DBP commits to funding government’s food supply and logistics program
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.
SEC and GCash collaborate to fight online fraud
The Securities and Exchange Commission (SEC) has entered into an agreement with GCash to jointly combat online fraud, investment scams, and cybercrimes.
Tonik extends partnership with Finastra to enhance banking services
Tonik has extended its partnership with financial software provider Finastra to enhance its core banking functions and accelerate online services.
BSP disqualifies unregistered money service business
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.
PESONet and InstaPay transactions soar, signaling digital payment growth in the Philippines
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 clinches ‘Strongest Bank’ title for third consecutive year
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 witnesses surge in ATM transactions, targets expansion in high-traffic areas
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.
Insurance industry records decrease in Q2 premiums
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.
BSP shuts down rural bank in Cebu, bringing 2023 closure tally to seven
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 provides P15B loan facility to Globe Telecom
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.