PH banks fail to meet MSME loan mandate anew

Ian Nicolas P. Cigaral - @inquirerdotnet 09/30/2024

Rural and cooperative banks continue to lead in providing loans to micro, small, and medium enterprises (MSMEs), as the Philippine banking industry once again fell short of its lending quota for this key sector. According to the…

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…

PH faces banking, airline disruptions from global Microsoft outage

Ian Nicolas P. Cigaral 07/20/2024

The Philippines experienced disruptions from a global Microsoft outage on Friday, affecting banking and airline services. The state-run Land Bank of the Philippines reported that its digital channels are now restored after the outage, which also caused…

CCTV Ordinance passed: Security cameras soon to be a requirement for businesses in Lacion

Mary Rose Sagarino 09/18/2022

MANDAUE CITY, Philippines — Business establishments within the municipality of Consolacion will soon be required to install closed circuit television (CCTV) cameras. This is after the Consolacion municipal council passed the Comprehensive CCTV ordinance of 2022 of…

GSIS intensifies move to shift to digital services

Futch Anthony Inso 09/16/2022

LAPU-LAPU CITY, Philippines — The Government Service Insurance System (GSIS) has intensified its campaign to digitalize its services. Jose Arnulfo Veloso, president and general manager of GSIS, said that they were intensifying the campaign to give the…

Filipinos in Russia face struggle in sending remittances as banks bear sanctions

Neil Arwin Mercado 03/02/2022

MANILA, Philippines — Filipinos in Russia may experience some difficulty in sending remittance to their families in the Philippines as major banks there face sanctions following Russian Pres. Vladimir Putin’s order to invade Ukraine, the Philippine Embassy…

Banks: Whose partners?

Michael L. Tan - @inquirerdotnet 02/23/2022

I received a hilarious TikTok from someone playing out a scene between a Chinese man and his niece, who was probably around five years old. “Uncle, happy new year,” the toddler chirps, with her hands outstretched holding…

Banks tell clients to expect sporadic shutdown of branches

Doris Dumlao-Abadilla, Ronnel Domingo 01/09/2022

The banking community has asked the public to brace for the sporadic shutdown of some branches and shortened operating hours as a new COVID-19 surge sweeps the country. “In light of the current situation, our member banks…

Capitol vows to help banks source fuel to address queues

Morexette Marie B. Erram 12/22/2021

CEBU CITY, Philippines – The Cebu Provincial Government has offered to help banks here in addressing the long queues of people trying to withdraw cash from their accounts. The Capitol on Tuesday, December 21, 2021, has extended…

Capitol to meet with banks to address long queues in ATMs

Morexette Marie B. Erram 12/21/2021

CEBU CITY, Philippines – Cebu Governor Gwendolyn Garcia is expected to meet with executives from the country’s top banking firms to address long queues in automated teller machines (ATMs). “I will be calling a meeting with the…

3 days after #OdettePH: Long queues still seen near banks, gas stations, grocery stores

Doris C. Bongcac 12/19/2021

CEBU CITY, Philippines — Cebuanos continue to crowd grocery stores, gasoline stations and automated teller machines (ATMs) on Sunday, December 19. As early as 6 a.m., people were already crowding an ATM located along A.C. Cortes Avenue…

CCPO official: More cops to be deployed near banks, ATMs this Holiday season

Pegeen Maisie M. Sararaña 12/14/2021

CEBU CITY, Philippines — There will be more police presence in financial institutions such as banks to deter criminals from taking advantage of the public, withdrawing cash in these institutions to spend for the holidays. Police Lieutenant…

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