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The Bangko Sentral ng Pilipinas (BSP) on Thursday reminded lending institutions that they are prohibited from charging interest on interest, fees and charges—such as late payment fees—on all loan payments falling due within the ongoing quarantine period.…
CEBU CITY, Philippines—Some financing companies (FCs) and lending companies (LCs) are now facing investigation from the Securities and Exchange Commission (SEC) for allegedly refusing to comply with the mandatory grace period on loan payments that fall…
As more people switch to online banking channels during the COVID-19 pandemic-induced lockdown of key cities, cyberspace has become a fertile ground for scammers who are becoming more and more sophisticated in stealing credentials and hard-earned money.…
CEBU CITY, Philippines — Utility companies, banks, and the city government will be giving deadline extensions to the public for the payment of bills, loans, and taxes. Mayor Edgardo Labella revealed that the Metropolitan Cebu Water District…
CEBU CITY, Philippines — The Cebu City government will be raising the business taxes of banks and other financial institutions in the city following the passing of an amendatory ordinance by the City Council increasing the tax…
CEBU CITY, Philippines – Bank robbers are not safe in Consolacion town. This was the assurance given by the police during a security dialogue with bank officials on Wednesday morning, February 13. “Consolacion is not safe for…
CASH-RICH financial institutions bid aggressively on Wednesday for the right to lodge their funds in short-term securities of the Bangko Sentral ng Pilipinas (BSP), marking the third week that the regulator’s term deposit facility auction was oversubscribed.…
Exec: PH banks well protected, but small businesses vulnerable to online threats Cybersecurity threats remain real for businesses but bankers in Cebu assured that measures are in place to prevent any incidents of money laundering. Cebu Bankers…
WITH a low insurance penetration rate in the country, an insurance firm is aiming to bank on Cebu’s continued economic growth to expand their coverage. Global insurance company Allianz PNB Life is set to expand its agency…
RURAL banks can now improve their financial capacity and generate better value for shareholders, strengthen management and governance, develop synergies and economies of scale and expand their market reach. This developed after the Consolidation Program for Rural…
RURAL banks can now improve their financial capacity and generate better value for shareholders, strengthen management and governance, develop synergies and economies of scale and expand their market reach. This developed after the Consolidation Program for Rural…
Tagbilaran City, Bohol — Less than 24 hours after arriving in Bohol, former Japanese featherweight champion Shota Hayashi (36-6-1, 18KOs) immediately attended a press gathering on Tuesday morning with the local media at Abi’s Seafoods and Grill.…
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