Gov’t extends P58B funding to investment promotion agencies over 5-yr period
The government has extended a whopping P58 billion in budgetary support to investment promotion agencies (IPAs) between 2017 and 2021, according to the Fiscal Incentives Review Board (FIRB) Secretariat.
OFW remittances book smallest growth in over a year in February
Remittances sent home by overseas Filipino workers (OFWs) booked its smallest growth in more than a year due to the reimposition of strict COVID-19 lockdowns in host countries as well as the Philippines.
Netizens show ‘receipt’ of VP Leni’s withdrawal
Netizens on Twitter turned to humor reacting to the joint press conference of presidential bets Isko Moreno, Ping Lacson, and Norberto Gonzales yesterday at the Manila Peninsula Hotel.
Credit bureau, BSP to celebrate Credit Consciousness Week
The Credit Information Corp. (CIC) has partnered with the Bangko Sentral ng Pilipinas (BSP) to hold special webinar series to provide helpful tips on how to better manage one’s debt as the country celebrates the Credit Consciousness Week.
Public told to use security features for online transactions
The Bangko Sentral ng Pilipinas (BSP) has urged the public to use all available security features for online transactions as part of efforts to protect consumers from fraudulent activities and strengthen cyber security.
Consumer finance app BillEase secures $20M funding
Consumer finance app BillEase operated by First Digital Finance Corp. (FDFC) has secured $20 million debt facility from Lendable to further accelerate the growth of its business in the Philippines.
Directors of RCBC bag 32% jump in fees, compensation
The members of the Board of Directors of Yuchengco-led Rizal Commercial Banking Corp. (RCBC) headed by bankero Eugene Acevedo is set to receive P92.06 million in fees and compensation this year, 32.1 percent higher than last year’s P69.69 million.
Security Bank funds new chemotherapy prep room at PGH
Security Bank Corp. led by bankero Sanjiv Vohra has funded the establishment of a new chemotherapy prep room at the Philippine General Hospital (PGH) that was inaugurated late last month.
BPI Foundation aids 2,000 evacuees in Batangas
The foundation arm of Bank of the Philippine Islands (BPI) led by bankero TG Limcaoco has donated relief assistance to around 400 families or 2,000 evacuees in Agoncillo, Batangas affected by the recent activities of the Taal Volcano.
UnionBank partners with Aboitiz to ‘tech up’
Union Bank of the Philippines led by bankero Edwin Bautista has teamed up with parent firm Aboitiz Equity Ventures Inc. (AEV) to improve the digitalization an innovation of micro, small, and medium enterprises (MSMEs) in the tourism sector.