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The Bank of the Philippine Islands apologized on Tuesday after getting negative reactions from clients regarding its recent warnings on losing access to their ATMs (automated teller machines) if they won’t update information requirements. “Last Friday and…
Security Bank Corporation registered high net income of P7.7 billion last year. This was seven percent higher than the bank’s figures in 2014 translating to 15.2 percent return on shareholders’ equity for the year, higher than the…
MOODY’S Investors Service identified the Philippine banking system as one of the most resilient in the world in the event of a crisis. Stress tests conducted by Moody’s show that the impact on bank capitalization of a…
American Express to expand product portfolio in Philippines Financial services providers BDO Unibank, Inc. and American Express Company yesterday introduced in Cebu a new credit card aimed at high earning, but price-conscious young professionals. The American Express…
In a previous column, I wrote about Malaysia’s great strides in the cooperative movement through a mandatory co-op education in secondary schools which began 44 years ago. School cooperatives in Malaysia were set up in 1968 through…
A commercial bank will open 36 new branches in the country including two in Cebu this year to penetrate the growing small and medium enterprise sector. The move is part of the Philippine Bank of Communications (PBCOM)…
American financial services giant JP Morgan sees the Philippine economy expanding at a faster clip than it previously expected this year, supporting local stock market resilience despite currency weakness, an inflation spike and heady valuation. Based on…
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