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Feb 17 2021 
FIST law to bring down banks’ bad loan ratio
THE BANKING industry’s nonperforming loan (NPL) ratio is expected to be reduced, with the implementation of the Financial Institution Strategic Transfer (FIST) law, Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno said.
“It will ease the NPL ratios of banks moving forward. FIST is expected to reduce the NPL ratio by about 0.63 to 7.0 percentage…
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Feb 17 2021 
‘Too early’ to raise rates now — Diokno
BANGKO SENTRAL ng Pilipinas (BSP) Governor Benjamin E. Diokno said it is “too early” to raise interest rates, as the central bank is keen on keeping an accommodative policy to support recovery.
“I think it’s too early [to] raise interest rates. We’re focused on assessing developments abroad and at home and right now, we don’t see…
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Feb 17 2021 
RCBC’s DiskarTech App Disburses Social Security Loan Proceeds and Benefits
Members of the Social Security System (SSS) nationwide can now get their SSS benefits and loans proceeds through Rizal Commercial Banking Corporation’s (RCBC) DiskarTech app.
During the partnership launch, RCBC President and Chief Executive Officer Eugene S. Acevedo and SSS President and CEO Aurora C. Ignacio encouraged the use of the DiskarTech mobile app by offering incentives to participating SSS…
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Feb 17 2021 
Fast-tracked pace of digitization will boost global trade
WHILE the pandemic has caused so much disruption, one good thing that may come out of it is digitization which could improve the efficiency of global trade, according to an expert from the Asian Development Bank (ADB).
In an Asian Development Blog, ADB Trade and Supply Chain Finance Head Steven Beck said paper-based trade has been…
