01/19/2016

China: offshore banks' must reserve more yuan

China's central bank said on Monday it will start implementing a reserve requirement ratio (RRR) on offshore banks' domestic deposits, in what appears to be its latest attempt to stem speculation in the yuan and manage money flowing in and out o

01/15/2016

President Aquino vetoes SSS pension increase

PRESIDENT Benigno S. C. Aquino III yesterday vetoed a bill increasing the monthly pension of Social Security System members, citing the measure’s “dire financial consequences.

01/08/2016

Private Bank Sued by Headhunter Over New Hires’ Fees

The search firm’s fees are 28 percent of an employee’s first-year pay package which includes a basic wage of as much as S$550,000 for a senior private banker, target bonus and joining payment, according to Mancano’s lawsuit.