DBP has renewed its commitment to the government’s three-year food supply and logistics master plan, pledging financial support and collaboration to ensure reliable food supply and modernize the distribution system.
The Securities and Exchange Commission (SEC) has entered into an agreement with GCash to jointly combat online fraud, investment scams, and cybercrimes.
Tonik has extended its partnership with financial software provider Finastra to enhance its core banking functions and accelerate online services.
The Bangko Sentral ng Pilipinas (BSP) has disqualified Riyben Foreign Exchange for operating an unregistered money service business, part of BSP’s ongoing efforts to curb unauthorized MSBs, following similar actions taken against six other firms earlier this year.
Transactions through PESONet and InstaPay surged by 30.5 percent in value and 38.9 percent in volume, driven by increased digital banking adoption, according to Bangko Sentral ng Pilipinas data, aligning with the central bank’s aim to boost digital payments.
Metrobank has been named the Strongest Bank in the Philippines by The Asian Banker for the third consecutive year, based on a range of performance factors, including growth, risk management, and profitability.
RCBC reports a significant increase in ATM transactions for non-RCBC cardholders, driven by growth in international withdrawals, and plans to expand ATM deployments in high-traffic areas.
The Insurance industry saw a 0.49% year-on-year decrease in combined premiums during the second quarter, according to data from the Insurance Commission.
The Bangko Sentral ng Pilipinas (BSP) has closed the Rural Bank of Talisay (Cebu), Inc., marking the seventh rural bank closure this year in compliance with the amended Republic Act No. 7653.
Metrobank has agreed to provide Globe Telecom Inc. with a P15-billion term loan facility to finance capital expenditures, debt refinancing, and general corporate requirements, as the telecom company allocates funds for data network expansion and the deployment of 5G technology.