Vaccine devt prompts bright view on offshore investment
An official of Rizal Commercial Banking Corp. (RCBC) has a rosy outlook for offshore investments citing “positive developments” for the Covid-19 vaccine.
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An official of Rizal Commercial Banking Corp. (RCBC) has a rosy outlook for offshore investments citing “positive developments” for the Covid-19 vaccine.
The World Bank has approved $900-million worth of new project loans the government sought to recover from the pandemic, improve competitiveness and build resilience against shocks and natural disasters.
The Bureau of Customs (BOC) estimates that it was able to seize P9.52 billion worth of smuggled goods, mainly tobacco, this year.
Bitcoin surpassed $21,000 for the first time, another milestone in what’s been an eye-popping rally for the controversial digital asset this year.
Moody’s Investor Service on Thursday announced that it is keeping its investment grade credit rating of Baa2 for Security Bank with a stable outlook.
The year is coming to a close, and if I have to write a letter to 2020, I will close it with “virtually yours.”
PAYMENT collection business CIS Bayad Center Inc. announced it was tapped by the Food and Drug Administration (FDA) as part of its growing biller network, fast-tracking the application and renewal of license-to-operate permits, as well as product registration for small and medium enterprises (SMEs).
The Bureau of Customs (BOC) announced on Wednesday that it has entered into a Memorandum of Agreement with the Strategic Trade Management Office and freeport zones in the country to facilitate the ease of trade in the country. The STMO is a government bureau under the Department of Trade and Industry tasked to manage the flow of strategic goods.
The House of Representatives has approved on third and final reading in its late-Tuesday session the proposed Overseas Filipino Workers (OFWs) Remittance Protection Act.
The Land Bank of the Philippines (LandBank) announced it has completed its target of giving financial access to 2 million farmers and fisherfolk ahead of time, the finance department reported on Wednesday.
A division of global media group Euromoney Institutional Investor Plc. recognized Security Bank Corp. (SBC) for championing women in the workplace, the bank said in a statement.
The Development Bank of the Philippines (DBP) is boosting its efforts in promoting financial inclusion by teaming up with several rural banks across the country.
Bank of the Philippine Islands (BPI) will be welcoming a new chief next year after the current president was elected as board director for its parent firm Ayala Corp.
The Bureau of the Treasury (BTr) fully awarded the reissued P30 billion on offer for 7-year Treasury bonds (T-bonds) during its auction on Wednesday.
The Philippine Deposit Insurance Corp. (PDIC) is enacting a new payment relief measure following the mandate of the grace period was in accordance with Republic Act 11494 or the Bayanihan to Heal as One Nation Act.
To expand its reach and intensify support to the agriculture sector in Mindanao, the state-run Land Bank of the Philippines (LandBank) has recently opened two new lending centers in the provinces of Sultan Kudarat and Davao del Sur.
THE government was able to collect over half a billion in taxes from commercial establishments that were padlocked by the Bureau of Internal Revenue (BIR) this year.
MAKE no mistake about it, the next World War will be fought between drones (an air force without men), hand-to-hand combat between robots and terminators and, of course, the ballistic nuclear bombs.
Government’s housing arm will focus on providing housing microfinance in 2021 to make housing more accessible for Filipinos, according to its top official.
The Credit Card Association of the Philippines (CCAP) reminded the public to be responsible credit card holders as loan defaults surged by more than twofold because borrowers are having a hard time meeting payment deadlines during the crises.
The Bureau of the Treasury fully awarded P20 billion in Treasury Bills (T-bills) as rates went sideways on the back of market expectations that the Bangko Sentral ng Pilipinas would keep policy rates unchanged.
Philippine National Bank is selling its shareholdings in PNB General Insurers Co. Inc. (PNBGen) to Alliedbankers Insurance Corp. for P1.52 billion.
Japan’s Financial Services Agency (FSA) will be rolling out an initiative aimed at attracting more asset management firms into its shores as the country makes its way toward becoming a global financial center in Asia.
JUST like many other countries, the Philippines has been hit hard by Covid-19. Aside from being a health pandemic, it has also proven to be an economic pandemic.
Standard Chartered Bank (SCB) Philippines has been investing to enhance its digital infrastructure in a bid to provide better customer experience, especially at a time when most transactions are accomplished online.
Quikz, Cebuana Lhuillier’s flagship mobile remittance app in the US, is now available in Singapore, made possible through a partnership between Cebuana Lhuillier and Nium, a global financial technology platform based in Singapore. Quikz will be powered by Nium’s trusted Remittance-as-a-service (RaaS) solution and Cebuana Lhuillier’s huge network of pay-out locations in the Philippines, allowing thousands of Filipinos based in Singapore to enjoy improved convenience, security, and real-time global transactions.
The Philippine Life Insurance Association Inc. (PLIA) has elected Sun Life Philippines CEO and Country Head Benedicto C. Sison to the PLIA Board anew as a second-term president.
State-run Development Bank of the Philippines’ (DBP) loan portfolio grew by over P18.8 billion in the first 10 months as it continues to extend financing to various sectors, including micro, small and medium enterprises (MSMEs).
The government should significantly increase the budget allocation of the country’s central credit registry to further perform its mandate in providing accessible financing, a study by Policy and Economic Research Council (PERC) and Makati Business Club (MBC) suggested.
The government has so far collected P162.79 billion in duties and taxes since the start of its fuel-marking program.
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