Rizal Commercial Banking Corporation (RCBC), one of the most trusted retail banks in the Philippines, has announced a series of key leadership changes effective January 1, 2025, including the appointment of Reginaldo Anthony B. Cariaso as Deputy Chief Executive Officer. These changes come alongside the retirement of veteran banker Eugene Acevedo, who has served as […]
The City Government of Roxas has officially adopted the Paleng-QR Ph Plus system in a move aimed to modernize local markets and improve efficiency. Roxas City, Capiz Vice Mayor Teresa H. Almalbis (second from right) buys fruits, using QR codes during the Paleng-QR Ph Plus program launch at the city’s Paseo del Rio Teodoro Arcenas […]
The Department of Finance (DOF) has recently lauded the robust financial health of the Land Bank of the Philippines (LANDBANK) and the Development Bank of the Philippines (DBP), highlighting their critical role in driving national progress. According to the DOF, both state-owned banks have consistently demonstrated exceptional financial performance, exceeding regulatory requirements and positioning themselves […]
As we enter a new year, Filipinos have become increasingly reliant on e-wallets and banking apps to manage their finances. A recent study by Adjust, an analytics firm, revealed that Filipinos spend nearly 15 minutes per session on digital financial service apps, significantly higher than the global average. This trend highlights the growing trust in […]
The Development Bank of the Philippines (DBP), a key state-owned financial institution, has once again received international and national recognition for its commitment to sustainability and strong corporate governance. Photo shows DBP President and CEO Michael O. de Jesus (third from left) as he accepts the Green Initiatives Award in recognition of the state-owned bank’s […]
The Philippine government, through the Bangko Sentral ng Pilipinas (BSP), plans to further integrate Islamic finance into its financial landscape, aiming to incorporate sukuk (Islamic bonds) into its 2025 financing mix. This move follows the successful issuance of its inaugural sukuk in 2023, raising US$1 billion, and underscores the government’s commitment to developing the Islamic […]
The Philippine government has maintained its inflation target at 2.0-4.0% for the next four years, spanning 2025 to 2028. This decision, announced by the Development Budget Coordination Committee (DBCC) in consultation with the Bangko Sentral ng Pilipinas (BSP), aims to provide a stable and predictable environment for economic growth. The DBCC, in its meeting on […]
Chinabank (CBC) has recently unveiled its heartwarming “Focused on Christmas” video on YouTube and other social media platforms in celebration of the holiday season. The video, showcased at the bank’s 2024 Christmas Party, embodies the true spirit of the season – a time for reflection, togetherness, and gratitude. “Focused on Christmas reminds us of the […]
As Filipinos prepare to exchange crisp new bills as Christmas aguinaldo, the Bangko Sentral ng Pilipinas (BSP) is urging Filipinos to take care of the newly-issued polymer banknotes, highlighting their benefits while emphasizing their durability and security features. BSP highlights advantages of new bank notes The recent introduction this month of new polymer banknote denominations […]
The Philippines’ foreign debt climbed in the third quarter of 2024, reaching US$139.64 billion, a 7.3% increase from the previous quarter. While this rise may seem concerning, the Bangko Sentral ng Pilipinas (BSP) assures that the country’s foreign debt remains at a manageable level. The increase was primarily driven by both the government and private […]
