finance | ABS-CBN News

Krungsri, MUFG to acquire Home Credit Philippines

ABS-CBN News
Updated as of Jun 02 11:32 AM

Home Credit Philippines or HC Consumer Finance Philippines Inc said on Friday it was acquired by Thailand's Bank of Ayudhya PCL or Krungsri and Japan's Mitsubishi UFJ Financial Group for P24.4 billion. Read more »

Bangko Sentral, TESDA, BDO Foundation to develop free financial literacy course

ABS-CBN News
Posted at Jun 01 10:47 AM

The BSP said it signed an agreement with the TESDA and BDO Foundation for the development of free online courses on personal finance. Read more »

Diokno allays fears Maharlika to lead to bank collapse

Job Manahan, ABS-CBN News
Updated as of May 30 03:08 PM

When asked if there was no need to worry about the issue, the finance chief said, "there is no basis for that." Read more »

'Open economy' needs tighter cybersecurity: fintech experts

Lady Vicencio, ABS-CBN News
Posted at May 24 06:02 PM

Fintech experts said the Philippines is headed toward an open economy, wherein data will be shared among financial institutions, government and businesses. Read more »

Digital banking unlocks new trends, deposit 'interest rate shopping'

ABS-CBN News
Posted at May 16 10:25 AM

Digital banks and fintech investments have paved the way for new consumer trends such as the preference for higher interest rates on deposits. Read more »

How to grow your money with Pag-IBIG MP2 Savings

Aneth Ng-Lim
Posted at May 15 07:29 PM

While waiting for my turn in PAGIBIG, I spotted a flyer about MP2 Savings, and back then they just announced paying a dividend rate of 8.11 percent! Read more »

PNB net income up 71 pct at P4.8 billion in Q1

ABS-CBN News
Posted at May 15 11:11 AM

PNB said this was driven by increases in interest margins, fee-based income and gains on the disposal of foreclosed properties. Read more »

Posibilidad ng data breach sa ilang GCash accounts, iniimbestigahan

ABS-CBN News
Posted at May 13 07:50 PM

Iniimbestigahan na ng National Privacy Commision ang posibilidad ng data breach sa mga nakompromisong account ng GCash kasunod ng glitch kamakailan. Read more »

Ilang biktima ng 'nawalang' GCash funds nakatanggap ng phishing site links

ABS-CBN News
Posted at May 11 07:15 PM

Iimbestigahan na ng Cybercrime Investigation and Coordinating Center ang naging problema sa GCash matapos ang ilang reklamo. Read more »

Sandiganbayan clears DFA finance officer found guilty by lower court

Adrian Ayalin, ABS-CBN News
Posted at May 11 01:23 PM

The Sandiganbayan has cleared a DFA official found guilty of graft by a lower court over her failure to deposit state funds amounting to P812,819. Read more »

Pension system ng military uniformed personnel, pinarerepaso

ABS-CBN News
Posted at May 10 08:31 PM

Pinarerepaso ng ilang opisyal ng gobyerno ang pension system ng military uniformed personnel. Read more »

GCash pinagpapaliwanag ng privacy commission dahil sa 'nawalang' pera

ABS-CBN News
Posted at May 10 07:20 PM

Giit naman ng Gcash, phishing at hindi hacking ang dahilan ng mga hindi awtorisadong transaksiyon. Read more »

Ilang bangko tumutulong sa imbestigasyon sa aberya sa GCash

ABS-CBN News
Posted at May 09 09:13 PM

Tumutulong sa imbestigasyon ang dalawang bangko sa naging aberya sa GCash. Read more »

Users 'nawalan' ng pera pero GCash tiniyak na di nagalaw ang pondo

ABS-CBN News
Posted at May 09 09:06 PM

Nawalan umano ng pera ang ilang GCash users. Pero ayon sa Globe, walang nawalang pera. Read more »

DOF chief calls for overhaul of military pension system

ABS-CBN News
Updated as of May 07 06:54 PM

The finance secretary said the government is estimated to spend P848.39 billion annually for the next 20 years to finance the current pension system. Read more »

Metrobank net income climbs 31 percent in Q1 on back of gross loan growth

ABS-CBN News
Posted at May 05 11:02 AM

Metrobank said on Friday its net income grew 31 percent in the first quarter of 2023. Read more »

BDO net income rises to P16.5 billion in Q1 2023

ABS-CBN News
Posted at Apr 18 07:12 PM

BDO booked a net income of P16.5 billion in the first quarter of 2023 amid growth across its businesses, the country’s largest bank in terms of assets said on Tuesday. Read more »

Marcos names new DOF, DSWD undersecretaries, special envoy

Job Manahan, ABS-CBN News
Posted at Apr 14 02:00 PM

President Ferdinand Marcos, Jr. has appointed two undersecretaries under the finance and social welfare departments, and also named his new special envoy to Japan. Read more »

Can you afford long weekends? These rest days are likely hurting your savings

Aneth Ng-Lim
Updated as of Apr 10 03:35 PM

With the long weekends already set, all travel-related companies are also ready with higher rates anticipating the bigger demand on these red-letter dates. Read more »

Inflation cools to 7.6 percent in March

Jessica Fenol and Warren De Guzman, ABS-CBN News
Updated as of Apr 05 02:46 PM

Inflation in March decelerated partly due to the easing in food and non-alcoholic beverages as well as in transport, the state statistics bureau said on Wednesday. Read more »