Banking & Finance

Security Bank Corporation (PSE:SECB) has been ranked the second best employer in the Philippines and the 54th best employer globally on Forbes’ World’s Best Employers 2023 list.   The ranking was based on results from an extensive independent survey of over 170,000 employees across 55 countries by Forbes and market research company Statista. Respondents were asked to rate their willingness …

State-owned Development Bank of the Philippines (DBP) has extended a P1.4-billion loan to a top renewable energy firm as partial funding to construct a 8.4-megawatt hydroelectric power plant in Bukidnon in line with the National Government’s efforts to expand new and sustainable energy sources, a top official said. DBP President and Chief Executive Officer Michael O. de Jesus said the …

Personal remittances from Overseas Filipinos (OFs) in September 2023 reached US$3.23 billion, 2.6 percent higher than the US$3.15 billion recorded in the same month last year. The growth in personal remittances in September 2023 was driven by increased remittances from 1) land-based workers with work contracts of one year or more and 2) sea- and land-based workers with work contracts of less than …

Preliminary data showed that domestic liquidity (M3) grew by 7.9 percent year-on-year to about ₱16.6 trillion in September  from 6.8 percent in August. On a month-on-month seasonally-adjusted basis, M3 increased by about 1.0 percent. Domestic claims expanded by 9.5 percent year-on-year in September from 9.3 percent (revised) in the previous month. Claims on the private sector grew by 6.3 percent …

Flexing once more its digital capabilities, Rizal Commercial Banking Corp (RCBC) introduces a business solution which redefines the landscape of financial management, spurring business growth for the agile, tech-savvy generation of the Philippines. The all-new RCBC Boz app, an all-in-one tool is designed to empower forward-thinking entrepreneurs, freelancers or even those with side hustles, by allowing them to easily keep …

In a study* commissioned by EastWest Ageas, the findings paint a rosy picture of the Filipinos’ appreciation of the importance of getting insured. Eight out of ten Filipinos believe that insurance is essential. This is reflective of the people’s shifting priorities in a post-pandemic world, where security and protection is a must for themselves and their loved ones.  And insurance …

The Bangko Sentral ng Pilipinas (BSP), in its continued commitment to transparency and good governance, releases information on the issuance of Monetary Board opinions (MBOs) on the proposed domestic borrowings of local government units (LGUs). This information includes the amounts and intended purpose of the proposed loans of LGUs. In the first semester (S1) of 2023, the BSP received a …

The Land Bank the Philippines (LANDBANK) was ranked by Forbes as the 6th best employer in the Philippines for 2023—the only government institution to achieve this distinction. The state-run Bank also placed 304th overall globally in the latest Forbes’ World’s Best Employer list, based on a survey of over 170,000 employees from multinational companies and institutions in over 50 countries.  …

Towards advancing efficient, transparent, and swift government procurement, the Presidential Communications Office (PCO) has partnered with the Land Bank of the Philippines (LANDBANK) for the use of the Government Purchase Card (GPC) to pay for official goods and services.  The GPC is similar to a credit card in function, designed to shorten and simplify the requisition process for government agencies …

The Bangko Sentral ng Pilipinas (BSP) and the Department of Trade and Industry (DTI) formally sealed their partnership for the conduct of the country’s first Cashless Expo. BSP Deputy Governor (DG) Mamerto E. Tangonan (in photo, left) signed the Memorandum of Agreement (MOA) on the Cashless Expo with DTI Assistant Secretary Mary Jean T. Pacheco (right) during a ceremony held …