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‘Philippine banks to ride wave of robust economic growth’
The projected robust economic growth this year could shape up into a better year for Philippine banks, S&P Global Ratings said......»»
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......»»
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 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......»»
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......»»
Cua seeks to extend PPS run in Bansalan
Dhea Cua builds up for a big performance on her home turf next week as she aims for another impressive two-title run in the Palawan Pawnshop national junior tennis circuit’s Gov. Yvonne Cagas Championship unfolding today at the Bansalan Tennis Club in Davao del Sur......»»
Fuel prices as of Jan. 30: Gasoline up by P2.80, diesel by P1.30
CEBU CITY, Philippines – Local oil companies here have announced ta significant increase in the prices of fuel effective Tuesday, January 30, 2024. As a result, motorists in Cebu City will be facing a hefty increase in the prices of fuel products on the first week of February. This marks the fourth consecutive week of.....»»
Spotify Mulling to Raise Subscription Prices Again
Music streaming giant Spotify plans to increase its Premium subscription prices by USD1.00 to USD 2.00 in the United Kingdom, Australia, Pakistan, and two other countries by the end of April This comes as Bloomberg reported the possible increase, with a price increase in the US expected to follow later this year. The latest price […].....»»
Cebu groups call for wage increase on Labor Day
CEBU CITY, Philippines – Holding big red flags and banners, demonstrators coming from various labor groups and people’s organizations in Cebu gathered as one unified group on Wednesday, May 1, to deliver a collective plea for laborers – a wage increase. The demonstrators gathered in downtown Cebu City at around 7:30 a.m. and walked to.....»»
Cebu Daily Newscast: Fuel prices: Big time hikes for gasoline, diesel start Tuesday
Listen to Cebu Daily Newscast and get the latest stories in and around Cebu. Here’s what you need to know on Monday, February 19, 2024. Fuel prices: Big time hikes for gasoline, diesel start Tuesday Local oil firms have announced big-time increases in the pump prices of petroleum products effective on Tuesday, February 20, and.....»»
Belmonte, Binay call for climate action funding from development banks
The C40 coalition of cities, a network of nearly 100 mayors, asked MDBs to increase urban climate investment, integrate urban climate action into their strategies, and implement tailored programs to support city projects. .....»»
Remittances soar to P33.5 billion in 2023 – BSP
MANILA, Philippines — Filipinos abroad sent a record amount of money back home in 2023 as remittances hit $33.5 billion, boosted by a stronger peso. This increase in the value of remittances helped households cope with high inflation. According to the Bangko Sentral ng Pilipinas (BSP), cash remittances through banks totaled $33.5 billion, marking a.....»»
SMIC banks on areas outside NCR for growth
SM Investments Corp. (SMIC) of the Sy family is betting big on the countryside to support the group’s continued growth......»»
45 crore Jan Dhan accounts have accumulated Rs 2.1 lakh crore: Anurag Thakur
New Delhi [India], February 17 (ANI): Union Minister Anurag Thakur on Friday inaugurated the 2024 Annual Government and Institutional Business Meet of the Federal Bank and asserted that under the Jan Dhan scheme around 45 crore bank accounts have been opened. Addressing an audience of the officials and employees of the bank, the Minister at the very outset, congratulated Federal Bank for an all-time high share price. Reca.....»»
45 crore Jan Dhan accounts have accumulated Rs 2.1 lakh crore: Anurag Thakur
New Delhi [India], February 17 (ANI): Union Minister Anurag Thakur on Friday inaugurated the 2024 Annual Government and Institutional Business Meet of the Federal Bank and asserted that under the Jan Dhan scheme around 45 crore bank accounts have been opened. Addressing an audience of the officials and employees of the bank, the Minister at the very outset, congratulated Federal Bank for an all-time high share price. Reca.....»»
Road rage in Mandaue: LTO-7 to issue show cause order against drivers involved in fistfight
MANDAUE CITY, Philippines — The Land Transportation Office in Central Visayas (LTO-7) will issue show cause orders against the two drivers involved in a road rage incident in J.P Rizal St., Barangay Tabok, Mandaue City last Tuesday, Jan. 23. In a statement on Friday, Jan. 26, the LTO-7 said that the viral video reached the.....»»
Fiesta Señor Fluvial Procession 2024: Coast Guard grants permit to 183 vessels
CEBU CITY, Philippines – A total of 183 vessels have already registered for the Fiesta Señor fluvial procession 2024 scheduled on Saturday, Jan. 20. The number was based on number of applications received and approved by the Coast Guard District Central Visayas as of 10 a.m. on Wednesday, Jan. 17. The deadline for the submission.....»»
Mandaue: Avoid fines, pay taxes by Jan. 20
Mandaue: Avoid fines, pay taxes by Jan. 20.....»»
Residential electricity rates up by P0.19/kWh for Jan-Feb billing
Residential electricity rates up by P0.19/kWh for Jan-Feb billing.....»»
Cool Smashers extend dynastic reign
Creamline’s destiny has long been written in the stars for everyone to see......»»