BANKING & FINANCE 7/63

74 Projects Worth PHP2.32 Trillion Endorsed For Green Lane Treatment

By Reggie Vizmanos

Jun 212 min read

74 Projects Worth PHP2.32 Trillion Endorsed For Green Lane Treatment

Seventy-four projects totaling PHP2.32 trillion have been issued green lane certificates by the Board of Investments (BOI) One-Stop Action..

Zambia Court Hands Stiff Prison Terms For Chinese Cybercrime Gangsters

By The Financial District

Jun 211 min read

Zambia Court Hands Stiff Prison Terms For Chinese Cybercrime Gangsters

Lengthy jail terms have been handed to 22 Chinese citizens—and a Cameroonian man—for cyber-related crimes in Zambia.

Fintech Firm Salmon Group Eyes Hiking Loan Portfolio In PH To $2-B

By Reggie Vizmanos

Jun 201 min read

Fintech Firm Salmon Group Eyes Hiking Loan Portfolio In PH To $2-B

Financial technology firm Salmon Group Ltd. has set its sights on a significant expansion of its loan portfolio in the Philippines.

U.S. Treasury, IRS To Close $50-B Tax Loophole On Partnerships

By The Financial District

Jun 201 min read

U.S. Treasury, IRS To Close $50-B Tax Loophole On Partnerships

The US Treasury and Internal Revenue Service have announced that they will close a tax loophole exploited by large, complex partnerships...

IFC Invests $100-M In Social Bond In The Philippines

By Reggie Vizmanos

Jun 182 min read

IFC Invests $100-M In Social Bond In The Philippines

To expand financial inclusion and support human capital development in the Philippines, the International Finance Corporation (IFC) is...

Electronic Fund Transfer Mechanism Now In Place

By The Financial District

Jun 151 min read

Electronic Fund Transfer Mechanism Now In Place

The Monetary Board, the governing body of the Bangko Sentral ng Pilipinas (BSP), has approved the standards for electronic fund transfers...

By The Financial District

Jun 122 min read

SSS Pension Booster A Plus For Economy

Finance Secretary and Social Security Commission (SSC) Chairperson Ralph G. Recto has lauded the Social Security System (SSS) for...

By The Financial District

Jun 113 min read

New Maritime Vessels For Philippines

Finance Secretary Ralph G. Recto underscored that the new maritime vessels acquired by the Philippine government from Japan will steer the..

International Operation Cripples China-led Botnet Engaged In $5.9 Billion Fraud, Cyberattacks

By The Financial District

Jun 112 min read

International Operation Cripples China-led Botnet Engaged In $5.9 Billion Fraud, Cyberattacks

An international law enforcement operation led by the U.S. Justice Department has disrupted a botnet used to commit cyberattacks, large...

48-B Yen in Bitcoin Disappears From Japan Exchange

By The Financial District

Jun 71 min read

48-B Yen in Bitcoin Disappears From Japan Exchange

DMM Bitcoin Co., the operator of a Japanese cryptocurrency exchange, said that digital assets worth at least 48.2 billion yen...

Vietnam Expands Rescue Of Bank Owned By Property Tycoon On Death Row

By The Financial District

Jun 61 min read

Vietnam Expands Rescue Of Bank Owned By Property Tycoon On Death Row

Vietnam's central bank lent another $1.2 billion to the ailing Saigon Joint Stock Commercial Bank (SCB) over the last two months.

LandBank Unveils GoBayani Digital Savings Account For Filipinos Abroad

By The Financial District

Jun 62 min read

LandBank Unveils GoBayani Digital Savings Account For Filipinos Abroad

State-run Land Bank of the Philippines has announced the launch of the new GoBayani digital savings account, aiming to provide secure and...

Melinda French Gates To Donate $1-B For Women’s Rights

By The Financial District

Jun 41 min read

Melinda French Gates To Donate $1-B For Women’s Rights

Melinda French Gates announced she will donate $1 billion over the next two years to support individuals and organizations working for...

Italian Banks Must Quit Russia, ECB’s Panetta Says

By The Financial District

May 291 min read

Italian Banks Must Quit Russia, ECB’s Panetta Says

Italian banks must halt their business in Russia as staying in the country also brings a "reputational problem.”

PHP2.5 Billion Loans To Rice Farmers Released By Landbank

By The Financial District

May 292 min read

PHP2.5 Billion Loans To Rice Farmers Released By Landbank

Up to PHP2.5 billion in loans have been released to the country’s rice farmers as of April 30, 2024, through the Expanded Rice Credit...

SSS Announces Coverage For 600 PTV Employees

By The Financial District

May 283 min read

SSS Announces Coverage For 600 PTV Employees

The Social Security System (SSS) announced that nearly 600 cameramen, production assistants, reporters, and newscasters working at the...

Netherlands Queen Vows Financial Inclusion Support

By Lito U. Gagni

May 284 min read

Netherlands Queen Vows Financial Inclusion Support

Finance Secretary Ralph G. Recto has welcomed the support of Her Majesty Queen Máxima of the Netherlands, the United Nations Secretary..

BBM Readies ₱3 Billion Standby Funds For Typhoon Aghon Victims

By The Financial District

May 282 min read

BBM Readies ₱3 Billion Standby Funds For Typhoon Aghon Victims

President Ferdinand R. Marcos Jr. extended PHP1.2 million in humanitarian assistance and prepared over PHP3 billion in standby funds to...

Shutdown Of Synapse Freezes Deposits Of Americans

By The Financial District

May 271 min read

Shutdown Of Synapse Freezes Deposits Of Americans

The bank accounts of tens of thousands of US companies and consumers have been frozen in the aftermath of the abrupt shutdown and...

Vietnam Forfeits $2.5 Billion In Foreign Aid

By The Financial District

May 271 min read

Vietnam Forfeits $2.5 Billion In Foreign Aid

Vietnam forfeited at least $2.5 billion in foreign aid over the last three years and may lose another $1 billion due to administrative...

BOJ Won’t Exchange Old Yen Notes For New Designs

By The Financial District

May 241 min read

BOJ Won’t Exchange Old Yen Notes For New Designs

The Bank of Japan (BOJ)'s head office and branches will not exchange old notes for the new designs going into circulation on July 3.

UK Regulator Fines Citi $79-M For Having Faulty Trading System

By The Financial District

May 231 min read

UK Regulator Fines Citi $79-M For Having Faulty Trading System

UK regulators have slapped a combined £62 million ($79 million) fine on Citigroup for failures in its trading systems that almost resulted..

Judge OKs Genesis $3-B Global Plan To Refund Creditors, Crypto Customers

By The Financial District

May 231 min read

Judge OKs Genesis $3-B Global Plan To Refund Creditors, Crypto Customers

A bankruptcy court judge has approved a plan by the cryptocurrency lender Genesis Global to return about $3 billion to its creditors and...

LandBank To Issue QR Code Cards To Beneficiaries Of Gov’t Cash Aid

By Reggie Vizmanos

May 232 min read

LandBank To Issue QR Code Cards To Beneficiaries Of Gov’t Cash Aid

The Land Bank of the Philippines announced plans to issue QR code cards to beneficiaries of national government social amelioration...

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