Banking & Finance

The Philippine peso is expected to stabilize within this week after signs of recovery last week, Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla Jr. said. 

Finance Secretary Carlos Dominguez III has praised the Land Bank of the Philippines’ outstanding employees who received this year’s Gawad Punla awards for their loyalty and dedication, which, he said, have made this financial institution one of the country’s strongest banks and that has thus far been immune from scandals and process failures. 

A P1-billion insurance fund that will enable 25 disaster-prone provinces to act faster and better respond to the devastating impact of natural calamities is now available under the government’s Parametric Insurance Pilot project, the Department of Finance (DOF) said. 

Finance Secretary Carlos Dominguez III has paid tribute to the immediate past and current governors of the Bangko Sentral ng Pilipinas (BSP) for their “adept management” of monetary policies, which has earned global recognition for the country’s central banking institution. 

The policy-making Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) prohibited World Partners Bank (A Thrift Bank) Inc. from doing business in the Philippines. 

By Riza Lozada The current account (CA) will remain in deficit as the domestic economy posts robust growth, Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla Jr. said. 

By Riza Lozada The government paid P378.37 billion in debts in the first half, which was 25.5 percent lower than a year ago due to lower amortization and interest payments.

Allianz PNB Life Insurance has recently inaugurated Life Track stations inside selected PNB and PNB Savings Bank branches located in the Makati and Ortigas business districts.

The National Economic and Development Authority (Neda) Regional Office IV-A (Calabarzon) and IV-B (Mimaropa) were conferred with the Golden Eagle by the Bangko Sentral ng Pilipinas (BSP) for the fourth and third consecutive year respectively during its annual awarding ceremony on August 4.

Gains from its core business lifted Metropolitan Bank and Trust Co’s (Metrobank) net income in the first half by five percent to P9.5 billion.