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ADB's new president assumes office

Ronron Calunsod, ABS-CBN News
Posted at Jan 17 11:53 AM

MANILA – The Asian Development Bank’s new president, Masatsugu Asakawa of Japan, assumed office on Friday, the Manila-based financial institution said. Read more »

BPI reschedules system maintenance to Feb 22

ABS-CBN News
Posted at Jan 16 08:52 AM

The Philippines fourth largest lender said clients could proceed with their planned transactions this weekend. Read more »

US continues 'modest' growth, outlook 'modestly favorable': Fed

Agence France-Presse 
Posted at Jan 16 07:49 AM

The US economy showed less-than-stellar growth in final weeks of 2019, but produced solid holiday sales and enters 2020 with a "modestly favorable" outlook, the Federal Reserve said Wednesday.   Read more »

Taal could pose 'temporary speed bump' to economy: ING Bank

ABS-CBN News
Posted at Jan 14 10:04 AM

Calabarzon or the provinces of Cavite, Laguna, Batangas Rizal and Quezon in Southern Luzon is an industrial and car assembly hub just a couple hours drive from the capital.   Read more »

LIST: Closed bank branches due to Taal eruption, Jan. 13

ABS-CBN News
Posted at Jan 13 11:19 AM

BDO Unibank, Bank of the Philippine Islands, Security Bank, and Metrobank advised clients on the closure of some branches. Read more »

'4Ps' beneficiary higit 1 taon naghintay para sa bagong cash card

ABS-CBN News
Posted at Jan 11 06:54 PM

Kuwento ni Vilma Wayco, sinusunod naman nila lahat ng kondisyon sa pagiging 4Ps member. Read more »

China's Communist Party expels ex-chairman of China Development Bank

Reuters
Posted at Jan 11 02:10 PM

A former chairman of the China Development Bank, Hu Huaibang, has been expelled from the country's ruling Communist Party for serious violations of discipline, the party's graft watchdog said on Saturday. Read more »

World Bank trims 2020 growth forecast amid slow recovery for trade, investment

David Lawder, Reuters
Updated as of Jan 09 07:40 AM

The multilateral development bank said 2019 marked the weakest economic expansion since the global financial crisis a decade ago, and 2020, while a slight improvement, remained vulnerable to uncertainties over trade and geopolitical tensions.   Read more »

Bank lending, money supply expand in November

ABS-CBN News
Posted at Jan 08 07:11 PM

Bank lending and the amount of money circulating in the country's financial system both expanded in November, the Bangko Sentral said on Wednesday citing preliminary data. Read more »

Bangko Sentral to sell special P10,000 and P500 coins

ABS-CBN News
Updated as of Jan 10 05:49 PM

The Bangko Sentral ng Pilipinas will be selling special P10,000 and P500 commemorative coins to celebrate the 70th anniversary of central banking in the country. Read more »

Gross international reserves hit $88.9-B in December

ABS-CBN News
Updated as of Jan 07 07:12 PM

The Philippines' gross international reserves (GIR) reached a historic high of $87.86 billion at the end of December, the central bank said on Tuesday.  Read more »

BPI restores web, mobile services following interruption

ABS-CBN News
Updated as of Jan 03 07:12 PM

The Bank of the Philippine Islands (BPI) said financial services has been restored following a temporary interruption that irked consumers Friday afternoon. Read more »

Your money or your life: Can nations prosper by putting well-being before GDP in 2020?

Rina Chandran, Thomson Reuters Foundation
Posted at Jan 02 11:42 AM

With protests from Chile to Hong Kong last year over widening inequality, violence against women, and climate change, more policymakers and campaigners started to openly debate potential shifts away from an economic model that relies on growth. Read more »

Bank robber throws cash in air, shouting 'Merry Christmas'

Keith Coffman, Reuters
Posted at Dec 25 09:44 AM

DENVER - A man with a white beard was being held on $10,000 bond for allegedly robbing a Colorado bank and throwing the stolen cash into the air while shouting, “Merry Christmas” to passersby, police and local media reported on Tuesday. Read more »

LIST: Bank schedule for Christmas, New Year holidays 2019

ABS-CBN News
Updated as of Dec 23 12:00 PM

Philippines banks will open several branches during the upcoming Christmas and New Year holidays to serve the banking needs of consumers.    Read more »

Massive debt wave could crash on developing countries, World Bank warns

Heather Scott, Agence France-Presse
Posted at Dec 20 09:08 AM

The World Bank and International Monetary Fund have been sounding the warning about growing global debt for years, but the latest report is even more stark and turned up the volume on its calls for governments to take steps to prevent a debt crisis. Read more »

Massive debt wave could crash on developing countries, World Bank warns

Heather Scott, Agence France-Presse
Posted at Dec 20 03:51 AM

A wave of debt in emerging and developing nations has grown faster and larger than in any period of the last five decades and could end with another crisis, the World Bank warned Thursday.   Read more »

BSP reviews BPI, 10 banks for links to Australian bank linked to dirty money

ABS-CBN News
Updated as of Dec 18 10:09 PM

MANILA (UPDATED) - The Philippine central bank said Wednesday it was reviewing transactions of 10 banks, coursed through Bank of the Philippine Islands (BPI), for money that came from Westpac, one of Australia's largest banks that is accused of money laundering. Read more »

Globe Telecom signs P5-billion term loan with DBP

ABS-CBN News
Posted at Dec 17 11:18 AM

Globe Telecom on Tuesday said it signed a P5 billion term loan facility with the Development Bank of the Philippines to finance its expenditures and other obligations. Read more »

World Bank fund for poor countries gets record boost

Agence France-Presse
Posted at Dec 14 02:23 AM

A key World Bank fund dedicated to lifting countries out of poverty has received a record $82 billion in funding and pledges for the next three years, its president said Friday. Read more »