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The Philippine peso ranks sixth in the list of most counterfeited currencies based on the number of fake bank notes confiscated.
It's difficult to determine exactly how much of the world's banknotes are counterfeits, but there's no denying that counterfeiting is a global concern. In the United States alone, an estimated $70 million in counterfeit bills, or nearly a third ...
An economist also weighs in on the report that the BSP sold the most gold in the world in the first half of 2024.
The Bangko Sentral ng Pilipinas has issued a statement defending its gold-selling activities that has led to the Philippines topping the list of countries that have sold the most gold in the world for the first half of 2024. The BSP ...
The neobank is now set to officially roll out its credit card in the Philippines.
Zed, a credit-led financial technology company which has been on a sanctioned pilot for the last six months, has finally secured its license from the Bangko Sentral ng Pilipinas (BSP). This makes the company the first neobank to offer credit cards ...
A total of 34.3 million Filipinos are still unbanked as of 2021, says BSP.
Queen Máxima of the Netherlands, concurrently the United Nations Secretary-General's Special Advocate for Inclusive Finance for Development, is not wasting any chances to help bring better financial services to more Filipinos. In her latest visit to the Philippines, she ...
LandBank is also pushing for an increase in its capital to P1 trillion to hopefully make its way into the equity market.
The Land Bank of the Philippines (LandBank) is looking at entering the debt market again to raise as much as P50 billion, banking on the expected drop in interest rates in the last quarter of the year. If successful, this would be ...
From Secretary Boying Remulla and Special Assistant Antonio Lagdameo Jr. to BSP Governor Eli Semolina Jr. and more.
The Commission on Audit (COA) released its 2023 Report on Salaries and Allowances publicly earlier this month. With it, we learn about the highest-paid government and cabinet officials under the new Marcos administration. Some familiar names here, with 12 of them ...
The Philippine peso-backed stablecoin from Coins.ph will be called PHPC.
The Philippines will soon see its first-ever stablecoin after the Bangko Sentral ng Pilipinas (BSP) gave the green light to cryptocurrency exchange Coins.ph to issue the token, which will be called PHPC.Stablecoins are a type of cryptocurrency designed to ...
With SAVii now under its belt, the Gokongwei-backed digital bank expects to boost its payroll and lending offerings.
Digital bank GoTyme has officially acquired one of the biggest salary lenders in the Philippines: SAVii. The acquisition led by JG Summit and Tyme Group, both shareholders of the Gokongwei-backed bank, is expected to scale up the rollout of payroll-enabled ...
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The country went up five spots in the Global Green Finance Index.
The Philippines seems to be on the right track in developing green projects, a new study confirms.According to the Global Green Finance Index, the country placed 69th out of 96 financial centers worldwide in that regard, up from the 74th spot ...
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Did you know that only six neobanks are Bangko Sentral ng Pilipinas-approved?
With preference growing for online transactions, it's only a matter of time until digital banking becomes more mainstream. (Well, that's if it isn't yet already.)While so many options for electronic payments have emerged, only six digital banks have ...
According to the PSA, regular-milled rice reached P51.11 per kilo in March from P39.90 per kilo in the same month last year, while well-milled rice was at P56.44 from P44.23 per kilo the year before.
Post-holiday blues may have struck the business community in the first quarter of the year, but sentiment improved in the second quarter until the rest of 2024. "The first quarter 2024 Confidence Index (CI) turned less buoyant due mainly to the ...
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Do you have an account with a digital bank? According to the BSP, digital banks have a non-performing loan ratio of around 21%, compared to the banking sector’s 3.4%
Digital banks in the country will continue to remain unprofitable unless they are able to improve on the kinds of loans they extend, and refine their loan collection mechanisms, according S&P Global Ratings. In a recent webinar on the Philippine banking ...
Finance Chief Benjamin Diokno welcomed the newest member of Marcos' lead economic team.
With the exit of Felipe Medalla from the Bangko Sentral ng Pilipinas (BSP), the Presidential Communications Office on Friday, June 23, 2023, announced his replacement. Joining the led economic team of President Ferdinand "Bongbong" Marcos Jr. is long-time economist and expert ...
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