Banking & Insurance
Recto lauds decision to ban POGOs, vows to assist displaced Filipino workers with safety nets
Finance Secretary Ralph G. Recto on Tuesday lauded President Ferdinand R. Marcos, Jr.’s decision to ban the operations of the Philippine offshore gaming operators (POGOs) in the country effective 22 July 2024, and committed to assist the displaced Filipino workers with safety nets to ensure that they can have replacement jobs as soon as possible.
GoTyme claims fastest growing bank in PH
GoTyme Bank, a joint venture between the Gokongwei family and South Africa’s Tyme Group, projects hitting the 5 million depositor mark by year's end and claims the distinction as the country’s fastest growing bank.
Treasury bill yield inch up at Monday auction; P20 billion offer awarded in full
Average rates of treasury bills rose marginally at the auction Monday, correcting from recent softening on expectations the Bangko Sentral ng Pilipinas will soon ease monetary policy settings.
BSP welcomes passage of anti-financial account scamming law
The Bangko Sentral ng Pilipinas (BSP) welcomes the passage of Republic Act No. 12010 or the Anti-Financial Account Scamming Act (AFASA) that aims to combat financial cybercrimes, safeguard the interests of financial consumers, and uphold the integrity of the financial system.
UnionDigital names Danilo Mojica as new president, CEO
UnionDigital, one of the six Bangko Sentral ng Pilinas-licensed digital banks in the country, said Tuesday long-time business executive Danilo “Bong” Mojica will take over on 1 August as president and chief executive officer of the digital banking unit of Union Bank of the Philippines.
