Banking
StanChart remains bullish on PH, eyes PPP
MANILA, Philippines - Standard Chartered Bank of the Philippines, the oldest foreign bank operating in the country, remains bullish on growth prospects in the country, a top bank executive said.
Ombudsman: I have jurisdiction over Corona
MANILA, Philippines - Ombudsman Conchita Carpio-Morales insists she has jurisdiction over Chief Justice Renato Corona.
Export & Industry Bank depositors to be paid in May
Depositors have expressed their anger and frustration over the closure of Export and Industry Bank. The Philippine Deposit Insurance Corp has assured them that insurance claims will be paid out beginning end of May. Primetime, ANC, April 27, 2012
Ex-UBS exec in Singapore callgirl scandal out on bail
Singapore - A Swiss expatriate accused of having paid sex with a woman under the age of 18 was freed on bail Friday and plans to plead not guilty, his lawyer said.
Bank lending at 9-mo low; money supply steady
MANILA, Philippines - Growth in lending by the country's biggest banks slowed to a nine-month low of 18% in February, while money supply growth was steady, the central bank reported Thursday.
Citi may relocate some overseas units to PH
MANILA, Philippines - American banking giant Citibank NA is planning to relocate some of its overseas operations to the Philippines on the back of the country’s sound macroeconomic fundamentals and skilled workforce.
Bank lending slows in January
MANILA, Philippines - Bank lending growth eased slightly in January from the previous month, the Bangko Sentral ng Pilipinas (BSP) reported Friday.
PDIC starts payout to depositors of Leyte rural bank
MANILA, Philippines - The Philippine Deposit Insurance Corp. (PDIC) has begun paying insurance claims of depositors of a shuttered rural bank in Leyte last week.