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BSP: Bitcoin okay but requires regulation

The Bangko Sentral ng Pilipinas (BSP) is open to the use of cryptocurrencies but cited the need for vigilance since these are not regulated by any central bank, Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla Jr. said.

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$1.1T debts in region to mature till ‘22—S&P

$1.1 trillion worth of Asia-Pacific financial and nonfinancial corporate debt will mature in the second half of this year through 2022, which is equivalent to about 11 percent of total debts maturing globally, ratings firm Standard and Poor’s (S&P) said in a report.

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MBFI includes cultural heritage in art campaign

The Metrobank Foundation Inc. (MBFI) announced last September 23 the expansion of its art thrust to educating people on cultural heritage.

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Bold local startups focus on foreign marts—poll

By Riza Lozada Local startup firms eyes entering new foreign markets in the next three to five years, according to the Philippine Startup Survey of Isla Lipana & Co./PwC Philippines and QBO Innovation Hub.

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Western Union expands outlets as transfers grow

International remittance service firm Western Union recently expanded its national retail network in the Philippines with the addition of 1,200 new agent locations.

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Government eyes tax school to enhance BIR, BOC

The government is exploring a grant from the United States to put up the country’s first tax academy, which will serve as a training institution that will provide revenue officials and employees continuing professional education on improving tax collection competence and efficiency.

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DBP bags SME bank plum in Asian tilt

By Riza Lozada State-owned Development Bank of the Philippines (DBP) was named small and medium enterprises (SME) Bank of the Year in the The Asian Banker – Philippine Country Awards for 2017 during ceremonies held last October 6, at the Fairmont Hotel in Makati City. The awards ceremony was held in conjunction with the region’s most prestigious retail banking event, …

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Regional mover seals P5B in new funding

Logistics firm Lalamove, which has been marking strong growth in Southeast Asia and China, with a strong presence in Manila, has recently completed its latest $100M (P5 billion) Series C funding round.

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Security Bank offers P5B in CDs tranche

Listed lender Security Bank Corp (SBC), the country’s fifth largest private bank in terms of assets and capital as of June 30, has launched its initial tranche of long term certificates of deposit (CDs) last October 17 in line with the Bangko Sentral ng Pilipinas’ (BSP) approval to issue CDs dated October 5.

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ICTSI reports banner months for MICT unit

International container port operator International Container Terminal Services, Inc. (ICTSI) posted record productivity at its flagship Manila International Container Terminal (MICT) in the Philippines for August and September with equipment operators achieving their monthly targets.

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