Banking & Insurance
BSP warns of fictitious P150 banknotes
The Bangko Sentral ng Pilipinas iis warning the public that it has not released a P150-denomination banknote featuring Dr. Jose Rizal. Images of the said banknote circulating on social media are fictitious.
Citi remains bullish on Philippines, sees 6.2% GDP growth
Citi, a leading global bank and the largest foreign bank in the country, retains a positive outlook on the Philippines amid a challenging year ahead for the global economy.
BSP pushes open finance framework
The Bangko Sentral ng Pilipinas invites interested BSP-supervised financial institutions (BSFIs) and third-party providers to participate in a standards consultation for the Philippine Open Finance Pilot (“PH Open Finance Pilot”) to inform the development of open finance technical and operational standards and arrangements.
PDIC to raise P66M via disposal of Luzon residential, commercial
State-run Philippine Deposit Insurance Corporation (PDIC) aims to raise at least P65.6 million via the electronic auction of 30 residential and commercial lots located in Luzon next month.
Landbank extends P1B loan to Sarangani LGU
State-owned Land Bank of the Philippines is extending P1 billion worth of loans to the local government of Sarangani to fund its various development projects.
