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Banks’ profitability seen to improve in coming year

The country’s banks are expected to post higher profits in the coming year and a half, thanks to the availability of cheap cash that would allow the sustained expansion of lending, further supported by the stable economic environment.

Posted: November 24th, 2014 in Editor's Pick,Headlines | Read More »

Banks to adopt new technology on credit cards

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Banks have now been allowed to develop their own technology that can ensure the security of their clients’ “plastic” transactions, in line with efforts to minimize fraud in the country.

Posted: November 24th, 2014 in Headlines | Read More »

Languishing retirement fund law gets BSP boost

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Bangko Sentral ng Pilipinas.  INQUIRER.net FILE PHOTO

The implementation of a six-year-old law that would make it easier for ordinary citizens to put up retirement funds came one step closer last week, as regulators approved yet another set of rules for investment managers.

Posted: November 24th, 2014 in Headlines,Latest Business Stories | Read More »

BSP: Favorable sentiment may bolster economy’s performance

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skyline l-2

Businesses expect to make more money and hire more people in the current quarter of the year as the government speeds up the rollout of infrastructure projects, bolstering private sector confidence along the way.

Posted: November 22nd, 2014 in Editor's Pick,Headlines,Latest Business Stories | Read More »

PH seen posting balance of payments deficit

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Bangko Sentral ng Pilipinas.  INQUIRER.net FILE PHOTO

Projections for the country’s transactions with the rest of the world have been revised, given weaker-than-expected investment inflows and the clogging at Manila’s ports that slowed down the importation of goods.

Posted: November 22nd, 2014 in Editor's Pick,Headlines,Latest Business Stories | Read More »

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