Banking & Finance

The Sy group’s banking arm BDO Unibank (BDO) hit the 1,000-mark in terms of branches nationwide following the opening of another full-service outlet in Davao City last March 20. 

Bond yields in emerging East Asian markets fell between December 31 and mid-February despite the risk of accelerated pace of interest rate hikes in the United States (US), the Asian Development Bank’s (ADB) latest Asia Bond Monitor said.

Union Bank of the Philippines (UnionBank) received two Golds and one Silver at the recent 52nd Anvil Awards for its key corporate social responsibility (CSR) programs that seek volunteerism among its team members, conversion of micro, small and medium enterprises (MSMEs) into e-commerce, and heritage conservation of the nation’s history through digital methods. 

The next central bank head should have a good understanding of the Bangko Sentral ng Pilipinas (BSP) governor’s job, patience and a knowledge of how to work with the BSP which are the top three characters the next BSP chief must have, BSP Governor Amando Tetangco Jr. said.

By Riza Lozada Despite the still weak global economy, cash remittances from overseas Filipino work­ers (OFWs) grew by 8.6 per­cent from last year to $2.17 billion in January 2017, high­er than the Bangko Sentral ng Pilipinas (BSP) target of a four percent growth.

The International Monetary Fund (IMF) said in a report the global economy is showing more positive momentum, but warned that in­ward-looking policies and sharp tightening in global financial condi­tions could threaten the growth momentum.

With the booming economy, social enterprise The Global Filipino Investors Inc. (TGFI) encourages more Filipinos to save and invest their money properly.

For the first time in many years, the gov­ernment main revenue agencies, the Bureau of Customs (BOC) and Bureau of Internal Revenue (BIR), are expected to hit their respective collection targets for this year, given their solid performance in 2016 and at the onset of 2017, Finance Secretary Carlos Dominguez III said.

Top finance students of state universities were recently introduced to global bank Citi’s banking products and services at the launch of Citi Junior Bankers mentoring sessions.

By Riza Lozada Former Sen. Alberto Romu­lo assumed the post as new chairman of the board of the Development Bank of the Phil­ippines (DBP) after Finance Secretary Carlos Dominguez III swore him into office last week.