Banking & Insurance
Homegrown payment experts commit to help SMEs deal with cybercrime
The Cybercrime Investigation and Coordinating Center (CICC) has forged a five-year pact helping PayMongo Philippines, Inc. protect small and medium enterprises (SMEs) from cybercrime.
Prime Infra secures P5B loan from Land Bank
Prime Infrastructure Capital Inc. (Prime Infra) has convinced the Land Bank of the Philippines (Land Bank) to extend the business a P5-billion term loan to partially fund the development of water, sustainable energy and waste management projects across the country.
New Islamic banking unit opens in Manila
Maybank Philippines, Inc. has started its Islamic banking operations and has become the country's third lender operating under the shari'ah principles.
Benguet Corp updates mortgage agreements with Philippine Veterans Bank
Benguet Corp. signed on Wednesday an amendment to its Mortgage Trust Indenture and Deed of Chattel Mortgage with the Philippine Veterans Bank which marks a significant shift in the listed mining company's financial management, as it replaces Philippine National Bank with PVB as the successor trustee.
Average rates in treasury bills mixed at Monday’s auction; issue upsized to P22.6 billion
Treasury bill yields were mixed at the auction Monday, with average rates on six- and 12-month debt papers slightly higher despite strong demand.
Total bids for the P20 billion offer was nearly three times at P53.5 billion, allowing the Bureau of the Treasury to increase the amount awarded to P22.6 billion.
