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Banking & Finance

Sun Life sees 7 percent inflation in PHL after Typhoon Ompong

SEVEN percent inflation in the Philippines could be around the corner. More than half-a-million metric tons of paddy rice were wiped out by Typhoon Ompong...

PBCOM offers LTNCD

THE Philippine Bank of Communications (PBCOM) has announced the start of its offering period to issue Long Term Negotiable Certificate of Time Deposits (LTNCD)...

$300 million of Security Bank’s $1-billion MTN program drawn down

SECURITY Bank Corp. (SBC) has issued $300 million of 4.500 percent in Senior Unsecured Fixed Rate Notes (Notes) due September 2023 as a drawdown...

Moody’s paints rosy long-term outlook for Philippine banks

THE Philippine banking system is gearing up for robust growth in the next decade, international credit watcher Moody’s Investors Service said on Tuesday, owing largely...

Filipinas in Global Network

“I had to make my own living and my own opportunity! But I made it! Don’t sit down and wait for the opportunities to...

BIR clarifies revenue rules for imposing deficiency interest, delinquency interest

THE Bureau of Internal Revenue (BIR) has issued a revenue regulation (RR) clarifying when the imposition of a deficiency interest shall be made as...

NG’s July borrowings rise 212% to P44.4 billion

THE national government’s borrowings for the month of July amounted to P44.396 billion, higher by 212.45 percent compared to the P14.209 billion recorded in...

Customs seen to draw P13M from Sept. 17 and 21 auctions

THE Bureau of Customs (BOC) is expected to earn more than P13 million in additional revenue with the sale of 12 lots of different...

BSP taps Visa, cultural groups to boost PHL financial literacy

The Bangko Sentral ng Pilipinas (BSP) has entered into a partnership with Visa Inc., Teach for the Philippines (TFP) and the Tanghalang Pilipino (Filipino...

Are you a joiner?

My good friend and fellow association executive, John Peacock, was in Manila recently to speak to members of my organization, the Philippines Council of...

Banks given Nov. 30 deadline to include ACHs in e-channels

BANKS that offer InstaPay and PESONet are given until November 30 to make available on their electronic banking (e-banking) channels these payment platforms. Memorandum M-2018-026,...

Gordon pushing policy changes at Customs bureau vs smuggling

CITING “unabated smuggling” of illegal drugs and other commodities slipping past the Bureau of Customs, Sen. Richard J. Gordon is pushing for major changes...

DOF to provide online training to treasurers via tax academy

THE Department of Finance (DOF) is eyeing to provide training and continuing education programs for local government treasurers through online courses offered by the...

Treasury rejects bids as investors try to jump BSP’s gun vs...

THE Bureau of the Treasury (BTr) rejected on Tuesday all bids in its latest auction for Treasury bonds (T-bonds) as investors attempted to guess how...

Understanding the causes of inflation

IT seems that the favorite topic nowadays is the August inflation rate of 6.4 percent which is at a nine-year high, and to the...

Tariff body holding hearings on MFN rates for deboned chicken and...

THE Tariff Commission will hold a public hearing on the proposed retention of the current Most Favored Nation (MFN) tariff rates on mechanically deboned...

Franklin, Neuberger see more pain for weak peso

THE Philippine peso could be in for greater pain despite the Southeast Asian country’s strong economic growth, with major money managers bearish on the...

Nomura: Seven EM countries at risk of exchange-rate crisis

SEVEN emerging economies at risk of an exchange-rate crisis are Sri Lanka, South Africa, Argentina, Pakistan, Egypt, Turkey and Ukraine, according to a new...

Investor appetite for T-bills mixed

THE Bureau of the Treasury (BTr) received mixed results in its latest Treasury-bill (T-bill) auction on Monday awarding P13.5 billion, from the P15 billion on offer...

Financial planning lessons from Green Lantern

“In brightest day, in blackest night, No evil shall escape my sight. Let those who worship evil’s might. Beware my power—Green Lantern’s light!” THIS is...