Banking & Finance

Philippine Savings Bank (PSBank), the thrift bank arm of the Metrobank Group, was the only local bank recognized at the recently held Customer Experience Asia Excellence Awards for its exceptional customer experience strategy.

Regulator Insurance Commission (IC) has asked four local health maintenance organizations (HMOs) to stop offering products that have unauthorized investment options.

The United Coconut Planters Bank (UCPB) recently hailed a recent Supreme Court (SC) decision to lift the Temporary Restraining Order (TRO) on two Executive Orders (EOs) issued by former President Benigno Aquino in 2015 targeted for the utilization of the Coco Levy Fund.

By Riza Lozada The Union Bank of the Philippines (UBP) board recently approved the appointment of President Edwin Bautista as Chief Executive Officer (CEO), effective January 1, 2018 to take the place of Justo Ortiz who has been the bank’s CEO since 1993.

Security Bank Corp. (SBC) had reinforced the security of its automated teller cards (ATM) with an enhanced safety feature.

Bond yields in most emerging East Asian markets rose between June 1 and August 15 to reflect improving growth prospects in both emerging East Asia and globally, according to the Asian Development Bank’s (ADB) latest Asia Bond Monitor.

Bangko Sentral ng Pilipinas’ (BSP) policy-making Monetary Board (MB) maintained its 2017-18 inflation projection but slightly hiked the 2019 figure given the developments in oil prices and weakness of the peso, among others.

By Riza Lozada  The Bangko Sentral ng Pilipinas (BSP), the Department of Finance (DOF), the Securities and Exchange Commission (SEC), and the Bureau of the Treasury (BTr) launched a joint initiative to spur the development of the domestic debt market. 

The Philippine Public School Teachers Association (PPSTA) has backed the proposed Tax Reform for Acceleration and Inclusion Act (TRAIN), which it considered as a “beneficial” tool that will uplift not only the economic status of teachers but also their dignity and morale as well. 

By Riza Lozada Local banks are expected to continue to grow rapidly over the next two years, thanks to the strong solid economic growth, corporate profitability, low interest rates, and a drop in non-performing loans, ratings firm Standard and Poor’s (S&P) said.