Banking & Finance

The Bangko Sentral ng Pilipinas (BSP) continues to help strengthen rural banks (RBs) which promote countryside development by financing productive activities and supporting inclusive economic growth. BSP Deputy Governor (DG) Francisco G. Dakila Jr. highlighted this during the Post-State of the Nation Address (SONA) Philippine Economic Briefing (PEB) on 11 August 2023 in Cebu City. He said the BSP launched …

UnionDigital Bank, the digital bank subsidiary of Union Bank of the Philippines, is one of the fastest digital banks in the world to achieve profitability. It attained a triple-digit percentage growth in its net income during the first half of 2023 compared to the second half of 2022. The Aboitiz Group-led digital bank, which recently marked its first-year milestone in …

The Department of Budget and Management (DBM) and the Land Bank of the Philippines (LANDBANK) have collaborated anew for the use of the LANDBANK Government Purchase Card (GPC) for the faster and more efficient means to pay for goods and services. The LANDBANK GPC is a credit card that allows authorized DBM personnel to expedite payments for official expenses, by …

The Land Bank of the Philippines (LANDBANK) will be working with the Philippine Space Agency (PhilSA) and the Department of Science and Technology-Advanced Science and Technology Institute (DOST-ASTI) for the integration of space data and analytics to its financing strategies for the agriculture sector. PhilSA Director General Dr. Joel Joseph S. Marciano, Jr., LANDBANK Senior Vice President Elcid C. Pangilinan, …

Many Filipinos observe Ghost Month despite it being a Chinese cultural practice. During Ghost Month, the seventh month of the lunar calendar, folklore has it that the gates of heaven and hell and of the living are all open.  This year, Ghost Month will be from August 16 to September 14. It is believed ghastly spirits wander the world of …

The City Government of Zamboanga has tapped anew the services of the Land Bank of the Philippines (LANDBANK) to accelerate its shift towards digitalizing local government transactions.   Through the LANDBANK Link.BizPortal, the Bank’s web-based payment facility, residents of Zamboanga City’s 98 barangays now have an online payment option to settle fees, dues and charges to the LGU, which includes real …

EACH AWARDEE TO RECEIVE P1 MILLION PRIZE Ten Metrobank Foundation Outstanding Filipinos comprised of four teachers, three soldiers and three police officers are recognized for going beyond their call of duty and making a difference in the community.  Recipients of this year’s career-service award for Filipino exemplars in the academe, military, and police sectors were presented to the public on …

From the latest version of The Asset’s Asian Local Currency Bond Benchmark Review, RCBC Chief Economist Mike Ricafort once again ranked first in  Philippine Peso Bonds Research, retaining his star for two consecutive years.  RCBC Chief Economist, Michael Ricafort said that RCBC takes the responsibility of providing accurate financial data and forecasts to investors to heart, and this award from …

Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr.  (in left photo) discussed the central bank’s latest inflation outlook, inflation-targeting framework and current account outlook with investors in meetings held on 10 to 11 July 2023 at the Citi headquarters in New York City. On their part, the Philippine economic managers highlighted the country’s sound macroeconomic fundamentals and game-changing …

Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. discussed price stability, post-pandemic economic recovery, and climate change at the first-ever Philippine Economic Briefing (PEB) in Toronto, Canada on 13 July 2023. He said the central bank’s flexible inflation-targeting framework mandates the BSP to be “structurally hawkish when it comes to inflation” and to focus mainly on price stability. …