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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......»»
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......»»
How to Survive the Post-Peak Season
One of Cebu’s top peak seasons, that is Sinulog, has come to a close, and as a small business owner, navigating the aftermath of the religious and cultural event can be a big task, especially when orders or customers come few and far in between. How do you maintain momentum when the surge in customer […].....»»
Cebu Daily Newscast: Fuel prices: Big time hikes for gasoline, diesel start Tuesday
Listen to Cebu Daily Newscast and get the latest stories in and around Cebu. Here’s what you need to know on Monday, February 19, 2024. Fuel prices: Big time hikes for gasoline, diesel start Tuesday Local oil firms have announced big-time increases in the pump prices of petroleum products effective on Tuesday, February 20, and.....»»
Banks’ bad loans ratio highest in 8 months
The share of bad loans to the banking sector’s total loan book went up to an eight-month high in January, snapping two straight months of decline, as borrowers felt the pinch of elevated interest rates......»»
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......»»
SMIC banks on areas outside NCR for growth
SM Investments Corp. (SMIC) of the Sy family is betting big on the countryside to support the group’s continued growth......»»
Dani Barretto says daughter Millie not autistic, took therapy sessions
Content creator and entrepreneur Dani Barretto bared more details about her four-year-old daughter Millie with husband Xavi Panlilio......»»
Bowen Island man revealed to be Canadas first Filipino immigrant
New research has revealed details of the life of Canada's first Filipino immigrant, who spent much of his life living on B.C.'s Bowen Island......»»
LIST: Ticket details for Itzy s Manila 2024 concert
Itzy, composed of Ryujin, Chaeryeong, Yuna, Lia, and Yeji are set to perform in the Mall of Asia Arena for a one-night-only show on August 3......»»
Hanggang ngayon nananalo pa rin ako : Vice Ganda s powerful monologue on GMA Showtime debut
Vice Ganda celebrated his birthday with a moving monologue that details his humble beginnings to his current success as one of the most popular host-actors in the country. .....»»
Hanggang ngayon nananalo pa rin ako : Vice Ganda s powerful monologue on GMA Showtime debut
Vice Ganda celebrated his birthday with a moving monologue that details his humble beginnings to his current success as one of the most popular host-actors in the country. .....»»
Hanggang ngayon nananalo pa rin ako : Vice Ganda s powerful monologue on GMA Showtime debut
Vice Ganda celebrated his birthday with a moving monologue that details his humble beginnings to his current success as one of the most popular host-actors in the country. .....»»
EDITORIAL - Foreign trade barriers
Instead of declaring war on pollster Pulse Asia over its latest survey showing 88 percent of Filipinos opposing Charter change, congressmen can read the report of the office of the US Trade Representative, which details foreign trade barriers in 59 markets including the Philippines......»»
PlayStation 5 Pro CPU to Boost to 3.85 GHz With High CPU Frequency Mode and Utilize RDNA 4’s RT Engine
The highly anticipated PlayStation 5 Pro is generating buzz among gamers as new details about its specs have been revealed online. According to sources, the.....»»
AI-Powered Patch Offers New Chance for Voice Restoration
A new artificial intelligence (AI)-powered adhesive patch that is designed to assist individuals with voice disorders, has been unveiled by researchers in the United States, with the AI being used to decipher throat muscle movements and convert them into audible speech. Details of the research were published in the journal Nature Communications. The compact patch, […].....»»