News

BSP may hike key rate for 2nd straight time: analyst

ABS-CBN News
Updated as of Jun 19 04:38 PM

The Bangko Sentral ng Pilipinas may raise its benchmark interest rate on Wednesday, the second increase this year, to address rising consumer prices, an analyst said.   Read more »

PDIC urges rural banks to consolidate

ABS-CBN News
Posted at Jun 18 04:40 PM

Mergers will strengthen rural banks and expand their client base. Read more »

BDO partners with Japan's Bank of Fukuoka

ABS-CBN News
Updated as of Jun 18 02:39 PM

The Philippines' largest lender said it would serve the needs of Bank of Fukuoka clients who want to do business in the country. Read more »

Bong Go insists on 'one-on-one' amid Trillanes' call for bank waiver

Hernel Tocmo, ABS-CBN News
Updated as of Jun 17 01:21 PM

Special Assistant to the President Christopher "Bong" Go on Saturday did not directly address Senator Antonio Trillanes IV's dare for both of them to sign a bank waiver and instead insisted on his "one-on-one" challenge against the opposition lawmaker. Read more »

'One-on-one challenge': Trillanes dares Bong Go to sign bank waiver

Sherrie Ann Torres, ABS-CBN News
Posted at Jun 16 12:31 AM

Opposition Senator Antonio Trillanes IV on Friday countered the "one-on-one challenge" of Special Assistant to the President Bong Go. Read more »

Euro craters, dollar soars, as ECB holds off on rate hikes

Nick Brown, Reuters
Posted at Jun 15 08:37 AM

The US dollar rose against a basket of major currencies by more than a penny as the euro cratered, and US stocks ticked up in afternoon trading on Thursday, as the European Central Bank signaled interest rate hikes were a long way off. Read more »

Banks announce Eid'l Fitr 2018 schedules

ABS-CBN News
Updated as of Jun 14 04:29 PM

Banks announce operating schedule for Friday, June 15 holiday in observance of Eid’l Fitr (End of Ramadam). Read more »

Treasury yields jump, Wall Street falls after Fed decision

Nick Brown, Reuters
Posted at Jun 14 08:13 AM

Trade tensions are also weighing on markets, as the US prepares to unveil more tariffs on $50 billion worth of Chinese goods. Emerging market stocks lost 0.61 percent. Read more »

Global stocks mixed ahead of Fed, ECB decisions

Agence France-Presse
Posted at Jun 13 08:05 AM

Markets moved little following the meeting between US President Donald Trump and the North Korean leader Kim Jong Un, with some analysts lauding the positive tone of the event but uncertain of whether it would result in significant change. Read more »

Banks announce Independence Day schedules

ABS-CBN News
Updated as of Jun 11 12:33 PM

Banks announced operating hours on June 12, Independence day. Read more »

Gov't urged to back law on disclosing bank deposits of public officials

RG Cruz, ABS-CBN News
Posted at Jun 05 10:35 PM

Bayan Muna Party-list Rep. Carlos Isagani Zarate on Tuesday urged the Duterte administration to support the passage of a law that will look into local and foreign currency deposits of all elected and appointed officials and government employees. Read more »

Invest in clean energy now, ADB urges emerging economies

ABS-CBN News
Posted at Jun 01 01:40 PM

The Philippines can tap into its "tremendous" potential in solar and develop it in a sustainable manner, according to the Asian Development Bank. Read more »

PH poverty rate declining, but not as fast as other Asian countries

ABS-CBN News
Posted at May 31 04:24 AM

While poverty declined in the Philippines, the World Bank said its reduction has been sluggish compared to other Asian countries. Read more »

LPG prices set to go up in June

ABS-CBN News
Posted at May 31 04:03 AM

After consecutive oil price hikes, the cost of cooking gas is set to follow suit.  Read more »

Underemployment 'crucial' in fight vs poverty: World Bank

Michelle Ong, ABS-CBN News
Posted at May 30 11:55 AM

The World Bank said Wednesday it was "crucial" for the Philippines to address underemployment to lift more people out of poverty faster. Read more »

BSP, hinihikayat ang publiko sa cashless payment

ABS-CBN News
Posted at May 23 02:51 AM

Pero para sa higit 30 porsiyento ng populasyon na walang bangko, paano kaya ito magiging posible? Read more »

Unionbank to link rural banks using blockchain

Jessica Fenol and Michelle Ong, ABS-CBN News
Updated as of May 21 02:58 PM

Unionbank said Monday it would tap blockchain to connect rural banks in the same way systems such as Bancnet and SWIFT link larger lenders. Read more »

Philippine Navy naglayag sa Philippine Rise

ABS-CBN News
Updated as of May 17 06:45 PM

Iwinagayway ang bandila ng Pilipinas sa tuktok ng barko ng Philippine Navy na nagtungo sa pinakamababaw na bahagi ng Philippine Rise bilang simbolo sa pag-aari ng Pilipinas sa naturang teritoryo.  Read more »

2 Japan banks tie up with RCBC to assist small business

Kyodo News
Posted at May 16 11:13 PM

Kansai Mirai Financial Group Inc. said Wednesday its two banking units have teamed up with a Philippine lender to help small and midsize Japanese firms advance into the Southeast Asian country. Read more »

Lawmakers urged to pass law for full-fledged Islamic banks

ABS-CBN News
Updated as of May 15 01:54 PM

A financial expert on Tuesday urged lawmakers to pass a regulation governing the operations of full-fledged Islamic banks in the country to tap the sector of "unbanked" Muslims and attract foreign investors. Read more »