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RP, SINGAPORE MONETARY BODIES INK PACT
Philippines’ and Singapore’s monetary authorities have agreed to strengthen data connectivity tie-up to address issues involving the...

By The Financial District
Nov 17, 20202 min read


LAND BANK LENDS P500 MILLION TO 12 EDUCATIONAL INSTITUTIONS
The Land Bank of the Philippines (LANDBANK) has thus far extended loans amounting to P500 million as of October 27 this year to 12...

By The Financial District
Nov 17, 20202 min read


BSP RATES ON DEBT SECURITIES DOWN
Ample liquidity has led to a drop in the interest rates for 28-day securities of the Bangko Sentral ng Pilipinas (BSP) even if demand was...

By The Financial District
Nov 17, 20201 min read


PNB SEES NPLs RISING AFTER BAYANIHAN 1 EXPIRES
An executive of Philippine National Bank (PNB) expects the bank’s non-performing loans (NPLs) to increase after the Bayanihan to Recover...

By The Financial District
Nov 15, 20201 min read


P42.3 BILLION GUARANTEE FOR MSME LOANS UP
The Philippine Guarantee Corp. (PhilGuarantee) has made available P42.3 billion in credit guarantee facilities for pandemic-hit micro...

By The Financial District
Nov 15, 20202 min read


GLOBAL BANK COALITION VS. CORONAVIRUS PANDEMIC UP
Public development banks representing total annual investment of US$ 2.3 trillion are joining forces to form a global coalition in...

By The Financial District
Nov 15, 20203 min read


PNB REPORTS P14.1 BILLION PROFIT
Philippine National Bank (PSE: PNB) posted an operating profit, before credit provisions and taxes, of P14.1 billion in the first nine...

By The Financial District
Nov 14, 20202 min read


MORE TEETH FOR BSP ANTI-MONEY LAUNDERING PUSH SOUGHT
An amendment to the country's bank secrecy law is needed to put more teeth to the Bangko Sentral ng Pilipinas' mandate on anti-money...

By The Financial District
Nov 14, 20202 min read


DIGITAL-ONLY BANK BARES P173.8 MILLION TRANSACTIONS IN FIRST 100 DAYS
A total of 12,542 new deposit accounts were opened with P173.8 million transacted online in the first 100 days of the Philippines’ first...

By The Financial District
Nov 13, 20202 min read


MALAYSIA’S 1MDB STATE FUND STILL INDEBTED BY $7.8B
1Malaysia Development Berhad (1MDB), the state fund at the center of a massive corruption scandal, still had an estimated 32.3 billion...

By The Financial District
Nov 11, 20201 min read


EBRD HAS FIRST WOMAN PRESIDENT OF A MULTINATIONAL BANK
Odile Renaud-Basso has assumed office as the new president of the European Bank for Reconstruction and Development (EBRD) in London.

By The Financial District
Nov 9, 20202 min read


AUB SETS ASIDE P3B FOR POSSIBLE LOAN LOSSES
Listed Asia United Bank (AUB) has set aside provisions for possible loan losses amounting to P3.0 billion.

By The Financial District
Nov 9, 20201 min read


FEDERAL RESERVE VOWS TO SUPPORT U.S. ECONOMY
The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting...

By The Financial District
Nov 9, 20201 min read


BANK OF ENGLAND PUMPS IN 150B POUNDS AS ECONOMIC STIMULUS
The Bank of England (BoE) increased its already huge bond-buying stimulus by a bigger-than-expected 150 billion pounds ($195 billion) as...

By The Financial District
Nov 8, 20201 min read


DEUTSCHE BANK SEEKS WAYS TO GET RID OF TRUMP AND HIS DEBT
Deutsche Bank AG is looking for ways to end its relationship with President Donald Trump after the US elections, as it tires of the...

By The Financial District
Nov 6, 20202 min read


RURAL BANKS URGED TO BE PROACTIVE FOR THE ECONOMY
Rural banks have been urged to play a proactive role in transforming Philippine agriculture into a modern, high-growth sector that will...

By The Financial District
Nov 6, 20202 min read


AUSTRALIAN CENTRAL BANK CUTS KEY INTEREST RATE TO 0.1%
Australia’s central bank cut its benchmark interest rate by 0.15 of a percentage point to a record low 0.10% in a bid to lift the economy...

By The Financial District
Nov 5, 20201 min read


BANGSAMORO FUNDING FAST-TRACKED
The Intergovernmental Relations Body (IGRB) tasked to build on points of cooperation between the national and Bangsamoro governments met...

By The Financial District
Nov 5, 20202 min read


LGUs URGED TO TAP P300B FUND FROM LAND BANK
The Department of Finance (DOF) is urging chief executives of local government units (LGUs) to use their healthy borrowing position by...

By The Financial District
Nov 4, 20202 min read


APEC URGED TO SET STRUCTURAL REFORM AGENDA
Asia-Pacific Economic Cooperation (APEC) member economies should act decisively so the next structural reform agenda facilitates regional...

By The Financial District
Nov 4, 20202 min read


BANK OF JAPAN CUTS GROWTH, INFLATION PROJECTIONS
The Bank of Japan cut its economic growth and inflation projections for the current fiscal year through March as it maintained its ultra...

By The Financial District
Nov 3, 20201 min read


U.S. BANK SECRECY ACT TO BE REVISED
The Financial Crimes Enforcement Network (FinCEN) and the Federal Reserve Board invited comment on a proposed rule that would amend the...

By The Financial District
Nov 1, 20201 min read


BDO LEASING EARNS P135M
BDO Leasing and Finance, Inc. (BDO Leasing) recorded P135 million in net income for the first nine months of 2020, reversing the P39M

By The Financial District
Oct 30, 20201 min read


GSIS OPENS LOAN PROGRAM FOR STUDENTS
The Government Service Insurance System (GSIS) has bared a PHP20-billion study-now, pay-later loan program for the college education of...

By The Financial District
Oct 28, 20202 min read
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