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Bank loans used as RRR compliance hit P6.4 billion
Mid-sized and small banks have extended around P6.4 billion loans to micro, small and medium enterprises (MSMEs) as well as large companies, and booked these loans in compliance with their reserve requirement ratios, according to the Bangko Sentral ng Pilipinas......»»
Navigating Unsecured Debt Relief: A Comprehensive Guide
In the realm of financial management, unsecured debt stands out as a common challenge for many. Unlike secured debts, which are tied to assets like homes or cars, unsecured debts include credit card balances, personal loans, and medical bills. These can accumulate quickly, often overwhelming individuals. This article aims to explore debt relief options specifically […] The post Navigating Unsecured Debt Relief: A Comprehensive Guide appeared first on Kagay An......»»
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......»»
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.....»»
Solenn naki-join sa ‘At 21’ trend, inalala ang pagiging bartender sa Paris
BILANG nauuso ngayon sa social media ang “At 21” trend, ibinandera ng actress-model na si Solenn Heussaff ang kanyang entry para rito. Para sa kaalaman ng marami, ang nasabing trend ay bagong gimik ng netizens na kung saan ay dapat i-post ang pictures na kinunan noong ika’y 21 years old. Sa pamamagitan ng Instagram Stories,.....»»
On ‘Sinulog dance trend’: Basilica wants to keep the tradition
CEBU CITY, Philippines — “Appropriateness.” This was the comment of a friar from the Basilica Minore del Santo Niño on the ‘Sinulog dance trend’ that has been circulating on social media, specifically on TikTok. Fr. John Ion Miranda, one of the priests at the Basilica, made this comment on the “Sinulog dance trend” that is.....»»
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......»»
Medical School Loans: A Comprehensive Guide
Embarking on a journey through medical school is a significant undertaking, and for many aspiring physicians, navigating the financial aspects can be a daunting task. Securing appropriate funding through medical school loans is a crucial step in this process. This comprehensive guide aims to provide valuable insights into how to find the best medical school […] The post Medical School Loans: A Comprehensive Guide appeared first on Kagay An......»»
Banks’ bad loans ratio highest in 8 months
The share of bad loans to the banking sector’s total loan book went up to an eight-month high in January, snapping two straight months of decline, as borrowers felt the pinch of elevated interest rates......»»
Rhian Ramos uuwi na ng Pinas matapos ma-stuck sa Dubai airport
FINALLY ay makakauwi na ang Kapamilya actress na si Rhian Ramos matapos itong ma-stuck ng ilang oras sa Dubai International Airport. Isa ang aktres sa ilan pang mga pasahero na naantala ang pag-uwi dahil sa lakas ng ulan sa bansa na nakaapekto sa operasyon ng paliparan. Sa X (dating Twitter) ibinandera ni Rhian ang mga.....»»
Shohei Ohtani says interpreter stole money, denies knowledge of gambling debts
Shohei Ohtani says he was unaware Ippei Mizuhara had gambling debts and that he had been lied to repeatedly by the interpreter who had been by his side since he joined Major League Baseball in 2018.....»»
Why I wish I could see ‘Stuck in Love’ for the first time all over again
Why I wish I could see ‘Stuck in Love’ for the first time all over again.....»»
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.....»»
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......»»
Banana exports reverse sagging trend, rise in 2023
Philippine banana exports reversed its sagging trend as shipments recovered in 2023, halting a four-year decline, thanks to additional production from rehabilitated areas previously affected by Panama disease......»»
TikTok Trend: ‘In the Philippines we don’t say…’
CEBU CITY, Philippines– A proud Filipina mother, could not resist joining the latest TikTok trend “In the Philippines we don’t say “with her daughter. With her phone and the wits of her daughter, their TikTok video is making rounds online. Five-year-old, Aliyah Amel Valero was narrating the Filipino quirks and expressions of people when.....»»
Alarming Rise in Syphilis Cases in New Jersey Mirrors Disturbing National Trend, CDC Reports
Title: Syphilis Cases in New Jersey Skyrocket, Outpacing National Trend, CDC Warns In a recent health alert issued by the Centers for Disease Control and.....»»
TikTok’s ‘Loud Budgeting’ Trend Strikes a Chord in Savings Culture
A new viral TikTok trend might help you save money amidst inflation. #loudbudgeting is currently trending on social media, with nearly 10 million views and growing. So, what exactly is ‘loud budgeting,’ and how do you embrace this trending financial approach? According to a TikToker named Battle, it’s a radical shift in mindset when it […].....»»