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October 12, 2018 2:59 AM LOOK: Ogie, Regine instructed by their son Nate to count his savings

Ogie Alcasid and Regine Velasquez may be two of the country’s top performers, but they never forget they are loving parents too to their son, Nate. The singers looked really happy doing a favor for their unico hijo by counting his hard-earned savings, as seen in Velasquez’s Instagram post on Thursday. “Kami ay napag utusang bilangin ang ipon ni Boo (We were tasked 84

September 28, 2018 10:10 AM Lucio Tan to merge PNB, PNB Savings Bank

The banks, once merged would have an asset base of P932.7 billion MANILA, Philippines – Lucio Tan is merging the Philippine National Bank (PNB) with the PNB Savings Bank to strengthen the Tan group's consumer lending business. Tan disclosed to the Philippine Stock Exchange on Friday,September 28, that PNB's board of directors approved the acquisition 134

August 21, 2018 10:29 AM June borrowing up 224.87%

Borrowings by the Philippine government surged to PHP153.291 billion in June 2018 due to the issuance of retail treasury bonds (RTB). Bureau of the Treasury (BTr) data showed that last June’s borrowing is 224.87 percent higher than the PHP47.185 billion in June 2017, and is more than thrice the previous month’s PHP50.509 billion financing. Of the total 94

August 16, 2018 11:06 AM RCBC Savings Bank chief likens role to orchestra 'conductor'

For the boss of RCBC Savings Bank, managing a business is a lot like overseeing an orchestra. "I liken a boss to a conductor, a conductor who would like to ensure that the team is playing good music," said Rommel Latinazo, RCBC president and CEO. Latinazo said this wasn't an easy task when you have 2000 different people with 2000 different personalities 93

August 9, 2018 9:20 PM PSBank net jumped 14.7% in first 6 months

Metrobank group’s thrift banking arm, Philippine Savings Bank, grew its net profit in the first semester by 14.7 percent year-on-year to P1.35 billion on higher earnings from lending and fee-based businesses. Net interest income in the first six months improved by 8.8 percent year-on-year to P5.85 billion in the first six months as the bank expanded 68

July 24, 2018 9:50 AM PRIB: Senate approves bills creating, upgrading hospitals

The Senate has approved on third and final reading several bills seeking to create, rename and upgrade hospital facilities to improve the delivery of basic health services in the country. Senator Joseph Victor Ejercito, chair of the Senate Committee on Health and Demography, said the passage of Senate Bill No. 1586 would establish a new hospital in Region 113

July 18, 2018 12:03 AM Boeing gets $3.9 billion contract for new Air Force One jets

WASHINGTON -- Boeing Co has received a $3.9 billion contract to build two 747-8 aircraft for use as Air Force One by the US president, due to be delivered by December 2024 and painted red, white and blue, officials said on Tuesday. The Pentagon announced the decision on Tuesday, saying Seattle-based Boeing's previously awarded contract for development 95

July 17, 2018 9:12 PM PSBank seeks to raise P15B

Philippine Savings Bank, the thrift bank arm of the Metrobank group, plans to raise up to P15 billion from an offering of high-yielding deposits. PSBank has obtained the Bangko Sentral ng Pilipinas’s (BSP) approval for its plan to issue these long-term negotiable certificates of time deposits (LTNCDs). The bank’s board earlier approved the LTNCD issuance 49

July 11, 2018 6:03 AM Filipinos saved more, borrowed less in 2017: BSP study

MANILA -- Filipino adults saved more and borrowed less in 2017, according to a Bangko Sentral ng Pilipinas study which showed a "moderate improvement" in the number of Filipinos with formal accounts. The percentage of adults with savings rose to 48 percent from 43 percent in 2015. Incidence of borrowing during the same period shrunk to 22 percent from 47 percent 80

July 8, 2018 9:02 PM Cash-strapped qc public school teachers seek dialogue with mayor

Public school teachers in Quezon City reiterated their call for a dialogue with Mayor Herbert Bautista over the delayed release of their supplemental monthly allowance from the city government. The Quezon City Public School Teachers Association (QCPSTA) said that it had been trying to talk to Bautista to no avail. On Friday, around 1,000 city school 43