LANDBANK-DBP merger: Philippines’ boon or bane?
THE PROPOSED MERGER of the Land Bank of the Philippines (LANDBANK) and Development Bank of the Philippines (DBP) has once again come to light in the first quarter of 2023 despite time running out from previous administrations and differences in mandates.
Elevated inflation, rate hikes, bank collapse fears drag markets in Q1
STUBBORN INFLATION, costlier borrowing costs, and US banking sector collapse contagion dragged domestic financial markets in the first three months of the year.
Analysts optimistic on banks’ resiliency
THE COUNTRY’S listed banks remained resilient as the local economy flourished amid a high inflationary and high-interest rate environment in the first quarter of...
How e-wallets bridge the gap between banks and ‘boomers’
WILFRIDO T. GONZALES, a 74-year-old retiree, has no intention of using an electronic wallet (e-wallet) and is strongly against it. However, physically queuing and traveling to places have become quite a challenge for his day and age.
‘No one is perfect’: Inevitability of bank glitches
THE RECENT GLITCHES in the local banking sector brought significant concern to consumers amid increased enhancement of technologically advanced systems to serve consumers.
Empowering rural banks and microfinance through fintech: A Q&A with Oradian
THE GROWING financial technology (fintech) in the Philippines prompted the international software company, Oradian to enter the financial services industry in the country especially in upscaling digitalization efforts of the rural and thrift banks as well as microfinance institutions (MFIs).
High inflation, rate hikes drag financial markets; analysts wary of global recession fears
THE CENTRAL BANK’S monetary policy tightening to combat stubbornly high commodity prices dragged the domestic financial markets last year.
Bank stocks continue to rise amid aggressive interest rate hikes
Listed banks largely grew last year thanks to the central bank’s massive interest rate hikes that improved the lenders’ margins.
Getting your finances ready for the holidays
“IT’S MORE expensive now. Our grocery expenses before reach P1,500, it doubled now because of the price,” Kaye Nana, a self-employed mother of one, said during an interview, discussing her monthly expenses.
Cyber risks: protecting the bank’s credit rating
THE Philippines’ banking and financial sector has always been the target of criminals in the past decades. With the rapid shift to remote/hybrid working environment that prompted people to maximize its digital transactions, threats in the financial sector continue to grow at a faster pace.
Solving crimes in the financial landscape: A Q&A with Tookitaki
“REDEFINING financial crime compliance to make the world a better place.”
Rising interest rates rock financial markets in Q3
PESO DEPRECIATION, rising interest rates, and high inflation swayed financial markets in the Philippine landscape in the third quarter, indicating a gloomy outlook for the rest of the year.