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Lawrence Agcaoili
Lawrence Agcaoili
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RCBC partners with 2 banks from Japan
by Lawrence Agcaoili - May 27, 2018 - 12:00am
Rizal Commercial Banking Corp. (RCBC) has partnered with Japan’s Kansai Mirai Financial Group Inc. to help small and medium-sized Japanese firms advance their businesses in the Philippines.
BSP, DepEd team up to promote financial education in schools
by Lawrence Agcaoili - May 27, 2018 - 12:00am
The Bangko Sentral ng Pilipinas (BSP) is bringing financial education to more than 47,000 public schools nationwide to help 700,000 teachers and non-teaching personnel as well as 24 million students make better financial...
Peso slumps to P52.7:$1, weakest in 12 years
by Lawrence Agcaoili - May 26, 2018 - 12:00am
The peso extended its losing streak for the third day in a row yesterday, shedding another 15 centavos to close at 52.70 from Thursday’s close of 52.55 to $1, a day after the Bangko Sentral ng Pilipinas reduced...
More senators want excise tax on fuel suspended
by Lawrence Agcaoili - May 26, 2018 - 12:00am
As oil prices are seen to hit record highs, putting further pressure on inflation, more senators have joined calls for the suspension of a provision in the Tax Reform for Acceleration and Inclusion law that raised...
Dirty money monitoring expanded to jewelry dealers, fund managers
by Lawrence Agcaoili - May 25, 2018 - 12:00am
The Anti-Money Laundering Council is strictly monitoring jewelry dealers, fund managers, lawyers, and accountants as it continues to step up efforts to combat money laundering and terrorist financing.
BDO expands credit card offering with Diners Club
by Lawrence Agcaoili - May 25, 2018 - 12:00am
BDO Unibank Inc. has further expanded its extensive line-up of credit card offerings with the addition of Diners Club International together with Discover Financial Services.
PBCom raising P5 billion from LTNCD offer
by Lawrence Agcaoili - May 25, 2018 - 12:00am
Listed Philippine Bank of Communications is raising as much as P5 billion from the issuance of long-term negotiable certificates of deposits to beef up its long term funding.
Inflation uptick not a cause for concern, says ADB
by Lawrence Agcaoili - May 25, 2018 - 12:00am
Multilateral lender Asian Development Bank said the faster increase in consumer prices should not be a cause for concern in the Philippines as monetary authorities are doing everything to curb rising inflationary...
BSP further trims bank reserves
by Lawrence Agcaoili - May 25, 2018 - 12:00am
The Bangko Sentral ng Pilipinas decided yesterday to cut the level of deposits banks are required to maintain with the central bank, releasing close to P100 billion in fresh funds into the financial system to support...
Philippines in Moody’s list of most vulnerable to climate
by Lawrence Agcaoili - May 24, 2018 - 12:00am
Moody’s Investors Service has included the Philippines in a list of 36 countries whose credit quality is most vulnerable to climate change.
Weak demand prompts BSP to trim term deposit volume
by Lawrence Agcaoili - May 24, 2018 - 12:00am
The Bangko Sentral ng Pilipinas has slightly lowered the volume of term deposits to be auctioned next week as the term deposit auction facility was undersubscribed yesterday.
PSBank eyes P15 billion from LTNCDs
by Lawrence Agcaoili - May 23, 2018 - 12:00am
Listed Philippine Savings Bank is raising as much as P15 billion through the issuance of long-term negotiable certificates of time deposits as it beefs up its consumer banking business.
BPI microfinance unit targets P2 billion loan book
by Lawrence Agcaoili - May 22, 2018 - 12:00am
BPI Direct BanKo, the microfinance arm of Ayala-led Bank of the Philippine Islands, is expanding its loan book to P2 billion this year, more than four times the P450-million recorded last year.
BSP prods rural banks to expand, lend more
by Lawrence Agcaoili - May 22, 2018 - 12:00am
The Bangko Sentral ng Pilipinas (BSP) yesterday cited the role of rural banks in promoting broader countryside development through financial inclusion and in helping micro, small and medium enterprises (MSMEs), as...
Peso falls to 11-year low
by Lawrence Agcaoili - May 22, 2018 - 12:00am
The peso continued to weaken yesterday, shedding 13.5 centavos to close at a fresh 11-year low amid the country’s weakening external payments position due to the widening trade and current account defici...
BSP ready to recalibrate policy stance
by Lawrence Agcaoili - May 21, 2018 - 12:00am
Monetary authorities are prepared to recalibrate the country’s policy stance, if the earlier rate hike is not enough to keep inflation within the two to four percent target set by the Bangko Sentral ng Pilipinas...
Philippines less vulnerable to US rate hikes – Fitch
by Lawrence Agcaoili - May 21, 2018 - 12:00am
The Philippines, together with its banking and corporate sectors, is less vulnerable to the ongoing normalization path being taken by the US Federal Reserve, according to Fitch Ratings.
Remittances likely recover in April — ING
by Lawrence Agcaoili - May 20, 2018 - 12:00am
Dutch financial giant ING Bank sees remittances recovering after booking its steepest decline in 15 years last March amid the continued repatriation of Filipino workers from the Middle East as well as fewer banking...
BSP further eases forex rules
by Lawrence Agcaoili - May 19, 2018 - 12:00am
The Bangko Sentral ng Pilipinas yesterday launched its 11th wave of foreign exchange liberalization measures as part of the ongoing game-changing financial sector reforms.
Hot money inflow up 5-fold in April 2018
by Lawrence Agcaoili - May 19, 2018 - 12:00am
Foreign portfolio investments or hot money continued to flow into the Philippines on the back of the country’s sound macroeconomic fundamentals, the Bangko Sentral ng Pilipinas reported yesterday.
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