Business

Regulatory enhancements to shield banks from Hanjin fallout

By Joann Villanueva/PNA MANILA -- Policy enhancements on banks' capital, risk management systems and good governance, among others, will protect exposed local banks from any headwinds that may arise from the bankruptcy announcement...

TUCP lauds passage of Telecommuting Act

Press Release/PNA MANILA -- The Trade Union Congress of the Philippines (TUCP) applauded President Rodrigo Duterte for signing into law a measure allowing workers to work from home as alternative work arrangement in...

Bangladesh asks PH to expedite case vs. 6 other RCBC officials

By Joyce Ann L. Rocamora - PNA MANILA -- After the conviction of Rizal Commercial Banking Corporation (RCBC) bank manager Maia Deguito in relation to the USD81-million bank heist, the Bangladesh Embassy in...

Money laundering decision vs. RCBC exec to help in funds recovery

By Joann Villanueva - PNA MANILA -- The conviction of a former Rizal Commercial Banking Corporation (RCBC) official for money laundering, in relation to the USD81 million stolen funds of Bangladesh Bank, part...

Dominguez bats for liberal regulatory system for Fintech

DOF PR/PNA MANILA -- Finance Secretary Carlos Dominguez III in a statement on Thursday underscored the need to put in place a liberal regulatory environment to enable financial technologies (Fintech), that would...

Peso Rediscount Facility availments surge in 2018

By Joann Villanueva/PNA MANILA -- Availments in the Bangko Sentral ng Pilipinas’ (BSP) Peso Rediscount Facility posted a big year-on-year jump in 2018 a clear indication that banks are lending more to...
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