Banking & Insurance
BSP to suspend coin deposit machines program for review
The Bangko Sentral ng Pilipinas (BSP) said it will temporarily suspend the operation of Coin Deposit Machines (CoDMs) in select malls starting June 17 to conduct a comprehensive review aimed at enhancing the coin recirculation program.
BSP bars four firms for unauthorized money service operations
The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has disqualified four entities from registering or obtaining a license to operate under its supervision after they were found operating as Money Service Businesses (MSBs) without prior BSP registration.
Rice prices ease in early May, supports slowing inflation trend
Rice prices continued to ease in early May, indicating a potential further slowdown in inflation after headline inflation decelerated in April to its slowest pace since November 2019.
Manulife wins Digital CX Award
Manulife Philippines, the local arm of Canadian financial services giant Manufacturers Life Insurance Co., has been named Outstanding Digital CX – Life Insurance winner at the Digital CX Awards 2024 in Singapore, a prestigious recognition organized by The Digital Banker.
France strengthens trade ties with PH in BDO meeting
France and the Philippines are poised to deepen economic cooperation following a high-level meeting between French officials and executives of BDO Unibank, underscoring a shared commitment to expanding bilateral trade and investment.
