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Finance: PHL banking system to remain strong despite foreign entrants

THE increasing presence of foreign banks is unlikely to drastically change the landscape of the Philippine banking sector, an economist at S&P Global Ratings said, with the industry also seen to stay resilient despite the current rocky political scene in .....»»

Category: financeSource:  bworldonlineRelated NewsOct 30th, 2016

Banks tighten lending standards anew in Q3

MANILA, Philippines - Banks continued to tighten credit standards for loans to enterprises and households through stricter collaterals requirements and loan.....»»

Category: financeSource:  philstarRelated NewsOct 22nd, 2016

Banks further tighten lending standards in Q2

MANILA, Philippines – Banks continued to tighten credit standards for loans to enterprises through stricter collateral requirements and loan covenants, a sur.....»»

Category: financeSource:  philstarRelated NewsJul 23rd, 2016

Lending standards broadly steady in Q2

BIG BANKS left their credit standards generally unchanged during the second quarter, although some lenders said they slightly grew stricter in terms of extending loans to companies, according to results of a central bank survey......»»

Category: newsSource:  bworldonlineRelated NewsJul 23rd, 2016

Carrion: A battle-ready SEAG contingent can do better in KL

MANILA, Philippines - Cynthia Carrion, newly appointed chef-de-mission of the Philippine contingent to the 29th Southeast Asian Games, said she would make su.....»»

Category: sportsSource:  philstarRelated NewsJan 21st, 2017

Bato ready to resign

MANILA, Philippines - Philippine National Police (PNP) chief Director General Ronald dela Rosa is willing to give up his post if President Duterte will ask h.....»»

Category: newsSource:  philstarRelated NewsJan 21st, 2017

PH ready to export corn

For the first time in Philippine agriculture history, the country would be able to export its corn products after breaching its minimum production requirement......»»

Category: newsSource:  tempoRelated NewsJan 20th, 2017

Now at a bank near you: one-day check clearing

CHECK PROCESSING can now be done in just one working day -- instead of three to five banking days previously -- giving consumers faster access to funds as banks roll out today the Philippine Clearing House Corp.'s (PCHC) digital clearing system roughly four months after the central bank approved the system......»»

Category: newsSource:  bworldonlineRelated NewsJan 19th, 2017

Finance: More foreign banks searching for Philippine partners, says BSP exec

MORE FOREIGN banks have expressed their interest to invest in local banks, a signal of continuous offshore confidence in the local financial system, a central bank official said......»»

Category: financeSource:  bworldonlineRelated NewsJan 17th, 2017

S&'38;P: Philippine lure to weather Duterte talk

CONTROVERSIAL statements made by President Rodrigo R. Duterte are unlikely to spoil the Philippines’ growth story, according to a credit analyst at S&P Global Ratings who noted that such remarks have yet to translate to actual policy changes......»»

Category: newsSource:  bworldonlineRelated NewsJan 16th, 2017

Finance: Gov't partially awards T-bills as demand wanes on cautiousness

THE GOVERNMENT was only able to raise P9.09 billion in fresh funds from its first auction of Treasury bills (T-bill) for the year amid tepid demand from investors, with banks seeking higher returns due to market jitters amid global uncertainties......»»

Category: financeSource:  bworldonlineRelated NewsJan 16th, 2017

Finance: PNB banks on 'organic' growth in offshore push

LUCIO C. TAN-LED Philippine National Bank (PNB) is focusing on "organic" sources of growth for its offshore banking business this year, with the bank seeing it a challenge to add more branches abroad amid tighter foreign regulations......»»

Category: financeSource:  bworldonlineRelated NewsJan 12th, 2017

Tetangco warns of perils in 2017

WHILE the Philippine economy performed well in 2016, risks lie in wait in 2017, including global financial market volatility, the rise of populism and a retr.....»»

Category: newsSource:  philstarRelated NewsJan 11th, 2017

Piggy bank project

Minxie Romualdez, daughter of Philippine Constitution Association president Martin Romualdez and Leyte first district Rep. Yedda Marie Romualdez, holds a piggy bank while sitting on hundreds more. It’s part of her recently launched Christmas Piggy Bank Project, which aims to distribute more than 500 piggy banks—filled with donations from Minxie’s friends—to poor families nationwide to make their Christmas this year ‘a lot more special.’ Ver Noveno.....»»

Category: newsSource:  thestandardRelated NewsJan 11th, 2017

World Sports: PHL Ladies Open tees off today at Wack Wack

THE 2017 edition of the Philippine Ladies Open Golf Championship tees off today at the Wack Wack Golf and Country Club's West Course in Mandaluyong City with a cast of local and foreign aces all ready to make a go at the title......»»

Category: financeSource:  bworldonlineRelated NewsJan 10th, 2017

Red-hot SMB put winning streak on the line vs. Ginebra

After coming out to a relatively slow start by their own awesome standards, two-time defending Philippine Cup champion San Miguel has put together an impressive run as of late, blowing out everybody for a league-leading 6-1 mark. And with a quarterfinal berth already secured following five straight wins, the Beermen start working on taking one of the two playoff bonuses as the PBA continues Sunday at the Big Dome. Standing in their way is sister team Brgy. Ginebra, the same team that elimated them in the semifinals of the past Governors' Cup. Unlike the Beermen, the Gin Kings have suffered a bit of a championship hangover to start the season, stumbling to a 3-3 record so far. However, a big win last Christmas was a boost for Ginebra as they play their first game of the new year. Gametime is set at 7:00 p.m. In the first game at 4:30 p.m., Rain or Shine and Phoenix duel for solo second place, hoping to create some space between them and a crowded set of teams with four victories each. With TNT losing to NLEX Saturday, the Elasto Painters currently sit alone at the no. 2 spot with a 4-2 mark while the Fuel Masters, winners of back-to-back games, enter with a 4-3 record. .....»»

Category: sportsSource:  abscbnRelated NewsJan 7th, 2017

7-8% growth this year onward seen 'doable'

THE PHILIPPINE ECONOMY could expand by at least 7% this year on the back of a sustained investment surge and steady domestic consumption, analysts said at a First Metro Investment Corp. (FMIC) briefing yesterday, citing global events as the biggest risk while downplaying the impact of local political developments......»»

Category: newsSource:  bworldonlineRelated NewsJan 5th, 2017

PBA: Beware SMB’s wrath

Barangay Ginebra coach Tim Cone said they will try to be as ready as possible when they face the wrath of a San Miguel Beer team aching for revenge on Sunday in the Philippine Cup at the Smart Araneta Coliseum......»»

Category: newsSource:  tempoRelated NewsJan 4th, 2017

Listed companies face stricter governance code

LISTED COMPANIES must adhere to more stringent corporate governance standards this year, which nevertheless give them some flexibility to determine the best approach to adopt such principles......»»

Category: newsSource:  bworldonlineRelated NewsJan 4th, 2017

Banks still fail to comply with agri-agra loan rules

MANILA, Philippines – Philippine banks continued to fall short of the mandated threshold for agriculture and agrarian reform loans in the first nine months o.....»»

Category: financeSource:  philstarRelated NewsJan 3rd, 2017