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                    [Title] => PCC fines Grab P6.5 million over 'incorrect' data
                    [Summary] => The Philippine Competition Commission, an antitrust body, fined Grab Philippines P6.5 million for submitting “deficient, inconsistent, and incorrect data” for the monitoring of its "compliance with its voluntary commitments."


                    [DatePublished] => 2019-01-25 13:13:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1805964
                    [AuthorName] => Ryan Macasero
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2019/01/25/grab-2018-07-1221-06-45_2019-01-25_12-59-49209_thumbnail.jpg
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                    [ArticleID] => 1856359
                    [Title] => BSP: Mergers to further strengthen Philippine banks
                    [Summary] => he ongoing mergers and consolidation between the country’s biggest banks and their thrift banking arms are seen to further strengthen the Philippine banking industry, according to the Bangko Sentral ng Pilipinas said.
                    [DatePublished] => 2018-10-02 00:00:00
                    [ColumnID] => 0
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                    [SectionName] => Banking
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                    [ArticleID] => 1774614
                    [Title] => Sustained economic growth to drive more M&A, capital raising — FMIC
                    [Summary] => The sustained economic growth and rosy outlook for the country will prompt more mergers and acquisition and capital raising activities this year, according to First Metro Investment Corp.
                    [DatePublished] => 2018-01-05 00:00:00
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                    [ArticleID] => 618220
                    [Title] => Congress urged to create stricter anti-trust law
                    [Summary] => 
A private think tank has urged Congress to act against corporate practices that stifle free competition and create monopolies.
                    [DatePublished] => 2010-10-07 00:00:00
                    [ColumnID] => 133272
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                    [Title] => PDIC, BSP to harmonize bank merger rules
                    [Summary] => 
State-run Philippine Deposit Insurance Corp. (PDIC) has tied up with the Bangko Sentral ng Pilipinas (BSP) to expedite the evaluation process for mergers and acquisitions of banks to further strengthen the country’s financial system.
                    [DatePublished] => 2009-10-08 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1097197
                    [AuthorName] => Lawrence Agcaoili
                    [SectionName] => Business
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                    [Title] => ONB consolidation: An acid test?
                    [Summary] => 
One Network Bank (A Rural Bank) Inc. (ONB) has applied with the Bangko Sentral ng Pilipinas (BSP) for the consolidation of the Rural Bank of New Corella (Davao del Norte) Inc.
                    [DatePublished] => 2009-09-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Banking
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                    [ArticleID] => 445206
                    [Title] => More mergers among small banks expected
                    [Summary] => 
MANILA, Philippines - The Bangko Sentral ng Pilipinas (BSP) expects a rise in mergers and acquisition among small and medium-size banks as the unresolved financial crisis weeds out weaker institutions.
                    [DatePublished] => 2009-03-05 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
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                    [Title] => Bangko Sentral eyes various incentives for bank mergers
                    [Summary] => Merging banks will be given temporary relief from the risk asset ratio requirement of setting aside huge amounts of money as reserve from "sudden financial shocks."


According to the Bangko Sentral ng Pilipinas (BSP), that is just part of an incentive package that will be introduced to encourage new mergers and acquisition especially in the commercial banking sector.


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                    [ArticleID] => 98073
                    [Title] => Bank mergers cause massive retrenchments
                    [Summary] => The Department of Labor and Employment (DOLE) expressed alarm yesterday over massive retrenchments resulting from bank mergers for the first nine months of the year.


Labor Secretary Bienvenido Laguesma said that from January to September, the banking sector has recorded a total layoff of 4,729 workers, the highest so far in the industry.


Among the banks that have merged with other financial institutions were Solid Bank, Equitable PCI Bank, and Rizal Banking Corp. Solid Bank alone accounted for 1,924 retrenched workers.


                    [DatePublished] => 2000-12-02 00:00:00
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                    [Title] => PCC fines Grab P6.5 million over 'incorrect' data
                    [Summary] => The Philippine Competition Commission, an antitrust body, fined Grab Philippines P6.5 million for submitting “deficient, inconsistent, and incorrect data” for the monitoring of its "compliance with its voluntary commitments."


                    [DatePublished] => 2019-01-25 13:13:00
                    [ColumnID] => 0
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                    [AuthorName] => Ryan Macasero
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                    [Title] => BSP: Mergers to further strengthen Philippine banks
                    [Summary] => he ongoing mergers and consolidation between the country’s biggest banks and their thrift banking arms are seen to further strengthen the Philippine banking industry, according to the Bangko Sentral ng Pilipinas said.
                    [DatePublished] => 2018-10-02 00:00:00
                    [ColumnID] => 0
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                    [Title] => Sustained economic growth to drive more M&A, capital raising — FMIC
                    [Summary] => The sustained economic growth and rosy outlook for the country will prompt more mergers and acquisition and capital raising activities this year, according to First Metro Investment Corp.
                    [DatePublished] => 2018-01-05 00:00:00
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                    [Title] => Congress urged to create stricter anti-trust law
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                    [DatePublished] => 2010-10-07 00:00:00
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                    [Title] => PDIC, BSP to harmonize bank merger rules
                    [Summary] => 
State-run Philippine Deposit Insurance Corp. (PDIC) has tied up with the Bangko Sentral ng Pilipinas (BSP) to expedite the evaluation process for mergers and acquisitions of banks to further strengthen the country’s financial system.
                    [DatePublished] => 2009-10-08 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => Lawrence Agcaoili
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                    [ArticleID] => 502874
                    [Title] => ONB consolidation: An acid test?
                    [Summary] => 
One Network Bank (A Rural Bank) Inc. (ONB) has applied with the Bangko Sentral ng Pilipinas (BSP) for the consolidation of the Rural Bank of New Corella (Davao del Norte) Inc.
                    [DatePublished] => 2009-09-08 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Banking
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                    [ArticleID] => 445206
                    [Title] => More mergers among small banks expected
                    [Summary] => 
MANILA, Philippines - The Bangko Sentral ng Pilipinas (BSP) expects a rise in mergers and acquisition among small and medium-size banks as the unresolved financial crisis weeds out weaker institutions.
                    [DatePublished] => 2009-03-05 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] =>  Des  Ferriols
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                    [Title] => Bangko Sentral eyes various incentives for bank mergers
                    [Summary] => Merging banks will be given temporary relief from the risk asset ratio requirement of setting aside huge amounts of money as reserve from "sudden financial shocks."


According to the Bangko Sentral ng Pilipinas (BSP), that is just part of an incentive package that will be introduced to encourage new mergers and acquisition especially in the commercial banking sector.


                    [DatePublished] => 2002-06-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
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                    [URL] => 
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                    [ArticleID] => 98073
                    [Title] => Bank mergers cause massive retrenchments
                    [Summary] => The Department of Labor and Employment (DOLE) expressed alarm yesterday over massive retrenchments resulting from bank mergers for the first nine months of the year.


Labor Secretary Bienvenido Laguesma said that from January to September, the banking sector has recorded a total layoff of 4,729 workers, the highest so far in the industry.


Among the banks that have merged with other financial institutions were Solid Bank, Equitable PCI Bank, and Rizal Banking Corp. Solid Bank alone accounted for 1,924 retrenched workers.


                    [DatePublished] => 2000-12-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097338
                    [AuthorName] =>  Mayen Jaymalin
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abtest

PCC fines Grab P6.5 million over 'incorrect' data

By Ryan Macasero | January 25, 2019 - 1:13pm

The Philippine Competition Commission, an antitrust body, fined Grab Philippines P6.5 million for submitting “deficient,...

Business

BSP: Mergers to further strengthen Philippine banks

October 2, 2018 - 12:00am

he ongoing mergers and consolidation between the country’s biggest banks and their thrift banking arms are seen to further...

Banking

Sustained economic growth to drive more M&A, capital raising — FMIC

January 5, 2018 - 12:00am

The sustained economic growth and rosy outlook for the country will prompt more mergers and acquisition and capital raising...

Business

Congress urged to create stricter anti-trust law

October 7, 2010 - 12:00am

A private think tank has urged Congress to act against corporate practices that stifle free competition and create monopolies.

Business

PDIC, BSP to harmonize bank merger rules

By Lawrence Agcaoili | October 8, 2009 - 12:00am

State-run Philippine Deposit Insurance Corp. (PDIC) has tied up with the Bangko Sentral ng Pilipinas (BSP) to expedite the evaluation process for mergers and acquisitions of banks to further strengthen the country’s...

Business

ONB consolidation: An acid test?

By Ted P. Torres | September 8, 2009 - 12:00am

One Network Bank (A Rural Bank) Inc. (ONB) has applied with the Bangko Sentral ng Pilipinas (BSP) for the consolidation of the Rural Bank of New Corella (Davao del Norte) Inc.

Banking

More mergers among small banks expected

By Des Ferriols | March 5, 2009 - 12:00am

MANILA, Philippines - The Bangko Sentral ng Pilipinas (BSP) expects a rise in mergers and acquisition among small and medium-size banks as the unresolved financial crisis weeds out weaker institutions.

Business

Bangko Sentral eyes various incentives for bank mergers

By Ted P. Torres | June 25, 2002 - 12:00am

Merging banks will be given temporary relief from the risk asset ratio requirement of setting aside huge amounts of money as reserve from "sudden financial shocks." According to the Bangko Sentral ng Pilipinas...

Banking

Bank mergers cause massive retrenchments

By Mayen Jaymalin | December 2, 2000 - 12:00am

The Department of Labor and Employment (DOLE) expressed alarm yesterday over massive retrenchments resulting from bank mergers for the first nine months of the year. Labor Secretary Bienvenido Laguesma said that...

Business