Banking & Insurance
Muted PMI keeps rate cut debate alive at BSP
The country's manufacturing index or the PMI proved little changed in August, to 50.8 during the month from a three-month high of 50.9 in July, indicating continued growth in the sector closely watched by the Bangko Sentral ng Pilipinas (BSP) as one of a number of guides for monetary policy crafting.
BSP extends VASP licensing moratorium, issues advisory amid heightened crypto risks
The Bangko Sentral ng Pilipinas (BSP) has extended its moratorium on the issuance of new licenses for virtual asset service providers (VASPs) indefinitely, while simultaneously warning the public against engaging with unregistered or unauthorized VASPs.
IFC extends P12.87B sustainability-linked loan to Ayala Land for green building projects
The International Finance Corp. (IFC) has provided a P12.87 billion (US$225 million) sustainability-linked loan (SSL) to Ayala Land, Inc. (ALI) to support the development of green, resilient buildings in the Philippines.
New BDO-CFO pact boosts financial literacy for migrants
BDO Unibank (BDO) and the Commission on Filipinos Overseas (CFO) have formalized their partnership to provide permanent migrant Filipinos with easier access to information, services, and guidance through financial literacy programs.
BSP, NBC reaffirm cooperation on financial innovation at bilateral meeting
The Bangko Sentral ng Pilipinas (BSP) and the National Bank of Cambodia (NBC) concluded a high-level bilateral meeting today, reaffirming their commitment to closer cooperation in central banking and financial innovation.
