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Keisha Ta-Asan
Keisha Ta-Asan
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Maya disburses P92 billion in loans
by Keisha Ta-Asan - January 16, 2025 - 12:00am
Digital lender Maya Bank has disbursed over P92 billion in loans since its launch in 2022, driven by innovative integration of banking and payments, advanced technology and a customer-centric approach.
UBS retains securities, investment arms in Philippines
by Keisha Ta-Asan - January 16, 2025 - 12:00am
While it has closed its representative office in the Philippines, UBS AG said that it would continue to operate in the country through its two licensed entities – UBS Securities Philippines and UBS Investments...
DOF resolves issues on tax shares of LGUs
by Keisha Ta-Asan - January 16, 2025 - 12:00am
In a dialogue with city mayors yesterday, Finance Secretary Ralph Recto addressed concerns on the computation of national tax allotment shares for local government units.
Banks’ bad loans ratio eases to 3.5%
by Keisha Ta-Asan - January 16, 2025 - 12:00am
The asset quality of the Philippine banking industry continued to improve as the non-performing loan ratio of banks declined to a two-month low of 3.54 percent in November last year from 3.6 percent a month ag...
Remittances sink to six-month low
by Keisha Ta-Asan - January 16, 2025 - 12:00am
Money sent home by Filipinos abroad amounted to $3.12 billion in November last year, the lowest level in six months despite the holiday season, according to the Bangko Sentral ng Pilipinas.
UBS shuts down representative office in Philippines
by Keisha Ta-Asan - January 15, 2025 - 12:00am
Swiss banking giant UBS AG has officially closed its representative office in the Philippines, the Bangko Sentral ng Pilipinas (BSP) announced.
‘Peso may breach 60:$1 threshold’
by Keisha Ta-Asan - January 15, 2025 - 12:00am
The peso may breach the critical 60 to $1 threshold if the policies of Donald Trump when he assumes the US presidency surprise global markets, according to BMI Country Risk & Industry Research.
BIR surpasses collection target, 1st time in 20 years
by Keisha Ta-Asan - January 15, 2025 - 12:00am
The Bureau of Internal Revenue has achieved a landmark success by surpassing its P2.85-trillion collection target for 2024, a goal set by the Development Budget Coordination Committee in March last year.
DOF assures transparency in LGU tax allotments
by Keisha Ta-Asan - January 14, 2025 - 12:00am
The Department of Finance has reaffirmed its commitment to transparency and adherence to the Supreme Court’s Mandanas-Garcia ruling in determining the national tax allotmentshares for local government uni...
BPI sees robust growth this year
by Keisha Ta-Asan - January 14, 2025 - 12:00am
Ayala-led Bank of the Philippine Islands expects a stronger revenue performance in 2025, with a budget targeting double-digit growth, driven by robust economic prospects and strategic investments.
Landbank eyes fresh funds via debt market
by Keisha Ta-Asan - January 14, 2025 - 12:00am
State-run Land Bank of the Philippines is preparing to access the debt markets to raise at least P10 billion this year via the issuance of bonds, expanding its green and sustainability portfolios, its top official...
DBP seeks extension of BSP regulatory relief
by Keisha Ta-Asan - January 13, 2025 - 12:00am
The Development Bank of the Philippines will seek an extension of regulatory relief from the Bangko Sentral ng Pilipinas after contributing P25 billion to the Maharlika Investment Fund.
PDIC chief allays concerns over deposit insurance fund
by Keisha Ta-Asan - January 13, 2025 - 12:00am
The Philippine Deposit Insurance Corp. has reassured the public that its Deposit Insurance Fund remains adequate even after the Marcos administration reallocated P107.23 billion of the DIF to support economic growth...
5 nabbed for turning P10 coins into rings – BSP
by Keisha Ta-Asan - January 13, 2025 - 12:00am
Authorities from the Bangko Sentral ng Pilipinas and local police have arrested five members of a group allegedly making rings out of P10 coins, a practice that undermines the value and integrity of the country’s...
‘Philippines faces limited fiscal, monetary support’
by Keisha Ta-Asan - January 12, 2025 - 12:00am
The Philippines is expected to receive minimal support from fiscal and monetary policies in 2025 as the government prioritizes post-pandemic debt consolidation, while interest rate cuts remain too modest to significantly...
‘Philippines banks poised for growth, innovation in 2025 and beyond’
by Keisha Ta-Asan - January 12, 2025 - 12:00am
The Bangko Sentral ng Pilipinas expressed confidence in the banking system’s resilience and potential, highlighting the industry’s strong performance in 2024 and its optimistic outlook for the years...
Philippines, Japan renew bilateral currency swap deal
by Keisha Ta-Asan - January 12, 2025 - 12:00am
The Philippines and Japan have renewed an agreement to trade one currency for another at a preset rate over a given period.
BSP considering subscription fee on digital transactions
by Keisha Ta-Asan - January 11, 2025 - 12:00am
The Bangko Sentral ng Pilipinas is considering a fixed subscription fee model for digital transactions as an alternative to the current per-transaction fee structure, according  to BSP Governor Eli Remolona...
Philippines current account deficit seen rising in next 2 years
by Keisha Ta-Asan - January 11, 2025 - 12:00am
Nomura Global Markets Research has raised its current account deficit (CAD) forecast for the Philippines over the next two years, citing external pressures expected to weigh on the country’s economy.
Credit growth rises to near 2-year high
by Keisha Ta-Asan - January 11, 2025 - 12:00am
Loans disbursed by big banks accelerated to their highest level in nearly two years, fueled by strong growth in credit for both production activities and consumer borrowing, the Bangko Sentral ng Pilipinas...
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