Remittances post record $1.9B in October Remittances from overseas Filipinos coursed through banks posted a monthly record-high last October. Bangko Sentral ng Pilipinas said that October remittances hit $1.9 billion, beating September’s $1.838 billion. Inflows from Filipinos working abroad seem not to be affected by continuing crisis in Europe inasmuch as the bulk of workers …
Malaya: Remittances post record $1.9B in October Read More »
WITH only three days before Congress takes a break for the holidays, the Senate approved a measure extending the corporate life of state-run Land Bank of the Philippines (Landbank) on third and final reading. Voting 19-0, senators yesterday approved Senate Bill (SB) No. 2944, which seeks to amend Republic Act (RA) No. 3844 and extend …
Business World: Landbank bill OK’d on third reading Read More »
BANKS have been granted a longer period to open branches that have been approved by the Monetary Board. The Bangko Sentral ng Pilipinas (BSP) amended the Manual of Regulations for Banks through Circular No. 777, dated Dec. 13. It gave banks three years, from the original provision of one year, to open their approved but …
Business World:Banks given three years to open branches Read More »
The mission of the Rural Bankers Association is to support the ability of its members to offer quality banking services to all their constituencies, comply with regulatory requirements, and to promote the welfare of the communities in which they operate.
