Banking & Insurance
Remittances hit $3.1B in August
The personal remittances of overseas Filipinos (OFs), a potent source of foreign exchange for the Philippines, increased by 2.8 percent to reach $3.10 billion in August 2023 from only $3.02 billion in the same month last year, the Bangko Sentral ng Pilipinas (BSP) said on Monday.
Manila exercises good neighbor policy and contributes to IMF’s subsidy fund
Although the Philippines has to deal with the economic scarring dealt on countries by the pandemic just like everyone else, the $404 billion southeast...
Yellen says US-backed IMF funding increase is ‘pretty likely’
U.S. Treasury Secretary Janet Yellen told Reuters on Friday that her plan for an "equi-proportional" increase in International Monetary Fund quota-based lending resources was "pretty likely to get done" despite concerns raised by China.
Metrobank ranks high at The Asset’s 2023 Benchmark Research
The Metropolitan Bank & Trust Co. (Metrobank) has received recognition for industry excellence and market dominance in the financial markets space, as acknowledged by...
Google, ADB-supported grant program welcomes climate study proposals from NGOs
The Asian Venture Philanthropy Network (AVPN) has set up a $5 million grant program from which non-profit organizations across Asia and the Pacific may tap to underwrite climate-related studies.
