banking

IMF backs easing of bank secrecy rule 

Amending the bank secrecy law could help prevent the Philippines from again coming under heightened…

Manila Water gets P15-B loan from Metrobank

Manila Water Company Inc. has obtained a new long-term loan facility worth up to P15…

BSP to tighten rules on tier 1 notes redemption

The Bangko Sentral ng Pilipinas (BSP) wants to tighten the conditions under which banks may…

SMBC boosts stake in RCBC to 24.46%

Japan’s Sumitomo Mitsui Banking Corp. (SMBC) has increased its ownership in Rizal Commercial Banking Corp.…

From bonus to savings: 7 habits to make the most of your year-end reward

The “ber” months in the Philippines mark the longest Christmas celebration in the world. Jose…

Emergency funds top Filipinos’ savings goals—survey

Danish Fabellon passed this year’s licensure exam for medical technologists, a milestone that required her…

BSP fine-tunes rule on officers watchlist

The Bangko Sentral ng Pilipinas (BSP) has issued new rules to clarify how financial executives…

Groundwork for near-24/7 payments settlement in place

The Bangko Sentral ng Pilipinas (BSP) is laying the groundwork for a near-24/7 payment settlement…

BPI to merge 2 remaining thrift bank subsidiaries

Ayala-led Bank of the Philippine Islands (BPI) will merge thrift bank units BPI Direct BanKo…

PH banks pare real estate exposure

Philippine banks trimmed their exposure to the volatile real estate sector in the third quarter,…