Banking & Finance

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. 

The Coalition for Better Education (CBE) conferred a Presidential Award to City Savings Bank (CitySavings) last August 5 at Golden Prince Hotel and Suites, Cebu City during its 16th year founding anniversary. 

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.