BSP eases rules to encourage bank lending to small firms
The central bank on Tuesday (May 5) rolled out new measures to encourage a steady flow of credit to small firms—many of which have been hit severely by the ongoing…
Asian markets gain after Japan central bank boosts aid
BEIJING — Asian stock markets gained Monday after Japan’s central bank promised more asset purchases to shore up financial markets as investors look to central bankers to support the struggling…
ING’s mobile bank keeps high interest rate
Hans B. Sicat (From his Twitter account) Dutch financial giant ING is keeping the above-industry deposit rate of 4 percent per annum offered through its mobile consumer banking platform until…
Monetary easing policies see results as bank loans continue growth in February
Banks lent more money last February, a result of monetary authorities’ series of policy moves to lower the cost of borrowing and help the economy grow faster, according to Bangko…
Pandemic a ‘perfect storm’ for South Asia, World Bank says
People walk next to a graffiti drawn to bring awareness on social distancing at a temporary market set up at a bus stand during a government-imposed nationwide lockdown as a…
World Bank to roll out $160-billion emergency aid over 15 months
World Bank President David Malpass. AFP file photo UNITED States — The World Bank on Thursday approved the first steps in a plan to roll out $160 billion in emergency…
BSP eases ID rules for bank transactions during COVID-19 quarantine
The central bank has relaxed some of stringent customer identification requirements to facilitate urgent financial transactions during the ongoing lockdown period set in place to fight the coronavirus pandemic. In…
Security Bank, SG group offer free education during lockdown
Sanjiv Vohra To help families ensure that their children will continue to learn while the world is waging a war against the coronavirus pandemic, Security Bank has teamed up with…
Amid COVID-19 pandemic, World Bank sees PH economy growing 3% at best, contracting 0.5% at worst in 2020
MANILA, Philippines — The COVID-19 pandemic will take its toll on economies across East Asia and the Pacific, and the Philippines was no exception given its reliance on tourism and…