Based on the latest report from Research and Markets, the world’s largest market research store, the alternative lending market in the Philippines has been growing by 45.4% on an annual basis and the total amount of loans made may be expected to reach US$488.8 million by the end of 2023. The alternative lending market in the country is also […]
Bank of Commerce (BankCom), the affiliate bank of San Miguel Corporation (SMC), is seeing a larger market potential for its “SIKAPPINOY Asenso” (Asenso) all-in-one remittance, savings, and investments platform for Filipinos in Japan. The bank made this announcement following the release of the latest data from the Bangko Sentral ng Pilipinas (BSP), which showed an […]
Arifa A. Ala (a.k.a. AG Ala), assistant governor of the Bangko Sentral ng Pilipinas (BSP), has once again been named one of the “Most Influential Women in Islamic Business and Finance” by WOMANi during simple ceremonies held in Dubai, United Arab Emirates last December 4, 2023. BSP Assistant Governor Arifa Ala (center), one of WOMANi’s […]
CIBC has formed a new collaboration with Visa, a trusted network and world leader in digital payments, to help the bank’s clients send remittances across borders safely and more conveniently. With Visa’s money movement capabilities, clients of CIBC and its digital banking division Simplii will now be able to send money to more digital wallets in the Philippines, China, Bangladesh, […]
For the period October to December 2023, the Philippine Monetary Board has approved seven (7) public sector medium-to-long-term (MLT) foreign borrowings totalling US$3.32 billion. The said amount is 65.8% (US$1.32 billion) higher than the US$2 billion MLT foreign borrowings approved for the same period last year. IMAGE CREDIT: https://www.adb.org/what-we-do/ Meanwhile, public sector foreign borrowings approved […]
Museigen.io, an officially registered Philippine company whose mission is to equip individuals with the knowledge and skills needed to thrive in rapidly expanding technology sectors (such as blockchain and cryptocurrency), as well as in the dynamic world of business, finance, and entrepreneurship, is inviting all crypto enthusiasts to join them on a journey of discovery and […]
The Philippine Deposit Insurance Corp. (PDIC) has recently added LandBank’s Link.BizPortal digital payment facility to its array of available payment channels. Using clients’ eligible source accounts such as LandBank or OFBank deposit account and/or corporate payment, e-wallet account and deposit accounts with other banks, the Link.BizPortal can now be tapped by clients of closed banks […]
Last December, Citicore Renewable Energy Corporation (CREC) announced that it had filed a registration statement with the Securities and Exchange Commission (SEC) relating to the proposed initial public offering of its common shares. Under the terms of the offer, CREC plans to issue up to 2,900,000,000 shares, at a price of up to Php3.88 per […]
President Ferdinand R. Marcos, Jr. has recently designated Finance Secretary Ralph G. Recto as Cabinet representative to the Monetary Board (MB), the highest policy-making body of the Bangko Sentral ng Pilipinas (BSP). BSP Governor Eli M. Remolona, Jr. (left), chairperson of the Philippine Monetary Board, is shown here while administering Secretary Recto’s oath of office […]
MONEYBEES, a virtual asset service provider (VASP) specializing in over-the-counter crypto exchanges, has recently expanded its service outreach by tapping the jewellery appraisal industry, partnering with Willyn Villarica Jewelry to enable more Filipinos to conveniently buy and sell crypto using fiat. IMAGE CREDIT: https://www.linkedin.com/company/moneybees/ Located at Market! Market! in Taguig City, the branch has become […]
