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Lawrence Agcaoili
Lawrence Agcaoili
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Digital shift permanent, says survey
by Lawrence Agcaoili - October 28, 2020 - 12:00am
The shift by businesses in the Philippines to digital transactions may be permanent as the country continued to impose varying degrees of containment measures to limit the spread of COVID-19, according to a survey...
UnionBank net income steady
by Lawrence Agcaoili - October 27, 2020 - 12:00am
The net income of Aboitiz-led Union Bank of the Philippines was steady at P8.48 billion from January to September compared to P8.51 billion in the same period last year despite the surge in provision for bad loans...
BDO recovers in 3rd quarter
by Lawrence Agcaoili - October 27, 2020 - 12:00am
Earnings of BDO Unibank Inc. recovered in the third quarter, but the bank’s delinquency problem on loans has not yet peaked even if provisioning reached a record P23.83 billion from January to September, 5.6...
Big banks have yet to tap capital, liquidity buffers
by Lawrence Agcaoili - October 26, 2020 - 12:00am
Big banks in the Philippines have yet to tap their capital and liquidity buffers to absorb losses and support financing requirements amid the COVID-19 pandemic, according to the Bangko Sentral ng Pilipinas.
Global banks to play vital role in post-pandemic recovery
by Lawrence Agcaoili - October 26, 2020 - 12:00am
Banks worldwide are armed with strong balance sheet and will continue to play their part in supporting economic recovery amid the global health crisis, according to Singapore’s DBS Bank Ltd.
Impact of drop in remittances to GDP minimal, says BSP
by Lawrence Agcaoili - October 26, 2020 - 12:00am
The projected two percent decline in remittances from overseas Filipino workers (OFWs) due to the COVID-19 pandemic may have minimal impact on the economy, according to the Bangko Sentral ng Pilipinas.
RCBC ramps up digital platform via DiskarTech
by Lawrence Agcaoili - October 25, 2020 - 12:00am
Rizal Commercial Banking Corp. continues to accelerate digital inclusion across communities through the DiskarTech app, which has adopted the interoperable national QR (quick response) code standard.
BSP wants more banks to join credit rate database
by Lawrence Agcaoili - October 25, 2020 - 12:00am
The Bangko Sentral ng Pilipinas wants more banks to participate in the establishment of a credit rate database, particularly for small and medium enterprises, with the help of the Japan International Cooperation...
‘Tourism prospects bleak’
by Lawrence Agcaoili - October 25, 2020 - 12:00am
Recovery prospects for tourism and business travel remain bleak as international travel restrictions are still broadly in place amid the coronavirus disease 2019 pandemic, British banking giant HSBC said.
Government foreign borrowings surge to $13 billion in 9 months
by Lawrence Agcaoili - October 24, 2020 - 12:00am
Foreign borrowings by the national government surged by 44.2 percent to $13.14 billion in the nine months to September as the country turned to the offshore debt market for more funds to bankroll key infrastructure...
Only 20% of seniors covered by pension
by Lawrence Agcaoili - October 24, 2020 - 12:00am
Only 20 percent of the 7.6 million senior citizens in the country are covered by either the Government Service Insurance System or Social Security System , the Bangko Sentral ng Pilipinas (BSP) said.
BSP mulls interest rate cap on other loans
by Lawrence Agcaoili - October 23, 2020 - 12:00am
The Bangko Sentral ng Pilipinas is studying the possibility of imposing a ceiling on interest rates for other types of loans to ease the burden of consumers amid the COVID-19 pandemic.
BDO leasing unit unloads more assets
by Lawrence Agcaoili - October 23, 2020 - 12:00am
BDO Leasing and Finance Inc. continued to unload it assets as part of the ongoing efforts to unwind its leasing and financing businesses and transform into a holding company.
IMF: Flattening COVID-19 curve key to economic rebound in AsPac
by Lawrence Agcaoili - October 23, 2020 - 12:00am
Flattening the curve of COVID-19 cases is a pre-requisite for a firm economic recovery in Asia Pacific as the region is seen posting its most severe economic contraction in generations this year, the International...
Diokno nixes BSP foray into digital currency
by Lawrence Agcaoili - October 23, 2020 - 12:00am
The Bangko Sentral ng Pilipinas is not likely to issue its own digital currency within three years as it further evaluates the possible implications and potential risks from the perspectives of monetary policy, financial...
Term deposit rates rise
by Lawrence Agcaoili - October 22, 2020 - 12:00am
Term deposit rates increased on strong demand from cash-rich banks as the Bangko Sentral ng Pilipinas (BSP) continued to suspend the offering of the 28-day tenor.
Security Bank gets P1.5 billion from sale of financing arm
by Lawrence Agcaoili - October 22, 2020 - 12:00am
Security Bank Corp. received P1.53 billion from the sale of its 50 percent stake in its consumer finance subsidiary to Thailand’s Bank of Ayudhya Public Co. Ltd., commonly known as Krungsri.
PSBank on solid ground vs rise in sound loans
by Lawrence Agcaoili - October 21, 2020 - 12:00am
Philippine Savings Bank said its sound capitalization and aggressive provisioning would temper pandemic-related risks, particularly the rise in bad loans next year.
Digital validation of clients top pain points of Philippines banks
by Lawrence Agcaoili - October 21, 2020 - 12:00am
Silicon Valley-based global analytics software firm FICO said the complexity and cost of validating digital banking clients emerged as the top pain points of Philippine banks.
Fitch: Tourism receipts to remain weak next year
by Lawrence Agcaoili - October 21, 2020 - 12:00am
The impact of the coronavirus disease 2019 or COVID-19 pandemic is seen disrupting international services trade, particularly tourism in the Asia-Pacific region including the Philippines until next year, according...
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