Banking & Finance

The Bangko Sentral ng Pilipinas (BSP) and the Commission on Elections (COMELEC) signed an Escrow Agreement for the safekeeping of the Automated Election Systems (AES) source code for the National and Local Elections in May 2022. Under Republic Act No. 9369 or “The Election Automation Law,” the COMELEC is mandated to deposit the AES source codes with the BSP for …

The 2021 Asset Benchmark Research Awards once again recognized Metrobank as thePhilippines’ leading fixed income house in its Asian Local Currency Bonds category. Metrobank was ranked first among the “Top sell-side firms in the Secondary Market,” both inCorporate and Government bonds. In the “Top Arranger – Investor’s Choice for Primary Issues”category, they ranked first and third for Government and Corporate …

The Bangko Sentral ng Pilipinas (BSP) encouraged foreign investors to take advantage of investment opportunities in the country’s rapid digital transformation and serve as partners in growth and nation-building

The Monetary Board (MB) has approved the imposition of ceilings on interest rates, penalties, and other fees and charges on small-value, short-term, general purpose, and unsecured loans extended by Lending Companies (LCs), Financing Companies (FCs), and their Online Lending Platforms (OLPs).

The Bangko Sentral ng Pilipinas (BSP) issued the Environmental and Social Risk Management (ESRM) Framework in line with its commitment to champion the sustainability agenda in the financial system.

The Bangko Sentral ng Pilipinas (BSP) will issue starting second quarter of 2022 polymer banknotes which are more cost-efficient, durable and hygienic than the paper-based bills.

Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno and Monetary Authority of Singapore Managing Director Ravi Menon present the signed cooperation agreement (CA) aimed at facilitating interoperable payments between the two countries.

The Bangko Sentral ng Pilipinas (BSP) underscores the importance of the proposed Financial Consumer Protection Act (FCPA) as an enabling law for protecting financial consumer welfare.

As we approach the second-half of the year, most employees may have already received their mid-year bonuses in their respective payroll accounts. Unfortunately, scammers are also expecting the same. Recently, illegal investment schemes have been lurking around every corner, waiting for the most opportune time to fool you into “investing” your hard-earned money.

The Philippine government is doubling its efforts to improve anti-money laundering and terrorist financing regulations for the purpose of getting the country removed from the watchlist of Financial Action Task Force (FATF), a global dirty money watchdog.