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November 28, 2023

BSP plans to expand digital bank licenses soon

Bangko Sentral ng Pilipinas (BSP) is considering reopening the application window for digital bank licenses sooner than planned to meet the increasing demand for digital banking services in the Philippines.

HMO industry records P320 million loss in Q1

The health maintenance organization (HMO) industry in the Philippines experienced a net loss of P320 million in the first quarter of the year as benefits and claims by its members increased significantly.

Landbank approves P50-Billion investment in Maharlika

Finance Secretary Benjamin Diokno announced on Friday that the Land Bank Board has given its approval for a P50-billion investment in Maharlika Investment Corporation, as mandated by Republic Act 11954. Diokno cited that the implementation of the Maharlika Investment Fund is expected to be completed before the end of the year.