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Land Bank chief seeks controlling stake in bond exchange

MANILA – The president of state-run Land Bank of the Philippines said Friday he sought board approval to acquire a majority stake in the country’s bond exchange. Land Bank wants to own at least 66.67 percent of the Philippine Dealing ...

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Paggamit ng biometrics sa bank transactions, pinag-aaralan na

Dahil sa dumaraming kaso ng fraud sa mga bangko sa bansa, tinitingnan ngayon ang paggamit ng biometrics para matiyak ang seguridad ng mga transaksyon. I-Bandila mo, Kristine Sabillo. – Bandila, Biyernes, 12 Enero, 2018 Bisitahin ang Patrol.PH para sa iba ...

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Pros and Cons of Having a Savings and Current Bank Account

Each time you use an ATM, it prompts you to choose between a savings account and a current (or checking) account. You’ve probably wondered how they differ from each other. Savings and current accounts are two basic types of deposit ...

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Net FDI inflows triple in October, central bank says

MANILA – Net inflows of foreign direct investments tripled in October, reflecting confidence in the economy, the Bangko Sentral ng Pilipinas said Wednesday. Net FDI inflows tripled to $ 2.02 in October 2017 from $ 670 million during the same ...

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RCBC official lashes out at Bangladesh Bank

A Rizal Commercial Banking Corp. (RCBC) official on Monday lashed out at Bangladesh Bank regarding the $ 81-million heist in 2016. “BB (Bangladesh Bank) is definitely partly to blame for the heist. Its refusal to be transparent is a continuing ...

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Central bank finds 'lapses' that led to BPI glitch

A bank officer talks to customers waiting to get inside the Bank of the Philippine Islands branch in Quezon City in June. Wednesday. The bank said a system glitch affected its computer system, resulting in unauthorized transactions in various accounts. ...

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Central Bank sees November inflation at 2.9-3.6 pct

MANILA – Inflation could settle with the 2.9 to 3.6 percent range in November due to higher fuel and electricity prices, the Bangko Sentral ng Pilipinas said Wednesday. The November expectation would fall within the BSP’s 2 to 4 percent ...

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LIST: Bank schedules during ASEAN Summit

The government has declared November 13-15 as non-working days in the capital and nearby provinces as Asian and Western economic leaders meet in the Philippines for the 31st Association of Southeast Asian Nations (ASEAN) Summit and related meetings. Despite the ...

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Central Bank raises 2018 inflation forecast

MANILA – The Philippine central bank on Thursday raised its inflation forecast for 2018, but kept unchanged its estimates for this year and 2019.  The central bank expects inflation to average 3.4 percent in 2018, up from a previous forecast ...

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Nepal bank latest victim in heists targeting SWIFT system

A man using a mobile phone passes the logo of global secure financial messaging services cooperative SWIFT at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. Chris Helgren, Reuters KATHMANDU – A bank in Nepal ...

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