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Market climbs ahead of BSP meeting
The stock market climbed for the second straight day ahead of the outcome of the Bangko Sentral ng Pilipinas (BSP) policy meeting......»»
BuCor to layoff 275 workers as grace period for requirements lapses
Over 275 personnel of the Bureau of Corrections are set to be laid off after the bureau announced it will now be enforcing a years-long deferred program upgrading the educational requirements of its workers......»»
EDITORIAL - Minimum inconvenience
With just over a week to go before the deadline, 313 routes in the National Capital Region still lack a consolidated transport service entity, according to data from the Land Transportation Franchising and Regulatory Board. After a one-month grace period, the LTFRB says it will no longer give another extension of the deadline, as it cited a 76.6 percent consolidation rate nationwide......»»
Agusan mayor offers P100k bounty for arrest of suspects who killed 2 farm workers
SAN FRANCISCO, Agusan del Sur (MindaNews / 8 March) – San Francisco Mayor Grace Carmel Paredes-Bravo has offered a P100,000 cash reward for residents who can provide information leading to the apprehension of the suspects behind the fatal shooting of two oil palm workers and the injury of another during an ambush on February 29 […].....»»
Balancing Your 9-to-5 and Side Hustle with Grace
If you’ve stumbled upon this, chances are you’re acquainted with the challenge of managing a full-time job and a side hustle. It’s no small feat. This article is here to provide straightforward advice for finding equilibrium without adding unnecessary drama to the mix. Let’s recognize the daily balancing act. Juggling a 9-to-5 with a side […].....»»
Banks ease exposure in real estate in 2023
The exposure of Philippine banks and trust entities to the volatile property segment eased slightly to 20.17 percent of total loans in end-December 2023 from 20.55 percent in end-September last year, data from the Bangko Sentral ng Pilipinas showed......»»
Banks to ramp up lending to agriculture sector
Banks are looking to increase lending to the agriculture sector this year amid better economic conditions, higher demand for agricultural loans and consolidation of government programs that would boost banks’ agricultural loan portfolio......»»
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......»»
LGU loans more than tripled in H2
The proposed domestic borrowings of local government units (LGUs) more than tripled to P48.9 billion in the second half of 2023 from P15.8 billion in the same period in 2022, the Bangko Sentral ng Pilipinas (BSP) reported......»»
More banks keen on green financing – BSP
More banks in the Philippines have expressed interest to finance green and sustainable projects in the country amid the need to fund efforts that would mitigate impacts of climate change......»»
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......»»
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......»»
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......»»
‘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......»»