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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.....»»

Category: newsSource:  manilanewsRelated NewsMay 17th, 2024

Producers Savings Bank acquires Leyte rural bank

Producers Savings Bank Corp. has completed its merger with one more rural bank, bolstering the bank’s assets and profit growth via its branch network expansion......»»

Category: financeSource:  philstarRelated NewsApr 22nd, 2024

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.....»»

Category: newsSource:  manilanewsRelated NewsApr 13th, 2024

PH Remains One of the Fastest Growing Economies in East Asia and Pacific, World Bank Says

The World Bank retains its positive outlook on the Philippine economy despite foreseen challenges. According to their April 2024 East Asia and Pacific Economic Update, the World Bank projects a 5.8 percent economic growth for the Philippines this year — the East Asia and Pacific region’s second fastest-growing economy. Moreover, the said update also adjusted […].....»»

Category: newsSource:  metrocebuRelated NewsApr 2nd, 2024

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......»»

Category: financeSource:  philstarRelated NewsMar 25th, 2024

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,.....»»

Category: newsSource:  inquirerRelated NewsMar 2nd, 2024

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.".....»»

Category: newsSource:  inquirerRelated NewsFeb 16th, 2024

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.".....»»

Category: newsSource:  inquirerRelated NewsFeb 15th, 2024

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......»»

Category: financeSource:  philstarRelated NewsFeb 14th, 2024

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 […].....»»

Category: newsSource:  journalRelated NewsFeb 4th, 2024

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.....»»

Category: newsSource:  philippinetimesRelated NewsJan 21st, 2024

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.....»»

Category: newsSource:  manilanewsRelated NewsJan 20th, 2024

So many red flags

Still reeling from having been admonished by the Supreme Court for committing grave abuse of discretion, the Commission on Elections seems to be at it again......»»

Category: financeSource:  philstarRelated NewsMay 24th, 2024

PSA flags irregularities in Bamban Mayor Alice Guo s birth certificate

Based on their fact-finding investigation, PSA Assistant National Statistician Marizza Grande said Guo's mother, Amelia Leal, "is not existing" as she does not have any birth, marriage or death certificate......»»

Category: newsSource:  philstarRelated NewsMay 22nd, 2024

Hontiveros flags Bamban Mayor Alice Guo s ties to Singapore criminals

Citing Securities and Exchange Commission records, Hontiveros pointed out the background of two incorporators in Guo's company. One is Chinese national Zhang Ruijin, who was convicted in April for money laundering in Singapore; while the other is Dominican national Baoying Lin, who is also facing charges......»»

Category: newsSource:  philstarRelated NewsMay 21st, 2024

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.....»»

Category: newsSource:  inquirerRelated NewsMay 1st, 2024

COA flags Eastern Samar LGU over underpaid employees

The Commission on Audit has called out the provincial government of Eastern Samar for paying contract of service and job order employees below the prescribed daily minimum wage in the region......»»

Category: newsSource:  philstarRelated NewsApr 17th, 2024

DICT: Deepfakes, AI red flags as 2025 polls near

Deepfakes and artificial intelligence (AI) are a risk as the May 2025 midterm elections approach, according to the Department of Information and Communications Technology......»»

Category: newsSource:  philstarRelated NewsFeb 7th, 2024

Gelli de Belen pinagsabihan si Janice sa mga red flags ni John noon

SI Gelli de Belen pala ang naka-diskubreng maraming red flag ang ex-husband ni Janice de Belen na si John Estrada. Ito ang inamin ni Gelli sa panayam sa kanila ni Karen Davila para sa YouTube channel nito na in-upload kahapon, Huwebes. Ayon kay Gelli pagdating sa lovelife ng ate Janice niya ay lagi siyang nagpapaalala......»»

Category: newsSource:  inquirerRelated NewsJan 19th, 2024

Maya solidifies hold as top digital bank

Maya solidifies hold as top digital bank.....»»

Category: newsSource:  sunstarRelated NewsMay 17th, 2024