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Lawrence Agcaoili
Lawrence Agcaoili
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RCBC’s sustainable lending portfolio increases to P52 billion
by Lawrence Agcaoili - April 15, 2021 - 12:00am
Rizal Commercial Banking Corp. augmented its sustainable lending portfolio to P52.16 billion last year as the country started to recover from the pandemic-induced recession.
S&P: Philippine banks likely to lend more despite rising bad loans
by Lawrence Agcaoili - April 15, 2021 - 12:00am
Loan disbursements by Philippine banks are seen recovering this year despite slumping for three straight months since December due to uncertainties brought about by the COVID-19 pandemic, according to S&P Global...
Moody’s raises credit outlook of Philippine banks
by Lawrence Agcaoili - April 14, 2021 - 12:00am
Moody’s Investors Service has raised the outlook of Philippine banks to stable from negative on expectations of a mild recovery from the pandemic-induced recession.
Banks’ bad loans hit 11-year high
by Lawrence Agcaoili - April 14, 2021 - 12:00am
The asset quality of Philippine banks further deteriorated for the second straight month in February as the industry’s gross non-performing loan ratio rose to 4.08 percent, the highest in more than 11 years...
Banks snub BSP’s rediscounting facility
by Lawrence Agcaoili - April 13, 2021 - 12:00am
Banks ignored the peso rediscounting loan facility of the Bangko Sentral ng Pilipinas in the first quarter due mainly to the banking industry’s high liquidity position and weak loan demand from the corporate...
FDIs hit $961 million in January
by Lawrence Agcaoili - April 13, 2021 - 12:00am
Foreign direct investments worth $961 million entered the Philippines in January, a notable 41.5 percent increase from $679 million a year ago, the Bangko Sentral ng Pilipinas said yesterday.
IMF urges BSP not to delay recognition of losses, restructuring of NPLs
by Lawrence Agcaoili - April 12, 2021 - 12:00am
A prompt loss recognition and non-performing loan restructuring may help Philippine banks prevent sharp deleveraging and recover faster from the pandemic-induced recession, according to the International Monetary...
Philippines at risk of inclusion in FATF’s grey list
by Lawrence Agcaoili - April 12, 2021 - 12:00am
The Philippines is in danger of being included anew in the grey list of Paris-based dirty money watchdog Financial Action Task Force if it fails to enact the amendments to the country’s bank secrecy laws, according...
RCBC assures stakeholders of investment protection
by Lawrence Agcaoili - April 11, 2021 - 12:00am
Yuchengco-led Rizal Commercial Banking Corp. continues to adhere to global best practices to protect the wealth and investments of its stakeholders.
BancNet notes sustained rise in cashless payments
by Lawrence Agcaoili - April 11, 2021 - 12:00am
Multi-bank, multi-channel electronic payments network operator BancNet expects a sustained increase in cashless payments this year amid strict mobility and quarantine measures to slow the spread of COVID-19.
Inflation forecast hiked to 3.9%
by Lawrence Agcaoili - April 11, 2021 - 12:00am
Barcelona-based think tank FocusEconomics raised its 2021 inflation forecast for the Philippines to 3.9 percent from the original target of 3.4 percent.
Xendit payment gateway links up with PayMaya, GCash, GrabPay
by Lawrence Agcaoili - April 10, 2021 - 12:00am
Jakarta-based financial technology firm Xendit has partnered with electronic wallets PayMaya, GCash, and GrabPay amid the changing landscape of the local payment system.
BDO, Amex bring Shop Small to Philippines
by Lawrence Agcaoili - April 10, 2021 - 12:00am
BDO Unibank Inc. and American Express are bringing the global Shop Small movement to the Philippines to help local businesses severely affected by the pandemic.
More firms expanding, hiring in Q2
by Lawrence Agcaoili - April 10, 2021 - 12:00am
More companies are planning to expand their operations and hire more workers on hopes the economy will eventually reopen and recover from the pandemic-induced recession, according to a survey conducted by the Bangko...
Businesses more optimistic in H1, says BSP
by Lawrence Agcaoili - April 9, 2021 - 12:00am
Businesses turned more upbeat for the first half amid hopes of further reopening the economy as well as the rollout of COVID-19 vaccines in the country, the Bangko Sentral ng Pilipinas said yesterday.
Government mulls lowering 2021 growth target
by Lawrence Agcaoili - April 9, 2021 - 12:00am
Government economic managers are likely to cut their 2021 economic growth target to a range of six to seven percent from the original target of 6.5 to 7.5 percent due to the imposition of another strict lockdown...
BSP retains cap on credit card interest charges
by Lawrence Agcaoili - April 9, 2021 - 12:00am
The Bangko Sentral ng Pilipinas has retained the cap on interest rates on all credit card retail purchases and cash advances at 24 percent per year or two percent per month amid the low interest regime to help the...
Despite March slip, inflation still seen breaching 5%
by Lawrence Agcaoili - April 9, 2021 - 12:00am
Ayala-led Bank of the Philippine Islands still expects inflation to breach five percent in the coming months despite easing to 4.5 percent in March.
Security Bank, MUFG ink cash management deal
by Lawrence Agcaoili - April 8, 2021 - 12:00am
Security Bank further strengthened its partnership with Japan’s MUFG Bank Ltd. through a new agreement aimed at raising the bar for financial service excellence.
Term deposit yields drop as inflation slows
by Lawrence Agcaoili - April 8, 2021 - 12:00am
Term deposit rates eased across the board anew as inflation slowed down in March amid the reimposition of enhanced community quarantine in the National Capital Region and nearby provinces.
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