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Philippines to improve 9 of its islands in South China Sea
MANILA, The Philippines: The Philippines is set to enhance the habitability of islands it considers part of its territory in the South China Sea, according to Romeo Brawner, Manila's military chief. These plans are unfolding amid escalating tensions between the Philippines and China, as both nations claim South China Sea territory and have accused each other of provocative actions in the region. Apart fr.....»»
Philippines to enhance habitability of its islands in South China Sea
MANILA, The Philippines: The Philippines is set to enhance the habitability of islands it considers part of its territory in the South China Sea, according to Romeo Brawner, Manila's military chief. These plans are unfolding amid escalating tensions between the Philippines and China, as both nations claim South China Sea territory and have accused each other of provocative actions in the region. Apart fr.....»»
China slams Germany for meddling in South China Sea row
Insisting anew on its claim of owning almost the entire South China Sea China has lashed back at other non-Association of Southeast Asian Nations countries allegedly meddling in the maritime disputes of the region......»»
‘Philippines elevating to upper-middle income status next year’
The Philippines remains on track to become an upper-middle income economy in 2025, even as the government trimmed its economic growth target for this year, according to the National Economic and Development Authority......»»
Philippines to achieve upper middle-income status by 2031
The Philippines is projected to be an upper middle-income economy by 2031, past the government’s target of reaching the status by 2025, amid a broader growth slowdown in the Association of Southeast Asian Nations (ASEAN) economy, ANZ Research said......»»
RCBC income hits all-time high in 2023
Rizal Commercial Banking Corp. grew its net income by 15 percent to hit a record P12.22 billion in 2023, fueled by faster-than-industry loan and deposit growth......»»
CIMB boosts financial inclusion with Lazada
Digital-only commercial bank CIMB Bank Philippines has teamed up with e-commerce platform Lazada Philippines to further advance financial inclusion and digital payments among Filipinos, targeting to onboard 500,000 borrowers within six months......»»
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......»»
Wholesale price growth slowed in 2023
Growth in bulk prices of goods in the country eased last year as food and three other commodity groups posted slower price increases, according to the Philippine Statistics Authority......»»
Q3 GDP growth revised upward to 6 percent
The Philippine economy posted a slightly faster growth rate in the third quarter of 2023 than initially reported, according to the Philippine Statistics Authority......»»
NCR construction materials price growth eases in 2023
Retail price growth of construction materials in Metro Manila eased in 2023 from the previous year as all commodity groups posted slower increases, according to the Philippine Statistics Authority......»»
Philippine central bank holds key interest rates
MANILA, May 16 (Xinhua) -- The Philippine central bank opted Thursday to keep the bank's target reverse repurchase rate at 6.5 percent and the interest rates on the overnight deposit and lending facilities at 6 percent and 7 percent, respectively. In a press conference, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona said that inflation expectations remain well-anchored while a restrictive policy stance.....»»
Philippines central bank keeps key interest rates unchanged
MANILA, April 8 (Xinhua) -- The Philippine central bank opted Monday to keep the bank's target reverse repurchase rate at 6.5 percent, and the interest rates on the overnight deposit and lending facilities at 6 percent and 7 percent respectively. In a press conference, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona said the latest inflation path has shifted slightly higher but still remains within targe.....»»
UnionDigital Bank revenue grows to over P5 billion
UnionDigital Bank, the digital banking arm of Aboitiz-led Union Bank of the Philippines, saw its revenue grow to over P5 billion in 2023 mainly driven by higher deposits and loans......»»
Carcar rape: Bank employee claims 17-year-old girl flirted with him
CEBU CITY, Philippines – The two bank employees, who were accused of raping a 17-year-old girl in Carcar City, Cebu on Friday, had refuted the victim’s allegations against them. Bank account officer Chandie Canadalla alleged that the girl asked him to accompany her to the bathroom and went along with his flirting. From the bathroom,.....»»
Philippine central bank keeps interest rates unchanged
MANILA, Feb. 15 (Xinhua) -- The Philippine central bank opted Thursday to keep the bank's target reverse repurchase rate unchanged at 6.5 percent, and thus the interest rates on the overnight deposit and lending facilities were kept at 6 percent and 7 percent, respectively. In a statement, the Bangko Sentral ng Pilipinas (BSP) said the Monetary Board noted that the inflation outlook "was broadly unchanged.".....»»
Philippine central bank keeps interest rates unchanged
MANILA, Feb. 15 (Xinhua) -- The Philippine central bank opted Thursday to keep the bank's target reverse repurchase rate unchanged at 6.5 percent, and thus the interest rates on the overnight deposit and lending facilities were kept at 6 percent and 7 percent, respectively. In a statement, the Bangko Sentral ng Pilipinas (BSP) said the Monetary Board noted that the inflation outlook "was broadly unchanged.".....»»
BPI renews alliance with Mizuho Bank
The Bank of the Philippine Islands has renewed its alliance with Japan’s Mizuho Bank Ltd., expanding and strengthening the scope of business cooperation between the two banks......»»
JBIC’s environmental compliance arm to investigate bank’s LNG activity in Verde Island Passage
The Examiner for Environmental Guidelines of the Japan Bank for International Cooperation (JBIC) is set to commence an investigation for potential violations by the bank in relation to its support to the Atlantic Gulf & Pacific Company (AG&P), which built a liquefied natural gas import terminal in the biodiversity hotspot known as the Verde Island […].....»»
J-K Bank Q3 net profit up 35 pc to Rs 421 cr, 9-month net jumps 57 pc
Srinagar (Jammu and Kashmir) [India], January 20 (ANI): Jammu and Kashmir bank net profit rose 35 per cent year-on-year (YoY) to Rs 421.08 crore for the October-December Quarter (Q3FY 2024) when compared to Rs 311.59 crore registered for the same period last fiscal, an official release said. According to the release, the bank announced the results today after its Board of Directors reviewed and approved the numbers for Q3.....»»