Money
Hot money posted $887m in net inflows last year
Foreign portfolio investments or hot money posted net inflows of $887 million in 2022, a reversal of the $574-million net...
GCash, CIMB Bank offer highest interest rate of 8%
GCash and CIMB Bank, the country’s leading digital banking services provider, are offering users up to 8 percent interest rate...
GCash adds banking giant Maybank as GSave partner
GCash teamed up with Maybank, one of the largest banks in Southeast Asia, to launch EzySave+, a digital savings account...
Credit card group supports higher ceiling on charges
The Credit Card Association of the Philippines, the umbrella organization of 17 major credit card companies in the country, welcomed...
BSP raises ceiling on credit card finance charges to 3%
The Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas, raised the ceiling on monthly finance charges imposed...
BSP sees local banks posting double-digit growth in loans, deposits
The domestic banking industry is expected to remain stable in the next two years as the economy’s sustained resilience amid...
Bayad, Eplayment sign partnership deal
Bayad, the largest multi-channel payment platform in the Philippines, teamed up with Eplayment, a creator and esports platform aggregator which...
BPI sees revenues rising 7% after merger with Robinsons Bank
Bank of the Philippine Islands, the third-largest lender in terms of assets, expects its merger with Robinsons Bank Corp. of...
Remittances grew 3.3% to $29.38b in 11 months
Cash remittances grew 5.7 percent in November to $2.64 billion from $2.50 billion a year ago, on sustained deployment of...
RCBC plans to appeal New York court’s decision to hear $81-m laundering case
Rizal Commercial Banking Corp. said Monday it may appeal the decision of the Supreme Court of the State of New...
Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.