Finance

Six tips to help you stay out of debt

Published by rudy Date posted on June 23, 2014

The financial crisis that has affected the US and many other countries can be traced to bad corporate practices of lending to people who were likely to default on their payments. And default they did! So now the global economy is reeling.

Read more

14 lessons we can learn from the ultra rich pinoys

Published by rudy Date posted on June 18, 2014

If you are looking to improve your financial situation through entrepreneurship and smart investing, the best way to learn is by looking at the successful individuals who had done it before. And when we say success, we mean success measured by the billions.

Read more

France removes Phl from list of uncooperative tax havens

Published by rudy Date posted on September 1, 2013

MANILA, Philippines – France has removed the Philippines from its list of countries deemed to be uncooperative in investigating foreign aid fraud.

Read more

How do Filipinos rank in financial literacy?

Published by rudy Date posted on July 16, 2013

MANILA, Philippines – The Philippines recorded 68 index points and ranked 8th among 16 Asia-Pacific countries covered by the latest MasterCard Index of Financial Literacy.

Read more

Filipinos as money ‘experts’: Clueless on bonds, stocks, loans

Published by rudy Date posted on June 28, 2013

MANILA, Philippines—One out of every five Filipinos from the middle to upper income groups claims to be an “expert” in money matters. But a global insurance giant recently found that members of these classes perform poorly in a basic financial literacy quiz.

Read more

P1T set to be withdrawn from SDA

Published by rudy Date posted on June 23, 2013

Some P1 trillion worth of funds which are kept by the nation’s lenders with the Bangko Sentral ng Pilipinas (BSP) are set to be flushed out in accordance with the latest central bank mandate to rid the special deposit account (SDA) facility of retail placements.

Read more

BSP urges reforms in charter to counter volatility

Published by rudy Date posted on June 23, 2013

The central bank has once again called for reforms in its charter, saying monetary authorities need additional powers to counter the current and potential future volatility in the country’s financial markets.

Read more

All policy tools expected to be reviewed

Published by rudy Date posted on March 13, 2013

VARIOUS TOOLS, such as tweaks to reserve requirements and special deposit accounts (SDA), will be reviewed by the Monetary Board when it meets today, a member of the policy-making body said yesterday.

Read more

IMF backs new framework

Published by rudy Date posted on March 5, 2013

A “CORRIDOR” framework of monetary policy will enable the Bangko Sentral ng Pilipinas (BSP) to better manage liquidity and interest rate volatility, the International Monetary Fund’s (IMF) representative in the country said last week.

Read more

PH in best financial shape

Published by rudy Date posted on November 20, 2012

The rising preference for Philippine sovereign liabilities reflects improved perceptions of risk, absence of liquidity pressures and low inflation, according to the latest comment of credit rating agency Moody’s Investors Service.

Read more

Filipinos’ financial literacy up in Citi survey

Published by rudy Date posted on August 28, 2012

THE FINANCIAL literacy of Filipinos has improved significantly, Citi said, with the country notching a record high in the bank’s Financial Quotient Survey last year. The Philippines scored 52.6 points out of a possible 100 in the poll, conducted late 2011 and released yesterday. This is the country’s first time to breach the halfway mark…

Read more

A few savings banks have risky loans—BSP data

Published by rudy Date posted on January 19, 2012

Large Philippine banks remain relatively stable in their lending operations, with an average non-performing loan ratio of below 3 percent in line with international standards, but some smaller banks engaged in consumer lending have bad loans as high as 60 percent of loan portfolio.

Read more

RP financial dev’t rank remains dismal 44th — WEF

Published by rudy Date posted on December 15, 2011

The country’s financial development ranking climbed six notches this year compared to last year but remained in the bottom rung of the region, according to Geneva-based World Economic Forum (WEF).

Read more

Bad loan ratio picks up amid slower growth in overall lending

Published by rudy Date posted on November 14, 2011

THE quality of loans of the country’s largest banks edged up at end-September as their total loan portfolio declined past their non-performing loans, the Bangko Sentral ng Pilipinas said.

Read more

Banks’ NPL ratio rises

Published by rudy Date posted on October 17, 2011

THE loan quality of the country’s largest banks deteriorated at end-August from the end-July level as their soured credit exposures grew faster than their overall lending.

Read more

Foreign debt rises 7.3% to $61.4 B

Published by rudy Date posted on October 1, 2011

MANILA, Philippines – The country’s foreign debt climbed 7.3 percent to $61.4 billion in the first half of the year from $57.3 billion a year ago on the back of an upward foreign exchange revaluation due to the general weakness of the dollar against major currencies, Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco…

Read more

Banks’ NPL ratio drops to lowest in 14 years

Published by rudy Date posted on September 3, 2011

MANILA, Philippines – The non-performing loans (NPLs) ratio of universal and commercial banks continued to improve in June as the industry’s total loan portfolio outpaced the build-up in bad loans in light of the country’s improving economy, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.

Read more

PDIC takes over 22 banks in first 8 months

Published by rudy Date posted on August 28, 2011

MANILA, Philippines – The number of banks taken over by state-run Philippine Deposit Insurance Corp. (PDIC) went up 29 percent in the first eight months of the year as more problematic banks were ordered closed by the Bangko Sentral ng Pilipinas (BSP).

Read more

Central bank clamps down on deceptive interest rates

Published by rudy Date posted on July 25, 2011

THE Bangko Sentral ng Pilipinas has tightened the rules of the Truth in Lending Act to increase bank transparency and disclosure practices and protect consumers. The policy-making Monetary Board, through MB Resolution 1018 dated July 7, 2011, approved the updated rules implementing the law.

Read more

Banks’ NPL ratio lowest since 1997 financial crisis

Published by rudy Date posted on July 25, 2011

MANILA, Philippines – The bad loans ratio of universal and commercial banks fell to its lowest level since the Asian financial crisis battered major economies in the region, including the Philippines, in 1997 as the industry’s total loan portfolio grew while non-performing loans declined on the back of the country’s resilient economy, the Bangko Sentral…

Read more

Banks’ NPL ratio drops below 3%

Published by rudy Date posted on April 11, 2011

MANILA, Philippines – The soured loans ratio of universal and commercial banks continued to improve and is now below three percent as loans grew while non-performing loans declined on the back of the country’s resilient economy.

Read more

Government sells P10.3B worth of T-bills

Published by rudy Date posted on March 8, 2011

MANILA, Philippines – The government sold P10.3 billion worth of 91, 182 and 364-day Treasury bills (T-bills) in an auction yesterday as investors scrambled for government debt papers.

Read more

Banks’ bad loans down to a 13-month low—BSP

Published by rudy Date posted on February 28, 2011

The non-performing loan ratio of universal and commercial banks to total credits fell to 2.96 percent in December, the first time it dropped below 3 percent in 13 years, Bangko Sentral said Friday.

Read more

Phl external debt up 9.3% to $59.8 B

Published by rudy Date posted on January 10, 2011

MANILA, Philippines – The foreign currency denominated debt of the Philippines went up by 9.3 percent in the first nine months of last year but the country’s debt service capacity remained comfortable, the Bangko Sentral ng Pilipinas (BSP) said over the weekend.

Read more

Phl banks resilient – IMF

Published by rudy Date posted on December 13, 2010

MANILA, Philippines – Multilateral lender International Monetary Fund (IMF) reiterated that the local banking system remained resilient after the Bangko Sentral ng Pilipinas (BSP) managed to put in place reforms aimed at containing the effects of the global financial crisis.

Read more

BSP seen keeping policy rates until mid-2011

Published by rudy Date posted on December 9, 2010

MANILA, Philippines – Washington-based The Institute of International Finance Inc. (IIF), the world’s only global association of financial institutions, believes that the Bangko Sentral ng Pilipinas (BSP) will keep its key policy rates at record lows until the middle of next year on the back of a benign inflation environment.

Read more

Government seeks to reduce its debt-to-GDP ratio

Published by rudy Date posted on December 7, 2010

MANILA, Philippines – The Aquino administration aims to lower the government’s debt-to-gross domestic product (GDP) ratio to 53 percent by 2013 from the projected 58 percent ratio this year.

Read more

Phl financial system sound, stable amid strong capital flows

Published by rudy Date posted on December 6, 2010

MANILA, Philippines – The country’s financial system remained sound and stable amid the strong capital inflows being experienced by emerging markets including the Philippines, monetary authorities said over the weekend.

Read more

91-day Treasury bill drops to record low

Published by rudy Date posted on December 1, 2010

MANILA, Philippines – The yields of the short-dated Treasury bills (T-bills) fell across the board to new record lows yesterday as investors swarmed the last auction of government debt papers by the Bureau of Treasury (BTr) for this year.

Read more

Firms’ credit access improving, says BSP

Published by rudy Date posted on November 26, 2010

Bank loans easier to tap in Q3 MANILA, Philippines—Local businesses found it easier to tap bank loans in what regulators said was an encouraging development that could help sustain a “respectable” growth rate for the economy.

Read more

Nov 25 – Dec 12: 18-Day Campaign
to End Violence Against Women

“End violence against women:
in the world of work and everywhere!”

 

Invoke Article 33 of the ILO constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of Forced Labour and Freedom of Association protocols.

 

Accept National Unity Government
(NUG) of Myanmar.
Reject Military!

#WearMask #WashHands
#Distancing
#TakePicturesVideos

Time to support & empower survivors.
Time to spark a global conversation.
Time for #GenerationEquality to #orangetheworld!
Trade Union Solidarity Campaigns
Get Email from NTUC
Article Categories