Archive for the ‘banking’ Category
Money Matters for Kids exhibit teaches kids the value of money
The Bangko Sentral ng Pilipinas (BSP) is having a three-month long exhibit in Manila that aims to encourage children to save money. The exhibit dubbed “Money Matters for Kids” started last Tuesday at the Galeriya Bangko Sentral at the Metropolitan Museum in Manila. In its news release, the BSP said the “The Money Matters for [...]
August 14, 2011
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Tags: ATM, automated teller machine, Bangko Sentral, bank, bank manager, bank tellers, banking, BSP, Central Bank, Consumers, exhibit, money, Money Matters for Kids, Philippine, savings · Posted in: banking, Business News, Consumers, Corporations, economy, Education, finance, Government, innovation, money, Philippine banks, Philippine business news, Philippines
Manila Water signed P500M loan deal for its Boracay unit
Boracay Island Water Co. Inc. signed a P500-million term loan facility with Development Bank of the Philippines and Security Bank recently. The terms of the loan include an option to increase the amount the P1 billion. A subsidiary of the Ayala-led Manila Water Co., the loan will be used to finance the additional capital expenditure [...]
August 2, 2011
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Tags: bank loan, Boracay, Boracay Island Water, business news, finance, investment, Manila Water, P500 million loan, Philippines, revolving fund · Posted in: Announcement, banking, Business News, business opportunity, Corporations, economy, entrepreneurship, finance, Government, International relations, investments, Loans, money, Philippine business news, Philippines
PDIC continues to pay Banco Filipino depositors
Depositors of the Banco Filipino Savings and Mortgage Bank continue to get their money and are being serviced by the Philippine Deposit Insurance Corp. (PDIC). Banco Filipino was closed last March 17 after its branches could no longer service withdrawals and was put under receivership by monetary officials. The PDIC said in a statement that [...]
July 22, 2011
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Tags: Banco Filipino, bank, banking, business news, CSO, deposit claims, deposit insurance, depositors, money, PDIC, Philippines · Posted in: Announcement, banking, Consumers, finance, Government, money, Philippine banks, Philippine business news, Philippines
Ongpin-led group most like to gain control of PBCom
ISM Communication Corp., a company led by former trade minister Roberto V. Ongpin, leads the race for the control of Philippine Bank of Communications (PBCom). PBCom, with existing 64-branches, is on the auction block commanding a floor price of P4.3 billion, or about P25 per common and preferred share. It has attracted suitors wishing to [...]
June 23, 2011
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Tags: Banco De Oro, bank, banking, BDO, BSP, business news, finance, financial advisor, ISM, Macquarie, Ongpin, PBCom, Philippines, PSE · Posted in: banking, Business News, Corporations, finance, franchise, investments, money, Philippine banks, Philippine business news, Philippines
Banco De Oro sets eye on acquiring PBCom
Banco de Oro plans to acquire PBCom or the Philippine Bank of Communications. Banco de Oro Unibank submitted an offer to over the operations of PBCom. PBCom confirmed in its disclosure to the Philippine Stock Exchange (PSE) that BDO indeed submitted a proposal to invest in the bank. The Henry Sy-led BDO, however, in its [...]
June 21, 2011
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Tags: Banco De Oro, bank, banking, BDO, BSP, business news, finance, PBCom, Philippines, PSE · Posted in: Announcement, banking, Business News, Corporations, Customer Service, finance, investments, money, Philippine banks, Philippine business news, Philippines
PDIC has a new president
The Philippine Deposit Insurance Corp. (PDIC) has a new chief. The new PDIC president, in the person of Valentin A. Araneta, took his oath of office before Finance Secretary and PDIC Chairman Cesar V. Purisima in a simple ceremony held at the Office of the Finance Secretary. Araneta was a former president or Rizal Commercial [...]
June 19, 2011
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Tags: bank, banking, business news, new PDIC chief, PDIC, Philippine Deposit Insurance Corp., Valentin Araneta · Posted in: Announcement, banking, Business News, finance, Foreign exchange, Government, money, People, Philippine banks, Philippine business news, Philippines
Montinola to stay as BPI president for two more years
Aurelio Luis R. Montinola III was supposed to retire on his 60th birthday in August this year and leave his post as president and chief executive officer of the Bank of the Philippine Islands (BPI). However, BPI extended Montinola’s term for two more years to “enable the completion of the transformation initiatives that Montinola introduced [...]
June 17, 2011
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Tags: bank, Bank of the Philippine Islands, banking, BPI, CEO, Montinola, Philippines, president · Posted in: banking, Business News, Corporations, finance, money, Philippine banks, Philippine business news, Philippines
Security Bank acquires Premiere Bank
Security Bank acquires Premiere Bank. One of the country’s largest lenders in terms of assets, Security Bank Corp. acquired 98 percent of Premiere Development Bank for P1.3 billion. The bank said the acquisition is part of its plan to expand it bank network, build its loan portfolio and expand its customer base. Security Bank bought [...]
June 3, 2011
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Tags: acquisition, bank, banking, business news, commercial bank, finance, lenders, merger, Philippines, Premiere Bank, Security Bank, shareholders, thrift bank · Posted in: banking, Business News, Corporations, Customer Service, finance, investments, Loans, money, Philippine business news, Philippines
BSP to convert Libyan dinar until June 30 only
The Monetary Board of Bangko Sentral ng Pilipinas (BSP) said it will terminate the Currency Exchange Facility (CEF) for Libyan dinars. The facility was established in March to help overseas Filipino workers (OFWs) displaced by the strife in the North African country. With the CEF, each OFW may exchange up to P10,000 worth of Libyan [...]
April 29, 2011
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Tags: bank, banking, BSP, exchange rate, foreign currency, Foreign exchange, forex, Libyan dinar, money, OFWs, Philippines · Posted in: Announcement, banking, Consumers, e-commerce, finance, Foreign exchange, Government, International relations, money, OFWs, Philippine banks, Philippine business news, Philippines
BPI wins bidding for smartcards
The Bank of the Philippine Islands (BPI) has won the bidding by the Department of Energy (DOE) for the production of the smartcards for the “Pantawid Pasada” program of the government. The DOE said BPI topped four other bidders through a bidding done by the DOE’s Bids and Awards Committee. The memorandum of agreement (MOA) [...]
April 18, 2011
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Tags: bank, BPI, business news, Department of Energy, drivers, fuel subsidy, Pantawid Pasada, Philippines, public transporation, PUJs, PUVs, smartcard, transportatin · Posted in: Announcement, banking, Consumers, economy, finance, Government, innovation, money, Philippine banks, Philippines, Pricing, Products, Transportation
