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US threatens Turkish businesses over Russia trade

American officials have reportedly visited Trkiye to persuade banks and companies to cut ties with the sanctioned country Turkish businesses are at risk of being banned from carrying out currency operations if they continue to trade with Russia, RIA Novosti reported on Wednesday, citing the news outlet Aydinlik. .....»»

Category: sportsSource:  abscbnRelated NewsMar 1st, 2024

Baltimore Bridge collapse: Police had about 90 seconds to stop traffic before bridge fell

BALTIMORE — It was the middle of the night when a dispatcher’s warning crackled over the radio: A massive cargo ship had lost its steering capabilities and was heading toward the Francis Scott Key Bridge. Within about 90 seconds, police officers who happened to be nearby responded that they managed to stop vehicle traffic over.....»»

Category: newsSource:  inquirerRelated NewsMar 28th, 2024

Warrantless arrest on Jade Castro ‘baseless’ — FLAG chair

Diokno, who is also a law professor, said that the requisites for performing a warrantless arrest against Castro and the other accused are not met. .....»»

Category: newsSource:  philstarRelated NewsFeb 10th, 2024

Diokno’s back, but Bangko Sentral ‘not sure’ if Ralph Recto will sit in its powerful Monetary Board

'There’s an appointed secretary of finance but me personally, I’m not sure if the secretary of finance will sit as a member of the Monetary Board,' says BSP Deputy Governor Eduardo Bobier.....»»

Category: newsSource:  rapplerRelated NewsJan 20th, 2024

Ralph Recto sworn in as new Secretary of Department of Finance

House Deputy Speaker Ralph Recto [link] was sworn in as the new Secretary of the Department of Finance on Friday, replacing the former Secretary, Benjamin Diokno, in a move that has been seemingly in the works for quite some time......»»

Category: financeSource:  philstarRelated NewsJan 15th, 2024

Diokno proud to leave DOF in better state of affairs

"I am proud knowing that I will be leaving my post at a time when the Philippine economy, in general, and the DOF, in particular, are in a better state of affairs than when I inherited them.".....»»

Category: financeSource:  philstarRelated NewsJan 12th, 2024

NEWS BRIEFS | 7 June 2024

NPC to Balo-i residents: avoid banks of Agus River starting June 13 The National Power Corporation (NPC)  has warned residents of Balo-i town in Lanao del Norte to avoid the banks of Agus River beginning on June 13 when it will start repairs of its 158.1 megawatt Agus 4 hydroelectric power plant. In a statement […].....»»

Category: newsSource:  mindanewsRelated NewsJun 8th, 2024

PDIC recommends depositing in banks than e-wallets for better security

The Philippine Deposit Insurance Corp. is encouraging Filipinos to recognize the personal and national value of depositing in banks for better financial security......»»

Category: newsSource:  philstarRelated NewsJun 7th, 2024

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......»»

Category: financeSource:  philstarRelated NewsMay 5th, 2024

Banks’ bad loans rise in February

The soured loans of Philippine banks picked up for the 14th straight month in February, bringing the gross non-performing loan ratio to a steady 3.44 percent, amid high interest rates......»»

Category: financeSource:  philstarRelated NewsApr 5th, 2024

Indian banking sector continues to improve with better asset quality, high credit growth: Survey

New Delhi [India], March 21 (ANI): The health of the Indian banking sector continues to improve with better asset quality and high credit growth, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) showed. The eighteenth round of the survey was carried out for the period July to December 2023. Those banks that were surveyed together represent about 77 per cent of the banking i.....»»

Category: newsSource:  manilanewsRelated NewsMar 21st, 2024

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......»»

Category: newsSource:  philstarRelated NewsMar 7th, 2024

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......»»

Category: financeSource:  philstarRelated NewsFeb 14th, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 31st, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 24th, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 24th, 2024

War games risk stirring up troubled waters as Philippines - emboldened by US - squares up to Beijing at sea

War games risk stirring up troubled waters as Philippines - emboldened by US - squares up to Beijing at sea.....»»

Category: newsSource:  manilanewsRelated NewsMay 8th, 2024

‘No security risk with ex-MILF, MNLF men joining PNP’

There is no security risk with the entry of former fighters of the Moro Islamic Liberation Front and Moro National Liberation Front in the Philippine National Police......»»

Category: newsSource:  philstarRelated NewsApr 30th, 2024

Best-served vegetables and fruits to reduce the risk of hypertension

Hypertension, commonly known as high blood pressure, is a health issue most people experience given the constant rise in today’s temperature. Since the raging heat is not calming anytime soon, it is best that healthy alternatives, such as consuming vegetables and fruits with natural nutrients that can aid in reducing the risk of hypertension, be.....»»

Category: newsSource:  inquirerRelated NewsApr 25th, 2024

Why would a loving God ask His beloved children to risk being hurt for the sake of loving others like Jesus did?

Why would a loving God ask His beloved children to risk being hurt for the sake of loving others like Jesus did?.....»»

Category: newsSource:  philstarRelated NewsApr 19th, 2024