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Moody’s outlook: Philippine banks remain on stable footing
Moody’s Investors Service has maintained a stable outlook for Philippine banks as interest rate cuts from the Bangko Sentral ng Pilipinas this year are seen to support economic recovery......»»
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......»»
UBS sees 2-digit credit growth for Philippines banks
Banks operating in the Philippines are expected to post a double-digit credit growth this year on the back of robust economic expansion, according to banking giant UBS......»»
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......»»
Banks’ bad loans swell in 2023
The soured loans of Philippine banks picked up to 3.23 percent in 2023 from the almost two-year low in 2022, according to the Bangko Sentral ng Pilipinas......»»
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......»»
Loans to agriculture sector ‘quadrupled’ in 2023
The banking sector’s loan disbursements to the agriculture sector quadrupled last year after the government widened the number of projects considered as compliant with the 25 percent requirement, a member of the central bank’s Monetary Board said......»»
DOLE-Davao vows to strictly monitor compliance of employers with new wage order
DAVAO CITY (MindaNews / 11 March) – The Department of Labor and Employment (DOLE) – Davao Region vowed Monday to strictly monitor the enforcement of the daily wage increase in the area, warning non-compliant employers they could be meted hefty penalties with possible imprisonment. DOLE-Davao director Atty. Randolf C. Pensoy told the Kapehan sa Dabaw that the Regional […].....»»
MOU on crude coconut oil export to Europe
The Philippine Coconut Authority has inked a memorandum of understanding with Ares Merchants Philippines Inc. and Limketkai Manufacturing Corp. to jointly produce mosh moah free or EU-compliant crude coconut oil to be refined by the first Filipino-owned refinery in Europe......»»
Authentic System Solutions streamlines processes and workflows
Discover how Authentic System Solutions can help streamline your construction business processes & workflows. Founded in 2013, Authentic System Solution is a Cebu-based Software Company with over 100 active clients nationwide and is compliant with BIR Computerized Accounting System (CAS) requirements. “Our goal is to help our client’s process and workflows in-place based on the.....»»
SEC-Davao advises timely submission of requirements for amnesty payments
The Securities and Exchange Commission (SEC) Davao Extension Office is reminding corporations who have participated in the amnesty program to ensure timely submission of required documents by January 31. Failure to comply will result in forfeiture of payments and incurring additional penalties as outlined in SEC Memorandum Circular No. 20, series of 2023. Non-compliant corporations must submit their latest General Information Sheet (GIS) and Annual Financial Statement (AFS) through the SEC Electronic Filing and Submission Tool (eFAST). Meanwhile, suspended or revoked corporations should submit their petitions along with necessary documents to the Extension Office via email at secdavao@gmail.com. For more information, applicant-corporations can contact SEC Davao Extension Office at 0932-973-8791. It is important to note that the Commission is planning to implement a substantial increase in basic penalties for late and non-filing of reports post-amnesty period, with penalties potentially increasing by up to 1,900 percent......»»
BSP to banks, financial institutions: Prioritize national ID as top identification
The central bank said that institutions should “adopt enhanced measures to ensure the broad acceptance of the PhilID” whether its physical or electronic version as a valid proof of identity and age for all financial transactions. .....»»
ASEAN cross-border remittance service to go live by 2026 – BSP
The Bangko Sentral ng Pilipinas along with other central banks in the region aims to operationalize multilateral cross-border fund transfers by July 2026......»»
Phl at the crossroads
As we all take a break this Holy Week, some of us will pause and ponder on our own individual journeys and think about what lies ahead......»»
3 BEST Soviet movies about pirates
In the Soviet Union, movies about pirates were mainly screen adaptations of Western novels about ruthless English cut-throats and Spanish galleons full of gold. But, at times, there were original stories in which Soviet seamen confronted sea bandits. Below are the three best Soviet movies about pirates. Robert Louis Stevenson's famous novel was adapted for the screen three times in the USSR. In add.....»»
3 BEST Soviet movies about pirates
In the Soviet Union, movies about pirates were mainly screen adaptations of Western novels about ruthless English cut-throats and Spanish galleons full of gold. But, at times, there were original stories in which Soviet seamen confronted sea bandits. Below are the three best Soviet movies about pirates. Robert Louis Stevenson's famous novel was adapted for the screen three times in the USSR. In add.....»»
PODCAST | Running About: Pilot episode ‘Ready? Get set?’
MindaNews presents its latest podcast from The MindaNews Podcast: Running About, with Bobby Timonera, Boy Mordeno, and Yas D. Ocampo. “Running About” features our conversations about running various roads (and off-roads) around Mindanao and the rest of the world. The Pilot Episode features MindaNews editors Bobby Timonera and Boy Mordeno and social media manager Yas […].....»»