Banking & Finance

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.

By Riza Lozada The Sy group-led Banco de Oro Unibank Inc. (BDO) hopes to raise P5 billion through the issue of 5.5-year Long-Term Negotiable Certificates of Deposit (LTNCD) with an indicative interest of of 3.5 to 3.75 percent per annum. 

Oriente and Express Holdings Inc., a Hong Kong-based unit of JG Summit Holdings Inc. (JGSH), through an exclusive partnership, seeks to address the financial exclusion problem of underbanked consumers and local micro, small and medium enterprises (MSMEs). 

State-owned Development Bank of the Philippines (DBP) and the Bases Conversion Development Authority (BCDA) recently signed a memorandum of understanding (MOU) for a partnership in support of the infrastructure buildup targeted under the Duterte administration’s “Build, Build, Build” program.