Bank redoubling efforts to meet digital demand
Security Bank has been upgrading its online platforms amid the surge in demand for digital banking during this pandemic, its president said.
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Security Bank has been upgrading its online platforms amid the surge in demand for digital banking during this pandemic, its president said.
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New World Development Company Ltd. and DBS Group Holdings Ltd. have completed Hong Kong’s first interest rate swap linked to United Nations sustainable development goals.
The simplification of the tax base of excise tax for wine products, especially for sparkling wine, may reduce government’s revenue collection, state-run National Tax Research Center (NTRC) said.
A financial technology (fintech) group said the Philippines is establishing itself as a digital hub in the Asia-Pacific after monetary authorities released an online banking framework.
Philippine Bank of Communications (PBCom) has formed its digital-first customer base after introducing a mobile application amid the lockdown measures due to the coronavirus pandemic.
The Development Bank of the Philippines (DBP) is eyeing to raise at least P5 billion from a bond offering to finance green projects under its Sustainable Financing Framework.
The remittance service unit of BDO Unibank Inc. is waiving charges on typhoon donations from overseas Filipinos to encourage more cash aid.
BDO Unibank Inc. now fully owns BDO Nomura Securities after completing the buyout of the stake held by Nomura Holdings Inc.
The Philippine peso, which lagged behind its peers in Asia this quarter, may get a boost in December with millions of Filipinos abroad set to send record amounts of money home to help families suffering from the pandemic and the recent typhoons.
A bank executive said the Philippine economy can rely on the fundamentally-strong financial sector to remain on track as it clambers from recession.
The current pandemic has made associations revisit their membership models. With declining revenue streams due to event cancellation, inability of members to pay membership dues because of layoffs, and difficulty finding sponsors and donors, associations struggle to do “business as usual.”
DESPITE the negative outlooks on banks, Fitch Ratings Inc. said negative rating actions on Asian banking systems are not expected to come aplenty if governments show signs that they can bring down Covid-19 cases effectively.
Union Bank of the Philippines warned the public of a new phishing scheme amid the holidays.
Despite suffering significant revenue losses due to the suspension of gaming operations during the lockdown, state-run Philippine Amusement and Gaming Corp. (Pagcor) earmarked P2 billion for the construction of multi-purpose evacuation centers (MPECs) for typhoon-hit provinces.
ING Bank NV’s Philippines office launched on Tuesday an online payment solution application, which charges zero fees on transactions.
IN 2019, the Bureau of the Treasury (BTr) entered into a partnership with the Financial Executives Institute of the Philippines (Finex) through the latter’s educational arm, the Finex Academy.
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Treasury Bills (T-bills) rates across the board further dropped days after monetary authorities further cut interest rates at levels not seen in the country’s monetary history.
More senior citizens acquiring investments online amid the shift to digital banking transactions was a surprising turn of events, Rizal Commercial Banking Corp. (RCBC) said.
State pension fund Government Service Insurance System (GSIS) announced it has maintained the International Organization for Standardization (ISO) 9001:2015 certification of its major processes after the remote surveillance audit last November 4.
The Philippines is eyeing to secure an additional loan from South Korea, according to the Department of Finance (DOF).
THE Supreme Court has reminded the government to exercise its power of taxation fairly and uniformly as it upheld the validity of the compromise settlement between the Bureau of Internal Revenue and electric utility provider Korea Electric Power (Kepco) Philippines Corp. over Kepco’s tax deficiencies amounting to almost P300 million for the year 2006.
SENATORS have called out the Anti-Money Laundering Council (AMLC) for its apparent tepid efforts to monitor Philippine Offshore Gaming Operators (Pogos) with headquarters in the British Virgin Islands (BVI) and other known tax havens.
Electronic banking and payment network BancNet strengthened its safeguard measures against fraud and other malicious activities after meeting the latest global data security standard.
Amid increasing cases of digital fraud, Metropolitan Bank & Trust Co. (Metrobank) recently launched a financial education initiative aimed at raising awareness about online scams.
The United States Agency for International Development (USAid) is extending a multi-million peso grant to achieve water security in three Philippine provinces.
Japanese leasing firm Tokyo Century Corp. (TCC) is bound to become the majority shareholder in its joint venture with Bank of the Philippine Islands (BPI) after deciding to acquire additional 2-percent stake.
THE recently-listed P5-billion maiden offering of sustainability bonds by the Land Bank of the Philippines was met with robust demand during the offer period.
A top official of the Development Bank of the Philippines (DBP) announced the state-run bank has signed an agreement with the Philippine Rice Research Institute (PhilRice) for the implementation of a program designed to enhance the delivery and distribution of seeds to rice farmers through digital technology.
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