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Although it was not surprising that it was drowned out by the tiresome noise about what passes for current events here, there was at least one piece of very good news yesterday: Banks considered systemically important to the economy will be required to increase their minimum Common Equity Tier 1…

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Unless EU Parliament objects The Council of the European Union (EU) has announced that it has no objections to the inclusion of the Philippines in the list of beneficiary countries of the EU’s Generalized System of Preferences Plus (GSP+). “The Council decided not to object to a Commission regulation adding…

BSP TO BANKS:

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Borrowers’ cash flows and their ability to pay must be the primary focus of a lender when giving out a loan rather than relying heavily on collateral, according to the amended regulations governing credit-risk taking activities of banks and quasi-banks of the central bank. The Monetary Board revision of the…

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The benchmark stock index closed in positive territory for a second day on Tuesday, mirroring the mild optimism of markets abroad. The Philippine Stock Exchange index (PSEi) gained 10.50 points or 0.15 percent to close at 7,068.03, while the All Shares likewise added 3.48 points to 0.08 percent to 4,177.23.…


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Banks considered systemically important to the economy will be required to increase their minimum Common Equity Tier 1 (CET1) ratio under the new guidelines issued by the Monetary Board of the central bank. “The new regulation is a major initiative which is designed to ensure that our banking industry further…

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First-time registrant vehicles that do naot comply with the emission standard set by the government will no longer be allowed to ply the streets starting in 2016. Energy Usec. Zenaida Monsada on Tuesday said the move is part of the Association of South East Asian (ASEAN) economic integration in 2015.…

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MAJURO, Marshall Islands – Conservationists have attributed a dwindling demand for shark fins to China’s crackdown on corruption which has forced a decline in lavish banquets. “We are seeing a reduction in demand from China. Hong Kong is also showing a significant decline in consumption,” Angelo Villagomez, a shark…

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University of Santo Tomas needed two extra periods to put away Far Eastern University, 79-78, in UAAP men’s basketball Sunday at the Araneta Coliseum. Six-foot-seven Cameroonian center Karim Abdul and forward Aljon Mariano starred in the victory, the Growling Tigers’ sixth in 11 games. Abdul, who blocked Tamaraws center…

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Former World Boxing Organization (WBO) super bantamweight champion Nonito “The Filipino Flash” Donaire Jr. and Vic Darchinyan have arranged a rematch on November 9 in a scheduled 10-round bout at the American Bank Center in Texas USA. Donaire Jr., who totes a 31-win-2 loss card with 20 knockouts, is…