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[ANALYSIS] Ease of doing business: Why is the PH rank plummeting?

Nov 08, 2018 - 9:30 AM

Under President Duterte's watch, we've gone down the global Doing Business ranking by 25 notches all in all – by far the largest decline in ASEAN

Philippines: bad for business, hotbed for journo murders | Evening wRap

Nov 02, 2018 - 8:48 PM

Watch the evening wRap with Quita Chuatico

PH slips 11 notches in World Bank's ease of doing business ranking

Nov 02, 2018 - 1:28 PM

The Philippine government rejects the findings, as Philippine finance and trade officials urge the World Bank to correct the 'inaccurate and understated findings'

Israel postpones demolition of Bedouin West Bank village

Oct 21, 2018 - 2:00 PM

(UPDATED) The International Criminal Court's chief prosecutor warns that Israel's planned 'evacuation by force' of the village could constitute a war crime

POSTPONED. This picture shows the village of Khan al-Ahmar in the Israeli-occupied West Bank on September 6, 2018. Photo by Ahmad Gharabli/AFP

[OPINION] To empower Asian clean energy ambitions, development banks must act now

Oct 20, 2018 - 5:00 PM

The inability to act today would mean irreparable damage to the lives of millions of Asians living in extremely climate-vulnerable regions

Phishing 101: How to spot and avoid phishing

Oct 19, 2018 - 3:03 PM

Phishing is an industry problem. Arm yourself with information to protect yourself and your money

Is Africa starting to choke on China's lending glut?

Oct 18, 2018 - 10:23 PM

China is the single largest bilateral financier of infrastructure in Africa, exceeding the combined total of the African Development Bank (ADB), the EU, International Finance Corporation, the WB and the G8 countries

WELCOME. File photo of China's President Xi Jinping applauding as he attends the Forum On China-Africa Cooperation - Round Table Conference at the Great Hall of the People in Beijing on September 4, 2018. Photo by Lintao Zhang/Pool/AFP

Nearly half the world lives on less than $5.50 a day – World Bank

Oct 17, 2018 - 4:35 PM

According to the report, the number of poor worldwide is still 'unacceptably high,' while the fruits of economic growth are 'shared unevenly across regions and countries'

Israel approves 31 settler homes in flashpoint Hebron – minister

Oct 14, 2018 - 8:46 PM

The upcoming Jewish neighborhood is the first to be constructed in 20 years

Seeds of next global financial crisis being sown, top officials warn

Oct 14, 2018 - 7:02 PM

The world economy is still growing but faces an 'unprecedented' combination of threats, the International Monetary Fund warns during an annual meeting with the World Bank

EXPERTS. International Monetary Fund Managing Director Christine Lagarde (C-front) poses with finance ministers and Central Bank governors during a group photo at the International Monetary Fund (IMF) and World Bank annual meeting in Nusa Dua, on Indonesia's resort island of Bali on October 13, 2018. Photo by Stephen Jaffe/International Monetary Fund/AFP

World Bank offers disaster-hit Indonesia $1 billion in loans

Oct 14, 2018 - 2:59 PM

World Bank CEO Kristalina Georgieva says the funds could be used for reconstruction and the country's disaster resilience efforts

AFTERMATH. A man walks past vehicle wreckage as a collapsed mosque is seen in the background in Palu, Indonesia's Central Sulawesi on September 30, 2018, following the September 28 earthquake and tsunami. Photo by Adek Berry/AFP

'Winter is coming,' Indonesian leader warns amid economic gloom

Oct 12, 2018 - 3:08 PM

Joko Widodo's offbeat reference to the wildly popular show draw applause from the audience attending the annual meetings of the International Monetary Fund and World Bank in Bali

'WINTER IS COMING.' Indonesia President Joko Widodo delivers his speech at the International Monetary Fund (IMF) and World Bank annual meetings in Nusa Dua, on Indonesia's resort island of Bali on October 12, 2018. Photo by Sonny Tumbelaka/AFP

[ANALYSIS] Upper-middle income Philippines by 2019: How true?

Oct 10, 2018 - 10:18 AM

If becoming an upper-middle income country was hard enough – it took us more than 3 decades to do that – becoming a high-income country (like Singapore or South Korea today) will be harder still

You want good quality teachers? Pay them right – World Bank expert

Oct 06, 2018 - 10:30 AM

World Bank education specialist Javier Luque says teachers' salaries should be similar to other professions that require the same level of training and dedication

SALARY RAISE. World Bank education specialist Javier Luque says salary increases help to ensure quality of teachers. File photo by Jose Del/Rappler

Persistent high inflation may slow down poverty reduction – World Bank

Oct 04, 2018 - 6:01 PM

World Bank Senior Economist Rong Quan says high inflation is hitting the poor harder as food and transport account for two-thirds of their expenses

World Bank downgrades 2018 Philippine economic outlook

Oct 04, 2018 - 2:19 PM

The World Bank says the Philippines' growth trajectory is positive but lower than expected

GROWTH. The World Bank cuts the growth forecast for the Philippines in 2018, but says the economy will remain strong in the coming years. Photo by Jire Carreon/Rappler


CEOs, managers bullish on banking sector, economy – Bangko Sentral poll

Oct 04, 2018 - 10:13 AM

The BSP survey, which covered 114 major banks, also reveals the eagerness of top executives in adopting financial technology as part of their business strategy

Elite North Korean hacker group tied to bank attacks

Oct 04, 2018 - 12:12 AM

A report by the cybersecurity firm FireEye says the newly identified group dubbed APT38 is the source of cyberattacks on global banks that has netted 'hundreds of millions' of dollars

Entrance exams needed in schools for teacher education – World Bank expert

Oct 03, 2018 - 6:28 PM

There should also be an exit exams, says World Bank senior education specialist Javier Luque in a forum organized by the Philippine Business for Education

POOR PERFORMANCE. Takers of the Licensure Examination for Teachers have been performing badly in the last 10 years. File photo by Joel Liporada/Rappler

Lucio Tan to merge PNB, PNB Savings Bank

Sep 28, 2018 - 8:18 PM

The banks, once merged would have an asset base of P932.7 billion

World Bank pitches ways to boost Philippine economic growth

Sep 27, 2018 - 2:35 PM

The Philippines is aiming to roar along with Asian tigers by 2040. To do this, the country needs to triple the gross domestic product per capita in two decades.

Families live in concrete pipes used as makeshift dwellings along a street in Manila on March 22, 2016.  Roughly one quarter of the nation's 100 million people live in poverty, which is defined as surviving on about one US dollar a day, according to government data. / AFP PHOTO / NOEL CELIS

ADB cuts Philippine growth forecast, expects inflation to hit harder

Sep 26, 2018 - 12:05 PM

The Asian Development Bank says it revised its outlook due to the weak agriculture sector, high inflation, and continued global monetary tightening

INFOGRAPHIC: How to protect yourself from bank fraud

Sep 24, 2018 - 8:57 PM

Be informed. Here’s how you can help your bank protect you from falling victim to fraud

Israel gives Bedouin villagers until end of month to leave

Sep 23, 2018 - 7:19 PM

The fate of Khan al-Ahmar has drawn international concern, with European countries calling on Israel not to move ahead with plans to demolish it

4 dead, including gunman, in Cincinnati bank shooting

Sep 06, 2018 - 10:55 PM

(4th UPDATE) Police identifies the gunman as 29-year-old Omar Perez. He is not immediately determined to have any connection to the bank.

U.S. cut in aid amounts to 'cheap blackmail,' Palestinians say

Aug 25, 2018 - 8:53 PM

'The rights of the Palestinian people are not for sale,' says a member of PLO's executive committee

TENT PROTEST. Palestinians gather at the site of a tent protest on April 8, 2018, on the Israel-Gaza border east of Rafah in the southern Gaza Strip. File photo by Said Khatib/AFP

Women mechanics break mold in Philadelphia's Girls Auto Clinic

Aug 20, 2018 - 9:03 AM

The garage with a fleet of women mechanics also has a nail salon for its predominantly female customers

Sandiganbayan settles row: Gov't owns coco levy fund, assets

Aug 09, 2018 - 3:46 PM

The Sandiganbayan's 2nd Division backtracks on its December 2017 ruling that further hearings should be held before it enforces the Supreme Court's decision

FIGHT FOR COCO LEVY. Coconut farmers drop by the Supreme Court during their 2014 march from Davao City to the Palace to demand a coconut levy trust fund. File photo by Rappler

Facebook asks big banks to share customer details

Aug 07, 2018 - 11:54 AM

The company asked US banks to share information about customers such as account balances and where purchases were made in order to develop new features on Messenger, the Wall Street Journal reports

FACEBOOK. In this file photo taken on March 22, 2018 a woman poses in front of a computer displaying the Facebook logo in Mill Valley, California on March 21, 2018.  File photo by Josh Edelson/AFP


Vietnam court jails 46 bankers, execs for loan scheme

Aug 06, 2018 - 5:59 PM

The latest bankers and executives jailed are accused of causing losses of more than $257 million in an elaborate lending scheme involving Vietnam's Construction Bank (VNCB)

PHAM CONG DANH. Pham Cong Danh (C, standing), former chairman of the joint stock Vietnam Construction Bank, stands trial along with former Ocean Bank chairman Ha Van Tham (2nd R, seated on first row) at the People's Court in Hanoi on August 28, 2017. File photo by Vietnam News Agency/AFP

BSP shuts down Batangas-based Tiaong Rural Bank

Aug 03, 2018 - 8:26 PM

Tiaong Rural Bank, Inc. is the 6th problmatic bank to be shut down this year

Bank guards involved in Metrobank Tuguegarao robbery

Aug 03, 2018 - 12:37 PM

Police arrive at the conclusion after reviewing CCTV footage

BANK ROBBERY. Police investigators inspect the entry point of the robbers of Metrobank Tuguegarao. Photos by Raymon Dullana/Rappler

Robbers wearing 'police camouflage' ransack Metrobank Tuguegarao

Aug 01, 2018 - 11:55 AM

This is the second robbery in the city this year

BANK ROBBERY. Police investigators inspect the entry point of the robbers of Metrobank Tuguegarao. Photos by Raymon Dullana/Rappler

Expert says DepEd's ALS 'not fully effective'

Jul 29, 2018 - 9:30 AM

World Bank education specialist Takiko Igarashi says the Alternative Learning System currently has low participation and passing rates

SATURDAY SCHOOL. An Alternative Learning System class is held in Muntinlupa City. Photo by Jee Geronimo/Rappler

COA hits 'out of cash' Landbank ATMs

Jul 22, 2018 - 9:25 PM

In its 2017 audit report, the Commission on Audit documents at least 268 Landbank automated teller machines 'continuously out of cash'

FAST FACTS: How Philippines' first food bank works

Jul 19, 2018 - 9:06 PM

Housed in Taguig, the Good Food Grocer feeds families in informal settlements and children in day care centers

The food bank offers an array of choices from partners. Photo from Rise Against Hunger Philippines

Regulator unveils plan to monitor cryptocurrency threat

Jul 16, 2018 - 9:17 PM

While the Financial Stability Board believes crypto-assets do not yet pose a material risk to global financial stability, it urges major economies to scrutinize cryptocurrencies due to a lack of solid data on their use

#ThewRap: Things you need to know, July 13, 2018

Jul 13, 2018 - 12:38 PM

Here are the stories you shouldn't miss this Friday

52.8 million Filipinos don't have bank accounts

Jul 12, 2018 - 7:08 AM

They say they don’t have enough money for that, according to a Bangko Sentral ng Pilipinas survey

Supreme Court OKs charges vs fake Legacy Bank insurance claimants

Jul 10, 2018 - 5:53 PM

The High Court’s 3rd division reverses a Court of Appeals decision that previously cleared spouses Manu and Champa Gidwani, who got more than the insured amount through 86 dummy claimants

Supreme Court of the Philippines in PAdre Faura on June 19, 2018. Photo by LeAnne Jazul/Rappler

Lawmaker urges banks to slash OFW remittance charges amid high inflation

Jul 07, 2018 - 1:05 PM

ACTS-OFW Representative Aniceto Bertiz III asks banks to cut charges on OFW remittances to 5%, from the current average of 10.57%

BPI postpones peso cash deposit, withdrawal fees to January 2019

Jul 04, 2018 - 7:45 PM

But 'fees for transactions other than peso deposits and withdrawals will take effect on September 1, 2018, as previously announced'

BPI to start charging for over-the-counter withdrawals, inter-regional deposits

Jul 02, 2018 - 8:00 PM

(UPDATED) BPI says it is postponing the implementation of having branch transaction fees for peso cash deposits and withdrawals to January 2019.

Photo by Alecs Ongcal/Rappler

Midas Marquez faces graft complaint over World Bank issue

Jul 02, 2018 - 12:10 PM

The complaint is filed by a private citizen named Rjhay Laurea, the same person who filed the opposition against Marquez’ candidacy for Supreme Court justice

COMPLAINT. Private citizen named Rjhay Laurea files a graft complaint against Court Administrator Midas Marquez at the Office of the Ombudsman on July 2, 2018. Photo by Rappler

PRESS RELEASE: Bust of Jose Rizal unveiled in Prague

Jun 27, 2018 - 5:05 PM

Rizal’s bust was created by Filipino sculptor Jose Giroy, apprentice of National Artist Napoleon V. Abueva

PRESS RELEASE: UnionBank issues final call for EMV migration by June 30

Jun 27, 2018 - 3:06 PM

The bank will deactivate all magnetic stripe cards by end of the month

RAW Deal: The post-Money in the Bank landscape

Jun 24, 2018 - 5:15 PM

The title could have gone to someone who needed the quick, powerful impact of a cash-in

GUARANTEED CONTRACT. Braun Strowman rules the men's Money in the Bank ladder match. Photo from WWE.com

Complainant opposes Midas Marquez' SC application, cites 'misused' World Bank funds

Jun 21, 2018 - 1:48 PM

Private citizen Rjhay Laurea files the opposition with the Judicial and Bar Council (JBC), which is screening Marquez and other applicants for Supreme Court Justice

Court Administrator Jose Midas Marquez during the Impeachment proceedings on Wednesday. Photo by DARREN LANGIT

RAW Deal: Depositing Money in the Bank 2018

Jun 17, 2018 - 4:08 PM

This may finally be the moment Shinsuke Nakamura wins the title he’s been chasing since January

SHOWDOWN. This year's Money in the Bank may go down as the most exciting yet. Photo from WWE.com

Bank schedules for June 12, Araw ng Kalayaan

Jun 11, 2018 - 5:25 PM

Bookmark this page for the operating hours of banks on Independence Day, a holiday