Banking & Insurance
Citi launches world-first tokenized depositary receipts for private company investments
Global banking giant Citi has rolled out a new market-leading solution: tokenized digital depositary receipts for private company shares. This makes Citi the first global financial firm to both issue and act as custodian for this type of instrument, creating a clearer, more direct way for private businesses and investors to connect.
BPI asserts market leadership with record-breaking clean energy financing
The Bank of the Philippine Islands (BPI) has established itself as the financial powerhouse behind the country’s green energy transition, reaching an industry-leading cumulative investment of P376 billion through its Sustainable Development Finance program.
Marcos reappoints Wassmer, Querubin to BSP Monetary Board until 2032
President Ferdinand R. Marcos Jr. has reappointed Walter C. Wassmer and Jose L. Querubin as members of the Bangko Sentral ng Pilipinas (BSP) Monetary Board, the central bank’s highest policy-making body.
No cash-ins needed: BDO pay combines ultimate convenience with big rewards
BDO Pay is launching a range of limited-time promotions and features to help users get more value from their regular spending, with discounts, freebies, and rewards available across dining, shopping, and bill payments.
Domestic borrowing lifts government debt to P18.55T
The national government's outstanding debt climbed to P18.55 trillion at the end of May as robust domestic borrowing more than offset the relief from a stronger peso, underscoring Manila's continued reliance on the local bond market to fund its spending program.
