Bilyonaryo - Money

Teddy Limcaoco named as BAP’s new president

March 29, 2023

Bilyonaryo.com

Bank of Philippine Islands’ chief executive Jose Teodoro K. Limcaoco, has been elected as the new president of the Bankers Association of the Philippines (BAP), replacing East West Banking Corp. vice chair Antonio Moncupa Jr.

Limcaoco emphasized that the banking industry must be a force of stability and growth to keep the country’s economy progressing amid renewed challenges from global economic headwinds.

Other officers elected for the term 2023-2024 include Lynette V. Ortiz, CEO of Standard Chartered Bank as 1st Vice President, Eugene S. Acevedo,pPresident and CEO of Rizal Commercial Banking Corporation as 2nd Vice President, Edwin R. Bautista, president and CEO of Union Bank of the Philippines as treasurer, and Michelangelo R. Aguilar, President and CEO of Bank of Commerce as secretary.

The BAP’s new leadership team is poised to steer the banking industry towards greater heights and contribute to the growth of the Philippine economy.

Related News Tags: Antonio Moncupa Jr., Bank of Philippine Islands, Bankers Association of the Philippines (BAP), Jose Teodoro K. Limcaoco

Trust holdings in Philippine banks surge to P3.95 trillion as of end-March

The trust and investment management business of the Philippine banking system experienced a 6.24 percent growth, reaching P3.95 trillion by the end of March, according to data from the Bangko Sentral ng Pilipinas (BSP).

HSBC anticipates P360.1 billion surge in financial system as BSP lowers RRR

British Bank HSBC expects the Bangko Sentral ng Pilipinas (BSP) to absorb approximately P360.1 billion in fresh funds that will enter the financial system by the end of June.

China inflation stays low as growth sputters

Chinese inflation came in flat again in May, official figures showed Friday, as the country’s economy sputters owing to softening demand and falling exports, leading to calls for a rate cut and a bigger government stimulus.

US banks look to cut ties with UK hedge fund after sex assault claims

JPMorgan Chase and Morgan Stanley are mulling cutting ties with British hedge fund boss Crispin Odey after allegations of sexual assault, sources familiar with the matter told AFP on Thursday.

UK clamps down on cryptocurrency sector

Britain’s financial regulator on Thursday tightened rules over the promotion and selling of cryptocurrency as it seeks to protect consumers.

Trust holdings in Philippine banks surge to P3.95 trillion as of end-March

HSBC anticipates P360.1 billion surge in financial system as BSP lowers RRR

China inflation stays low as growth sputters

US banks look to cut ties with UK hedge fund after sex assault claims

UK clamps down on cryptocurrency sector

BIR advises taxpayers to seek alternative ePAY solutions as GCash halts tax payments

BSP slashes RRR to single-digit to stimulate economic growth

NPLs on the rise: Banks grapple with mounting challenges as borrowers face payment difficulties

Yellen says more US bank consolidation is possible

Recommended from

→ Abogado
Remulla dismisses bribery claim by Teves camp: Baloney!

→ Abogado
Muntinlupa RTC told by OCA to resolve de Lima case in 9 months

→ Politiko
Marcos to DOH chief Herbosa: Prevent HIV in young Pinoys

→ Politiko
Anong meron? Lawmakers puzzled by Sara Duterte’s reaction to GMA’s demotion

→ Bankero
Analysts predict “Hold” stance on rates from BSP until Mid-2024, anticipate RRR reduction

Trust holdings in Philippine banks surge to P3.95 trillion as of end-March

HSBC anticipates P360.1 billion surge in financial system as BSP lowers RRR

British Bank HSBC expects the Bangko Sentral ng Pilipinas (BSP) to absorb approximately P360.1 billion in fresh funds that will enter the financial system by the end of June.

NAIA privatization update: Manila International Airport consortium’s offer and DOTr’s PPP model under evaluation

The Manila International Airport Consortium’s unsolicited offer of over P100 billion to enhance and revitalize the Ninoy Aquino International Airport (NAIA) remains active, despite the Department of Transportation (DOTr) submitting a solicited Public-Private Partnership (PPP) model to the National Economic and Development Authority (NEDA).

Only 7 flights affected: MIAA downplays June 9 power glitch

The Manila International Airport Authority (MIAA) issued a public apology after a power outage occurred at the Ninoy Aquino International Airport (NAIA) on Friday, June 9.

EEI penalized for breaching PSE rules

EEI Corp., a construction giant partly owned by the Yuchengcos, has been penalized by the Philippine Stock Exchange (PSE) for non-compliance with the consolidated listing and disclosure rules.