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UN experts probe $3B cyberattacks
UN experts probe $3B cyberattacks.....»»
PNP urged to step up manhunt for Quiboloy
Sen. Risa Hontiveros yesterday urged the Philippine National Police to step up its search for fugitive Apollo Quiboloy, who is the subject of three arrest warrants......»»
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.....»»
US, China defense chiefs hold first call since 2022
Pentagon - U.S. Defense Secretary Lloyd Austin spoke with his Chinese counterpart on Tuesday, the first dialogue between the two countries' defense chiefs in nearly 17 months.The Pentagon said Austin and Chinese Admiral Dong Jun discussed "defense relations" and global security issues from Russia's unprovoked war in Ukraine to recent provocations from North Korea. A press release said Austin stressed the importa.....»»
Philippines, US discuss EDCA site logistics
Defense officials of the Philippines and the United States met to discuss the logistics capabilities in Enhanced Defense Cooperation Agreement sites, the Department of National Defense said yesterday......»»
Philippines defense strategy operationalized
The Philippines is setting into motion a defense strategy focused on securing and protecting the country’s territorial waters, including marine resources, Defense Secretary Gilbert Teodoro Jr. said yesterday......»»
New Delhi raises target for defense exports
India is set to increase production of aircraft engines and gas turbines, aiming to become a major player in the arms tradeThe Indian government has increased its annual target for defense and aerospace production to $36 billion, while raising the export target to $6 billion. Indian Defense Minister Rajnath Singh said the country aims to increase its production of jet engines and gas turbines to.....»»
Philippines Defense Secretary wants more troops in islands near Taiwan
MANILA, The Philippines: The Philippines is set to bolster its military presence on islands adjacent to Taiwan, aiming to enhance its territorial defense capabilities, as announced by Defense Secretary Gilberto Teodoro. During his visit to naval facilities on the remote Batanes islands, less than 125 miles from Taiwan, Teodoro instructed the military to increase troop deployments and called for the development o.....»»
Philippines mulls defense asset acquisition from Sweden
The Philippines, through the Department of National Defense , is exploring the possibility of acquiring defense assets from Sweden......»»
EDCA with Canada, defense pact with UK – DND
Defense Secretary Gilbert Teodoro Jr. confirmed on Tuesday that a memorandum of agreement or understanding with Canada on enhanced defense cooperation is in the works and may be signed soon......»»
Defense, disaster reduction efforts highlight OCD s Canadian partnership
The Office of Civil Defense (OCD) and the Embassy of Canada officials held a dialogue on areas of cooperation, focusing on the former’s priority programs in civil defense and disaster risk reduction and management (DRRM)......»»
Swedens Defense Ministry Causes Panic with Dire War Warning – The Daily Guardian
Title: “Swedish Defense Officials Warn of Impending Conflict as NATO Membership Looms” In a shocking revelation, Swedish defense officials have issued a warning regarding the.....»»
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......»»
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......»»