Banking & Insurance
WTO moratorium on tariffs on digital trade for review in early 2024
The World Trade Organization (WTO) moratorium on customs duties on electronic transmissions, in force for over two decades, is for review early next year, with a few countries questioning the further extension of its suspension.
Prestigious organizations cite Metrobank for outstanding performance
Metropolitan Bank & Trust Co. (Metrobank) has been recognized as the Strongest Bank in the Philippines by The Asian Banker for the third straight year and the Best Domestic Bank in the country by Asiamoney.
ADB bares capital moves to boost lending by $100B over a decade
The Asian Development Bank (ADB) unveiled new capital reforms on Friday that will unlock $100 billion in new financing capacity over 10 years as the lender expands its development and anti-poverty mission to tackle climate change and other global crises.
Net IIP inched higher in June
The country’s international investment position (IIP) showed a net liability position of $48.5 billion as at end-June this year, slightly higher by 2.5 percent than only $47.4 billion as at end-March, the Bangko Sentral ng Pilipinas (BSP) said on Friday.
FCDU loans marginally lower at end-June
Loans obtained from the banks' foreign currency deposit units (FCDU) stood at $15.4 billion as at end-June this year, $66 million or by 0.4 percent lower than the end-March when this aggregated $15.5 billion, the Bangko Sentral ng Pilipinas (BSP) said on Friday.
