banking and finance - updates

Rappler's latest stories on banking and finance


Basagan ng Trip with Leloy Claudio: Why finance experts should challenge mutual funds in PH

Aug 30, 2019 - 6:26 PM

Have you invested in mutual funds in the Philippines? This episode explains how and why you are being shortchanged.

BDO, World Bank tie up for $150-million green bonds

Dec 10, 2017 - 10:00 PM

The World Bank is the sole investor in the issuance which is expected to curb 93,000 tons of carbon dioxide emissions per year by 2022 through the funding of climate-smart projects

PH slides 14 notches in World Bank's ease of doing business ranking

Nov 01, 2017 - 3:36 PM

The pace of reforms in the Philippines is slower compared to many other countries, including several regional neighbors

2017 global report: Doing business in Philippines becomes easier

Oct 26, 2016 - 7:00 AM

Using data from Quezon City to represent the Philippines the 2017 World Bank International Finance Corporation Doing Business Report shows the country climbs 4 notches to 99th place out of 190 economies

EASE OF DOING BUSINESS. The Philippines has gained 49 spots in the Doing Business report since 2011. Rappler file photo

HSBC 2015 results disappoint amid 'seismic' economic shifts

Feb 22, 2016 - 6:00 PM

UPDATED The bank also reveals it is under investigation over its hiring practices in Asia Pacific

epa05161638 (FILE) A file picture dated 09 June 2015 shows a pedestrian walking past a HSBC bank branch in London, Britain. Multinational banking giant HSBC will keep its headquarters in London, ending deliberation of a potential plan to relocate to Hong Kong, the company announced late 14 February 2016. The bank's 19-member board voted unanimously to remain in Britain, the company said in a statement. The decision, made following a 10-month review, was seen as a victory for Britain's finance sector. 'London is one of the world's leading international financial centers and home to a large pool of highly skilled international talent. It remains therefore ideally positioned to be the home base for a global financial institution such as HSBC,' the bank said in a statement. 'Asia remains at the heart of the Group's strategy,' the company added, noting that 'Hong Kong will play a pivotal role.' HSBC's Hong Kong-listed shares rose 3.5 percent on 15 February 2016 in early trading. EPA/ANDY RAIN

5 signs that you’re ready for more in life

Nov 03, 2015 - 4:16 PM

You might be long overdue for an upgrade

Vulnerable nations launch 'V20' to fight climate change

Oct 09, 2015 - 2:41 PM

PH s Finance Secretary Cesar V Purisima is the inaugural chairperson of the group a counterpoint to the G20 of leading industrialized and emerging economies

VULNERABLE 20. "We are low- and middle-income, least developed, arid, isthmus, landlocked, mountainous, and small island developing countries," the group of finance ministers say in a statement October 8, 2015. Image from V20 website

Markets rally fizzles in US as China worries persist

Aug 26, 2015 - 10:01 AM

The global markets rebound fizzle out on Wall Street as investors lock in gains and take cover from more possible turmoil

LOOMING LARGE. A view of a board on the floor of the New York Stock Exchange at the start of the trading day in New York, New York, USA, August 25, 2015. Justin Lane/EPA

World Bank unveils new conditions for loans

Aug 05, 2015 - 8:23 AM

The World Bank unveils a set of new social and environmental rules for its 188 member nations to receive financial assistancew

Repeal ineffective, counter-productive laws, rules – NEDA

Jun 11, 2015 - 4:53 PM

The National Economic and Development Authority also supports an updated Foreign Investments Act

US caught off guard by success of new China-led bank

Mar 26, 2015 - 3:18 PM

The success of the new China led development bank catches the United States off guard after it fought the project and now finds itself increasingly isolated

In this file photo, Chinese Finance Minister Lou Jiwei (L) gives a speech with the guests of the signing ceremony of the Asian Infrastructure Investment Bank in the Great Hall of the People in Beijing, China, 24 October 2014. EPA/Takaki Yajima / POOL

PH improves in 7 of 12 global report cards

Dec 11, 2014 - 9:53 PM

This an indication that the country is moving forward in addressing competitiveness issues but we need to keep this level of performance going

Religion and risk drive Islamic finance boom

Nov 23, 2014 - 3:21 PM

Despite strict religious rules Islamic banking remains to gain popularity around the world with assets estimated to reach 1 8 trillion

Malaysian CIMB mega bank merger comes with 'risks' – Fitch

Jul 14, 2014 - 2:29 PM

The proposed merger of CIMB RHB and Malaysia Building Society MBSB is ambitious and will bring inherent challenges and risks for the new banking group amid a complex integration process

LOFTY GOALS. A general view of the CIMB Group Bhd (CIMB) Bank building in Kuala Lumpur, Malaysia, on 09 June 2011. Ahmad Yusni/EPA

World Bank Group endorses new partnership strategy for PH

Jun 13, 2014 - 4:21 PM

The Country Partnership Strategy will focus on the Philippines’ goal of inclusive growth

Govt eyes higher ranking in 'doing business' survey

Sep 19, 2013 - 1:58 PM

UPDATED The National Competitiveness Council reports business processes in the country have been cut in a bid to boost the Philippines ranking in a global competitiveness survey

The National Competitiveness Council is looking to boost PH's 'Ease of doing business' ranking. Photo by Aya Lowe/Rappler

Ex-Goldman trader to pay $500,000 fine in fraud case

Sep 01, 2013 - 10:15 AM

A US court orders a former Goldman Sachs trader to pay 500 000 for fraud for fabricating and concealing 8 3 million in trades from his former employer

TRADERS. This is the headquarters of investment banking and securities firm Goldman Sachs in lower Manhattan, New York. Photo from AFP

Ex-Goldman trader charged in $8-B rogue trade

Apr 04, 2013 - 7:23 AM

Matthew Marshall Taylor pleads guilty to fraud linked to a scheme to hide an unauthorized 8 billion futures bet he made at Goldman Sachs

TRADERS. This is the headquarters of investment banking and securities firm Goldman Sachs in lower Manhattan, New York. Photo from AFP

ADB pushes for reforms for ASEAN bank integration

Apr 03, 2013 - 4:25 PM

ADB says reforms in the banking sector to facilitate the free flow of capital in the region

BSP extends rule relaxing single-borrower-limit for PPP projects

Dec 21, 2012 - 1:19 PM

Following delays in the implementation of the Aquino government s flagship public private partnership PPP program the Bangko Sentral ng Pilipinas BSP has extended its rule relaxing the lending limit to single borrowers involved in infrastructure projects

World Bank buys carbon credits from PH hog raisers

Aug 06, 2012 - 1:34 PM

The World Bank is now buying carbon credits from local hog raisers who invest in wastewater treatment facilities to better dispose of pig manure and generate electricity