daily menu » rate the banner | guess the city | one on oneforums map | privacy policy (aug.2, 2013) | DMCA policy | flipboard magazine

Go Back   SkyscraperCity > Asian Forums > Philippine Forums > Around the Philippines > The Economy, Industry and Development Issues

The Economy, Industry and Development Issues Current news and events with regards to the economy, industry and urban development issues

View Poll Results: ..
.. 0 0%
.. 0 0%
.. 0 0%
.. 0 0%
Voters: 0. You may not vote on this poll

Reply
 
Thread Tools
Old February 13th, 2012, 05:23 PM   #521
coldfire083
Registered User
 
Join Date: Jul 2009
Posts: 122
Likes (Received): 90

tanong lang... kapag meron akong 40,000 pesos na time deposit since 1992 gaano na ito kalaki ngayon?
coldfire083 no está en línea   Reply With Quote

Sponsored Links
 
Old February 14th, 2012, 05:39 AM   #522
amigo32
Proud kana dyan
 
amigo32's Avatar
 
Join Date: Apr 2005
Location: Boondocks
Posts: 8,364
Likes (Received): 1437

anong banko ba yan? LBC bank ba o Metro Bank
__________________
Sent from my expensive 286 PC on a high-speed dial up internet, running windows 3.11

Video caching helps me save bandwidth
VoIP server is now up and running***!
My computer retail store opening soon!
amigo32 no está en línea   Reply With Quote
Old February 14th, 2012, 06:50 AM   #523
coldfire083
Registered User
 
Join Date: Jul 2009
Posts: 122
Likes (Received): 90

Quote:
Originally Posted by amigo32 View Post
anong banko ba yan? LBC bank ba o Metro Bank
Sabihin na nating Metrobank, gaano na kaya kalaki? Ayaw ko sa PSBank

Last edited by coldfire083; February 14th, 2012 at 09:43 AM.
coldfire083 no está en línea   Reply With Quote
Old February 14th, 2012, 07:03 AM   #524
Ady001
Registered User
 
Ady001's Avatar
 
Join Date: Jun 2006
Location: DC/QC/MKT
Posts: 1,987
Likes (Received): 109

I can't say which bank. Kung rural, mataas siguro ang interes pero flopchina siguro dating niyan.
__________________
We have to get better
__________________
Studying lex, always the same as, if better than sex
Ady001 no está en línea   Reply With Quote
Old February 14th, 2012, 10:38 AM   #525
amigo32
Proud kana dyan
 
amigo32's Avatar
 
Join Date: Apr 2005
Location: Boondocks
Posts: 8,364
Likes (Received): 1437

banks have different rates
ito BPI
http://info.bpiexpressonline.com/bpi...eDepositRates2
__________________
Sent from my expensive 286 PC on a high-speed dial up internet, running windows 3.11

Video caching helps me save bandwidth
VoIP server is now up and running***!
My computer retail store opening soon!
amigo32 no está en línea   Reply With Quote
Old February 22nd, 2012, 02:56 AM   #526
xyriellewest
'Life in the fast-lane'
 
xyriellewest's Avatar
 
Join Date: Feb 2012
Location: Taguig City
Posts: 21
Likes (Received): 0

Bank assets up 6.4% to P7.5 T

MANILA, Philippines - Resources of the country’s banking sector hit a new record level of P7.501 trillion as of end-November last year, a 6.4-percent or P449-billion increase from the P7.052 trillion booked in the same period in 2010, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.

Total resources of universal and commercial banks expanded by 7.1 percent to P6.721 trillion as of end-November last year from P6.271 trillion in the same period in 2010. The industry accounted for about 90 percent of the country’s total banking assets.

Assets of thrift, savings, and mortgage banks amounted to P595.72 billion as of end-November or P2.63 billion lower than the year-ago level of P598.35 billion

The BSP traced the increase in the assets of banks operating in the Philippines to the rising deposit base of the industry.

“The increase could be traced to the growth in currency and deposits, indicative of the public’s continued trust in the banking sector,” the BSP said.

Latest data from the BSP showed that peso-denominated savings and time deposits remained the primary sources of funds for banks, increasing by 7.3 percent to P3.9 trillion as of end-November last year from P3.6 trillion as of end-November 2010 as more Filipinos continued to save in the formal banking sector.

Continue reading here...
xyriellewest no está en línea   Reply With Quote
Old February 22nd, 2012, 03:12 AM   #527
xyriellewest
'Life in the fast-lane'
 
xyriellewest's Avatar
 
Join Date: Feb 2012
Location: Taguig City
Posts: 21
Likes (Received): 0

moved to education thread

Last edited by xyriellewest; March 12th, 2012 at 03:43 AM.
xyriellewest no está en línea   Reply With Quote
Old February 22nd, 2012, 04:08 AM   #528
Parchie
Registered User
 
Parchie's Avatar
 
Join Date: Jun 2010
Posts: 2,301
Likes (Received): 643

Quote:
Originally Posted by coldfire083 View Post
tanong lang... kapag meron akong 40,000 pesos na time deposit since 1992 gaano na ito kalaki ngayon?
Quote:
Originally Posted by amigo32 View Post
Lemme try.
Assuming it's BPI, your 40K CD will be around P58T @ 1.875% p.a.
__________________
"For want of a nail, the horse's shoe was lost. For want of a shoe, the horse was lost. For want of a horse, the rider was lost. For want of a rider, the battle was lost. And for want of a battle, the kingdom was lost." - George Herbert wrote in 1640. A small error leads to bigger ones and causes ships to sink!
Parchie no está en línea   Reply With Quote
Old February 22nd, 2012, 09:24 AM   #529
Ady001
Registered User
 
Ady001's Avatar
 
Join Date: Jun 2006
Location: DC/QC/MKT
Posts: 1,987
Likes (Received): 109

Quote:
Originally Posted by xyriellewest View Post
PHL senator urges reforms in Science, Math education

A veteran senator pushed anew for enhancing science and mathematics education in the Philippines to boost Filipinos' national competitiveness.
Senate education committee chairman Edgardo Angara made the call at a hearing on proposed curricular reforms to the Philippine basic education system.

“This issue of science and mathematics being taught at the earliest period of education is very important. If we’re going to do reforms, they have to be undertaken in the most critical areas. In this Internet-driven, information age, those areas are science, mathematics and engineering—whatever the pedagogy,” Angara said.

He lamented the Philippines has been falling behind in competitiveness tables due to its lack of technological capacity.
In turn, such a lack of technological capacity "goes back to our lack of a good science and math background,” he added.

Earlier, the Department of Education assured it is designing the new basic education curriculum to strengthen science education, amid criticisms about the prospect of science being dropped as a single subject in Grade I for school year 2012-2013.

The DepEd maintained science had not been taught separately in Grades 1 and 2 since the 1980s, although science concepts were "embedded" in subjects like languages and mathematics.

Angara said Dr. Dina Ocampo, Dean of the University of the Philippines College of Education, had said during a hearing that there are different models of delivering science education in the primary grades.
Ocampo added many schools do not offer science as a separate subject because many of them integrate related concepts in health.

Continue reading here...
This should be in the education thread... will repost...
__________________
We have to get better
__________________
Studying lex, always the same as, if better than sex
Ady001 no está en línea   Reply With Quote
Old February 22nd, 2012, 09:25 AM   #530
Ady001
Registered User
 
Ady001's Avatar
 
Join Date: Jun 2006
Location: DC/QC/MKT
Posts: 1,987
Likes (Received): 109

Quote:
Originally Posted by Parchie View Post
Lemme try.
Assuming it's BPI, your 40K CD will be around P58T @ 1.875% p.a.
I'd say too slow...

Veterans Bank I think have short-term deposit rates.
__________________
We have to get better
__________________
Studying lex, always the same as, if better than sex
Ady001 no está en línea   Reply With Quote
Old February 22nd, 2012, 03:03 PM   #531
amigo32
Proud kana dyan
 
amigo32's Avatar
 
Join Date: Apr 2005
Location: Boondocks
Posts: 8,364
Likes (Received): 1437

Quote:
Originally Posted by Ady001 View Post
I'd say too slow...

Veterans Bank I think have short-term deposit rates.
yeah, it's much better to invest it somewhere else.
__________________
Sent from my expensive 286 PC on a high-speed dial up internet, running windows 3.11

Video caching helps me save bandwidth
VoIP server is now up and running***!
My computer retail store opening soon!
amigo32 no está en línea   Reply With Quote
Old February 22nd, 2012, 03:09 PM   #532
Parchie
Registered User
 
Parchie's Avatar
 
Join Date: Jun 2010
Posts: 2,301
Likes (Received): 643

Quote:
Originally Posted by amigo32 View Post
yeah, it's much better to invest it somewhere else.
Words of caution: "banks with enticingly high rates are possibly banks in dire need to build up its reserves (or its reserves have been depleted beyond rescue)." If you see high rates of return, the risks will also be higher, e.g. bank managers could have issues on their finance management, opting to offer rates higher than what others are giving.
__________________
"For want of a nail, the horse's shoe was lost. For want of a shoe, the horse was lost. For want of a horse, the rider was lost. For want of a rider, the battle was lost. And for want of a battle, the kingdom was lost." - George Herbert wrote in 1640. A small error leads to bigger ones and causes ships to sink!
Parchie no está en línea   Reply With Quote
Old February 23rd, 2012, 02:54 AM   #533
Ady001
Registered User
 
Ady001's Avatar
 
Join Date: Jun 2006
Location: DC/QC/MKT
Posts: 1,987
Likes (Received): 109

Pero Veterans had always been there. Isn't it a government bank?

Anyhow, the SSS-loan-get-it-quick-before-someone-else-does has gotten me to thinking about putting it in a balanced conservative financial product. A cellphone can wait and depreciate but my paltry SSS loan will have to be wisely put in a good yielding financial product.
__________________
We have to get better
__________________
Studying lex, always the same as, if better than sex
Ady001 no está en línea   Reply With Quote
Old February 27th, 2012, 10:04 AM   #534
Fraulein
Registered User
 
Fraulein's Avatar
 
Join Date: Dec 2007
Location: City of Stars, Metro Manila
Posts: 1,769
Likes (Received): 17

Banks' NPL ratio improves in December

ABS-CBNnews.com

http://www.abs-cbnnews.com/business/...roves-december

MANILA, Philippines - The non-performing loans (NPL) ratio of universal and commercial banks improved to 2.23% by the end of December 2011 from the previous month's ratio of 2.39%.

The Bangko Sentral ng Pilipinas (BSP) said this was the lowest recorded NPL ratio for universal and commercial banks since the 1997 Asian financial crisis. The NPL ratio stood at 2.86% as of end- December 2010.

This comes after a 4.56% drop in NPLs to P71.94 billion in December, from P75.37 billion in November. There was also a 2.05% rise in total loan portfolio to P3.22 trillion in December from P3.15 trillion in November.
__________________
QUEZON CITY
The Richest City...City of New Horizons...Best City...City of Stars

My travel blog: http://thesimplertraveler.blogspot.com/
More Fun in the Philippines!
Fraulein no está en línea   Reply With Quote
Old March 12th, 2012, 03:38 AM   #535
xyriellewest
'Life in the fast-lane'
 
xyriellewest's Avatar
 
Join Date: Feb 2012
Location: Taguig City
Posts: 21
Likes (Received): 0

Phl can survive weak global demand - BSP

MANILA, Philippines - The Bangko Sentral ng Pilipinas (BSP) has identified four countervailing forces that would help the Philippines survive the weak global demand amid the fragile economic growth in advanced economies led by the US as well as the sovereign debt crisis in Europe.

BSP Governor Amando Tetangco Jr. said the country’s strong external payments position, resilient banking system, demographic dividends, and manageable inflation would serve as countervailing forces to offset weak global demand.

“The country enjoys three... no, four factors that have become countervailing forces to offset the slack in external demand that we now face (because of the volatile global market),” Tetangco stressed.

He pointed out that the favorable external sector dynamics would continue to be a source of strength for the Philippine economy.

He said sustained foreign exchange inflows, including remittances of overseas Filipinos and earnings from the business process outsourcing (BPO) sector have provided the BSP the opportunity to build up its international reserves.
Once the revitalized tourism program of the national government goes into full swing, Tetangco said the country’s external liquidity position would improve even more.

“This will further enhance the country’s self-insurance. The BSP maintains a policy of a market-determined exchange rate, with scope for official action only against excessive rate movements. With the varying effects of exchange rate movements on different economic sectors, this policy has proven to be most equitable and efficient for the overall economy,” he said.

The BSP sees the country’s gross international reserves (GIR) - the sum of all foreign exchange flowing into the country - hitting a new all time high of $79 billion this year from $75.3 billion last year. It also expects the balance of payments (BOP) surplus stabilizing at $2.8 billion this year from $10.9 billion last year. The BOP position refers to the difference of foreign exchange inflows and outflows on a particular period and represents the country’s transactions with the rest of the world.

The BSP chief also cited the country’s banking system that continued to remained stable amid the mounting challenges posed by the current global economic conditions.

Continue reading here...
xyriellewest no está en línea   Reply With Quote
Old April 27th, 2012, 04:52 AM   #536
Gcorneja
Registered User
 
Join Date: Sep 2010
Posts: 108
Likes (Received): 484

Export Bank under receivership.
__________________
"Didto sa amon..."
Gcorneja no está en línea   Reply With Quote
Old April 27th, 2012, 05:19 AM   #537
Bahay_Kubo
Internet Celebrity
 
Bahay_Kubo's Avatar
 
Join Date: Sep 2009
Location: Manila
Posts: 3,093
Likes (Received): 109

BSP says Export and Industry Bank closed, assures public banking system stable
April 27, 2012 9:01am


The Bangko Sentral ng Pilipinas on Friday ordered the closure of the Export and Industry Bank, even as it reassured the public the banking system remains stable.

BSP Deputy Governor Nestor Espenilla Jr. said the Monetary Board decided Thursday night to put the bank under receivership to protect its 50,000 depositors.

"Kagabi nagdesisyon ang Monetary Board na ilagay under receivership ang Export and Industry Bank. Sabi ng bangko... may malalaking depositor na hindi nila mabayaran... at sinabing mapilitan silang mag-bank holiday," Espenilla said in an interview on dzBB radio.

(The Monetary Board decided Thursday night to place the bank under receivership. The bank had advised the board they were expecting some big deposits but could not handle them and may be forced to go on a bank holiday today.)

He said the Monetary Board had also notified the Philippine Deposit Insurance Corp. (PDIC) about the bank's situation.

Espenilla said the PDIC will take over the bank, which he described as one of the country's smallest commercial banks with 50 branches, 30 of which are in Metro Manila.

He said the bank had submitted a rehabilitation plan earlier, and that the plan was approved.

But he said that with the closure order, "it's a different ballgame" now.

Espenilla said that at the time the bank was ordered closed, it had assets of P25 billion, or 0.3 percent of the P7 trillion in the Philippine banking system.


Assurance to depositors, public

Espenilla reassured depositors and the public the closure of the bank will not affect the banking system as a whole.

He said depositors have a PDIC insurance coverage of up to P500,000.

On the other hand, he maintained this is not expected to adversely affect the banking system, which he described as very liquid.

"Sa kabuuan matatag ang banking system (Overall, the Philippine banking system is very resilient)," he said.

The Export and Industry Bank is a result of the merger of Urban Bank, Incorporated and Unbancorp Investment, Incorporated.
Bahay_Kubo no está en línea   Reply With Quote
Old April 29th, 2012, 08:11 AM   #538
the glimpser
Asean Urbanite
 
Join Date: May 2009
Location: Singapore, Manila
Posts: 1,214
Likes (Received): 42

Standard Chartered plans to stay in PH for good

Quote:
British bank Standard Chartered, the longest serving foreign bank in the Philippines, has done business in the country through World Wars, economic cycles and political upheavals over the last 140 years.

It has been around to serve key people in history like national hero Jose Rizal, who used its banking services when he was a student in Europe.

Top bank officials believe that more than ever, the Philippines today has the potential to enter a new growth phase.

And after over a century of being here, Stanchart is keen on remaining an integral part of the Philippine growth story.

“What’s different for the Philippines now is the renewed sense of confidence that the political climate is stable, that the current administration has the right intents and desires and I think fiscal position of Philippines is very strong and the balance sheet is very strong,” Stanchart Philippines chief executive officer Mahendra Gursahani says in an interview with Inquirer.

“The conditions internally all point to a period where if the execution is in the manner that the government intends, then we should see a period of growth that is perhaps unprecedented,” he adds.

Mahendra says business process outsourcing and remittances would continue to help the Philippine economy grow while other new growth drivers like tourism may become more significant in the future.

He notes that the entertainment city being developed by the government through the Philippine Amusement and Gaming Corp. is part of this effort to boost tourism. “Mining obviously remains to be one that has a huge potential but it also fraught with challenges,” he says.

In the Philippines, Stanchart is operating at its full capacity of six branches, the maximum number allowed by the Bangko Sentral ng Pilipinas. It employs close to 500 people domestically but overseas, about 400 Filipinos are employed in its international network.

Mahendra says this is already an “impressive number” but the bank would like to see this number grow even further.

“Our intent will be to use the Philippines as a good training laboratory, where we can get good talent here, with a view to getting them to contribute to our agenda in the Philippines but also with an eye to creating an international career,” Mahendra says.

To mark its 140th year in the Philippines, the bank wanted to do something meaningful.

Thus during the gala night on March 26, Jaspal announced a $1-million donation to the cause of eliminating curable blindness through a partnership with CBM/Cataract Foundation of the Philippines.
http://business.inquirer.net/56339/s...in-ph-for-good
the glimpser no está en línea   Reply With Quote
Old April 30th, 2012, 03:38 PM   #539
the glimpser
Asean Urbanite
 
Join Date: May 2009
Location: Singapore, Manila
Posts: 1,214
Likes (Received): 42

Quite old article but wasn't posted..

Citi may relocate some overseas units to PH
03/28/2012

Quote:
MANILA, Philippines - American banking giant Citibank NA is planning to relocate some of its overseas operations to the Philippines on the back of the country’s sound macroeconomic fundamentals and skilled workforce.

The Philippines is one of the key markets in the region where Citi has a strong legacy of success since 1902 and is the country’s largest foreign banks in terms of customers, assets, revenues, and domestic branches.

He added that Citi has consistently ranked among the top five commercial banks in terms of profitability and top 10 in terms of assets, deposits, and loans.

Citi currently employs close to 6,000 workers in the Philippines half of which are within the group’s banking operations while the other half is working for its business process outsourcing (BPO) business.

The Philippines serves as Citi’s regional hub for Citi Shared Services (CSS), Citi Employee Service (CES), Asia Pacific Credit Risk Management services and analysis, Asia Pacific Compliance Center of Excellence, and Citi Center for Advanced Learning.

The CSS is its global processing center performing financial reporting operations and payment services, supporting 92 countries across the Americas, Asia Pacific, Japan, Europe, Middle East, and Africa while the CES is its regional processing center for employee data, HR Administration and payroll services for 62 countries across the Asia Pacific, Japan, Europe, Middle East, and Africa,

Citi Business Process Solutions is another Philippine-based entity which provides BPO, sales, service, collections, credit operations and back office operations for various Citi entities around the globe including Australia, the United States and Guam. CBPS set up the regional CitiPhone Command Center serving 12 countries in Asia Pacific through workforce management, planning and scheduling initiatives.
http://www.abs-cbnnews.com/business/...rseas-units-ph
the glimpser no está en línea   Reply With Quote
Old May 12th, 2012, 12:56 PM   #540
the glimpser
Asean Urbanite
 
Join Date: May 2009
Location: Singapore, Manila
Posts: 1,214
Likes (Received): 42

A bank that can go anywhere, anytime, and fits in the pocket

Quote:
Citibank has unveiled – its complete suite of Mobile Banking Applications for today’s widely popular smartphones such as iPhone, Blackberry and Android phones.

Through the free downloadable app, clients have full access to any of their accounts to view their balance, recent transactions, credit limit, etc., Lim said.

Paying utility bills and transferring funds between accounts has also become a breeze because the app is available anytime and anywhere, she said.

Melissa Henson, Vice President, eBusiness Regional Consumer Bank, said that their app has had over 5,000 downloads since it was launched a few months ago with most of the downloads being made from iPhones.
http://business.inquirer.net/58985/a...-in-the-pocket
the glimpser no está en línea   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT +2. The time now is 06:58 AM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
Feedback Buttons provided by Advanced Post Thanks / Like v3.2.5 (Pro) - vBulletin Mods & Addons Copyright © 2014 DragonByte Technologies Ltd.

vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2014 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us | privacy policy | DMCA policy

Hosted by Blacksun, dedicated to this site too!
Forum server management by DaiTengu