Banking & Insurance
Asialink secures funds from Korea’s Hana Bank
Asialink Finance Corp. has secured a P125 million credit line from KEB Hana Bank Global to shore up its lending resources for the Philippines’ small-scale businesses. This is Asialink’s first financial tie-up with a Korean bank.
Strong demand allows BTr to raise P40 billion
Strong demand at the auction Tuesday set a lower interest rate on the treasury bond due 2031 compared to the level at the secondary market.
5% of GCash users own a bank account
One in four bank account holders in the Philippines have an account under GSave, the innovative, in-app savings feature of GCash.
Manila hurdles 15 of 18 FATF action list; exits grey roster early next year if actionables all work out
The Philippines has made good progress in its fight against money laundering and terrorist financing activities from when the authorities in Manila last discussed the subjects with the Paris-based Financial Action Task Force (FATF), Bangko Sentral ng Pilipinas governor Eli Remolona said on Monday.
Recto plans a return to samurai, global bond markets within the year
Finance Secretary Ralph Recto on Monday acknowledged considering the sale of samurai bonds and a return to the global bond market with a US dollar-denominated IOU within the year.
