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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......»»
Pilipino Star Ngayon bags Hall of Fame award at 6th Gawad Lasallianeta
Pilipino Star Ngayon (PSN) was hailed as Hall of Fame award recipient at the 6th Gawad Lasallianeta after bagging the Most Outstanding Print / Digital Tabloid Award for the 5th straight year. .....»»
‘Tambag’ from our Bisaya mothers about our love lives
CEBU CITY, Philippines— Love makes the world go round. Love makes people laugh and feel butterflies in their stomach. Love gives us headaches and heartaches. Love according to our mothers is a deep feeling and connection with someone. CHAR! Since Mother’s Day is just around the corner, (May 12, 2024) let’s touch base with the.....»»
Boracay favorite Nonie s makes splash with first Metro Manila branch - manilastandard.net
Boracay favorite Nonie's makes splash with first Metro Manila branch manilastandard.net.....»»
Here s what makes Blinken s job in China especially difficult
Here s what makes Blinken s job in China especially difficult.....»»
Here s what makes Blinken s job in China so difficult
Here s what makes Blinken s job in China so difficult.....»»
Cebuana s R& B bop makes waves
Cebuana s R& B bop makes waves.....»»
Bahay makes top spot his home for 2nd year
Bahay makes top spot his home for 2nd year.....»»
$1B donation makes New York medical school tuition free and transforms students lives
$1B donation makes New York medical school tuition free and transforms students lives.....»»
Private lander makes United States’ 1st moon landing in over 50 years
Private lander makes United States’ 1st moon landing in over 50 years.....»»
Eriobu shines in PBA finals debut as Magnolia makes San Miguel sweat
Sidelined for most of the playoffs, Joseph Eriobu makes the most out of his PBA finals debut as he and Magnolia almost complete a late comeback from a 20-point hole against San Miguel.....»»
LWUA’s takeover in MCWD ‘not valid,’ says OGCC
CEBU CITY, Philippines — The Metropolitan Cebu Water District (MCWD) board of directors (BOD) have finally attained their “peace.” This was after the Office of the Government Corporate Counsel (OGCC) released their clarificatory opinion and second opinion about the “partial takeover” and the appointment of the interim board of directors of the Local Water Utilities.....»»
CVIRAA: Arnisadors tow Lapu-Lapu City to top of medal standings
CEBU CITY, Philippines — Lapu-Lapu City temporarily dislodged the host delegation and defending champions, the Cebu City Niños, in the partial and official medal standings of the Central Visayas Regional Athletic Association (CVIRAA) 2024, courtesy of its arnisadors. Eight gold medals were harvested by Lapu-Lapu City at the University of the Visayas (UV) Main Campus.....»»
Mga motor ‘bawal’ dumaan sa service road ng Edsa-Kamuning flyover sa QC
BAWAL dumaan ang mga motorsiklo sa service road ng Edsa-Kamuning flyover sa Quezon City. Ito ang naging anunsyo ng Metropolitan Manila Development Authority (MMDA) dahil sa partial closure ng southbound lane ng overpass ng nasabing lugar. Ang panawagan ni MMDA Acting Chair Romando Artes, gumamit muna ng alternatibong ruta katulad ng Scout Borromeo Street, Panay.....»»
LWUA firm on intervention as MCWD water leakage increases
CEBU CITY, Philippines –The battle over authority continues in the Metropolitan Cebu Water District (MCWD) as the Local Water Utilities Administration (LWUA) stands firm in its decision on the six-month intervention, despite the status quo stance. The LWUA expressed confusion as to why the incumbent MCWD board would not honor the partial intervention, clarifying that.....»»