Money
Bank marketers group seeks stronger tieup with BSP
The Bank Marketing Association of the Philippines wants a stronger partnership with the Bangko Sentral ng Pilipinas in 2023 in...
Remittances increased by 3.5% to $2.76b in first month of 2023
Remittances continued to rise in 2023, following a 3.6-percent growth in 2022 that supported the recovery of the economy. The...
Bank of Commerce booked record P1.8-b profit in 2022
Bank of Commerce, the financial arm of conglomerate San Miguel Corp., said Wednesday net profit in 2022 climbed 49 percent...
BAP assures depositors of local banks’ stability
The 44-member strong Bankers Association of the Philippines assured depositors on Tuesday that the domestic banking system remains strong and...
LandBank approves P41-billion loans for business recovery
State-run Land Bank of the Philippines expects more businesses and cooperatives to tap its I-RESCUE (Interim REhabilitation Support to Cushion...
Retired chief justice calls proposed DBP-LBP merger ill-advised
A former top official of the Judiciary cautioned the government against proposal to merge the country’s top financial institutions, saying...
GIR declined to $99.3b as of end-February—BSP
The gross international reserves declined to $99.3 billion as of end-February from $100.7 billion in January after the government settled...
Regulators hike ceiling on retirement fund contribution
The Bangko Sentral ng Pilipinas said Monday the maximum annual contribution to the Personal Equity and Retirement Account, a voluntary...
Security Bank’s income jumps by 53% to P10.6b
Security Bank Corp. said it posted a 53-percent growth in net income to P10.6 billion in 2022, driven by improved...
Higher interest rates drag bank lending growth
Bank lending growth in January slowed to 10.4 percent from 13.7 percent in December amid the rising interest rates and...
Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.