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IMF panel urges central banks to closely monitor inflation, 'act appropriately'

David Lawder and Andrea Shalal, Reuters
Posted at Oct 15 08:47 AM

Policymakers are wrestling with the inflation question as wealthy countries move beyond the pandemic to recovery, while developing economies struggle with COVID-19 variants, low vaccine access and a lack of resources. Read more »

Volume of digital payments hit 20 percent in 2020: BSP

Jessica Fenol, ABS-CBN News
Posted at Oct 08 12:03 PM

The volume of digital payments in 2020 reached 20 percent, hitting the Bangko Sentral ng Pilipinas' target for the year, the central bank said. Read more »

New money: Central banks lay out operating manual for digital cash

Reuters
Posted at Oct 01 09:06 AM

A group of central banks sketched out a potential operating manual for digital cash on Thursday as they aim to strike a balance between keeping up with cryptocurrencies and concerns that the new technology could upend commercial lenders. Read more »

9 applicants vying for last digital bank slot

Warren De Guzman, ABS-CBN News
Posted at Sep 28 04:04 PM

Nine applicants are vying for the last digital bank license, the Bangko Sentral ng Pilipinas said Tuesday. Read more »

Businesses more pessimistic in Q3: BSP survey

Warren De Guzman, ABS-CBN News
Posted at Sep 24 06:08 PM

Businesses have turned pessimistic while consumers' outlook was less pessimistic as shown in the latest business and consumer expectation surveys. Read more »

GCash, BPI to work closer amid digital competition: JAZA

Warren de Guzman, ABS-CBN News
Posted at Sep 24 04:34 PM

Jaime Augusto Zobel de Ayala said GCash and BPI have been instrumental in each others’ success and this collaboration will become more apparent over time. Read more »

PH banking system 'stable' as total assets grow: BSP

ABS-CBN News
Posted at Sep 22 05:25 PM

The Philippine banking system remains stable despite the ongoing COVID-19 pandemic as total assets grew, BSP data showed. Read more »

Ushering the new way of banking

RCBC
Updated as of Sep 08 04:07 PM

With community restrictions still in place, banking institutions are coming up with digital transformations and new ways to do banking. Read more »

Canada banks to require employees to be vaccinated

Nichola Saminather, Reuters
Posted at Aug 20 10:40 PM

Employees, starting in Canada and the United States and followed by other regions, will be asked to confirm their vaccination status. Read more »

BSP to stop accepting digital bank applications Aug. 31

ABS-CBN News
Updated as of Aug 19 05:06 PM

The monetary board will stop accepting applications for digital banks by Aug. 31, the Bangko Sentral ng Pilipinas said Thursday. Read more »

COVID reverses reluctance in online banking: JP Morgan

ABS-CBN News
Posted at Aug 10 11:45 AM

The COVID-19 pandemic has accelerated the growth of online financial services, reversing the reluctance of both banks and the consumers in the previous years, J.P. Morgan's Co-head of Asia for Financial Research Harsh Modi said Tuesday. Read more »

Banks shorten business hours amid stricter quarantine

ABS-CBN News
Updated as of Aug 09 12:36 PM

Some banks have announced shorter business hours as the government implements stricter quarantine protocols in several areas across the country to stop the spread of COVID-19. Read more »

Banks shorten business hours in ECQ areas

ABS-CBN News
Posted at Aug 04 03:41 PM

Some banks have announced shorter business hours in areas under enhanced community quarantine. Read more »

Marikina river water level rises

Mark Demayo, ABS-CBN News
Posted at Aug 02 02:08 PM

Residents monitor as water level at Marikina River dips below 15 meters, hours after the local government unit of Marikina raised alarm on the increasing water level at 5am on Monday. Read more »

BPI books highest quarterly income since start of pandemic

ABS-CBN News
Posted at Jul 22 04:54 PM

Bank of the Philippine Islands on Thursday said it posted a net income of P6.8 billion in the second quarter, which was the bank’s highest quarterly income since the start of the pandemic. Read more »

Banks still 'upbeat' but expect bad loans to remain high: BSP

ABS-CBN News
Posted at Jul 21 07:02 PM

The Bangko Sentral ng Pilipinas said Wednesday the banking industry remains optimistic despite forecasting the bad loan ratio remaining high in the short term. Read more »

More Chinese ships may be dumping wastes in Spratlys: satellite imagery expert

Zandro Ochona, ABS-CBN News
Posted at Jul 15 02:34 PM

In an online news forum, Liz Derr, CEO of AI-based satellite image analysis firm Simularity, said that based on their calculations, 2,596 pounds or over a ton of human wastes are being dumped around the Spratly and Paracel Islands every day. Read more »

China's bank regulator warns of rising bad loans due to uneven recovery

Reuters
Posted at Jul 14 08:25 PM

Chinese banks are facing the threat of rising bad loans in the future as the current economic recovery is unbalanced and lacks a solid foundation, the country's top banking and insurance watchdog said on Wednesday. Read more »

Dumped human waste from Chinese ships creating 'dead zone' in Spratlys - intelligence firm

John Gabriel Agcaoili, ABS-CBN News
Updated as of Jul 13 09:03 AM

MANILA — Raw sewage from hundreds of ships is being dumped onto reefs in the Spratly archipelago amid Chinese maritime activity, leading to concentration of unwanted and harmful algae in the maritime area, a geospatial intelligence firm revealed on Monday. Read more »

Over 100 more ships spotted in West Philippine Sea, geospatial intel firm says

ABS-CBN News
Posted at Jun 23 10:53 AM

More than 100 additional vessels were spotted within the country's exclusive economic zone in the West Philippine Sea this month, a geospatial intelligence firm has said, adding that the vessels were "likely Chinese ships". Read more »