Banking & Insurance
BSP warns of fraudulent social media content
The Bangko Sentral ng Pilipinas (BSP) warns the public to be more vigilant against scams because the use of artificial intelligence (AI) to create or manipulate fake videos and audios make them appear more believable.
President appoints banker Walter Wassmer to MB
President Ferdinand R. Marcos, Jr. has appointed veteran banker Walter C. Wassmer as a member of the Bangko Sentral ng Pilipinas’ (BSP) Monetary Board (MB).
Four-month FDI rises 19% to $3.53 B
The country's foreign direct investments (FDI) in the first four months improved 18.7 percent to USD3.525 billion from only USD3.0 billion a year ago.
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.
