Security Bank sets P5B bond offer
Lender Security Bank launched on Tuesday a new P5 billion local bond offering, locking in longer term funding now that local interest rates have significantly gone down. The bonds will…
Elevated extreme poverty to persist through 2021: World Bank
WASHINGTON — Global economic growth could rebound next year — but the number of people living in extreme poverty is expected to remain unchanged after a huge surge this year…
World Bank names S. Korea ‘COVID-19 safe spot’
BEIJING — The World Bank has added South Korea to the list of countries that are providing efficient emergency medical services to its employees, Seoul’s Finance Ministry said Tuesday. The…
World Bank: PH GDP to shrink 1.9% in 2020
MANILA, Philippines — Amid the COVID-19 pandemic, the World Bank sees the Philippine economy shrinking by 1.9% this year, a slower pace of contraction than government estimates of negative 2%…
Bank of Thailand worried as baht continues upward streak, vows ‘extra measures’
Mathee Supapongse BANGKOK — The Bank of Thailand (BOT) is concerned about a swift baht appreciation in the past two weeks and promised to impose extra measures to address short-term…
Branchless, digital bank for OFWs ready by June
With a major shift to digital transactions inevitable amid COVID-19-induced physical distancing restrictions, the government will soon launch a branchless bank catering to Filipinos abroad as well as a pilot…
Airlines seek gov’t help in getting bank loans
The country’s biggest airlines are urging lawmakers to include loan guarantees for their industry in a proposed stimulus bill to support sectors devastated by the coronavirus pandemic. Roberto Lim, vice…
Bank lending accelerates as BSP’s economic boosters gain traction
Philippine banks lent out money at a quicker pace in March in step with the central bank’s moves to pump the local financial system with cheap funds and buttress the…
Land Bank distributes P24.7M to OFWs displaced by pandemic
The Land Bank of the Philippines (LBP) has already released P24.7 million in cash aid to overseas Filipino workers (OFWs) displaced by the COVID-19 pandemic . In a statement on…
Bank of England: UK economy could shrink by nearly a third
LONDON — The Bank of England has warned that the British economy could be nearly a third smaller by the end of the first half of this year than it…