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Rural banking industry on execution block?

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Is the Bangko Sentral ng Pilipinas (BSP) slowly killing the rural banking industry? Let us analyze and validate or invalidate latent fears.

Posted: July 11th, 2014 in Columnists,Columns,Inquirer Opinion | Read More »

Excess money

A lot of cash is available in the system to finance productive ventures that can sustain the country’s economic growth. But banks choose to park these funds at the Bangko Sentral ng Pilipinas than risk lending them. As of the latest count, nearly P2 trillion is with the central bank’s special deposit accounts (SDAs). That’s almost equivalent to the national government’s budget of P2.01 billion for the entire 2013.

Posted: May 27th, 2013 in Editor's Pick,Editorial,Inquirer Opinion | 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 »

What CA resolution says: BSP erred in shutting down Banco Filipino

This refers to the news article titled “Latest ruling keeps Banco Filipino shut.” (Inquirer, 2/27/12) Marlon Ramos, who is the author of this report, has no business misleading the public with erroneous reporting. His lead sentence was, “Which is which?” implying inconstancy on the part of the Court of Appeals. Of course, this is not the fact.

Posted: February 29th, 2012 in Inquirer Opinion,Letters to the Editor | Read More »

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News

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  • Police foil break-in by bank burrowers
  • Palace defends PNP, says police force more than Purisima
  • Ridon calls for rechanneling of Aquino’s pork to SUCs
  • Sports

  • BMX rider Daniel Caluag wins first PH gold in 2014 Asiad
  • Asian Games BMX bet Caluag explains absence from UC races
  • Korean War vets’ kin cheer for Team Philippines in Asian Games
  • Two bronzes by jins; 3 boxers gain semifinals
  • Caluags open BMX medal bid
  • Lifestyle

  • Alyzza Agustin quick facts: Once an SK chairman, a Tourism student, hates ‘fat’
  • Tough sell: marketing Uganda to gay travelers
  • Malaysian student takes law in New Zealand through scholarship
  • 22 student designers to present creations at graduation show
  • Giant button gives mall goers a big surprise
  • Entertainment

  • Amazon, Disney close to peace deal—report
  • Roaring applause for a Legend
  • ‘Gotham,’ before the super-heroics
  • Catwalk fiasco hurts Coco Martin’s ad deals
  • Sibling revelry: Jessy and Pam Mendiola
  • Business

  • DOTC considered buying second-hand trains from Spain―Abaya
  • US stocks drop on disappointing economic data
  • Gov’t may need to rent power generators
  • Gov’t keeping 2014 growth goals as port congestion eases
  • Gov’t logs P393B in investment pledges
  • Technology

  • Microsoft skips Windows 9 to stress advances
  • Netizens blast sexy model for using cop connection to beat traffic violation
  • Palace backs prepaid SIM registration
  • Man, wife behind ‘crush’ videos get life sentence
  • Turkey’s president dismisses new iPhone: ‘Same as the last’
  • Opinion

  • The Marcoses never really left home
  • Gone to the dogs
  • Sour grapes
  • Pendulum swing
  • Occupy Central
  • Global Nation

  • Aquino hits UN for mission ‘impossible’
  • Japan visa process eased for Filipinos
  • Foreign domestic helpers in Hong Kong get $100 wage hike
  • No serious threat to Pope–AFP
  • Flattened by quake, Chinese city rises from the rubble
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