Banker sees economy returning to pre-Covid growth level in 3 years
Security Bank’s Trust Asset Management Group is seeing the economy returning to pre-pandemic growth of 6 percent by 2023 as it expects consumption spending to bounce back.
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Security Bank’s Trust Asset Management Group is seeing the economy returning to pre-pandemic growth of 6 percent by 2023 as it expects consumption spending to bounce back.
The Bureau of Customs (BOC) activated on Thursday a new color lane for medium-risk to high-risk cargoes in a bid to enhance trade facilitation while strengthening border protection and revenue collection.
Union Bank of the Philippines is urging small-scale and medium-scale enterprises (SMEs) to maximize the features of its “SME Banking” application amid lockdown measures against the coronavirus pandemic.
East West Banking Corp. (EastWest) announced it was awarded by the Chartered Financial Analyst (CFA) Society Philippines as “Best Managed Funds of the Year 2020” in the Peso-Fair Value Profit and Loss Valuation (FVPL) category for its Peso Long Term Bond (PLTB) last September 15.
Security Bank Corp. announced on Thursday that the sale of 50-percent stake in its consumer finance subsidiary to a Thai bank was approved by the competition authority.
Local think tank Action Economic Reforms (AER) urged the Senate to scrap the tax exemption provision under the bill granting San Miguel Corp. (SMC) a franchise for the construction of the “New Manila International Airport” in Bulacan.
The Bureau of the Treasury rejected all bids for the reissued 10-year Treasury Bonds (T-bonds) on Tuesday’s auction as expectations of steady policy rates throughout the year pushed the average rate up.
AS the economic and health crises linger, local banks are offering relief to debtors by extending the deadline of payments.
City Savings Bank Inc. announced it recently inked a partnership with financial technology (fintech) firm FinScore Inc. for credit scoring and fraud flagging.
The credit-card arm of Rizal Commercial Banking Corp. (RCBC) is encouraging its clients to donate reward points, proceeds of which will be used to acquire tablets for students amid the shift to digital learning.
For the first time ever in its 52-year history, the Financial Executives Institute of the Philippines (Finex) will hold its Finex Week activities online. The 2020 Annual Conference of Finex, the country’s premier finance organization, is scheduled on October 5 to 9 featuring a series of webinars via Zoom videoconferencing.
The recent increase in foreign direct investments (FDI) and external debts are providing strength to the local currency, ING Bank Manila Economist Nicholas Antonio T. Mapa said.
Being able to retire comfortably is a goal of many Filipinos. After many years of working, many look forward to a type of retirement life where one can live on his or her own terms.
The Bureau of the Treasury raised P20 billion on Monday’s auction of Treasury Bills (T-bills) despite the increase in the rates on the back of expectations that the Bangko Sentral ng Pilipinas (BSP) will continue to pause on monetary easing.
A senior lawmaker is urging the Bangko Sentral ng Pilipinas (BSP) to mandate lower interest charges for pawnshops during the Covid-19 pandemic.
Finance Ministers and Central Bank Governors of ten Association of Southeast Asian Nations (Asean) member-states, plus China, Japan and South Korea (Asean+3) moved to further strengthen a regional cash pool, using local currencies at that, which they can use in times of crises, such as balance-of-payment difficulties.
The Duterte administration is seeking a budget of P152.35 billion to implement its convergence program on climate change adaptation and disaster risk reduction next year.
The country’s central credit registry is seeking a P90-million government subsidy for the next year as it gears toward improving its database management further.
The financial technology (fintech) arm of Union Bank of the Philippines Inc. saw a surge in loans application from the micro, small and medium enterprises (MSMEs) amid the lockdown measures against the pandemic.
The government of the Philippines, as well as those in Asia and the Pacific, must prioritize spending on health in the budget amid the Covid-19 pandemic, finance and health ministers said.
The Asian Development Bank (ADB) will establish a regional hub to support tax policy and boost tax efforts to finance the Sustainable Development Goals (SDGs) and the region’s post-pandemic recovery.
The ING Bank NV-Manila Branch is seeing Filipinos saving more money amid the implementation of lockdown measures. The Dutch financial company’s local business also believes the trend would likely continue even after the coronavirus pandemic is declared licked.
Many associations are seeing a significant hit to membership this year due to the Covid-19 crisis. Yet some associations are growing.
Whenever I’m asked what’s a good home-based business to start today, my usual answer would be “whatever you believe you can do.”
The Bureau of the Treasury raised only P12 billion out of the P20 billion programmed offering on Monday ahead of the maiden securities offering of Bangko Sentral ng Pilipinas (BSP).
The Social Security System (SSS) on Friday announced that regular and household employers may now remit their SSS contributions through several online payment facilities.
Citibank N.A. said customers are now looking for more convenience and agility in managing their financial transactions as evidenced by the surge of digital activity during the quarantine. Citi’s Consumer Bank reported that the percentage share of digital bill payments went up by 48 percent in April compared to March figures. Digital money movement or fund transfers almost doubled in the same period and was up by 85 percent in May, compared to March. Digital adoption has been steadily going up as the percentage of 90-day mobile users went up from 49.3 percent in March to 52.4 percent by July.
The government’s debt service bill for the January-to-July period breached the P600-billion mark despite a decline in July.
In order to achieve the Paris Climate agreement, civil society organizations (CSOs) in the Philippines and abroad recommended that the Asian Development Bank (ADB) should align its country partnerships with the global environmental accord.
Online money transfer rose substantially in 2020 as the lockdown measures imposed during this pandemic accelerated shift to digital banking, Security Bank Corp. said.
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