Rizal Commercial Banking Corp. (RCBC) of bilyonaryo Helen Yuchengco Dee has lost one of its top directors.
Former Insurance Commission chief Adelita A. Vergel de Dios will resign from the RCBC board effective July 16 due to “health reasons.”
The 75-year old lawyer and certified public accountant has been on the board of RCBC since 2016.
De Dios used to sit on the board of Philippine Savings Bank and Great Pacific Life Assurance and was a former chairman of Malayan Insurance Company.
The Bangko Sentral ng Pilipinas (BSP) announced a reduction in both banks and non-banks’ reserve requirement ratios (RRR) to single-digit levels, effective from the end of June this year.
The banking sector witnessed a surge in the bad loan ratio in April, reaching a seven-month high of 3.41 percent.
US Treasury Secretary Janet Yellen said Wednesday it would not be surprising to see further consolidation in the banking sector, as some are experiencing pressure on earnings.
The Bangko Sentral ng Pilipinas (BSP), is set to introduce amendments to its foreign exchange (FX) regulations, allowing for the pre-termination of peso non-deliverable forwards (NDFs).
The OECD slightly raised its growth outlook for the world economy on Wednesday as inflation eases and China has dropped Covid restrictions, but it warned the recovery faces a “long road”.
Manny V. Pangilinan wanted the noontime show “Eat Bulaga!” to air on TV5 as early as a decade ago, TAPE Inc. chief financial officer Bullet Jalosjos has revealed.
The Bangko Sentral ng Pilipinas (BSP) announced a reduction in both banks and non-banks’ reserve requirement ratios (RRR) to single-digit levels, effective from the end of June this year.
The Department of Trade and Industry (DTI) has given e-commerce giants Shopee and Lazada 72 hours to explain why they allow fake and defective goods to be sold on their platforms.
The banking sector witnessed a surge in the bad loan ratio in April, reaching a seven-month high of 3.41 percent.
Sometimes, fashion synchronicity strikes in the most unexpected ways.
Kim and Atticus King sneaked out for a date night, leaving behind the demands of parenthood.
