Banking & Finance


24 January 2021

  • P1.077 billion goes into government coffers as BOC auctions off overstaying cargo
    THE Bureau of Customs (BOC) raised P1.077 billion in revenues from auctioning off overstaying cargoes last year. In a statement, the bureau said proceeds came from the public auction of 1,898 containers of assorted items such as television sets, tiles and plywood, among others. Based on separate data provided in the BOC’s annual report, the […]
  • Success starts with ‘U’
    THE title of this column may be a little bit confusing because, obviously, the word “success” does not start with the letter “u.” The “u” here is a casual abbreviation of “you” which, in this age of text touch typing, is accepted as part of social media lingo. I also used “u” as a symbolic […]
  • Bank’s confidence in handling cyber-threats declines in 2020
    LOCAL banks’ confidence in handling cyber financial threats slightly declined in 2020 as digital payments surged in the midst of lockdowns and movement restrictions to curb the pandemic. A recent Bangko Sentral ng Pilipinas (BSP) survey showed that only 58.3 percent of banks are “prepared” to handle and manage cyber security threats (cyber-threats). This is […]
  • Security Bank to open 7 new physical branches
    SECURITY Bank Corp. is eyeing to open at least seven new branch locations across the country this year after completing its 2020 expansion plan amid the lockdown restrictions that government imposed to stem the coronavirus pandemic. The listed bank said in a statement last Monday that it opened, relocated and revamped a total of 10 […]
  • DOF working on grant for BIR digitization tack
    PRESIDENT Duterte has authorized the Department of Finance (DOF) to enter into talks with the United States Trade and Development Agency (USTDA) in a bid to secure a grant of $809,450 to support the Bureau of Internal Revenue’s (BIR) digital transformation program. In a statement on Wednesday, the DOF said the President has approved its […]

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