ADB infrastructure lending expected to hit $9.1-B
The Asian Development Bank (ADB) on Thursday said loans supporting the country’s infrastructure projects could hit a record-high of $9.1 billion between 2020…
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154 results for “Bank”
Bank of Korea lowers rate to 1.25%
The rate cut comes as the World’s 11th largest economy struggles from a prolonged trade row between the US and China as well as Seoul’s standoff with Tokyo…
WB: PHL remains lower-middle income economy
The World Bank (WB) announced that the Philippines has kept its standing in the lower-middle income economy bracket in its latest classification of countries…
Don’t bank on surveys
“Despite a seven percentage drop in approval and trust ratings, a 78 percent approval rating is still fairly high, even if his second quarter rating had an 85…
NOW Corp. gets banking, gigabit client
Both parties also agreed to explore utilizing NOW Fiber Air for UnionBank’s branches and other sites owned and operated by the Aboitiz-led bank. #FiberAir…
DBP extends P600M loan to LGU
The local government of Tuguegarao in Cagayan province successfully obtained financial support from the Development Bank of the Philippines (DBP) for the…
Mexico SC justice quits over suspicious bank deposits
Eduardo Medina Mora also previously served as Mexican ambassador to the US. (AFP)
CIMB furthers PHL financial inclusion
CIMB Bank has been steadfast in adopting the latest technologies to present the best banking solutions to their customers.
World Bank: PHL’s 4Ps worth emulating
The Washington-based World Bank on Thursday revealed that the Philippines’ 12-year-old Pantawid Pamilyang Pilipino Program (4Ps) deserves to be emulated across…
BPI: Major system upgrades seen
The Bank of the Philippine Islands (BPI) announced on Thursday that several of its banking services will be unavailable on 19 October as its system is up for a…
Australia central bank cuts rates to record low
Australia’s central bank on Tuesday lowered the cost of borrowing, slashing interest rates for the third time this year amid fears about the flagging domestic…
M3, bank lending down for August
Domestic liquidity, also known as M3, grew at a slower rate for the month of August, the Bangko Sentral ng Pilipinas (BSP) reported on Monday.
Recto Bank fishermen may claim damages
The official was reacting to reports of complaints from the fishermen that they have yet to receive aid from the owner of the Chinese vessel that hit and sank…
PNB raising P2B under 2nd LTNCD offer
Philippine National Bank (PNB) is raising P2 billion in fresh funds from the issuance of long-term negotiable certificates of deposit (LTNCD) due 2025 to…
BRIEFS: Card Bank Partners with Bayad Center
Card Bank Inc. recently teamed up with CIS Bayad Center Inc. the country’s premium and pioneer in over-the-counter transactions facility, to enable clients to…
Asian markets mostly up after Fed rate cut
Bank of Japan leaves policy unchanged after Fed rate cut. (Getty)
US Fed cuts key interest rate a quarter point
Federal Reserve Board chair Jerome Powell said the central bank will be willing to be aggressive to support the US economy. (AFP)
RMB clearing for Phl named
Bank of China Manila has been designated as clearing bank for renminbi (RMB) business in the Philippines. This follows the memorandum of understanding signed…
Non-bank generates 2-M micro savings accounts
Based on the 2017 Financial Inclusion Survey of the Bangko Sentral ng Pilipinas (BSP), only 15.8 million Filipino adults or 22.6 percent of the total adult…
ADB head steps down
Asian Development Bank (ADB) Manila chief Takehiko Nakao announced his resignation to “give way to someone with fresh ideas,” according to the Manila-based…