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By The Financial District
Sep 12, 20203 min read
ADB SETS VIRTUAL MEET
The Asian Development Bank (ADB) will hold the second stage of its 53rd Annual Meeting as a virtual event on 17–18 September.
By The Financial District
Sep 12, 20202 min read
DIGITAL 'PERA' PUSHED
The Bangko Sentral ng Pilipinas (BSP)has inked separate agreements with the Bureau of Internal Revenue (BIR) and the Trust Officer...
By The Financial District
Sep 12, 20202 min read
BANGKO SENTRAL SETS DIGITAL PAYMENTS
The Bangko Sentral ng PIlipinas (BSP) is pushing through with its advocacy to promote digital payments with its own special payment system.
By The Financial District
Sep 11, 20201 min read
WTO LEADERSHIP RACE SPUTTERS DUE TO US ELECTIONS
The World Trade Organization’s effort to select a leader entered a new stage this week as ambassadors from 164 member countries met with...
By The Financial District
Sep 10, 20201 min read
BANGKO SENTRAL BONDS SET
The Bangko Sentral ng Pilipinas (BSP)Â will auction next week 28-day BSP Bills with an indicative offer volume of about P20 billion.
By The Financial District
Sep 10, 20201 min read
BANK PORTABILITY SOUGHT
A bill has been filed in Congress seeking to give employees the right to select the banking institution where their wages will be deposited.
By The Financial District
Sep 10, 20201 min read
SOFTBANK TAKES $10B HIT AFTER MAKING RISKY BETS ON TECH STOCKS
Shares in SoftBank retreated again on Tuesday, bringing losses in Japan to 7.7% over two days following reports that the conglomerate had...
By The Financial District
Sep 9, 20202 min read
OFWs TO BENEFIT FROM PERA
Overseas Filipino workers (OFWs) are expected to benefit from the launch of investment and retirement saving products of the Personal...
By The Financial District
Sep 4, 20201 min read
HK CENTRAL BANK SPENDS MORE IN 2020 TO KEEP ITS CURRENCY PEG
Hong Kong's central bank has intervened more than 40 times this year to maintain its peg to the US dollar.
By The Financial District
Sep 3, 20202 min read
CYBERSECURITY THREATS BARED
COVID-19 isn’t the only threat we have to prepare ourselves for at the moment.
By The Financial District
Aug 27, 20202 min read
BSP EASES REAL ESTATE LOAN LIMITS
The Monetary Board approved amendments to the Bangko Sentral ng Pilipinas’s rules on real estate loan limits of universal and commercial...
By The Financial District
Aug 26, 20201 min read
LAND BANK RELEASES P46 BILLION AID
Land Bank of the Philippines (Landbank), the main distribution arm of the government’s financial aid program, has so far released about...
By The Financial District
Aug 26, 20202 min read
MARAWI GETS EU GRANT
Marawi City gets another grant from the European Union (EU), a 24.5 million Euros (approximately US$ 28.8 million) to the Philippines for...
By The Financial District
Aug 26, 20201 min read
CREDIT SUISSE TO CLOSE 37 BANK BRANCHES IN SWITZERLAND
Swiss bank Credit Suisse said Tuesday that it plans to close... branches in its home country as part of an effort to streamline its business
By The Financial District
Aug 18, 20202 min read
BAP ISSUES MOBILE BANKING TIPS
The Bankers Association of the Philippines (BAP) umbrella organization of universal and commercial banks has released tips on how to safegua
By The Financial District
Aug 15, 20201 min read
BANKS SUPPORT 30-DAY MORATORIUM ON LOANS
The Bankers Association of the Philippines (BAP) is supporting the mandatory 30-day moratorium on loan payments in areas under the enhanced
By The Financial District
Aug 15, 20201 min read
MITSUBISHI UFJ TO HELP ASIAN STUDENTS
Mitsubishi UFJ Financial Group Inc. said Friday five of its group companies will donate a total of 400 million yen ($3.75 million) to suppor
By The Financial District
Aug 14, 20201 min read
FED BANKS ISSUE NEW RULES ON MONEY LAUNDERING
The federal banking agencies today issued a joint statement updating their existing enforcement guidance to enhance transparency regarding h
By The Financial District
Aug 13, 20202 min read
BOSTON FED CHIEF SAYS STATES’ RUSH TO REOPEN DELAYS RECOVERY
A top official at the Federal Reserve criticized the decision by many states to reopen businesses this spring before getting the virus full
By The Financial District
Aug 12, 20201 min read
IP GROUPS URGE EUROPEAN BANKS TO GET OUT OF AMAZON OIL TRADE
European banks committed to backing action on climate change face allegations of double standards from indigenous groups in Ecuador after a
By The Financial District
Aug 11, 20201 min read
BSP NOTES INCREASED MSME LOANS
The Bangko Sentral ng Pilipinas (BSP) today said there was increase in the amount of bank loans extended to micro, small and medium enterpr
By The Financial District
Aug 10, 20202 min read
ADB SAYS PANDEMIC TO CUT REMITTANCES TO ASIA-PACIFIC BY $54.3-B
Remittance receipts in Asia and the Pacific will fall by as much as $54.3 billion in 2020 due to large-scale unemployment and wage reduction
By The Financial District
Aug 7, 20201 min read
CAPITAL ONE SLAPPED WITH $80-M FINE OVER DATA BREACH
The US Treasury Department has fined Capital One $80 million for careless network security practices that enabled a hack that accessed the p
By The Financial District
Aug 7, 20202 min read
BANK OF ENGLAND SEES LESS SEVERE DOWNTURN
The Bank of England (BoE) has predicted that the economic downturn in the UK economy might be less severe than it thought at the start of th
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