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Bianca Cuaresma

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Bianca Cuaresma graduated cum laude from the University of Santo Tomas (UST) with a degree in AB Journalism. She joined the BusinessMirror after she graduated in 2013. In October 22018, she was named Banking Reporter of the Year by the Economic Journalists Association of the Philippines (EJAP).
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Economist says GDP likely hit 6.6% in Q4

THE local economy likely regained speed in the last quarter of 2019, a local economist said, as both government spending and household consumption likely peaked toward the end of the year. In a recent commentary on the local economy, Security Bank economist...

OFW remittances rise to $2.37 million in November

The Bangko Sentral ng Pilipinas (BSP) reported on Wednesday that overseas Filipino workers (OFWs) sent home some $2.37 million in remittances in November 2019, 2 percent higher than the total amount they sent a year ago. The BSP...

Century-old BPI staying put in PHL

LOCAL banking giant Bank of the Philippine Islands (BPI) is not keen on setting up shop outside the archipelago just yet, as the lender said it would rather focus on improving the efficiency of domestic operations. In a...

ATMs near Taal danger zones ‘adequately stocked’

CASH stocked in automated teller machines (ATMs) in provinces near the danger zone are adequate to the local financial consumers’ cash needs in the wake of the Taal Volcano’s unrest. Bankers Association of the Philippines (BAP) Managing Director Benjamin...

2020 budget passage to boost growth –Moody’s

The timely passage of the country’s 2020 spending plan has been deemed as “credit positive” by Moody’s Investors Service, citing the development’s effect on overall growth for the year. In a statement on Thursday, the credit watcher said...

Demand for Pinoys seen to ease pain from cuts in Mideast remittances

THE escalating geopolitical tensions in the Middle East will have a direct effect on the Philippines, particularly in the banking sector and the larger economy, but the big demand for Filipino workers elsewhere could ease that impact, a senior bank official...

M3’s November rise mild despite RRR cut

THE growth of cash circulating in the local economy grew faster in November, but remained at a single-digit pace despite the release of cash due to the recent reserve requirement ratio (RRR) cuts. The Bangko Sentral ng Pilipinas...

BPI tie-up with Westpac above board–executive

The Bank of the Philippine Islands (BPI) has expressed confidence that it will not be sanctioned, as it did nothing wrong in their recent partnership with Westpac Banking Corp.’s remittance arm. Toward the end of 2019, LitePay—Westpac Banking Corp.’s...
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