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Metro Manila, Davao, Zamboanga sizzle as heat index rises
Metro Manila sizzled on Monday after the heat index reached 42 degrees Celsius......»»
PDEA: 7 drivers yield positive results in drug testing
PDEA: 7 drivers yield positive results in drug testing.....»»
BTr raises P120 billion from T-bond sale
The government raised the entire program of P120 billion in long-term securities this month even as investors’ asking rates were mixed......»»
Marcos admin eyes building 20 new dams by 2028
To meet the country’s growing demand for water and power, the government is eyeing to build 20 medium and three to five large dams by 2028, the end of President Marcos’ term, according to National Irrigation Administration head Eduardo Guillen......»»
PODCAST | Departure, return: The region as liminal space in 3 Filipino films
Minda Salida #13: Departure, return: The region as liminal space in 3 Filipino films The term regional cinema was coined, or became a wave in the landscape of Philippine cinema, with the inception of the Cinema Rehiyon, an annual exhibition and gathering of regional cinemas and filmmakers all over the Philippines, led by the National […].....»»
Galunggong retail price up 20 percent
The retail price of galunggong or round scad has increased by 20 percent as fish demand rises during the Holy Week......»»
LIST: Bank schedules for Holy Week 2024
Bookmark and refresh this page for the Holy Week schedules released by banks.....»»
UnionDigital Bank revenue grows to over P5 billion
UnionDigital Bank, the digital banking arm of Aboitiz-led Union Bank of the Philippines, saw its revenue grow to over P5 billion in 2023 mainly driven by higher deposits and loans......»»
Excise tax on single-use plastics to yield P34 billion
The move to slap excise taxes on single-use plastics is seen generating P34 billion for the government and curbing the increasing mismanagement that contributes to overall pollution......»»
Recto sees ‘realistic’ 6-6.5 percent growth for Philippines
Finance Secretary Ralph Recto is looking at a “more realistic” economic growth of at least six to 6.5 percent for this year, with medium-term economic expansion likely to be tempered as well......»»
Bank loans used as RRR compliance hit P6.4 billion
Mid-sized and small banks have extended around P6.4 billion loans to micro, small and medium enterprises (MSMEs) as well as large companies, and booked these loans in compliance with their reserve requirement ratios, according to the Bangko Sentral ng Pilipinas......»»
China, Not Russia, Still Tops List of Threats to US
WASHINGTON - Russia's war in Ukraine - portrayed by top U.S. officials as posing a danger to the United States itself - still trails China when it comes to long-term threats to America's security, according to a top Pentagon official.The warning from Ely Ratner, the Defense Department's assistant secretary for Indo-Pacific security affairs, comes in testimony prepared for a hearing Wednesday by the House Armed S.....»»
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.....»»
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.....»»
The Importance of Still Keeping Loose Change
In the Philippines, the convenience of digital payments is quickly becoming the norm. There are now fewer lines to the ATMs every payday, people are now using their phones more for payments, and digital banks are becoming more prevalent. Amidst the digital transformation the country is undergoing, we often hear “I don’t have cash” from […].....»»
GCash widens global reach
Overseas Filipino workers may connect their GCash accounts with foreign banks by the second quarter of the year, expanding the financial services they can access in the e-wallet......»»
SMIC banks on areas outside NCR for growth
SM Investments Corp. (SMIC) of the Sy family is betting big on the countryside to support the group’s continued growth......»»
BSP to banks, financial institutions: Prioritize national ID as top identification
The central bank said that institutions should “adopt enhanced measures to ensure the broad acceptance of the PhilID” whether its physical or electronic version as a valid proof of identity and age for all financial transactions. .....»»
Bank assets grow 10 percent to P24.8 trillion
Philippine banks’ assets grew by 10.3 percent to P24.81 trillion in January from the P22.49 trillion recorded a year ago, according to data from the Bangko Sentral ng Pilipinas,.....»»
Banks’ bad loans ratio highest in 8 months
The share of bad loans to the banking sector’s total loan book went up to an eight-month high in January, snapping two straight months of decline, as borrowers felt the pinch of elevated interest rates......»»