Maya Bank announces near profitability as digital lending and fintech ventures flourish this 2024
Maya Bank Inc., the digital banking arm of PLDT Inc., is making significant strides towards profitability, driven by a surge…
UnionBank elevates service with new investment products, AI use for ultra-high-net-worth clients
by Jan Michael Carpo, reporter UnionBank of the Philippines is set to launch an array of innovative investment products and…
BDO Foundation helps empower Iloilo market vendors, SMEs through financial literacy training
BDO Foundation, the corporate social responsibility arm of BDO Unibank, recently took a significant step toward fostering financial inclusion and…
BSP, National Bank of Cambodia sign MOU for enhanced, more powerful collaboration in 2024
In a landmark event held last August 19, 2024, the Bangko Sentral ng Pilipinas (BSP) and the National Bank of…
PH soars towards rice self-sufficiency, but drone technology still faces regulatory hurdles in 2024
The Philippines is currently making significant strides towards achieving rice self-sufficiency, with a recent projection indicating a 95-day rice stock…
Salmon wins 2024 ABF Fintech Start-Up Award, vows to pioneer a new era in PH banking
In a significant milestone for the financial landscape of the Philippines, Salmon, a fintech company dedicated to enhancing access to…
BSP and DOLE push for digital wage payments to help drive financial inclusion in PH this 2024
The Bangko Sentral ng Pilipinas (BSP) and the Department of Labor and Employment (DOLE) are calling on labor and employer…
LANDBANK supports PSALM with P60 Billion syndicated loan to bolster PH power sector
The Land Bank of the Philippines (LANDBANK) has recently taken the lead in strengthening the country’s power industry by extending…
BSP bolsters digital transactions, introduces new regulations for merchant payment acceptance
In a significant move to enhance the security and efficiency of digital payment systems in the Philippines, the Bangko Sentral…
PH banks’ bad loans ratio hits 2-month low despite annual increase in Non-Performing Loans
In a recent report by the Bangko Sentral ng Pilipinas (BSP), the gross non-performing loans (NPL) ratio of local banks…