by ev3v4hn | May 23, 2020 | Business News
With a major shift to digital transactions inevitable amid COVID-19-induced physical distancing restrictions, the government will soon launch a branchless bank catering to Filipinos abroad as well as a pilot issuance of electronic receipts. “Land Bank of the Philippines has made good on its commitment to have the country’s first-ever digital-only, branchless bank up and […]
by ev3v4hn | May 14, 2020 | Business News
The country’s biggest airlines are urging lawmakers to include loan guarantees for their industry in a proposed stimulus bill to support sectors devastated by the coronavirus pandemic. Roberto Lim, vice chair of the Air Carriers Association of the Philippines (Acap),...
by ev3v4hn | May 12, 2020 | Business News
Philippine banks lent out money at a quicker pace in March in step with the central bank’s moves to pump the local financial system with cheap funds and buttress the economy, the Bangko Sentral ng Pilipinas said on Tuesday (May 12). In a statement, the regulator said...
by ev3v4hn | May 7, 2020 | Business News
The Land Bank of the Philippines (LBP) has already released P24.7 million in cash aid to overseas Filipino workers (OFWs) displaced by the COVID-19 pandemic . In a statement on Thursday (May 7), the state-run lender said that as of last Tuesday (May 5), 2,468 OFWs...
by ev3v4hn | May 7, 2020 | Business News
LONDON — The Bank of England has warned that the British economy could be nearly a third smaller by the end of the first half of this year than it was at the start of it as a result of the coronavirus pandemic. In forecasts published Thursday, the bank said the...
