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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......»»
Globe reports steep 73.7% decline in blocked bank-related spam, scam SMS in 2023
The telecommunications company Globe has reported a significant 73.7% decrease in the number of blocked spam and scam SMS related to banks in 2023. This reduction is a result of the interception of 21.9 million bank-related fraudulent messages, a sharp decline from the 83.39 million messages blocked the previous year. Globe attributes this achievement to its proactive strategies and strong partnerships with major banks and financial institutions in the Philippines. The company has established anti-fraud alliances with the Bankers Association of the Philippines and individual players in the finance sector, enabling the sharing of data and intelligence to prevent and investigate fraud effectively. Anton Bonifacio, Chief Information Security Officer at Globe, emphasized the company's commitment to combating financial fraud and enhancing security measures for customer protection. Globe has invested approximately US$20 million to improve its spam and scam SMS detection and blocking system and operates a 24/7 Security Operations Center to filter out unwanted messages from both international and domestic sources. Despite certain limitations, Globe remains dedicated to customer protection and emphasizes the need for a unified approach in the fight against fraud. The company is focused on leveraging technology and strengthening alliances with key stakeholders to combat fraudulent activities. As Globe continues to advance its technologies and collaborations, it aims to provide a safer and more secure digital environment for its customers. For more information about Globe and its initiatives, visit www.globe.com.ph. (SPONSORED CONTENT).....»»
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......»»
Air Supply getting biopic to mark 50th year
Soft rock duo Air Supply will mark its 50th year since its formation with a biopic detailing the years Graham Russell and Russell Hitchcock spent together in the industry......»»
Sunlight Air to move operations to Clark International Airport
Starting April 1, boutique airline Sunlight Air will mainly operate in its new home, Clark International Airport (CRK)......»»
Han So Hee proves dedication to Gyeongseong Creature’s action scenes
After a monster hit of a first season, Netflix’s Gyeongseong Creature has just announced Season 2, bringing back its lead stars Han So Hee and Park Seo Joon but transporting them to a different time period......»»
Live-action adaptation ng ‘City Hunter’ ipinasilip, aarangkada sa April 25
EXCITING news para sa anime lovers at manga fans! Magkakaroon na ng live-action adaptation film ang hit manga series na “City Hunter” sa susunod na buwan. Lalong pinasabik ng Netflix ang fans nang inilabas kamakailan lang ang official trailer ng pelikula. Mapapanood sa pasilip na iikot ang istorya sa karakter ni “Ryo Saeba,” isang top-class.....»»
Filipino-Canadian Gordon Cormier shares favorite Avatar moments, becoming Aang
Gordon Cormier is more than excited for the world to finally see Netflix's live-action series adaptation of "Avatar: The Last Airbender" and his portrayal of the titular character Aang......»»
LIST: Mga pelikula, series na perfect sa inyong Valentine’s binge
NAGHAHANAP ba kayo ng entertainment na punong-puno ng pagmamahal upang maging extra special ang buwan ng pag-ibig? Narito ang ilang pelikula at serye mula sa streaming service na Netflix na talaga namang papakiligin o kaya naman papaiyakin ka kahit meron kang partner, hopeless romantic, self-love advocate o kaya naman ay justice warrior. Baka Bet Mo:.....»»
Choi Woo-shik, Son Sok-ku bibida sa bagong K-Drama na ‘Killer Paradox’
GODSENT hero or unpunished sinner? Ganyan ang peg ng bagong Netflix series na pagbibidahan ng Korean stars na sina Choi Woo-shik at Son Sok-ku. Pinamagatan itong “Killer Paradox” na nakatakdang ipalabas sa nasabing streaming service sa darating na February 9. Ang K-Drama ay base sa original webtoon na may kaparehong titulo na isinulat ni Kkomabi......»»
Choi Woo-shik, Son Suk-ku star in crime thriller series A Killer Paradox
Netflix released the main trailer of its upcoming show "A Killer Paradox" starring Choi Woo-shik and Son Suk-ku......»»
Korean star Don Lee makikipagbakbakan sa bagong movie na ‘Badland Hunters’
HUNT or die. ‘Yan ang magiging peg ng bagong post-apocalyptic movie na pagbibidahan ng South Korean star na si Don Lee! Pinamagatan itong “Badland Hunters” na mapapanood sa Netflix simula January 26. Ang Korean actor ay sikat sa hit zombies series na “Train to Busan,” pati na rin sa Marvel movie na “Eternals.” Kalalabas lang.....»»
Philippine prosecutor clears ex-President Duterte of making on-air death threat - BenarNews
Philippine prosecutor clears ex-President Duterte of making on-air death threat BenarNews.....»»