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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......»»
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......»»
Philippines to tighten guard on shoals, reefs, islets
The Philippines would keep a closer guard on reefs, shoals and islets in its exclusive economic zone in the South China Sea, alarmed by reports of new reclamation activities by China, which Beijing denied......»»
DFA to tighten tourist visa rules for Chinese nationals
The Department of Foreign Affairs (DFA) plans to make tourist visa rules stricter for Chinese nationals to prevent exploitation by syndicates involved in illegal Philippine offshore gaming operators (Pogos). Foreign Undersecretary Jesus Domingo announced this at a news briefing on Thursday, stating that the new requirements will be enforced starting this week. These include requiring.....»»
Creamline, Petro Gazz eye to tighten hold of lead
Creamline and Petro Gazz aim to keep their grip of the lead as they battle Capital1 Solar Energy and Chery Tiggo, respectively, Friday in the Premier Volleyball League All-Filipino Conference at the Smart Araneta Coliseum......»»
Security Bank, Epson partner for financing
Security Bank Corp. has partnered with Epson Philippines Corp. for a special financing program for Epson’s distributors and dealers to help them fulfill big-ticket orders which usually tighten liquidity......»»
GCash, NBI tighten tieup vs scams
E-wallet giant GCash has signed an agreement with the National Bureau of Investigation to strengthen its campaign against scams within the platform......»»
Bringing UP to the people
Since it was established in 1908 as a “university for Filipinos,” the University of the Philippines has grown into a system of eight “constituent universities,” each with a certain degree of autonomy but all of them unified by a common vision, shared practices and high academic standards......»»
Xinhua world economic news summary at 1100 GMT, April 19
CAIRO -- The Egyptian cabinet approved on Thursday the establishment of a special free zone to manufacture, maintain, and export marine yachts to meet standards on par with those of Europe and other international counterparts, according to a government statement. The special free zone, named the Suez Canal Company for Modern Boats, will span 51,150 square meters south of Safaga town along the Red Sea coast, more.....»»
Anchorage sets record for earliest arrival of 100 inches of snow
ANCHORAGE, Alaska — Even by Alaska standards, there is a lot of snow this winter. So much snow has fallen — so far, more than 8.7 feet (2.65 meters) — that roofs on commercial buildings are collapsing around Anchorage and officials are urging residents to break out their shovels to avoid a similar fate at.....»»
Asia-Pacific’s alarming loss of biodiversity
In recent months, the Food and Agriculture Organization (FAO) of the United Nations and others have pointed to an increase in food insecurity and “hunger hotspots” in various parts of Asia and the Pacific. While conflicts and climate crises can carry some of the blame, we must acknowledge that the slow but steady erosion of our region’s biodiversity is an equal or even greater threat to our future food security......»»
BSP keeps rates on hold as expected
The Bangko Sentral ng Pilipinas hit the pause button for the fifth straight policy meeting as it kept the benchmark interest rates steady yesterday, but it may start cutting borrowing costs as early as August if a sustained downtrend in inflation becomes fully evident......»»
BSP seen to stand pat on policy rates anew
The Bangko Sentral ng Pilipinas is likely to keep interest rates steady today as prices may continue to remain elevated this quarter, but analysts said the central bank may have room to be less hawkish amid easing inflationary pressures......»»
Malixi slips to joint third
Rianne Malixi flourished in an early backside start but faltered with shaky putting in the last 12 holes, ending up with a 72 to fall by four behind a steady Nika Ito halfway through the Australian Master of the Amateurs Championship at the Southern Golf Club in Braeside City in Melbourne Wednesday......»»