You’ve just secured a loan for your business from a bank and then that bank suddenly closes down. So, what happens to your loan — is it automatically forfeited? If not, how do you settle your obligations? Where should you go next? IMAGE CREDIT: https://www.bankrate.com/ What happens to your loan? According to Bankrate, when a […]
Due to its location in the Pacific region, the Philippines has often experienced the adverse consequences of El Niño — a natural climate pattern characterized by warmer-than-average sea surface temperatures in the Pacific Ocean. This phenomenon disrupts global weather patterns, leading to extreme weather events, temperature variations, and other environmental changes. With its predicted return […]
Financial management helps organizations plan, organize, and govern financial activities to keep businesses moving and maintain healthy profits. In banking, one of its most important functions is decision-making, which takes into account the short-term and long-term goals of the business. One such organization that has just recently been given the official job of making sure […]
Agriculture plays a key role in the Philippine economy. It contributes an average of 20 percent to the country’s Gross Domestic Product (GDP) and now also involves about 40 per cent of Filipino workers. The sector also impacts society in many ways, including, supporting livelihoods through food, habitat, and jobs, as well as in providing raw materials […]
The Bangko Sentral ng Pilipinas (BSP) and the Deutsche Bundesbank have formalized their partnership on capacity building for central bank personnel with the signing of a Memorandum of Understanding (MOU) at the BSP head office in Manila recently. Deutsche Bundesbank is the independent central bank of the Federal Republic of Germany. It has since formed […]
If you think you are saving money using counterfeit software, think again! According to BSA | The Software Alliance, the leading advocate for the global software industry before governments and in the international marketplace, unlicensed software is highly susceptible to malicious cyber threats. They typically lack access to updates and customer support, leaving you and your […]
Officers and members of the Board of Trustees of the Public Relations Society of the Philippines (PRSP), 2024-2025, were formally sworn into office recently in an official oath-taking ceremony held at the Malacanang Palace. Photo shows Hon. Cheloy Velicaria-Garafil (left), Secretary of the Presidential Communications Office, while leading the oath-taking ceremony for the new Board […]
If you are among the so-called “unbanked” sectors of society who wish to perform banking transactions but do not have enough funds yet to make the minimum initial deposit or have the financial stability to maintain the required average daily balance, then this post is for you. Philippine-based Asia United Bank (AUB) has announced in […]
The Public Relations Society of the Philippines (PRSP), the country’s premier organization for public relations professionals, has just announced the winners of this year’s Anvil Awards in a grand “Gabi ng Parangal” ceremony held in Pasay City recently. The Anvil Awards is an annual public relations awards program in the Philippines given to select public relations nominees […]
During the International Workshop on “Nature, Macroeconomy, and Finance” held at the Bangko Sentral ng Pilipinas (BSP) head office in Manila, central bank governor Eli M. Remolona, Jr. recently underscored the urgency of understanding the impact of nature on emerging economies, especially in understanding its risks, opportunities, and policy challenges. BSP Governor Eli M. Remolona, […]
