Market-based pricing for fund transfers pushed
MANILA, Philippines — The new pricing scheme for fund transfers should not arise from agreements and fixing among supervised financial institutions as cost analysis will be validated by the Bangko Sentral ng Pilipinas (BSP). The BSP has released the exposure draft on the establishment of a pricing mechanism for personal and qualifying merchant payment transactions. […]
Government urged to lower telco airwave fees to improve connectivity
MANILA, Philippines — The government should reform the country’s Spectrum User Fee (SUF) system as the current fee structure is hindering the growth of digital infrastructure and threatening to leave millions of Filipinos disconnected, according to consumer advocacy group CitizenWatch Philippines. SUFs impose substantial annual costs on telecommunications providers based on the frequency bandwidth they […]
‘Trade shocks tougher to handle than supply shocks’
Trade shocks pose a greater threat to emerging economies than traditional supply shocks, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. told global financial leaders at the International Monetary Fund-World Bank Group Spring Meetings in Washington. Source link
Where the wedding ring should be
Here’s an old story credited to anonymity. Something seemed to be wrong with this businessman. After talking with him, I finally figured out what was wrong. This businessman was wearing his wedding ring on his wrong finger. And so I asked, “I don’t mean to pry, but I noticed that you are wearing your wedding […]
Government urged to exclude sugar from ACAFTA negotiations
MANILA, Philippines — Industry groups have urged the government to exclude sugar from the ongoing negotiations for a prospective free trade agreement (FTA) between the Association of Southeast Asian Nations (ASEAN) and Canada. The Confederation of Sugar Producers Association (CONFED) and the Philippine Sugar Millers Association (PSMA) filed before the Tariff Commission (TC) their initial […]
SMC unit pursuing P89 billion hydropower projects
MANILA, Philippines — The power arm of tycoon Ramon Ang-led San Miguel Corp. is spending close to P89 billion to build two massive pumped storage hydropower (PSH) projects in Pangasinan and Benguet. San Miguel Global Power Holdings Corp. (SMGP) has proposed the development of the P46.29-billion San Roque West (SRW) PSH and the P42.37-billion San […]
The many faces of motherhood
Motherhood can be a journey filled with highs and lows, sacrifices and rewards — and for these five women in the business of movies and entertainment, it’s no different. This Mother’s Day, Maja Salvador, Zsa Zsa Padilla, Geneva Cruz, Ces Quesada and Nova Villa each share personal stories about what it means to take on […]
Pope Leo tells cardinals they must continue ‘precious legacy’ of Pope Francis
VATICAN CITY – Pope Leo XIV signaled on Saturday he would continue with the vision and reforms of Pope Francis, telling the world’s Catholic cardinals the late pontiff left a “precious legacy” that must carry on. In his first meeting with all the cardinals since his election as pontiff on May 8, Leo also asked the senior clerics to renew their commitment to […]
RCBC income climbs to P2.4 billion in 3 months
MANILA, Philippines — Rizal Commercial Banking Corp. (RCBC) saw its net income rise by 10 percent to P2.43 billion in the first quarter of 2025, driven by robust loan growth, higher interest income and expanding digital services. In a disclosure, the Yuchengco-led bank said gross revenues reached P14.7 billion from January to March, 20 percent […]
UnionBank, ATRAM Group finalize trust units’ merger
Union Bank of the Philippines has officially sealed a strategic partnership with the ATRAM Group, culminating in a merger of their respective trust operations to form what will become the fourth-largest private asset management firm in the country. Source link