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Project Balik Buhay May 13, 2021 THE private sector under Project Balik Buhay (PBB) supports the move to gradually reopen Cebu s economy.
The Cebu Chamber of Commerce and Industry; Mandaue Chamber of Commerce and Industry; Cebu Filipino-Chinese Chamber of Commerce; Hotel, Resort and Restaurant Association of Cebu, Inc.; Cebu Bankers Club; Philippine Retailers Association; Aboitiz; SM City Cebu; Chamber of Real Estate and Builders Association; Mactan Export Processing Zone Chamber of Exporters and Manufacturers; SunStar; Cebu Furniture Industries Foundation, Inc.; Cebu Design Week; and Philexport Cebu in a joint statement agreed that Cebu has to move on and to move forward.
SunStar BSP to monitor Citi s PH exit; BPI eyeing bid for its retail biz
KEEN ON ACQUIRING. Jose Teodoro Limcaoco, the new president and chief executive officer of Bank of the Philippine Islands, thinks the Citibank retail business is an excellent franchise. He says if given the opportunity, BPI has sufficient funds to assume Citi’s large consumer based or domestic assets. (BPI)
+ April 25, 2021 THE Bangko Sentral ng Pilipinas (BSP) is closely monitoring developments following the announcement of Citigroup to undergo a strategy refresh.
Citigroup reported that it intends to focus its Global Consumer Bank presence in Asia (including the Philippines), Europe, Middle East and Africa on wealth management and institutional businesses.
SunStar
+ January 18, 2021 With the increased online transactions by the banking public due to the pandemic, the banking experience has also been riddled by phishing and scam attempts.
Because of this, the Cebu Bankers Club (CBC) reminded its depositors and clients anew to be vigilant.
“Our member banks have been reiterating reminders on phishing to all our depositors and urging them to be vigilant against these activities, especially that more are relying on online transactions due to the coronavirus scare,” CBC president Romeo Comabig told SunStar Cebu.
Phishing involves the sending of malicious email posing as the official company in an attempt to acquire an individual’s personal information like passwords and credit cards’ PIN numbers.
SunStar
+ January 12, 2021 THE Cebu Bankers Club (CBC) foresees a relatively stable period for the industry for the next two years as it has put measures in place in anticipation of the effects of the Covid-19 pandemic.
Romeo Comabig, CBC president, told SunStar Cebu that the industry’s outlook remains relatively stable because banks have anticipated the movements in the money and capital markets in the next two years.
“With the coronavirus pandemic, banks are now calibrating their strategies to absorb loss from non-performing assets while at the same time maintaining public confidence by providing enough liquidity and funding for the next two years,” he said.