Banking & Finance

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. …

In line with advancing the shift towards cashless transactions, the Land Bank of the Philippines (LANDBANK) is helping store owners in Victorias Commercial Center to embrace the use of digital payments.  Juliet de la Torre is among the local vendors with a LANDBANK account who has adopted the use of Quick Response (QR) technology to accept payments, since the recent …

An abundance of rewards and convenience await consumers as universal bank EastWest unveils two products which will highly complement one’s discerning lifestyle—the EastWest Pay App and the enhanced EastWest Visa Platinum Card. Held at The Fifth at Rockwell, the exquisite gala was graced by Josephine Gotianun-Yap, President and CEO of Filinvest Development Corporation; EastWest Director and Former Philippine Ambassador to …

The Land Bank of the Philippines (LANDBANK) has joined hands with the BDO Capital & Investment Corporation (BDO Capital) in arranging a P5-billion syndicated corporate notes facility with other domestic banks, to support ASA Philippines Foundation, Inc.’s (ASA) credit expansion for underserved women. The state-run Bank has a significant participation in the syndicated transaction, the proceeds of which will be …

President Ferdinand R. Marcos Jr. has appointed Monetary Board Member (MBM) Eli M. Remolona as the next Governor of the Bangko Sentral ng Pilipinas (BSP) and Chairman of the Monetary Board. This was announced recently by the Presidential Communications Office. MBM Remolona, 70, will serve a six-year term as Governor and Chairman of the Monetary Board starting 3 July 2023. …