Banking & Finance

The Bangko Sentral ng Pilipinas (BSP) and the Deutsche Bundesbank formalized their partnership on capacity building for BSP personnel through a Memorandum of Understanding (MOU) signed on 22 January 2024 at the BSP Head Office in Manila. Deutsche Bundesbank is the central bank of the Federal Republic of Germany. BSP Governor Eli M. Remolona, Jr. said, “For many years now, …

Starting February 13, 2024, the old Metrobank Mobile App will be permanently unavailable as Metrobank transitions to a new app that provides a smart, simple, and secure banking experience. If you are a current Metrobank Online or old Metrobank Mobile App user, you can easily log in to the NEW Metrobank App using your existing log-in details. To have instant …

These days, financial freedom is not just a goal; it’s a survival skill. Life can be quite unpredictable, and nothing can help you overcome its hurdles more than being financially prepared. And Chinese New Year is the best time to start your journey towards financial health and improve your financial game. Based on the Chinese Zodiac, 2024 is the Year …

The Land Bank of the Philippines (LANDBANK) garnered five (5) recognitions at the 20th Philippine Quill Awards for its exemplary communication campaigns and initiatives that effectively convey the Bank’s pivotal role and contributions to national development. The state-run Bank received the honors on 23 January 2024 for both the Communication Management and Communication Skills categories, recognizing LANDBANK’s strategic communication efforts …

Headline inflation dropped further to 2.8 percent year-on-year in January 2024 from 3.9 percent in December 2023. This is at the low end of the BSP’s forecast range of 2.8-3.6 percent for the month and within the Government’s inflation target range of 3.0 percent ± 1.0 percentage point for the year. On a month-on-month seasonally adjusted basis, headline inflation declined …

The Land Bank of the Philippines (LANDBANK) continues to intensify its support to advance growth in the countryside, with outstanding loans to the entire agricultural value chain surging to P755.1 billion as of end-December 2023.  The Bank expanded its loans to agriculture and rural development by 23% from P614.8 billion in the third quarter, driven by strategic financing for agriculture …

In line with providing safe, convenient, and accessible digital banking services, the Land Bank of the Philippines (LANDBANK) continues to waive fees for fund transfers to other banks via InstaPay and PESONet for transactions worth P1,000 and below.  LANDBANK customers can enjoy free online fund transfers for the first three transactions facilitated in a day through the LANDBANK Mobile Banking …

The Shari’ah Supervisory Board (SSB) in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) held its historic inaugural meeting on 15 December 2023 at the Dusit Thani Manila in Makati City.   This is pursuant to the joint circular among its founding agencies composed of the Bangko Sentral ng Pilipinas (BSP), Department of Finance (DOF), National Commission on Muslim Filipinos …

As we usher in the uncharted new year, it is imperative to navigate the ever-evolving financial landscape with a bit of foresight and lots of savvy. The previous turbulent years have proven the importance of being financially prepared for uncertainties. No one knows when the next global emergency or personal financial difficulty will occur. It is never a bad idea …

BDO Unibank Inc. (BDO) was recognized as the Best Bank in the Philippines for the 12th year by Hong Kong-based institutional investment publication Alpha Southeast Asia at the 17th Best Financial Institution Awards 2023.  BDO is the country’s largest bank in terms of total assets, loans, deposits and trust funds under management. The Bank has the country’s largest distribution network, …