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PDIC’s role in EIB rehab

THIS IS in relation to Raul J. Palabrica’s column, titled “Hopeful bank rehabilitation” (Business, 3/21/14), on the rehabilitation of the closed Export and Industry Bank (EIB).

Posted: March 29th, 2014 in Inquirer Opinion,Letters to the Editor | Read More »

Big ideas, little loans

The Grameen Bank, which extends small loans to the poor without requiring collateral, is a godsend for impoverished families in Bangladesh. Founded in 1976, the bank (Grameen is “village” in the native tongue) has a simple philosophy: Offer small loan amounts for start-up businesses, make sure that loans are used for what they are intended and that payments are made (peer pressure is often employed in communities). Through the innovative concept of microfinancing, the Grameen Bank has gone on to help the poorest of the poor in Bangladesh. It was made an independent bank by law in 1983, with 90 percent owned by its borrowers and 10 percent by the government.

Posted: March 2nd, 2014 in Editor's Pick,Editorial,Featured Columns,Featured Headline,Inquirer Opinion | Read More »

Rural banking leaner but healthier than ever

This letter is to correct the misconceptions that the Aug. 13 editorial “Rural banking woes” may have created among Inquirer readers.

Posted: August 18th, 2013 in Inquirer Opinion,Letters to the Editor | Read More »

Rural banking woes

Last Aug. 1, the Bangko Sentral ng Pilipinas ordered the closure of another rural bank—the Rural Bank of San Jose del Monte in Bulacan—due to insolvency.

Posted: August 12th, 2013 in Editor's Pick,Editorial | Read More »

Why PDIC shifted to liquidation of EIB

This is in relation to Raul J. Palabrica’s column on the closed Export and Industry Bank (“Rehabilitation, not liquidation,” Business, Inquirer, 5/31/13).

Posted: July 5th, 2013 in Inquirer Opinion,Letters to the Editor | Read More »

City in transition

By

When I visited Iloilo City with my wife in June last year, it had been years since I had last been there, and I was pleasantly surprised at how much the place had changed. I have since returned several times, and I could tell that this is a city in rapid transition, with exciting things in store.

Posted: April 22nd, 2013 in Columnists,Columns,Inquirer Opinion | Read More »

Great pleasure reading about former student

The man is now CEO of the Bank of Singapore, one of the world’s largest banks. His biggest challenge as the bank’s top honcho is an enviable one—continual increase in business, although he admits that people are quite a challenge. Renato de Guzman was featured in the Feb. 24 issue of the Inquirer’s Business section. [...]

Posted: April 18th, 2013 in Inquirer Opinion,Letters to the Editor | Read More »

Consumer protection

Bangko Sentral ng Pilipinas Governor Amando Tetangco said something truly important at the gathering last week of the Chamber of Thrift Banks. In his speech, Tetangco said the BSP was drafting rules that would compel banks to improve on the ways they protect consumers. He said it would formalize “specific standards for consumer protection, including how banks should handle consumer complaints,” the goal being “to elevate consumer protection to a stature of a core bank function, and not simply an ancillary advocacy.”

Posted: March 25th, 2013 in Editor's Pick,Editorial,Inquirer Opinion | Read More »

Get on with it, PCGG and OSG

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What can the Presidential Commission on Good Government (PCGG) be thinking? For that matter, what can the Office of the Solicitor General (OSG) be thinking? Why are they just sitting back and scratching their b–s as they wait for the merger of Allied Bank and Philippine National Bank to take place? Why aren’t they going to the Supreme Court and seeking a temporary restraining order, or instituting quo warranto proceedings? Why are they allowing the Filipino people to get screwed (again)?

Posted: February 1st, 2013 in Columnists,Columns,Editor's Pick,Featured Columns,Featured Headline,Inquirer Opinion | Read More »

Proposed Amla to spring greater evil

We respond to AMLC executive director Vicente S. Aquino’s letter and take exception to his obscurantist posturing against Sen. Joker Arroyo’s stand on the Anti-Money Laundering Act or Amla (Inquirer, 1/11/13).

Posted: January 18th, 2013 in Inquirer Opinion,Letters to the Editor | Read More »

Push access to banking

Two developments in the banking sector in the past two weeks passed hardly noticed despite their expected profound impact on bank management and public access to financial services. The first had to do with the Bangko Sentral ng Pilipinas’ directive for bank board directors to undergo mandatory training in “good corporate governance.” The BSP reminded [...]

Posted: June 11th, 2012 in Columnists,Editor's Pick,Editorial | Read More »

Bank manager thanked for walking extra mile

I would like to commend the efforts of Pinky Macaalay, branch manager of RCBC, Loyola Heights Katipunan, in liasing with the bank’s credit card affiliate regarding disputed transactions.

Posted: June 6th, 2012 in Inquirer Opinion,Letters to the Editor | Read More »

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