PSE green lights Bank of Commerce IPO
Bank of Commerce led by banker Michelangelo Aguilar on Wednesday received the green light from the Philippine Stock Exchange (PSE) to raise as much as P3.5 billion through an initial public offering.
Philippine banks extend P852B in agri-agra loans
Banks operating in the country extended P852 billion worth of loans to the agriculture and agrarian reform sector last year, 19.3 percent higher than the P713.6 billion disbursed in 2020.
BSP to launch CBDCPh for use of digital currencies in the country
The Bangko Sentral ng Pilipinas (BSP) on Wednesday moved a step closer in launching the CBDCPh which will pilot test the implementation of digital currencies in alignment with the national payment system in the country.
UnionBank, Globe partnership a game changer in fraud investigation
Union Bank of the Philippines headed by bankero Edwin Bautista is taking its campaign against cybercrime to the next level through a partnership with the Ayala-led Globe Telecom.
Fintech offers study-now-pay-later plans for yuppies
Young professionals looking to boost their entrepreneurial credentials may now upskill or reskill themselves without having to bust their wallets.
COVID-19 pandemic uncertainties lead to drop in MSME lending
Micro, small, and medium enterprises (MSMEs) have yet to fully recover from the impact of the COVID-19 pandemic as loans extended to the sector declined by 3.6 percent to P463.13 billion last year from P480.5 billion in 2020.
BPI augments digital platform with BizKo app for MSMEs
Ayala-led Bank of the Philippine Islands headed by bankero TG Limcaoco has augmented its digital platform with the BizKo app to help micro, small, and medium enterprises (MSMEs) amid the ongoing COVID-19 pandemic.
Neobank linked to BDO set to capture as much of the $12B remittance market in the US
In a little over a week, the neobank BayaniPay will begin servicing the remittance needs of migrant professionals, especially the country’s overseas Filipino workers (OFW) in the United States.
No more telecommuting or work-from-home arrangements by April this year
The pandemic is still raging but government planners on Wednesday have started to phase in the next normal with a directive on telecommuting, more known as work-from-home (WFH) arrangements, which should no longer exceed 90 percent of work forces nationwide by April this year.