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Banks tighten lending standards anew in Q3

MANILA, Philippines - Banks continued to tighten credit standards for loans to enterprises and households through stricter collaterals requirements and loan.....»»

Category: financeSource:  philstarRelated NewsOct 22nd, 2016

SEC starts crackdown on loan sharks

The Securities and Exchange Commission (SEC) has intensified its campaign against the proliferation of informal lenders, with at least 3,512 lending companies now on the risk of being suspended as the government tightens its noose against loan sharks, com.....»»

Category: newsSource:  mb.com.phRelated NewsOct 22nd, 2016

No to savings and loan association

No to savings and loan association.....»»

Category: newsSource:  thestandardRelated NewsSep 22nd, 2016

Banks further tighten lending standards in Q2

MANILA, Philippines – Banks continued to tighten credit standards for loans to enterprises through stricter collateral requirements and loan covenants, a sur.....»»

Category: financeSource:  philstarRelated NewsJul 23rd, 2016

Primex prepays loan obligations

MANILA, Philippines - Listed property developer Primex Corp. said it had prepaid all its bank obligations with two banks as of Jan. 3 this year......»»

Category: financeSource:  philstarRelated NewsJan 21st, 2017

Remittance, forex, money changers BSP tightens rules on money services

MANILA, Philippines - The Bangko Sentral ng Pilipinas (BSP) has tightened rules on the operations of money service businesses (MSBs) including limiting the c.....»»

Category: financeSource:  philstarRelated NewsJan 21st, 2017

Central bank tightens watch on money changers

THE BANGKO SENTRAL ng Pilipinas (BSP) will keep a closer watch on remittance and transfer companies (RTCs), foreign exchange dealers (FXDs), money changers (MCs) and other money service businesses (MSBs), as part of efforts to combat money laundering in the country......»»

Category: newsSource:  bworldonlineRelated NewsJan 20th, 2017

Federer joins Murray in 4th round at Australian Open

JOHN PYE, AP Sports Writer br /> MELBOURNE, Australia (AP) — Roger Federer showed against 10th-seeded Tomas Berdych that his first two wins against qualifiers at the Australian Open really were warmups. The 17-time Grand Slam champion, seeded a lowly-by-his-standards 17th after spending six months on the sidelines last season, only needed 90 minutes to beat Berdych 6-2, 6-4, 6-4 in the third round on Friday night. This was against a rival who played the Wimbledon final in 2010 and reached the quarterfinals or better in Australia the previous six years. And he'd beaten Federer in six of their previous 22 matches. Federer hit some vintage backhand winners, one that earned a hearty applause from the great Rod Laver — sitting in the crowd at the stadium named in his honor — in the second set. He had 40 winners and won 95 percent of points when he got his first serve into play. He didn't face a breakpoint. 'Crazy how quick I got out of the blocks — I did surprise myself,' Federer said of his almost flawless performance against Berdych. 'I did feel like I struggled a bit in the first two rounds.' He next plays fifth-ranked Kei Nishikori, who beat Lukas Lacko 6-4, 6-4, 6-4 to reach the fourth round for a sixth straight year at Melbourne Park. Federer leads that matchup 4-2, winning the last three. The winner of that has a potential quarterfinal against top-ranked Andy Murray, who showed no signs of trouble with his sore ankle as he advanced to the Round of 16 for the ninth straight year with a 6-4, 6-2, 6-4 win over No. 31 Sam Querrey. It was Querrey who ended then No. 1-ranked Novak Djokovic's impressive Grand Slam run in the third round at Wimbledon last year. At that time, Djokovic had won four straight major titles — Wimbledon and U.S. Open in 2015 and Australian Open and French Open in 2016. Murray, who replaced Djokovic at No. 1 last November, said he was surprised at the six-time Australian Open champion's second-round loss to Denis Istomin the previous night. But the five-time Australian Open runner-up didn't think it changed anything for him, unless he reached the final. 'I wasn't scheduled to play Novak today, so my job's to concentrate on Sam and to go into that match with a clear head and a good game plan and try to play well,' said Murray, who lost to Djokovic in four of the five finals he has contested in Melbourne. 'I did that. 'Obviously, if you're to get to the final, then it has an effect.' Murray injured his right ankle in the second round, and said he was hesitant at first but warmed into the match against Querrey. 'I felt better and better as the match went on in terms of my movement,' Murray said. 'I was moving well at the end — it was very positive.' Murray next plays Mischa Zverev. Seven-time major winner Venus Williams routed Duan Yingying 6-1, 6-0 in less than an hour to progress to the fourth round for the 10th time since her Australian Open debut in 1998. 'It's good (but) it's never enough,' she said, looking ahead to her fourth-round match against Mona Barthel. 'I've tasted it before and it's always a great feeling because it means, hey, I have an opportunity for the quarterfinals. That's what I'm going to go for.' The last two Americans in the men's draw lost within an hour of each other. After Querrey's exit, No. 23-seeded Jack Sock lost 7-6 (4), 7-5, 6-7 (8), 6-3 to No. 12 Jo-Wilfried Tsonga. There are no more Australians in the men's draw, either, after Daniel Evans beat Bernard Tomic 7-5, 7-6 (2), 7-6 (3). U.S. Open champion Stan Wawrinka had 3-6, 6-2, 6-2, 7-6 (7) win over Viktor Troicki to move into a fourth-round match against Andreas Seppi. In the last match of day five, French Open champion Garbine Muguruza closed out with a 6-4, 6-2 win over Anastasia Sevastova. Top-ranked Angelique Kerber had a straight-sets win for the first time in her first Australian Open title defense, 6-0, 6-4 against Kristyna Pliskova. She next play 35th-ranked CoCo Vandeweghe, who reached the fourth round in Australia for the first time with a 6-4, 3-6, 7-5 win over 2014 semifinalist Eugenie Bouchard. Two-time major winner Svetlana Kuznetsova held off former No. 1-ranked Jelena Jankovic 6-4, 5-7, 9-7 in 3 ½ hours. Australian Open organizers were briefed by Victoria state police over an incident in downtown Melbourne where a man deliberately drove into a street crowded with pedestrians, killing three people and injuring 20. Police said the incident, about three kilometers (two miles) from Melbourne Park, had no links to terrorism. 'Be assured there is no threat to the precinct,' Australian Open organizers said in a statement. .....»»

Category: sportsSource:  abscbnRelated NewsJan 20th, 2017

SSS is new brand of people’s capitalism

“With proposed innovations in investments, the Social Security System (SSS) is shaping a new developmental ideology to give the working class an opportunity to be the richest in the country through their pooled savings in the pension fund,” said Social Security Commission (SSC) Chairman Dean Amado Valdez. Speaking before the prestigious Rotary Club of Manila, [&'].....»»

Category: newsSource:  remateRelated NewsJan 20th, 2017

After good start, time for Balotelli to score away from home

JEROME PUGMIRE, AP Sports Writer   PARIS (AP) — It is about time for Mario Balotelli to start scoring away from home. The Italian striker's return from suspension is much needed for Nice, which faces a difficult match at Bastia on Friday after losing ground last weekend. Nice unexpectedly dropped points by drawing 0-0 against struggling Metz, and Balotelli's absence — through suspension — was felt. The draw played into the hands of free-scoring Monaco, which moved to the top on goal difference, and defending champion Paris Saint-Germain, now only three points behind. Nice will be stronger with Balotelli leading the line, considering he averages nearly a goal a game since joining on a free transfer from Liverpool in the offseason. But the worrying statistic for Nice is that his eight league goals — and nine of the 10 he has scored overall — have all been at home. When Nice plays at home, it often dominates possession through its slick midfield and Balotelli, with his outstanding ability to hold the ball up, is regularly involved in the quick and neat approach play. It's a different story away from home, where Balotelli often drifts in and out of position as he roams for space to create opportunities out of nothing. Nice coach Lucien Favre needs Balotelli to be at his disciplined best on Friday, rather than in improvisational mode. Balotelli, who has a long history of controversy on and off the field, will also have to keep this cool. Although Bastia is only one place above the relegation zone, the Corsican side is always fiercely motivated at home, where the passionate locals at the compact 20,000-capacity Armand Cesari Stadium reserve their most vitriolic and hostile welcomes for southern clubs Nice and Marseille, and for PSG. Because of the seething animosity between Bastia and Nice fans — there have been violent clashes in the past — France's Interior Ministry decreed a ban on travelling fans. Any daring Nice fans trying to circumnavigate the ban will be prevented from trying to reach the island of Corsica either by sea — via the ports of Nice, Marseille and Toulon — or by air. Nice deplored the ban, which it says 'automatically deprives its fans of passion for the umpteenth time.' Favre, who took charge in the offseason after leaving German side Borussia Moenchengladbach, is bracing himself for a heated encounter. 'There's always something special about this game, so I've been told,' said Favre, who replaced Claude Puel after he joined Premier League club Southampton. 'In football, you always have commitment, headers, tackles. It's part of the game, if it's fair. It's up to us to react properly. You must control your emotions.' ___ GOALS GALORE Lorient's players can hardly be looking forward to the trip to play Monaco, given how many goals the French leaders are scoring. Last weekend's 4-1 rout of Marseille made it 60 league goals in 20 games — comfortably more than any other team in Europe's top five leagues — and 86 in 33 games overall this season. Bad news for Lorient, which is languishing in 19th place and has conceded 39 goals — more than any other team in the league. Monaco must be relieved it did not sell Colombian striker Radamel Falcao after he spent two unsuccessful seasons on loan at Manchester United and Chelsea as he fought back from a serious injury. Falcao has been an inspirational captain, scoring eight in the past seven games and 17 in all competitions this season. Behind him and strike partner Valere Germain, the midfield quartet of Tiemoue Bakayoko, Fabinho, Thomas Lemar and Bernardo Silva is striking a good balance. Bakayoko and Fabinho do much of the holding work, thus freeing up the skillful Lemar and the quick Silva to roam free. They were unstoppable against Marseille, with Lemar scoring an audacious lob and Silva netting twice. ___ A TIGHTER DEFENSE PSG is looking for a fifth straight win when it travels to play Nantes on Saturday. Following a rocky spell just before the mid-season winter break, PSG has won its two league games and two cup games since without fuss and without conceding a goal. But Nantes could be a different proposition, especially given how well the team is playing under coach Sergio Conceicao. Wednesday's 1-0 win over Caen was the sixth in seventh games since the former Portugal winger took charge in early December. .....»»

Category: sportsSource:  abscbnRelated NewsJan 19th, 2017

Pag-IBIG execs face raps over loan scam

MANILA, Philippines - The Commission on Audit (COA) has found a private developer and 14 officials of Pag-IBIG Fund in Eastern Visayas  liable for the releas.....»»

Category: newsSource:  philstarRelated NewsJan 19th, 2017

Pag-IBIG officials liable for alleged P33-M loan scam – COA

Pag-IBIG officials liable for alleged P33-M loan scam – COA.....»»

Category: newsSource:  rapplerRelated NewsJan 19th, 2017

Lazio beats Genoa 4-2 to set up quarterfinal against Inter

ROME (AP) — Lazio substitutes Sergej Milinkovic-Savic and Ciro Immobile secured a 4-2 win over Genoa in the Italian Cup on Wednesday and a quarterfinal against Inter Milan. Lazio appeared to be in control after half an hour following goals from Filip Djordjevic and Wesley Hoedt. Felipe Anderson had also seen his weak penalty saved by Genoa goalkeeper Eugenio Lamanna after Lucas Orban tripped Djordjevic. However, strikes from Mauricio Pinilla and Goran Pandev in the final four minutes before halftime got Genoa right back into the match. Milinkovic-Savic and Immobile were introduced shortly before the hour and the former put Lazio back in front in the 71st minute. Immobile restored Lazio's two-goal advantage five minutes later with his third goal in as many matches. Ocampos had hit the post in the 66th. Earlier, second-division Cesena caused an upset by coming from behind to beat Sassuolo 2-1 with two late goals. Lorenzo Pellegrini got Sassuolo off to the perfect start by giving it the lead in the fourth minute. Sassuolo missed several chances to double its lead and Camillo Ciano leveled from the penalty spot nine minutes from time after Luca Antei tripped Andrea Cocco. Karim Laribi, who is on loan at Cesena from Sassuolo, scored what was to prove the winner four minutes later to set up a quarterfinal against either Roma or Sampdoria. It was the second top-flight club that Cesena has knocked out of the tournament this season after Empoli. It was also only the second time it has reached the quarterfinal after 1970-71. .....»»

Category: sportsSource:  abscbnRelated NewsJan 18th, 2017

Showcase

The Philippines is hosting the Miss Universe pageant. Nearly 200 of the world’s most beautiful women—beauty defined, of course, by conventional standards—have descended upon our shores to spread goodwill and help us showcase the best our country has to offer......»»

Category: newsSource:  thestandardRelated NewsJan 18th, 2017

LandBank, Jica sign Mindanao loan

LandBank, Jica sign Mindanao loan.....»»

Category: financeSource:  thestandardRelated NewsJan 17th, 2017

DOLE calls higher fund premium as savings

DOLE calls higher fund premium as savings.....»»

Category: newsSource:  manilatimes_netRelated NewsJan 16th, 2017

DOLE calls higher SSS monthly premium savings

DOLE calls higher SSS monthly premium savings.....»»

Category: newsSource:  manilatimes_netRelated NewsJan 16th, 2017

Bayern Munich signs Suele and Rudy from Hoffenheim

MUNICH (AP) — German champion Bayern Munich has signed center half Niklas Suele and central midfielder Sebastian Rudy from Hoffenheim, with both players due to complete the season with their current club before joining on July 1. Bayern said Sunday on its website that Rudy — who is out of contract in the summer — has signed a three-year deal until 2020 while Suele has agreed a five-year deal until June 2022. 'Signing two Germany internationals is an investment in FC Bayern's future,' Bayern chairman Karl-Heinz Rummenigge said. 'Sebastian Rudy joins us on a free transfer. In the case of Niklas Suele we have reached a fair and serious agreement with Hoffenheim.' The 26-year-old Rudy has played 177 league games for Hoffenheim since joining from Stuttgart in 2010, while the 21-year-old Suele is a homegrown talent and has made 90 league appearances with the club. 'In terms of it being a farewell I feel a little wistful,' Suele said on Bayern's website, adding that the move gives him the chance of 'maturing further with one of the best teams in the world.' Suele's signing appears to be linked to the form of long-serving Bayern defender Holger Badstuber, who has been sent on loan to Schalke to get more game time. The long-serving center-back has struggled with injuries in recent years and is not in Bayern coach Carlo Ancelotti's plans, having played only three games this season, starting just once. .....»»

Category: sportsSource:  abscbnRelated NewsJan 15th, 2017

Kuala Lumpur SEA Games POC: Know the opposition

MANILA, Philippines - The Philippine Olympic Committee has urged the different national sports associations (NSAs) to do a better job scouting the opposition.....»»

Category: sportsSource:  philstarRelated NewsJan 15th, 2017

LOAN SHARK OR THE SAVIOR OF MANY POOR FILIPINOS?

LOAN SHARK OR THE SAVIOR OF MANY POOR FILIPINOS?.....»»

Category: newsSource:  manilatimes_netRelated NewsJan 14th, 2017