The bloc of lenders promised to work with the BSP in fighting speculation in the foreign-exchange market as the peso further weakens.
The Bankers Association of the Philippines, which is also tasked to look after the currency market, expressed its support to the central bank’s initiatives including tighter supervision to ensure orderly markets. BAP said it vowed to work against speculative activities that such tend to distort market prices and pose negative effects to the economy.
Medalla assures BBM of strong banking system amid global financial turmoil 
Philippines’ external debt surges to $111.27 billion in 2022 
EastWest VP Isabelle Gotianun Yap among World Economic Forum’s Young Global Leaders Class of 2023 
RCBC partners with Swiftpay, Dragonpay to boost e-payments 
BankCom posts record high net income since SMC acquisition 
The Philippines’ overall balance of payments position slipped into a deficit of $895 million in February , higher than the $157 million recorded in the same month a year ago.
The state-run lender announces a new selection process after receiving numerous queries from interested applicants.
The partnership is in line with banks digitalization and financial inclusion efforts.
CBS opens a new site in Balamban, Cebu.
FWD wins silver Anvil for its Affiliates PH App 3.0.
The Philippine Deposit Insurance Corporation (PDIC) has turned over previously used office furniture and IT equipment to 18 public schools and eight local government units, as part of its commitment to help other government institutions optimize operating efficiency and public service.
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