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Daily Archives: January 6, 2021 | 12:04 am

BSP receives first application for a digital banking license

THE BANGKO SENTRAL ng Pilipinas (BSP) has received the first application for a digital banking license following the release of a framework for the sector in November.

Unit of Global Ferronickel projects rise in ore reserves

ORE RESERVES of a Global Ferronickel Holdings, Inc. (FNI) subsidiary have climbed by 37% to 59.45 million wet metric tons (WMT) based on its latest estimates, the parent firm told the local bourse on Tuesday.

Coronavirus payouts rise to P1.98 billion

INSURANCE PAYOUTS related to the coronavirus disease 2019 (COVID-19) totalled P1.98 billion as of end-September 2020, based on a survey conducted by the Insurance Commission (IC).

NCCA, Knowledge Channel work on educational videos

A COOPERATIVE project between the National Commission for Culture and the Arts (NCCA) and the Knowledge Channel Foundation, Inc. has resulted in 80 video lessons on reading and Filipino values.

IP E-Game to acquire stakeholdings in Fastcash, I-Pay

IP E-Game Ventures, Inc. has signed agreements for the acquisition of shares in two companies to support its expansion efforts.

Lenders adjust branch banking strategies as pandemic causes client behavior shift

BRICK-AND-MORTAR lenders are refocusing their branch banking strategies this year amid the coronavirus pandemic that has caused their customers to shift to using their digital services.

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The recent appearance of unexplained monoliths offer connections to the ancient past

IN November, news outlets reported the puzzling appearance of several peculiar, highly polished metal monoliths in remote landscapes around the world.

Grab seeks $750-million term loan, reports 78% jump in revenue last year

SINGAPORE — Southeast Asian ride-hailing and food delivery firm Grab is seeking a $750-million term loan, a term sheet showed on Monday after it announced that total group net revenue jumped by about 70% year on year in 2020 and had recovered to comfortably above pre-pandemic levels.

Pepsi-Cola streamlines business operations, now fully digital

PEPSI-COLA Products Philippines, Inc. (PCPPI) has implemented the SAP Enterprise Management System in efforts to improve its business operations and operational management.

A $13-trillion crisis-era debt bill comes due for the biggest economies

THE WORLD’S biggest economies shouldering record debt burdens are about to confront an unwelcome legacy of the financial crisis: a $13-trillion debt bill.

Arts and Culture (01/06/21)

THE PHILIPPINE Guild of Watercolorists, Inc. (PGW), will be opening its annual exhibit — which is also its first virtual exhibit — on Jan. 9.

How PSEi member stocks performed — January 5, 2021

Here’s a quick glance at how PSEi stocks fared on Tuesday, January 5, 2021.