WebClick Tracer

September 24, 2023

BOI, Security Bank, and MUFG forge partnership to boost Japanese investments in the Philippines

The Philippine Board of Investments (BOI) has partnered with Security Bank Corporation (Security Bank) and MUFG Bank to encourage Japanese investors to explore opportunities in the Philippines.

Under the Memorandum of Understanding (MOU), the three entities will collaborate on various initiatives, including online investment seminars and information exchange, to promote investments and foster economic collaboration between investors and corporations.

The partnership will leverage the expertise and capabilities of Security Bank and MUFG, as well as BOI’s investment promotion programs, to facilitate greater business flows and opportunities for Japanese and Filipino companies.

The joint efforts will focus on sectors such as real estate, renewable energy, infrastructure, and healthcare.


Three rural banks merge to enhance financial stability

Three rural banks have successfully merged in a move aimed at bolstering their financial stability, as confirmed by the Bangko Sentral ng Pilipinas (BSP). The merger officially took effect on July 13, following the necessary regulatory approvals, as detailed in a circular letter signed by Bankero and BSP Deputy Governor Chuchi G. Fonacier on September 15.

Read More ...