Rappler's latest stories on banks Philippines
Philippine economy to shrink by 1.9% in 2020, says World Bank
The World Bank says steps to recovery include strengthening the healthcare system, improving the ease of doing business, and developing better internet in the Philippines
A year later, Gem-Ver fishermen still unpaid by Chinese ship owner
'Kung aasa naman kami sa ayuda, kailan pa po?' asks Gem-Ver owner Fe dela Torre
Worst-case scenario: PH economy may contract 0.5%, says World Bank
A drastic slowdown in domestic consumption, public infrastructure delays, and postponement of private investments due to the coronavirus are seen to drag down growth in 2020
[OPINION] Paul Volcker and the triumph of integrity
The late Paul Volcker was a hero for saving the Philippine peso during the worst economic crisis of the 1980s
PH boat Gem-Ver returns to West Philippine Sea
Still reeling from the tragedy, the fishermen return to Recto Bank as it is the only way they can make a living
Philippines to miss 2019 economic growth target – World Bank
Global trade tensions and domestic politics spoil the Philippines' dream to be among Asia's economic juggernauts
ADB sees Philippines still hitting 2019 economic growth target
The Asian Development Bank cuts its growth outlook for the Philippines to 6% in 2019, just clinging on to the lower end of the government's target band
Islamic banking now more accessible under new law
Islamic banks differ from regular banks as they adhere to Shari’ah law and its economic principles
Gem-Ver owner, fishermen unsatisfied with China ship owner's apology
'Paano na 'yung danyos perwisyo nila sa aming mga mangingisda? At lalong-lalo na po sa may-ari ng bangka?' says Bannie Condeza, one of Gem-Ver's fishermen
ADB again lowers Philippine economic growth forecast for 2019
The Asian Development Bank projects Philippine GDP to grow by 6.2% in 2019, lower than its previous projection of 6.4%
No major decision reached after Duterte execs meet on Recto Bank
The meeting comes as the usually outspoken President Rodrigo Duterte draws flak for his silence on the Recto Bank incident
Recto Bank: Why China covets what belongs to the Philippines
Recto Bank is said to contain most of the oil and natural gas in the West Philippine Sea. The Philippines owns it.
Philippine economy may be one of few winners in 2019 regional slowdown
The Asian Development Bank trims its 2019 growth prospects for the Philippines, but expects it to be among the few countries which may beat their 2018 figures
[ANALYSIS] How the Marcos-World Bank partnership brought PH economy to its knees
The World Bank provided dictator Ferdinand Marcos a curtain of international legitimacy behind which he and his cronies plundered the public till
World Bank cuts 2019 Philippine growth outlook again
The World Bank says the Philippines' delayed 2019 budget and El Niño are likely to hurt economic growth
ADB cuts Philippine growth forecast, expects inflation to hit harder
The Asian Development Bank says it revised its outlook due to the weak agriculture sector, high inflation, and continued global monetary tightening
PH economy growing but poverty still high – World Bank
'Despite the generally good economic performance, poverty remains high and the pace of poverty reduction has been slow,' says the World Bank in its latest report on poverty in the Philippines
BPI to rebuild its headquarters in Makati
When the demolition of the headquarters begins, staff there will likely be moved to various locations across Metro Manila
Poe wants probe vs abusive debt collection practices
Senate Grace Poe says debt collectors engaging in unfair practices 'must be punished to put an end to their prevalent abusive behavior'
Sereno won’t resign, Malacañang on joint exploration, Duterte on UN rapporteurs | Evening wRap
Watch the evening newscast with Jee Geronimo
Net income of RCBC surges to P4.3 billion in 2017
RCBC president and chief executive officer Gil Buenaventura says the listed lender is ready to make the most of the favorable business environment this 2018
Aboitizes buying Isabela-based PR Savings
Union Bank of the Philippines expects the transaction to open new market segments, such as motorcycle and agri-machinery financing, for its subsidiary City Savings
World Bank cuts Philippine GDP forecast again
The World Bank's new projections are 6.6% for 2017 and 6.7% for 2018, down from the previous forecasts of 6.8% and 6.9%, respectively
#ThewRap: Things you need to know, July 3, 2017
Hello Here are the stories you shouldn t miss this Monday
World Bank cuts PH growth outlook to 6.8%
With government consumption and investment growth somewhat weaker the World Bank lowers its forecast for the Philippines in 2017
Landbank extends banking hours on June 30 amid system upgrade
All branches of the Land Bank of the Philippines will be open until 5 pm on Friday June 30
Landbank sets June 24-25 system upgrade, downtime
ATMs cash deposit machines and other electronic banking channels will be offline from 10:30 pm on June 24 to 3:00 pm on June 25
Duterte foreign policy, Anti-Distracted Driving Act, Mike Pence | Evening wRap
Watch the evening newscast with Acor Arceo
Senators to Duterte: Why tolerate China's war threat?
Senator Paolo Benigno Aquino IV asks why the Philippines is rejecting the European Union s supposed interference but allowing China to make threats
How BDO is locking in Japanese SME clients
The Philippines largest bank in terms of market capitalization partners with Japan s Shinkin Central Bank
#ThewRap: Things you need to know, March 23, 2017
Hello Here are the stories you shouldn t miss this Thursday
U.S. suspects North Korea behind $81M Bangladesh theft – report
The Wall Street Journal reports prosecutors were developing cases showing Chinese middlemen helped the North Korean government orchestrate the enormous theft from the Bangladesh central bank
Fitch keeps 'stable' outlook for PH banks in 2017
Only the Philippines and Vietnam – where economic prospects are brighter – have stable sector outlooks the debt watcher says
BPI, BPI Family Savings Bank extend banking hours for holidays
The extended banking hours BPI says is to ensure that clients have sufficient time to complete their transactions this busy holiday season
RCBC chief counsel Estavillo quits
RCBC announces the resignation of lawyer Maria Celia Fernandez Estavillo over a week after the Anti Money Laundering Council filed criminal charges against several RCBC officers
AMLC files charges vs RCBC officers on Bangladesh Bank heist
The former treasurer and 5 other officers and employees of listed Rizal Commercial Banking Corporation RCBC are charged for violating Republic Act 9160 or the Anti Money Laundering Act of 2001
Security Bank to rejoin PSE
The local bourse announces that Security Bank will replace Bloomberry Resorts Corporation which will be removed from the main index on September 12
RCBC reorganizes board after Bangladesh Bank heist scandal
In the wake of the scandal RCBC strengthens its board of directors increasing the number of independent directors to 7 from the previous 4
Bangladesh envoy to Duterte: Help us recover $81M stolen funds
If the President is so serious about crime and corruption I think this is an issue that should be addressed Bangladesh Ambassador to the Philippines John Gomes says
Security Bank unfazed by election uncertainty
The bank s chairman says they are very bullish for the country and its business prospects even after the 2016 national elections
Security Bank finalizes deal with Bank of Tokyo Mitsubishi
BTMU Japan s largest commercial bank now has 20 ownership of the voting stock and two board seats in Security Bank
Fewer Philippine banks in 2015
The central bank s order to close 14 rural banks in 2015 leads to the continuing decline of established banks in the country
RCBC manager, others face anti-money laundering complaint
The Anti Money Laundering Council says Maia Santos Deguito allowed individuals with no track record to open accounts and withdraw huge sums of stolen money from RCBC
Bank of Tokyo Mitsubishi acquires 20% stake in Security Bank for P37B
UPDATED Once the transaction is completed it will be the largest equity investment in a Philippine financial institution by a foreign investor
Philippines and China: Rivals at sea, allies in trade?
Dindo Manhit of the Albert del Rosario Institute tells Rappler: This opportunity of joining the AIIB tells China and the whole world that the Philippines is open to be friends with China
Bank holiday schedules for Christmas 2015
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Filinvest, Ayala battle for P4B ITS-South terminal project
Datem the consortium of Megawide and WM Property Management opts out of the bidding for the Integrated Transport System ITS South terminal Project
Supreme Court justice a party to unpaid P20-million loan
EXCLUSIVE: Will now Supreme Court Justice Presbitero Velasco be asked to pay for a multi million peso loan he endorsed 18 years ago?
Your newfound free time
Technology and the Internet has allowed us to make the most of our hours See how online banking has helped in giving us this newfound free time
Agriculture department hiring for rural dev't project
The Philippine Rural Development Project funded by a World Bank loan is looking for business development specialists for the nationwide undertaking
