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Sunday, 17 August 2025, 11:15 am

    Banking & Insurance

    “No new tax, just fairer rules”

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    The Department of Finance (DOF) has debunked misinformation surrounding the Capital Markets Efficiency Promotion Act or CMEPA, clarifying that the law does not impose a new tax, but rather standardizes existing rates to correct long standing inequities in the tax system.

    Shari’ah-compliant bonds touted as tool for inclusion

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    The Bangko Sentral ng Pilipinas (BSP), through the Islamic Finance Coordination Forum (IFCF), hosted the “Stakeholders’ Forum on Domestic Sukuk Issuance” to expand access to financing for Muslim-owned enterprises by promoting Sukuk, or Islamic bonds.

    BSP honors institutional partners in 2025 OBSAC

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    The Bangko Sentral ng Pilipinas (BSP) recognized 18 institutional partners of its head office during the 2025 Outstanding BSP Stakeholders Appreciation Ceremony (OBSAC) held on 18 July.

    BSP, BDO Foundation launch new financial literacy modules

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    The Bangko Sentral ng Pilipinas (BSP) and BDO Foundation have launched a new series of six e-learning modules aimed at enhancing financial literacy among Filipinos.

    PCIC pilots AI-backed insurance to speed up typhoon relief

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    The Philippine Crop Insurance Corp. (PCIC) is set to pilot a technology-driven insurance program aimed at expediting claims processing for rice farmers impacted by typhoons, starting with the 2025 wet cropping season.
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    Context.ph is a business news and features website based in the Philippines. Our goal is to provide readers easily digestible articles to help people better understand the news and make informed decisions.

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    Abacore Capital reports 15% profit surge in 2024

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    Abacore Capital Holdings Inc. (PSE: ABA) reported a strong financial performance for 2024, with net income rising to ₱3.293 billion, up ₱429 million or nearly 15 percent from ₱2.864 billion in 2023. The company attributed this growth to a 35 percent increase in other income (₱3.458 billion), a reduction in administrative expenses to ₱155 million, and dividend income reaching ₱7.3 million.
    Banking & Insurance

    BSP unveils art exhibit on culture and capital

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    The Bangko Sentral ng Pilipinas (BSP), in collaboration with the National Museum of the Philippines (NMP), has launched “Kultura. Kapital. Kasalukuyan. Contemporary Art from the BSP Collection”, at the National Museum of Fine Arts in Manila.
    Corporate Bulletins

    Public-private pact powers Bacolod Rum Festival

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    The City Government of Bacolod and Tanduay Distillers Inc. have renewed their strategic partnership for the 5th Tanduay Bacolod Rum Festival, scheduled from 28 to 31 August, in alignment with the global observance of Rum Month.
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