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Bank secrecy lifting not a priority–Henares

Internal Revenue Commissioner Kim Henares: Not a priority. INQUIRER FILE PHOTO

Internal Revenue Commissioner Kim Henares made it clear that seeking the lifting of the Bank Secrecy Law by Congress was not a priority of her office, as she acknowledged that such bid was a “long shot.”

Posted: March 28th, 2014 in Latest News Stories,Nation | Read More »

Banks extend hours due to truck ban

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The Manila City government’s move to shorten the running time for truckers under a revised truck ban will soon result in longer working hours for some Landbank and Development Bank of the Philippines employees and warehouse personnel.

The Manila City government’s move to shorten the running time for truckers under a revised truck ban will soon result in longer working hours for some government bank employees and warehouse personnel.

Posted: March 5th, 2014 in Editors' Picks,Headlines,Metro | Read More »

Did you know

By virtue of Act No. 2612 of the Philippine Commission, the Philippine National Bank (PNB) was established on Feb. 4, 1916 to replace the small government-owned Agricultural Bank. Its first head office was the Masonic Temple on Escolta, then known as the Wall Street of the Philippines. H. Parker Willis, an American, was the bank’s first president. Marielle Medina, Inquirer Research

Posted: February 3rd, 2014 in Headlines,Metro | Read More »

Lapu-Lapu City Mayor faces charges for P2.6-B bank loans

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lapu-lapu-city

Lapu-Lapu City Mayor Paz Radaza is facing criminal charges in the Department of Justice for taking part in the creation of P2.6 billion in alleged fictitious loans that eventually led to the closure of a bank she headed in 2009.

Posted: February 1st, 2014 in Latest News Stories,Regions | Read More »

Borrowers told to pay loans even if banks have closed

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PHILIPPINES-ADB-ASIA-ECONOMY-CRISIS

Borrowers of banks that have been shut down or closed by the government for various reasons should continue to pay their loan amortizations and other obligations, according to the Philippine Deposit Insurance Corp.

Posted: December 21st, 2013 in Latest News Stories,Regions | Read More »

Sarangani bank closure surprises depositors

The closure of one of the oldest rural banks here caught its depositors by surprise as there had been no indication it was in financial trouble.

Posted: December 11th, 2013 in Headlines,Regions | Read More »

Private, gov’t lenders give Visayas earthquake victims a break

Vice President Jejomar Binay.  FILE PHOTO

Borrowers affected by the earthquake in Central Visayas may avail themselves of a debt payment moratorium and relief from late-payment penalties from several creditors, including a leading foreign bank and state-owned housing agencies.

Posted: October 22nd, 2013 in Latest News Stories,Regions | Read More »

Glitch happens, farmers awed by loan data told by bank

A computer glitch. An official of the Land Bank of the Philippines said this was the cause of an erroneous letter sent out to farmers telling them to pay at least P149,000 in loans.

Posted: October 9th, 2013 in Headlines,Regions | Read More »

PDIC starts paying rural bank depositors Oct. 9

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The Philippine Deposit Insurance Corp. (PDIC) will start paying claims of depositors of closed Rural Bank of Sto. Tomas on Oct. 9, the state-run firm said in a statement.

Posted: October 6th, 2013 in Headlines,Regions | Read More »

Davao Sur bank clients assured of help by PDIC

The Philippine Deposit Insurance Corp. (PDIC) gave assurances to depositors of the Rural Bank of Hagonoy in Davao del Sur that their claims would be processed.

Posted: October 3rd, 2013 in Headlines,Regions | Read More »

BSP probes banks in pork barrel scam

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bsp

The Bangko Sentral ng Pilipinas (BSP) is investigating several banks for their possible failure to detect irregular transactions that may have abetted the illegal activities of Janet Lim-Napoles, the alleged brains behind the P10-billion pork barrel scam.

Posted: September 24th, 2013 in Banner Story,Editors' Picks,Headlines,Nation | Read More »

PAF coop invokes bank secrecy

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The savings and loan cooperative of Philippine Air Force (PAF) personnel invoked Tuesday the bank secrecy law amid an allegation by pork barrel scam whistle-blower Benhur Luy that his former boss, Janet Lim-Napoles, controlled P510 million worth of accounts in the thrift unit.

Posted: August 7th, 2013 in Editors' Picks,Headlines,Nation | Read More »

Boracay bank clients warned on theft devices on ATM machines

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ATM. INQUIRER FILE PHOTO

Police have alerted bank customers and tourists on Boracay Island about an alleged criminal group stealing bank information from automated teller machines on the island.

Posted: July 24th, 2013 in Latest News Stories,Regions | Read More »

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  1. Kim Henares needs a reprimand, says Cayetano
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  3. More legal woes for Cedric Lee
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  • Bus passengers foil bombing in Sultan Kudarat
  • Traffic from provinces to Manila light on Black Saturday
  • Sports

  • Duke’s Rodney Hood joining Jabari Parker in NBA draft
  • Phelps entered in 3 events at comeback meet
  • Boston prepares for huge wave of marathon visitors
  • Motivated LeBron James preps for postseason
  • Nadal ousted by Ferrer in Monte Carlo quarters
  • Lifestyle

  • Levine designs womenswear with help from fiancee
  • Gabriel Garcia Marquez, Nobel laureate, dies at 87
  • Ford Mustang turns 50 atop Empire State Building
  • Pro visual artists, lensmen to judge Pagcor’s photo contest
  • ‘Labahita a la bacalao’
  • Entertainment

  • Myx TV premieres Asian American ‘docu-series’
  • A nutty finale for ‘Scandal,’ TV’s craziest show
  • EXO postpones release of mini album ‘Overdose’
  • ‘X-men’ filmmaker slams ‘fabricated’ sex attack claims
  • Singer Chris Brown’s bodyguard on trial in DC
  • Business

  • Fiat-Chrysler to produce iconic Jeep in China from 2015
  • US commerce secretary spells out economic facet of ‘pivot to Asia’
  • Italy sells luxury state cars on eBay
  • Asian shares mostly up in quiet trade
  • Dollar up in Asia on US jobs data, Ukraine deal
  • Technology

  • Nasa’s moon-orbiting robot crashes down
  • Netizens pay respects to Gabriel Garcia Marquez
  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Facebook rolls out ‘nearby friends’ feature
  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Opinion

  • Editorial cartoon, April 17, 2014
  • A humbler Church
  • Deepest darkness
  • ‘Agnihotra’ for Earth’s health
  • It’s the Holy Week, time to think of others
  • Global Nation

  • We treasure our Sierra Madre
  • OFW from UAE tests negative for MERS-Cov–health chief
  • Multicultural flock marks Good Friday in San Francisco
  • Las Vegas ‘Pinoy Pride’ fest hails Filipino heritage
  • Marking Jesus’ journey on Good Friday
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