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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.....»»
RCBC credit cards now made from recycled PVC
Yuchengco-led Rizal Commercial Banking Corp. has phased out single-use plastics and shifted to recycled polyvinyl chloride plastic in producing its credit cards as part of its efforts to lessen carbon emissions and promote sustainability......»»
Japan credit rater bullish on Philippine growth this year
The Philippine economy is likely to grow by six percent this year, mainly driven by robust private consumption amid easing prices and stable remittances, Japan Credit Rating Agency Ltd. said......»»
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......»»
BPI lends fresh P7 billion to Home Credit Philippines
Bank of the Philippine Islands has extended an additional P7 billion loan to Home Credit Philippines, making it the financing firm’s biggest lender......»»
Tax credit scam: 5 ex-DOF execs get 8 years
The Sandiganbayan has affirmed the conviction of five former officials of the Department of Finance for graft over the multibillion-peso tax credit scam in the 1990s......»»
High rates dampen credit growth in 2023
he expansion of credit in the country slowed last year as the still elevated cost of borrowing dampened demand, the Bangko Sentral ng Pilipinas said......»»
BPI sees stronger credit growth
Bank of the Philippine Islands expects a robust growth in credit this year amid the country’s economic expansion and the planned interest rate cuts by the Bangko Sentral ng Pilipinas......»»
Wise takes no credit
PBA legend Francois Wise claims no credit in how his godson Bennie Boatwright Jr. has become an outstanding basketball player although it’s often mentioned he was responsible for teaching the San Miguel Beer import his rebounding techniques......»»
Bank credit growth slows anew in November
The expansion of credit in the country slowed anew in November 2023 due to still elevated interest rates, the Bangko Sentral ng Pilipinas said......»»
PH media slam Chinese foreign ministry’s claims of manipulating WPS reports
Philippine media groups criticized the Chinese foreign ministry for suggesting that recent reports on Chinese harassment of Filipino vessels in the West Philippine Sea involved video manipulation and sensationalism to portray the Philippines as a victim. The Foreign Correspondents Association of the Philippines (Focap) and National Union of Journalists of the Philippines (NUJP) expressed offense.....»»
DFA summons Chinese envoy over latest sea confrontation
The DFA said in a statement that the agency summoned the chargé d'affaires of the Chinese Embassy to protest “aggressive actions” by the China Coast Guard (CCG) and Chinese maritime militia against a civilian boat supplying troops stationed at BRP Sierra Madre in Ayungin Shoal. .....»»
Celebrating 50 years of APCU
Last Monday, Feb. 26, 2024, the Association for Philippines-China Understanding celebrated its 50th anniversary at The Manila Hotel. As a new member of this organization, I was honored to meet more friends from the Filipino-Chinese community as well as the Chinese embassy in the Philippines, where it was very touching to be acknowledged for my Chinese roots, being part of the Lim family, as well as for the columns that I continue to write in The Philippine STAR, most especially when the original author of Roses and Thorns was my granduncle, Alejandro Roces......»»
Philippine coast guard says Chinese claim of intrusion ‘inaccurate’
MANILA/BEIJING (Reuters) – A Philippine coast guard official on Thursday described as “inaccurate” its Chinese counterpart’s claim that a fisheries vessel “illegally intruded” into Beijing’s waters. The Chinese coast guard said earlier on Thursday it drove away a vessel of the Philippines’ Bureau of Fisheries and Aquatic Resources (BFAR) and accused them of “illegally intruding”.....»»
Complaints filed against 3 Chinese nationals for using firecrackers
DAVAO CITY (MindaNews / 13 February)—Complaints have been filed against three Chinese nationals on Tuesday before the Office of the City Prosecutor for violating the 21-year-old ordinance of Davao City banning the use of firecrackers during the celebration of Chinese New Year at the Royal Pines Subdivision here at 12:06 a.m. on Saturday, a local […].....»»
3 Chinese nationals nabbed for violating Davao City’s firecracker ban
DAVAO CITY (MindaNews / 11 February) – Three Chinese nationals who used pyrotechnics to welcome the Chinese New Year here are facing charges for violating City Ordinance 060-02 or the firecracker ban. Arrested by operatives of the Davao City Police Office (DCPO) for using pyrotechnics at the Royal Pines Subdivision along Shrine Hills in Matina […].....»»
Chinese New Year: The faith there is inside Cebu’s Taoist Temple
CEBU CITY, Philippines – “Patience is indeed a virtue; with it comes greater power.” This proverbial phrase holds a valuable weight in Chinese culture, particularly in matters of faith and religion, where many believe in the transformative power of patience. In celebration of Chinese New Year on Saturday, February 10, CDN Digital did a quick.....»»
WATCH: For Chinese New Year, even Catholics visit this Manila Buddhist temple
Filipino-Chinese families make a unique display of faith and culture as they visit Seng Guan Temple, one of Manila's biggest Buddhist temples, on the eve of Chinese New Year 2024.....»»
How Chinese Religion clashed – and mixed – with Filipino Christianity
Chinese New Year shows the unique faith of Filipino-Chinese families, visiting Buddhist temples to honor their ancestors while still professing faith in the Catholic Church.....»»
Marcos tells Fil-Chinese community to reflect on past accomplishments
MANILA, Philippines — President Ferdinand Marcos Jr. recognized the “heritage of the dragon” as the country marked the Chinese New Year on Saturday. In a message to the Filipino-Chinese community, Marcos encouraged reflection on the past year’s accomplishments and eagerness to embrace the opportunities that the coming year offers. “This occasion brims with infinite opportunities.....»»