Banking & Finance

Metrobank recognized for top-notch Cash Management services by Euromoney

Metrobank was recently recognized by Euromoney for its excellence in providing cash management services to businesses across the Philippines, in the publication’s 2023 Cash Management Survey for Non-Financial Institutions.   Euromoney surveyed over 29,000 respondents – including cash managers, treasurers and financial officers worldwide to rank and assess their top providers of cash management services. In the said survey, Metrobank ranked …

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LANDBANK opens new branch in Davao de Oro

The Land Bank of the Philippines (LANDBANK) continues to advance financial inclusion in the country with the opening of its newest branch in the first-class town of Monkayo in the province of Davao de Oro. Located in Barangay Poblacion, the LANDBANK Monkayo Branch makes banking services more convenient to clients from the 73 combined barangays of Monkayo and the neighboring …

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Security Bank recognized as best local and global employer

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 …

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DBP lends P1.4-B for 8.4MW Mindanao hydropower plant

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 …

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Personal Remittances Rise by 2.6 Percent YoY in September 2023; First Three Quarters Level Reaches US$27.24 Billion

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 …

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Domestic Liquidity Grows by 7.9 Percent, Year-on-Year, in September 2023

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 …

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RCBC unveils game-changing business app for entrepreneurs

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 …

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EastWest Ageas Surveys Pinoys Personal Financial Health

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 …

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LGU requests for MB Opinion were higher in S1 2023 relative to previous semester

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 …

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LANDBANK ranked among world’s best employers by Forbes

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.  …

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