Bank warns public vs fund transfer scams

Doris Dumlao-Abadilla 09/29/2021

As cybercriminals become more adept at phishing, or stealing credentials to access bank accounts, bank clients are urged to guard against new fund transfer scams. In support of Bank Marketing Association of the Philippines’ (BMAP) #FightFraudTogether information…

Ahong extends face shield policy to another week

Futch Anthony Inso 03/18/2021

CEBU CITY, Philippines – The Lapu-Lapu City Government has extended to another week the implementation of the mandatory wearing of a face shield for Oponganons who will go out of their residences. The said policy was supposed…

Cebu business sector willing to police self to help reduce COVID cases

Delta Dyrecka Letigio 02/25/2021

CEBU CITY, Philippines — The Cebu business sector is willing to police themselves in order to help reduce the Coronavirus Disease 2019 (COVID-19) cases in the city. This they promised during the Cebu Citizens’ Initiative forum on…

BSP: No interest on loans during ECQ, MECQ period

Daxim L. Lucas 05/22/2020

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.…

SEC probes financing, lending companies for alleged non-compliance of 30-day grace period for loans

Irene R. Sino Cruz 04/20/2020

  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…

Banks warn public vs online scammers

Doris Dumlao-Abadilla 04/17/2020

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.…

Utilities, banks, city government to give reprieve on payments

Delta Dyrecka Letigios 03/18/2020

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 to raise business taxes of banks, financial institutions

Delta Dyrecka Letigio 03/05/2020

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…

Consolacion cops warn bank robbers: Not in our town

Doris C. Bongcac 02/13/2019

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…

Banks flock to short-term BSP deposits amid stubbornly high inflation

Inquirer.net 07/18/2018

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.…

Of cybersecurity attacks, banks and small businesses

Jose Santino S. Bunachita 04/02/2018

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…

Insurance firm banks on Cebu’s fast-growing economy

Jose Santino S. Bunachita 01/22/2018

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…

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