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Hawkish Fed fuels dollar, leaves stocks and bonds bruised

Marc Jones, Reuters
Posted at Jun 17 09:19 PM

World equities were heading for their biggest fall in weeks on Thursday after the US Federal Reserve startled investors by signaling it might raise interest rates at a much faster pace than assumed, sending bond yields and the dollar sharply higher.   Read more »

BSP says small enterprises benefitted from cheap loans but lending still weak

ABS-CBN News
Posted at Jun 17 05:06 PM

Micro, small and medium enterprises have benefitted from low interest rates as the Bangko Sentral ng Pilipinas ensured that there is ample liquidity in the market, a central bank official said Thursday.  Read more »

Major Australian banks report online outages

Agence France-Presse
Posted at Jun 17 02:54 PM

Australia's major banks reported online outages affecting their websites and apps Thursday, and said they were urgently investigating the matter. Read more »

Fed signals higher rates in 2023, bond-buying taper talks as virus fades

Reuters
Updated as of Jun 17 12:49 PM

The Federal Reserve on Wednesday began closing the door on its pandemic-driven monetary policy as officials projected an accelerated timetable for interest rate increases, opened talks on how to end crisis-era bond-buying, and said the 15-month-old health emergency was no longer a core constraint on US commerce.   Read more »

1 sa 3 batang Pinoy edad 5 pababa kulang sa nutrisyon: pag-aaral

ABS-CBN News
Posted at Jun 16 08:59 PM

Ayon sa National Nutrition Council, tumaas din ang bilang ng mga pamilyang Pilipino na nakaranas ng gutom noong nakaraang taon, epekto ng pandemya.  Read more »

Fed expected to signal start of monetary policy shift debate

Howard Schneider, Reuters
Posted at Jun 16 03:00 PM

Federal Reserve officials on Wednesday are expected to at least flag the pending start of talks about when and how to exit from the crisis-era policies the US central bank put in place at the onset of the coronavirus pandemic last year. Read more »

House panel OKs bill letting workers choose bank account for payroll

RG Cruz, ABS-CBN News
Posted at Jun 14 08:24 PM

A panel of House lawmakers on Monday approved a bill seeking to allow private sector employees to choose the bank account where their wages may be deposited.  Read more »

Helpless with Missing Money Transfer?

Aneth Ng-Lim
Posted at Jun 14 01:58 PM

Sleepless nights, frantic emails and waiting on the phone for someone, just anyone, to pick up my calls to the bank customer hotline filled my days until my money was safely back in my account, down to the last centavo.   Read more »

Gokongwei group, UnionBank plan to launch own digital banks: BSP

ABS-CBN News
Posted at Jun 14 11:11 AM

The Gokongwei Group and UnionBank of the Philippines have also applied for digital banking licenses under the new framework of the Bangko Sentral ng Pilipinas, BSP Gov. Benjamin Diokno said Monday.   Read more »

Certain areas of economy 'resilient' despite pandemic: Filinvest CEO

ABS-CBN News
Updated as of Jun 11 11:44 AM

Office leasing that caters to multinational Business Process Outsourcing (BPOs), as well as the residential property business, is seeing a V-shape recovery, Filinvest Development Corp President and CEO Josephine Gotianun-Yap told ANC. Read more »

‘Too big to fail’ banks remain on solid footing despite pandemic: BSP

Warren de Guzman, ABS-CBN News
Posted at Jun 10 08:56 PM

The Bangko Sentral ng Pilipinas said it is monitoring the health of banks considered “too big to fail” but sees no cause for worry despite the disruptions caused by the COVID-19 pandemic. Read more »

Effective implementation of Mandanas Ruling to help PH recovery: World Bank

Bruce Rodriguez, ABS-CBN News
Updated as of Jun 10 09:01 PM

The World Bank said the Ruling has the potential to improve government services across the country while ensuring a more stable and inclusive recovery from the health crisis. Read more »

3 Palestinians killed in clash with Israeli forces

Agence France-Presse
Posted at Jun 10 06:36 PM

Three Palestinians were killed early Thursday by Israeli special forces who were on a mission to arrest suspected "terrorists" in the occupied West Bank, sources on both sides said. Read more »

SEC backs changes to bank secrecy law

ABS-CBN News
Posted at Jun 10 04:26 PM

The Securities and Exchange Commission said Thursday it is backing amendments to the Bank Secrecy Law to help its efforts against financial crimes. Read more »

As Fed taper looms, global central banks eye their own exits from stimulus

Leika Kihara, Mfuneko Toyana and Karin Strohecker, Reuters
Posted at Jun 10 01:08 PM

The more vulnerable emerging market central banks, such as Brazil, Ghana and Armenia, have already started their tightening cycle on rising inflation pressures.  Read more »

Samoa's disputed leader promises Chinese-backed port at a third of the cost

Jonathan Barrett, Reuters
Posted at Jun 10 08:01 AM

SYDNEY - Samoa's disputed leader is promising to build a port with Chinese help for $100 million, about a third of the cost proposed earlier, said sources with knowledge of the situation, as he bids to stay in power despite losing a parliamentary majority in a tight election. Read more »

UNObank eyes launch in PH after securing digital bank license

ABS-CBN News
Updated as of Jun 09 12:39 PM

UNObank backed by Singapore-based fintech company DigitabankASIA Pte Ltd will "soon" launch its services in the Philippines after securing a digital banking license from the Bangko Sentral ng Pilipinas.  Read more »

PH shares rise despite unemployment rise, lower growth forecast

ABS-CBN News
Posted at Jun 08 10:04 PM

Philippine shares continued their winning streak despite higher unemployment and a dimmer outlook on economic growth by the World Bank. Read more »

Israel lawmakers to vote Sunday on anti-Netanyahu gov't

Maggy Donaldson, Agence France-Presse
Posted at Jun 08 07:29 PM

JERUSALEM— After weeks of political wrangling the Israeli parliament will vote Sunday on whether to install a "change" coalition and end Prime Minister Benjamin Netanyahu's record 12 consecutive years in power. Read more »

World Bank downgrades Philippine economic forecast to 4.7 percent for 2021

ABS-CBN News
Updated as of Jun 08 02:15 PM

The World Bank on Tuesday downgraded its Philippine economic forecast citing the resurgence in COVID-19 cases and reimposition of restrictions that could affect recovery this year.  Read more »