News Articles on {?keyword?} | ABS-CBN News

'Game-changer' vaccine drive to bring positive loan growth in Q3: BSP chief

ABS-CBN News
Posted at Jun 14 12:38 PM

Loans, which have been lagging for the last few months, could start growing positively again by the third quarter as the government's vaccination drive gains ground, Bangko Sentral ng Pilipinas Governor Benjamin Diokno on Monday said.  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 »

‘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 »

Bank lending contracts by 5 percent in April: BSP

ABS-CBN News
Posted at May 31 06:05 PM

Outstanding loans of universal and commercial banks, net of reverse repurchase (RRP) placements with the Bangko Sentral ng Pilipinas, declined by 5 percent year-on-year in April following a 4.5 percent contraction in March, it said Monday. Read more »

HSBC to exit US retail banking sector

Agence France-Presse
Posted at May 27 01:20 PM

HSBC announced Wednesday that it is exiting the retail and small business banking market in the United States, in line with its strategy to refocus on corporate and investment banking in Asia. Read more »

Supermodel Tyra Banks lauds PH's semis streak in Miss Universe

ABS-CBN News
Updated as of May 21 02:19 AM

“Pretty Pinoy Power Forever!” Read more »

Major banks commit to carbon neutrality by 2050

Agence France-Presse
Posted at Apr 22 08:37 AM

A group of 43 international banks including sector heavyweights have joined a UN-convened pact to reach carbon neutrality by 2050, the world body said Wednesday. Read more »

Duterte on Chinese ships situated in West PH Sea — ‘I don’t want any quarrel’

ABS-CBN News
Updated as of Apr 20 04:58 AM

In a televised public briefing, Duterte spoke on the topic for the first time since hundreds of Chinese ships were spotted in those waters late last month.  Read more »

At least 240 Chinese ships swarming in Philippines' EEZ: NTF-WPS

ABS-CBN News
Updated as of Apr 14 12:27 AM

MANILA - At least 240 Chinese ships were found in various parts of the West Philippine Sea, the National Task Force for the West Philippine Sea (NTF-WPS) said Tuesday as it denounced the continuous swarming of Chinese Coast Guard and maritime militia vessels in the Philippines' exclusive economic zone (EEZ). Read more »

Philippines summons China envoy as ships linger illegally in West PH Sea reef

ABS-CBN News
Updated as of Apr 13 04:30 PM

MANILA — The Philippines on Tuesday said it summoned Chinese Ambassador to the Philippines Huang Xilian on Monday over the "illegal lingering presence" of China's maritime militia fleet in Julian Felipe Reef in the West Philippine Sea.   Read more »

DFA chief Locsin tells China to order maritime militia fleet in PH reef to ‘move out’

ABS-CBN News
Posted at Apr 08 06:59 PM

In a tweet, Locsin said he does not believe China’s statement justifying their fleet’s presence in the area to fish, noting the vessels’ formation.  Read more »

New fees to push banks to set up more ATMs in provinces: BSP

Bruce Rodriguez, ABS-CBN News
Posted at Apr 08 06:14 PM

The Bangko Sentral ng Pilipinas (BSP) said the new fee system for ATM services can help push banks to install more units in the provinces. Read more »

To avert takeover, PH gov't urged to consistently ask China to leave Julian Felipe Reef

Davinci Maru, ABS-CBN News
Updated as of Apr 08 02:05 PM

The Philippines must conduct constant surveillance and consistently ask China to leave Julian Felipe Reef in the West Philippine Sea to prevent it from taking over the largest feature in the Pagkakaisa Banks, a maritime law expert said Thursday.   Read more »

China says not planning permanent presence in Julian Felipe Reef

ABS-CBN News
Updated as of Apr 07 08:59 PM

Chinese Foreign Ministry spokesperson Zhao Lijian also urged the Philippines to “immediately stop wanton hype-up, and avoid casting negative influence on bilateral relations and the overall peace and stability in the South China Sea.”   Read more »

FIST to let Philippine banks offload billions in bad debts in next 2 years: BSP

Bruce Rodriguez, ABS-CBN News
Posted at Mar 29 08:39 PM

Philippine banks which were badly affected by the COVID-19 pandemic will get a much-needed boost from the implementation of the Financial Institutions Strategic Transfer (FIST) Act, which will let them offload billions of pesos of bad debts. Read more »

PH should leverage defense pact with US amid China intrusion in West PH Sea - analyst

ABS-CBN News
Updated as of Mar 25 09:50 AM

The Philippines should leverage its defense treaty with the US as deterrence against China's latest incursion near Julian Felipe Reef, an analyst said Thursday. Read more »

New digital bank Tonik offers time deposit interest up to 6 percent

Jessica Fenol, ABS-CBN News
Posted at Mar 18 05:53 PM

Newly-launched all-digital bank Tonik said it is offering a time deposit interest rate of up to 6 percent and savings account interest rate of up 4.5 percent. Read more »

Toy designer Quiccs to work on Topps baseball cards

Rick Olivares
Posted at Mar 11 06:30 AM

Quiccs’ first card -– featuring former Chicago Cubs star Ernie Banks –- drops Thursday, March 11 (Manila time), and will be available for sale on the Topps website. Read more »

UK banks face climate conflicts of interest: study

Agence France-Presse
Posted at Mar 09 09:12 PM

British banks face potential conflicts of interest over climate change because almost 80 percent of board members have links with high-polluting sectors, a study showed on Tuesday.   Read more »

BDO net income down 36 pct to P28.2B in 2020 on provisions for bad loans

ABS-CBN News
Posted at Feb 24 06:46 PM

BDO Unibank Inc saw its net income drop by 36 percent to P28.2 billion last year from P44.2 billion the previous year as it allotted more loan provisions during the pandemic. Read more »