Union Bank of the Philippines announced recently that it has just secured a license from the Bangko Sentral ng Pilipinas (BSP) to operate as a virtual asset service provider (VASP) — any natural or legal entity that exchanges, holds, safe-keeps, sells, converts, or transfers virtual assets on behalf of another natural or legal entity. As such, […]
During a recent courtesy call to Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr., British Ambassador to the Philippines Laure Beaufils confirmed that the UK government will continue to work closely with the Philippines on regulatory reform, sustainable financing, and financial technology and services. “We spoke about our common interests in financial services, the […]
Digital Pilipinas conference discusses the pivotal role of ‘sustainabilitytech‘ in shaping a sustainable future According to the latest World Economic Forum 2022 report, digital technologies are now transforming global environmental conservation efforts with the potential to reduce, by 2050, up to 20% of carbon emissions in the three highest emitting sectors — energy, transportation, and […]
Over the course of the next five years, East West Banking Corp. may be expected to raise the bonds it will be issuing, increasing the total by up to P30 billion, for use to refinance its maturing obligations, promote asset expansion, and diversify funding sources. In a disclosure made to the Philippine Stock Exchange (PSE), […]
Last week, the 2023 Alliance for Financial Inclusion (AFI) Global Policy Forum issued a public declaration, aptly called the “Manila Manifesto,” which called on global financial standard-setting bodies to help make financial products and services more accessible, safe, and affordable for everyone. IMAGE CREDIT: https://www.afi-global.org/ The 2-day forum was jointly hosted by the AFI and the […]
Digital Pilipinas Festival 2023 launched, set to take place November 21 to 24, 2023 With a GDP growth rate of 7.6% in 2022 and a PHP 1.5 trillion investment in progress, the Philippines is poised to become the prime investment and digital bridgeway to the thriving ASEAN region. DTI Secretary Alfredo E. Pascual, Senator Robin […]
Innovative artificial intelligence, low-coding, and digital office features elevate the event experience Alibaba’s intelligent collaboration workplace and application development platform DingTalk unveils its solution for Hangzhou Asian Games (DingTalk for Asian Games), an enhanced edition of DingTalk designed to improve the operational efficiency of the Games. A low-code application developed for training venues’ booking on DingTalk […]
Two new members of the Philippine Monetary Board have just been sworn in! Welcome Rosalia V. De Leon, former National Treasurer, and Romeo L. Bernardo, former undersecretary of the Department of Finance, who will both serve six-year terms as the newest members of the Philippine Monetary Board. Bangko Sentral ng Pilipinas (BSP) Governor Eli M. […]
Listed China Banking Corp. is injecting an extra P2 billion into its thrift banking division to support continued loan growth and increase its capacity to service new banking population segments. The capital infusion to China Bank Savings Inc. (CBSI) was approved by the board of directors of the Sy-led bank recently in order to support […]
With 1.4 billion people still excluded from the formal financial system, leaders of central banks, ministries of finance, as well as financial regulators from all over the world are now gathering in the Philippines to discuss how to make financial products and services safe, accessible, and affordable for all. About 700 delegates from over 70 […]
