No need to reduce thrift banks’ MLR, BSP says
THE BANGKO SENTRAL ng Pilipinas (BSP) will not cut the minimum liquidity ratio (MLR) of thrift banks despite calls for its reduction from the...
More urgent than ever
By Wilfredo G. Reyes
Export diversification has long been a strategy pushed to maximize space for our goods and services to grow, thus, in part generating more business...
Newport hosts a Bavarian-style feast
THANKS to the marriage of Bavaria’s King Ludwig I to Princess Therese of Saxe-Hildburghausen in 1810, Oktoberfest is now celebrated around the world. In...
What it’s like dining at a restaurant popular with HK tycoons
SHEUNG SHING CHIU CHOW SEAFOOD RESTAURANT, with its spartan interior and deafening ambience, may look better placed in an old neighborhood in Kowloon than in the middle of Central’s skyscrapers and posh bars. But make no mistake, this is where Hong Kong’s rich and famous often come to eat.
Term deposit yields decline as inflation eases to 7-month low
YIELDS on the term deposits of the Bangko Sentral ng Pilipinas (BSP) declined on Wednesday following slower-than-expected headline inflation in August.
Demand for the central...
Could AI create deadly biological weapons? Let’s not find out
By The Editorial Board
FOR AS DEADLY as the coronavirus pandemic was, the next one could be more nightmarish. Powerful new artificial intelligence (AI) models, combined with novel...
Blockchain can shield companies from cyberattacks, tech outages
BLOCKCHAIN TECHNOLOGY can help local businesses improve their resilience against data breaches and downtime caused by information technology (IT) outages, ICP Hub Philippines said.
Philippine banks’ assets rise to P25.93 trillion at end-July
THE PHILIPPINE banking industry’s assets jumped by 12.24% year on year as of end-July, Bangko Sentral ng Pilipinas (BSP) data showed.
Lenders’ combined assets increased...
Dining In/Out (09/12/24)
GUESTS can indulge in Hong Kong mooncakes and Japanese cocktails at The Peninsula Manila — not at the same time, unless they want to that is.
Airport modernization and fiscal savings from NAIA privatization
By Bienvenido S. Oplas, Jr.
This Saturday, Sept. 14, the New NAIA Infra Corp. (NNIC) will take over the upgrading, modernization, operation, and maintenance of the Ninoy Aquino International...
Sony sparks debate by pricing new PlayStation version well above Xbox
SONY Group Corp. priced a faster version of the PlayStation 5 well above its rival Xbox at $700, suggesting the entertainment giant sees a...
Consumer credit perception improves, with further financial inclusion opportunities possible
By Weihan Sun
CREDIT is a powerful tool that can offer great convenience. It has the power to unlock financial opportunities for consumers, entrepreneurs, and...