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Philippine Judges Receive Financial Crimes and Money Laundering Training

From November 19 to 20, 2019, the U.S. Embassy in the Philippines continued to partner with the Philippine Judicial Academy in training 24 Mindanao...
Overseas Remittances

Philippines Now Reports Banking Statistics to BIS

The Philippines will join an elite group of less than 50 jurisdictions worldwide which report cross-border banking statistics to the Bank for International Settlements...
PNB

PNB Savings Bank’s Net Income in Q1 up 29%

PNB Savings Bank (PNBSB), the consumer arm of Philippine National Bank (PNB), posted higher earnings in the first quarter of 2016. Ranked no. 3 in...
Philippine Stocks

Philippine Stock Exchange To Hold Regular Trading During APEC Meetings

MANILA - The Philippine Stock Exchange, Inc. (PSE) and the Securities Clearing Corporation of the Philippines will have regular trading, clearing and settlement on...
Philippine Stocks

Philippine Stock Exchange Appeals to Government to Open Financial Clearings, Settlements During APEC

The Philippine Stock Exchange, Inc. (PSE) has asked the Bangko Sentral ng Pilipinas (BSP) to make financial clearing and settlement operations among the services...

SM Prime Holdings Inc’s Planned Php20-B Bond Issue Gets Highest Rating

PHILIPPINES - SM Prime Holdings, Inc (PSE:SMPH)'s proposed bond issue of up to Php20 billion has been assigned a rating of PRS Aaa, the...

Rizal Commercial Banking Corporation (PSE:RCB) Appoints New Asset Management Head

PHILIPPINES - Rizal Commercial Banking Corporation (PSE:RCB) has announced the appointment of John Thomas G. Deveras as Head of Asset Management and Remedial Group,...

Philippine Bank Lending Slows in March – BSP

MANILA, PHILIPPINES – Bank lending in the Philippines slowed down in March from a month ago, posting a growth of just 13.7 percent from...

Philippine Banks Banned From Sending Unsolicited Advertisements Through SMS

MANILA, PHILIPPINES – The central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP), issued an advisory to the public to inform them of...

World Bank Cites Philippine Banking System

MANILA, PHILIPPINES - The World Bank (WB) cited the financial consumer regulatory environment in the domestic banking system in its “Republic of the Philippines:...

Philippine Foreign-Exchange Reserves Hit 3-Month Low in March

MANILA, PHILIPPINES - Foreign exchange reserves in the Philippines fell to USD80.4 billion as of the end of March from USD80.8 billion in February,...
Philippines

Philippines Inflation Eases to 2.3% in September

Year-on-year headline inflation in the Philippines eased to 2.3 per cent in September from 2.4 per cent in the previous month and was within...

Tonik Raises $21m, Ready to Launch Digital Bank in PH

Singapore-based financial startup Tonik Financial Pte Ltd is launching its digital bank in the Philippines, with a target start of commercial operations in Q3...
Banking Industry

Philippine Banks Remain Optimistic on Economic Prospects: Survey

The banking industry in the Philippines remains optimistic on the country’s economic prospect amid global uncertainties and market volatility, the latest Banking Sector Outlook...
I-Remit Philippines

I-Remit Philippines Partners with Travelex in Bahrain

Listed online money remittance firm I-Remit Philippines announced its partnership with Travelex, a foreign exchange specialist in Bahrain, to further serve Filipino remitters in...
Overseas Remittances

Philippines: Overseas Remittances Hit USD17.9bn In Jan-July Period

Personal remittances from overseas Filipinos (OFs) amounted to US$2.6 billion in July 2017, posting an 8.7 percent increase year-on-year, data from the Bangko Sentral...
ASEAN Finance Ministers

12th ASEAN Finance Ministers Investors Forum Set in Cebu

The island of Mactan in the province of Cebu is hosting this week the 12thASEAN Finance Ministers Investors Seminar (AFMIS), which aims to tackle...
ASEAN Finance Ministers

ASEAN Finance Ministers, Central Bank Governors To Meet in Cebu

MACTAN, Cebu - Finance ministers and central bank governors from the Association of Southeast Asian Nations (ASEAN) are meeting starting Monday, 03 April, in...
Banking Industry

Remittances of Overseas Filipinos Hit New Record Highs in December

Personal remittances from overseas Filipinos (OFs) registered a new record high of US$2.8 billion in December 2016, posting a year-on-year growth of 3.6 percent,...
Banking Industry

Philippine FDI Hits USD7bn in 11 Months in 2016

Foreign direct investments (FDI) in the Philippines recorded net inflows of US$756 million in November 2016, higher by 59.4 percent than the US$474 million...