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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......»»
Davao police clueless on Quiboloy’s whereabouts
DAVAO CITY (MindaNews / 24 March) — Police authorities in the Davao region claim they are still clueless on the whereabouts of Pastor Apollo C. Quiboloy. The Senate had earlier ordered the arrest of Quiboloy for his continued refusal to attend its investigation of alleged human trafficking and child abuse. Police major Catheine Dela Rey, Police […].....»»
Cebu Daily Newscast: Pastor Apollo Quiboloy: Senate Committee issues order to arrest, detain him
Listen to Cebu Daily Newscast and get the latest stories in and around Cebu. Here’s what you need to know on Wednesday, March 20, 2024. Pastor Apollo Quiboloy: Senate Committee issues order to arrest, detain him An order has been issued to arrest and detain Pastor Apollo Quiboloy at the Senate following his continued refusal.....»»
‘Quiboloy’s defiance may lead to SMNI closure’
The refusal of Apollo Quiboloy to honor the House of Representatives’ March 12 subpoena could risk the closure of his Sonshine Media Network International (SMNI), which is being investigated for alleged violations of its legislative franchise, a congressman has warned......»»
Ayala Corp. is interested in selling LRT-1 stake to Villar Group
Bilyonaryo is reporting from a source that Ayala Corp. is interested in selling its 35% stake in Light Rail Manila Corp. to Manny Villar, but that Metro Pacific Investments, AC’s co-investor in LRMC, has a right of first refusal......»»
Agriculture loans surge to P3.2 trillion
Loans extended by banks to the agriculture sector significantly rose to P3.2 trillion as of June 2023 from the P848 million agri-agra credit allocated in the same period in 2022, the Bangko Sentral ng Pilipinas said......»»
Aloguinsan nabs back-to-back wins in Cabaron hoops
Aloguinsan nabs back-to-back wins in Cabaron hoops.....»»
Bahay is NBTC’s back-to-back No. 1 HS cager
TAGBILARAN CITY, Philippines — Cebuano star point guard Jared Bahay never ceases to amaze, as the National Basketball Training Camp (NBTC) recently named him the back-to-back No. 1 ranked high school basketball player in the Philippines. This announcement was made by the NBTC through its social media page, alongside the list of the top 25.....»»
Mac Tallo spearheads Alicia KSB in back-to-back wins in cash-rich Araw ng Sibugay cage wars
CEBU CITY, Philippines — Alicia KSB Glass is rampaging in the 2nd Gov. Ann K. Hofer-23rd Araw ng Sibugay Invitational Basketball Tournament after logging back-to-back victories. After losing to the National University (NU) Bulldogs in their first game last February 14, the veterans of Alicia KSB, headed by ex-PBA cager Mac Tallo, defeated the reigning.....»»
More than 100 killed while seeking aid in Gaza, overall death toll passes 30,000
The loss of civilian lives is the biggest in weeks. Hamas says the incident could jeopardize talks in Qatar aimed at securing a ceasefire and the release of Israeli hostages it is holding......»»
Philippines reaffirms ‘One China policy’ after Marcos congratulates Taiwan’s Lai
'The message of President Marcos congratulating the new president was his way of thanking them for hosting our OFWs and holding a successful democratic process. Nevertheless, the Philippines reaffirms its One China Policy,' the Department of Foreign Affairs statement says.....»»
Cone banks on home support to help Gilas get job done vs visiting Taiwanese
'We're going to need every support we can get, because we're still searching for ourselves,' says Tim Cone as Gilas Pilipinas hosts Chinese Taipei to close out the first FIBA Asia Cup Qualifiers window.....»»
3 lawmakers back measure postponing BSKE anew
Three members of the House of Representatives have expressed support for a measure seeking to defer anew the holding of the barangay and Sangguniang Kabataan elections (BSKE) scheduled in December 2025......»»
Monkey Man review: Dev Patel goes John Wick
Nothing is holding Oscar nominee Dev Patel back as he stars, writes and produces his action-driven directorial debut "Monkey Man.".....»»
‘She’s one of my biggest inspirations’: James Reid shares experience being styled by girlfriend Issa Pressman
James Reid is no longer holding back when it comes to girlfriend Issa Pressman......»»
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.....»»
Analysts paint rosier economic picture for 2024
The country’s strong economic growth is likely to be sustained this year on the back of rising exports and robust private consumption, according to the Department of Trade and Industry as well as private banks......»»