BANKING & FINANCE 6/63

Thailand Rolling Out $13.8-B Digital Money Handout Scheme To Citizens

By The Financial District

Jul 181 min read

Thailand Rolling Out $13.8-B Digital Money Handout Scheme To Citizens

Thailand’s prime minister said that eligible businesses and individuals can register from August for digital cash handouts.

BDO Shortens Bond Offer On Strong Demand

By The Financial District

Jul 181 min read

BDO Shortens Bond Offer On Strong Demand

BDO Unibank, Inc. has announced that it has shortened the offer period for its third Peso-denominated ASEAN Sustainability Bond issue.

BlackRock Assets Hit Record $10.65 Trillion On ETF Flows, Rising Stocks

By The Financial District

Jul 171 min read

BlackRock Assets Hit Record $10.65 Trillion On ETF Flows, Rising Stocks

Assets managed by BlackRock hit a record $10.65 trillion in the second quarter thanks to rising client asset values and as investors...

OFW Remittances Hit $2.88 Billion In May

By The Financial District

Jul 151 min read

OFW Remittances Hit $2.88 Billion In May

Personal remittances from Overseas Filipinos (OFs) rose by 3.7 percent to US$2.88 billion in May 2024, compared to US$2.78 billion...

Japan's New High-Tech Yen Notes To Deter Counterfeiting

By The Financial District

Jul 151 min read

Japan's New High-Tech Yen Notes To Deter Counterfeiting

Japan's new banknotes -- the first updates since 2004 -- entered circulation recently, featuring the world's first high-resolution...

MUFG Bank Quizzed Over Employee’s Role In Insider Trading

By The Financial District

Jul 111 min read

MUFG Bank Quizzed Over Employee’s Role In Insider Trading

Japan's securities watchdog has conducted a probe at the headquarters of MUFG Bank, one of the country's megabanks, over an employee's...

By The Financial District

Jul 103 min read

Gov't. Boosts Climate Finance

The Department of Finance (DOF) spearheaded a hybrid roundtable discussion as the lead facilitator for Climate Finance Network (CFN)...

Raiffeisen’s Bet On Russia Leads To U.S. Threats

By The Financial District

Jul 92 min read

Raiffeisen’s Bet On Russia Leads To U.S. Threats

For more than four months, US envoys delivered increasingly shrill warnings to Austria's Raiffeisen Bank International to scrap a deal...

Japan's Pension Fund Rakes In Record $283-B 2023 Profit

By The Financial District

Jul 91 min read

Japan's Pension Fund Rakes In Record $283-B 2023 Profit

Japan's government pension fund has reported a largest-ever profit of 45.42 trillion yen ($283 billion) for the year through March 2024...

Swiss Price Regulator Puts UBS Under Observation

By The Financial District

Jul 81 min read

Swiss Price Regulator Puts UBS Under Observation

Switzerland's consumer pricing watchdog has placed UBS under observation following its takeover of Credit Suisse.

BPI To Float PHP5 Billion Sustainable Bonds

By The Financial District

Jul 51 min read

BPI To Float PHP5 Billion Sustainable Bonds

The Bank of the Philippine Islands (BPI) plans to offer and issue PHP5 billion peso-denominated fixed-rate ASEAN Sustainable Bonds due...

Bangko Sentral To Facilitate Payment Systems Protocol

By The Financial District

Jul 33 min read

Bangko Sentral To Facilitate Payment Systems Protocol

The Bangko Sentral ng Pilipinas, the Bank for International Settlements (BIS), and partners today announced that they have completed the...

BSP Eyes Open Finance For Financial Inclusion

By The Financial District

Jul 32 min read

BSP Eyes Open Finance For Financial Inclusion

The Bangko Sentral ng Pilipinas (BSP) is ramping up its financial inclusion efforts by exploring uses for Open Finance, measuring...

By The Financial District

Jul 32 min read

FCDU Loans Of Banks Hit $16.1 Billion

Outstanding loans granted by Foreign Currency Deposit Units (FCDU) of banks stood at US$16.1 billion as of the end of March 2024.

Judge Nixes $30-B Settlement Of Visa And Mastercard With Retailers

By The Financial District

Jul 31 min read

Judge Nixes $30-B Settlement Of Visa And Mastercard With Retailers

A federal judge has formally rejected a $30 billion preliminary swipe-fees settlement between Mastercard, Visa, and retailers.

By The Financial District

Jul 21 min read

Rural Banks To Foster Inclusive Growth

The Bangko Sentral ng Pilipinas (BSP) emphasized the importance of digitalization in enhancing rural bank operations during the Rural Bank..

World Bank Approves $400-M Loan For PH Reforms

By The Financial District

Jul 23 min read

World Bank Approves $400-M Loan For PH Reforms

The World Bank’s Board of Executive Directors has approved a US$400 million loan to support reforms that will assist the Government of the..

Bangko Sentral Recovers 211.6 Million Coins Worth PHP783.6 Million

By The Financial District

Jul 11 min read

Bangko Sentral Recovers 211.6 Million Coins Worth PHP783.6 Million

The Bangko Sentral ng Pilipinas (BSP) announced that PHP783.6 million worth of coins have been deposited through its coin deposit machines..

Ana Maria Aboitiz-Delgado Named New UnionBank President and CEO For 2025

By The Financial District

Jun 292 min read

Ana Maria Aboitiz-Delgado Named New UnionBank President and CEO For 2025

Premier universal bank, Union Bank of the Philippines, has announced the appointment of Ana Maria Aboitiz-Delgado as its new President and..

Most Americans Favor Forgiving Medical Debt: AP-NORC Poll

By The Financial District

Jun 251 min read

Most Americans Favor Forgiving Medical Debt: AP-NORC Poll

Many Americans want medical debt forgiven.

Board of Investments Confident Of Achieving Target Approvals For 2024

By The Financial District

Jun 252 min read

Board of Investments Confident Of Achieving Target Approvals For 2024

The Board of Investments remains confident that it will achieve its target approvals of PHP1.3 trillion to PHP1.5 trillion this year...

Standard Chartered Loses Bid To Cut U.S. Sanctions Breach Claims From UK Lawsuit

By The Financial District

Jun 241 min read

Standard Chartered Loses Bid To Cut U.S. Sanctions Breach Claims From UK Lawsuit

Standard Chartered has lost a bid to remove from a London lawsuit allegations that it broke US sanctions against Iran more extensively...

Supreme Court Ruling Awaited By Thrift Bank Depositors

By The Financial District

Jun 242 min read

Supreme Court Ruling Awaited By Thrift Bank Depositors

Depositors of the closed Maximum Savings Bank are eagerly awaiting a decision from the Supreme Court allowing them to recover funds.

Finance Sec. Recto Pitches "Investment Haven PH" To Japanese Firms

By Reggie Vizmanos

Jun 232 min read

Finance Sec. Recto Pitches "Investment Haven PH" To Japanese Firms

Department of Finance (DOF) Secretary Ralph Recto invited Japanese companies to invest in the Philippines as he pitched the country as a...

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