The country can expect a stronger rural banks at par with commercial banks in terms of product and services that it can provide to its clientele with the recent passage of Republic Act (R.A.) 10574, which allows foreign investments in rural banks. R.A. 10574, or “An Act Allowing the Infusion of Foreign Equity in the …
The Rural Bankers Association of the Philippines (RBAP) expressed gratitude to President Benigno Simeon Aquino III for signing into law the Foreign Equity Bill or Republic Act (RA) 10574, saying this will help create an environment conducive to economic growth in the countryside. “The passage of the Foreign Equity Bill into a law is a …
RBAP lauds PNOY for signing Foreign Equity Bill into law Read More »
Nowadays, projects that involve conservation and recycling are no longer limited to just corporate social responsibility undertakings. Going green has gained mainstream consciousness. Gone are those days where the color green just stands for dollar or any currency for that matter. Environmental protection has already impacted enterprise mentality greatly, so much so that business decisions …
The most agonizing part of post-elections scenario is the “waiting period.” Not just waiting for the election results (which could take a month and, in some cases, even years), but also waiting for the campaign promises made by the candidates, especially by Senate and Lower House hopefuls, to come to fruition. In today’s fast-paced world …
15 May 2013 To All RBAP Members: Please be reminded that the deadline for filing of CERTIFICATE OF CANDIDACY (COC) for the 2013 RBAP Elections is until 5 o’clock in the afternoon of MAY 26, 2013 (Sunday). For your guidance, attached is the Notice for the 2013 Elections and the required forms for candidacy. Kindly send your certificate of candidacy …
The lack of access to microfinancing is still considered one of the main problems facing rural communities today, as most of them are forced to resort to “5-6” lenders or loan sharks to finance their small businesses. Thus it is viewed that a rural bank-OFW partnership towards delivering microfinance funding will not only provide rural …
Please be reminded that May 10, 2013 (Friday) 5:00 PM is the deadline of EARLY BIRD REGISTRATION for the RBAP 60th Annual National Convention on June 10-11, 2013 at Sofitel Philippine Plaza, Manila. To avail the discounted rate, kindly register on or before the said deadline. For your convenience, you may directly download the convention …
08 May 2013 The Rural Bankers Association of the Philippines (RBAP) is waiting for ‘official final orders’ from the Bangko Sentral ng Pilipinas (BSP) before implementing the recently issued resolution of the Commission on Elections (Comelec), limiting cash withdrawal transaction to P100,000. “We will respect and follow the decision of the BSP as a regulating …
For your guidance, below is the official statement of the Bangko Sentral ng Pilipinas on Comelec Resolution No. 9688, which orders a ban on cash withdrawals exceeding P100,000 from May 8 to 13, 2013 BSP’s Statement on Comelec Resolution 9688 05.08.2013 The Bangko Sentral ng Pilipinas supports the COMELEC’s goal to ensure clean and honest …
BSP Statement on Comelec Resolution No. 9688 – Money Ban Read More »
With the almost perfect penetration rate of mobile carriers in the country and Filipinos’ long-time fondness and mastery of the art of texting, the Philippines was once tagged as the “texting capital of the world.” However, as mobile phone technology revolutionized, the usual “texting” capability has gone far beyond its functionality to include financial transactions such …
Throughout the years, we have seen how the agricultural sector, particularly the farmers, have rescued our economy from collapse. Raising their living standards is decided largely by the priority and investment. One of the many ways to achieve this is by enhancing farm productivity and sustainability. In a typical rural setup, households need a sizeable …
Attached for your guidance is BSP Memorandum No. M-2013-015: Collection of the Annual Supervisory Fees (ASF) for the Year 2013, issued 18 April 2013. The Memorandum is also posted in BSP’s website: http://www.bsp.gov.ph/downloads/regulations/attachments/2013/m015.pdf View BSP Memorandum No.2013-015 here
With the rapid advancements in financial systems in both the domestic and global arena, it becomes imperative for the Bangko Sentral ng Pilipinas (BSP) to be attuned with the times. Not only does it need to “ride on the waves” of technology, but it should also adopt internationally accepted principles in both financial and payment …
Attached for your guidance is BSP Circular No. 793 – Amendment to Align the Familial Restrictions Applicable to “Independent Director” with the Existing Provision of the Securities Regulation Code, issued 8 April 2013. The Circular is also posted in BSP’s website at http://www.bsp.gov.ph/downloads/regulations/attachments/2013/c793.pdf View BSP Circular No. 793 here.
Attached for your guidance is BSP Circular Letter No. CL-2013-025: Publication/Posting of Balance Sheet (BS) and Consolidated Balance Sheet (CBS), issued 10 April 2013. The circular is also posted in BSP’s website at http://www.bsp.gov.ph/downloads/regulations/attachments/2013/cl025.pdf View BSP Circular Letter 2013-025 here
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