banking - updates

Rappler's latest stories on banking

ARTICLE FINDER

Villar urges Landbank to ease loan process for sugar farmers

Aug 15, 2019 - 6:27 PM

Senator Cynthia Villar, chair of the Senate committee on agriculture, says Landbank was taking too long to process farmers' loan applications

MIFFED. Senator Cynthia Villar grills the Land Bank of the Philippines officials at the Senate hearing on the implementation of the sugar cane industry development law. Photo by Angie de Silva/Rappler

Bangko Sentral: Banks need our approval to raise ATM fees

Aug 13, 2019 - 5:45 PM

The House committee on banks and financial intermediaries is set to investigate a looming 50% increase in ATM fees

PODCAST: Gem-Ver: The men, the crash, the journey home

Aug 12, 2019 - 12:00 PM

It's been 2 months since a Chinese trawler rammed a Filipino fishing boat in the West Philippine Sea. In this podcast, Rappler revisits that harrowing night, and more.

Manhunt after stabbed Israel soldier found dead in West Bank

Aug 08, 2019 - 3:48 PM

The stabbing occurs between Bethlehem and the flashpoint city of Hebron in the West Bank

INVESTIGATION. Israeli soldiers stand guard next to the site where the body of an Israeli soldier was found with multiple stabs near the settlement of Migdal Oz in the occupied West Bank on August 8, 2019. Photo by Menahem Kahana/AFP

BPI net income soars by 24.6% to P13.7 billion in H1 2019

Aug 01, 2019 - 1:41 PM

The Bank of the Philippine Islands boasts impressive earnings as corporate, consumer, and credit card loans jump by double digits in the 1st half of 2019


Jared Kushner visits after Israel okays homes for Palestinians, settlers

Aug 01, 2019 - 8:08 AM

Kushner, US President Donald Trump's son-in-law and senior adviser, visits Jordan and Israel

(FILES) This file photo taken on May 23, 2017 shows US President Donald Trump's senior advisor Jared Kushner during a welcome ceremony at the presidential palace in the West Bank city of Bethlehem.  President Donald Trump's son-in-law, Jared Kushner, made a pre-inauguration proposal to the Russian ambassador to set up a secret, bug-proof communications line with the Kremlin, the Washington Post reported Friday evening, May 26, 2017. Kushner, then and now a close adviser to Trump, went so far as to suggest using Russian diplomatic facilities in the United States to protect such a channel from being monitored, the Post said, quoting US officials briefed on intelligence reports.    / AFP PHOTO / Thomas COEX

Eurozone growth slows to 0.2% in Q2 2019

Jul 31, 2019 - 10:00 PM

An economist says the weak data would strengthen the case of the European Central Bank to announce 'stimulus measures'

Photo from Shutterstock

FAST FACTS: What you should know about Landbank

Jul 31, 2019 - 12:42 PM

(3rd UPDATE) President Duterte threatens to shut down the government bank in his 4th SONA, saying it's acting more like a commercial bank instead of focusing on farmers and fishermen

UnionBank's H1 2019 earnings up just 2% as it shifts to digital

Jul 29, 2019 - 7:40 PM

UnionBank posts a net income of P4.8 billion in the 1st half of 2019, as it sustains growth of earning assets despite lower margins and investment in its digital transformation


BDO boasts 54% earnings growth to P20.2 billion in 1st half of 2019

Jul 26, 2019 - 2:39 PM

BDO beats conservative forecasts, growing its earnings from P13.1 billion in the 1st half of 2018 to P20.2 billion in 2019

36% of Filipinos want Chinese in Recto Bank incident sanctioned – Pulse Asia

Jul 26, 2019 - 1:02 PM

Moreover, 26% of Filipinos believe China itself must also pay for the injuries suffered by the Filipino crew and damage done to their fishing boat, according to the latest Pulse Asia survey

SANCTIONS SOUGHT. The damaged fishing boat Gem-Ver arrives at the shores of Bgy. San Roque, San Jose Occidental Mindoro on June 15, 2019. Photo by LeAnne Jazul/Rappler

Loans push Metrobank’s income up 18% in 1st half of 2019

Jul 26, 2019 - 12:45 PM

Metrobank says the double-digit growth is due to consistent loan growth, higher fee-based income, and prudent operational expenditures


More Filipinos distrust China after Recto Bank incident – survey

Jul 26, 2019 - 11:09 AM

China's overall trust rating among Filipinos sank by 13 percentage points after the incident between a Filipino boat and a Chinese ship in the waters off Palawan

"MARITIME INCIDENT." Fishing boat Gem-vir off the coast of San Jose, Occidental Mindoro. Photo by LeAnne Jazul/Rappler

Landbank turns over 354,783 hectares of land to DAR

Jul 25, 2019 - 7:50 PM

(UPDATED) The Land Bank of the Philippines, which President Rodrigo Duterte criticized in his 4th State of the Nation Address, says this turnover happened in May 2019

Landbank to submit plans for farmers after Duterte threat

Jul 23, 2019 - 8:05 PM

The Land Bank of the Philippines says it is committed to helping farmers and fishermen, a day after President Rodrigo Duterte threatened to have it abolished

Malaysia, Vietnam show PH can stand up to China

Jul 23, 2019 - 5:41 PM

'When claimants stand up for themselves and refuse to be intimidated, Beijing most often backs down rather than uses force,' says Gregory Poling of the Asia Maritime Transparency Initiative

WEST PHILIPPINE SEA. A Philippine Coast Guard ship (R) sails past a Chinese Coast Guard ship during a joint search and rescue exercise between Philippine and US coast guards near Scarborough Shoal. Photo by Ted Aljibe/AFP

Israel demolishes Palestinian homes in Jerusalem area

Jul 22, 2019 - 9:47 PM

Residents and activists are dragged out of the homes, many of which are still under construction

Duterte threatens to abolish Landbank

Jul 22, 2019 - 7:45 PM

'What the heck is wrong with you? You are supposed to finance agricultural enterprises and endeavors,' President Rodrigo Duterte tells the Land Bank of the Philippines

Africa poses critical challenge for World Bank, IMF

Jul 21, 2019 - 8:15 PM

There is a need for massive investment in infrastructure and job creation in the coming years just to keep pace with Africa's growing population

POVERTY. People walk along an open sewer in a slum in Africa. Photo from Shutterstock

Revilla files Eddie Garcia bill, proposal to waive bank secrecy for public officials

Jul 20, 2019 - 8:40 PM

Senator Ramon 'Bong' Revilla Jr files 100 bills in his first few weeks in office in a bid to 'fulfill his campaign promises'

HOME. Senator Ramon 'Bong' Revilla Jr arrive his home at Bacoor in Cavite on 7 December 2018. File photo by Lito Boras/Rappler

Carpio: Duterte ‘fishing deal’ with China must go through Senate scrutiny

Jul 19, 2019 - 7:54 PM

Supreme Court Senior Associate Justice Antonio Carpio says the Senate must find out exactly what the supposed verbal agreement between Manila and Beijing entails, and whether it falls within Philippine law

SENATE SCRUTINY. Supreme Court Senior Associate Justice Antonio Carpio, a staunch defender of the West Philippine Sea, says the Senate must scrutinize a supposed fishing deal between Manila and Beijing. Photo by Angie de Silva/Rappler

ADB again lowers Philippine economic growth forecast for 2019

Jul 18, 2019 - 6:00 PM

The Asian Development Bank projects Philippine GDP to grow by 6.2% in 2019, lower than its previous projection of 6.4%

RCBC system maintenance to start 10 pm on July 19

Jul 16, 2019 - 1:45 PM

Banking services will be unavailable during RCBC's system maintenance from 10 pm on Friday, July 19, to 10 pm on Saturday, July 20

[OPINION] Thanks for all the (inedible) fish

Jul 12, 2019 - 8:30 PM

'Right now it feels like someone declared open house for strangers to make this country their home – without ground rules,' asserts Chinese-Filipino Anna Gamboa

Despite Duterte, Gem-Ver fishermen buckle down to work

Jul 12, 2019 - 5:38 PM

The fishermen come home but government disowns their narrative about what happened at Recto Bank and gives away bare boats. They prepare to sail again in dangerous waters.

[OPINION] An ode to a fisherman whom I have forsaken

Jul 12, 2019 - 5:00 PM

Chinese-Filipino Jeffrey P. Yap assures his fellow Filipinos that he is on the same boat, and is equally proud to wear a shirt with 'West Philippine Sea' printed on it

[OPINION] Finding the middle ground with the Middle Kingdom

Jul 12, 2019 - 2:35 PM

'We were born in the Philippines, grew up in the Philippines, live, work, and love in the Philippines. The Philippines is our home,' says Chinese-Filipino Freddie Tan

Ivory Coast must overhaul key cocoa sector – World Bank

Jul 11, 2019 - 10:45 PM

'Despite its importance to the Ivorian economy and society, the cocoa sector is not playing its role as the engine of economic development,' says the World Bank

Women sort cocoa beans at a cocoa exporter's in Abidjan, on July 3, 2019. - In June key producers Ivory Coast and Ghana threatened to stop selling their production to buyers unwilling to meet a minimum price of $2,600 per tonne. The two African nations -- which together account for 60 percent of the world's cocoa production -- want to end a situation where cocoa producers make only $6 billion in a global chocolate market worth around $100 billion. (Photo by Sia KAMBOU / AFP)

Philippines, ADB sign $1.3-B loan deal for Malolos-Clark Railway

Jul 11, 2019 - 5:25 PM

The Malolos-Clark Railway is seen to cut travel time from Manila to the Clark International Airport to less than an hour

RTVM screenshots

You can now reload Beep cards using BPI Online

Jul 11, 2019 - 2:20 PM

Beep cards can now be reloaded through BPI Online or the bank's app in 4 steps

Metrobank Binondo branch robbed before opening

Jul 11, 2019 - 12:15 PM

(3rd UPDATE) Manila Mayor Isko Moreno offers P1 million for the arrest of the 7 unidentified suspects

METROBANK ROBBERY. This Metrobank branch in Manila was robbed before the start of bank hours on July 11, 2019. Photo by Ben Nabong/Rappler

New RCBC president gears up for bank's digital shift

Jul 10, 2019 - 8:15 PM

Eugene Acevedo, a veteran banker and technology advocate, now leads RCBC

WATCH: Gem-Ver fishermen eager to sail again

Jul 10, 2019 - 7:49 PM

On the shores of Occidental Mindoro, the fishermen of Gem-Ver try to rebuild their damaged boat so they could set out to sail once again

BACK HOME. Fishermen pull the F/B Gem-Ver, towards the shore of Barangay San Roque I, San Jose, Occidental Mindoro on June 15, 2019. Photo by LeAnne Jazul/Rappler

THE SINKING OF GEM-VER: Barko! May babanggang barko!

Jul 10, 2019 - 6:56 PM

From out of the blue, a metal vessel smashes a Filipino fishing boat anchored at Reed Bank, the impact sounding like a hundred bones breaking. This must be death, say the fishermen.

Dismissed Deutsche Bank staff head out as overhaul bites

Jul 09, 2019 - 7:25 PM

The job cuts hit Deutsche's equity trading business, leaving other divisions of investment banking unscathed

NEW YORK, NEW YORK - JULY 08: People exit Deutsche Bank's Manhattan headquarters with some of their belongings following news that the global banking giant will be letting go of thousands of employees due to a major restructuring at the German bank on July 08, 2019 in New York City. The bank has announced that it will reduce its workforce by 18,000 people in Asia, Europe and America. Spencer Platt/Getty Images/AFP

PH to sue Chinese ship crew in local courts if China fails to penalize them

Jul 08, 2019 - 3:03 PM

Presidential Spokesman Salvador Panelo says the Philippines can file a case on 'reckless imprudence resulting to serious damage of property' against the captain and crew of the Chinese ship that hit F/B Gem-Ver

Children play around the dry-docked F/B Gem-Ver on June 21, 2019. Photo by LeAnne Jazul/Rappler

Panelo sees no contradiction between PCG-Marina report, Duterte

Jul 08, 2019 - 2:24 PM

Philippine Coast Guard and Marina investigators conclude the Recto Bank incident was a 'serious marine casualty' while President Rodrigo Duterte previously calls it a 'little maritime accident'

President Rodrigo Roa Duterte answers queries from members of the media following the oath taking ceremony of Senator Christopher Lawrence "Bong" Go at the Malacañan Palace on June 27, 2019. Also in the photo is Presidential Chief Legal Counsel and Spokesperson Salvador Panelo. ROBINSON NIÑAL JR./PRESIDENTIAL PHOTO

Deutsche Bank to slash 18,000 jobs by 2022

Jul 08, 2019 - 2:15 AM

Deutsche Bank expects its new round of layoffs to reduce annual costs by 6 billion euros ($6.7 billion) over the same period

RAIDED. In this file photo the logo of German company Deutsche Bank is pictured at it's headquarters in Frankfurt, Germany.  Photo by Daniel Roland/AFP

FALSE: Aquino admin obtained 'secret' $500-million loan from World Bank

Jul 06, 2019 - 7:27 PM

The World Bank approved a loan for Yolanda victims in 2013 but the Aquino administration did not hide this information

Justice Carpio: Deal with China to fish in Reed Bank 'lopsided' against PH

Jul 04, 2019 - 9:44 PM

Senior Associate Justice Antonio Carpio calls on the government to reject President Rodrigo Duterte's so-called verbal deal with Xi Jinping to let China fish in the Reed Bank

LOPSIDED. Supreme Court (SC) Senior Associate Justice Antonio Carpio says a deal to let China fish in the Reed Bank is lopsided for the Phiippines. Photo by LeAnne Jazul/Rappler

China rejects third party in Recto Bank joint probe – Panelo

Jul 01, 2019 - 2:13 PM

Presidential Spokesman Salvador Panelo says the Philippines will still 'suggest' the inclusion of a neutral country in the joint inquiry, if China and the Philippines have conflicting findings on the Recto Bank incident

Damage of the F/B GemVir. Photo by LeAnne Jazul/Rappler

De Lima slams Duterte for 'secret deal' with China

Jun 30, 2019 - 2:21 PM

President Rodrigo Duterte's secret deal with China on the West Philippine Sea 'has sold our nation like a sack of potatoes,' says Senator Leila de Lima

CLOSE TIES. President Rodrigo Duterte receives a warm welcome from Chinese President Xi Jinping prior to the Leaders' Roundtable Discussion of the 2nd Belt and Road Forum for International Cooperation at the Yanqi Lake International Convention Center on April 27, 2019. Malacañang photo

[OPINION] The sublime and unfathomable wisdom of Rodrigo Duterte

Jun 29, 2019 - 5:00 PM

The key to understanding President Duterte’s gospel has been there all along, hiding in plain sight as though to mock imperceptive doubters like us: 'We are friends with China.'

[OPINION] A facade of smiles over the Recto Bank incident

Jun 28, 2019 - 7:00 PM

From within the government's ranks, all is definitely not well with President Duterte’s pro-Beijing policy

Passport for fishes? Netizens poke fun at Sotto's fish remark

Jun 28, 2019 - 5:23 PM

Netizens reimagine a world where fishes have citizenship, passports, and names more representative of their country of origin using memes

Senate President Vicente Sotto III photo by Angie de Silva/Rappler

Recto Bank incident taints Duterte's nationalist image – analyst

Jun 28, 2019 - 2:24 PM

'If we're just exchanging one possible exploiter with another, that doesn't really bode well for his nationalist image,' says political science expert Aries Arugay

President Rodrigo Roa Duterte leads the wreath-laying ceremony at the bust of Dr. Jose Rizal as part of the 121st Philippine Independence Day celebration at the 6th Infantry Battalion Grounds in Malabang, Lanao del Sur on June 12, 2019. TOTO LOZANO/PRESIDENTIAL PHOTO

WATCH: A new ass-kicking trio makes their debut in the first official ‘Charlie’s Angels’ trailer

Jun 27, 2019 - 11:20 PM

Elizabeth Banks as Bosley leads a new team of angels: Kristen Stewart, Naomi Scott, and Ella Balinska. Oh, and Noah Centineo is somewhere in there too.

CHARLIE'S ANGELS. Kristen Stewart, Ella Balinska, Naomi Scott are a new trio of secret agents in the new Charlie's Angels film. Screenshot from Sony Pictures Entertainment on YouTube

'Thoughtless, senseless' to insist on mandate protecting PH waters – Duterte

Jun 27, 2019 - 10:56 PM

President Rodrigo Duterte also dares critics to impeach him: 'Kulungin ko silang lahat'

President Rodrigo Roa Duterte delivers his speech during the 122nd anniversary of the Presidential Security Group (PSG) at the PSG Compound on June 26, 2019. YANCY LIM/PRESIDENTIAL PHOTO

Panelo says Duterte can't be impeached over PH fishing rights

Jun 27, 2019 - 2:44 PM

'You cannot stop the President from doing measures or steps that, to his mind, are the correct way to obey the constitutional command to him to protect and serve the Filipino people,' says Presidential Spokesman Salvador Panelo

President Rodrigo Roa Duterte joins the Presidential Security Group (PSG) to celebrate its 122nd anniversary at the PSG Compound on June 26, 2019. YANCY LIM/PRESIDENTIAL PHOTO

Robredo refutes Duterte: EEZ is for 'exclusive use of Filipinos'

Jun 27, 2019 - 1:56 PM

Vice President Leni Robredo says it is unconstitutional to allow China to fish within the Philippines' Exclusive Economic Zone

'EXCLUSIVE.' Vice President Leni Robredo does not agree with President Rodrigo Duterte's view that he cannot stop the Chinese from fishing within the Philippines' EEZ. File photo by Charlie Villegas/OVP