Pag-IBIG sees loan levels returning to normal in Sept.
The Home Development Mutual Fund (Pag-IBIG) said it expects loan approvals of as much as P6 billion in September after a shortfall during the...
M3 growth slows in July to 14.5%
Money supply growth decelerated in July as the slowdown in economic activity continued following the easing of coronavirus disease 2019 (COVID-19) lockdown.
Domestic liquidity or...
Peso weaker on Moody’s GDP forecast downgrade
The peso weakened further Friday after Moody's Investors Service projected a deeper contraction for the economy than initially expected.
The currency closed at P48.62 to...
China Bank sets up $2-billion euro note program
CHINA BANKING Corp. (China Bank) is looking to raise $2 billion in fresh funds via euro bonds to support its operations, it said on Thursday.
Online sexual exploitation of children
By Flor G. Tarriela
The internet and digital technology have many benefits and advantages but have also introduced new risks and dangers. With greater internet access, bad minds have quickly seized opportunities to exploit people’s vulnerabilities, especially children. Online human trafficking includes online sexual exploitation of children (OSEC), “the production, for the purpose of online publication or transmission, of visual depictions of the sexual abuse or exploitation of a minor for third party who is not in the physical presence of the victim, in exchange for compensation.”
Peso declines further as US eyes vaccine distribution
THE PESO weakened further on Thursday as the US government said it was targeting to distribute vaccines against the coronavirus disease 2019 (COVID-19) by the end of October.
Yields on term deposits inch up as budget deficit widens in July
YIELDS ON the term deposits auctioned off by the Bangko Sentral ng Pilipinas (BSP) rose on Wednesday following the wider budget deficit as of July amid expenses for the government’s pandemic response and declining tax revenues.
Branches to serve as alternative office spaces for bank employees amid pandemic
LONDON/FRANKFURT — The COVID-19 pandemic has accelerated the shift to online banking in Europe, but it has also given some suburban branches an unexpected new purpose — as alternative office spaces for staff reluctant to commute to big HQs in city centers.
Peso weakens on positive US data, stimulus talks
THE PESO weakened on Wednesday as the US government resumes talks on a stimulus fund.
Gov’t makes full T-bill award despite higher rates
THE GOVERNMENT made a full award of the Treasury bills (T-bills) it offered on Tuesday even as yields rose across-the-board following the local central bank’s decision to keep rates unchanged and the US Federal Reserve’s announcement of a new policy framework.
BSP uses sandbox approach to boost electronic payments
THE CENTRAL BANK is using a sandbox approach to support the growth of digital financial players in the “new normal” amid the coronavirus pandemic, said Bangko Sentral ng Pilipinas (BSP) Assistant Governor Iluminada T. Sicat.
Peso inches up on Fed framework
THE PESO inched higher on Tuesday on the US central bank’s new policy framework and despite data showing the local manufacturing sector slowed in August.