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Fewer Pinoys see better quality of life – SWS poll
Despite a having a positive outlook for 2024, a smaller percentage of Filipinos expect to have a better quality of life this year, a survey conducted by Social Weather Stations showed......»»
Mapúa MCM celebrates standard of quality education with certification of ISO 21001:2018
Mapúa MCM celebrates standard of quality education with certification of ISO 21001:2018.....»»
More Pinoys hopeful for better economy, quality of life
Although still less than a majority, optimism for a better economy and personal quality of life have both increased at the end of 2023, according to a survey conducted by the OCTA Research group......»»
SWS: Only 30 percent of Pinoys say quality of life improved
Personal quality of life improved last year for only one in three Filipinos, according to a recent survey conducted by Social Weather Stations......»»
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......»»
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......»»
BSP pursues reforms to modernize banks
The Bangko Sentral ng Pilipinas is pursuing policy reforms to modernize Philippine banks and ensure a sustainable, digital and inclusive banking future......»»
US has not yet requested Quiboloy extradition – DOJ
The Philippine government has yet to receive a request from the United States to extradite pastor Apollo Quiboloy, who is facing multiple charges of sex and labor trafficking in the US, Justice Secretary Jesus Crispin Remulla said yesterday......»»
Team Lakay coach on Stephan Loman departure: ‘Quality over quantity’
Fabled Filipino mixed martial arts stable Team Lakay is not sweating yet another high-ranking departure Stephan Loman from its ranks, as head coach Mark Sangiao focuses on the holdovers' development.....»»
IMF hikes Philippines 2024 growth target
The International Monetary Fund upgraded its 2024 economic growth forecast for the Philippines amid the stronger rebound in investments and exports......»»
The Future of Work: AI’s Double-Edged Sword for Global Economies
Artificial Intelligence (AI) holds promise in revolutionizing global productivity and economic growth. However, the flip side includes potential job displacement and a widening wealth gap. Without proper policies, nations may struggle to adapt to this emerging technology. The International Monetary Fund (IMF) indicates that nearly 40% of global jobs could be influenced by AI. In […].....»»
Chances of finding living victims in landslide not yet determined
THE odds or chances of survival in the Masara landslide had not been determined yet based on the findings and on-the-ground investigation of the emergency personnel and rescuers on ground zero, or the area where the calamity struck......»»
EXPLAINER: FB verification on ‘Cebu Updates’ not yet completed. Transfer of ownership, change of name may still be assailed.
EXPLAINER: FB verification on ‘Cebu Updates’ not yet completed. Transfer of ownership, change of name may still be assailed......»»
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......»»
More groups to establish Islamic banks in Philippines
More groups are looking at establishing Islamic banks in the Philippines as the first branch of the new banking classification is expected to open soon, according to the Bangko Sentral ng Pilipinas......»»
BSP onboards 1st nonbank electronic money issuer
The Bangko Sentral ng Pilipinas (BSP) achieved a significant milestone by welcoming OmniPay, Inc. as the first nonbank electronic money issuer (EMI) participant in its Real Time Gross Settlement (RTGS) payment system, PhilPaSSplus. This move aligns with the National Payment Systems Act and signifies a more inclusive national payment system, allowing nonbank financial institutions to conduct efficient and low-risk funds transfers directly through the central bank. Assistant Governor Mary Anne P. Lim emphasized the BSP's commitment to safeguarding the entire Peso RTGS payment system amidst global trends of diversified participation. With 236 institutions, including various banks and nonbank entities, utilizing PhilPaSSplus for large value transactions and retail payment clearing, the BSP's initiative reflects a broader trend of central banks facilitating direct access for nonbank entities to settlement services. This development comes as international standard-setting bodies work on access guidelines to manage risks in evolving payment systems with new players and financial technologies......»»