Banking & Insurance
Monetary Board revokes remittance company license
The Bangko Sentral ng Pilipinas (BSP) Monetary Board has canceled the registration of ABA Global Philippines, Inc., which operates under the trade name COEX STAR, as a remittance and transfer company.
BSP expands relief rules for calamity-hit areas
The Bangko Sentral ng Pilipinas (BSP) has enhanced its regulatory relief policies to better support banks and borrowers affected by calamities, reinforcing efforts to maintain financial stability and resilience during crises.
T-Bill yields slip as Fed meet nears
Treasury bill rates continued to ease this week as investors bet on the growing likelihood of monetary policy easing, following softer-than-expected inflation data in the US.
BSP updates banks on foreign exchange rules
The Bangko Sentral ng Pilipinas (BSP) held an information session for the banking industry to strengthen compliance and promote sound practices in foreign exchange (FX) transactions.
UnionBank net profit surges in 3Q
Union Bank of the Philippines (UnionBank), the country’s 10th largest lender by assets, posted a third-quarter net income of P3.2 billion, a 77 percent...
