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Bangko sa Laguna pinasok, suspek huli matapos magtago sa kisame

ABS-CBN News
Updated as of Jan 22 01:15 PM

Isang 35 anyos na lalaki ang hinuli ng awtoridad matapos umano pasukin at pagnakawan ang isang branch ng Bank of the Philippine Islands (BPI) sa Sta. Cruz, Laguna Huwebes ng gabi, ayon sa mga awtoridad. Read more »

Bangko Sentral sees inflation staying benign, to keep rates low

ABS-CBN News
Posted at Jan 21 05:23 PM

The Bangko Sentral ng Pilipinas said Thursday it expects inflation to remain "benign" this year allowing it to keep interest rates low to help economic recovery.  Read more »

Goldman Sachs earnings surge amid pandemic upheaval

John Biers, Agence France-Presse
Posted at Jan 20 10:00 AM

Goldman Sachs reported another blowout quarter Tuesday to conclude a highly profitable 2020 despite the coronavirus pandemic, which provided lucrative opportunities to the investment bank while battering much of the US economy. Read more »

Departing EXIM chief urges Biden team to counter Chinese lending dominance

Andrea Shalal and David Lawder, Reuters
Posted at Jan 19 10:42 AM

The head of the Export-Import Bank of the United States (EXIM) on Monday urged the Biden administration to keep pushing to neutralize Chinese export subsidies and help US companies compete, building on gains made under Donald Trump. Read more »

Hit by pandemic, eurozone sees ghost of the debt crisis

Alex Pigman, Agence France-Presse
Posted at Jan 19 09:41 AM

European governments fear the Covid-19 pandemic will punish the most fragile economies the hardest, widening gaps between EU member states and reviving memories of the eurozone debt crisis. Read more »

New series aims to improve English reading skills of Filipino elementary students

ABS-CBN News
Posted at Jan 18 06:45 PM

Titled "Ready, Set, Read," the first five episodes of the series will be aired starting January 19. Read more »

EastWest Bank says branch manager gone missing with money of 2 depositors

ABS-CBN News
Updated as of Jan 14 09:20 PM

In a statement, EastWest Bank admitted that one of its branch managers “has gone missing together with the deposits of her two customers with whom she had been transacting for years." Read more »

BSP seen cutting rates, RRR anew as economy shrinks again in 4th quarter

Warren de Guzman, ABS-CBN News
Posted at Jan 14 06:41 PM

The Bangko Sentral ng Pilipinas may cut its policy rate again or further reduce banks' required reserve ratio as the Philippine economy again shrinks in the fourth quarter, an economist said on Thursday.  Read more »

Finance chief assures enough funds for COVID-19 vaccines

ABS-CBN News
Posted at Jan 14 01:24 PM

Finance Secretary Carlos Dominguez III said the DOF has “in place” P75 billion of the P82.5 billion budget required to provide vaccines to around 55 percent of the population. Read more »

LIST: BSP updates list of banks extending free transfers for 2021

ABS-CBN News
Posted at Jan 12 01:58 PM

The Bangko Sentral has updated its list of local banks extending the free interbank transfers this year through PESONet and InstaPay. Read more »

Fed's Kaplan hopes to begin QE weaning this year

Ann Saphir, Reuters
Posted at Jan 12 11:59 AM

Dallas Federal Reserve President Robert Kaplan on Monday said he expects broad vaccine distribution to unleash strong economic growth later this year, allowing the U.S. central bank to begin to pull back on some of its extraordinary monetary support. Read more »

New Zealand central bank hit by cyber attack

Agence France-Presse
Posted at Jan 10 12:37 PM

New Zealand's central bank said Sunday it was responding with urgency to a "malicious" breach of one of its data systems, a third-party file sharing service that stored "sensitive information". Read more »

Foreign investments down to $423 million in October on resurgence of COVID-19 cases

ABS-CBN News
Posted at Jan 08 05:01 PM

Foreign direct investments to the Philippines reached $423 million net inflows in October, a 24.5-percent drop versus a month ago on increasing COVID-19 cases, the Bangko Sentral ng Pilipinas said on Friday. Read more »

Bangko Sentral lays down new rating framework for lenders

Bruce Rodriguez, ABS-CBN News
Posted at Jan 07 06:24 PM

The Bangko Sentral ng Pilipinas has put in place a new rating framework for the financial institutions under its supervision as it seeks to boost the stability of the local banking system amid the COVID-19 health crisis. Read more »

PH economy to see slower 4 to 4.2 pct growth post-2021: economist

Nika Lazo, ABS-CBN News
Posted at Jan 07 11:55 AM

The Philippine economy is likely to settle on a "lower growth path" of 4 to 4.2 percent in the years after 2021, slower than the 6 percent average growth of gross domestic product (GDP) pre-coronavirus, an economist said Thursday. Read more »

World Bank sees more countries in 'deep debt distress' this year

Reuters
Updated as of Jan 06 10:57 AM

Chad and several other countries are already in deep debt distress and more will join their ranks this year, given the severity of the global recession triggered by the COVID-19 pandemic, World Bank Group President David Malpass said. Read more »

World Bank warns global recovery could erode if virus worsens

Heather Scott, Agence France-Presse
Updated as of Jan 06 02:50 AM

WASHINGTON - The World Bank on Tuesday downgraded its outlook for the global economy, and warned the situation could deteriorate if COVID-19 infections accelerate or the vaccine rollout is delayed. Read more »

BSP to keep rates low, says inflation 'least' of worries

ABS-CBN News
Posted at Jan 05 11:53 AM

The Bangko Sentral intends to keep interest rates low for “many quarters to come” and that inflation was the “least” of its worries despite consumer prices rising at their fastest pace since March 2019.  Read more »

LIST: Banks waiving interbank transfer fees

ABS-CBN News
Posted at Jan 04 06:25 PM

Several banks have announced that they will be waiving interbank transfer fees via Instapay and PESONet to encourage online transactions amid the continued threat of COVID-19. Read more »

Landbank hits 94.5 pct of lending target to farmers, fishers as of Nov: DOF

ABS-CBN News
Posted at Jan 04 05:02 PM

The Land Bank of the Philippines has achieved 94.5 percent of its P245-billion lending target as of November last year, the Department of Finance said Monday. Read more »