GCash faces another bank transfer glitch

Meg Adonis 11/23/2024

Just days after users reported unauthorized deductions from their accounts, popular e-wallet platform GCash faced another issue. On Friday afternoon, the Ayala-backed company announced that its bank transfer feature via BancNet was experiencing problems, though the cause…

The rise of PH digital banking: Targeting the ‘unbanked’ sector

Carl Lorenciana 08/03/2024

CEBU CITY, Philippines — As the Bangko Sentral ng Pilipinas (BSP) starts accepting applications for digital banking licenses again, the Philippine financial sector is set for a big change. This move highlights the important role digital banks…

BSP: More digital banks joining the industry soon

Ian Nicolas P. Cigaral 07/27/2024

The Bangko Sentral ng Pilipinas (BSP) will resume accepting applications for digital banking licenses after three years, allowing more players into the growing industry. The number of available slots is still unknown, but BSP Governor Eli Remolona…

DBP increases loan portfolio; sustains deposit growth in 1Q 2021

08/06/2021

CEBU CITY, Philippines — State-owned Development Bank of the Philippines (DBP) continues to broaden its support for the developmental projects of key economic sectors with P414.72-billion in total loans to borrowers as of the end of March…

Cebu Chamber calls for measures for gov’t, other sectors to meet 

Irene R. Sino Cruz 02/29/2020

CEBU CITY, Philippines — The Cebu Chamber of Commerce and Industry (CCCI) calls on business sector and government to implement ways to address adverse effects of COVID-19 (Coronavirus Disease 2019). In a position paper, CCCI cited the…

BDO systems upgrade set to improve electronic banking and ATM experience

PR 03/16/2019

BDO Unibank is scheduled to implement this month key systems enhancements that would deliver better electronic banking and ATM experience to its corporate and retail clients moving forward. With the implementation of the said upgrade, the following…

China to merge banking, insurance regulators in massive overhaul

AFP 03/13/2018

CHINA unveiled plans on Tuesday for the biggest shakeup of government in at least a decade, including the merger of its banking and insurance regulators to better handle financial risks as leaders look to address concerns over…

PH, Thailand sign deal on banking supervision

Inquirer.net 12/19/2017

The Philippine and Thai central banks have signed a memorandum of understanding (MOU) to foster greater cooperation on banking supervision between the two countries. The MOU signed last Sunday by Bangko Sentral ng Pilipinas Governor Nestor A.…

Banking exec: New gov to take BSP to new heights

Victor Anthony V. Silva 07/04/2017

“WE can expect the new governor to take the BSP (Bangko Sentral ng Pilipinas) to new heights especially in this day and age of digitalization.” Eugene Rigodon, Cebu Bankers Club (CBC) outgoing president, said this as Nestor…

MINGLANILLA UP 1-0

Calvin D. Cordova 07/03/2017

Banking on a suffocating zone defense, the Minglanilla Archangels slowed down the Consolacion Sarok Weavers in the third quarter to post a 77-70 win in Game 1 of the 2017 Cebu Governor’s Cup Inter-cities/Municipalities Basketball Tournament Best-of-Three…

MAO BA?

Editorial 06/07/2017

ANXIOUS DEPOSITORS Loyal depositors of the Ayala-led Bank of the Philippine Islands were understandably alarmed and furious over a report on the bank’s statement that they were having an “internal data processing error” that caused discrepancies in…

Security Bank ties up with BTMU; eyes Japan firms in PH

Victor Anthony V. Silva 10/17/2016

SECURITY Bank is expected to gain a major foothold on Japanese corporations in the country following its partnership with Bank of Tokyo-Mitsubishi Ltd. (BTMU) earlier this year. Alfonso Salcedo Jr., Security Bank president, said there are many…

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