (ChaCha), saying he will support it for as long as the constitutional reforms will be limited to economic provisions and not to extend the term of the current President, Senators, and members of the House of […].....»»
PSA to announce Q4 GDP figure today at 10 a.m.
The Philippine Statistics Authority (PSA) will announce its data on the Q4 GDP number at 10 a.m. this morning......»»
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.....»»
Daily Gospel, April 6
This is the Daily Gospel for today, April 06, 2024, which is the Satturday of Easter Week. READ MORE: Daily Gospel, April 5 Daily Gospel, April 4 Holy Gospel of Jesus Christ according to Saint Mark 16, 9-15. When Jesus had risen, early on the first day of the week, he appeared first to Mary.....»»
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......»»
Banks’ bad loans swell in 2023
The soured loans of Philippine banks picked up to 3.23 percent in 2023 from the almost two-year low in 2022, according to the Bangko Sentral ng Pilipinas......»»
Banks expect higher consumer, corporate loan demand in Q1
Despite the higher for longer interest rate scenario, Philippine banks still expect a stronger loan demand from companies and households in the first quarter of the year, according to the Bangko Sentral ng Pilipinas......»»
Restarting Business Operations After a Break
Taking a break from business operations can be a double-edged sword. While a hiatus, due to the recently concluded Holy Week, for example, may provide much-needed time for rejuvenation; the prospect of reigniting the flame and resuming operations can be daunting. However, with the right mindset and strategic approach, this transition can serve as the […].....»»
Bohol: Shabu worth P172.7M seized in 14 months
MANDAUE CITY, Cebu – Various operations made in the province of Bohol in 2023 and from January 1 to March 6, 2024 led to the confiscation of shabu worth at least P172.7 million. Police Lt. Col. Joseph Berondo, chief of operations of the Bohol Police Provincial Office (BPPO), said on Thursday, March 7, that they.....»»
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......»»
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......»»
UBS sees 2-digit credit growth for Philippines banks
Banks operating in the Philippines are expected to post a double-digit credit growth this year on the back of robust economic expansion, according to banking giant UBS......»»
Philippines, German central banks partner on capacity-building
The central banks of the Philippines and Germany have formalized their partnership on capacity-building through the signing of a memorandum of understanding......»»
RCBC the best PH bank by network uptime, and UBP ranks at the bottom
Brankas, a Singapore-based fintech software and services provider, published its first annual ASEAN Bank Stability Report to measure the network uptime performance of ASEAN-region banks, and RCBC finished in the top spot among banks in the Philippines with an uptime of 98.3% (31 hours total downtime) including a stretch of seven months with zero downtime events......»»