State-owned Development Bank of the Philippines (DBP) has extended a P2-billion loan to the Provincial Government of Palawan to support vital public infrastructure projects in the area including the upgrade of the province’s road network and to beef up its disaster risk reduction initiatives, a top official of the bank said. Shown during the loan […]
In a groundbreaking achievement for the banking sector, UnionBank has again made history by clinching the prestigious “Marketing Company of the Year” award at the 42nd Agora Awards held at Shangri-La the Fort in Bonifacio Global City. IMAGE CREDIT: https://www.facebook.com/AGORA.AWARDS/ This remarkable feat not only distinguishes UnionBank as the first bank in decades to receive […]
Over 8 million Alipay+ partner merchants around the world are ready to welcome the first full Chinese New Year cross-border travel boom since the pandemic In anticipation of outbound travel due to the Chinese New Year celebration, travelling is now made a lot easier and more convenient as Alipay+ expands its merchant ecosystem. Alipay+, the […]
Modernizes its Customer Contact Center (CCC) solution with Genesys Cloud As part of its ongoing digital transformation to deliver exceptional customer service and experience, Chinabank modernized its Customer Contact Center (CCC) solution with Genesys Cloud, a suite of cloud services for enterprise-grade communications, collaboration, and contact center management. Genesys Cloud is built on top of […]
Breaking away from the online norm, the Bangko Sentral ng Pilipinas (BSP) and the Department of Trade and Industry (DTI) recently held an “in-person” Cashless Expo at the World Trade Center in Pasay City. This format was made to enable attendees to network and engage face-to-face, fostering meaningful connections within the industry. Another goal of […]
While remittances from Overseas Filipino Workers (OFWs) have become a vital lifeline for the Philippine economy, a new study by the Philippine Institute for Development Studies (PIDS) urges policymakers to look beyond remittances and address the complex social and emotional implications of labor migration. IMAGE CREDIT: https://www.historyextra.com/ Titled “Long-Term Effects of Labor Migration in the […]
Philippine National Bank (PSE: PNB) registered a consolidated net income of P13.5 billion for the first nine months of 2023, 19 per cent higher compared to its earnings for the same period last year. The stronger performance year-on-year was attributed to the growth in the bank’s core lending and fee-based operations. Facade shot of a […]
IMAGE CREDIT: https://www.getzype.com/ Results of the Q4 2023 Senior Bank Loan Officers’ Survey (SLOS) indicated that most of the respondent banks in the Philippines were able to keep their credit standards for lending to businesses and consumers “generally unchanged” based on the modal approach. 1 Meanwhile, the diffusion index (DI) method 2 showed varied results reflecting a […]
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. recently participated in key sessions at the World Economic Forum (WEF) held earlier this year from January 15 to 19 in Davos, Switzerland. The WEF provides a global, impartial and not-for-profit platform for meaningful connection between stakeholders to establish trust and build initiatives for cooperation […]
by Jan Michael Carpo, Reporter AI-powered cyber attacks continue to pose a significant threat to organizations of all sizes, and thoughts like “my business is too small to be a target” no longer hold true today. This was one of the key ideas highlighted during a recent media briefing in Makati conducted by Trend Micro Incorporated […]
