Banking & Insurance
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.
Treasury bill yields marginally higher on inflation concern after wage hike
Treasury bill yields were marginally higher at the auction Monday, with the market awaiting the impact on inflation of the latest minimum wage hike in Metro Manila and a fresh round of increases in fuel prices.
Security Bank seeks to raise P5 billion from fixed-rate peso bond offer
Security Bank Corp. on Monday launched a five-year, fixed-rate peso bond that seeks to raise at least P5 billion.
