Phl banking system remained sound in 2017


By Rose de la Cruz


The Philippine banking system remained sound in 2017 with a positive performance despite volatilities in market conditions and increasing sophistication of global financial services.


The banking system, which is the core of the financial system of the country, strengthened their balance sheets with positive double -digit growths in assets, loans, investments, deposits and capital.


Banks sustained their profitability which came from strong interest income from lending activities. The banking system posted an annual asset expansion of 11.6 percent to P15.2 trillion driven by a 16.4 percent loan expansion to P8.9 trillion…

Read more: Phl banking system remained sound in 2017

BSP Approves Separate Credit Limits for Stand-Alone Projects


In support of the government's Build, Build, Build initiative, the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) amended regulations providing entities created as vehicles to implement major projects [often Special Purpose Entities (SPEs)] with a separate single borrower's limit (SBL).

The SBL is currently at 25 percent of a bank's/quasi-bank's (Q.B) net worth. Such SPEs were given their own separate SBL in consideration of the independence they usually enjoy under project finance schemes.

Under these schemes, SPEs are ring-fenced by appropriate legal structures, operational set up, and controls so that assets and cash flows of SPEs…

Read more: BSP Approves Separate Credit Limits for Stand-Alone Projects

 Local court convicts officers of closed rural bank in Camarines Sur


By Rose de la Cruz


The municipal trial court of CamaliganGainza-Milaor in Camarines Sur convicted the former directors and officers of a closed rural bank for falsification of commercial documents as defined and penalized under Article 172 of the Revised Penal Code and Section 35 of RA 7653 or the New Central Bank Act.


On March 8, 2018 in a Joint Judgment dated Jan. 31, 2018 promulgated by Presiding Judge Laurencio A. Puto of the MCTC-Camaligan-Gainza-Milaor, Camarines Sur, in Criminal Case No. 2638, Evelyn Cueto Ramirez was found guilty beyond reasonable doubt of the crime of Falsification…

Read more: Local court convicts officers of closed rural bank in Camarines Sur

Remittances up by 5.4% in February 2018



By Rose de la Cruz


Remittances of overseas Filipinos hit $2.5 billion in February, up by 5.4 percent from those sent during the same period last year, said Bangko Sentral Governor Nestor Espenilla Jr.


This brings the cumulative remittances for the first two months to $5.2 billion, or higher by 8.1 percent on a year on year growth.


Land-based workers with work contracts of one year or more recorded a 6.5 percent growth to $4 billion while those from sea-based and land-based workers with work contracts of less than one year…

Read more: Remittances up by 5.4% in February 2018



THE Philippines is developing inclusive innovation hubs to prepare our workers and allow them to adapt to technological advancements and prepare the Filipino workforce for future jobs that include artificial intelligence (AI). 

Trade Secretary Ramon M. Lopez unveiled the plan as the country prepares for the so-called “future of work” which was conceived during the recent CEO Forum held at the sidelines of ASEAN-Australia Special Summit.

The CEO Forum gathered ASEAN and Australian business leaders to discuss six main topics vital to deepening economic integration. 


Six topics

Six topics were discussed in separate CEO Forum Roundtables…


Like us in Facebook


Latest News

NEDA wants stronger push for exports

    By Rose de la Cruz     The National Economic and Development Authority wants a stronger and more aggressive push for Philippine exports to... Read More...
Japan remains top ODA source

    By Rose de la Cruz   Japan continues to be the main source of official development assistance of the Philippine government, where... Read More...
Bong still unsure of Senate run

Should he stay or should he go?  This is the question that Special Assistant to the President Christopher “Bong” Go is trying to answer and... Read More...
IMAGE In the know: Solar Philippines

Solar Philippines is currently the country’s – and Southeast Asia’s – largest solar-energy company. Founded in August 2013 by Leandro... Read More...
Wrong Dream Girl and Other Laughs

Wrong Dream GirlA FROG telephones the Psychic Hotline. His Personal Psychic Advisor tells him, "You are going to meet a beautiful young girl who will... Read More...
Confession Code and other laughs

Confession Code AN old priest who became sick of all the people in his parish who kept confessing to adultery said one Sunday, in the pulpit,"If I... Read More...

KAMAKAILAN ay tumawag ng atensyon ang plano ni Sen. Manny Pacquiao na maghain ng panukalang batas na naglalayon na isama bilang bahagi ng curriculum... Read More...

SUPORTADO nang ibat-ibang consumer group kabilang na ang Institute for Consumer Research and Empowerment (ICORE) ang panukalang dapat putulin na ang... Read More...

Our Guests

This week4956
This month13666

Visitor Info

  • Your IP:

Who Is Online


Saturday, 18 August 2018
© 2016 OpinYon News Magazine Online. All Rights Reserved.

Please publish modules in offcanvas position.