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Pag-IBIG members urged: Avail of housing, savings loans
Pag-IBIG members urged: Avail of housing, savings loans.....»»
Pag-IBIG releases record P126 billion in home loans
The Home Development Mutual Fund, commonly known as Pag-IBIG, has released a record P126 billion in housing loans last year for nearly 97,000 members......»»
GSIS earmarks P44 million for emergency loans
State-run pension fund Government Service Insurance System has allocated P44 million in emergency loans to members and pensioners affected by the heavy rainfall in Camarines Norte......»»
ACEN issues corporate guarantee on subsidiary’s loans
ACEN Corp., the listed energy platform of the Ayala Group, has issued corporate guarantee in support of loans amounting to $320 million of subsidiary ACEN Cayman......»»
RCBC personal loans go digital
Rizal Commercial Banking Corp. has debuted its latest innovation this 2024, integrating personal loans in its all-in-one digital banking app RCBC Pulz......»»
More Pinoys eye new loans this year
Eight in every 10 Filipinos saw more accessible credit options last year, with more than 50 percent of them eyeing to take new loans this year......»»
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......»»
Managing a Good Employee with a Bad Attitude
Managing employees can be tricky, especially when a high performer exhibits negative behavior. While their contributions are valuable, a bad attitude can disrupt team dynamics and impact morale. Here’s how to navigate this situation effectively. Address the Issue Privately As with any other problem, it’s better to handle things internally. A crucial first step is […].....»»
Digital banks post significant deposit, loan growth in 2023
The digital banking sector has recorded a significant growth in total deposits and loans in 2023 compared to a year ago, as consumers looked for more accessible and user-friendly financial services......»»
Banks’ NPL ratio eases to 3.41 percent in November
The share of soured loans to the banking sector’s total loan book slipped to 3.41 percent in November 2023 after rising to a five-month high of 3.44 percent a month earlier, according to the Bangko Sentral ng Pilipinas......»»
World paid little attention to Sudan s war for a year. Now aid groups warn of mass death from hunger
World paid little attention to Sudan s war for a year. Now aid groups warn of mass death from hunger.....»»
‘Little Cardo Dalisay’ in Cebu nabbed, accused of hurting people who did not give alms
CEBU CITY, Philippines — Harvey Cuervo, 19, dubbed as the Little Cardo Dalisay in Cebu, went viral once again. But this time, not for the right reasons. Cuervo is now detained at the Cebu City Police Station after police arrested him on Sunday midnight, March 10, for illegal possession of firearms. READ: Japanese national nabbed.....»»
Victorias welcomes little city officials for Boys and Girls’ Week
Victorias welcomes little city officials for Boys and Girls’ Week.....»»
Utzurrum: What’s picturesque at Little Amsterdam
Utzurrum: What’s picturesque at Little Amsterdam.....»»
‘Higher interest rates are here to stay’
The Bangko Sentral ng Pilipinas is likely to hold on to higher rates for a little longer, moving in lockstep with the US Federal Reserve and the rest of the central banks globally......»»
Delivery drivers urge Mayor Baste for business permit exemption
Title: Delivery Drivers Seek Exemption from Business Permit Requirement A group of delivery drivers in Davao is urging Mayor Sebastian Duterte to exempt them from the mandatory business permits. The drivers, including those from various delivery apps such as Grab and FoodPanda, are concerned about the financial burden imposed by the business permits, which range from P2,000 to P6,000. They argue that this requirement is unique to Davao City among all cities and provinces in the Philippines. Grab rider Rolando Atico emphasized the need for solidarity among all delivery drivers, regardless of the app they work for. He urged fellow drivers to support each other, as the financial impact may extend beyond just Grab and FoodPanda. Atico also requested Mayor Duterte to reconsider the requirement and reinstate the previous occupational permit, which only cost P125. The group is facing a 30-day deadline to obtain the business permits, and they are citing financial constraints as a reason for their request for an extension. Failure to comply could result in their removal from the delivery platforms, jeopardizing their livelihoods. Additionally, they are advocating for changes to Davao City's Revenue Code, proposing a model similar to Cebu City, where only an occupational permit is required. The drivers are also calling for an inquiry into the lack of transparency and unilateral actions of food delivery companies, particularly concerning rider capitalization and financial concerns. They believe that a thorough investigation will help ensure fairness and equity in their financial obligations and working relationship with the delivery companies. Maribel Paguican, the Business Bureau officer-in-charge, stated that non-certified delivery riders categorized as service contractors must obtain a business permit. She mentioned two permits for occupational and business activities, with a discounted structure for delivery riders. However, concerns have been raised about increased taxes, potentially ranging from P3,000 to P6,000, along with an additional tax on top of the declared income of P1,400. The delivery drivers' plea for exemption from the business permit requirement reflects their concerns about the financial impact and the potential threat to their livelihoods. Their call for solidarity and support from fellow drivers highlights the urgency of the situation. This story sheds light on the challenges faced by delivery drivers in Davao and the implications of the business permit requirement on their financial well-being. It also underscores their efforts to seek fairness and equity in their working relationship with the authorities and delivery companies......»»
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......»»
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......»»