The importance of core values
By Reynaldo C. Lugtu, Jr.
DURING the height of the pandemic in 2020, the MIT Sloan School of Management studied how corporate culture and values changed and impacted the top companies in the US by examining employee perception.
Credit growth seen to slow
LENDING GROWTH will likely slow to single-digit levels this year after the double-digit expansion seen in 2022 due to the central bank’s tightening, the...
BPI net income up 1.7% in 2017
Bank of the Philippine Islands (BPI) booked a slightly higher net income in 2017 driven by the growth of its revenues.
In a disclosure to...
LANDBANK to act as settlement bank for CIAP’s online transactions
STATE-RUN Land Bank of the Philippines (LANDBANK) has been tasked to serve as the settlement bank for online transactions of the Construction Industry Authority of the Philippines (CIAP), which is under the Trade department.
Senate OKs bill strengthening SSS
THE SENATE on Monday passed on third and final reading the bill seeking to rationalize and expand the powers of the Social Security Commission (SSC), the governing board of the Social Security System (SSS).
Hugot lines on a two-year pandemic
By Benel D. Lagua
Hugot is the Tagalog word describing a set of emotions encapsulated in phrases or sentences. The creative minds behind these striking captions are mostly the millennials reflecting on their experiences in life.
Peso weakens further on fears of slowdown in global growth
THE PESO declined anew against the dollar on Tuesday, touching the P53-per-dollar level intraday, amid persistent safe-haven demand following the downward revision of the International Monetary Fund’s (IMF) global growth forecast.
Almost a third of central banks delaying digital currency plans, report shows
LONDON — Nearly a third of central banks have pushed back launching digital versions of their currencies, a new survey shows, although a desire...
China Bank net income climbs 17% in 3rd quarter
CHINA BANKING Corp. (China Bank) posted a 17% increase in its net income in the third quarter, driven by higher revenues and core fee earnings.
Virtual banking to gain ground in emerging markets
VIRTUAL BANKING in emerging markets (EM) is seen to pick up as large unbanked populations and greater adoption of technologies present opportunities for the success of digital banks, S&P Global Ratings said.
Yields on government debt rise as central bank hikes borrowing costs
YIELDS on government securities (GS) rose across the board last week after the Bangko Sentral ng Pilipinas (BSP) hiked benchmark rates to contain rising inflation.
SEC shuts down four online lenders
Four online lending companies were ordered to shut down by the Securities and Exchange Commission (SEC) for illegally operating business.